HOLT COUNTY FAIR
O’Neill, Nebraska, August 24-25-26, 1920
DON’T FORGET THE DATES. MAKE YOUR ENTRIES EARLY
SUPERVISORS’ PROCEEDINGS
(Continued from page four.)
ships thereof was shared with the said
precinct assessors by the State Board
of Equalization, and that said Board of
Equalization did unlawfully direct the
various precinct assessors in Holt
County, Nebraska, to fix an arbitrary
valuation upon the real estate in Holt
County, Nebraska, of from 160 per
cent to 300 per cent increase over and
above the former assessment, and that
the various precinct assessors in vio
lation of law and contrary to their
own judgment and in violation of their
duty in the premises took and followed
said instructions so sent them and
given them by the sai4 Board of Equal
ization, and in accordance therewith
made and filed herewith a return
which in truth and in fact is a return
of an assessment of the real estate of
Holt County, Nebraska, as made by
the State Board of Equalization, and
not a return and assessment as made
by the various precinct assessors. That
. said assessment as so made at the
direction of the State Board is arbi
trary, unreasonable, inequitable and
unjust,, and that a fair and reaonable
increase in the value of the real estate
in Holt County, Nebraska, over and
above the last assessment of such
real estate as compared generally with
the real estate values in other counties
in the State of Nebraska is the sum of
40 per cent and no more.
4. Your petitioners further repre
sent and show to your Honorable Body
that the various precinct assessors
should be required to make and file a
return of their assessment of said
property and not the assessment of
the State Board of Equalization.
WHEREFORE, your petitioners re
spectfully pray that, the various pre
cinct assessors throughout Holt
County ?nay be summond before your
Honorable Body and the facts with
reference to the assessment of real
estate in Holt County be disclosed;
that the said various precinct assess
ors may be required and permitted to
show their own assessment and valua
tiop of the real estate in their various
precincts and that such valuation and
assessment of Holt County upon Which
tax levies shall be made, and for such
other and further proceedings in the
matter as may be just, proper and
lawful.
J. A. DUJNUliUE,
Attorney for Petitioners.
The State of Nebraska, Holt County,
ss.
W. B. Cooper being first duly sworn
on oath deposes and says that he is
one of the petitioners above named;'
that he has read the foregoing peti
tion; and knows the contents thereof;
and that the facts therein stated are
true as he verily believes.
W. B.. COOPER.
Subscribed and sworn to before me
this 30h day of June, 1920
(Seal) E. F. PORTER,
County Clerk.
Hearing was heard by the Board on
above petition.
Mr. Chairman: I move you that
the various Township Assessors be re
quired forthwith to correct their re
turns of assessment of real estate in
accordance with their testimony this
day taken, so this board may pro
ceed to equalize such assessment ac
cording to law.
W. T. HAYES.
JOS. SCHOLLMEYER.
Motion carried.
At 5 o’clock p. m. on motion board
of Equalization adjourned until July
1, 1920, at 9 o’clock a. m.
F. C. WATSON, Chairman.
E. F. PORTER, County Clerk.
O’Neill, Neb., July 1, 1920, 9 a. m.
Board of Equalization met pursuant
to adjournment. All members present.
Meeting called to order by chairman.
O’Neill, Neb., June 22, 1920.
To the Honorable Board of Equaliza
tion of Holt County, Nebraska.
Gentlemen: We, the undersigned
Banks of Holt County, respectfully
potest against the raise in assessments
made by the County Assessor of Holt
County, in' increasing the assessment
of the undersigned Banks.
As shown by the assessment sched
ules of the respective Banks, the Hon.
County Assessor has not allowed any
deductions for accrued interest on cer
tificates of deposits, unearned interest
on loans, or a reasonable per cent of
bills receivable to cover possible
losses.
We respectfully represent to your
Honorable Body that these items are
all a liability of the Banks not shown
by the books, and we represent that
the 'schedules filed with the County
Assessor show the true value of stock
of the respective Banks and most
earnestly protest against the increase
made by the County Assessor in as
sessing the undersigned Banks.
Very respectfully,
First National Bank, O’Neill,
By Ed F. Gallagher, Pres.
Nebraska State Bank, O’Neill,
Jas. F. O’Donnell, Cash.
O’Neill National Bank,
By S. J. Weekes, Pres.
Security State Bank of Atkinson,
By E. J. Mack, Cash.
First National Bank, Atkinson,
Fred H. Swingley, Cash.
Inman State Bank,
Geo. W. Davies, Cashier.
Citizens Bank of Stuart,
By J. C. Flannigan, Vice President
First National Bank, Stuart,
D. A. Criss, Cashier.
Emmet State Bank,
Ed. F. Gallagher, Pres.
Farmers State Bank,
Ed. F. Gallagher, Pres.
The Pioneer Bank, Ewing, Nebr.,
By J. N. Trommershausser, Pres.
Beard called for opinion of County
Attorney.
June ou,
To the Honorable Chairman and
Members of the County Board of
Supervisors of Holt County, Ne
braska:
Gentlemen: In regard to your in
quiry relative to the assessment of the
Shares comprising the actual Capital
stock of the several banks in this
County, I will say that the assessment
of these shares is regulated by the pro
visions of Chapter 108, I<aws of Ne
braska 1915, which are as follows:
Section 1. Amendment.—That sec
tion 6343 of the Revised Statutes for
1913, be amended to read as follows:
6343 Sec. 5. Taxation-statement
from banks, loan and trust, and in
vestment companies.—The president,
cashier or other accounting officer, of
every bank or banking association,
loan and trust or investment company,
shall, on the first day of April of each
year, make out a statement under
oath, showing the number of shares
comprising the actual capital stock of
such association, bank or company,
the name and residence of each stock
holder, the number of shares owned by
each and the value of the shares on
the first day of April, and shall deliver
such statement to the proper county
assessor. Such capital stock shall
thereupon be listed as assessed by
him and return made in all respects
the same as similar property belong
ing to other corporations and individ
uals. Whenever any such bank, as
sociation or company shall have ac
quired real estate which is assessed
separately, the assessed value of such
real estate shall be deducted from the
valuation of the capital stock of the
association or company. Provided
mortgages, trust deeds and all other
liens or interests in real estate less
than a fee title and held as security
for loan shall not be considered or as
sessed as part of the capital stock for
purposes of taxation, and shall not be
deducted from the capital, surplus or
undivided profits. The county as
essor shall determine and settle the
true value of each share of stock after
an examination of such statement, and
in case of a national bank, : n ex
amination of the last report called for
by the comptroller of the currency; if
if a state bank, the last report called
for by the state banking board; and if
the county assessor deem it necessary,
he may make an examination of the
officers of such bank, association or
company, under oath, in determining
and fixing the true value of such stock,
and shall take into consideration the
market value of such stock, if any, and
the surplus and undivided profits.
Such association, bank or com
pany shall pay the taxes assessed upon
its stock and shall have a lien thereon
for the same.
This Statute is a very simple one
needing no judicial interpretion or
construction. The value of the shares
comprising the actual capital stock of
any bank on the first day of April of
each year, must be shown by a state
ment under oath, made by its presi
dent, cashier or other accounting of
ficer, which statement must be deliver
ed by said officer to the County As
sessor of the county, in which the
I bank is located. Presumably the of
ficer of the bank making the state
ment should know the value of these
shares of the capital stock, of his
bank, and has under oath stated their
true value. The statute requires no
statement from the officer of the bank
giving in detail the factors entering
into his estimate of the value of the
shares, and only requires him to state
the value.
When this statement is filed with the
County Assessor, that officer shall de
termine and settle the true value of
each share of stock after an examina
tion of such statement, and in case of
a national bank, an examination of the
last reoprt called for by the comp
troller of the currency; if a state bank
the last repot called for by the state
banking board; and if the county as
sessor deem it necessary, he may make
an examination of the officers of such
bank, association or company, under
oath, in determining and fixing the
true value of such stock, and shall take
into consideration the market value of
such siock, if any, and the surplus and
undivided profits.
From this statute it conclusively ap
pears that the assessment of the value
of the shares of the capital stock, of
any bank devolves upon the County
Assessor and upon him alone, and
that your Board has no jurisdiction
whatever in the matter.
Furthermore, sitting as a Board of
Equalization you have no power to
consider the petition filed by the
several banks of this County.
Yours very respectflly,
LEWIS CHAPMAN,
County Attorney.
At 12 o’clock, noon, on motion board
of Equalization adjourned until 1
o’clock p. m.
F. C. WATSON, Chairman.
E. F. PORTER, County Clerk.
O’Neill, Neb., July 1, 1920, 1 p. m.
Board of Equalization met pursuant
to adjournment. All members pre
sent. Board called to order by chair
man. Devoted the afternoon to ex
amining the assessment of the differ
ent stores in the county.
At 4 o’clock p. m. on motion board
of Equalizaion adjourned until July
6, 1920, at 10 o’clock a. m.
F. C. WATSON, Chairman.
E. F. PORTER, County Clerk.
O’Neill, Neb., July 6, 1920, 10 a. m.
Board of equalization met pursuant
to adjournment. Members present:
Watson, Hayes and Johnson. No quo
rum. Adjourned until 1 o’clock p. m.
E. F. PORTER, County Clerk.
O’Neill, Neb., July 6, 1920, 1 p. m.
Board of Equalization met pursuant
to adjournment. All members present
but Rotherham and Hubbard. Called
to order !by chairman.
On motion Wm. Krotter Co. per
sonal schedule was raised $9,885 on his
stock of merchandise.
At 5 o’clock p. m. on motion board
adjomed until 9 o’clock a. m. July 7,
1920.
F. C. WATSON, Chairman.
E. F. PORTER, County Clerk.
O’Neill, Neb., July 7, 1920, 9. m.
Board of Equalization met pursunt
to adjournment. All members present
but Hubbard. Board called to order
by chairman.
Board devoted the forenoon to equal
izing between stocks of merchandise.
At 12 o’clock, noon, on motion board
adjourned until 1 o’clock p. m.
F. C. WATSON, Chairman.
E. F. PORTER, County Clerk,
O’Neill, Neb., July 7, 1 p. m.
Board of Equalization met pursuant
to adjournment. All members present
but Hubbard. Called to order by
chairman.
O’Neill, Neb., June 14, 1920.
Hon. Board of Equalization, O’Neill,
Nebraska:
Gentlemen: I wish to protest
against the excessive valuation placed
by the county and precinct assessors
on the following property:
(1) SW14 Sec. 23-31-14
assessed at . $6,400.00
(2) NW!4 Sec. 31-25-12
assessed at. $3,200.00
(3) SEVi Sec. 8-26-12
assessed at.$4,000.00
(4) NEtf Sec. 8-25-12
assessed at .. $4,830.00
(5) The Golden Hotel property in
Block 15, O’Neill.$35,500.00
(1) Is a ralw tract of land and is
assessed at $800 higher than any other
tract in that vicinity, some of which
are highly improved. The assessment
should not be greater than $3,200.
(2) Is a raw tract of land, assessed
higher than ‘oilier tracts of greater
value in the immediate vicinity, and
should be assessed at not more than
$1,600. Similar lands in that vicinity
are selling at $12.50 to $15.00 per
acre.
(3) Is a raw tract cutting some
hay and worth not to exceed $15.00
per acre. I get $50 per year for the
use of it and at the assessment named
above it will not be half enough to
pay the taxes. It should not be as
sessed at more than $2,000.
(4) Is owned by a widow at Lin
coln, Nebr. There are 160 acres in the
tract but has been assessed at 161
acres. The land is some better than
the SEV4 of the same section owned
by me but should not be assessed at
more than $3,000.
(5) The assessment of my hotel
property at $35,500 is entirely too
high both according to its value and
the assessed valuation of other prop
erty in the city. It is assessed almost
as much as the balance of the half
block in which it is situated and con
siderable more than any other half
block either in the business or resi
dence portion of the city. This block
was built by me not as an investment
but to help O’Neill and Holt County
and I thr k ’-at it should be assessed
accordin; y. The assessment shoud
be lowered from one-third to one-half.
I shall be pleased to take up these
matters With the board as soon as con
venient to them, but shall not be in the
city until the latter part of the week.
Very truly,
O . XT. UWLlL/Xb^,
For T. V. Golden.
No. 1 Lowered to. $4,800
No. 2 Lowered to .. $2,720
No. 3 Lowered to...$3,200
No. 4 Lowered to.$3,200
No. 5 Lowered to . $32,500
To the Hon. Board of Equalization,
Holt County, Nebraska:
I hereby protest on the valuation
placed on my residence located in
Block 10. Remember this is not
property that pays a rental income and
I think a valuation of $9,000 is un
reasonable and entirely too high and
I ask this be reduced.
ED. F. GALLAGHER.
O’Neill, June 22, 1920.
On motion same was reduced $1,000.
O’Neill, Neb., June 24, 1920.
To the Honorable Board of Supervi
-sors of Holt County:
The undersigned would respectfully
petition the Honorable Board to re
duce the taxable value on residence lo
cated on Lots 15 and 16, Block 3, at
least $300 to equalize it with similar
properties located in O’Neill.
Respectfully,
T. F. BIRMINGHAM.
On motion same was rejected.
Stuart, Neb., June 17, 1920.
Holt County Board of Equalization,
O’Neill, Nebraska:
Gentlemen: I hereby protest the
valuation placed on my property in
Stuart Village: Lot 13, Block 4. Lot
11, Block 7 Hallock’s Add. and Lots <
5, 6 and 7, Block 5, Halock's Add for
the reason that they are higher than
they should be and out of proportion
to similar properties in other towns of
the county. The valuation on above i
were raised over 350 per cent by the
assessor this spring.
Yours truly,
R. E. CHITTICK.
On motion same was rejected.
At 5 o'clock p. m. on motion board
adjourned until July 8, 1920, at 9
o’clock a. m.
F. C. WATSON, Chairman.
E. F. PORTER, County Clerk.
O’Neill, Neb., July 8, 1920, 9 a. m.
Board of Equalization met pursuant
to adjournment. All members present.
Meeting called to order by chairman.
On motion the real estate in Cham
bers village excepting the outlaying
farm land was raised 40 per cent.
On motion the real estate in Inman
Village was raised 30 per cent.
O’Neill, Neb., June 24, 1920.
To the Board of Equalization:
I want to protest against the value
placed on the following assessed prop
erty: The South half of 3, the north
half of 9, the north half of 29 and 200
acres in 30-28-14. Four years ago the
south half of 3 was valued at $3,075,
the north half of 9 at $3,685 the land
in 29 and 30, $3,269. Also my house
and lot in O’Neill is valued at $3,000,!
four years ago it was valued at $1,150.
Yours truly,
PAT O’DONNELL.
On motion same was rejected.
O’Neill, Neb., June 18, 1920.
To the Hon. Board of Supervisors,
Holt County:
Gentlemen: Comes now your peti
tioner, W. N. Coats of Stuart, Nebr.,
(who respectfully represents that his
property known as Lot 14, in Block 4,
of the original town of Stuart, Nebr.,
is assessed at $8,000.00.
In consideration of the fact that this
is a brick venered building, one story,
size 29x75 feet with an addition in
rear of 17x25 feet built twenty-two
years ago, of old material except the
surface brick and floor* does not even
have plate glass front, and that owner
will give a warranty deed for same
for much less than the assessed valua
tion, the valuation is excessive and un
just, and not on a parity with other
like propery in Holt County.
Also on vacant lots No. 22 and 23 in
Block 4, assessed at $500 each, a total
cf $1,000. Beg to say owner will give
a warranty deed to both these lots for
$400.
Because cf the facts above set forth,
which can be easily verified, your peti
tioner sets forth that the above valua
tion should be reduced at least half,
which would yet exceed the value as
sessed against like property in other
towns in Holt county.
For such just relief your petitioner
will ever pray.
Respectfully,
W. N. COATS, Owner.
Same was rejected.
At 12 o’clock, noon, on motion board
adjourned until 1 o’clock p. m.
F. C. WATSON, Chairman.
E. F. PORTER, County Clerk.
O’Neill, Neb., July 8, 1920, 1 p. m.
Board of Equalization met pursuant
to adjournment. All members present.
Meeting called to order by chairman.
O’Neill, Neb., June 24, 1920.
Honorable Board of Supervisors,
O’Neill, Nebraska:
Gentlemen: Herewith attached a
list of lands that I own in this county
together with the valuations placed on
each tract by the assessor. I wish to
protest against the valuation put on
the land in Section 26-31-11, this land
was sold a few weeks ago for $16.00
an acre and is being advertised tor
sale now at $17.60 per acre. Also the
Southeast of 36-29-11, this quarter has
been offered for sale for $40 an acre
for the last year and has not been
sold. By comparing the values by the
face value placed by the assessor I
think that he has the W% of 24-29-12
and the N% of the NW% of 26-29-12,
this land lying adjacent to the gravel
pit, too high, compared to other land
in that vicinity. I also desire to call
your attention to Block 10 Mathews
(Continued on page seven)
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