Newspaper Page Text
EIGHT
Two Hour Session Wednesday on
A.-A. Rate Matter By Commission
Relations of Georgia-Carolina Power to Augusta-Aiken Rail
way and Electric Corporation Defined at North Augusta
Hearing.
Vlop-Prßsidßnt J. H. Pardee of the
Augusta - Aiken Railway and Electric
Corporation wan on the stand for
nearly two hours at the session of
the South Carolina Railroad Commis
sion yesterday afternoon in North Au
gusta to hear argument on the pro
posed increase In passenger rales from
one to two cents per mile. The hear
ing adjourned at 5 o'clock to meet
again at 10..10 o'clock Thursday morn
Ing when former Vice-President James
I*. Jackson and former General Mana
ger James R. League of the railway
coinpan > arc expected to testify.
The commission hearing was held
in the (own hall. Marshal T. L Hahn
having invited the members of the
commission, witnesses, spectators, etc ,
to the hall after it was discovered (hat
there was no heat in Ihe North Au
gusta Academy. It had been an
nounced that the hearing would he had
In the Academy, but the principal
stated that the hrst he had heard of
It war yesterday afternoon when wit
nesses, reporters, etr, marched up.
T: e commission then came, hut It was
too cold to stay In a building without
heat. With the three members of the
commission came Secretary Darby and
the official stenographers.
Mr. Gyler' Questions.
Mr. Gyles. Immediately after the
meeting was called to order by Chair
man Richards, asked for the receipts
nf the AugustH Aiken line for Ihc past
three months, the conductors' special
Do You
When you do not
JOT properly digest your
food your blood becomes
thin and every organ of the
body soon feels the effect. The result
is—headaches, sleeplessness, nervousness
and many other symptoms—due to accumula-
tion of poisons in the body. Unless the stomach
is given aid at this stage—mors serious illnesses
follow. Now is the time to help your weakened stomach
—now iu the time to take
X DR. PIERCE’S \
(Golden Medical DiscoveryS
(In Tablet or Liquid Form.)
It has the same power to set you right as it has been proved to have
The in thousands of other cases. It will help your stomach so that
edg." yu” the food you eat will nourish and sustain you and make good
nerd for reviving blood. It will enable you to get rid of the
biSthfnUMng waste a sluggish liver and irregular bowels have
is contain*! inWr. L permitted to accumulate in your system.
t ,^ r Co"mmT D l Dr Pierced Golden Medical Discovery i« composed
h.ip ycm to ..old the ml.- no alcohol to do you h.rn, with no narcotic
mkio which lend to the dmg». *'’« y<» harmful habiu. It haa .
kuttk Or.r htrn * K >' d tot *«‘7 r**r* In liquid , j jTT J? «**
jSk form always living .ati« fuel lon. JW 6a Dr Puree
, I , ro . v It «an now b. obulnsd In tahl.t a U * v Ond culxng
hJ, h- or liquid form from dealers jOBF WovU to consult uritZ
obtain a cony of tha raviaisl In nt«dio<Ma-cir M r™r " _
edition —IOOB cloth- one •nt •tanina far itqff of
bound, illmtratid, if a trial bo* or tab- Jgmkr piiyßirians.turoexyns^
you wDI aaod 81 on* Uta. Addraa* Ha SVedmHrtt. Writs
' dty - Dr. V. M. Pi.rc,
and mailing cmljr. jJr ’ FT*«- Buffalo, N. Y.
reports of passengers who got on and
off the cars, numher of stations and
distances, original cost, etc. Mr. Par
dee said that he had the receipts for
the past three months and would ad
mit the statement of Mr. L, J. Wil
liams that the original capitalization
of the Aiken line whs SIO,OOO common
■ lock anil $500,000 of bonds Mr. Par
fee said that the attorneys and the
members of the commission had been
invited to go over to Augusta to In
spect the books since |l would be Im
practicable to carry all of the books
tn North Augusta and that at 12:45 p.
m \Vi dnesday he had been requested
in bring certain books over, lie said
lie did not wish to testify' and then
have the gentlemen go to the hooks,
lie would rather go to the books first.
Mr Brigham here stated that Mr.
Fpofford had told him that If they
didn’t have what was wanted to go
over to Augusta, and get It.
Mr. L. J Williams, al this point, said
•hat the ri.j.t of the mail was $450 000.
It was capitalized at SIO,OOO and $500,-
000 of bonds were Issued, then where
was the remaining $20,000? Mr. Wil
liams also asked if, after reducting
$25,000 from earnings, which was five
per eent on $500,000, where have the
i Hinder of the $45,000 earnings
gone?
How Much A.-A. Lina Worth?
Mr. Gyles Ihen called for books
showing how much was paid the llar
rlman estate for the whole property;
rv
Snow White Linen
Because we use soft water and pood soap.
Because the ironing of table linens is done by ex
perts.
Tlie linens you send us are returned to you white
as the driven snow, carefully folded -a joy to any wo
man who is proud of her table.
May we serve you?
EMPIRE LAUNDRY AND
DRY CLEANING CO.
Telephones
51
769
1247-J
how much did they call the Augusta-
Aiken line worth In that deal; how do
they arrive, at the valuation of the
Aiken line; how was the Stevens creek
power proposition bought and paid for,
and did profits of A.-A. line go to he'p
pay for Stevens’ creek?
Mr. Pardee asked, "Is It testimony
or books wanted. If the gentlemen
want testimony I will go on stand—
that Is, If, after I testify, they do not
want me to go to the books. It would
be better to go to the books first If
the testimony and the books must be
submitted.”
Mr. Pardee then testified to the ef
fect that he did not know how much
the Harriman estate received for the
Augusta-Aiken, that since 1510 the
Augusta-Aiken line. aR a separate line,
has not been in existence; that previ
ous to then It had been part of tha
North Augusta Electric, and Improve
ment Company. He said the Augusta-
Aiken Railway and Electric Corpor
ation was formed in 1910 by taking
over the securities of all the allied
companies. He said that the Augus
ta Aiken Railway and Electric Corpor
ation did not buy the properties from
the Harriman estate at all.
"How much was paid for the entire
property by the Augusta-Aiken Rail
way arid Electric Corporation?" Mr.
Gvle:; asked.
"The corporation was paid in the
securities of the allied companies,"
was the reply, ‘52,250,000 common
stock, $1,500,000 preferred stock, $2,-
400,000 bonds.”
No Separate Valuation.
Mr. Pardee further said that no val
uation had been placed on any of tho
properties separately; that It was like
buying 20 rows and paying a lump
sum for them; that he would be un
able to select any one cow and tell
what was given for It.
Mr. Gyles said that he thought he
should base some Idea’ as to what a
particular cow was worth.
Mr. Pardee then defined how valu
ation of a railroad property was fixed,
saying that physical conditions, ehar-
Telephones
51
769
1247-J
THE AUGUSTA HERALD, AUGUSTA. GA.
acter of the cities and towns, the
likelihood of growth, character of the
Inhabitants, etc., all helped toward ar
riving at a correct valuation.
Mr. Pardee said that In the Augusta-
Aiken Railway and Electric Corpora
tion deal no money exchanged hands;
that the securities of the underlying]
companies alone were exchanged. He
said since the formation of the com- ]
pany $750,000 additional bonds had 1
been Issued but no stock and that the;
money derived from the sale of the I
bonds went Into the property. He said I
I dividends at the rate of 6 per cent per i
| annum had been paid on the preferred
stock up until last July but none on
I the common stock. He could not say!
I what portion of the $750,000 bonds]
I went for Improvements on the Aiken
] line, hut that this line received a share.
He, said that the investment value in
the Augusta-Aiken was $763,000.
Mr. Pardee said that 19 round trips
are made by the Augusta-Aiken cart
each; that it costs about S2O per day
| to operate a car, and it costs $13,2J7
to pay the motormen, conductors and
trainmen per year. The passenger re
ceipts for September were $8,283 for
the Aiken line.
The following are the receipts for
the past three years on the Aiken
line.
1910-
Gross earnings $121,554.76
Operating expenses .... 83,743.00
Net earnings 37,811.00
1911-
Gross earnings $123,466.00
Operating expenses .... 81,798.00
Net earnings 41,688.00
1912-
Gross earnings $120,314.00
Operating expenses .... 73,768.00
Net earnings 48,546.00
1913-
Gross earnings $123,000.00
Operating expenses .... 71,000.00
Net earnings 52,000.00
Stevens Creek Power Proposition.
Mr. Gyles asked how the Htevens
Creek power proposition was devel
oped. Mr. Paruee said that bonds and
preferred stock were sold which were
guaranteed by the Augusta-Aiken
Railway and Electric Corporation, lie
said tbe Stevens Creek proposition
was known as the Georgia-Carolina
Power Company and was separate from
the Augusta-Aiken, althougn the latte’’
owned all of the common stock of the
former. He said that although th 6
Augusta-Aiken was liable lor the
bonds and preferred stock it had not
paid any money out as yet on the
Gtorgia-Carolina's account. He said
that whatever power the Augusta-
Aiken used was charged to that line;
that if power for ail the lines cost
$50,00’ and the Augusta-Aiken used
one-fourth, it was charged with one
fourth. He said that by reason of
building a power house of its own in
Augusta, SIO,OOO per year had been
cut off from the Augusta-Aiken line s
power bill that should be still charged
to operating expenses since when it
secured power generated by coal that
power cost was SIO,UOO greater than
now.
Mr. Hampton here stated that the
only matter before the commission was
the investment and earnings in the
trolley line.
Mr. Caughman stated that he want
ed to hear evidence or nothing. He
wanted to hear no argument.
Mr. Gyles sought to show that the
Augusta-Aiken shared in the burdens
of the Georgia-Carolina Power Com
pany but did not share in the profits.
Mr. Pardee was asked why the in
crease was asked when the service
was no better than eight or ten years
ago. He said that there are now moro
cars, better cars and larger motors.
He was asked about the country be
ing more thickly populated than a
decade ago and he said ho did not
know. Mr. Gyles brought out thal the
mis were not heated oven during this
cold weather.
Profits of Augusta-Aiken.
Mr. L. J. Williams read from a pros
pectus of Redmond and Company
showing profits of the Augusta-Aiken
during the past years which was used
to induce people to buy bonds of the
corporation. Mr. Pardee admitted that
te prospects were flattering at the
time the circular was gotten out and
said that the earnings forecasted had
not materialized.
Mr. Pardee stated also to Mr. Wil
liams that in answer to Mr. Williams
that, while he did not know who
bought the property from the Harri
man estate, still he thought probably
that the concerns Mr. William* had
stated, viz; Seligman and Company,
Middondorf-Wtlliams and Company,
Redmond and Company, and others,
had purchased It. He said that these
same concerns, with the addition of
.1, (i. White and Company, were no.v
owners of considerable amounts of the
stock and securities of these corpora
tions.
After question by Mr. John F. Wil
liams, Mr. Pardee was excused and
the hearing adjourned until Thursday.
CIVIL SERVICE EXAMS.
IN GOVERNMENT SERVICE
Dates Announced for January.
Information Can Be Had from
Local Secretary, P. 0. Build
ing.
Local Secretary J. J. Edwards, of
the United States Civil Service Com
i mission, makes announcement of the
following examinations to he held In
Augusta, as well as elsewhere, during
the month of January:
Junior Telegraph and Telephone En
gineer (male!, January 20, 1915. Grade
1. $1,200 to $1,680; grade 11, $720 to
SI,OBO.
Lay Inspector, grade l (male), tfor-
Imerly Inspector's assistant), January
•JO, 1915. Salary, SB4O per annum. Age
20 to 85 years.
Scientific Assistant (male), January
20, 1915. Salary, S9OO a year. Age,
118 to 85 years
Freparator In Entomology, January’
20-21, 1915. S6O per month. Age, IS
to 30 years.
The Railway Mall Service examina
tion wIU not be held before the spring
of 1915, and inquiries concerning It
should not be made before January
-20, 1915.
Further Information regarding the
iabove examinations may bo had from
I the Secretary of the Local Civil Ser
vice Board at any- time or second
class post office, or from the IT. S.
I Civil Service Commission, Washing
ton. D. C.
I The examination for Stenographer
land Typewriter, field service, (male
and female), will be held February 16,
1915, in the principal cities of the Dis
trict. The commission again calls at
tention to the excellent opportunities
I for the appointment of qualified male
stenographers and typewriters In the
field service, in which the demand for
such eligtbles has been greater than
the supply. The usual entrance salary
Is S9OO per annum Promotion is rea
sonably rapid to those who merit tt.
Application blank. Form 1871. and
. buuuilUel of Instructions, Form 1424,
FINAL DISPOSAL
OF -
WOMEN’S SUITS
Christmas stocks press hard for their showing, and this last word goes out
of tailored Suits, which in over abundance are now intruding on the selling
space, which rightly belongs to holiday gifts. Prices reflect only our firm pur
pose to clear the Suits, regardless of their selling worth. All Coat Suits have
been reduced to half price, the newest materials in long and short coats.
ALL $15.00 SUITS reduced to $7.50
ALL $25.00 SUITS reduced to $12.50
ALL $40.00 and $50.00 SUITS reduced to $25.00
Read the Truth About Our Great Blanket Reduction
They are a very good suggestion for a Christmas Present.
White near wool Blankets for . .69^
All wool Blankets for $3.98 and
$498.
A Manufacturers Sample Line of Jewelry, Will
Sell Them at Half of What They Are Marked.
Bed Comforts Underpriced
and unmatchable —the strongest values we have ever been able to offer in bed
comforts. The prices are as follows:
$1.25 Comforts
$1.50 Comforts now $1.19
$2.00 Comforts now $1.25
$2.50 Comforts now $1.98
$3.00 Comforts now $2.25
$3.50 Comforts now $2.75
VoLes on All Bills Paid at t»he Office
Purple
Stamps
may be obtained at any time by writ
ing to the district secretary.
Further information on the above
may be had from the local secretary,
office at the Postoffice Building, or
from the U. S. Civil Service Commis
sion of the Fifth District. Atlanta,
Georgia.
COMMITTEE FAVORS 1
HOSPITAL MANAGER
To So Recommend to City
Council Friday, is Understood
Have Charge of the Finances!
A meeting of the special committee
of city council, appointed to frame up
a plan of handling the money spent
by and the money supplied to the
new ettv hospitals, as called for under
the Pilcher motion, passed at the reg
ular meeting of council this month,
was held In the mayor's office Wed
nesday. and. It ts undesstood. the com
mittee favors having a hospital man
ager. appointed by the hospitals’ gov
erning hoard, the dean and the mayor
The committee will make its report
to council Friday, when the latter
body meets specially to consider the
near-beer license fee.
It Is proposed to handle the fi
nances for the new hospitals Just as
tn any other branch of the city gov
orntent. The manager Is to he tn
charge of the purchasing of supplies,
etc., for which requisitions are to be
made out.
The committee in session yesterday
waa composed of Messrs. T. 8. Ra-
J. A. MULLARKY CO.
830 BROAD STREET
worth, chairman; R. E. Allen, Julian
Smith and \Vm. Martin. Dr. E. E.
Murphey was present by invitation.
ADRIFT IN GALE.
Los Angeles, Calif,—Helpless in a
disabled gasoline launch, wdth a south
east gale blowing, accompanied by
rain, six persons were adrift early to
day off Redondo Beach. Other launches
which started to the rescue at dusk
yesterday gave up their search and
returned to Redondo after midnight.
Officials of the beach suburb tele
phoned an appeal to the torpedo flo
tilla at San Pedro and early today the
destroyer Preble took up the search
for the launch.
Come and pick from the Tree of Abundant of
ferings !
Gifts for men from a store for men.
Gifts that’ll achieve on Christmas Eve—things
he’ll certainly he glad to get.
And everyone put up in an appropriate Christ
mas box.
Neckwear, mufflers, gloves, jewelry, handker
chiefs.
All priced Fairly !
MS CREARYS
'
THURSDAY, DECEMBER 17.
All wool California Blankets
for $6.25
The highest prieed Blankets in the
house will sell for $6.98
$4.00 Comforts now $2.98
$5.00 Comforts now $3.98
$0.50 Comforts now $5.00
$8.50, $9.00 and SIO.OO Comforts
now $7.50
$12.50 and $15.00 Comfoits
now $lO 98
MORGAN— MRS S. R.. died last night
at 8:15 o’clock, at the residence
of her daughter, Mrs. M. L. Ander
son. Turpin Hill, in the 75th year
of her age, following an illness of
about three weeks. Funeral ser
vices were held this afternoon at 2
o'clock at the Bartow Chapel M. E
church. Rev. Postelle Read offic
iating, and the interment followed
in the chapel cemetery. Besides
her husband, Mr. David E. Morgan,
deceased is survived by three sons
Messrs. R. J., L. D., and F. E. Mor
gan, and also by one doughter,
Mrs. M. L. Morgan.
"HOME OF GOOD CLOTHES."
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EARLY
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