The Bridgeport times and evening farmer., 1919-02-18
TROLLEY TAXATION

 sserted hem possible with cearness justice the contrary contained in it's emand for relief from the duty to construct pavemen and ridges in certain
 In a communication from w. Colton executive the Connecticut Company which printed this age certain further corrections of statements in s news ape regarding the value of the Connecticut Companys trty
 being available it is possible to give omewhat adequate of the degree of taxation to Connecticut Company subjected and better idea the merit of it's claim for higher fares
 added the benefit Of those who perhaps ot railway history in Connecticut hat The Farmer completely correct in these transportation problems; but never invariably managed arrive at the broad truths If the when experts like Charles S elien were quite fl the contrary mind.
 during years pretty steadily pointed what happening to the New Haven system, stating ome the fact that the dividends must be ut they must that the market value of the stock drop of the system must become the of government authority and that the sochod property part displayed in the protec of their holdings the intelligence of sheep
 During all this period, in which much might have been aved nothing was, The Tmes-Farmer sometimes got its points the wrong place, but it missed the conditions which needed cOrrecion overlooked the ults that follow when the correction lacking
 The Connecticut Company has two sorts of property orty it and property it leases,
 The property it reported at $53i37,OO0 The property it leases is reported at $32,372,OOO
 The is S85409OCC the upon which The Times estimated the taxes it thought the Connecticut Com any ought to pay.
 says that the property leased is not worth $32 72OOO but that there is other property great greater" property, upon which the ecut Company does not and should not taxes Where he value of one of two things as reat not greater than other the value of tho first thing cannot than half of the whole value.
 The value of the leased property upon which Mir Colton hns the Connecticut Company should pay taxes is therefore ot more than $16i66,OOO.
 In previously correcting The Tmes-Farmer Mr. CoIton has company operates 425 miles of se miles of leased track which opens the way for the follow ng computation.
 If 262 miles worth $i61S6OOO, mile is worth part thereof approximately $6i 700.
 And 45 miles of track at s6 700 mile would be worth approximately $26y y222OOO.
 For leased track the Connecticut Company paying Sd ,O5fOOO net which per aue of the property given by MT Coon The public he rental The return upon this portion of the property client.
 Perhaps that the 425 miles worth than the 262 leased miles Pending the demon traton it will be assumed that the value is the
 As a return for estimated investment of $26 2O0O in Company figures, report Public Utilities Commission, which per cent the value of the property
 Coon perhaps knows the rule regarding public uili- ies profits They entitled to fair return the value property actually for the public If the Connecticut company believes it is getting an return property valued in a proceeding and the return fixed
 The return fixed would of course be- broadly speaking he upon which taxes should be paid
 The value of the whole property derived from Mir Col statement regarding the value of the leased mileage roxmatey $4ae22ooo, which the company s47 about cent the value. Jneys taxed about per of their value by the state for the right the highways and about cent in the city in which they operate.
 payments bridges consideration and in the nature of payment for monopoly
  taxed at about the rate Ford is taxed by the tate, for it's license
 Nor is it quite reasonable to that the tneys nent for which the has paid, without paying hing. Jtneys and railways the which is the valuable element in most and both have contributed to for pavements, the directly and he itneys indirectly The jitneys entirely competitive They exercise simply the mmemorial right of with vehicle to it for the transport of goods persons.
 The trolley has monopoly not of the right to the the exclusion every body ese but of the right perae street railway which exceedingly valuable fight and which would be extraordinarily valuable privilege been administered prudently
 
 d s116s5s3s7 compared with s04o.ooo