Evening Republican, Volume 19, Number 262, Rensselaer, Jasper County, 4 November 1915 — Monon is Finding Out How Much It Really Owns. [ARTICLE]

Monon is Finding Out How Much It Really Owns.

There should be correctly figured into the physical valuation of railroads the money that has been spent in assessments for streets, roads, bridge, ditches, sidewalks, etc., but until recently this was never done and in the government’s plan of arriving at the correct physical valuation of the railroad companies in order to determine what is a fair earning many things have been left out. Robert Lawrie, of Monticello, a civil engineer of ability, has for some time been working throughout Indiana in an effort to ascertain the amount of money the Monon railroad has paid out for such assessmnts. H is now w r orking in Jasper county. / Prsumably th railroads will claim the right in arriving at their physical valuation to put in the amounts spent for the improvements which are not actually a part of the company’s property but which should add to the value of the railroads just the same as they do to farms or city properties. A systematic invoicing of all properties of the railroads is being made and Walter English has for some time been employed in making an inventory of the mechanical properties.