The Bridgeport evening farmer., 1913-02-11

the building at las Main street asked
sons List of S35,775. The groas IN
sor's list Of $a6,776. The gross IN
said, was 81, 500 of which the city gets
40 per cent for taxes, etc Asked II
he had been offered $4,000 tor the
place, Mr.. Jones said such. sum mad
been mentioned to him. but he didn't
think the offer was bona fide.
No one appeared for the Jewelers.
corporation, which filed a claim: ask
ing a reduction to $4,000 a front foot.
A. c, Wheeler and W, B. Wheeler,
who owns the Laborde and sGelnan
have to pay the increase. and asked
a reduction of 800 front foot. This
is a new firm in the city and should
be !, ene;eursged', said A , & W Wheel r
hardship to them and feel more for
them than If the increase were coming
out Of our own pockets. The build
Attorney samuel G. Shaw. appearing
for Musante 81 Pastine, who have
property fronting on Main and Middle
Musante told the board that the upper
floors of the building were seldom
rented, When they are rented. they
f f5a Fs $40 n @an eht ne ss'a more tten
that sum to have the place put in
repair again.
F. G. Nichols. agent for the Wheeler
estate, owning the Read corner, said
the valuation Of that property was too
high.
"The valuation of property is a
estimate for the property he said.
THE owners of a property should be
in a. position to state this estimate
fairly. This corner property, the best
| of less than 1-2 per cent. with most
of the building occupied py good-pay-
at s49O 900. The assessors had boosted
our previous estimate of $4,000 to
| $5s00Q0.
1--WE have added an even 100000 to
our original figure and that is the
outside limit we can afford to pay
Then it would pay a email income
So small is the income, that it is poor
| encoura cement for men to invest in
| they should put up shacks along Main
street, if they desire to get fair re-
| turns for the money invested
r. H Downs and w p. Downs who
| own ss6-9ss Main street, asked a re-
| duction of $1,000 from the assessors
| figure $3.50. He said the property
now earns SO per cent.
Attorney Shaw for H. A. Bishop
and Susan Bishop, owner of the Ar
cade, asked no reduction on the build
| ing values. A reduction on the land
values of $95,870 was sought by the
Bishops.
F. c. Nichols agent FOR the seeur-
ity building; owned BY the Wheelersi
| against the building was satisfactory,
but asked a reduction from $1,000 to
81, 600 a foot on the Main street front
What does the investment pay p
asked Mr.. Poland.
Mr.. Nichols hesitated and Mr.
Wheeler, who was at his side, spoke
TT doesn't pay per cent" he told
the board quietly.
you built a. few years ahead of the
| time, a member suggested.
Quite a few years, and we are still
| ahead replied Mr.. Wheeler with a
smile.
The block map mistakes bebbed up
serenely when Mr., Nichols appeared
in behalf of the complaint Of NJ Clark
and Nichols. e68 Main street.
Recently I had made by SeofieId &
Ford a map of this property said MT.
| Nichols. This map showed that an
| error of nearly q. foot had been made
1 in the city engineers block map. AS
| this means a difference of about 81 800
IN the grand list. I would ask that 1t
Mr.. Nichols said he received So, 600
rental from the property. The ten
ant, he said, had to pay all taxes
in excess of $3.50, and this he was un-
| able to do, Mr. Nichols thought.
For the Sanford estate, owning the
Rowland building, Attorney Shaw said
| that a reasonable increase was ex-
| pected by his clients. The building
| estate asked ST., OTIS off the land va1ua-
ton. The property was. listed for
$S58,O00 and the assessors increased
this to 1857. 038
Attorney Shaw said this building,
| too, was ahead of the times, and ism t
| paying big income He said it's
1 hard to rent offices here and that or
! fee buildings in this city are not
| profitable.
Attorney Shaw also presented the
claim of the William Hall estate, own
ing the Davis & Savard corner He
said the value of this property had
i been increased 10 per cent. in six
years and that it now pays only 1-2
per cent. on the investment. 1t is
! listed by the owners at $14O,719, and
! by the assessors at 5000. 343. A reduc-
/ ton of $45, 643 is asked
Mr. Poland declared that recently
Davis & Savard had taken a long
| lease on part of the building At SO 100