Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
JUDGE HILLYER
AND CALLOWAY
ON COMMISSION
Continued from Page On#,
speech. printed In full below,
fflmian McLendon said:
••Mr Hill. I want to thank you per-
„„«i v for your wise and careful work
K this commission. Your forecast as
to the future of mis body, I believe,
trill prove correct.”
Counsel to Commission.
Attorney General Hart called at this
tuns, and asked to be advised as to
his future connection with litigation of
S,s commission. He said that he un
derstood that under the new law Judge
Hines was the exclusive counsel of the
commission.
Chairman McLendon stated that
judge Hines was compelled to be ab-
■ent in Toombs county on account of
important legal, affairs, and that he
•ould be pleased to have Judge Hines
Jid Judge Hart discuss this phase of
me Question before the next meeting of
the commission on Friday.
Chairman McLendon then outlined
me immediate work on the commls-
iion H« said that, under the new law
fie exact position of the commission as
regards demurrage matters was not
clear and that Judge Hines would be
eluted on among the first thl"<r« •»
make this point clear.
The question of the passenger fare
reduction was then taken up. Chair
man McLendon said that this order
would be effective on next Monday.
September 3. In the meanwhile he
thought all of the commissioners would
itudy this order to see If accorded with
their own views. It might be deemed
expedient to further postpone Ita en
forcement, to amend or change-In some
W 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
fl-4 cent class, wanted to be put in
the :1-2 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 the railroads for a list of
persons to whom they had 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-
Commissloner 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 his suggestion In the
form of a resolution, which he did.
It provides that on October 15, the
commission will call on the railroads
for a list of all passes Issued during the
month of September. There will be
further discussion of this matter when
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 affairs,
He Is 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 rates
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 a 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 strong one.
Judge George HUlyer Is one of the
best known men In Atlanta and the
state. For over ten years he has de
voted himself to a study of public utili
ties and has been and Is a strong ad
vocate of municipal ownership of pub
lic utllltiea
Years ago Judge Hlllyer was auditor
of the state road. Afterward he was a
large stockholder and a director In the
Georgia road. When he resigned from
FOX & ROSENFELD
401-402 EMPIRE BUILDING.
INSURANCE.
SEMI-ANNUAL STATEMENT
For the six months ending June SO, 1907, of the condition of the
Virginia ‘
OF RICHMOND,
Organised under 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 8TOCK.
1. Whole amount of capital atock ..5300,000.00
2. Amount paid up In cash 200,000.00—3200,000.00
II. ASSETS.
Total assets of the company, actual cosh market value 5524,901.09
III. LIABILITIES.
Total liabilities *854,901.09
IV. INCOME DURING THE FIRST 8IX MONTHS OF THE YEAR 1907.
Total Income actually received during the first six months in
cash 3385.724.57
V. EXPENDITURES DURING THE FIRST SIX MONTH8 OF THE
YEAR 1907.
Total expenditures during the first six months of the year in
cash *390.837.47
Greatest amount Insured in any one risk * 20,000.00
Total amount of Insurance outstanding.. 47,492,249.00
A copy of the act of Incorporation, duly certified, is of file In the ofllce
of the Insurance commissioner.
STATE OF VIRGINIA—City of Richmond.
Personally appeared before the undersigned, Robert Lecky. Jr., who, be
ing duly sworn, deposes and saya 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.
ROBERT LECKY, JR.
Sworn to and subscribed before me this 30th day of July. 1907.
CHARLES O. SAV1LLE,
Clerk of Chancery Court of City of Richmond.
(The same being the court of record for said city.)
Name of State Agent—CARLTON Y. SMITH.
Name of Agent at Atlanta—FOX & ROSENFELD.
SEMI-ANNUAL STATEMENT ,
For the six months ending June 30, 1907, of the condition of the
Rochester German Fire Insurance Co.
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 atock *500,000.00
2. Amount paid up In cash .. .. 600,000.00—{500,000.00
II. A8SETS,
Total assets of the company, actual cash market value *2,201,305.57
Ml. LIABILITIES.
Total liabilities ..*2,201,306.87
IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1907.
Total Income actually received during the first six months In
cash * 061.676.12
V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE
YEAR 1907.
Total expenditures during the first six months of the year In
cash * 598.110.21
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 secretary 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 list day of July, 1907.
JAMES M'AULIFFE, Notary Public.
Name of State Agent—ARTHUR B. FOX.
Name of Agent at Atlanta—FOX & ROSENFELD.
that position he disposed of all hit
railroad holdings.
Judge Hlllyer Is a man of large
means, Is noted for his sound common
sense and perfect fairness. His hobby
now Is hla 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 arlso 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 Estlll in his race for gov
ernor, but one of the principal mana
gers of his campaign. The views of
Colonel Estlll and of Governor Smith
as to tho work of the railroad commis
sion radically differed.
The objection to Mr. Moore was not
simply a personal one. In that he had
supported Colonel Estlll, but It went
further. As he was one of the mana
gers of Colonel Estlll's campaign, the
conclusion necessarily followed in
Governor Smith's mind that he approv
ed Colonel Estlll's views.
Governor Smith could not entertain
the 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 at Savannah
In presenting tho name of Mr. Moor*,
Governor Smith turned In a different
direction and the selection of Fuller B.
Callaway was the result
Mr. McLendon's Address.
In accepting the chairmanship of the
commission, Mr. McLendon said:
I cordially thank you for the honor
of being elected chairman of the rail
road commission of Oeorcla.
••Whatever applause shall come to
this body from the righteousness of Its
conduct, must be equally shared by Its
members, and whatever condemnation
may come, as the result of our mis
takes, must be equally borne by Its
members. This commission has been
reorganised, and has had ita power*
greatly enlarged at the ™o*t critical
period of American railway history. A
continental upheaval Is now
our country, and the fact that thla up
heaval has come In an era of great
prosperity and repose, Is little less than
providential. The powera 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.
Ill prepared laws, on the one hand, and
the almost boundless prosperity of our
country for a long period of years, on
the other, have combined to stimulate
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 capitalized 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 It Water.
“Our total railway capitalisation,
June 3<\ 1907, exceeded thirteen bll-
Ilona of dollars. It la estimated by ex
perts, like Willlam-B. Marks, of Phila
delphia, a civil engineer and railway
builder of nearly forty yeara’ experi
ence, that one-half of thla capitalize
tlon represents water. If one-half o;
this water, or three and a quarter bil
lions of dollars, pays only four per
cent, then the producing masses of this
country must pay annually one hun
dred and thirty million dollars Into the
upon state franchises to Issue
stocks end bonds, to. charge tolls, to
exercise the right of eminent domain,
and to enjoy personal Immunity from
liability for the debts of corporations.
Giant that America Is, the competitive
power of her producers of cotton, grain
and manufactured articles Is reduced
by the necessity of their paying in
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, the other Is, It
works, under the forms of law, a wrong
ful distribution of the products of la
bor.
Power of the 8tates.
'The states alone can create corpora
tions and regulate their capitalization.
The Federal government has no power
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, the 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 Is practiced under
the sanction of 111 conceived and III
executed laws. The first three claaees
are entitled to the protection of the
law. The last Is not. for he Is the
f iubllc enemy. The promoter, who cap.
tallies the actual Investment, plus I
liberal value put upon his 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 he must foot all the
bills. This commission and this ad
ministration will strive to the utmost to
preserve and protect and advance the
best Interests of the promoter, the in
vestor and the rate payer, to the end,
anil In the hope, that the power of the
state shaU no longer be used by the
— manipulator to the discrediting of the
ms cnpitanza- p romoter the defrauding of the Invest-
“ or and the impoverishing of the pro
ducer. •
”We are not commissioned by the no
ble people of this great state to wreck
our railroads, nor are we expected to
punish their owners. We are here to
serve, to help and to advise, and the
first advice we have to give Is to the
owners of our railroads, and that advice
Is, briefly stated: Quit politics, quit
Wall street, and go back to railroading.
The nearer you get to the people and
the better you serve them, the simpler
you are going to render the eolutlon 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
people 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 as suppll-
ents for the correction of errors In
freight charges. They have broken
schedule connections, to the annoy
ance, delay and expense of business
Last Days of the
Reductions Will Positively Be
These Suits at $10
They were $20, $18, $16.50
and $15—and best values to be
had at those prices.
New styles, every one of them
—smart worsteds, homespuns,
novelty
August Sale
Withdrawn Saturday
Hosiery at Half
crashes,
plaids.
checks and
Peet & Co.
& Marx—
Made by Rogers,
and Hart, Schaffner
no further recommendation ofh ne at
quality necessary.
\
Samples from the line in show window.
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-
Summer weight
now selling at half
ticularly good assortments in the
$4 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.
men, and notably ao with our traveling
men, with whom time la alwaya money,
and often to the extreme personal dis
comfort of ladlea and children.
Incompetent Officlala,
“They have placed, In aome coaea, In
competent officlala In charge, and un
der theae Incompetent men. In hundreds
of Instances, shippers, falling to receive
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 courtesy shown
them when making efforts to adjust
matters too plain for argument The
man with the big claim can take care
of himself. It Is the 10.000 men with
small claims that need the protection
of the state.
"It Is unnecessary to attempt a full
catalogue of all the grievances the
people have. It Is enough to say that
this commission, and the governor of
this state most earnestly desire that
the railroad companies, who are the
owner* of our public highways, shall
furnish to the people safe roods, com
fortable cars, suitable stations, prompt
and efficient service, and that they
shall charge only just and reasonable
rates. This is the purpose of their
being. Investment can never be the
sole basis for the construction of rates,
but within proper limitations It Is the
ultimate measure of their reasonable
ness and hence a matter of vital pub'
lie concern.
State's Rights.
"Governor Smith and this commis
sion both have a realising sense of the
great doctrine of state right*, In It*
due proportion, and neither has any
fanatical views to exploit upon this
subject. It Is the earnest desire of
both that the credit of the railways In
the state of Georgia shall be 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 haz
ardous speculation. It Is the earnest
desire of both Governor Smith and this
commission that the day shall speedily
return when the people of Georgia
shall again feel safe In putting their
money In the securities of the railroads
this state.
•These are the ends to which this
commission dedicates Itself for the fu
lure. The capital that Is hers will be
honestly and fully protected, and fairly
treated. Capital that is to come here
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 Inveatment
will be sought for by Intelligent In
vestors In preference to the securities
of older roads which, In our era of
riotous and frenxled finance, may have
been over-capitalized. We can protect
the old, welcome and protect the new
and yet nil the time and everywhere
protet the people. This la our prom
ise and will be our performance."
BELL PHONE 1115
SEMI-ANNUAL STATEMENT
For the six months ending June 30, 1907, of the condition of the
Jefferson Fire Insurance 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 ofllce, 425 Walnut street.
I. CAPITAL 8TOCK.
Whole amount of capital stock * 200,000.00
II. ASSETS.
Total assets of the company, actual cash market value... ... .*1,074,888.03
III. LIABILITIES.
Total liabilities *1,074,888.06
IV. INCOME DURING THE FIRST SIX MONTHS OF THE YEAR 1907.
Total Income actually received during the first six months In
cash * 487,839.00
V. EXPENDITURES DURING THE FIRST SIX MONTHS OF THE YEAR
1907.
Total expenditures during the first six months of, the year In
cash . *'348,806.21
Greatest amount insured In any one risk.. ..* 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 office 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 & YATES.
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 twslv* weeks.
Can be written 10 to 30 per cent
foster than old systems, and represent
three times more reading power.
Cost of (oholarshlp $45 00
Living expanses—three months..$60 00
OLD SYSTEMS.
Graham, Munson, Pitman, etc.
Contain several hundred rules, al
most as many exceptions, thousands
of hard-to-memorlse word signs and
a vast number of awkward outlines
and contractions.
It requires five to eight months bo-
fore the average student can accept a
position.
Cast of scholarship $ 40 00
Living expenses—six months ..{120 00
8slary three months' time lost.$120 00
Total cost $230 00
Osin by taking the Charticr ..$176 00
MOTHER FOLLOWS
DAUGHTER TO GRAVE
Mrs. Julia H. Potter, sgrd 58 jeers, the
wife of George A. rotter, diet after a short
Illness Sunday afternoon st the residence of
H. M. Willingham, on
Turner ferry road, fit --
■DHL ... ■ re street, and was
her daughter when she was stricken with
heart failure, dying In a few minutes. Her
daughter, lllsn Kiln I'ntter, died August «.
II,aides her huslamd, she Is survived liy
Total cost $105 00
The above explains why the schools teaching the old systems have been
compelled to cut rates.
. BOOKKEEPING BY ACTUAL BUSINESS. The head of this depart
ment Is an expert accountant, and penman who has few. It any, equals In
the South.
TELEGRAPHY taught by operator and teacher of seventeen years' expe
rience.
I Deaths and FuhSrals
Miss Ella Aycock.
The funeral service* of Miss Ella Ay-
cock. aged 17 years. Who died Satur
day aftermjgn at hsr residence In
Edgewood, were conducted Sunday
morning at 10 o’clock. The Interment
was at Tucker, Ga.
Thomas Adams.
Tha body of Thomas Adams, who
died Saturday morning at the Grady
hospital, Is being held at the undertak
ing establishment of Greenberg, Bond
A Bloomtleld until relatives are heard
from in Mechanlcsburg, Pa.
Paul Sinor.
Paul Sinor, the Infant son of Mr. and
Mrs. W. H. Sinor, died Monday morn
Ing at the family residence, 105 Main
street. The funeral services will be
conducted Tuesday afternoon at 1
o’clock. The Interment will be In
Casey's cemetery.
R. A. Jackson.
The funeral services of R. A. Jackson,
aged 26 years, who died Saturday
morning at his realdtnee, 26 Capitol
avenue, were conducted Monday after
noon at 1 o'clock. The Interment was
in Westvlew cemetery.
Mrs. Annls B. Ransoms.
The funeral services of Mrs. Annie
B. Ransome, aged 24 years, who died
Saturday morning at her residence, 35
Lawahe street, were conducted Mon
day afternoon at I o'clock.
Vivian Dawson,
The funeral services of Vivian, the
Infant daughter of Mr. and Mrs. E. W.
Dawson, who died Sunday at the fam
ily residence, cornpr Piedmont avenue
and Tumlln street, were conducted
Monday afternoon at 3 o'clock.
The right thing in the right
place at the right time—the
titty-cent mid-day luncheon at
The New Kimball Palm Garden.
FUNERAL NOTICE.
iMirn mu ai ni, ji.ttk .11. r*. rnurcu
Tuesday morning at 10:30. Intermeut at
Oak In ml.
The following gentlemen have lw»en ne#
lecteU from the office of the Theiilx In*
■urnure Company to act as pnll-licnrers.
and are requested to meet promptly nt
9:30 o'clock at the undertaking parlors
of II. M. Patterson, 96 North Forsyth
Mtrort: U.-A. Hetldlng. K. C. Jones,
II. Knller, \V. <\ Htunlcy, Krnest II.
Waltt, F. F. Lester.
NEGRO IS KILLED
Ous White, a negro, trns fatally stabbed
In Hillman's saloon at 64 Decatur street at
•'clock Monday morning. He died about
tire minutes after being taken to the Grady
Hospital.
John Means and George Chapman, two
negroes, were ai rested by Officers Boater
and Itoan and are held at the police atgtlHt,
White, It eeems, engaged In n quarrel In
the saloon, and he was stabbed In the abdo*
men Just as be reached the door leading Into
the street.
SUIT TO BE ENTERED
BY BONDHOLDERS
Potter!
live daughters, Mr*, H.
Atlanta: Mrs. J. €i. JVorley, of Maria
and Misses lleunlc, Kulu nnd Hattie.
Atlanta, and one nun, tleorgu A. l'ol
The funeral nervlcen will be conducted
Tuesday, tha hour to he decided later
The lutrrmrnt will be In Oakland woe-
tery.
Special luncheon served
daily at The New Kimball Palm
Garden. 50c
SOLD TO BLACKS
A rent eatale deal Inrnlvlng a half Inter
est In the Century building waa consum
mated Saturday, when B. P. Black k fion
purchased from the George W. Scott Invest-
meat Co. 54 per cent at tho atock In the
Century Bonding Company.
Just what price waa paid neither party
to tho transaction would any, bat It la gen
erally believed to have been hi the neigh
borhood of *160.000, tho purchasers assuming
certain Indebtedness.
The capital stock of the company Is gSO,-
000. but sine# the tl*ie tho building won
erected It hsa Increased eonsldemldy la
Mine and consequently the stuck Is more
Valuable now than then. Charles II. Black,
of K. I', mock k Boo. oold his Una bad
made the pnrehsne and that It aright be
held and that possibly It weald .ho sold, but
that the stock had been transferred to K.
P. Itlaek 4b Hon.
The stock of the but Wing company was
owned by the George W. Sett Investment
Special to Tha Georgian.
Savannah, Oa., Aug. 28,—The third
Income bondholders of the Central in
Savannah have received communica
tion! from Lannrd Freree, a 1-Tench
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 the four millions of
third Income.
Art Lamps
No prettier lamps than
ours, none more grace
fully artistic, more pleas
ing in outline and soft
rich color combinations
are to be had anywhere.
From, ton to one hun
dred dollars.
Maier & Berkele
.
. .