Republican farmer., 1919-02-21
TROLLEY TAXATION

I~ HANKS TO THE candid policy the Connecticut Company with respect to its policies and the reasons asserted them possible with what elements of justice the contrary contained in it's demand for relief from the duty construct pavemens and bridges in certain
 In a communication from John w CoIton, executive as sistant the Company which printed this certain further of statements in this news paper regarding the value of the Connecticut Company Iery. This information being available it is possible to give al somewhat adequate idea the degree of taxation to which the Connecticut Company is subjected and better idea be formed to the merit of its claim for higher fares
 may added the benefit of those who perhaps are not familiar with railroad and railway history Connecticut
 that The TlmesFarmer has never been completely correct the transportation problems; but never heess has invariably managed to arrive at the broad truths of the when experts like Charles Meen were quite |of the contrary mind.
 The Times Farmer during ten years pretty steadily pointed out what happening the New Haven system stating years that the dividends must be they that the market value of the stock must drop that the management of the system must become the deep of government authority and that the stockhod of the property for the most part displayed in the proec ton of their holdings the intelligence of sheep.
 During all this period in which much might have been saved and nothing The TimesFarmer sometimes got its decimal points wrong place. but it missed the suits follow when the correction lacking
 The Connecticut Company has two sorts of property prop erty it and property 1t leases.
 The property it owns was reported at $53I3zooo. property leases is reported at $32,3720oO.
 The total is $S5,4O9O0O the upon which The Times Farmer estimated the taxes it thought the Connecticut Com pany ought to pay.
 
 32OOO but that there is other property of value as great greater than the leased property which the Con Company does not and should not taxes Where the value of one of two things Is great not greater than other the value of the first thing cannot bel less than half of the whole value
 The property upon which Mr, Colton thinks the Connecticut Company should pay taxes therefore not than Si6,1S6OOO.
 In previously correcting Mr Colon has company operates 425 miles of owned track and 262 which opens the way for the follow ling computation. If 262 miles of track are worth st6s6Ooo one is worth the 262nd part thereof approximately S67O0
 miles of track at $6l,7OO mile would be worth approximately $26,S22OO0.
 For the leased track the Connecticut Company lis paying sio5o0o net which is about cent the property given by Mir Coon The public the rental The return this portion of the property is |ceent.
 Perhaps that the 425 miles worth the 262 leased miles, Pending the demon straton it will be assumed that the value is the
 a return for estimated investment of $262220oO in the Connecticut Company received net figures report Public Utilities Commission s GOO which lis about per cent on the value of the property.
 Mr. Coon perhaps regarding public util ities profits They a property actually used for the public the Connecticut Company believes is getting unfair return the property
 fixed would of be, broadly speaking upon which should be paid.
 The value of the whole property, derived from Mir Col statement regarding the value of the leased mileage proxmatey S3922OO upon which the company $447 Oo0 about cent the value tneys taxed about per cent of their value by the state for the right the highways and about cent in the city in which they operate.
 If payments to roads and bridges are consideration in lieu and the nature of payment for monopoly right street railways the Connecticut Company lis taxed about the rate Ford taxed by the state, for its license
 is it quite to say that ineys pave men for which the company has pad without paying thing Jitneys and street railways the which is the valuable element in most both have contributed to for pavements the directly and the tneys indirectly The neys entirely competitive They exercise simply the immemora right of any with vehicle 10 for the transport of goods