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About The Augusta herald. (Augusta, Ga.) 1914-current | View Entire Issue (Dec. 17, 1914)
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." Shop EARLY DEATHS
