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10 THfi OJTA'ITA DAILY HEE: TIIUHSDAY, NOVEMMElt 20, 1002. TALKS RAILROAD TAXATION Prof. Rom of BtaU University Addrmei i Beal Eitate Exchange. LAYS DOWN SOME CARDINAL PRINCIPLES Arni tlit Capital lTd In Ball road Properly la mu Able aa Other Capital to Contribute la Government Kxpennr. The capacity of the dining room of the Commercial club assigned to the Real Es tate exchange was taxed yesterday by per sona who met to bear an address by Edward A. Ross, professor of sociology at the Uni versity of Nebraska. In addition to full at tendance of the members there were state senators, members of the legislature, mem bers of the city council, representatives of the city legal department, the city tax commissioner and a number of Interested citizens. Mr. Roes opened His remarks ly saying that he bad no Intention of referring to the conditions In Nebraska aa to whether tho rallroada of this state pay their Just share of the burdens of government, and then laid down the following propositions: 1 Capital Invested In railroads Is as able to contribute to the support of the govern ment as other forms of capital. The fact that a certain fraction of the total nines of property In he common wealth, owing to the ease of concealing It, utterly escapes the SKsenBor and evades taxation, constitutes no good reHSon for tallowing the railroads a corresponding offset. If without legal warrant the habit has tacitly grown up of aKseeMlng property at considerably less than Its true value, then, before entering It on the assessment roll, a corresponding deduction must be mnde .from the true value of railroad property scientifically ascertained. : The money value of a railroad Is not the estimated price of its ralla, ties, roadbed and equipment, separated and considered apart from their use, but It Is their aggre 'gate value as a going concern yielding profit aa a railroad, not as a scrap heap. The nonphvalcal property of a railroad .commonly known as the franchise Is founded, not on thn Investment of capital, but on the possesion of traffic not exposed to competition. Far from being less able 'to bear taxes, It Is more able to bear taxes than most other forma of property. Market Trice of Stork. , Tho market price of tho stock and bonds of a railroad, as It Is based on the capi talization of prospective rather than pres- ?nt profits and Is, moreover, Influenced by he desirability of shares for purposes of control. Is rot ent.rely satisfactory as a measure of railroad property. , The fairest criterion of the amount of property in a railroad la a computed value Ascertained by capitalizing at a low rate of interest the average net Income from opera tion through a period of ten years. In such J period most railroads will have experi enced both hard times and good times. It is desirable that railroad property thus scientifically ascertained should be taxed by the state alone for state purposes and at the same rate aa that borne by other forms of property taxed. But if railroads are to contribute aa now in most states to local as well as to state revenues, everything off tho main line, such aa yards, roundhouses, repair shops stock pens, offices, etc., should be assessed by local assessors and taxed at the local rate. Main line, rolling stock and franchise In a word, all the rest of railroad prop ertyshould be ajwessed by state officials at so much per mile and assigned to coun ties, towns and precincts In proportion to mileage. If railroads are taxed on. the gross earnings Instead of on property, and consequently it a rate distinct from and higher than that Imposed on property generally, the difficulties connected with valuation are avoided, but the public mind Is confused, the tax on gross earnings Is Invariably fixed too low and the railroad companies bear far less than their Just burden. Mr. Ross objected to the ' use of the word franchise aa a synonym for that property which la not represented la the physical property and aald that the fran chise Is as applicable to the physical as to the non-physical, which la the differ ence between the cost of the physical property and the capitalization of the railroad. In order to have $1,000 worth of physical property $1,000 must be Invested, but no money has to be Invested for the holder to enjoy the non-physical prop erty. He said the capitalization of the net earnlnga for ten yeara ahould be at 4 per oent. Multiply the average income by SS; that if the taxation be made under the eighth proposition the rate ahould he equal to the sum of the ratea upon other prop erty for all purpoaea, city precinct, county, school and atate. Pennsylvania and Mas aachuaetta have In operation the plan men tioned In the ninth proposition. Special Hove Sale This Week. Can save you 20 per cent. We always hare and hope we alwaya can aell you Stoves less than anyone else In Omaha. We carry the largest stock and buy them in larger quantities than any house weat of Chicago. We alwaya carry from 600 to 1,000 stoves In stock. All of standard make, with the manufacturer's name on every stove. We buy only regular goods, do not have special branda made to order. Our atovea ars all standard warranted by the maker well as ouraelves. HAYDEN BROS. .Watches, $100 to $300. Edholm, Jeweler. Mrs. Blanch E. Schneider will hold an exhibit and sale of floe hand-painted china K her home, 1902 Wirt street, tomorrow (Thursday). November 20. from 10 a. m. all 10 p. m. Youraelf and friend ars cor llally Invited. The Mekel riate Road Will afford Ita patrons an opportunity to take advantage of low ratea for ChrlBtmas and New Year holldaya, by selling tickets at a fare and a third for the round trip to all points on tbelr line, December 24, 25, II, 190S, and January 1. 1903. Return limit Including January 2 1 903. Through aervlcs to New York City, Boston and other eaat irn points. Chicago passenger station, Har rison at. and Fifth ave. For further In formation, address John Y. Callahan, Oen ral Agent, 113 Adams at., Chicago. Good Position Open, Good opening for a newapaper or mnga tlns solicitor. Permanent position for a Kmpetent man. Address Twentieth Cen tury Farmer, Bee Building. Omaha. Diamond betrothal rlnga. Edholm. Jew'r. For Rent Large modern bouse. Twenty- gTta street, near Farnam. W. T. GRAHAM, Bee Bldg. Hot pancakes wheat flour. front King Cols whole The Fifty-Cent Kind Ladies' Storm 7T 7? 1! Rubbers on Second FIor Jfol Immense lots MEN'S Sirtnwun. SHOES from (he Tootle-Wheeler-Motter riercantllo Co. about to discontinue the shoe business, sold at a sacrifice. On Second FUor L IrU l J& On Second oor Immense lots LADIES' enamel, box calf, vici calf, wlour calf, ptcnt leatfier, colt ekin and oilier SHOES at $(198 $2.50 6 S3 Patent leather, t'tc kH, box nil, en" amel and other tint tewed SHOES at Sfl 98 $2.50 & $3 Finest Grade Ladies' Underwear 65c Underwear for 39c Ladles' Princess rests and pants OQ medium and heavy weight very special at 75c Underwear for 49c Ladles' fine cotton and part wool A re vests and pants worth 75o, at ....... $ 1.00 Underwear for 69c Ladles' fine Saxony wool-ribbed dl f and camel's hair veata and pants vJ C Ladles' Union Suits Fine wool, medium and heavy A r L r weight-at . 4 9 C" O 9 C $2.50 Flannel Waists at 98c. Our entire stock of French Flannel Waists, many of them beautifully em broidered and trimmed with velvet and silk ribbons. These waists are In all colors and all sizes and have been selling for $2.60, to oloae g t them out we will give you your choice of J J them for v-' Unmade French Flannel Waist Patterns Another lot of our elaborately embroidered waist patterns, In reds, blues and hellos, all elaborately embroidered In harmonizing oolors, enough French flannel In a pattern for a lady'a waist. Every pattern worth $3 f" fv and $6.00, to close them out ws will give you your choice I of them on main floor for , , ' "" Watch Our Windows mm RBk, PSSSSJ na Watch Our Windows Usc Hat for t'brlatnas ss4 New Year Holidays. - Ths Nickel Plata road will sell tickets December 24, 25 and tl, 1902, and January I, IfrOS, at rats of a fare and a third for ths round trip to any point located In Central Passenger association territory, good returning to and Including January I. 1903. Pullman service on all tralna. In llvtdual club meals, ranging In price from loo to $1, served In dining cars. Address John Y. Callahan,' General Agent, 113 Adams St., Chicago, for particulars. Chi sago city ticket office. 111 Adama at.; depot Harrison at. snd Fifth ave. Reed Barton sliver. Edholm, Jeweler LANE Mrs. Rose, wife of John T.ane, died at tier borne. a tO Birma street. Nuvemt is, 14. Mrs. Lane was daughter of Mrs juua rlusn. Funeral nutlv later. Tho new kind of General Arthur cigara ass aw a sals. DEIM That is What a Ding Stock of 500,000 Items Means Sherman & McConnell Drug Go. Have This Number of Drug Store Articles Drug buyers In this locality need hardly be reminded of the completeneaa of the above flrm'a stock or the excellence of their facilities for rapidly caring for the thousands of orders which are dally en trusted to their care. But to one whoso knowledge of drug store artlclea is gained by the occasional purchase, or having a prescription compounded, very little la known of the tena of thousands of artlclea which go to make up a REALLY MOD ERN and fully equipped drug emporium A reporter for The Bee recently inter viewed a member of the . SHERMAN A McCONNELL. DRUG CO.. and while being ahown about their store snd prescription department, at 16th and Dodge, and their laboratory . and warehouse at 1514 Dodge was given a few figures which were abso lutely appalling, from a standpoint of detail. MINERAL WATER, 121 kinds, actual count; HAIR TONICS. 128 klnda "and a new one coming every day or two RUBBER GOODS DEPARTMENT, over 1,700 articles, each having an Identity all Us own; PATENT PILLS. 428 klnda (this comprises ' the well known klnda. like Ayers, Carter's, Beecham'a and all of which are aold by Sherman & McConnell at CUT PRICES.) Then cornea the phar maceutical "PILLS," "Tableta," Triturates, etc., gelatlva and augar coated pills, about 7.000 items in all. Elixirs, syrup and fluid extracta form another family of nearly 1,500 members, while rare cbemicala and the more common onea comprise group of something over ONE THOUSAND unpronounceable names. By far the larg est aggregation from point of number and detail la the homoeopathic line, which la carried by Sherman & McConnell, who have the only complete stock of this class of goods between Chicago and San Fran cisco and which conalsta of nearly 20.000 times in all the various potencies used In this school of medicine. Then there la the Soda Fountain, with ita hundreds of al luring concoctions. The Perfume depart ment and Toilet Powders and last, but not least patent medicines from the ends of the earth and Chicago some that "Just came In today" and othera that have been ataple merchandise" east and west "until the memory of man runneth not to the contrary." The beat teat of the efficiency of the Sherman A McConnell Drug Co. la to buy your druga from them, and from the looka of their crowded stors on the day our scribe visited It a large portion of Omaha's beat people ars iu ths habit X deliif tola. New Shoes (or Winter Another new one has just been re ceived a patent colt shoe for women's wear. The same quality of a shoe we sold hundreds of pairs of laat year and not one complaint. These ars new styles superb fitter patent colt vamps with dull kid tops that make a beautiful contrast medium exten sion edge soles. $3.50 Is all we ask for all this, and you were never able to get so much befoma for $3.60. DREXEL SHOE GO Omaha's Up-to-Date Shoe House Send for New Fall Catalogue. 1419 FARNAM STREET. Farnam ;f ssr Farnam Sts. yQfflKU8 ffflfr mtl,: Sts. i A Great Jacket Purchase ON SALE AT ONE-HALF LESS THAN REGULAR PRICES. 650 -Women's Jackets Secured at 50c on the Dollar We found a leading jacket manufacturer who had too many jackets on hand, his sales were not as large as anticipated, on account of the extremely mild weather, We made him an offer of 50c on the dollar for his entire stock of jackets, consisting of 650 new, stylish garments. Every jacket is of the newest style and faultless in workmanship: If you want to secure the biggest jacket bargain of the season come to this jacket sale Thursday .. .. Don't Lose s Your Hair! There is no sense In It; we absolutely guarantee Parisian Hair Tonlo and Dand ruff Cure to stop falling hair and to cure dandruff! If It falls, bring back the empty bottle and get your money! That'a fair, and if you lose your hair it la your fault. rut out this ad and bring or send it in wun 75c and we win give you tne i.uo else Dot tle of PARISIAN HAIR TONIC AND DANDRl'FF CL'RE and a 2oc can of CHAHAM'S SHAMPOO PASTE free. It U necessary to shampoo the hair at least once each week and Graham's Shampoo Is the best one we know of. KKMKMBEK, VK AULOW YOU 5 PER CENT ON ANY THING WE BELL, if you will save the TICKETS FROM OUR CASH REGISTER ! Can you get 6 per cent on your MONEY IN ANY BAIs'KT OPEN ALWAYS. SCIIAEFER'S Tel. T4T. s. w. CUT PRICE DRUG STORE Cor. JAtb mn Caloaco At I at remedJ Ml laHdl i, found to cure sweaty, clamy, bauds and feet. VSE RE-NO-MAY. never fails. A. MAYER. S18 Bee Bids.. Omaha, Neb. MANY OP THE BEAUTIFUL HALF TOME CUTS USED IN TJ5E ILLUSTRATED BEE from Urns to tlms ars for sals at the publication office all la good condi tion lew prices. Lot 1 124 Women's 21-inch Jackets Made of fine kerseys, meltons and oxford cheviots, have the new slot seam8, new sleeve, plain or with cuff, mostly all lined with guaran teed satin jackets 90 uiuiiuiuciureu 10 sen B 4- 9 1 n i : Lot 4 75 Women's JVUnte Carlo CoatJ Made of fine cheviots and kerseys, in different up-to-date styles, with ripple cape collars and new turned back cuff sleeve, nil Skinner satin lined coats manu- - A iaciureu io sen at $27.50 sale price ... Lot 2 150 Women's 27-inch Box Coats Made of the best quality of Ameri can Woolens Co. kerseys, in all shades; also oxford cheviots, all new up-to-date garments, all lined with Skinner's guaranteed satin coats manufactured gy 7 ZZ w ecu ui pxo.uv sale price Lot 5 50 Women's 3-4 Length Coats Nearly all samples, 6izes 36 and only one of a kind; they are made of the finest kerseys, Montagnacs and oxford cheviots, lined with the finest Skinner satin coats manufactured to sell -fl A '7C at o.uu suie pi ............. Lot 3 175 Monte Carlo Coats Made of fine, kerseys, cheviots and meltons, 27-inch long, new correct black, new sleeve, in castor, black, blue, red and oxford gray, lined with guaranteed satin - a f) f a regular $15 jacket I YmnL sale price Lot 6 50 Women's Hih-class Monte Carlo Coats They are made of kerseys, meltons and zibelines, in all shades, very swell, correct ideas oata manu factured to sell 4 O'TCS price Great Sale of Children's Suits at $3 Thursday, Friday and Saturday Will be; three big days in our children's department. We have just re ceived a'large shipment of children's suits that was bought up from a leading manufacturer at much under-price. We have also gone through our regular stock and taken broken lots of suits that sold for $3.50, $4.00, $4.50, $5.00, and placed them on separate tables. Thursday, Friday and Saturday, you can take your unrestricted choice of these suits for $3.00. They come in all sizes from 4 to 16 all grades of fine ma terials, such as cheviots, cassimeres and worsted cheviots, in all late col orings, cut in Norfolks and double breasted. Mothers who have any intention of purchasing children's suits this season, will do well to attend this sale. OPAL RINGS Bet with diamonds and turquoise, alnirla stones and clusters. Fancy set rings, $3.00 to 15.00 to $7.00 to $8.00, art with diamonds, $15.00 to $60.00. A beautiful single stons (or $5.00. Spend a few minutes at our stors. UOOK FOR THE NAME. S. W. LINDSAY, Jeweler and Optician 1516 Douglas Street. nitHAlnriin HnWM I Q ANTI-lf AWP racomme.io is Pries 15c and 60c Ask your druggist (or It. F. M. Russell Reading Lamps, Electric Oil and Gas. Electric & Gas Fixtures. JU S. 13th St Telephone 50J C0LLAR No Need Asking the Price Ths pries of Onlmod Shoes re mains the same, winter and summer. $3,50 and $2,50 is our factory price. We retail to the wearer at the factory price. If you don't think we can give you a satisfactory shoe at that price ask your friend. If he la a man he will know. Ai Repeal Sgfflo m -1.J 209 South 15th St. OUR GREAT REDUCTION SALE. Furniture, Rugs and Curtains Our store was crowded all day yesterday with eager buyers. "Why not?" Never was there such a spread of up-to-date bargains as we are showing. Special for Thursday, Dining" Room Tables Golden oak round top ex tension tables, with pedes tal center, 48 Inches in diam eter, rubbed top, one of the best values ever advertised at $14.50, on sale Wednes day at $10.50 We will sell, Wednesday, 36x72-inch Moquet Rugs, worth $5.00 for ....$2.98 Shiverick Furniture Company. Deputy Stats yeteclaarU Food Inspector. H. L. lUMACCIOTTI, D. Y. S. CITY VETERINARIAN, poos asd Ioflrmary asd Maao Sta, Omaba. KU Telephone la. I WHEN YOU BUY A 1 You are not paying (or CHKOMOS. SCIltMti, kiiLE DEALS, ETC, Hit for FINE QUALITY HAVANA TOBACCO. EQUAL to IMPOKTEDCIUAstsV jr. SL FTrnB MRCAMTUJB CIGAR GO. Manf St. Louis. Uslua Xads.