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Show H VALUING PROPERTY FOR TAXATION. M The total valuation of corporations coming under the jurisdie- M tion of the state board of equalization for assessment purposes is H placed at $45,477,S07, an increase of a little over $3,100,000 in the H last twelve months. H The list includes all the railroads of the state, including street M railways, the lighting companies, telephone companies, express com- H panics and public utilities. The increase in assessed valuation is at a ratio equal to that of other property values, and yet the value given is far below tho M law's requirement of actual valuation. But the board of equaliza- M tion is not to be held responsible for this as custom has made the law in part obsolete. There is no property in the stale of Utah H assessed at even approximately its cash value. The state board of equalization assessments for this year as H compared with 1910 follow:" H 1911. 1910. H Denver & ttio Grande Ky. Co $ 9.677,039 $ 9,417,609 M San Pedro. Los Angeles & Salt Lake Ry. . 5,507,142 5,173,240 M Central Pacific Railroad company 4,746,563 4,498,723 M Oregon Short Line railroad 4,258,757 3,883,475 H Union Pacific Railroad compauj' J ,785,616 1,584,331 M Western Pacific Railroad company 1,450,316 1,241.211 M Salt Lake & Ogden Railroad company. , . 531,748 300,756 H Echo & Park City Railroad company 27S,090 277,8S5 H Ogden Rapid Transit company 242,034 Castle Valley Railroad company 143.225 M Eureka Hill Railroad company 63,058 77.16S H Salt Lake & Mercur railroad 49,624 44.424 H Utah Light & Railway company 2,829,116 2,476,916 H Telluride Power company .' , 737,393 705,267 H Utah-Idaho Sugar company ; , 244,531 244,531 H Knight Power company' 139,025 H lTtah County Light & Power company. 135,631 101,37S H Wells Fargo Express company 5.4,260 110,084 H American Express company 54,260 H Globe Express company 3,560 M Western Union Telegraph company , 309,543 2S7.523 M Postal Telegraph Cable company 33,050 13,924 H Rocky fountain Bell Telephone company 1,126,484 1,130,483 H Utah Independent Telephone company. .. 419,786 406,599 H Home Telephone company . 34,335 M Eastern Utah Telephone company 11,983 11,204 H Uintah Telephone company 9,399 7,496 H Garfield Co. Telegraph & Telephone Co.., . 4,6S7 4,527 Hj La Sal Telephone & Electric company. . . ' " 4,108 H Iron County Telephone company 3,723 3,099 H ililard County Telephone company 3,638 3,521 H Southeni Utah Telephone company 3,045 2,66S H Private car companies 370.511 362.655 B Mining Companies 3,739,997 3,153,263 H Net proceeds, mines '. 6,425.588 6,469,245 M Total. $45,477,S07 $42,324,922 H I Some day Utah will follow the example of Idaho and assess alL H property at its real value. AYhen that day comes, the foregoing list HJ will be doubled or trebled. |