4
THE STJXDAT OREG0XIA3T, PORTLAND, JTT&E 16. 1907.
FRANGHISES'ARE "
HEAVILY TAXED
Seattle Assessor's Basis on
Which He Computes
Capitalization.
COUNTS CAPITAL STOCK
Adding This to figures on Tangible
Property, He Gets Value or Franchises-
Xo Discount Al
lowed for 'Watered Stock.
' SEATTLE, 'Wash., June 15. (Spe
cial.) County Assessor T. A. Parish
ha computed the value of franchises
held by public serice corporations to
be the difference between the valua
tion of tangible property and the cap
italization .'of the company. He has
written these figures into the tax rolls
of Kin County, and will go before the
Board of Equalization next August to
defend them.
The County Assessor has had experts
at work appraising the value of both
real and personal property held by the
public service corporations.' Real es
tate was assessed a year ago. and 4n
der the laws of this state realty is
only valued for purposes of taxation
every two years. But the County As
sessor has listed as improvements
enough to put the realty on a fair
basis for Immediate computation.
From all the Information the As
sepsor has been able to gather the
public service corporations of Seattle
have earned dividends on their cap
italization. The difference ' between
the total of capital stock and bond is
sues and the tangible property the As
sessor figures must be the value of
their franchise to do business. So he
has assessed-it a such. These stories
of watered stocks have not appealed
to the Assessor because he figured that
If the water paid dividends it must be
worth something.
Figures Gnthcred by Experts.
The figures on the new valuations
of department stores, manufacturing
plants and personal property generally
that can bo touched by this year's ap
praisal have not been' completed, but
Judged by the showing on public ser
vice corporations they will be start
ling. Kvery assessment the Assessor
has made this year has been prepared
by experts, and if a contest is made
either before the Board of Equaliza
tion or before the courts the Assessor
proposes to justify his work by the
sworn testimony of his experts.
There have been some instances in
the new assessment's preparation that
have a ludicrous side. The Seattle Ad
vertising Company has the ripht to
display signs In all the streetcars, and
It Is shown that they even make the
advertisers pay the cost of preparing
the signs. There is no outlay any
where, but the business Is one of the
most profitable in the city. The com
pany turned in a valuation of $50 on
its furniture and let the return rest.
The County Assessor took the com
pany at Its word Insofar as the furn
iture Is roncerned. but he added $75,
Oift as the value of the business.
The market value of the capital stock
and. the bonds of the Seattle Lighting
Company Is J3.534.135. which, on an as
sessed valuation of 60 per cent, amounts
to 93,120.475. The personal property re
turn made by the company this year
was S46,530. The franchise assessment
has been placed at Jl,519,23.", making a
total personal assessment this year of
11.975,765. The company is assessed on
Veal estate S144.710. The Seattle Lighting
t'ompany was assessed on personal prop
)rty last year nS9,A60. the real estate as
lessment for this year being unchanged
."rom that of last.
Value of Hallway Franchise.
The valuation on the Seattle Klectrlc
T
w
PROOF?
THEN THESE LETTERS
OUGHT TO CONVINCE YOU
if JiSi
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mmhi' mi "mbTi i ii hi t I mm J
J OUR 54 YEARS' RECORD
GODDESS OF LIBERTY FOR VANCOUVER FOURTH OF
JULY CELEBRATION
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MT8S LILLIAN ELnELL. t
VANCOUVER, Wash., June 14. (Special.) Lillian Elwell, the
daughter of Mr. and Mrs. John H. Elwell, has been selected by the
committee and cittsens of Vancouver to act a Goddess of Liberty at
the Fourth of July celebration. Mts Elwell is one of the leading
young society women of this city and Is very popular among; her
many friends. Her charming appearance makes her especially well
suited for the honored position for whlca she has been selected and
her selection meets the utmost approval of the citizens and officials
in charge of the celebration.
Company property as an entirety was
placed at J14.loO.000, which, on the as
sessed valuation of 60 per cent, amounts
to JS, 400,000. The personal property re
turn made by the company this year
amounted to J2.145.995. The real estate
and improvements return amounts to Jl,
101,330, making a total of the tangible
property of the company $3,307,326. De
ducting the tangible property from the
assessed value of the property as fixed
this year by the County Assessor, leaves
a balance of Jo, 182.675. The total per
sonal property assessment this year is
J7.328.670, and the total real estate as
sessment $1,161,330. In 1908 the Seattle
Electric Company made a personal prop
erty return of J2, 025, 407. which was raised
by the Board of Equalization $400,000. In
this personal property return made by
the company was included a franchise
assessment of $57,578, so that the differ
ence in the franchise assessment this
year and that of last is the remainder
when the sum of $57,578 is subtracted
from $5,182,676. The gain In the personal
property return made ty the company
this year over last year was due largely
to the addition of about 12 miles of track.
Telephone Values Doubled.
The Sunset Telephone Company made a
personal property return this year of
$415,231. This amount was raised by the
County Assessor to $522,784 on the per
sonal tangible property. The franchise
was assessed at $235,728, making a total
personal property assessment against the
company this year of $768,461. The real
estate assessment against the company
MR. CHAS. STAILEY, Warrensburg, Mo.,
says: "I suffered for years with Indigestion
and Stomach trouble and tried many remedies
without benefit. Your Bitters, however, cured
me in a short time. I cheerfully recommend it."
MRS. L, GOLDBACH, Chicago, 111., says:
"I suffered terribly from Cramps, Headache,
and other Stomach troubles, and doctored a
long time without relief. I commenced taking
your Bitters and I am entirely cured. I can
not praise it enough."
From the above you will see that the Bitters
cured these folks after all other remedies had
failed and it will surely do as much for you,
too. Therefore, don't delay any longer, for
that only makes your case so much the harder
to cure and besides, your health is too impor
tant to trifle with. Get a bottle of
HOSTETTER'S
STOMACH BITTERS
today and let it restore your appetite, tone the
digestive organs and thus cure Bloating, Head
ache, Vomiting, Biliousness, Costiveness,
Dyspepsia, Indigestion, Female Ills, Sleep
lessness or Malaria, Fever and Ague.
WE GUARANTEE THE GENUINE TO BE ABSOLUTELY PURE
OF CURES IS A SURE GUARANTEE OF ITS MERIT ?
was $47,770, making a total assessment
against the company of $806,232. The
personal property return made by the
Sunset Company last year on which tbey
were assessed was $345,800. The Sunset
Company was assessed $50,000 on its
franchise in 1906.
The market value of the property -of
the Independent Telephone Company was
fixed by the Assessor at $371,795, which,
at an assessed valuation of 60 per cent,
amounts to $583,077. The personal prop
erty return of the corporation was S4!6.
183. and the real estate was -assessed at
$39,030, making a total of $465,213. leaving
an .assessed valuation on - the franchise
of $117,864. The total personal property
assessment of this company was $544,047.
Last year the Independent Telephone
Company was assessed on the valuation
on the personal property of $307,840, of
which $10,000 was franchise assessment
Realty Values Fixed In 1906.
Real estate-owners will get off light
this year' because their valuations were
fixed in 1906. But it is probable the As
sessor's work next year will put the
realty values upon a permanent footing.
Everything else, including much that has
never been assessed, will be hunted up
and put on the assessment rolls this
year at as nearly a fair valuation as the
Assessor can make.
Under agreement the basis of the As
sessor's work throughout the state is 60
per cent of the market-value. That line
has been followed closely by the As
sessor. The state tax commission, which
is the state board of equalization, has
given a pledge that the work in King
County will be accepted as sr' basis for
fixing the appraisement throughout the
state and tf this pledge Is kept, there
will be a marked readjustment of values
for intangible property and property that
has consistently avoided taxation.
WASHINGTON BAPTISTS GATHER
Association Holds Thirty-seventh An.
nual Session at Centralia.
CENTRALIS. vTash., June la. The
87th annual convention of the Puget
Sound Baptist Association was In ses
sion in this city from Tuesday until
Thursday. The Methodist Church, was
placed at the disposal of the association.
as ttie Baptist Church is undergoing re- I
pairs. The association Induces all the
Baptist churches of Western Washing
ton, from Tacoma to' the Southern
boundary of the state.
The reports from the various churches
were read-- and showed an increase in
membership, benevolence and develop
ment of new fields. At the Tuesday aft
ernoon session. Rev. R. E. Riglow. of
Selma, Cal.. missionary to the Philippine
Islands, gave an address concerning the
geographical, ethnological and religious
aspects of the new possessions.
The chief feature of the Tuesday even
ing session was the address of Rev. G.
TV". Watson, of Aberdeen, on VManners
and Customs in Palestine." Mr. Wat-'
son. who has traveled extensively in
Oriental lands, showed by graphic word
pictures that manners and customs in
Bible lands have not changed much in
the pst 3000 or 4000 years. From per
sonal experience. Mr. Watson was able
to throw much light on many puzzling
statements found in the Bible. "Oriental
lands." the speaker said, "are now on
the verge of many changes, through the
advent of modern civilization.
The youthfulness of evangelistic work
in Western Washington Is indicated by
the fact that the man who preached the
first Baptist sermon in 1 this section is
still living. . -
Rev. James Edmunds, of Portland,
Sunday School missionary for the North
west, 'gave an address on Wednesday
afternoon. 'Our 10.000 Increase In aver
age attendance in Baptist Sunday schools
on this coast," the speaker said, "re
sults from a special competition effort in
the last quarter of .last year. ISO schools
having entered the contest. On "Decision
Day our 7000 Sunday school pupils open
ly confessed Christ."
Rev. C. A. Wooddy, T. D-. Pacific
Coast secretary forthe home missionary
society. conducted a study hour
in which many interesting facts were
brought out, concerning the methods of
word and Pentecostal results for the
year among 0ur foreign population. Mrs.
Lilian Black, wife of the pastor of the
Centralis? Church, gave a description of
student life at the Chicago Training
Schaol: described what some of the
graduates are aoine. ana emphasized trie
inoperative want of $65,000 to complete tha
new home for the school.
Rev. J. J. Ticknoe, of South Bend.
was elected moderator for the year, re
lievlng Rev. C. D. Spencer, of this city,
temporary chairman.
NEW LAW IS A DEAD LETTER
Grocerymen Continne to Make Sales
of Poison for Sprays.
SALEM, Or.. June 15. (Special.)
That the law giving druggists the ex
clusive right to sell poisons will not
be enforced is evident from the fact
that some of the druggists have found
it necessary to purchase their supplies
of poison from grocerymen. They are
hardly in a position, therefore, to prose
cute the grocerymen for selling poison.
Some time ago a druggist secured an
opinion from the Attorney-General, in
which it was held that the pharmacy
law of 1907 prohibits the sale of poisons
by any persons except registered phar
macists, and thts was held to apply to
such poisons ' as are used In- fruit
sprays and for other agricultural pur
poses. Agricultural papers pretty gen
erally condemned the law, for the rea
son that the druggists charge a higher
price for poisons than grocerymen and
dealers in agricultural supplies are ac
customed to do. It was asserted, how
even that the law would be enforced
and that prosecutions would follow if
others than druggists continued to sell
such commodities as arsenate of soda,
acetate of lead and Paris green. The
grocerymen accepted the challenge and
announced their intention to stay in the
business. Since that time several drug
gist have been procuring their poison
supplies from grocerymen. Possibly
they have been doing this for the pur
pose of securing evidence, but this is
not probable, for there has been no
need to resort to that device. AH the
dealers have continued to sell openly
and have no fear of prosecution.
RIVAL CUTS DOWN FERRY ROPE
Bolt of Injunction Against Opposi
tion at Kettle Falls. K
COLVILLE Wash, June 15. The
Farmers' Ferry Company, a corpora
tion operating a ferry on the Columbia
River, at the town of Kettle Falls,
this morning filed a suit In equity and
obtained injunction against P. C. Kay
lor and Ben C. Camp, by the terms of
which the defendants are restrained
from interfering with the rights- of
the plaintiffs In the operation of the
ferry at that place. The Injunction It
temporary and has been made return
able June SO, In the Superior Court of
Stevens County.
According to the allegations made
in the complaint filed with the County
Clerk this morning, the defendant,
Kaylor, Is claimed to have cut and re
leased the wire cable of the plaintiff
from tha tower on the west bank of
the Columbia River and that the de
fendant Kaylor now. threatens to cut
the rope cable from the tower on the
Stevens County side of the river. The
complainant further alleges that Kay
lor is Insolvent and not .answerable In
damages.
It seems that, Camp and Kaylor are
Interested in a' rival ferry at Kettle
Falls, and that there Is a large settle
ment of people on the west side of the
river in Ferry County, all of whom de
pend on these ferries for service in
reaching Kettle Falls as their trading
point.
FIND BODV OF DEAD MAN
Unidentified Corpse Picked Up on
Knappa Island in Columbia.
ASTORIA, Or., June 15. (Special.)
The body of an unknown man was
found this afternoon on the tide flats
at Knappa Island In the Columbia
River. The remains were those of a
man about 40 years of age and had
evidently been in the water for several
months, as they are badly decomposed.
A few shotgun shells were in one of
the pockets. Indicating that the man
was a hunter, but nothing has been
found that would give a clue to his
Identity.
DEDICATE TABERNACLE TODAY
Mormons of Union Stake Gather
2000 Strong for the Ceremonies.
LA GRANDE. Or.. June 15. (Spe
cial.) The annual conference of the
Union Stake of the Mormon- Church be
gan here this morning, with 000 mem
bers In attendance. The sessions are
held In the new tabernacle, the largest
outside of Salt Lake City. This will
Copyright 1907 by
Hart Schafiher fjf Marx
Special Values in BoysV Suits
(SEE DISPLAY IN MORRISON-STREET WINDOW)
BOYS' SUITS, Ages 3 to 16 Years
$4.00 to $5.00 Values, This Sale at
Saml
be dedicated tomorrow (Sunday) after
noon with impressive ceremonies.
President Joseph F. Smith, head of the
church, will deliver the dedicatory
prayer. To President Anthon H. Lund
is left the duty of pronouncing the
benediction. The tabernacle, which
has a seating- capacity of 22D0, was
filled to overflowing tonight at the
ooncert given by the talent in the
local church membership, assisted by
Lizzie L. Edward and John Robinson,
soloists, from S.alt Lake. '
Five Prisoners for Salem.
LA GRANDE, Or., June 15. (Spe
cial.) Sheriff Childers leaves La
Grande tonight for Salem with five
prisoners They are Frank Reynolds,
John Travers, Gus Mage Ho and John
Nerrester, sentenced to two years each
for breaking into and stealing from a
box car. The other is Tate. He is sen
tenced to seven years for burglary.
Tate refused a commutation of sen
tence rather than tell where the stolen
It stands to reason that ve can afford to sell on a smaller margin of profit,'
since the Ladies' Ready-to-Wear Department occupies a very small part and
is a small item in the expense attached to conducting this immense establish
ment. "We are content with small profits and shall continue to quote such
rich, snappy bargains that business will be fairly forced to come our way,
despite the fierce competition in this line. There is no reason why every lady
in Portland should not avail herself of our credit system.
Shirtwaist Suit Special for Monday
.You'll not find anything in Portland's stores tomorrow quite the equal of
these. They are all bargains, and the wide range in price ought to reach the
wants of hundreds of customers. They are all well made, of good materials,
and right up to the moment in style.
SUMMER SHIRTWAIST SUITS In
fancy polka-dots, all colors; worth
$3.50; special JO QC
Monday..-.. PA..7J
WHITE SHIRTWAIST SUITS In In
dia Linon, beautifully trimmed, waist
and skirt,-with handsome "Val. laces;
worth $9.00; special JC QC
Monday p0.i7i
Gevurt
Corner First and Yamhill
Hart Sciiaffner 6 Marx
QUALITY
One thing we distinctly aim at in this
business is that every man who knows
us or who reads our ads shall get the
idea that this is the store for quality in
clothes.
"We'd a good deal rather be known as
the right place for good stuff than as a
place where you get low prices.
It's easy to quote prices, but its what the
prices buy that counts and that's where
we come in.
SPRING AND SUMMER
SUITS
$12.50 to $35
$3.00
osenblatt
Cor. Third and Morrison
property, a watch and other jewelry.
Is located.
His Bride Coming From Germany.
ABERDEEN", Wash., June 15. An
nouncement is made today of the ap
proaching marriage of N. G. Kaufman,
one of the oldest and best known pio
neers of Gray's Harbor. Mr. Kaufman's
bride Is Miss Gustel Welsbert. who will
come from Germany to meet her in
tended husband. The marriage will
take place In New York, a rabbi pre
siding. MiBs Welsbert is highly ac
complished and young. The bridegroom
is possessed of a large fortune.
Carlotta G. Cox Ordered to Victoria.
VICTORIA. B. C, June 16. The
steam sealing schooner Carlotta G.
Cox, that was seized by the United
States revenue cutter Rush, on May 25,
arrived here today. The schooner was
turned over to Captain Hackett. of the
Canadian Government steamr Quadra.
Ladies, Open an
Account With Gevurtz'
We Sell on Credit for Less
Than Others do for Cash
Lingerie Shirt
waist Suits, lace
trimmed, $5.50;
special Monday,
$4.45
6 Co.
Streets
at Port Simpson, -where she was towed
by the Rush, which broke a crank
shaft and was unable to procsed
further.
The Carlotta G. Co was ordered to
Victoria for trial in the Admiralty
Court by Captain Hackett. Captain
Christian, master of the schooner, holds
the seizure to be unjustified. He states
that when taken he was on his way to
Copper Islands and had no skins on
board but those taken before the be
ginning of May off the British Colum
bia coast.
SHU Feels a Tracey Bullet.
LA GRANDE. Or., June 15.-(pe-clal.)
Jack Williams, wounded by the
outlaw Tracey, arrived In La Grande
last night on his way from Colorado,
where he had been for his health, to
Seattle. He was ill when the train
pulled into this city and Williams went
to the hospital. His wife Is expected
from Seattle tonlglv
WHITE INDIA LINON SHIRTWAIST
SUITS Marie Antoinette styles;
worth $6.50; special " 95
Monday Y
LINGERIE SHIRTWAISTS, ralue
.......$2.75-
i.T!!-. $3.25
ons
Corner Second and Yamhill