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iliHiiiWiBijHHftKi THURSDAY, JUNE 7, 1923. Tii TUB BAlYNBR.HBRAt.D, ATHEN8. GEORGIA CENTRAL OF GEORGIA GIVES FACTS abouty railway valuation vnersbip of railways, have as fixed for rate-making Radical politicians, whose purpose is to establish Government i recently launched an attack upon the valuation of American railways purposte by the Interstate Commerce Commission. Patrons of the Central of Georgia Railway have a right to know the facts, concerning the valuation upon ^hieli rates are bused, and to have the figures as to the capitalization of this railway, ao they may judge for themselves as to whether this Company is expecting to earn re turns upon over-capitalization, of as it is commonly termed, “watered stock.” Jlnro nro Hie facts concerning .tlm rMitral Georgia Railway ami the lines leased and oncrati'il by ItyTho aggregate par value ot tlio securities ■outstanding as at December 31, 1922, was $75,77$,82fi. On that date we tnvnoil 29S locomotives, 9.03G freight train cars and 312 passenger train; cars. 'This equipment alone cost as follows. Locomotives Freight ears Passenger cars ... . .. $ 5,770,431.02 ... 8,790.884.99 ... 2,758,309.60 TOTAL $17,225,626.61 AJ present prices this equipment would c c st more than $30,000,000. Rut subtracting only thV.kpiSJjer figure, Representing actual cost,'from the capitalization outstanding leaves only $58,- 462,2^.99 as representing the value of our roadway with is right-of-way, ballast, tics and rails, bridges, signals, telephone and telegraph lines, and other, railway property, even Including bulld- intff.M^Uid. roundhouses, shops, freight and pns^sengor stations and the like. The value of our tert^J. properties at Savannah and other iinportunt cities runs into large figured. For example, our terminal In Savannah, comprises 288 acres with one ndlo of waterfront for the handling of do- mestlcrand foreign, traffic. *'• ' * The Central of Georgia operates and lenso3 1,964.66 miles of railroad, but counting addi tional main line trackage, passing tracks and yard tracks, wo have 2,623.25 miles of trafck. If the $58,453.200.39 referred to above, covered the value of tracks nlono (excluding all other property used In the service of the iHildie) it would represent only $22,281.89 for etch mile, of track. It costs approximately $25,000.00 per mile to build ordinary hard-surfuCed highways with only light grading and bridge construction necessary, and without including the cost of acquiring the lana nn-w^fclRtho road is constructed. Will nny reasonably minded person deny that the Central ot Georgia track with its right-of-way, station buildings, ballasts, ties and rails, heavy bridges, sig nals, telephone, and telegraph lines, and other appurtenances, Is worth moro per mile # than It costs to build a milo of hard road and without Including the cost of acquiring tbo land? ;v>; TJio Interstate Commerce Commission, after years of thorough Investigation, has fixed the tentative valuation of all American rallwtiys at $18,900,000,000. Those attacking the justice' of tills valuation are trying to make it appear that it is based upon present-day replacement costs that it Is excessive and that It Imposes a burden upon those who pay freight and passenger rates. This is erroneous and misleading. Valuation figures are based ^ipon cost determined as at June 30, 1914 and ignore entirely the Increase of costs during the war period. It Is a matter of common knowledge that pre-war costs have practically doubled. Additions sinco the valuation at 1914 figures, have been takcirby the Commission at actual cost, minus depreciation. present outstanding capitalization ofr all rallw present tentative valuation. ays is about $2,000,000,000 less than the. In 1922 out of every dollar spent by tho carriers, 86 cents went to pay the actual costs of the service rendered to the public. The act of valuation can have no conceivable effect upon thesq^pstH. Only about 14 cents remained out of which to pay Interest on indebtedness, rentals of leased'linen, dividend:* and-the coat of enlargements ami Improvements. The railroads ask only that the Interstate commerce Commission treat them in accord ant* with the provisions of the constitution ns I nterpreted bv tho courts. To disregard these con stitution^ provisions, as demanded by radical agitators, would Involve such confiscation of pri vate property and investments made in good faith, as has never occurred In Amortcan history. (Constructive criticism and suggestions are invited. ' ■ » W. A. WINlftTRN. • President, Central of Georgia Railway Company. INDUSTRY URGE employed, from regular trucks to Ford and other makes of cam at tached to wagon,. And this is only one mill, for there is another plant in Lexington the same size. These mills each dress and Bhip 100,000 feet of lumber a day, and which fills from four to iix cars. E,eh car of lumber brings from MSO 1 of li i tq $500. Mr. Shackelford i CtmAnno anil te,,s me that there arc now in op- Lexington, Stephens ana CMtion Oglethorpe county 211 Maxeys Operate Several «»>* “Ui» «n“ new plants are con- Planing Mils. Benefit to ■ umly -*" ded - 8omo of ‘- ho8c -**“■ Athens, Says Gantt. (BY T. LARRY GANTT I returned from my visit to Oglethorpe hdpeful and enthused' over the future of that fine coun ty. It was a surprise and revela tion. the immensity of the lumber _ - - JL .... are model lathe mills at both Lex ington and Maxeys. At Stephens there are two large lumber companies and a planing mill at Mnxevs about the canar- tion. the immensity ot tne lumoer m j|| }lt Maxeys about the capac- they cut. So the timber owners business dbveloped I saw stacked ity of thc j^ng^n plant, as also appreciate the entrance of these around the plamng mill in Lex og a Jathe IYI ||| s These lumber p|ante|home concerns into the field, for eys mill Is owned by Messrs. Tom and Ralph Bright well; Mr. Tom Brightwell ownfUg the planing mill and Mr. Rulpn Brightwell ttye lathe mill. The lathe mill at Lex ington is also owned by home folks. Until these local capitalists be came engaged in the lumber busi- ness land owners were not paid a fair price for their standing tim ber, and' I learn that some sold 1 their trees as low as $2 per thous and feet. Neither did they pay so much for labor and hauling. But when these local mill companies began business they increased the price of tinker, labor and hauling from mills. An experienced 1 lib ber dealer says that before the lo cal mills started up the lumber plants made a clear profit of about $12 per thousands all the lumber ut jjuu yjjrua ’owners, for they can sell their lumber and Chen sold it to the is separate! standing timber for about as much planers, and this paid them bet- the county.' There are at this mill | sourco * of reTenue seven streets, each about 200 yards [on* and eVcry avenue ia *cparated , ^ m „.^ , lm „ r Iur aDUU[ „ mucn r y .* m C h S . ° f ^ it. 3 ’ " a thcir lanl1 would have brought, feet high, anil the trucks^ have | Thcn it R j v j„ em ployment to, a of men ' h°th white and the fifteen mills belonging to t&'*?black, and everv Saturdav the , they are now paid a fair price for [standing timber. But several land- _ _ | owners told my that they hired land- saw mills to cut their trees into The road is lined with trucks and wagons hauling lumber to the planers. Every kind of power is j YOU can FIND them in the WANT COLUMNS Our classified columns will save you unlimited trouble if you are seeking a maid, a cook, a chauffeur, a bookkeeper, or any other experienced, help. ' . Into 5,230 homes will your advertisement go—and when you see the number and high character of the replies—you will realize the advantages-of advertising in *1BANNER ■ HERALD PJHONE 75 'TIRE buying need 1 not be a matter of bargaining or of risk. YoucanJiavo •very ataurance of good value, good service, and asquayo deal. All you have to do is to buy your tires where you see the Goodyear Serv ice Station Sign. There is one on our place of busi ness in this town. At C— iymr Servlet Stttkm Dttltrt m tell and rscew - mend the new Goodyear Coed, with the btoeUdAli- r, “A*3l2c3 Scott Hardware. Athens, Ga. . and every Saturday the heavy pay rolls pours money into the tills of the merchants. These mammoth planing mills are all equipped with the latest appliances for expediting work and saving labor. A truck Id«d of lumber is unloaded end placed in ‘about tho time that It would ;*e- j quire to lift off two planks by •hand. The unloader is steel (fables [and a hoisting apparatus. The en tile load is lifted off and placed in almost a flash. And the same la bor-saving methods are em; ter* There arc several hundred mil lion feet of lumber in Oglethorpe county and it is a great source of revenue to land-owners, and the money enables them to hold their own against the boll weevil. The Messrs. Brightwell own large bod ies of timber but they are saving that and buying trees wherever they can find them. They say they can thus keep up the price for timber ami when the supply runs short cut their own trees into lumber. And Athens as well as the local merchants are profiting by ^his iber, for < Oglethorpe lumb ■ every Sat in handling the lumber. A board urday when the hands are paid off. , is placed in the planer where it is they borrow trucks and come to (dressed on/aR sides and carried our city to buy goods. And this (from the planer into the door of _ ic^r ano hands atv Hiere to stacy I the boards. The Shavings arc car ried through galvanized pipes : cither into the furnace, or if not needed for making steam they are icarircd a safe distance from the plant and burned. The shavings supply steam to operate the plant and its different parts. FRAMING FOR BUILDINGS Some boards are gotten out but most of the lumber cut is framing ;for buildings and car floors. But ; every piece is run through a i planer, so as to have them tho exact size and no unnecessary [lengths are ahipepd. Their ends l;i»e cut otf at the mill and each ! pieco of equal sizd and carpenters [who erect buildings have no un necessary work to do. These mills {are lighted by electricity and have j their own waterworks and alj pLe {for operation. It ia worth a trip j to Oglethorpe to see these raiHf -v j work. 1 The Buffalo Lumber Company. jtMt owns the new mill just start ed at Lexington, Is An Mheiu in- i‘dilution* being owned by Mr. Wil kins and other parties associated iwiih the Georgia National Bank, iMr. King Howard and. Mr. She- -lhane. TMs company owns large [belts of fine timber and can keep jin operation for years. Tho Max- EAT AT STEVE’S PLACE Claytop Street SEE ' . “STEVE HIMSELF’ business has just started, and it is estimated that it will take from three to five years to make- a dent in the stock timber of Oglethorpe county with all the saw' mills in operation. A great American play screened by a great American director. LOUIS B. MAYER Presents %?FredNiMo Production TheFamous Mis. Fair By June. I PALACE Showing TODAY Tomorrow THE CHEATHAM DINING ROQM Former Homo ot Dr. v I. H. Goss Delicious Meals Served Three Times Daily DINNER 40c 297- W. Hancock Avenue V TALLULAH FALLS special Sunday Train to Tallulah Falls and Franklin, N. C. Stars Sunday, June 10th , Lv. Athens, Southern No. (P 7:46 a. m. Ar. Lula, Southern No. 6 .......... 9:20 a. m. Lv. Lula, Special Train 10:00 a. m. Ar.‘ Tallulah Falls, Special Train .. .12:20 p. m. Ar. Franklin, Special Train 2:00 p. m. Returning leave Franklin 4:00 p. m., Tallulah Falls 6:53 p. m., Lula 7:36 p. m., arrive Athens 9:10 p.m. Round Trip Fares to Tallulah Falls $1.50 And to Franklin and Intermediate Points $1.75 SOUTHERN RAILWAY SYSTEM TourMiJJion Women Do Their Cooking- Easier, Qzzzckemzta ,>% MoreEconomicalljL with. the. NEW PERFECTION Oil Cook Siove ancf ^ FIRE PROOF OIL, 41 (KEROSENE) Four million women are doing No ashes. No drudgery. No their cooking easier, quicker, handling of coal, wood or ashes, better and more economically by Just like cooking'with a modem using the famous Blue Chimney city gas range. NEW PERFECTION Oil Cook - Stove and FIRE PROOF Oil Your own deaIer will be_ glad to (Ktmnt.) You can cook or bake anything that can be cooked or baked on any other type of stove. And do it with more comfort, less effort, more pleasure and more satisfaction! show you the NEW PERFEC TION. He can furnish you any size you need and at a most reasonable price. Ask to see the SUPERFEX burner. It is unsurpassed for, quick cooking and baking.* , Oil Company BERNSTEIN BROS. - Furniture Dealers Sells the Complete line of NEW PERFECTION OIL RANGES with SUPERFEX BURNERS SEE THE DISPLAY IN OUR STOVE DEPARTMENT BROAD STREET • *■ 't5.