The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1915-01-29

ilshed az a guide for Investors and
considered very relinble---to show
property value u something more
than fifteen million dollars This
valuation Of fifteen million dollars is
that OF the eosl properties and the
eglipment necessary 10 operate the
coal mines. toFnther with improve
ments. but does not include the raii-
road Of the same name. which II aow
owned by the Atchison. Topeka anc
santa re railway. as ! am reliably
informed
This property. which IL quoted BY
the Rocky Mountain companys own
report ~ being of the value of fifteen
million dollars. ana which beyond
ane rofslbiiliy ~ contradiction is of
thai a,luc. was returned by the -.
Lonl~. Rocky Mountain and Paciflc
company for purposes OF assessment
fpr the year igtf ~ 81 aire ~
tt,sfi.13t. THIS amount later wns
raised by the stafe buard 81 eQnaiixa
tion. now dfiNncl through eOnstitu-
tionai amruliuert 80 inat the final
aseessmcnt iaf ihr year 1914 against
that compHn in fHllax county stood
at somewhert auoui two and one
quarter millions uf 1oiiars.
The s--cau,eu, far ne year 1914
Is proport.0nHsiy what 4 hrs been
for years pas gceptlnf In years
when Il has ustr less.
There are now pending before this
legislature numercrs tax bills ia
which the people OF ths state. an well
as me -. Louis. Rocky Mo ntaln and
Pacfr Yuspany. aie interested. The
franir are intrfesie,3 in securing
rel luns law whleh will place the
hiH4sn 90 isftion tlun iiy upon ail
ifhc property in fhe a.ate. by lsyying
is Us ei iii as,hi tii nlsrefty VI the
-iafe fHr ho rurpnsa of falsluR rev
/ Ienue s4fnticai 20 run tns state
Under tne law as ~ has stood the
81 ipuie Rocky Meuo ain and pa
CT rntnpany has paid taxes on a
vai4auaa ~ one-thirf Of tz.3s0.o0o.
or appsoSimaiely on f75o.00o worth
OF pforeriy 1nie property. the com
pany asclf states ana everyone con-
ced is worth 100000. The com
pang therefore nas been paying taxes
upon one tntntieth of the actual
value of g. loai properties.
"Mr. Spices says frankly: 4 am In
Santa Fe because OF my Interest Ia
tnxation legislation. among other
legislation pending That Is correct.
That ls why he u here That II why
AIR Springer IL here. They are here
10 save their company, IL possible.
from paying taxes on tii.so0.0o0 Of
property value.
The charges which I have made
ms 10 Mr. spiess' activities In the leg
isiature In behalf Of these interests H.
admitted in his own statement when
he N quoted in the Herald TO the ef-
feet that he Is advihlnE ths euuctment
Of franchise tax ON corporations
and legislation reEardinR mining
properties for which / stand.
The answer then 10 the question
why Is Mr. spiess In Santa FeT h
this; Mr spices Is here because thu
81. Louis. Rocky Mountain and Pa
clhc coal aud associated interests
want him here 70 influence tax leEls-
latlon; he " here because his com
pany believes that n he did not come
here II would have 10 pay more taxes.
Even Mr.. Spies viii nof contend that
he II here q ng To get legislation
which would compel his company 60
pay any more taxes. Ne ls here be-
cause he IL On AO1ht az TO what this
icgislnturr nusht do IL d Il not in
fucnccd b. th, sage counsel ~ the
attorney for the 80. Louis. Rocky
Mountain and pncific coal and asso-
ciated interests"