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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 . . .