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CENTRAL 01- GEORGIA GIVES FACTS
ABOUT RAILWAY VALUATION.
a Radical politicians, whose purpose is to establish Government ownership ©f railroads, have re-
h .;! y punched an attack upon the valuation of American railways, as fixed for rato'makeing purposes
oy the Interstate Commerce Commission.
« Patrons of the Central of Georgia Railway have a right to know the facts, concerning the valua-
u P° n which rates are based, and to have the figures as to the capitalization of this railway, so they
judge for themselves as to whether this company is expecting to earn returns upon over capitalization, or
as it is commonly termed ‘‘watered stock.'’
Here are the faets concerning the Central of Georgia Railway and the lines leased and operated
by it. The aggregate par value of the securities outstanding as at December 31, 1922, was 875,778,826.
On that date we owned 298 locomotives, 9,056 freight train cars and 312 passenger train cars. This
equipment alone cost as follows:
Locomotives,
Freight cars
Passenger cars
Total
$5,770,431.02
8,796,884.99
2,758,309.60
17,325,625.61
At present prices this-equipment would cost more than $30,000,000. But subtracting only the
smaller figure, representing actual cost, from the capilalization outstanding leaves only $58,453,200 39
as representing the valua of our roadway with its right-of-way, ballast, ties and rails, bridges signals,
telephone and telegraph lines and other railway property, even including buildings, land, roundhouses,
shops, freight and passenger stations and the like. The value of our terminal properties at Savannah
and other important cities run into larger figures. For example dur terminal in Savannah, comprises
288 acres with one mile of waterfront for the handling of domestic and foreign traffic.
The Central of Georgia operates and leases 1,964.55 miles of railroad, but 'counting additional
mainline trackage, passing tracks and yard tracks, we have 2,623.25 miles of traok. If the 858,-
453,200.39 referred to above, covered the value of tracks alone (excluding all other property used in the
service of the public) it would represent only $22,281.89 for each mile of track. It costs approximately
$25,000.00 per mile to build ordinary hard surfaced highways with only light grading and bridge con
struction necessary, and without including the cost of acquiring the land on which the road is construeo-
ed, Will add any reasonably minded person deny that the Central of Georgia ti’ack with its right-of-
way, station buildings, ballast, ties and rails, heavy bridges, signals, telephone and telegraph lines, and
other appurtenances, is worth more per mile than it costs to build a mile of hard road and without in
cluding the cost of acquiring the land?
The Interstate Commerce Commission, after years of thorough investigation, has fixed tentative
valuation of all Ameriom railways at $18,900,000,000. Those attacking the justioe of this valuation are
trying to make it appear that it is based upon present-d^y replacement costs; that it is excessive and
that imposes, a burden upon those \frho pay freight and passenger rates. This is erroneous and mislead
ing. Valuation figures are based upon the cost dotermed as at Juno 30th, 1914 and ignore entirely the
increase of costs during the war period. It is a matter of common knowledge that pre-war costs have
practically doubled. Additions since the valuation nt 1914 figures, have been taken by the Commission
at actual cost, minus depreciation. 1
The present outstanding capitalization of all railways is about $2,000,000,000 less than the present
tentative valuation.
In 1922 out of every dollar spent by oarriers, 86 cents went to pay the actual cost of the service
rendered to the public. The act of valuation can have no conceivable effect upon these costs. Only
about 14 cents remained out of which to pay interEsfc on indebtedness, rentals of leased lines, dividends
and the cost of enlargements and improvements*
The railroads ask ouly that the Interstate Commerce Commission treat then! in accordance with
the provisions of the constitution as interpreted by the courts. To disregard these constitutional pro
visions, as demanded by radical, agitators, would involve such confiscation of private proverty and in
vestments made m good faith, as has never ocoured in American history.
TAX SALES
Georgia, Houston County.
On the first Tuesday in July, 1023,
will be sold at the Court House door of
Houston Qounty between the lawful
hours Of sale, the following property to
wits-
All that tract or parcel of laud, lying
and being in (he ninth district of Hous
ton County Georgia and being situated
on tho north side of Central avenue in
the City of Fort Valley and being de
scribed as follows; beginning on Central
Avenue at the southwest corner of lot
owned by D. Burns and running In a
westerly direction along Central Avenue
a distance of sixty-seven feet, and six
inches to the southeast corner o| lot own
ed by Mrs J. M. Gray; thoncoin a north-
ly direction a distance of 143 feet to the
south-west comer of lot owned by I. N.
Koytil; thence in an easterly direction
along the roar and southern lino of
said I N R »yal lot a distance of C9 foot
to the southeast corner of said 1 N Royal
lot; Thenoo in a southerly diveotion
along tho western boundary of lot owned
by D., Burns a distance of om? hundred
and forty one feet and six inches to
starting point. The property herein de
scribed being bounded as follows; on the
north by lands of I N Royal; cast by
lands of D. Burns, south by Central
Avenue, and on tho west by lauds of Mrs
J M Gray, said lot also oontains a G room
dwelling now in course of erection,
Levied on as the property of J L Boze
man to satisfy a fl fa for stats and coun
ty t xes for the year 1922. Tenant in
possession notified.
All that certain tract lot or parcel of
land situate lying and being in the Btate
of Georgia county of Houston and in the
sixth land Di trlet therein, being tri
angular in shape and locaied within land
lot No. 249 in said District; The said
traot being particularly bounded and de
scribed as follows: Commencing at a
point in the center of the public road
leading from Fort Valley to Maoon. via
of Mathews store, the distance of 641 feet
thence in a westerly direction a bored
well being on the lino and determing the
location of the same, along the line of
lands of WH Harris, the distance of 423
property pf Bud Humphries to satisfy a
fl fa for s’ ate and enmity taxes for the
year 1923. Tenant in possession notified.
All that lot front east on Anderson
Avenue, in Fort Valley, Houston County
Ga., fronting on said Avenue 90 feet,
and running back west of uniform width
of 90 feet for a distance of three hundred
feet, said lot being bounded east by said
Anderson Avenue, north by lot of J M
Jones, west ny lot of Eberdhavt
south by lot of L P Gray. Level
on as the property of H O Noil and wife
to satisfy a 11 fa for state and county
taxes for the year 1922. Tenant in pos
session notified.
A'l that lot in the city of Fort Valley
in tho ninth district of Houston County
Ga., that fronts 70 feet on the west side
of Anderson Avenue and runs back in a
westerly direction for a distance of 176
feet, more,or loss, to the ditch. Said lot
bounded as follows; north by the lands of
J A L "Wilson, south by the lands of J A
L Wilson, west by the said ditch and on
the east by said Anderson Avenue. Levi
ed on ns the property of W Roily Ander
son to satisfy a fl fa for state and county
taxes for the year 1992. Tenant in pos
session notified.
All that certain house aud lot, in tho
oity of Fort Valley, Houston County
Ga., bounded on tho west by the parson
age lot of the C. M. E. church, sopthby
the street known as Ghuroh Street, cast
by the Bam Gordan lob. north by
the Flournoy lot, Fold hoi a 3 ana
lot known os the Loe O'Neal residence.
Levied on as the proporty of Leo O’Neal
and wife to satisfy n 11 fa for stato and
county taxes for the year 1922. Tenant id
possession notified.
All that oeitoln store lot in Block “E”
in Fort Valley Ga., on south side of
Main Street, fronting on Bald street 26
feet, extending from the center of
of tho east Wall of Slappey &
Evaus livery stable and extondlng buck
southerly 140 feet more or less to the
pnblio alley running through said Block
said storo lot being same as recently
built upon by B T Marshall in August
1901. said Btore being the one now odou-
plod by J D Wilson &*Sons. Levied on as
the property of J D Wilson & Sons, J D
Wilson, Chostor WilBon to satisfy a fl fa
for stato and county taxes for tho year
feet to a point in the oentor of the pub ~ . . - . ,
lie road leading from Fort Valiev to Craw- 1992. Tenant in possession uplifted,
ford county lino of the Wiley Grn nhome
place, thence in a southerly direetion
along the center of Ihe said public rood
leading from Fort Valley to Crawford
. All that certain house and lot in tho
city of Fort Valley, 9th district of Hous
ton County Gn., said lot being on tho
east side of Pine Street and bounded as
County the dis anoo of 679 feet, to a j north by la „ ds o£ j j G i a88 ea9fi
?ft in Vrni!ll 0 lBn^np 0 from h0 Fort 0 'vlilhfJto lftnd of of E M Fagan, west by PlnO
Loned road l aad i Q S . P °j1Street and Bouth by land of Clayborti
fffi® Henderson. The said lot fronts on Pine
of beginning, and the said point being gtroot 40 feet and extends back east a
JJ“un! ! uniform width of 40 feet, a distance of
r ° a fi a S SiSffiwJSnWHM 145 teet - The 80U,h liuo being 146 feet
and the said road loading from hoit Val- nnd tbe north Une 18B feet moro or le88(
t0 um Uv L( ‘ vled ° n ftB propeity of John
bemg bounded on the northerly side by Frambro to 8flti8fy a fl & l ’ for W 0 ‘ and
lands of W H Hums, on the easterly side c0(m ty taxes for Ihe year 1922. Tenant!
by the said Fort Valley nnd Macon road , noSRMa i on notified
and on the westerly side by the said Fort iu P 0SBea8t0n no f medl
Valley and Crawford County road. Levi- All that tract or parcel i-f bnd, lving
ed on as the propeity of T R Uusley to and being in tho city of Fort Vuiley,
satisfy a fl fa for state and county taxes Houston County, Ga., and more par-
for the year 1922, Tenant in possession, Ucularly daseribedas lot No. 19 in the
Constructive criticism and suggestions are invited.
W. A. WINDBURN,
President, Central of Georgia Railway Company.
Savannah, Ga., June 7th, 1923.
TAX SALES
There will be sold at the court house
oor in Ferry, Ga.. an the first Tuesday
n- July 1923, between the legal
ours of sale, to the highest bidder, at
ublic outcry, lor cash, the following
scribed propertp;-
All of town lots known and disttnguish-
on map of survey as follows; Lots No.
3,154 and 144, each fronting fifty feet
3rd Struct and running back to alley
d all being in block 18, and situate
d lring in the town of Elko Ga., and
Houston County. Levied on and sold
the property of t-arah J Hall and
na D Fitzgerald, to satisfy a tax fl fa
r state and county taxes for year 1922
d all accrued costs. Levied on by O C
organ Deputy Sheriff and turned oyer
me for sale. Tenant in possessiou
tilled. This June 5th 1923.
11 that tract or parcel of land lying
being in tbe 18th district ot Hons*
County Ga*, and being fifty acres
re or less in the north-west corner of
0,0 in said district. Levied on
She pfopil of Mrs S J Felder to
mmU f* for state and county
es for year 1922, and accrued costs,
® levy made by O C Morgan Deputy
riff Jnd turned over to me for sale.
JuSe 5th 1923. Tenant m possession
fled.
1 +fcn*»rftct or parcel of land, or so
fhfreof as will pay «« .this claim
land lying and being in the 13th
‘S Houston County Ga„ and
, • 1 KO.cres more or less, in the
ai rn D nart of the eastern half of lot
38i« P s*‘ d di8triot * I t CT j 0< V U ?> On . “ n , d
wonerty of Jack Dean to
t 8 th ® 5 fa for state and county
f y ta *r 1992, and accrued costs.
j fo, year 19^, ^v^ on hy 0 c
p, °Cou y ty Sheriff and turned over
a ? X Tenant in possession ooti-
All that tract or parcel of land lying
nnd being in the 13th district of Houston
County Ga , or so much thereof as will
make the money on said ft fa und being
all of lot No. 280, and containing 202,54
acres more or less. Levied upon and eold
ns tbe property of B P Starbuck to satis
fy a tax ft fa for 1922, state and County
taxes and accrued costs. Tenant in pos
session notified. This property was levi
ed upon by O O Morgan Deputy Sheriff
and turned over to me for sale. This
June 5th 1923.
All that tract or parcel of of land lying
and being in tho city of Fort Valley,
Houston County Ga., nnd being more
particularly described as follows; all that
tract or parcel of land lying and being in
the ninth district of Houston Connty,
situate on the south side of east Main
Street of Fort Valley, fronting fifty feet
on said east Main Street and running
back in uniform width 200 feet and
bounded as follows; north by East Main
Street, east by lands of John L Brown,
south by lands of A J Evans and west by
lands of grantor herein. Levied on as the
property of Sam Drake to satisfy a fi fa
for state and county taxes for the year
1922. Tenant in possession notified.
All that 150 acres of land more or less
lying on the east side of lot No. 176 in
the ninth district of Houston County,
Ga., being the same purchased by gran
tor herein from G W Matthews in deed
dated January 2, 1897, recorded in Deed
Book 1, page 312 Clerk.s Office Superior
Court Houston County, also the north
half of lot of land No. 75 in the ninth
district of said county containing 104!^
acres, more or less, being the same land
deeded to grantor herein by W H H oiling -
ahead, W H Harris and R P Holling-
shead in deed dated January 5, 1901 re
corded in deed book No. 1 Folio 408
clerk’s Office Seperior court Houston
county. Levied on as the property cf
Mark Miller to satisfy a fi fa for state
and county taxes for the year 1932. Ten
ant in possession notified.
The battleship Arkansas sailed
June 1st for. Annapolis with mm
ashes of Vice Admiral Harry S.
Knapp, which will.be soattered to
the winds when the ship is well
out to s ea, in accordance with
wishes expressed in his will. The
Admiaal died at his home at Hart
ford, Gonn., April 6th.
notified.
All that or parcel of laud, Or City lot
in the City of Fort Valley, Houston
county, Georgia consisting of one acre,
fronting on the north side of ehureh street
"Walden tract of land forrnorly belonging
to the H C Harris estate. Said lot front
ing 59 feet on the north elilo of Wulden
btreet and extendi jig back north of even
width to the big ditch separating the
Walden tract from the lands formerly
and bounded as fodows: north by land d b y W j. AnSerson.
formerly owned byMrs B F CJapim, east ■ a three room dwelling. L-vied on
IB the property of Hosea Williams to
now occupied by Mis Burden and Mrs B ,iti 8 fy a fl fa for state and County taxes
Barron »,d ato g'jnwt, ofj, H | M . poLaalon
Bassett, south by Church btreet, west by
an alley between the said property, and
property of the Chero Cola Plant and J L
Brown. The said lot hereby conveyed is
the entire lot upon which is located the
eleven' room dwelling of Mrs Nettie
All that certain town lot in the city of
Fort Valley, Houston County Ga., on
Griffin Street No. 2 bounded as follows:
on south by'lot of Rev. Bennett, west by
Lubetkin. Levied on as the property of the old Sarah Matthews lot, north by lot
Mrs Nettie Lubetkin to satisfy a fi fa for 0 f Thomas Williams and east by Street
stato and county taxes for the year 1922. No. 2 Levied on as the property of Katie
Tenant in possession notified. By:-an to sotisfy a fi fa for state and
All that one unimproved town lot lo- tojnty tlV xos for the year 1922. Tenant in
cated in a part of the city of Fort Valley poB8 e SS j 0 n notified.
Houston County, Ga., known as Vine- 1
At the Georgia State College for
Women at Milledgeville last Mon
day morning 340 members of the
Senior Glass were graduated. The
program was of unusual interest,
says the report published in tho
Macon Daily Telegraph,
ville, fronting 50 feet on Hinton Street j
and running back 104 feet move or less
to the Sarah Young lot, on east by A .VI
Mitchel lot, on south by Hinton Street
snd en west by lot of John HintOn. Levi
ed on as tbe property of Alberta and
Lillie Tookes to satisfy a fl fa for state
and county taxes for the year 1922, Ten
ant la possession notified.
All that certain lot in the Walden tract
of the H O Harris estate lands, lying in
the north west portion of Fort Valley,
Houston County, Ga., bping known ac
cording to W H Harris survey of said
tract as lot No. 71, fronting on Walden
Street 48 feet and extending back of uni
form width to the ditch running along
the northern boundary of said Walden
tract. Said lot fronting on the north side
, rr*j. 1- of Walden Street and bounded on the west
REPRESENTATIVE Claude Kifcch«j fl ; de by Knoxville Street on road. Levied
en, former democratic leader in j on as the property of Carrie Harris to
the United 'States Congress, is satisfy a fi fa for state and county taxes
dead. He was a citizen of Winsor j 1922 ‘ Tenant iu posse88ion
North Carolina, and his record was i n0 I
that of an able and dependable L All that one acre of land in lot No 212
, . . in the sixth district of Houston County,
statesman. Ga., bounded as follows; west by lands
n ( of J M Culpepper estate, sOuth by lauds
' j Of W E Greeue east by lands of
i_ „ rnaattnn «» o fl nr(n»' T H Brown, aud on north by lands of
n a , ^ 6 , 11, xx T h Brown, said one aero of land being
State Board of Trustees at the Mo- the land sold by James Cliett to Katie
tel Dempsey in Maoon on May 30, Cliett and recorded in Clerk’s Office
a measure to he introduced in the Superior court of Houston County in
. T J„ awr » Tf Book No. 80 and Folio 144, on February
Georgia Legislature was drawn. It 6th 1914< Lev ^ d on as the property of
18 proposed . to promote forest Mary Martin to satisfy a fi fa for state
preservation in this state under and county taxes for the year 1922. Ten-
the plan of experts.
—F OR SAL E—Several thous
and Porto Bioan potato plants*
B W Trailer.
•nt in possession notified.
All of one certain house and lot In the
oity of ’ Fort Valley, Houston County,
Ga., and more fully described as follows;
bounded on north by Walden Street.
. south by vsoant lot, west by house own
! ed by Sherman Tables, east by house
.owned by Joe Nixon. Levied on as tho
All that tract or parcel of land lying '
and being in the 13'h district of Houston
County Ga., mid being that strip of land
lying on the oast nee of the National
Highway from Perry to Vienna Qn., and
lying on the soot i-enst of lot No. 301 and
bounded ns follows; on north by lands
of J W Hurdle, east by H M H a v v ord
south qy 1 <nds of Mrs L A Borura, on ,
west by National Highway, and con
taining 10 acres more or less, to satisfy
a certain tax execution for the year 2920
and all costs necrued. thereon. Levied
upon as tho property of Julius C Borum
and found in lit in his possession.
All that 90 acres more or less of land
lot No. 141 in the 6th district of Houston
County Gf*., sa ne being part of the place
known as the Harper place nnl more
particularly described as follows, be
ginning at the north east corner of said
lot No. 141 and running in a westerly
direction along the northern boundry of
said land lot a distance of 214 yands,
thence run on a line at right angles, to
said northern boundry and on a line
parallel with the eastern boundry of said
lot a distance of 227 yards thence runn
ing in a westerly direetion on a line
parallel with the northern boundry o£
said let a distance of 385 yards thence
running in a southerly direction on a
line parallel with the western boundry of!
said let a distance ot 648 yards to a point
on the southern boundry of said lot,
thence running in an easterly direction
along the southern boundry of said lot a
distance of 599 yards to the south-east
corner of said lot, thence running in a.
northerly direction along the entile east
ern boundry of said lot a distance of 873
yards to the point of beginning said land
oompriseing 90 acres more or less. Levi
ed on as the property of Mrs Callie Baits
Harper to satisfy a 11 fa for state and
county taxes for the year 1922. Tenant .ill
possession notified, This June 4th 1923
T. ft. CHAPMAN, ShvMCi