The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1921-12-02

ances that their identity Will not be
revealed. Just as the gaseous oders
from the big I'll industry pernncate this
entire rcgton SO does this czar of the
OH industry ms III fear into the hearts
OF ali who would take exceptions to Its
course or reveal any OF IT'S secrcts.
ASSESSOR FACES CASE.
T-here is o-e RAN In this region.
however. who processes to have no
fear 80 this hig institution. ne -
James Clements assessor of Sorth
township. n which the cities ~ whit
Ing Fast Chicago and Hammond are
located.
Aftef estimates 81 the vainoe 70 the
standard rennery ware obtained from
various sources Nh. Clements was
asked If ne believed the property
should he assess q for 100000 oaa
Mr.. rteer ents smiled and replied
"All Of that"
Clements has been assessor OF NORTH
township since 1919. He related s.at
he hiss placed nss ssments on ethe
STANDARD Of property which he be
lievcd apnroae he'd reasonable hEure.
Invariably. he declared. these figures
have been reduced by the board OF re-
view of Lake county.
ASSESSMENT CUT.
In 1919. Mr. Clements said he placed
an assessment of sie,3es.000 on the
personal property 81 the STANDARD
niant IN the >ity or Whiting Cpart Of
the property IS in East Chicago He
declared this figure was reduced later
TO ss4s3,Tso. This figure. he said, did
not take into consideration the value
Of the buildings or the real estate. lie
declared he could not account for the
great reduction.
The North township assessor de-
clared the STANDARD company present
ed 20 the taxing officials balance
sheets. lie declared he based his esti-
mate of the value 81 the personal
property on he BALANCE sheets. Incl
dtntally he referred to public state
merts setting out that the earninfss Of
the STANDARD oil Company 1ndiana)
last year. after dividends had beer
paid on ssa.73s.fss common stock, was
about s5o,oo0.ooa
Mr.. Clements was asked II he was
ever informed that large corporations
sometimes have double set Of books,
one for public purposes and the other
piled he had not had any information
Of that kind.
NEW APPRAISAL IN 1922.
AS next year ali the real estate Of
the state win be appraised. tho value
Of the land Of the Standard Oil Com
pany is receiving some attention.
The assessment figures reveal that
the land of the Standard Oil Company
xx-Ls4t,- for IerG
than other corporations in the district.
Men in this region. who have kept in
close touch with the value OF lands
and the consideration for real estato
in transfers. estimate that the acreage
OF the Standard plant in Whiting Is
worth from S2,9o0.60O - 2,oo0.1oo. Il
is now assessed for s41a.915,
A person not Ner.cd IA the value or
lands in this great industrial region
can easily see dat the land Of the
STANDARD company inclados some Of
the choicest acres. from a commercial
point or view IN the entire county
The land Of The Standard company is
located on the trunk lines OF the great
East and West railroaf systems. Il
also borders Like Michigan and por-
mfts Of shipments from the refinery IN
large oil tank steamers.
CLOSEST TO CHICAGO.
This great lnid-contirentai refinery,
stratogically located. with pipe lines
entering from tho Wet with crude oil
and others going East, with rail and
waterways for shipments s. has the ed
ditional advantage Of being closer 70
Chicago than the sites OF many Q.
the other great industries Of Lake
county.
Maj. McFadden, assessor of Calumet
township. IN which is located Cary,
the home OF the United States Steel
Corporation plant said he steel land
is assessed for $4,000 an acre. The
average assessment for the $50 acres
Of the Standard OIL land In Whiting
is sl.100 an acre
The Inland Steel Company has ITO
acres assessed at an average of $4,000
an acre. The American Stei Foundry
has fffty-cirht acres assessed at an
average OF sc563 an acre.
The only Industry similar 70 the
Standard oil Company here is the Sin
clair Refining Company in East Chi
cago. 1t Is an infant in comparison
with the Standard plant. Esfms.
of Its size in comparison v 18th thu
Standard plant revealed. that IL,
Standard refinery Is from five to ten
times larger.
The Sinclair plant is a~sessed FIR
slightly in excess Of ss.goo,0O0 AS
sufr1ine that thix is an euuitahlf. SIS