The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-02-13
THE EVENING HERALD:

THE EVENING HERALD;
After reading your wednesday
night's editorial relative to the pos
sihility q a Spontaneous revival Of
absolute truthful cturn Of an tax
able property. regardless Of existing
laws favorable to special ~lntefesfs. and
with the earnest desire 10 see just that
thing happen, nat I fell 10 speoulating
Just what effect ~ wouit have upoa
persons and things In general. lust
what effect " would have on tho fu-
ture Of the city Of Albuquerque. Bcr.
naiilio county and the state AZ large.
and with what pleasure the assessor
would begin his days work.
How city Manager Hebenstreit
would rejoice IN seeing the valuation
Of the city double over night, thereby
making n Unnecessary 20 invclric the
surrounding suburbs 10 join the cts
willingly or unwillingly.
How tho little property owner would
rejoice IN knowing that he was not
the only one who paid on 90 his prop
crty was worth or on all that no had
ACTUALLY Invested IN same including
that loaned by some friend or bank.
This speculation on the sudden
ira nsformation or expected trarsfOr-
nation in the hearts Of individuals Hnc
corporations. left such an impression
on my mind that II produced after o.
"a q WH ANA NH NN " a NNNNNHAHAH
heard 81 saw the following actually
taking place;
saw Geo. Downer aud Capt. Reid
can for an extra session Of the state
tax commission TO revise M assesses
mem OF the railroad corporations, and
criticise them severely for their past
unjust treatment OF the clty Of Alhu-
querQue on account ~ their distl1hut-
Ing 10 other parts OF the state prop
lUFNN fHWH ia NAgaNUI within HIn HfHu
limits o. albuquerque. something like
six millions OF dollars in value. credit
ing the city actually with bat 1851 600.
thereby saving the Sauta Fc n. r. GO.
something like s5s.0O0 In city axe
atone besides % loss 10 D county OF
another $500 poo Also why the state
tax Commission undertakes their
property m other respects at such
l-ridiculously low figures aH, Tor IN
lftanrc. locomotives Hf $500 whlcn
cost them S40.0N0 10 $50 900. thereby
undertaking. their property iu the
state VI New Mexlco To- the tune of
some 3O.000.NOU OF dollars as COM
pared with their inferior holdings In
Arizona.
Saw the Hon Sell %. Field and y.
B Horndou irving tu convince my
lfriond Jack Reynolds Of The necessity
OF securing Immediate legislation that
would not discriminate loo loUus as
iNNlNf NV NNfAM ar compared Win I.AtHt
made Boy the widow Brown.
a new repeal Of the law that makes
m obligatory ON widow Brown tn rec
Turn for taxation he little sum 81 lie
insurance that she received aud may
have deposited with e. nunE or trus,
company at Z per cent 90 which she
IL asked hy the assessor to pay lu the
lshupe ug aXe almost four per cent.
Thereby leaving her absolutely wlth-
out means for the upkccp Of her NttlH
homo cor children. whilst rho banks.
Gusf companies, etc. arc allowed tu
reinHn this money 40 or 10 per cont
and exempted by law, Thcy ARE tfyIue
90 convince each other that Boz Justice
20 Widow Brown that they should also
return their loans thereby adding
some 4 or 60 millions OF collars Co IN,
tax rolls and su cut tho taA ratio tn
per cent, thus allowing widow
Brown 90 make 70 bare living at least.
Further that tho law should hc such
that the assessor should credit ths
hQme owner for the FUN amount of
mortgage covering the difference Co.
he assessed 90 tho holder ~ said mort
gage be it bank, trust company o,
private individual
Saw she wool Catfic and Horse
Growers association nuH a unanimous
resolution that thcy would place every
hnof Of livestock ln Nrw Mexico oH
the taa rolls al The maNimum vaIua-
lion and would forever diahnr ans
member that even thought 81 cumpro
missing VITA the cuurtH any tax levy
made on their account
SAW Geo. kiaemHu. ChaH. Springer
"a ~ in earnest consultation with
Judge 49, = Rndry soliciting his aid
in the preparation OF 10 Just and cqulf.
able milne tax law that would not
permit some 80 millions of milne
wealth a. escape taxes
saw Frank A Huhheli nuke vIgor-
GUS protest To- tie assessor un account
o. uudervuluauou of his property aud
acOrn the offers OF his personal lafui
cup bearers 90 arrange Ter "a reduction
nf leo the past ct assessments. regular
IS made. fnVorlhly reviewed hy thn
hoard of county commissioners or