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, THE ATLANTA GEORGIAN AND NEWS. JUDGE HILLYER AND CALLOWAY ON COMMISSION Continued from Pago On*. formal speech, printed in full below. Chairman McLendon said: «Mr Hill. I want to thank you por- «finally for your wise and careful work in this commission. Your forecast as to the future of this body, X believe, will prove correct." Counsel to Commission. Attorney General Hart called at this time, and asked to be advised as to his future connection with litigation of the commission. He sold that he un derstood that under the new law Judge Hines was the exclusive counsel of the commission. Chalrmar) McLendon stated that judge Hines was compelled to be ab sent In Toombs county on account of Important lejal affairs, and that he would be pleased to have Judge Hines «id Judge Hart discuss this phase of the question before the next meeting of the commission on Friday. Chairman McLendon then outlined the Immediate work on the cominis- Hon He said that under the new law the exact position of the commission as rerards demurrage matters was not Clear, and that Judge Hines would be called on among the first things to make this point clear. The question of the passenger fare reduction was then taken up. Chair men McLendon said that this order would be effective on next Monday, September 2. In the meanwhile he thought all of the commissioners would study this order to see If accorded with their own views. It might be deemed expedient to further postpone its en forcement, to amend or change In some **He said that while no one had said anything to him relative to the proba ble course of the railroads regarding the rates, he understood that the Geor gia and Atlantic Coast Line. In the 51-4 cent class, wanted to be put In the 21-2 cent class. Want List of Passes. It was at this time that Commis sioner Callaway sprang a surprise. He suggested that It would be a good Idea to call on all tho railroads for a list of persons to whom they hod Issued passes and for what purpose. . "It might be easy to get a list of those to whom Issued, but for what purpose not so easy," laughingly sug gested Commissioner Hill. Chairman McLendon expressed the view that under the bill the commis sion would probably have power abolish the Issuance of passes to any- FOX & ROSENFEL 401-402 EMPIRE BUILDING. INSURANCE. BELL PHONE 1115 SEMI-ANNUAL STATEMENT For the six months ending June 30. 1907, of the condition of the Virginia State Fire Insurance Company OF RICHMOND, Commissioner Callaway held to the view that If the list of pass holders was made public that It would have the ef fect of stopping the trouble. He was requested to put bis suggestion In the form of a resolution, which he did. - It provides that on October IB, the commission will call on the railroads tor a list of all passes issued during the month of September. There will bo further discussion of this matter whin the commission meets next Friday. Callaway Is Prominent. Fuller E. Callaway, one of the new commissioners. Is from LaGrange, where he is a man of large afTalrs. He la a banker, merchant and manu facturer, and for many years has made a close study of railroads and the transportation problems. He has fought for lower ratee through the United States supreme court, and for many years has applied himself closely to a study of the ques tion. He Is about 40 years of age, and full of vim and with Infinite capacity for hard work. It was only after*. long consultation with Governor Smith that he agreed to accept a place on the com mission, and then for no definite length of time. His appointment Is consid ered an exceptionally atrong one. Judge George Htllyer te one of the best known men In Atlanta and the state. For over ten years ho has da- voted himself to a study of public utili ties and has been and Is a strong ad vocate of municipal ownership of pub lic utilities. Years ago Judge Htllyer was auditor of the state road. Afterward he was a large stockholder and a director in the Georgia road. When he resigned from Organized unfler the laws of the state of Virginia, made to the governor of the state of Georgia, In pursuance of the laws of said state. Principal office. Fifth and Main Streets. I. CAPITAL STOCK. 1. Whole amount of capital stock 2200,000.00 2. Amount paid up In cosh 200,000.00—2200,000.00 il. ASSET8, Total assets of the company, actual cash market value..-.. .. ..2824,901.09 III. LIABILITIES. Total liabilities 2S34.90i.09 IV. INCOME DURING THE FIRST 8IX MONTHS OF THE YEAR 1907. Total income actually received during the first six months In cash 2385.724.27 V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE YEAR 1907. Total expenditures during tlie first six months of the year In cash 2300.837.47 Greatest amount Insured In any one risk 2 20,000.00 Total amount of insurance outstanding 47,492,249.00 of the lnsurahce commissioner.' STATE OF VIRGINIA—City of Richmond. Personally appeared before the undersigned, Robert Lecky, Jr., who, be ing duly swom, deposes and says that he Is the vice president and secre tary of the Virginia State Insurance Company, and that the foregoing state ment Is correct and true. i ROBERT LECKY, JR. Sworn to and subscribed before me this 30th day of July, 1907. io wotii uaj ui ipui. CHARLES O. SAVILLE, Clerk of Chancery Court of City of Richmond. rd f (The same being the court of record for said city.) Name of State Agent—CARLTON Y. SMITH. Name of Agent at Atlantar-FOX & ROSENFELD. SEMI-ANNUAL STATEMENT For the six months ending Juno 30, 1907, of the condition of the Rochester German Fire Insurance Go. OF ROCHESTER, Organized under the laws of the state of New York, made to the governor of the state of Georgia, In pursuance of the laws of said state. Principal office. Main St., West, Cor. Irving Place, Rochester, N. Y. I. CAPITAL STOCK. 1. Whole amount of capital stock 2500,000.00 2. Amount paid up In cash 600,000.00—2500,000.00 II. ASSETS. Total assets of the company, actual cash market value 22,201,205.67 III. LIABILITIES. Total liabilities 22,201,305.07 IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1907. Total Income actually received during the first six months In cash 2 061,576.12 V. EXPENDITURES DURING THE FIRST SIX MONTH8 OF THE YEAR 1907. Total expenditures during the first six months of tho year In cash 2 518,130.21 A copy of the act of Incorporation, duly certified, Is of file In the office of the Insurance commissioner. STATE OF NEW YORK—County of Monroe. Personally appeared before the undersigned, H. F. Atwood, who, being duly sworn, deposes and says that he Is the secretory of the Rochester Ger man Fire Insurance Company, and that the foregoing statement Is correct and true. H. F. ATWOOD. Secretary. Sworn to and subscribed before me this 31st -day of July, 1907. JAMES M'AULIFFE, Notary Public. Name of State Agent—ARTHUR B. FOX. Name of Agont at Atlanta—FOX A ROSENFELD, 8EMI-ANNUAL STATEMENT For the six months ending June 30, 1907, of the condition of the Jefferson Fire Insnrance Company, OF PHILADELPHIA, Organized under the laws of the state of Pennsylvania, made to the gov ernor of the state of Georgia, in pursuance of the laws of said state. Principal office, 425 Walnut street. „ I. CAPITAL STOCK. Whole amount of capital stock 2 200.000.00 .21.074.888.06 that position he disposed of all his railroad holdings. Judge Hlllyer Is a man of large means. Is noted for his sound common sense and perfect fairness. His hobby now Is his Clayton county farm, where he finds his chief recreation. He Is in perfect accord with the governor in all matters pertaining to railroad regula tion and public utility questions as they may arise In the commission. Why Savannah Lost. A. B. Moore, of Savannah, who was presented to Governor Smith as the choice of the Savannah board of trade, was regarded as not only a supporter of Colonel Esttll In his race for gov ernor, but one of the principal mana gers of hts campaign.. The views of Colonel E&tlll and of Governor Smith as to the work of the railroad commis. slon radically differed. The objection to Mr. Moore was not simply a personal one. In that he had supported Colonel EstUL but It went further. As he was one of the mana gers of Colonel Estill's campaign, the conclusion necessarily followed In Governor Smith's mind that he approv ed Colonel EstlU’s views Governor Smith could not entertain tbe thought of appointing any one upon the railroad commission who co incided with the railroad views ex pressed by Colonel Estlll and his pa per during the campaign. On Friday, Immediately after learn ing of the action taken nt Savannah In presenting the name of Mr. Moore, Governor Smith turned In a different direction and the selection of Fuller B. Callaway was the result. heaval has come In an era of great prosperity and repose, Is little less than providential. The powers of this com mission under the recently enacted law are so great, that their contempla tion must produce an arresting sense of soberness on the part of those clothed with this great responsibility, 111 prepared laws, on the one hand, and the almost boundless prosperity of our the the owners of our railways to such ex travagance In the Issue of stocks and bonds, that these have far exceeded actual Investment, and have reached such proportions that many of these stocks and bonds are looked upon as a form of capitalised Ignorance of the people. Stocks and bonds that do not represent Investment are a mortgage upon the productive energies of our people that Impairs our national com petitive power. Half of II Water. “Our total railway capitalisation, June 30, 1907, exceeded thirteen bil lions of dollars. It Is estimated by ex perts, like William B. Marks, of Phila delphia, a civil engineer and railway builder of nearly forty years’ expert- ?. nc „ e ' promoterv the defrauding of tl«rinveet. represents water. _ If “ho-half of or and the impoverishing of tho pro- over this subject, and unless the states, with firm hand, resolute purpose and on Intelligent, practical and wise lines, shall treat this national canker of over. capitalization, there will be no cure. “Four classes of persons are Interest ed In railroads. First, tha promoter, who Issues and sells bonds and stocks; second, the Investor, who buys them; third, the people, who pay the freight, and fourth, the manipulator, whose clever legerdemain la practiced under the sanction of ill conceived and 111 executed laws. The first three classes are entitled to tha protection of the law. The last Is not, for he Is tho f lUbllc enemy. The promoter, who cap- tallies the actual Investment, plus a liberal value put upon hie labor and his brain. Is entitled to protection and to encouragement. The investor should be protected by the state, because that which he buys Is Issued under its sanc tion. The freight payer Is entitled to protection, because be must foot all the bills. This commission and this ad ministration will strive to the utmost to preservo and protect and advance the Interests of the promoter, the in vestor and tho rate payer, to the end, and in the hope, that thi e power of the state shall no longer be used by the manipulator to the discrediting of the this water, or three and a quarter bll lions of dollars, pays only tour j4r pro- cent, then the producing masses country must pay annually one hun dred and thirty million dollars Into the pockets of those whose fortunes are bullded upon state franchises to Issue stocks and bonds, to charge tolls, to exercise the right of eminent domain, and to enjoy personal Immunity from or and the impoverishing ducer, "We are not commissioned by the no ble people of this great etate to wreck our railroads, nor are we expected to punish their owners. We are nere to servo, to help and to advise, and the first advice we have to give Is to tha owners of our railroads, and that advice men, and notably so with our traveling men, with whom time is always money, ay was the result. Mr. McLendon’s Address. liability for "the debts of corporations. In accepting the chairmanship or the Q )ant , hat America Is, tht competitive ** ■* * ' power of her producers of cotton, groin and manufactured articles la reduced by the necessity of their paying In " n' * ‘ Is, briefly stated: Quit politics, q Wall street, and go back to rallroadli [Ult commission, Mr. McLendon said: I cordially thank you for tho honor of being elected chairman of the rail road commission of Georgia. "Whatever applause shall come to this body from tho righteousness of Its conduct, must bo equally shared by Its members, and whatever condemnation may como, as the result of our mis takes, must be equally borno by Its nlembers. This commission has been reorganised, and has had It* powers grcntly enlarged at the most critical period of American railway history. A * i.i la nnw aVldl continental upheaval Is now shaking our country, and the fact that this up- transportation charges the sum of one hundred and thirty million dollars as annual Interest on uninvested capital, before their cotton, or grain, or manu factured articles can reach the mar kets of the world.' This Is one crime of over-capitalization, tho other Is, It works, under the forms of law, a wrong ful distribution of the products of la bor. Power of the States. "The states alone can create corpora, tlons and regulate their capitalization. The Federal government has no power The nearer you get to the people and the better you serve them, the simpler you are going to render the solution of a world-wide problem. These owners of our railroads have too long neglect ed their property. They have for en tirely too long a period contented themselves with looking at and com paring statements of earnings and ex penses. They have too long forced our peoplo to ride in disreputable cars and over unsafe roadbeds, to wait on de layed trains at stations utterly devoid. In many Instances of the simplest pro visions for comfort; to beg ae suppli ants for the correction of errors in freight charges. They have broken schedule connections, to the annoy anoe, delay and expense of business Last Days of the Reductions Will Positively Be These Suits at $10 $16.50 to be They were $20, $18, and $15—and best values had at those prices. New styles, every one of them —smart worsteds, homespuns, novelty crashes, plaids. checks and Peet & Co & Marx— H August Sale Withdrawn Saturday osiery at Half Great line of 75c and $1 Fancy Hose on sale at 50c for choice- new patterns in fine lisle with embroidered “clocks,” plain col ors and mixtures. Pajamas at Half Pajamas are price. Par- Made by Rogers, and Hart, Schaffner no further recommendation of h ne a t quality necessary. Samples from the line in show window. Summer weight now. selling at half ticularly good assortments in the line at $2; the$3 line at $1.50; the $2 line at $1, and the $1.50 75c. Daniel Bros. Co. L. J. DANIEL, President. 45-47-49 Peachtree Street. comfort of ladies and children, Inoompatent Officials. "They have placed, In some cases. In competent officials In charge, and un der these incompetent men. In hundreds of instances, shippers, foiling to rocelve proper attention at headquarters, or falling to find any headquarters, have been compelled to pay subordinate em ployees for the privilege of obtaining cars for the movement of their freight. They have permitted their tracks to de teriorate until life and property were unsafe. They have permitted their mo tive power to run down to such an ex tent that making schedules. In many Instances, was Impossible, and to such an,extent that the arrival of a train on. schedule time has been a matter of surprise. They have delayed the set tlement of small claims for overcharge, clear, unequivocal and Indisputable, until shippers have felt outraged. In dignant and helpless, and sometimes offended at the scant courtssy shown "them whan making efforts to adjust matters too plain nr argument Tht man with tha big claim can take care of himself. It Is tho 10,000 men with small claims that need the protection of the state. "It it unnecessary to attsmpt a full catalogue of all tho grievances tho people have. It Is enough to say that this commission, and the governor of this state most earnestly desire that the railroad companies, who sro the owners of our public highways, shall furnish to ths people safe roads, com fortable oars, suitable stations, prompt and efficient service, and that they shall charge only just and reasonable rates. This is ths purpose of their being. Investment can never be the •ole basts for (he construction of rates, but within proper limitations It is the ultimate measure of their reasonable ness and hence a matter of vital pub lic concern. State’s Rights, "Governor Smith and this commis sion both have a realizing sense of the great doctrine of state rights, In Its due proportion, and neither has any fanatical views to exploit upon this subject. It Is ths earnest desire of both that the credit of the railways In the state of Georgia shall bo higher than the credit of the railways In any other state In the union. It Is the earnest desire of both that those great business enterprises shall resume their place In the ranks of business enter prises. and shall be withdrawn from the field of freakish, feverish and hox- •rdoue speculation. It la ths earnest desire of both Governor Smith and this commission that ths day sball speedily return when the people of Georgia •hall again feel safe In putting their money In the securities of the railroads In this state. These are the ends to which this commission dedicates Itself for the fu ture. The capital that la here wilt be honestly and fully protected, and fairly treated. Capital that It to come hers will be earnestly welcomed and fairly treated after It comes, and It Is the belief of this commission, and of the governor, that the securities of rail ways hereafter constructed upon a basis of capitalisation more nearly approximating the actual Investment will be sought for by Intelligent In vestors In preference to the securities of older roads which. In our era of riotous and frenzied finance, may have been over-capltallxed. We con protect tbe old, welcome and protect tha new and yet all the time and everywhere grotet tbe people. This Is our prom- II. ASSETS. Total assets of the company, actual cash market value... III. LIABILITIES. Total liabilities 21.074.888.0i> IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1907. Total Income actually received during the first six months In CfUh ,,,j 487 859.09 V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE YEAR 1907. Total expenditures during the first six months of the year in fdoh 2 348,896.21 Greatest amount insured In any one risk.. ..2 20,000.00 Total amount of insurance outstanding 71,338,446.00 , A copy of the act of incorporation, duly certified, is of file In the ofilce of the Insurance commissioner. STATE OF GEORGIA—County of Fulton. Personally appeared before the undersigned, M. B. Yates, who, being duly sworn, deposes and says that he is the general agent of the Jefferson Fire Insurance Company, and that the foregoing statement is correct and true. _ M. B. YATES. Sworn to and subscribed before me, this 24th day of August, 1907. W. H. RHETT, Notary Public. Name of State Agents—HUGHES A YATE8. Name of Agents at Atlanta—FOX & ROSENFELD. $175.00 Saved on a Business Course how BAGWELL BUSINESS COLLEGE, 198 PEACHTREE ST., ATLANTA, saves the student time and money. CHARTIER. Contains ten simple rules, fifty-two word signs and the alphabet. That's all. Pupils accept positions, and hold them, In twalvs weeks. Can bs written 20 to 30 per cent foster than old systems, and represent three times more reading power. Cost of scholarship $45 00 Living expanses—three months. .$60 00 Total cost $105 00 OLD SYSTEM8. Graham, Munson, Pitman, etc. Contain several hundred rules, al most aa many exceptions, thousands of hard-to-memorise word signs and a vast number of awkward outlines and contractions. It requires five to eight months be fore the average student can accept a position. Cost of scholarship $ 40 00 Living expanses—six months ..$<20 00 Salary three months’ time lost.$120 00 Total cost .,..,.$230 Oain by tsklng tho Chsrtlsr ..$175 00 00 The above explains why the schools teaching the old systems have been compelled to cut rates. BOOKKEEPING BY ACTUAL BU8INESS. Tho head of this depart, ment Is an expert accountant, and penman who has few, If any, equals in the South. TELEGRAPHY taught by operator and teacher of seventeen years' expe rience. Deaths and Funsrals Miss Ella Ayooek. The funeral services of Miss Ella Ay- cock, aged 17 years, who died Satur day afternoon at h^r resldenco In Edgewood, were conducted Sunday morning at 10 o’clock. The Interment was at Tucker, Go. and will bs our performance." MOTHER FOLLOWS DAUGHTER TO GRAVE Mrs. Julia 8. Potter, sged 61 years, the wife of Georgs A. Potter, died after s short Illness Sunday afternoon st the residence of her daughter, ^Irs, 8. 31. Willingham, on tbe Meson Thomas Adams. Tho body of Thomas Adams, who died Saturday morning at the Grady hospital, la being held at the undertak ing establishment of Greenberg, Bond ft Bloomfield until relatives are heard from In Mectmntcshurg, Pa. The right thing in the right place at the right time—the fifty-cent mid-day luncheon at The New Kfmball Palm Garden. FUNERAL NOTICE. Paul 8inor. Paul Slnor, tho Infant eon of Mr. and Sirs. W. H. Slnor, died Monday morn ing at the family residence, 165 Main street. The funeral services will be conducted Tuesday afternoon at 1 o'clock. Tho Interment will bo In Casey's cemetery. R. A. Jackson. The funeral service* of R. A. Jackson, aged 26 years, who died Saturday morning at his residence, 21 Capitol avenue, were conducted Monday after noon at t o'clock. The Interment was In Westvlew cemetery. Mrs. Annie B. Rsnsome. The funeral services of Mrs. Annie I „ i stally tt_ _ Tltcrt ti> ntteml the fusoral of Mr. Well- horn Hill at 8t. Mnrk M. B. church 10:30. Ji Interment nt Tuesday morning st 10:3 Oakland. The following gentlemen bare lieen se lected from the office of tbe Fbsolx In. are 1:10 o’clock st ths undertaking psrlors nf If \f lleltenon «»' of II. M. Patterson. 16 North Forayfh street: R. A. Uediilng, K. C. Jones, It. R. Fullers W. C\ Stanley, Krtiest U. Waltt. F. I\ Isester. NEGRO IS KILLED B. Ransoms, aged 34 years, who died Saturday morning at her residence, 15 Lawshe street, were conducted Mon day afternoon at 1 o’clock. Got White, a negro, wns fatally stabbed In Hillman's saloon nt 54 Decatur street nt 11 o'clock Monday morning. He died about fire minutes after being takes to the Ursdy Hospital. John Mesas ind George Chapman, two , Vivian Dawson, Tbs funeral services of Vivian, the Infant daughter of Mr. and Mrs. E. TV. Dawson, who died Sunday at tho fam lly residence, corner Piedmont nvenue and Tumlln street were conducted Monday afternoon at 3 o'clock. SHARE IN CENTURY SOLD TO BLACKS _ _ ltd. Potter, died Aafuat 8. iiivIxiDiI. »he In nirrtved !»y j her hotlKi fire daughters, Mrs. It M. Willingham. of Atlanta; Mra J. II. Worley, of Marietta, sod Mlasei, fleusle. Eula and Hattie, nr •00, George A. Potter, hour to bo decided later. The Interment will be lu Oakland ceme tery. Special luncheon served daily at The New Kimball Palm Garden. 50c A reel estate deal Involving s half Inter est In the Centory building was consum mated Saturday, when B. P. Black A 8on purchased from the George W. Scott Invest ment Co. M per rent of the stock In the Century building Company. Just what price was paid neither party to tho transactlob would say, bnt It Is gen erally hollered to have bees In tho neigh borhood of 2150.000, the porekasere tsaumlng certain Indebtedness. The capital stock of the company Is 2350,- gW. bnt since tbe time tbe building was crested It has ineri-naed ceastilenUy la valne and consequently the stock la more valuable now than then. Charles II. Black, of E. P. BUck & Son. said bis firm had made the purchase and that It might be held and that possibly It would he sold, but that the stork had been transferred to K. P. Black ft Son. The stock of the building company wss owned by tbe George W. SPott Investment Company and. It Is generally understcoL by the Atlanta National bank. The 8eott negroes, were arrested by Officers Itosser and Roes and are held st the police station. White, It seems, engaged In t qnarrcl In the saloon, end he was stabbed In the abdo men jnat aa he reached the door leading Into tho street. SUIT TD BE ENTERED BY Special to The Georgian. Savannah, On., Aug. 26*-The third Income bondholders of tho Central In Savannah have received communica tions from La sard Freres, a French firm on Wall street, advising them that the firm would go Into court. They proposed to contest In a legal way the decision of the directors withholding the dividends on tht four millions of third income. heirs of the lets George W. Dcott. Art Lamps No prettier lamps than ours, none more grace fully artistic, more pleas ing in outline and soft rich color combinations arc to be had anywhere. From ten to one bun? clrcd dollars. Maier & Berkele - -■ i