The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1912-08-12
How Capital Gang Film
Flammed on Valuations

National assessment was first con
sidered, the amount of decreaes In
assessment came about in regard TO
STOCK taken over in the consolidation
Of the Oklahoma City National bank
into the State National.
At that time. according 10 the
/ banks official statement l5S IL
shares was the dlfference between
the capital of the liquidated bank
and the working capital of the State
National This, said the statement.
! was carried by II. w. Williams. the
president of the oklahoma City Ma.
+, tional, in the name of his assocI-
ates.
This condition existed until after
January |, 1912.
When II. H. Cooke became pres
ident OF the State National into
which the Oklahoma City National
then had been merged, he and his
, associates, at time after January
!, 1912, paid up this 1881 1-2 shares
$50 that the state National bank now
has and has had, a paid.up capital
OF S50,000 with $4,000 surplus, ac-
cordng TO the banks statement.
The commissioner said that most
,of the changes in Assessments
found necessary by the county board
OF equalization, were on real estate
and that all the complaints were on
real estate values.
Auditor Meyer asked pointedly,
who was responsible for the cards
circulated, asking property owners
TO complain 10 the county board
Carrico disclaimed all knowledge OF
the alleged effort to inspire kicks
and said the only cards he had seen.
We're notices sent out by the local
tax league. giving notice of the
dates on which the county board OF
equalization would be in session
Carrico related an instance where
the assessment of a widow had been
reduced, and began to tell OF another
case in which an "old mans assess
ment had been lowered when Dunlop
interrupted him.
Talk About Young Men"
Talk about some young men.
said the treasurer. Don't coafne
yourself to widows and Jrphans.'
IF | can't talk about whomsoeyer
choose | certainly don't intend 10
talk at all retorted the commission
er
Have you got any tax dodgers n
your county, asked Gov. Cruce.
ITS human natures 10 dodge
taxes Carrico replied.
For purposes of illustration, the
toard delved into the assessments
of some individuals in Oklahoma
City IN some instances, Carrico
was assisted in his answers by
County Assessor Frazier
Henry Overholser was found to
lie assessed for $42,500 on his home
and 279 front feet Of land. c. b.
Ames was assessed $40,d on bis
fled a sworn complaint alleging
that the valuation was outrageous
and should be reduced to $4,000
State Official Raised.
"One of the state officials" said
Carrico, was assessed for $1,000 on
his house and wanted it reduced to
$l700. He raised it to $4,000.
When Carrico declared that Ok
lahoma county should pay not more
than one-tWentieth Of the state tax.
Frank Orr of the state auditors Of
flee read into the record statement
that the county sent one-tenth of the
total number Of prisoners to the
pententiary, one-tenth of the in
mates to the insane asylum and more
than one-tenth of the students to
the state university.
The board took Cgrrico's statis-
tics as he had prepared them, com
pairing the assessments per capita
in oklahoma and other counties, and
his conclusions as to whether the
various counties had been assessed
for too little or too much.
He asserted emphatically that the
poor counties of Adair, LeFlore and
wero' under assessed
and that any county whose figures
showed a per capital value of less
han $500 was on the verge of star
walton. He questioned the correct
less OF the assessments which show
I'd per capita value below that
igure