Encyclopedia Dubuque
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DUNLEITH & DUBUQUE BRIDGE CO.: Difference between revisions
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[[File:dundubst.png|250px|thumb|left|Stock certificate]]DUNLEITH & DUBUQUE BRIDGE CO. The 1911-12 ''Dubuque City Directory'' through the 1916-1917 ''White's Dubuque County Directory'' gave this business address as 601 [[BANK AND INSURANCE BUILDING]]. | [[File:dundubst.png|250px|thumb|left|Stock certificate]]DUNLEITH & DUBUQUE BRIDGE CO. In 1878 the Dunleith & Dubuque Bridge Company served notice on the City of Dubuque that it would appeal its tax assessment to the circuit court. The city assessor established the value for taxation at $450,000, but the equalization committee raised the value to $600,000. (1) | ||
The ''Dubuque Herald'' found the basis for the appeal amazing. The valuation, according to the newspaper, was only about half of the value of the company. The amount of capital stock in the company was then $1,200,000 with a bonded indebtedness of $380,000 so the nominal value of the bridge property was $1,580,000. The value of the stock had fallen to sixty cents which would make the adjusted value of the stock worth $720,000. With the indebtedness the value of the property would be $1,100,000. This valuation did not include the value of the bridge itself, the bridge over the slough, railroad track to Jones Street, value of the franchise, right-of-way through the city which had been granted by the council, or the contract with the [[ILLINOIS CENTRAL RAILROAD]] which annually earned them ten percent of the total cash value for which they were assessed. (2) | |||
The 1911-12 ''Dubuque City Directory'' through the 1916-1917 ''White's Dubuque County Directory'' gave this business address as 601 [[BANK AND INSURANCE BUILDING]]. | |||
The 1918 ''Dubuque and East Dubuque City Directory'' listed 603 Bank and Insurance Building. | The 1918 ''Dubuque and East Dubuque City Directory'' listed 603 Bank and Insurance Building. | ||
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Source: | |||
1. "The Bridge Assessment," ''Dubuque Herald'', December 27, 1878, p. 4. Online: https://news.google.com/newspapers?nid=uh8FjILnQOkC&dat=18781227&printsec=frontpage&hl=en | |||
2. Ibid. | |||
[[Category: Bridge Company]] | [[Category: Bridge Company]] | ||
Revision as of 04:32, 13 January 2016
DUNLEITH & DUBUQUE BRIDGE CO. In 1878 the Dunleith & Dubuque Bridge Company served notice on the City of Dubuque that it would appeal its tax assessment to the circuit court. The city assessor established the value for taxation at $450,000, but the equalization committee raised the value to $600,000. (1)
The Dubuque Herald found the basis for the appeal amazing. The valuation, according to the newspaper, was only about half of the value of the company. The amount of capital stock in the company was then $1,200,000 with a bonded indebtedness of $380,000 so the nominal value of the bridge property was $1,580,000. The value of the stock had fallen to sixty cents which would make the adjusted value of the stock worth $720,000. With the indebtedness the value of the property would be $1,100,000. This valuation did not include the value of the bridge itself, the bridge over the slough, railroad track to Jones Street, value of the franchise, right-of-way through the city which had been granted by the council, or the contract with the ILLINOIS CENTRAL RAILROAD which annually earned them ten percent of the total cash value for which they were assessed. (2)
The 1911-12 Dubuque City Directory through the 1916-1917 White's Dubuque County Directory gave this business address as 601 BANK AND INSURANCE BUILDING.
The 1918 Dubuque and East Dubuque City Directory listed 603 Bank and Insurance Building.
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Source:
1. "The Bridge Assessment," Dubuque Herald, December 27, 1878, p. 4. Online: https://news.google.com/newspapers?nid=uh8FjILnQOkC&dat=18781227&printsec=frontpage&hl=en
2. Ibid.