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land was killed by falling from the third floor.- Pinneo has been living in Dimond, Alameda County. , He was formerly em ployed as a cracker baker In Denver. His age was about 45 years. Dr.: George c. Pinneo of Diamond City, father of the dead : man, arrived in the city yesterday afternoon. Pinneo was aub lect to eDlleotic fits." GEORGE PINNEO fell through an elevator shaft in the works of the Standard Biscuit Company, <• at Front and Pacific streets,, yester day. He died soon after from the injuries received. The story given out at the works was that Pinneo had a fit while he stood . on the elevator and was about to descend. He fell backward and his head struck heavily on the floor of the elevator, which was at that time about a foot below the level of the third floor, and stationary. Several employes, seeing Plnneo's mishap, ran to raise the elevator to the le.vel of the floor. Some one pulled on the elevator rope that caused It to descend. The in tention was undoubtedly to have the ele vator rise, but in the confusion the oppo site direction was given. As the elevator dropped Pinnoo, who had been tossing about in his fit, no longer held in, fell three stories to the cement* basement. Pinneo was picked up unconscious and carried to the Receiving Hospital, and there he died. The Coroner will investi gate. This is the second elevator accident that has taken place In the biscuit com pany's works this year. Bernlce McClel- ADVERTISEMENTS. We have just opened a veru large shiDment of NEW, PLAIN AND PRINTED ART DENIMS, suitable for draperies for seaside and countru homes. These goods are all full 36 inches wide and are in the veru latest designs and colorings. We have also received a veru large variety of .PLAIN AND PRINTED SILKOLINES, extra rjualitu, new patterns and latest shades, and all full uard wide. This week we will also show a complete assortment of 50-INCH TAPESTRIES, 27-INCH PRINTED VELOURS and CURTAIN MUSLINS In 36, 40, 45 and 50 inches in width, NOTE.... Our Mail Order Department is most complete. Samples of above goods sent to anu address. Our store will be closed Tuesdau, Mau Ist, all dau. * 111, 113, 115, 117, 119, 121 POST STREET. Ush pond. Mr. Corrigan. Hearst Grammar, Eandwicaes, etc.. Mrs. Wood. Horace Mann Grammar. Individual lunch eons, Miss Burnham. Horace Mann Grammar, milk, buttermilk, etc.. Miss Hurnham. Horace i:ann Grammar, May pole. Miss An derson. Horace Mann Grammar, bicycles checked at entrance. Miss Burnham. ¦ I..'uuna Honda, pavilion management, Mrs. O'Neal. Le C'onte Primary, crackers and fish pond. Miss Griffiths. I»ngfellow, pop corn. Miss J. Smith. Pacific Heights, general refreshments. Miss A. M. Stineen. Polythechnic High School, games on the cam pus, W. JC. Bush. Redding Primary, candy. Miss Deane. , Sherman Primary, donkeys, Filipino buffa loes. Miss Hurley. Stanford Primary, badges. Mrs. -Lyon; Sutro Primary, hat checks. Miss Magner. Washington Grammar, gates to entrance, T. 11. McCarthy. Whittier Primary, peanuts. Miss E. E. Stin een. Whlttier Primary, games. Miss E. E. Stln cen. ; Sun ray stereotitleon In octagon office, Mr. and Mrs. J. M. Hutchlngs. The best thing about it all Is that the large sum of money that will -be made will be devoted to a most worthy object that of providing maintenance for those who have spent their years Instructing and elevating the minds of the young. ADVERTISEMENTS. KILLED BY A FALL DOWN ELEVATOR SHAFT Trapper's Oil cures rheumatism and neuralgia. Druggists, 50c flask. Richards & Co., 406 Clay. HIBERNIANS ENJOY A PLEASANT REUNION There was a reunion of all the local di visions of the Ancient Order of Hiber nians in Teutonia Hall last night to. enjoy a smoker. Frank Conklfti, the master of ceremonies, welcomed all to the feast, after which he called on a number of members prominent in the order to make addresses and on others for songs, recita tions and specialties. The speakers were J. J. Donohue. county president; Judge M. Cooney. for Division No. 2; J. J. Moran, No. S; John Coughlan.No. 10; J. P. Devine, No. 12; John P. Henry, No. 14; M. Dunne, No. 17. and John O'Neil. for No. 20. Those who furnished the musical and literary portion of the programme were: C. B. Flannagan, T. w. Hlckey, John Heenan, Charles A. Swrlgert, George Lowe, Mar low. Kelly and Hansen, M. A. McEvoy, H. M. Cullcnden, Perrin and Desier and Peter Greenan. The entertainment closed with the singing of "God Save Ireland." by Eugene D. Sullivan, the five hundred in the audience joining In the chorus. During the evening genuine T. D. pipes were passed around for all who wished to enjoy a smoke. There was also a collation and refreshments. C and D, who each put In $10,000 for their stock, making $40,000 paid-in capital, which pays each man 12H per cent dividends on the same business. Now, as a corporation shall we tax only the $10,000 of merchandise? If so. $30,000 (the money of B, C and D) has bren wiped out of existence as property for tax ation. This would be contrary to law and Jus tice. Under our laws governing taxation we should tax the corporation for a franchise of $30,000, then the capital or money of B. C and D Js taxed, and they pay the taxes through receiving a smaller dividend. 11 Instead of 12/2 per cent. Is any one injured by this? The Assessors have It in their power in this war to modify somewhat the evils of excessive capitalization, and to control to some extent the ever growing trusts, and exact from them some adequate tribute. It Is along these lines that I shall endeavor during the next few years to equalize taxation. Until personal property of all classes Is more Justly assessed, I shall endeavor not to add anything to the burden of taxation which real estate Is now bearing. "WASHINGTON DODGE. necessity of contributing its quota to the ex penses of running our government. This Is well illustrated in the case of a cer tain millionaire, who, owning no real estate, is the possessor of personal property to al most a million dollars. His taxable property, revealed after an examination under oath, was last year only $10,000. This amount he had In vested in bonds, which were then taxed for the first time. This year, making no return to the Assessor, he explained, on being sub poenaed to testify, that It did not pay him to be taxed on bonds, so he had sold them since lai=t year and invented the proceeds In the stock of the Alaska Packers' Association, which, he Faid triumphantly, "you know you cannot tax; It is a California corporation." So he exi>ects to draw his dividends -while his money, <>r the property representing it, goes practically untaxed. His wealth is practlcally a!l invested In United States bonds, which are exempt from taxation, and Ftock of California corporations. There is but one way to reach him, namely, tax the franchise to the corpora tion, and the tax thereon will fall on him and com* out of the dividends paid on his stock. Now, I propose to reach the capital of this class as far as possible and let It bear its share of taxation. There are many corpora tions similar to the one Instanced which should be taxed tnr franchises for the same reasons. Thus the California Fruit Packers' Associa tion has stock having a paid-up value of $2. 773.500, on which regular dividends are paid. Its total aeseFsed valuation in this State In all counties where It pays taxes is $355,544; this would leave Its franchise worth $1,309,756 If we aFsfRS It for only 63 per cent of Its paid up capital. This assessment will be made. The California Powder Company has stock of an actual paid-up value of $1,500,000, having a market value of $2,250,000. It pays taxes in all the counties of the State where It Is as sessed on a valuation of $554, 594. Its franchise, therefore, is assessed low at a valuation of $695,100. We must either do this or allow the millions of money actually invested In this enterprise, and which are earning a greater Interest than most Improved real estate earns, go practically untaxed. This our revenue lews never contemplated, and. therefore, I shall assess its franchise as Indicated. One more example. The Pacific Borax Com pany has a paid up capital of . $1,900,000, its market value is $2.550.000. Its total assessment in California Is $211, 454, in Nevada and Oregon $19,570. For thin, it being without, the State, it Is entitled, according to our laws to no deduction. This makes a total of $231,054 as sessed valuation. Assessing its stock then at 60 per cent of its market value, we must value its franchise at $1,478,948. These are a few only of the many great cor porations vrhich have In the past escaped a proper and reasonable assessment. I Let it not be thought that because they are taxed for a "franchise" that they Rre regarded as having an "exclusive right" or that the franchise In Itself is valuable. It is taxed be cause under our revenue laws It Is property. ; represented by the capital stock, which would otherwise escape taxation were the franchise to remain untaxed, for, under the California laws, we can only assess the tangible property at its actual cash value. The same object is attained In some other States through the law permitting the tangible property to be assessed fur in excess of its intrinsic value. Thus Ohio permits the Assessor to value a telephone box at a value of $200, though Its cost Is but $5, on the ground of Its earning capacity. Our law does not permit this as stated, but attains the Fame end by assessing the franchise as In dicated, and the Supreme Court has clearly In dicated that the full cash value of a franchise Is obtained when from the market value of the capital stock we deduct the value of the tangible property cf the corporation. When this Is done, the capital stock of the corpora tion Is practically assessed. If it Is not done, the capital stock, or the money Invested In it, escapes to a great extent from taxation. We assess franchises, therefore. In order that the corporation may be compelled to pay taxes on an amount bearing: some relation to the market value of its capital stock. This is recog nized as Just by law, and in most States is made imperative by levying an assessment on the capital stock direct. This Is clearly Just and reasonable, and may be made clear by this Illustration. A has a business in which he has Invested $10,000 capital In merchandise. It is a very profitable business and nets him $5000 a year for 50 per cent) profits, but he Is only taxed for the $10,000 which he has Invested. Seelnp a chance to capltalli* his profitable business, he forms a corporation, taking In B, THE army of school teachers of San Francisco is still hard at work on the preparations for their great cel ebration and festival to be held Tuesday next, Mayday, at Glen Park. If success brings happiness, and it will in this case, there will be a joyful band of teachers at the resort named on this memorable day, for it seems as if half the people of San P'rancisco were going to at tend this festival. Of course, that num ber will not attend it, but there will be one of the largest crowds ever seen at a resort contiguous to the city. There is more talk about the Teachers' •Annuity Society benefit than any other local event just at present. How those teachers have worked, too! Not a detail has been overlooked, and cer tainly thore are enough details in the ar rangements for such a tremendous cele bration. There are so many things to be looked after that no one can be i<ile who has anyihlng to do with the arrange ments. How well the committees have done the work will be demonstrated by the success of the celebration, and that eucceps is well assured. Those who attend will go away wondering that so many fea tures could be crowded into one gala day. The children are working, too, and with a will. Every day there are rehearsals, and the pupils will be perfect in the parts and drills they are to take part in when Tuesday comes. School Children Rehearsing for Mayday Exercises at Glen Park. | There will be booths of all kinds, a reg- I ular Midway Plaisance of entertaining I novelties, where visitors can get enough ! tun to keep them in a pleasant mood for i months. Following is a list of the booths ' and the managers, as prepared from the I official programme: Adams Cosmopolitan, shooting gallery. Miss ¦ McColjan. Bernal Primary, fruit, sandwiches, etc., Miss i Keating- I Clement Grammar, Japanese tea garden. Miss I Callahan. t Cooper Primary, games, Mme. Pechin. Denman Grammar, candy, sandwiches, grab : bag. Miss Smith. Dudley Stone, Japanese tea. garden. Miss j Earl. Emerson Primary, popcorn. Miss Wilson. Franklin Grammar, phonograph. Miss Clas j sen. Entrance to pavilion. Mr. Faulkner. Girls* High School, rake. Miss Hunt. 1 Golden Gate Primary, peanuts. Miss Falr j child. Mothers' Club, grab bas, Mif=s Fairchild. Mothers' Club, cold drinks. Mlsa Fairrhll"!. Hai^ht Primary, scientific palmistry, Mrs. Green. Hamilton Grammar, cake and lemonade, j Misses Morton and Strauss. Hancock Grammar, ice cream, soda, clam j juice, tamales, sandwiches, hot soups, etc., Miss Coleman. Harrison Primary, salads, Ice cream and ! chocolate. Miss McElroy. ' Fortune telling, Miss MeElroy. ! Hawthorne, salads. Ice cream and chocolate, Mrs. Mann. TEACHERS' GALA DAY WILL BE A MOST MEMORABLE ONE Captain Hart of the Warren Too Sick to Take His Vessel Out. Many Changes of Officers in the Transport Service — More Ves sels on the Way Here From New York. t The United States army transport War ren will sail for Manila on Mayday. The cargo is now being rushed aboard and Captain Dunn expects to have everything in the shape of supplies and quartermas ter's stores in the vessel on Monday morn ing. The Warren will take away the largest consignment of troops that has left here in months. Many officers whose sick leaves have expired are going back on her, a lot of men for the hospital corps and about 600 recruits will about take up all the passenger accommodation the good ship possesses. A stop will be made at Honolulu and the men given a run ashore, as the plague scare is now over. From there the transport will go direct to Ma nila. » Among the cabin passengers who will sail on the Warren will be Major Charles L.. Heizman surgeon, IJ. S. A.; Major Kd win F. Gardner, surgeon, U. S. A.; Major F. J. Combe, surgeon, U. S. V.; First Lieutenant G. A. Skinner, assistant sur geon U. S. A.; First Lieutenant Benjamin J. Edgaj\ assistant surgeon, U. S. A.; act ing Assistant Surgeons Frank R. Maura and Albert L. Millen; First Lieutenant Carl R. Darnall, assistant surgeon, U. S. A., and acting Assistant Surgeon Randall C. Stoney. Seventy-five hospital corps men will make up the medical force. The Warren will go out with almost a new set of officers. Captain Hart is on the sick list and will remain ashore for a few weeks. When chief officer of the Mar iposa he was thrown off the bridge and had several of his ribs broken. This was while the mail steamer was on her way to Australia. When Sydney, N. S. \V., was reached Captain Hurt was sent to a hospital. His wife was at that time one of the visitors to the hospital and in that way she and her husband became ac quainted. After the Mariposa completed another round trip the jovial master mari ner became a benedict and brought his wife to San Francisco. When the Gov ernment purchased the Scandla and re named her the AVarren Hart was made captain. AVhen the Warren reached San Francis co on her last trip Captain Hart was not a well man, but he held out aa long as possible, but finally had to go to St. Luke's Hospital. There it was found that the ribs broken on the Mariposa in a gale were causing all the trouble. An operation had to be performed and a growth on the bones scraped off. The captain has been out and about since, but gathers strength slowly. He will take command of the transport Sheridan and Captain Pierce of that vessel will go out as master of the Warren. The Sheridan will be in port for a couple of months. Chief Officer Fred E. Magune of the Warren is now master of the Lawton. The second and third officers of the War ren have taken a step upward in conse quence. Purser Bucklln left the Warren yesterday and is now purser of the Nome steamer C. D. Lane (Irrawaddy). His place has been taken by R. Center, for merly Quartermaster Miles' clerk. The Warren's freight clerk has gone to the. Lawton as purser. A number of other changes makes almost a new crew list for the Warren. The cabin passengers of the transport Sherman were landed yesterday. The sol diers and sick will be put ashore at the Presidio this afternoon at 1 o'clock. The battalion of the Fourteenth Infantry that is aboard contains a great number of California boys. They are to be given a welcome home. A tug carrying a band and a number of prominent Na tive Sons will go to the transport as soon as she Is released from quarantine and will convoy her to the Presidio. Patriotic airs will be played and the boys will be given a royal welcome. WTien they land on Presidio wharf a cavalry escort will meet them and accompany them to their quarters. The transport fleet is to be increased by three fine vessels. The Kllpatrick, Buford and Macpherson are now on their way to Manila via Suez. They will come here from the Philippines to be fitted out and will run regularly between San Francisco and Manila. The tug Slocum is also on her way here from New York via Suez. On her arrival she will replace the char tered tug Fearless. Water Front Notes. The schooner Marlon has been sold to H. ASSESSMENT OF FRANCHISES TO RAISE REVENUE First Tax Roll Under the New Charter of the City. Alaska Packers' Association and Other Rich Corporations Receive Uotice of an Increase in Valuation. Taxpayers are manifesting much inter est in the tax roll for the coming year, the first under the new charter. There are apprehensions that the new govern ment will be more expensive than the old an<J fears are expressed tha.t the burden of increase will fall on real estate. In this connection Assessor Washington Dodge makes the following statement over his own signature: If it become* necessary to increase the tax roll over iZTo.OOO.OOO, the amount on which this year's revenue was collected, real estate thail not be made to bear the extra burden. I fhall continue my efforts to make personal property b«ar more of the burden of taxation. This I hop« to do by assessing property of this class which has heretofore escaped taxa tion- Heal estate will only be raised, if at all. Ir> those lew localities where it may be foun-1 to I** assessed below the uniform basi£ of valuation prevailing in other j.arts of the city. The greatest gains this year, «ts >v«i the ca*e last year, are expected to be made in the as- ECEsnient of franchises. I.*Et year. It will be remembered, J15.000,000 was added to the asse«£ment of franchises of the quasi public corporation?. The law. how ever, makes no distinction between the method <:t asbtsKing the franchise of a quasi public corporation and that of any other corporation. It becomes necessary under the peculiar tax system cf this State to tax franchisee gen erally, or millions of p^rs^nal property would escape taxation. This condition arises from the statutory exemption of the stock of Cali fornia corporations irom assessment. The mar ket value of the stock represents the value of the property of the corporation, tangible and intangible, end this stock itself is taxed, in m<*t States, at its par or at its market value. The constitution of our State says all stock ?hall be assessed; but the Supreme Court in ex^mptinp -specifically the stock of California corporaxtMH said that the property of the cor poration, "Including its franchise," being fu!!y taxed, to then tax the stock, which represents this, would t>e double taxation, and hence un constitutional. But exempting the stock from taxation we must clearly tax the tangible prop erty of the corporation and Its franchise at such a figure as would represent the value of its stock or a lair proportion of the same. If »c do not we haye — worse than double taxa tion — no taxation at all practically. L«t m« Illustrate. The Alaska Packers' Association 1c a very wealthy corporation. It he* a capital Ftock raid in to tne amount of IS, 120.000, on which it pays annual dividend* of about 13 per cent. ItH etock is sold on the open market above par. and 1b toug*t as an investment, it being a good dlvi dt-nd-paylr.K Ftock. ty_mor.eyed capitalifte. In tnaiv other States tro .stock itself would be taxei. aodinff millions to the tax roll. H<"re we cannot tax the Ftock. v it It t California • orroration. but we are supposed to tax what the stock represents fully. l>o we? The total assessment irf thlF corporation in San Fran ois'-o. the home of the corporation, has been rt-tumea by It to the Assessor this year for J4SOI with a written protect apainst having i-nme of its cthf-r property In San Francisco as- r ,^ sm l. in addition it pays taxes on vessels *Fs«"f=sed at $116,000. making its total assessment J120.000. The rest of its property which the stock T-;. inserts ha* all escaped taxation. In other words, it p&jm tsxes on about one twenty-sixth p«1 of the actual amount of money invested in the enterprise, and on lee* than one fortieth r,f the market value of its stock. Why should the ;;{ con tr<Q of coin invested in this very profitable »i;!.-rprise be practically free from taxation? If it v.<*re not rr> Invested it would probably pay taxes throuEii beirp Invented in some other fi.vjgn probably less profitable enterprise. How. then, shall we tax it? Under our law, 1n nnly one way. By assessing its franchise for the difference between the value of its stork and th» value of the tans'Me prcperty on which tt pays; taxes. This would rais«> its franchise val naXtoo for aswesisment from VWiO to o^-er J2,00r«, 008 and this year its franchise will be so ae f.^sed. Now, who raj's this tax on the fran <h!-"? Tn-.y. the caj)ita;ist who invested his money in the ftock. He in r<»ality pays the tax through the reduced dividends which he would receive. Our law never oontemplatefl that the property of any corporation should es c?i* taxation in the manner this property has. If the franchise is not assessed the «=tock of such corporations furnishes a ready method of investing money where it is placed beyond the THE SAN FRANCISCO CALL, SUNDAY, APRIL 29. 1900. And filled absolutely without pain by our late scientific method, applied to « the pins. Absolutely painless, no sleep-producing- agents or cocaine. These are the only dental parlors In San Francisco that have the patented appli- ances and Ingredients to extract, fill or apply gold crowns and porcelain' 4 crowns, undetectable from natural teeth, and warranted for ten years, with- \ out the least pain. We Will Fit Yon Where All Others Have Failed. B— <'l JI . NO PLATES ff|§S|^^ SET Ea^^m| NEW YORK 7 723 Market Street, San Francisco (MISTORT BUILDING). FOURTH AND MORRISON STREETS - -' - — - PORTLAND, OR. A Hosiery Bargain 2oc a pair for £0° hose sizes 6, 6^, 7, 7^, 8 and 8K Commencing Monday at 8 a. m. we shall place on sale a special purchase of children's imported black lisle thread hose, narrow rib- bed, guaranteed absolutely fast color, a splen- did hose for dress; the price for any size while they last will be 2uc a pair Ladies' Shirt Waists Ladies' French flannel shirt waists in the new shadings for spring, well made in the most desirable styles at $4.50 each Ruffled curtains, well made of figured, dotted, striped and plain Swiss, 3 and $J yards long, 45 inches wide at $1.50 a pair ocarrs Hemstitched toilet scarfs Tambour toilet scarfs made of good quality mull made of mull with hem- with lace insertion, size stitched borders, size 18x54, 18x54 inches at • a good value for 3 's c each 25c each . 129 Kearny St. Write for our illustrated catalogue. BURGLAR ROBS RESIDENCE OF MRS. EMMA LEOPOLD The residence of Mrs. Emma Leopold, 627 "Webster street, was entered by a burglar last night while Mrs. Leopold was at the theater. A quantity of silverware was taken. War Department Buys Type-miters. I* & M. Alexander, apent-s Smith Pre- mier Typewriter, received two more or- ders from signal corps. Manila This makes twenty-two Smiths ordered since January 1. 1900. • C. Larsen and will be put on the berth The barkentlne Catherine Sudden sailed for Cape Nome yesterday. She carried no passengers, but has aboard every ounce of freight she can pack. The barkentlne carries all the appliances for landing freight by means of an endless cable. CASH-OR-LITTLE-AT-A-TDIE. fpltl Send 2c is Stamps for Postage for New Furniture Catalog- Refrigerators. Many styles — many prices — ail prices way down thb Week. THE J. NOONAN FURNITURE COMPANY (Inc.), tOIT • 1023 MISSION STREET, ABOVE SIXTH. Fhona Soati li. Saa Fnadseo. Eye=Glasses You'll Take Both comfort and pride In. They'll fit you; they'll become you. Our clip won't slip. 50c Oculists' prescriptions filled. Factory oa premises. Quick repairing. Phone. Man 13l 642 Market St. toTBUKMn •no: ft CCmC.t >"il"-"- &fiQ VERY LATEST ).* :/k\ Straight Front, (hry *) Hand-Made 1 ( SAPPHIRE jjSijS CORSETS l^M. $3.00 1» $15,00 VV^vj/Ov PER pair - fW% 10 Gearu St., // A "j.:j CORNER KEARNT. LfF^j\ I CHESTER F.WRIGHT, f\2J?X^ SI A Royal Worcester Cor- * »et-Flttlng Parlors. Polona covered passage- JL CliclV'C connecting these two Immense struc- ¦ tures places under _ one management UW Q"f»rl rooms, 900 of which dllvl have hatha attached. Tourists and travel- ' era from every section /^ ~**. _. J of tne world recognize ¦TI rtTill and appreciate the* i «.»«vi comforts and convenl- ¦ encea offered by these hotels. Hnffllc American plan. Ku- JflULtJliD ropean plan. oft rr nn\/ & i corner F° urth » ad Lfti t nulftL S^V F if Wl " *• ¦* w " l >*"sc. Overcoats and Valises checked fre*. Zvenan artist can see art in things meclianical.7nere can be art in a pair of sboeb.it Vne^ are so constructed X^^h^S^^Pp"^^ /fabts shoes have "^j^^^^^Sl been so made, that tnerc i ; ; i-Jg^ ts beauty, as well as |$ ®^\ f-^ comfort. and price value. |§| ~ \ ' 1 y KASTS k*' 1 ™ 22 FROM SEA AND SHORE