The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1893-10-05
VALUE OF LOGS.
Do Minneapolis Lumb ermen
Know the Value Of Logs
in Minneapolis
Pay 5000 for Logs
Sworn to be Worth from
So to So. 5OPer M.

- ~ OAA w W VO1 I'LL 1lOIu ..a
So to $3.50 Per M.
A score or more of lumbermen
were here from Minneapolis and
Saltwater last week to testify in
the case Of the State VS.. c.. A.
Smith & Co., as to the value of
logs in the boom at Minneapolis.
Each and all of these witnesses
were ready and willing to 60 on
the stand and swear that
logs taking six to the M. we're not
worth more than S. or $3.50 in
the boom at Minneapolis, and
several of the witnesses did swear
to these figures. But it seems
that the lumbermen have a differ
ent standard of values for log
transactions among themselves.
In the mississippi Valley Lumber
man of June End, 1898, we find
that logs similar to those cut by G.
A. Smith & Go. on the now
famous school section SO were
worth $1,000 per M. A couple of
weeks ago one Of the largest lum-
Der firms of Minneapolis gave
notice that their mill was going to
saw as long as logs could be OBJ
tanned and they were willing to
pay for logs on the basis agreed
upon last June. It should be un-
derstood that the Mississippi ,Vzz-
leg Leuna6ermaaao is published at
Minneapolis and is the recognized
organ of the lumber interests Of
the Northwest, in fact it. is the
only journal devoted exclusively
to the lumber and log interests
published north of Chicago, and
it's utterances are official. We
quote the article, caption and all,
ve16atima, and be it remembered
the witnesses testified that logs
were worth more in the spring of
1892 than in the spring of 1898.
BASIS FOR LOG EXCHANGE.
LOG OWNERS MEET AND TAKE ACTION
IN REGARD TO SCALING AND AGREE
UPON BASIS FOR EXCHANGE.
A meeting of the log owners of Min
neapolis was held week before last to
agree upon schedule for the exchange
of logs, but no definite action was taken
at that time. Another meeting was
held last Saturday, at which there was
a better attendance. Among other
things, the log committee was empow-
cred to Investigate the scaling done at
all the mills, and in case more help
was necessary to advise the surveyor
general, and if he does not furnish the
necessary help the committee was in
structed to put on the necessary help
promptly.
The log committee was also in
structed to have the boom company
turn the logs as nearly as possible to
the owners, provided that all the logs
be scaled in the mills on the deck or on
the slip, this agreement to hold as long
as necessitated by high water, and in
any case not later than July LIST. The
log turning committee will make trip
along the river between Minneapolis
and Brainerd, and take necessary &C.
ton in regard to the turning of the
logs. A motion was also carried to the
effect that the boom company be in
structed by the log committee to pay
any expenses incurred in looking after
the scaling of the logs.
The matter of basis for the exchange
of logs was discussed at length at the
meeting, with the result that the fol-
lowing agreement was drawn up and
signed by all the log owners in the
city:
We, the undersigned log owners and
manufacturers in accordance with the
action of the Lumbermens Exchange,
hereby agree to settle all exchanges OF
logs upon the following basis: Settle.
ment to be- made on the twentieth oil
each month in logs or cash, at the fol.
lowing values:
Later the log committee decided tc
engage the services of Henry Nc.
Allister as scaler. Mr.. McAllister's
long experiences in every branch Of
the business makes him a most valua-
BILE man for this position.
Logs taking or less to M............. S12 sc
Logs taking over and not more than to
W TIC M. ................... IL 81
Logs taking over and not more tnan to
Tue No.. OBSERVATION-DISCLOSURES. III 81
Logs taxing over and not more than to
Logs taking over and not more than to
| the M ..............t........... 81
| Logs taking over and not more than to