Page 1 of 14 Oct 1911 Issue of Ironwood News Record in Ironwood, Michigan

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Ironwood News Record (Newspaper) - October 14, 1911, Ironwood, Michigan I Ironwood news record volume 26 number 33 Ironwood go Gebic county Michigan saturday october 14 1911 per year in Advance today Good things fancy Pink meat melons Tokay and Concord grapes Canning fancy Blue plums celery egg Plant Green and Ripe tomatoes peppers Jersey Sweet potatoes i Sullivan Koumbes m s attention if to to to to to to to to to to has it Ever occurred tour Obj that m p Mccabe druggists carry a Large Kne of tooth brushes pastes powders and wastes night Calls Given prompt attention phone 396j Ironwood Mich where is the Money to come from that is to provide the necessities and com forts of life old age will Call for if you spend All your earning today would it not Bra Wise for you to have a snug amount to your credit with our savings department not Only for old agcy but for the immediate future should your income suddenly Stop 3 per cent interest allowed on All savings Accident and health insurance ask to see Liberal policies issued by the Maryland casualty co and its record for prompt payment of Cairns policies issued to All classes at reasonable rates All other branches of insurance h m ii three doom from mines assessed state tax commission raises Rogeb county mines five and on half times the state tax commission hasp Lac de a value of on the Minin properties of go Gebic county Thi does not include the personal propert of the companies which amounts to about additional the tax commission in compiling its estimates of the county last Summe and Spring placed a value of on All property of the county this in eluding inlays appraisal of the mine at and for Al other property in go Gebic county the state Board of equalization reduced these figures about thirty be cent placing the value of the count at hence it will be see that the tax commission in its re View of the mine assessments has clipped from the original Finlay estimate practically the same Amoun that the state Board of equalization did the hearing before the state tax commission was held at Bessemer Las Friday the sessions closing in the evening commissioner r h shield of Houghton presided and was assisted in the hearings by or Leith o the University of Wisconsin who helped Finlay in the appraisal of the mines representatives of All the mining companies in the county Wen heard and an Opportunity Given others 0 express their views the assess ments reviewed were those of the mining companies operating in Iron Wood and Bessemer cities Erwin Bessemer and Wakefield townships at the conclusion of the hearings it was announced that the tax commis Sion would take the assessment Rolls to Marquette and when the hearing ended in that City on saturday any changes found necessary would be made and the Rolls returned to Besse Mer on monday they arrived Mon Day afternoon by special messenger the assessed valuations and the valuations fixed by the state tax commis Sion on All the mines of go Gebic county Are As follows fixed by ass scissor fixed by tax com Norrie and North sunday Iron Geneva and Blue As has been stated the above Fig ures do not include the personal assessments of the companies amount no to in Ironwood City and a Little Over million dollars for the entire county in order that news record readers May know what has happened in the other Iron counties of the upper pen insula the following table is publish id showing the tax commissions figures for the counties named and lie present assessed valuations of their mining properties fixed by fixed by assessors tax com Marquette county so Gebic ton Dickinson county in the City of Ironwood the total mine assessments foot up to 587 which includes on mine personal property and on mine reality the assessed valuation of the no mining property in Iron Wood is statement of commissioner Shields tax commissioner r h Shields who conducted the reviews makes the following comment on the work done when the report of j r Finlay who was engaged to make an expert appraisal of jibe mines of the state was completed and filed with the state Board of equalization requests were made from various quarters that our Board hold reviews to Correct so far As might be possible the inequalities that existed in the counties it has taken every minute of our Tiofio even with the figures submitted by or Finlay in our Possession to prepare for and hold these reviews Between the Date of the state Board of equalization mooting August 21st and the meeting of the county boards of equalization monday so that it was plainly impossible to hold general re views at the reviews held during the past week there appeared representatives from practically All the mining companies in the District and a general invitation was extended to any and All persons interested directly or indirectly to appear and offer any information they might possess bearing on the situation As a result of the weeks review of the situation the commission decided to substantially adhere to the Finlay report As a basis of valuation and assessment the valuation of the properties re viewed in the four counties has been fixed at As compared with the present assessed valuation of considerable differences in opinion were developed among the mining men themselves As to How far the Finlay report represented the True valuation of the Michigan Iron mines but All argued for at least some reduction of the Finlay valuations there was no essential disagree ment on the proposition that the Fin valuation of the Iron mines of Michigan As a whole or of the several districts As a whole is not excessive but when it comes to distributing this value specifically among the mines it involves Assumption As to the Exten Sions and life of the individual mines which might not be justified in the individual cases to illustrate the sum of the values of Twentyfive mines comprising a District is probably Short of the total value of the District be cause of the Large probability of Exten Sions of Ore beyond the present mines and because the future deficiency of one mine will be compensated by sex sess in another the most vigorous discussions therefore waged around the tonnage estimates and expectation of life of individual properties a considerable number of companies made no protest along this line excepting the a Praia is estimate others made claims for urge reductions or Finlay Antici lated this in his report when he said hat the Range or error lies in the Mere Extension of life that i have adopted As reasonable beyond what is plainly the tonnage estimates adopted by the commission in his assessment represent a reduction Ron those in the Finlay report and re meant to cover a Largo part of this Ange of possible error in other cards the commission has taken off in greater part of the tonnage Assum d for the future by or Finlay Over and above that originally estimated by r c k Leith As being either devel Ped or immediately probable Ore and in turn averaged about 30 per out in excess of those furnished by 16 companies themselves the valuations based on these re used estimates of tonnage wore rodul1 d by a reasonable is Largin of safety to cover future Condi on which May fall Short of the Romise based on past performance of 10 mines such for instance As lower no of the Grade of Ore increased Cost mining lower Selling Price of Ore and especially increased taxes it being mainly evident that an increased As Esmont will result in increased taxes consequently greater Cost and less profit and a lower valuation of the property most of the mining companies have Cee Ted the method of appraisal used y or Finlay the reduction of ton age estimates would seem to eliminate he principal objection of the mining Ompa Nios the further reduction As margin of safety against future Haz ads eliminates Many of the objections the detailed figures used by or inlay in calculating the future per Ermance of the mines the not result a fair Cash valuation which the com Mission regards As established beyond Erious question or c k Leith who assisted or inlay in his recent appraisal was in aged by the commission for these views and i wish to acknowledge the Ery valuable assistance he renders w g Mathers address before the tax commission saturday t Marquette w g Mather president f the Cleveland Cliffs Iron company resented the general objection of Michigan Iron mining companies o the adoption of the Finlay report s the basis of fixing mining assess ments in what All of the mining men resent declared to be one of the Blest discussions of the subject they and heard or Mathers address was s follows or commissioner a few observe on have occurred to me with respect o this matter which Are based upon in instrument which i find filed Here in determining the fair tax valuation these properties i have nothing o say with reference to specific in Tances As mentioned by these gentle continued on Page popular priced millinery we keep right up to front in newest and Best ideas in this department Davis Fehr 4k 4k 4k 4k in in 4k in in in pc in 4k in in 4k blood remedy you cannot enjoy perfect health unless the blood is pure to be pure it must be full of nourishment Richrod in color and circulating freely when the blood ceases to Supply Nutriment to the surrounding tissues you soon become anaemic tired out with no ambition for your daily duties a d s blood mixture american drug Syndicate is a most satisfactory treatment it cleanses the blood of All impurities stirs up the circulation to renewed activity and supplies nourishment to the body tissues we recommend this remedy 234 Moleod Avenue Oscar nordl1ng prop City Iron works Hurley Wisconsin under Iron and brass castings Wade to order repairs on kinds of engines and machinery also stove castings dealers in Franklin air cooled cars and Otic hits Automo bile Gas i Lugines repairs a specially automobile supplies in Stock Prout lessees Tib Best i in meats there is a lot of satisfaction in knowing that when you place an order for meats you Are going to receive the very Best skilfully Cut and promptly delivered a trial order will convince you that we furnish you this us Swanson Bast Munsod ave phone 23 j

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