Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-04-08

published Part III OF ita report on
Transportation BY Water ia the United
States. Parts I and II. already pub
llshed, dealt with physical character
lstics Of waterways. floating equip
ment, and wnter-borne traffic. Part
III took up cxhnustivcly the subject
OF water terminals. pointing out tho
importance OF the terminal as n vital
part OF an effective water transporta-
ton system. the striking degree TO
which water terminals are now COM
trollcd by the railroads. the natural
competitor Of waterways; the lack OF
any consistent policy of water termi-
nails; the disastrous effect OF the PRES
ont situation on water traffic. and the
need for cooperation between the fud-
eral government and localities In pro-
Vlding terminals This report mas had
very gratifying effect. both IN influ-
cnoing public opinion generlily on the
subject and IN lts use IL specific con-
troversles. wher II has been referred
to by various bodies, and also by tho
courts. az authoritative i'm setting forth
certain principles Of transportation.
on February 10. 1911. the bureau
published a summary of Part ! of It's
report on the Lumber Industry. This
part dealt with the standing timber
OF the country rs amount, distribu-
ton, and ownership. The most im-
portant facts shown IN the report re-
late TO the concentration OF a doml-
mating control of our standing timber
IN comparatively few vast holdings.
the enormous Increase In the value OF
this resource. and the unfortunate ef-
feet that our iong-standing public
land policy has had Ia producing such
concentration.
Al the end OF the fiscal year the
bureau issued Part ! of les Report ON
the steel Industry This part dealt
with the organization, Investment
profits. ana position OF the largest cor
poration IN the country, the United
states steel Corporation. Il gave an
elaborate analysis of the relation of
assets TO capitalization. and especially
criticized the corporations tendency
toward monopOlistic control of ore.
the basis OF the industry, particularly
rs evidenced IN the sO-cRlled "Hill
lease II also criticised the unduly
high freight rates charged by the
steel corporation for carrying ore over
the corporations ore railroads. With
In a few months after the issuance OF
the report. the corporation announced
It's intention 10 concel the Hin lease,
and also reduced by about 10 per cent
the ore rates on lts northern ore rail-
roads
AZ the end OF the fiscal year there
were still pending. as work on hand.
investigations into the International
Harvester company and concentration
OF water power ownership, as well as
continued Investigations Of the steel.
tobacco ava lumber Industries, trans
poltation by water power ownership,
as well az continued Investigations of
the steel, tobacco, and lumber indus
tries. transportation by water. and
corporate taxation.
The bureau IL now allowed by law
To publish only $500 copies Of a given
report IN one fiscal year This unfor-
tunate restriction should be enlarged.
The present and increasing demand
for these reports IN so great that the
bureaus supply Is frequently exhaust
ed IN three oT four months. AMI large
numbers of requests must be denied,
Considering the Importance OF the SUBJ
ject matter OF those reports, the vast
amount OF work involved therein. and
the urgency OF the demand, the limi-
tation OF $500 copies IL absurdly In
adequate.
Very respectfully,
HERBERT KNOX SMITH,
Commissioner OF Corporations.
To HON. CHARLES NAGEL.
Secretary OF Commerce. and Labor.