The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950, 1916-09-24
"HoDLYHoCK HOUSE.

by Marion Ames Taggart. Illustrated by
Frances Rogers. Doubleday Page &
i Co., publishers, Garden City, N. Y.
A pretty story for girls full of sunshine
and joyous life, is this new volume which
Marion Ames Taggart has added to the
Aong list of books with which she has won
IN admiring audience among girls In their
early and middle teens. The scene of it is
n charming old house and beautiful old
garden in a little upstate town near the
Miudson river. 1t is rosebud garden of
,xirls" too, for in the house live three sis
Eers, the Oldest just poisoning into wom-
Rnhood, each one different from the 9TH
sers, and all of them lovable. The story
aningles the account of how their mother,
Nvhom they had thought dead, comes back
TO them and they delightfully."- coddle and
noye her into new attitude toward them,
and of various other impulses and warm
hearted deeds that bring about import
ant consequences, with descriptions of
Aheir care and love for the garden and
the fetes and marrymakings they have in
connection with it. The tale is written
with much sprightliness and gayety. the
characters of the three girls are strongly
differentiated and each one is infused
with sense of personality. The audi
ence of young girls for whom 1t is
meant will find it charming story from
which they will unconsciously absorb fine
ideals of daily conduct and have freshened
and strengthened their love for growing
things.
REVISED VALUATIONS AND
RATES"
By Mark Wymond. Wymond & Clark
publishers, the Rand-McNally buii1ing,
Chicago.
This book is intended primarily as a
he and
their relation to valuation and rate reg
S1lationL In view of this fact the reader
is entitled to an explanation OF why the
1irst four chapters are devoted to what
ut first seem unrelated subjects
No discussion in regard to the proper
basis for rate making can last very lone
without reference to capitalization anc
valuation The discussion on capitaliza.
zion finally turns on the abuses practiceo
in the construction and promotion o.
railroads Promotion and construction
are most intimately connected with capt.
talization--in fact, very much more sc
than Capitalization is with rate making
There is seemingly some confusion OF
the part of some authors and publicists
IN rega I'd to the facts concerning and the
conditions surrounding the promotion an6
construction of our railroads and the re-
lation which such facts and conditions
have to capitalization. Many of us have
come to accept these widely puphshec
interpretations of facts for the fact
themselves, generally because we do no
take the time to make the investigation
necessary to determine their accuracy.
TIL general impression one gets from
much of the discussion and criticism O.
the railroad situation is that the origina
hromoters of railroads have invariabl,
vped enormous, and hence unearned
Yards; that the construction of tn
syats has been attended invariably b!
fraud and that the most of the origina
rehabilitation, and all of the increases
IN the last 20 years, represent only thu
s.nerve' of the fnacier in injecting watel
into railroad securities.
The writer has had some thirty years
experience in connection with the promo
<fon. construction. reconstruction, oper
alton and valuation of railroads, as al
cnrfneer in the service of railroad cor