Show I BANKS ASK REDUCTIONS PETITIONS OF MCOHNICK COT S S CO-T I JONES CO I They Ask That Their Assessments I Be Reduced 30 Per Cent nsi Cases V I of National Banks S W S McCornlck Co and TR Jones Co bal er made application yesterday to the County Board of Equalization for a reduction of 30 percent per-cent in their assessments The assessments assess-ments ar based on the capital stock of the banks and undivided profits and the applicants urged that aa reduction duction of 30 per cent is made on the assessments of national banks computed com-puted on the same basis they were entitled en-titled toa similar abatement The position posi-tion of the Assessor is that in the cases lon of national banks he can ascertain exactly the amount of the IndividualS individual-S profits whereas with private Institutions of knowing what tions ho has no way Jcowlng the profits waY except from such Information as they choose to give him The profits he contends are generally he receives minimized In such returns as he ceives whereas the national banks are assessed at tho full amount and to equalize matters a deduction of 30 percent per-cent Is made jn favor of the national banks McCornick Co are assessed this year at 2GSJ00 and T P Jones Co at 77000 Bonks generally are assessed as-sessed this year at from 15 to 20 PQr cent higher than last year The board postponed consideration of the petitions peti-tions until tomorrow S The board had also under consideration considera-tion yesterday aotltlons for a general deduction of 2 per cent In tho asscfcs I meaL of property In the southwestern part of the city Last year the assessments assess-ments on propcrjy in that part of the city were raised l 20 per cent chiefly It Is don account of tho prospect ota r ot-a union depot being built on Pioneer square and the same valuations were maintained this year The present Board of Equalization however seems I S to incline to the view that it is hardly fair to assess property at a prospective valuation and the Indications arc that S the reduction will be made but final disposition of the matter went over S till tomorrow to allow moro compjete informalon regarding the exact location loca-tion of the property of which the valuation was increased The board In making comparisons of assessments fInd lhn east of Main street the valuations arc lower than those on the w < at side and the investigation inves-tigation will be followed up wlthn view of making D general raise on eastside S east-side property so as to equalize things S Tho board yesterday made abatements < follows On Improvements William Vlcr 100 Martin Hanson 100 Frition Investment Co 5 Sarah WhcelhouKO 100 S Total SOO S On mortgages S morlsases Josiah Barnctt lBOO Josiah Darnott 10000 Josiah Dar ctt 10850 Josiah Barnett 210 Consolidated Implement Co 3S5 Consoldated implement Co 110 Consolidated Implement Co 1817 Consolidated Implement Co 317 S Consolidated Implement Co 23t Consolidated Implement Co 11 l2 Consolidated Implement Co 110 Coiibolldated Implement Co JW Consolidated Implement Co 990 Josiah Burnett 2o0 Joglnir Barnctt 70 Toslah Burnett 10000 I Minnie Lockwltz i 310 TJiomas Green nnd M A Birch GOO I Mary A B Lloyd UW > Totar O On personal property I I Shelton Hanson o 0 5 tfM I Ernest Qunylo 120 Orl t I HanilUonG Park 100 JIan1Htol AV A Nuodhnm S 200 Nu Hannah Phillips J r I Sarah Whoolliouso 2 Julia Mcrnddcn k EW Juln llcJldoel Ann Miller o 9j Jln fbarlos Culvert r 1 harl fI Whiting S M S S t I a Total V5 2790 I The total abatements on assessments amounted to 53078 Abatements of taxes under indigent S lai f S Eliza C Broadbent 10 Ellen M I White lOEHzC Drake 10 Chrlstena Jensen 750 Ann Miller 10 P E Hanson 10Mar E Mldgley SlOt Martha Ellis S10 Mary E Sharp 10 Total 8750 The board adjourned until Saturday morning |