Remember When for July 8, 2014
115 years ago
Sounding like a spokesperson for modern-day Republicans, railroad magnate Eramus Gest complained to the California State Board of Equalization that taxes should be levied on income “so millionaires would be willing to spend their money on improvements.” Gest, the executor of the estate of Charles Moran, took over the operation of the Nevada, California and Oregon railroad when Moran, the railroad’s founder, died in 1897.
The small, private railroad had laid tracks from Reno, Nevada, to Amendee in Lassen County. Complaining about the railroad’s $330.89 tax bill, Gest said, “I don’t think a railroad has not earned as much as a postage stamp in 10 years should be assessed for anything.”
Although Gest said the railroad planned to expand its rails past Susanville to Alturas and eventually to the Columbia River, Gest said his company earned only $6,691.51 last year and from that small profit he had to pay interest on a $1.4 million investment.