davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1909-06-20
LAW MAY
HELP LUMBERMEN
Federal Incorporation Act
Might Limit Output.
NASHVILLE EDITOR FAvORs IT
Points Out How Supervision Of
Forestry Service Would Work TO
Conservation of Yellow Pine.
Statute Would Be Shield Against
Present Destructive Competition.

II might not be a bad idea for the big
yellow pine operators and stumpage hold
ers and all lumbermen for that matter.
10 line up IN advocacy OF the adoption OF
a national Incorporation law, under the
provisions OF which every corporation.
those doing a private business" as well
as others. could come II they saw At 10 do
so. The suggestion Of a national charter
for corporations has been much discussed
but always with reference 10 public serv-
fee corporations or those enterprises
which for one reason or another have
come TO be looked on as a trust.
We have never seen a proposed national
incorporation law reduced 10 writing. No
doubt the essential feature Of such a law
would be that Of giving the government
supervision over the conduct Of the busi-
ness. and. within certain limits. OF rather
beyond certain limits. a control over the
business. This Is what the yellow pine
business nee6s-supeFvision and control
by somebody.
Supervision and some measure OF con-
troll IN the lumber business is coming
sooner or later at the hands OF the gov
ernment. either state or national II Il
could be had now at the hands Of the
Federal government through the opera
tions OF q national Incorporation law Il
might be coupled with some advantages
that would far outweigh anything 20 be
feared from official supervision OF a pri-
vate business.
II there was a national charter law IN
operation to-day under which any sort OF
The Washington herald., 1909-06-20

sum which would thus be paid out would
go into the treasury Of the Atlantic Coast
Line, which recently restored its oxn rate
10 per cent after paying 8 per cent a
little more than two years
Figured IN dollars and cents, tho Coast
Lines control OF the Louisville since rslz
has been a losing venture. II the cost ot
carrying the indebtedness assumed at
that time IS set OF against the dividends
received on the $3o.600000 Of stock ac-
Quired
The loss 70 date amounts TO from S2.000.-
600 10 S2.500.000. which furnishes another
reason why the directors Of the Louis
vile and Nashville may decide that the
stockholders are entitled TO compensation
for the two periods OF the lowered divt-
dend. This road has picked UP its trafRs
as rapidly as any other line IN the
country In April. with considerably aug
mented gross receipts. operating costs
were held down below those OF the cor
responding month OF a year ago, so that
net earnings after taxes for the tenth
month OF the current year were SH40Oc
larger-an increase OF 66 per cent over
April. 1905.
For the ten months reported net earn
ings after taxes aggregate S121S953, as
compared with $7,9s5121 q year aEo-a
gain Of 81 per cent. Without going into
a minute analysis. II may be demon
strated that on the basis OF this showing
the Louisville and Nashville VIII report
for 1903 net operating income before
charges Of approximately S130oO, 600. or,
including all other income. Of SIS. 600 900
Making a liberal estimate Of $4,000 for
fixed charges and other deductions. the
road Will have left on this showing some
$3.50. 900 for the stock. or $3.50 a share.
Supp0sing that S,700,Oo0 be charged
against this surplus for extraordinary
expenditures. as was done last year
the company could stiH pay a 3 per cent
dividend Of earnings IN the latter half OF
this year and show a balance remaining
Of fully S1,500O00.
In 1903 the road earned a surplus before
deductions for Improvements that was
equal TO $50 a share. Considerations
such as these fairly raise the question
whether the directors may decide not
only to restore the dividend to it's old
rate, but in some way 10 make up 70
stockholders what they lost by the re-
ductiOn
The Washington herald., 1909-06-20
REAL ESTATE TRANSFERS.
Washington Eeishts-CEa-les b Davidson e.
20 Harriet r. DAVIS. LOT - and pan io-

Washington Eeishts-CEa-ies b Davidson e. ux
20 Harriet r. DAVIS. lot - and part lo- ..
block . So
Fourteenth street between B and c streets north
east-SiartIn Y Webb. trustee. e a. 20 san
uel Il Webb. part original l0t ;. square
-G5 SO
Addition % Anaoos-ia-Ro6e-t T. Bradhury e TX
% Grlcs 4. and samuel Q. Matthews. lots a
% T. square SOS. 50.
F0urand-s-hsn street between G ard = s-reets
so1thvest-Heurv =. Hazen e- a. 20 E11ua h.
Landwehr. lots Sc 20 s.. square 81. SO
B-ightEood Park-hitrle AIcLachler % John y.
Keyser. lot H. block . So
Four-and-a-haf street between r and G streets
soathEest-RosR J. Newman e vir. Ho-ztio D.
10 Lewis y. Robinson. par LOT 3 sguzre
49,. SO
Pleasant Plains - HauT Wardzz1 ard Thonls
Bones 70 Earl F. and Ethsl B. Bzrber i0t
g square 5os2 SO
- street southess,-1iary BROOKS e. al 20 Arm
Holland part lot J. square I1. SO.
Fairview Heichts-Edns ID. T. Newton - smith
= Leach lot .. block J. SO
Four-ard-a-haf street between and q streets
southWsSt-John J. Schsuch e w 70 Julia
Bid. part original lots 4 and - SQUARE 55. SD.
DeanEood Heights-JohE ". Grsgory et W -
william T. c. Chesz. io-s 3 and 2. square
Is Sc
II street between fifteenth and Sixteenth streets
uc-thwes,-David J. Kaufman e OK % Henry
H. and Emma L. HazeE. part original lot l6
square 2Zi SO
The Washington herald., 1909-06-20
DEVELOPING WATER POWER.
Plant Near Chattanooga VIII Gene
rate $4,000 Horsepower.

Chattanooga. June Is.-Within thirty
FIVE miles OF Chattanooga there is being
developed the second greatest water pow
er IN the United States With The single
exception OF Niagara Falls. no power that
has been developed In this country VIII
produce as much energy as VIII be sup
piled by the dam which is now in course
OF construction in the Tennessee River al
Hale's Bar. The power plant which Is
being constructed in connection with the
dam viii develop 52.O0O electrical horse
power, which is considerably more than
all the steanpOwer now used in Cha1ta-
nOOga and suburbs
All OF this immense power viii be
brought 70 Chattanooga. according 10 the
present plans. and II is expected 70 give
a great stimulus 20 the Industrial devel-
opment OF the city. Il is believed that
electricity VIII be almost universally
adopted as a motive power by ell the in
dustrial plants now located here and that
the advantage that can be offered BY the
city in the way Of cheap power viii bring
many new factories
The entire project. including the lock and
dam, the power-hOuse. and transmission
lines. represents an investment OF about
100000.
The Washington herald., 1909-06-20
COITON-SEED OIL HARMLESS
French Start Inquiry Regarding
This American Product.
DR.. Wiley Gives Proof 10 Discredit
Words OF Foreign Tariff
Expert.

Special Agent Julien Z. Brode reports
from Msrseilles that u. Pllnchon. a mem
Der OF the French tariff commission, de-
clared publicly at a meeting OF the com
mission that 'cotton-seed oil was injurious
10 the health and destroyed the sbdomi-
nal tissues Owing 70 this allegation IL
was proposed by deputies from Narseilles
and Havre. two points a. which cotton
seed oil is largely handled, 10 solicit NJ
Achille Muntz. OF Paris. a member OF the
Institute OF France and a recognized au-
thority, 10 make a test OF cotton-seed oil
with a view 10 having its whOlesomeness
authoritatively determined before the
schedule OF the pending tarin bill on cot
eon-seed oil is accepted In view OF the
statement above alluded 70 the Bureau
o. Chemistry, Department OF Agriculture.
was requested by 3. T. Taylor. chairman
OF the bureau OF publicity Interstate
Cotton-seed Crushers' Association, TO
make a statement in regard 10 the mat
ter. In reply thereto DR.. Il. W Wiley
chief Of the bureau. says:
NO work has been done IN this bureaC
chemistry on that question. but Bulletin
10 OF Lne Maine agricultural eApeI' .-ilel-t
station gives the digestibiliJy OF fat IN ca
very high-grade cOtt0n-seed meal, 100 per
cent (5j dark color cottOn-seed meal. 81
per cent; Co medium grade cOtt6n-seed
meal. $40 per cent: Cd low grade cot
ton-seed meal. S01 per cent
In bulletin = OF the Pennsylvania az
ricultural experiment station the digesti-
bility OF tat IN cotton-seed meal IS given
al 81 per cent. while IN the Massachusetts,
agricultural experiment station report for
1887 the digestibilty Of fat IN cOttOn-seed
meal IS given as S8 per cent The Arkan-
sas agricultural experiment station bui-
letin IS records experiments with mice
and guinea pigs. IN which the mice were
fed mixture OF Hour. water. and oil. all
baked together. and the same mixture,
together with bran in a raw condition,
was fed 20 guinea pigs.
DR.. Crawford OF the Bureau 0f AMI
nal Industry. makes the statement from
his unpublished researches that his 'ex-
periments point 10 the fact that purified
CottOn-seed oil Is no more injurious than
olive oil or cOd-liver OIL
The Washington herald., 1909-06-20
CANADA PRESENTS EXAMPLE
Northwest Lures 10000 People
Across Border.
South Needs 10 Learn why DiscOn-
tented Go North Rather
Than to Dixie.

The men OF the South who are inter
ested in local development should remain
interested. but at the same time adopt a
broader view relative to the development
Of States not Immediately IN SRch with
them
Excellent reason for speaking to the
men Of the South in favor Of a broader
view is furnished by the text which
Western Canada supplies. Into that re-
gion a great migration has been prompted
by broad methods. which Is one Of the
most significant movements OF. population
in modern times This migration has
largely affected American citizenship for
there are now nearly a half million Amer
leans in the provinces OF Manitoba. Sas-
katchewan, and Alberta.
These expatriates received 1000 new
members during the past year. accord
ing 70 the report Of Dr. John Z Jones
United States consul general at Winnipeg
When the men OF the South realize that
the growing season in Western Canada
is seldom more than 10 days, and that
work in the fields and the growing OF
various crops can go on the year round
in the South, II Is time for them to con-
pie, partially disconnected with conditions
as they found them in the Northern
States, should have gone further north
ward instead Of turning their eyes 90 the
land of promise in the South.
The answer TO the question. Is found IN
the fact that the men Of the South inter-
ested in development have not so far
learned to act together. nor have they
realized the commercial hindIances Of the
South that lie along the direction OF mis-
understanding regarding the South.
All the rich farming possibilities OF the
south have counted for naught in relation
10 half million Americans because they
had wrong ideas about the healthfulness
OF the South. educational conditions DO
litcal and social order
No town carrying on the campaign for
itself and by itself can overcome this uni
versal impression.
The Washington herald., 1909-06-20
LARGER DIVIDEND POSSIBLE
Louisville and Nashville Piling Up
Surplus for the Year.
Present Outlook Makes IL Per Cent
Possible on S6O,OOO,OOO
OF Stock.

The Louisville and Nashville. now on
a 5 per cent dividend basis. Is piling up
surplus for the fiscal year TO end with
this month which should be equal 70
Iz5 per cent on the S6000OOOO stock. This
company took cognizance Of the depres-
sion a little less than a year ago by re-
ducing its dividend.
1t has made up only two semi-annuai
payments at the lower rate, and il Is
regarded as almost certainty that az the
forthcoming directors meeting, 10 be
held about the middle Of this month. al
least per cent VIII be declared. The
Louisville and Nashville could well ar
ford 20 make up TO its stockholders from
this years surplus the loss they suffered
by the reduction IN the rate. II such
action seemed 10 the board 20 be ad-
visable.
The company saved its treasury $4,000
by the reduction. More than half the
The Washington herald., 1909-06-20

that has doomed I'D the price Of stump
age under competition 20 acquire Il IN
private ownership. while the conditions
under which Il has been acquired. and IN
der which II is now held, an lncessant
Increase OF taxes. not TO mention others.
steadily and smperarively impels toward
It's conversion. regardless Of everything
beyond immediate consequences. with an
attendant loss and waste that must be
borne by somebody al some time.
The Forest Service knows that the in
terests OF all the people in this country
would be subserved BY limiting lumber
production 10 what the country viii alb
sorb from year 10 year at prices fairly
remunerative, based on the established
price OF stumpage. This would stin be
true even II abnormslly low prices stim-
ulate consumption 70 some extent and re-
suit In some houses being built that
would otherwise not be built. thereby
scoring some gain in the social status and
happiness Of the people. But this is not
true 70 any extent
Low Prices No Help.
Utilization is not stimulated by abnor-
mally low prices TO an extent that viii
begin to Offset the waste caused by the
manufacture in sacrificing a large part
OF his raw material In an effort TO run his
mill on a product which he can dispose
OF without an immediate loss that win
put him out OF business
Yet despite all this. the only way ef-
fectiye curtailment might be accomplish
ed. through concert OF action by the
manufacturers. is prohibited by the law
and therefore impossible. Curtallnent on
individual initiative is also impossible TO
more than a very slight degree and for
brief period The present acute crisis
viii pass. but similar crises VIII recur
again and again and result IN incalcuIable
and irreparable loss.
The only hope OF permanent remedy
seems 10 lie IN some modification OF the
antitrust laws. A national Incorporation
act. such as we discussed might possibly
open the way. II IS more than twenty
five years since antitrust agitation be-
gan IN this country For nearly twenty
years the Sherman antitrust law has
been on the statute books II has been
discussed without end and amended sew
eral times Il is doubtful II in q single
instance n has afforded any genuine pro-
lection 10 the people II is generally ad-
mitted now 20 stand IN the way OF some
arrangements and agreements that are a
necessity Of modern business. II was
framed under conditions in many lines OF
business very different from those that
now prevail About the net result Of ali
the discussion we have had is 70 bring
about fairly general recognition that
there are combinations and combinations.
some that are hurtful and ought 70 be
prohibited. while others are necessary
and should not only be permitted. but
encouraged This is not a great end 10
have arrived az, but Il Is something Il
Is up 10 Us now 20 see II we can give
shape 20 this recognition IN some plan
that viii create a mOdus vivendi FOR al
least one Of our great and important In
oustries- SOUTHERN LUNBERMAN.
Nashville Tenn
The Washington herald., 1909-06-20
Wnnt TncIe snm ,n Inin

San Antonio. Tex. June 19-Plans are
being laid in this city 10 persuade the
United States government 70 second the
invitation sent by the republic OF Mexico
TO King Alfonso Of Spain. inviting him
to attend the 1910 celebration by Mexico
Of her independence gained 100 years ago
The Mexican government hopes in this
way 10 est-Hlish more cordial relations
between the two countries. II the King
comes. II is planned 10 have him visit
the United States as wen as Mexico.
The Washington herald., 1909-06-20
DEEDS OF TRUST.

Washington Heights-HarTiet R. Davis 20 American
Security and Tr1st ClInrany. 20 seclre Natiolsl
Savings and TTust Company. Soeo. 8 ycsrs. 5
uer cert. szni-anuuslly. part lCr q hiock .
Sans % h. Bradley Davidson anG Luther 5.
Fristoe. 70 secure Charles H. Davidson. $50 /
% years. per cent, seni-annuallT. l0t - and
part lot q block 2
Square 5fo-Emma K Landwehr % Charm Brown
and Henry H. Be1gmann. 70 secure Oriental
RiIiidirg Association. No. G. $500 lots s3 % Sc
Meridian Hill-Rehecca Greenfield e viz. Jacoo %
Theod1Ce Block and John c. ". Beal 70 secTe
John Linder, Sss. months. s per osut part lot
q block z.
square Iso-Simou srigvI e. w. 10 John 7. Ans
and samuel A. Duuy. 70 secure Lee Brown.
s. dO. years. Ter cent. sen-i-annually. lot s.
Square s96-Lewis y Robinson e. uX 20 Frank
J. Dieudonne aud James Berry. 20 seore Per
pctual Building Association. s. 30 par lot 3
RcsuTTCy OF New Scat snd RcSlrFgy OF Durham
Thomas y Hammond e uN- 20 Charles X.
Newman ard Thomas r. Mallsn. 20 secure
Henry NJ Newman. 500. years. s per oent
semi-annusily. part
Pleasant Plains -Earl f. Barber e tx % B. Fran-
els Saul and = Percy Thculpson % sec,re
Harry Wardnan ane Thomas Bones. EI00
monthly payments per cent, lot 3. square
8s2
Columbia Heights-Charics ]. Grusclose et Tx 70
Charles p stone and Charlcs W Fairfax to
secure Carton ~ Bean. S.500. years. rer
cent semi-annuaIy. lot %. square s. sane
70 sane 20 secgre sane. S5o Years. per
cent. semi-aEalaIly. lot s9. s1Eare g.
square 55-Julia Bid e VIZ Charies. % Edmond
FizEcrald and John J. FeEan. 20 secure Er-
terprse Serial Building Association. s. %. parts
original lC1s g. and -
North Grounds Columbia Ccliege-Nellie E Palmer
ef Tir Harmon s. TO Harry l. Rust and David
y. Rust, r.. % secure Harold L. johnson
$3.50. 20 80 months. per cc1t, seuli-annu-
ally lot 90 block A.
Meridian HIS. Gcriah Lsnpkins % John B
Henderson. Jr and james T. simpson. 20 Sc
cure John B. Henderson. Soo. y months 6
per cent. seEni-anncalig pa=t lot %. block Is
The Washington herald., 1909-06-20
Lumberton on a BuIIding Boom.

Lumberton. June 19.-The National Cot
ton Mil viii in the near future build an
addition to the plant which will increase
the number Of spindles from 5000 70 1900.
The latest addition to Lumberton indus
tries is an ice factory, now in course Of
erection by DR.. J. d, Regan- He expects
TO begin manufacturing ice in a few
weeks
The Washington herald., 1909-06-20
METZ BANNER HAY TOWN.
Derives Revenue from Rich Timothy
and Clover Fields.

Metz. Mo. June 19-AIetz claims the
distinction Of being the banner hay town
OF its size in the State OF Missouri Our
crops are timothy and clover, corn. wheat,
and oats.
The farmers in Vernon County are
prospering and land is priced from SO TO
$40 per acre.
We have room for a few good Eastern
farmers and the officers Of the CONNER
cial club have a list OF farms we can
send 10 any one and let them deal direct
with the owners
Metz needs business houses Of all kinds.
We are in the Rich Hill coal district, and
have plenty Of fuel We need some good
company to develop IL ROY BYERLY.
President Commercial CLUB.
The Washington herald., 1909-06-20
IaWHuffH.

No. 5I-E. Ge1-gs A. Ferris IS Arrsus AbdaI
Wahad. certi1-au. De.e-dalts a-rorney Ne-sol
Niiso-
Nc. 5l72s william H. r. Allen "a Edward "
Charlton appeal Defendaur's auEuey. W J.
Lambert
No. 5-E. Harry Lar-son vs. May Y. Paxton
cortior2-i. Desendarts attorney, e. P Hoover.
The Washington herald., 1909-06-20
Nust Have Foreign LabeI.

From Beaumont (Tex-l Enterprise-
A Gainesville creamery has shipped
twenty-seven pounds OF butter 60 Chi
cago and by and by it viii come back
TO Texas with the freight and an Illinois
creamery label added and then the people
OF Texas win condescend 70 eat it.
The Washington herald., 1909-06-20
VIII sonn sfnrt Trolley Line.

II IS expected that wo-k VIII commence
in the near future on the inte-ur5an line
or the north side Of the Arkansas River,
between Little Rock and Pine Biutf. The
proposed line viii run through almost un-
broken cotton planNtions between the
two cities. Il IS a Sery thickly settled
country and the land is OF unparalleled
fertility.
The Washington herald., 1909-06-20
DAILY COURTRECORD
Saturday, June IS, 1902
DISTRICT COURTS.
Equity Court No. ?.

JUSTICE " hl5HL.
No 2iA Walsa e a. rs De1sZ1 e- a. SUP
pementzl decree. Ar-o-ueys. u. ]. Eeane-Hauil-
sou Co3herr Yerkes & Hamilton
No Zs-6 Wilson vs.. Wils11. rule reurla5is
June d Atrornsys. C. T. Tu-ner-Hu-Les d Gray.
The Washington herald., 1909-06-20
Criminal Court No. l.

JUSTICE GOULD.
Assizusuts for June q
United States vs.. ONO FiecEnEcr-
United States "a EuEens HlmU-
United States IA David Jones
The Washington herald., 1909-06-20
Probate CO7rt.

Es-zts u Hsrry A GrlsEuld; petition fox Letters
testanentary- Atto-ueys. Ba-nsr5 4 Johns1c-
Estate o. Her-y A. GrisTcld. wiu ard codicl
Dated March l. Issl; Septenbe- 3 IS. 1Ls-ch q
The Washington herald., 1909-06-20
Company Finishes Station.

The Pulaski Heights passenger station.
in the western part OF Little Rock, Ark.
a handsome brick building, was finished
last week by the Rock Island Railroad.
The Washington herald., 1909-06-20
CireuIt Court No. L.
JUSTICE STAFFORD.

ILoILLE SIT UllU-
No 500 11rrs Metro1o-lIan S-rs-y Con
pany: APPEAL noted bo1d. S-oo- Atto1eys, Ha-l-
tcn 4 Co5be-t and :. J. Darli1g-1c-C- A DoCslas
aad z 3. She-7iL
The Washington herald., 1909-06-20

A patent has been granted 20 q Tennes-
see man for ar attachment 70 a cradle
that waves fan over the occupant a.
the cradle Is rocked
The Washington herald., 1909-06-20

There are more than 60 women study
ing medicine az French universities Al
present Paris has over 100 members OF the
fair sex who are physicians. many OF
them holding Snporrant posts IN connec-
ton with schools.
The Washington herald., 1909-06-20

a private business carried on by a corpo-
ration could come II It saw III. and II a
hundredFor so OF the biggest yellow pine
concerns did so see n there IS no doubt
but that a policy OF curtaflment OF pro-
ductioR broad enough and deep enough
and continued long enough 20 put the
business on a basis of legitimate profit
could be speedily pun into effect and
brought about IN a way that would an
tagOnize no intelligent public sentiment
and which would soon be found not only
not 70 injure any one but 20 benefit the
whole people 81 checking a reckless and
outrageous waste Of a resource that can
never be replaced and the dissipation OF
which touches the very fundamentals OF
the COUntrys habitability.
There is q special argument FOR the sli-
pervisiOn and control OF public service
corporations. as most o. these enjoy spe-
cial privileges granted by the people
through gOvernment-the right OF con-
demnatiOn for instance. But the ten
dency Is steadily toward putting the ar
gUment for such supervision and control
on a broader basis than this-on the broad
general grounds that any kind OF busi-
ness. the conduct OF which directly and
vitality affects large numbers OF the peO-
pie, and Tor long periods Of time. should
be conducted with regard 70 the welfare
Of al the people.
On this basis the lumber business might
well be brought within the scope Of those
industries TO be supervised, particularly
the yellow pine lumber business. since
most OF yellow pine timber grows on soil
that for generations will find its maxi
mum remunerativeness in producing
timber growth.
Would Have TO he Broad.
No national incorporation law could. OF
course. be framed with reference TO any
particular industry. II would have TO
embrace all lines. The reciprocal advan-
tages or easements. however, might be
worked out with a direct reference 70 the
needs and circumstances OF each business
and the necessary measure OF protection
for the people against abuse The lumber
business naturally comes uppermost in
mind in considering such a suggestion.
partly because OF the dire conditions that
now confront the men engaged In that
business and because the Federal gov
ernment. through its Forest Service, IS
more intimately informed OF the true con-
ditiOns OF that business and the problems
II presents 10 the private owners OF the
supply Of raw material upon which II is
based than any other.
The Forest Service knows that Il Is the
very fact OF the very limited supply OF
this raw material, and the recognition OF
the impossibility OF it's replenishment,
The Washington herald., 1909-06-20
HIechnnic,s Lien

No so1l. Ornamental Iron Works IS OEen Owen.
-esail l51s 4 s-7eet no-thE1s-; S,sL AJuorney. J.
A. Ba-karc.
The Washington herald., 1909-06-20
KENTUCKY SCHOOLS
ON A new BASIS
State Facilities Now Work
ing for Rural Education.
PUBLIC SENTIMENT AwAKENs

Legislature ReOrganiEes System and
Authorizes a Commission to Perfect
It Educational Association Chief
Factor in ArOusing Citizens 10 Do
Their Duty-ResuIt Satisfactory.