The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-10-26

panies' property was $l9,06S,675, or AN IN
CREASE IN ONE YEAR OF $l0,6s5, 0s5.
Now, having in mind the values reached by the
assessors under the law Of 1914, l examined the
subsequent years.
In 1916 the mineral value by means of their out.
put, was raised to $16,308,221 Other property,
to $l0,34l,04l, or a total of 500, 649,252.
In 1917 the mineral value, by means Of the out
put, was raised to sc, 602,4 19, and the other prop
erty, to 81 ,S95,5l5, or a total of $2s,4 s7 1874.
In 1916 the mineral value by means Of the out
put method. were fixed at $I2, 693. 1862; the other
property at $14,063,3Sl, or a total of 1926, 757 ,243.
Finally, in 1919, the mineral value. by means Of
the output, was fixed at $l5.ll9,6l0; the other
property at SIS, 647, $50, or a total Of $50, 767, 292.
1T WILL BE NOTED THAT THE TOTAL
VALUE FINED IN 1919 WAS NEARLY FOUR
TIMES THAT OF 1914, AND THAT THE MIN
ERAL VALUE WAS MORE THAN TEN TIMES
THAT OF 1914.
AS the Chino Copper Co. appears to be the
principal object Of attack in this connection, the
figures with reference to that company arc inter.
esting.
In 1914, under the old system. their mineral
land was valued by the local assessor at sos, 567:
In 1915, under the output method and the new
law, this same land was valued by the tax com
mission at $6,846,204 AN INCREASE THE
FIRST YEAR OF $6,78I647.
In 1916 the same land, tnder the output method,
was valued at $12, 800, 293; in 1917, at $l1, 1897, 224;
III AoAOf Ut GfgpoosJODf dnu III lUlb, Ut FlOtffOstffs
or an average, for the years 1915 to 1919 inclusive,
of 1921 $50, as the mineral value of land which,
in 1914, as stated, was valued by the assessor at
$10S,567.
The other mining properties of the Chino com
pany were valued by the assessor in 1914 at 49,
796,929, or a total value in 1914 of $3,907, 1876. In
1919 this other property was valued at i 1885, 140,
and a total value of all the properties, including
the mineral value by means of output as stated, Of
$lS,325,6l4. In view of the valuation of this COM
pany's property in 1914, it will be seen that. UN.
DER II NEW LAWS, THE VALUATION HAS
BEEN INCREASED MORE THAN 500 L
CENT, OR 81, 8 1928.
Thinking that perhaps individual years or sin.
gle instances might be misleading, | figured the
thing also ON averages; that is, ] arrived at the
average assessment of each of these companies
for 1915, 1916, 1917, 1918 and 1919, both as to
mineral lands and other mining property, and the
total, and compared these averages with the val
uation in 1914. For all of the companies involved.
this shows the following:
The average of the mineral value of their land,
for the years 1915 to 1919 inclusive, reached by
the output method, is $14,091 LOG, as compared
with the valuation Of the same land in 1914 at 81.
Z 1926; the valuation of other mining property,
averaged, from 1915 TO 1919 inclusive is $l2,254,.
$50, as compared with that in 1914 of Sc, 946, S73,
and a total average value for 1915 to 1919 ircIus-
i've of all property of $26, 346, 066, as compared
with a total in 1914 of IS, 424,13
Further than this, the increases as between the
valuation in 1914 and the average value from 1915
TO 1919 inclusive are as follows
For the mineral value of the land. an increase
of $12,945,92G; for other mining property, an in.
crease of $5,30S,0S7, an an increase in all prop.
erty of $18,254,013.
These figures and comparisons might be multi
piled indefinitely, but those which | have quoted
| believe are sufficient to demonstrate, beyond
any question of q doubt, that the claim or infer
pnpp that tbig miup Oufpuf lnur Nvnd rneun1 and
actually operates to excuse mining companies
from paying their taxes, or to reduce their taxes,
is not only unfoundcd, but is ridiculous and alb
surd. These figures also. demonstrate that the
rhine output law was directed against the mining
companies and HAS RESULTED IN INCREAS-
ING THEIR ASSESSMENT, AS A WHOLE.
NEARLY 400 PER CENT.
GEORGE Z ne WNTpD