Clinch Valley news. [volume] (Jeffersonville, Va.) 18??-2019, 1921-07-22

Former Senator Il. C. Folkcs, OF the
city of Richmond, is n candidate for
membership on the State Corporation
Commission, subject to tho Democratic
primary Of August the end, 1921. lie
served IN apprenticeship Mt the Inu-
chinist trade; later studying law and
graduating therein at Richmond Col.
lego in 1896; shortly thereafter he was
elected us mcmber of tho House OF
Delegates from tho city of Richmond,
and i'll 1908 was elected to the State
Senate, returning in 1912, but resigned
TO accept membersh on the Admins.
trative Bonrd OF the city of Rich,
mond. During this period he was On.
gagged in the fruit industry near Gro.
yet, in Albemnrle county. Aftcr the
world war he WIS called into the ser
vice of the United States government
OH tho Board of Contract Adjustment,
which dealt with contracts of the
United States for war material; he
later resumed his practice OF law IN
the city Of Richmond. Mr.. Folkcs is
now forty-oight yenrs of age.
During the time that MIR. Folkcs
was In the Legislature he was tho
patron of the Inv that put vcstibulcs
on street cars; the law that sub.
jccted public officers TO the payment
Of their debts to the same extent us
other citizens; took II prominent part
In the semi-monthly payday law; was
the patron of the first law that put n
considerable number of convicts on
public roads; was joint patron OF the
bill, with Senator Strobe. that evcntu-
ally caused the Richmond. Frcdericks-
burg and Potomac Railway to take
out now charter, under which It
pays the same taxes as other rail-
roads of the state; and many other
laws extremely beneficial to the gen
crnl public.
During his six years of service with
the government Of the city of Rich
mond he was brought into direct con-
tact with the management and super
vision of public utilities of all de.
scriptions, and his many friends claim
that this especially makes him desr-
nble as q member of the State Corpora
ton Commission,
Mr.. Folkcs has sharply criticised Mr..
Adams, his opponent, for his failure
to vote in the Chesapeake and Potomac
Telephone Company or Bell concern
ratio case, disclosing that Mr.. Adams
took ono year, loss two days. in which
to consider tho problem and solved it
by voting neither for nor against the
Increase. Senator Folkcc has declared
for q reduction Of this rate allowed by
the Commission, because tho Corpora.
ton Commission in its written opinion
admits that the Chesapeake and Po-
tomac Telephone Company pays Al per
cent OF its entire gross receipts TO
its parent company, tho American
nj ,N1
That this company. boahts That 1T
owns nine.tcnths of tho stock of the
affiliated companies md that in the
year of 1920, the year the State Cor
Doration Commission raised tho rntos
in Virginia. tho "paront company"
earned approximately $11.70 por share
on its ovor $450,0o0,00000 Of stock.
This is evidenced by. circulars sent
out by tho "parent company" to soil
moro millions in stock Mt $4,000 per
share. Mr.. Folkcs hns declared In
speeches delivered in various portions
Of tho. state. that tho leading mon
throughout tho country have declared
for rnto reductions md that if elected,
no will certainly do his host to reduce
rates whorover above described condi-
tions exist.
He stands Bqunroly for tho nboli-
ton Of tax on bank deposits, claiming
TINT it will benefit agriculture, n0m-
merce and banking. and that tho State
Corporation Commission should mako
n Recommendation TO tho Legislature
on this subject. matters pertaining to
state banking being peculiarly under
the Commissions Jurisdiction, AZ IL
shown by tho laws and tho State Con
stituti0n. He further points out that
our citizona should have their rights
to nssist in public improvements re-
stored. rs they existed under all form
or constitutions. In other words, See
tion 1873 Of the present State Constitu.
ton forbids the state or any of iie
subdivisions from giving aid, and so
without pledging the state or any OF
its subdivisions to anything he con
tends that they should DO free to MS
sist in public improvement, as before
the present constitution. if they so dc
sire,
Mr., Folkes has received assurances
of support from all sections of the
state, and in such numbers ms to lead
his friends to believe that he will be
unquestionably elected MS a mcmbc.
on the State Cornoration Comm;,s;,,