Report of the State Tax Commission of Arizona Volume 1

Report of the State Tax Commission of Arizona Volume 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1912 edition. Excerpt: ...were made with regard to the assessable values of the producing mines situated in Gila County: "Globe, Arizona, July 20th, 1912. Hon. Board of Equalization. Globe, Arizona.' Gentlemen: Acting in accordance with Sec. 8 of Sub. Senate Bill 46. Laws of the First Legislature, State of Arizona, after considering the sworn statements of the producing mining companies of Gila County and all the evidence that could be obtained regarding aforesaid mines, we respectfully recommend and advise that the producing mines of Gila County be assessed as follows, to-wit: OLD DOMINION COPPER MINING AND SMELTING COMPANY. Investigation shows this company to have been a dividend payer for several years past. It is now producing at a very large and substantial profit. In fact, its showing at present is better than at any time in its history. The company is about to expend large sums of money, to-wit: about $650,000.00 in the installation of new equipment and the rebuilding of old equipment. It is controlled by the Phelps-Dodge interests, an organization that has many years' experience in Arizona ore deposits. This organization has operated the mines of the Old Dominion Copper Mining and Smelting Company for a number of years. This experience in ore deposits in general and its knowledge of this property in particular have induced the Phelps-Dodge interests to expend this large sum of money for additional equipment. It is, therefore, safe to say the property is easily worth its gross production for last year, and that the owners could not successfully maintain otherwise. In addition to all of this, the sworn statement of the company shows that it produced at a net profit of $671,176.68 last year and this year the evidence shows that it has already paid...
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Product details

  • Paperback | 36 pages
  • 189 x 246 x 2mm | 82g
  • United States
  • English
  • black & white illustrations
  • 1236976797
  • 9781236976796