The Anderson daily intelligencer. (Anderson, S.C.) 1914-1915, February 14, 1914, Page PAGE FIVE, Image 5

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Witness Against Blind | Se&ator Were Attack-ad f FOR yL?lNTIFFi Counsel for Senator Gore Made Efforts to Impeach Witnesses and Shaw Premeditated Action'm Vi f, .. . . . .. (By Associated Press). ' Oklahoma City. Okla., V?ii?Af^ Counsel for Mrs. Minnie Bond, who le seing Senator Thomas p. Gore for for 160,000 damages, as the result of ah alleged assualt In a Washington hotel,.- today rested their case. James It. Jacobs, who was examined to be one of the principle witnesses, will be uaeu In rebuttal, it Is announced. Efforts were .made, today to im-. peach the testimony of Dr. J. H. Earpl and T. B. Robertson, who testifed j yesterday. Earp was asked if he had not told Dr. D. M. Beatty of this city, that they were going to "get Gore." He denied making auoh a statement lie was tasked If he had not told a man named Cope of El Reno, that the case was all a "frame up." This Earn, also : denied. \>l When Robertson was recalled to the witness stand he was aBked It be, Jacobs and J- -F., MeMutray. had. now met In McMurray's room soon, after the Incident In Washington and dis cussed the, .best . method Jof placing the affair before the public, if they had not planned to prosecute Gore, anud failing-, in that, to, place the mat ter before the mfitofertatTeBlance orj Oklahoma. Cou sel for Mr. Gore claimed ground for impeachment of Robeftwun was laid In - these- questions. In reply to questions Robertson ssld he had been paid ?150 by Jacobe, but that Jacobs owed him money and it'had nothing to do with the Gore case. . Robertson was ssked if Smith ti asis?<t Til Tli TK TKTHTH Chambers bad not said to him, in the presence of Fitzpatrlck and Jacobs, "what is it, all about?" and ? he did not reply "we framed It up." The witness . made no reply. Argument, over the question by counsel' resulted in Judge Clark rul ing the question was not Competent *!?/>, ? &. I 0 ? ? * OFFICERS FOB 1M4. * * * > m * m The officers-elected for the ensuing yoAr are Maj. T. T. Hyde of ChuMf, ton; president; J. E. Wannamakor of i?jn?reburg, vice president; Rar. D. D. Jones of Easley. secretary, j 8. T. ?leH'Sdf Spartanburg; treasurer,' itoV.; W. TH- K. f endletou of Spartanburg, representative to the International Convention. Maj' ;-,tv T. Hyde, ?alter-' nate. Department superintendents: Elc7 auentary, Mrs. S. N. Burts, Spartah burg; Secretary, H. A. Wise, Colum bia; Ddult, Paul Quattlebaum, Con way; Teacher Training, Rev. F. W.' Qr?st, Rc^i- mil; Home D?partait, W. H, Harrison, Columbia; Home Vis itation, missions and temperance, yet to be appointed. Centrai committee: Rev. W. II. K. Pondleten of Spartanburg, chairman; Maj. T. T. Hyde, ox officio; Rev. W. L . Herbert, wparianburg; ?r. r. M. n-i lerbe. Jonosville; Hon. Horace J_, Bo mar, Spartanburg; Jno! W Simpson, ?partanburg; Rev. D. D. Jones, Eas ley. t (By Associated Pr^ssj New York, Feb. IS.?Johnny Bvers elgned a contract Friday afternoon to -play tour years with the Boston National League dub at a salary of $10,000 a y?ar und a. $20,000 bonus. The contract provides\4ant he shall not be traded or sold without his con nent and contains a clause that he ?hall receive additional money if the Boston club finishes m tow, secoua or third place. -NOTICE, SUBSCBIBRBSt * Seme of ear subscriber* whe * failed to see t3d ???ces fab- * lished several times at the Uwe * WA ferfUMtn tbjA eablleati?? pi Th? * deraton* ?^tne^Sy wB! >' sent to AM. subscribers to the geOkf'Weeldy fer a short wfcfte, * free of charge, Thst Ss, the Betty wUl be seat them ta place of ''ttt*'jMWTO Weekly darW the trial period. At the explratfan ef this ??e * we snan uffal* ^*jt??*> the 83?l=Wee*Jy lnteUlgafieor, at Walch Um**k these who do net desire to beeojoe subscrib ers to the BaJJy ved o? the SeusLWeeMy Bat tu* nttl reeelte tbe Serai- * Weekly ft* the fell J which they have paid. ITserek J aoCktag etMjjstoey afcout he. * eosstag sabeeAey? to toe DaBy, and we ebftply wWAtt * oeffrenden to hare a chance to * e? what a splendid daily sbws- * Sniper we cab publish, - &f esars* we sasli be gtodto save as ^y ?? &a?ee*ft* to the ?attv, and shall appre efato taebr Sef M? as?unt paid ia ad vaace T?flS be esotftod an toe ?wbAcriptfea pr?eo 'al ihe DeSy. taeae *eik*e?*e*w ??Hw tc . ohonjr* treoi ,ftfw-we*aly. FOREST CONSERVATION ' Hr. J .B. Wannamaker of Orange-1 burg, nil of the trust?es of Clemson | College, and a member of the board of directors of tbe State Sunday School association, U very much Interested in a bill to prevent forest tires and oth erwise to tfrot?ct tbe timber lands of tue country. He declares that the forests of tbe State are - being depopulated too rap Idly through carelessness and other agencies,- and he wishes to see a State fcrwftry bill enacted. **lt will be a wise policy und a wund business for* this State to pro tect Its forest?," said Mr. Wannamak er, "and la doing so it may 'secure tbe aid of the federal government. Tbe value of these forests to the own ers, to ibe wage earner, and to the State Is enormous. "Lumbering hi the aecpad most Important industry In Souih Carolina. Tbe value of Ha product la not leas than $15,000.000 annually. Of this sum, about $3,000,000 represents the value-of the timber .before It Is cut. Tbo remainder, approximately $12. 000,000, 1b the coat of manufacture, which gpes principally la wages to| have been supplanted by the black oaks and other Inferior species. "The blight of Are on five water sheds, which hares the slopes so that there'Is no impediment to run-off, ,1s Invariably reflected in tbe greater like lihood of floods and of low watar Very few States have as much at stake la the maintenance of an equitable streamflow as has South Carolina. Memory of the disastrous floods of 1908 Is atlll freak in your minds. . . "So important does the federal V 1 ?rament consider the relation of for est fires to streamflow that Congress enacted the so-called "Weeks Law", which. appropriated $200,000 tor coop erative work with the vcuious States in protecting forests on the watersheds of navigable streams. It also appro priated $8,000,000 for the purebas? of /oreat lands which are important In |l maintaining the navigability of water courses, and in purchasing such lands the government pays a higher price for ?hose which' have not been badly bum ?d than for traut? wuich have under gone the ravagea of fire. Loss of Naval St?res. If an example were sought of -ro tte community. This Industry cm-(suits which, follow excessive destruc ploys over 15,000 wage earners, many I of whom- are skilled laborers. Ferait Is Productive. "It Is not hard to see the fundamen tal Importance of protecting tbo for valuable timber which they VieldTpre-.producta w Carolina decreased tectlng the Industries which require ^ |4oo 0oo ia iB09 tlon of timber and wasteful and waste ful methods of handling it, it would be hard to find a better one than' that presented by tbe history of tbe naval stores Industry In this State. From a sum reported to be nearly $2,000,000 the Industries which the timber, and protecting, the tfaoue ?o4? of wage earners who depend up on these industries for a livelihood, j "And along with protection should go proper management of the forest, to,,make t? continuously productive, toigjrv If the forest Is used as it should be;i.t will go on producing timber, and more and ! better timber, indefinitely. I VSouth Carolina has unique possi bilities as a timber-producing' State. Few other regions in the world are as favorable io'trec growth as the one "The industry declined as tbe sup ply of longleaf pine Bteadlly became scarcer. It c?c be rehabilitated only by protecting the remaining longleaf pine from fire and'adopting proper methods of management. Starting l? North Carolina, the Industry moved to ?o?tb Carolina, which at one time marked the center of production.. With the depletion ,df"t?e Umber resources in these two States, It moved again,,to Gccr&'s?, und is now concentrated in ie? of Florida. Vet the per ln which It lies. Climate and aollI *V?~*Zil7Z*~ZZ??VI, combine to produce tbe most valuable mancncy of the nav?I stores lndngtry, 1 timber in the shortest time, provided flf? and unwise cutting are kept In check. No where else are - there so many hardwood species,,while its co niferous forests are among the most valuable in 'the United states. So. great Is the region's adaptability to forest growth that even - worn-out m land, no longer capable of sup rtlng crops, will In time re-clothe Iitself with trees, if only these can escape the ravr ;es of fire. , Fire is Destraetlve. Is the ': forest? ' greatest ene j'eef the first settlement at thie ' lberl.hg has utilized. Nor] which means so uuch to tbe prosper ity or tbe Southern States and to the country at large, could have been maintained *>y the. exercise of fore thought and a little effort, especially ce the; psvt.' <ji iiio S?niv. "France is one of. the largest pro ducers of naval stores, and this result has been* brought about uot through a. gift of, nature,-but by the efforts of the.,French people. Something over million acres of shifting sands have been transformed by the French For ;e'Bt Service Into >a flourishing forest region whicn supplies all ' the mural ?tores of thst coufiiry. "In our .own country the United does: it'eonhpe'Its damage'to the" ?for-1 States"'Forest.'Service ,is now expert eisli jrt^wtt-^tiiff old ireWof th? pros- meeting on its National Forest In ?^?^^Ltt^^l^'^%\ Florida wu ,. tbe .Maritime pine-, iof ur fprests in the .M-'ranco, which resembles our loblolly in rapidity, df g^th^d^; pentiae ?qua^^fluajK^; td the fast disappearing longWPa experinten is.^promise to go a. long way toward solving the . problem of re ?j^OTtraji^ur depleted,(Southern pine ries, und 1 mention thus,instance, and that of France merely to. show that by taking the necessary measures It may be possible to renew apd keep the na val stores industry In the Southern States; where It originated. t Our ?reat Possibilities. 4re: **Wm&.WiW- ?t?y.W iPfo-Lpentlne .eq Jpd' by .nature for the ",watershed^.; * r*f?^V^!*? ganger both of , hoods id .'of.Ipm* water, in tho streams; it upalrs .th'esq streams' navigability;' id-it destroys proper? y and interrupts buslljeasiY , , A conservative estimate Of the area burned over in.South Carolina every year would be 4,009, acres, with a lo&s of nearly $300,000. To this loss must be added that resulting from floods and low water, ' the extent of which 1s only too well known to every citi zen of the State. one should not bo misled,' ' said Mir. Wannamaker, "In regard to the damage wrought by tir? in the forests of South Carolina by the fact tiaat it Is noticeable chiefly in the case of small tress and young reproduction. Re peated fires scar and hollow the trunks of the older ??ees, leaving them "South Carolina nas a productive! forest area of about io,000;000 acres.[ On- this area as & whole it is safe to ~ hey that the average annual produc tion per acre does not amount to more than 75 board feet long material. This* -.- . I. ~, AK? 4nfA| ?MHM.1 _.1 ? . AUCMIO ?.?MM. . ........... eiuniuul the* forests of the.State Is something like .750,000,000 board feet of tliqbcr. The annual cut, on tne other hand, is wuum ?i ^ . ? ?? ? L-eiMmaied at one billion board feet, been to dee?y ?um msec* attack. Such P . ^ttMU.- ?hn _?_?., ,Ma,fll K? damage may sot strike tbe observer " 'Mdbly aS the eight of an entire forest destroyed a common occurrence reniemoercd that every virgin or old rwSad of timber is a source of to the Statt and it market for , the Importance of protecting is^arests that now exist can hardly e questioned. "Timber shortage In the past has reu ?m in a scarcity or tne stter gradea of lumber, grades which which exceeds the annual growth 250,000.000 feet. . "To put the fact ^ another way^oue ,L!iird more timber is,.each year being horhbod of 30 billion board, feet. It requires, * therefore, merely a simple mathematical calculation to determine the 'time when/ with pr?sent me?,hods continued, the forest wealth ' oi^ti^ State will bo exhausted. t?ftl*?.?? <_ * -- ? ?v uwwv, wv^wvm, ivi ittir to come about. By the application o2 ^*J? ?n ;^;^? r:"~r forestry with fire protection as the M trees alpne can Droduce. as a _Mf .on .,n ?n", ~??tH-MMM ?.v. suit, the price of the higher g.adcn is steadily advancing, and the value lof the trees from which they are ob tained has advanced also. Thus we tbn*ajd-situation ?vhere th? value of a natural : re?ouroe--ihe virgin forest-^ zXat&S? b?wis?? v??fH long as il can supply the kind of material de manded. Every principle, of wise fore ibought end Sound . economy would therefore seem to indicate, the neces sity of protecting the growth and haadMug It properly. Assets Far the Patera. 'When Are' destroys the youog^ iwth In the forest it takes away ! the State an important seare?^ ifitrV'wealtb. just as ta the destmc 8b of the older trees it iemov(> >resent sacr?e, tlyon the young rtk depends the permanency or the sr Industry in South Carolina, ia left to burn there will be no forest la the years to come to supply the needs of the many wood-nstag In duxtrtaa^^^jtrrer lands will remain valueless tf the young reproduction which eprtags up afte/ lumbering Is not allowed to grow. Ita protectton, on the other hand, will mean that whsn the present crop of mercantile ilmb?r ia rcfeved there will hOtaother to take Its place. y Am a result of forest f >e* and cen ia^aoht detertoraUon of the soil and elimination of the Uier i valuable tree ?pacles. South Carolina today cootaina vast ares* of unproductive waste land, or ?le// land on which such valuable trees as white oak and y first step, the annual growth* could not be made equal to the present cut, but it could in all probability bt doubled,! permitting a gradual Increase In the cut without Injury to the fores'.. Be fore tbe kingdom of Prussia began' to prsctios - fe>.w'ry on a largo scale lu j 1865 the annuaj yield from the Prus sian forests was U cable feet, or about 144 hoard'feet, per acre. In 1804 ft was 85 cubic feet, or 390 bttarfr M$w>^an increase of 175 per cent in 40 rears. "An increase In the annual yield of only 10 board feet per aero woul? gi^e an additional timber growth in South Carolina of 100.009,000 hoard, feet. With a conservative scale *MShe-; of $15 per thousaas when manufac turai, thia would- mean an Increased annual income from limber product* of tljmjm distributed principally amoug 'those who furnish the labor and materials for marketing the pro ducts. To obtain this Increased In come the. State could well afford to la ves* *n appropriation of $19,090, $*0t? 000: or even $$0,000. Sums such as trese would, moreover, be vary cheap Insurance toy the protection of stand lag Umher estimated to be worth at least $<*0,000.000 to the own?rs, and many tu*ee,th*t; to jx* reeyie ?? State tf saved for maanractar*. "In framing forest l?gislation 'tor South Carolina, on? important feet was sept lu mind. Practically all the timber of the State Is in t?-e?anda of private owpera. If forestry in to be practiced in South Carotin?, then, - it must be by these same owners of for- I eat land. For thin' reason' the Stete m should endeavor to make the practice I of forestry by private ownsra as easy as possible by removing such a serious I obstacle as tack of, i rotectlon from I ore. ' " H "At the same time it should educate I the owners of tltnberland, through ac- H tuai co-operation,.with them, to the H need of adopting -practical forestry on I tneir holdings, this suouiu ne boutn I Carolina's chief aim in forestry. It H can be accomplished by (l) the pr- I ganlzatlon of a non-partisan forest H department, (2) the appointment of si ieeb&iutliy trained..wan as State for. ester, (3) the establishment of a fire protective system, end (4) aa ade quate appropriation of funds." I % ? # a* 4?* tf * ?~* * Atlanta Letter *-^v?.*.*.yjMft ****** Atlanta, Feb. 13-rAUanta and other I Georgia cities as west will be given an opportunity from March 1 to March 8 to hear some pf the most fa- I motis Bible lecturers and preachers I of the world, as the result of the et? I filiation of the Atlanta Bible Confer With the National Midwinter Bible Conference Aeaoclauqa. The Sixteenth annual Atlanta Bible Conference will take place here In I the Baptist Tabornacio on th? dates I above named, and at that time a num ber' of the most eminent religious speakers in the world will be brought to Georgia. The gathering Is abso lutely in tet denominational Pitl.evc^ Protestant Christian church taking part. Including Methodists, Baptists, Presbyterians, Episcopalians, Luther ans and the rest . . I The Midwinter Bible Conference Association, is an organization which arrang?s for the appearance of. the great speakers of" thd world in the Peat cities. Many of the speakers lo are coming to Atlanta, are npw, gaged.In the big conference at I ashlngton, 1>. C. the gathering will be of state-wide interest to Georgia In tiro ways. First I thousands of people from all parts of the state will come to the conference fen Atlanta; and second, some of the famous ?peak*?? ~iu be sent from day to day/when'their local speak ing engagements;.do not conflict to other towns and cities of Georgia to apeak. ?e&*?***i^'*^l In previous years ?v. Leu G. Broughton has presided over the con ference, hut this year he- has cabled that he will not be able to come. The conference however, baa secured the co-oporation.of Rev. 8oLC. Rickey, D. WD., as director of the conference, and] it 5s expected that the gathering wUl be^the most successful in( the organ-] is?tion's histor riisv Richard I Orme Flinn. or Axlankai'-?i viec prcsir, dent of the cdnferenee and chairman of the b?ard ?f'diroctylra of^c^Ati lanta conferedd^3^^^; ' SE j ' Ac?e?ew<i*a*'gid?r. ? ; Atlanta, Fibai'a*.u4S?*' Nernatl'Mt^ Adoo,. daughter * of-- 8hu Wary1 Will lim' O. McAdoo, wbOf has ^^^ro'cyalmed the belle of 'ibe* Washington1'debci-J antes of the ash&lBiatratioh birCItf, is coming ta A?.i?ns??> ?ht?^ ^^?K'ijftjAiitf to father who wlH bo here for: "the regional bank.heariugi. MiaaMcAdoo Will be the guest- ot honor at a Val entine ball at .the.. driving Club and wiU be eiabqrately. entertained. ,w. All arrangements have .bean oom pleted for the hearing Friday, ? It WIP take place in the United States court room and the reserve bank or ganization com??i!tti??: -vil! ccin r?e?e for the first time siace U be*?n Its Journeying*, ? The committee consists of the secretary of the treas ury, the secretary of agriculture and tfe comptroller of the currenev. But so far Secrets ries McAdoo and Hous ton have conducted all the hearings, as Comptroller John Skelton Williams has been unable *o get'away from Washington. He will Join the com mittee here. ' 'Ths Atlanta Clearing House and Atlanta Chamber of Commerce com mittees have completed the arrange ments, for the facts and figures which they will advance, and are oonSdent that A'Jsnta will -wm on the merits of the case. In fact the . leading financial journals in other parts of the country are all predicting the cer tainty of tbat outcome. Georgia Peasioas. ^ Atlanta, Feb. is.?Gov. 8!aton this 'viuuig c?&uc? WC . WKITBU?I ?T IOT about $500,000 to pay about halt of the Confederate neaaious in Georgia for this year. yfHHHB I It 1b announced at the same time that the payment of the remainder of the money- mayvbe expected between ndw and the first of May.. The gov ernor has expressed the Intention of BWOng firs* thlsureaj. ?iose.-gho.had to wait longest last yesr. ' > Every reasonable expedition will be need however, to pay all the pension era at the ; earliest possible date. Waats a Divorce. Atlanta. Feb. lt.?James Hntfleld Bled today a suit for divorce in which he alleges that his wife is the prise Dagger of creation elnco Xaalippe's tiroo. He says she nagged him day rntd'lfnrst; that she took - ht? pay checks away from him each week, and only gave him 25 cents for spending money. He says she abused 4rlm it he came home to supper end .abased Mm If he stayed away. He cays tbat though she took ell the money he made, she didn't give him enough to set and made bis life miserable when he complained about It - -HARTWjSLL MAN SHOT... .. men is the Raster That Beached AeeenMia. ? ripert ^MvTim: .??jiwna ?"*? night that a prominent cttizeu of Hartweil, Gav .bad been shot and tbat so Andersen surgeon had been saaaaasved. The report was received to late that it could not be coofirm ftd, th? t?l?phone office at Hartwcll being closed. j VALUATION OF PROPERTY Washington. Feb. 13.?An outline at the tremendous task entrusted by Congress to the Interstate Commerce Commission?the valuation of the property of all common carriers sub ject to the commissions jurisdiction ?waa jriyen her? tnnl?M hy CCS??S? aloner C. A. Pronty before the Cham ber of Commerce of the United States in annual convention. The commis sioner cleared up a popular miscon ception as to the nature of the un ?.ertakisg, resulting from the ae of the torni "physical valuation" while the matter was pending before Con gress and since. He explained that the commission Is to determine Just what each carrier Is worth, taking In these properties; to kato note of the earnings of the property and having all these facts before "Itt odctermlne from a just consideration what is the value of the property itself. I am uot saying that it may not (umlly come tS pr.":; th?t the CG?t Of ?c?/?Ouutiioii wilt be the controlling factor, many people so insist. Others urge with equal earnestness that , the true test of value so far as it can be ascertain ed. Is the money invested in the prop erty. "The first railroad which the com mission is proceeding to survey In what is known as the Pacific District is the San Pedro, Los Angeles ft Salt Lake, extending from San Pedro, Cal.. to consideration what it costs to pro-, ^ t?lt Lake City, Utah, some 800 duce the property and to build up the service what it could cost to repro duce It .today and what the line or company would aell tor with tta en hanced or depreciated valuation. Its acquired privileges and Its patron age.' ' " That part .of the work relating to railroads alone was dealt with at lengt by Mr. Prouty. He said that the task had not suf?clenty progressed so that its details cculd be either In tellgiently or , profitably discussed. Preliminary surveys are being- 'made the country being divided for the pur pose into five districts by states, each containing . approximately 60,000 miles of railroad. ' "Bach of these districts," ssld Mr. Prouty, "will have an organization of lta own which will conduct the Surveys within those particular lim its. Subsequently these surveys will be worked out partly in the district and partly at the head office In Wash* Ington, Surveys began in all the districts except one about February .11 and will begin-in that district about February 15 "It has-seemed to the commission the part of,wisdom to; proceed with caution until sure of its ground. In this view a railroad has been selected In each district upon which these surveys will - proceed with delibera tion and In such manner aa to afford a kind ot instruction school to all em ployees. This preliminary work will occupy three or four .monts, which meann that we shall not be in posi tion to rapidly develop our organi zation until about July L Begin ning thep, or slightly before our {prce can be rapidly, increased. "While It is somewhat hazardous to make an estimate of the time re quired without more experience than we nayo had, it is my opinion that - f i field surveys ought to be con cluded in from four to six years from July 1st next. It is hoped that the accounting and other work will keep pace with our field surreya.' The putting together of these facts, that jls,itke actual valuation will necessar K lag somewhat behind the obtain ing of the.facta themseTv.es. The commission will In the near ..future '' ?1 ? _,, * ?? -1?... Mi*t. ?.% ?wtme "J4A9IQ. fMi HIU ?ce? >v>|nn,a ? ?? i ?II UC railroads, but whether a valuation will be at once announced in such casep must depend upon the method which the. commission, seleotB for de termining the various questions which will arise and to which refer* .once has been. made.. ?~A^nestnttato"?? the expense must be even more unreliable than that ot the time. Tcallroads have been val ued bqth by public authority and by ?etpsejves, and the cost of these val* ttons has .run all the way from two aeventy-flve dollars per mile. jWlng what must be done, the; methods which must be followed, the rate .of accomplish "isr?t' ^h.ch has been attantable in other nlaces, I should say, basing- ; my. estimate upon the experience of stete.commissions, that fifteen dollars per mile would be part of the work and ten dollars per mile, the ?ccc?nting and other- feat ures' " This wokld aggregate for the entire 260.000 m?tes between six and seven million dollars. ' "Evidently before It can be deter mined 'what it, would cost to build a particular railroad as it today exists, wo must know exactly where and what that railroad IS. This means Vthat as a preliminary to 'the work *Wvaluation'every railroad must fur nish the commission with maps add plans which will Identify Its proper ty. When this work Is completed, there - /111 be found In the office of the commission et Washington an eccur ate map and Inventory'et the proper ty of every railroad engaged In inter Jggfate commerce as of June SO, 1914, togethe rwlth other maps and plana NniiwinT oli niiHaonrtAt?* additions ?C the property. This of Itself Is a work of greet magnitude which must be done by iho carriers as a part of the general undertaking. * "When tbe commisrribn has been furnished with this complete Inven tory by a railroad it must proceed verify U; that Is, it must ascertain the facta tnSnrl In thm lny?n. miles. The course of the road Is for the most part through an arid des ert A certain section of it. when built was located where no man thought It could ever, be disturbed by floods, yet shortly lifter It waa opened for operation the floods came and came and carried out this portion. It was at once reconstructed upon a new location supposed to be beyond all possible danger from a recurrence] of the previous disaster, nevertheless the waters again 'came and washed away this same suction; whereupon it was rebuilt upon a third location, beyond all possible reach of future trouble from this source. Now in determining the value of this prop erty what If any allowance is to be made for this experimental outlayT "The Northern Pacific Railroad runs through the city of Spokane, When the road was built that city! was of small account but It has come to be of much account and In the process of development it has grown up on both eides of this railroad. The Northern Pacific claimed, and It may very well have been true, that the cost of acquiring its right of way through the heart of the city of Spo kane at the time of the hearing would be at least flvo million dollars. The original cost to the railroad was nothing, the right Of -way having been entirely donated either by the gov ernment or by private benefaction. Now to whom belcngs this five mil lion dollars? Has the,Northern Pa cific the right to tag the publie for a return upon that amount? "What, finally," asked" Mr. Prouty, "Js the purpose oZ mid 'the benefit to be derived froxu all this outlay ot money and of energy?): When any Investor can know from reliable sources the exact character of his Investment; how much it would cost to reproduce the, property; in what state of efficiency that property is be ing maintained above all, what Is the value of that property for use as a railroad, there has been injected into railroad securities an element Of Cer tainty and of permanency which dees not now exist it seems to me therefore that this work of. valuation will be of incidental benefit to railway investor and so to the public. While this has" ^ot generally, perhaps not at . all re marked upon as an advantage, it will turn out to no a substantial ont>. . ?. "To the general apprehension the object of tills valuation is to deter nilne what rates Our railways should be allowed to charge for their-servic es W the public. "While the property invested in .our railroads and other public utilities is private property the government has;' In consideration of the nature of the ~!?-vice rendered, the right to impose upon this property the terms and con ditions under which it small bo used. "it Is impossible to shake a single railroad free front every other and fix Its charges upon the-basis of a fair return upon its fair value as you would in case of a gas or water plant. The rate established for one, of nec essity Influences and frequently abso lute!^ determines the rate of all, a fact which iuust ne.or he forgotten in discussing this subject "Now it is evident that" if the com* mission Bhould select .that road most advantageously situated that road whose business is the larges^ and up on which the conditions of operation are the most favorable and should so adjust its rates as to yield a re turn of six per cent- upon its value, every other railroad standing In com petition with It would receive less than a six per cent return and some railroads might .receive- nothing what ever. .-.< "While, howover. I wish to make It perfectly plain that the problem of of pnfn"n?ioMr. ? ?ljw.y r2.tCE Will tlOt be solved by~tbe valuation, I desire to say with even greater emphasis that that problem will be enormous ly simplified. It can be known with certainty whether the 'general level of rates Is or Is not too high, and in establishing the charges'to be ob served by a single carrier, even in flxlnc the rate upon ? ?log!? cem > rniittllttfnafiTf {hej'1^"1?'' H will be of much benefit to lumber of yards cf earthwork, .the number of yards of rock, the cul verts, the tunnels, the bridges, to gether with the character and cost of construction. It has been decided that this Information cannot properly be obtained without sending a sur veying party over every mile of> the railroad. "This work is often referred to as a "physical valuation" of railways, and most people probably understand that this cost of reproduction, with or without depreciation, determines the ??gee of the railway no that, saving ascertained aid reported these tacts, the duty ot the commission haa been discharged. Bot this is by no means isaajglft? to the present time the hold ing of tho Supreme Court of the Unt j?? States is that cost of reproduction in g into the Inal question ot value, other things have been en urn ..1 by that court as beaiiag upon value of th? property. The valuation act itself requires the coiiiintJiifcM? and re port the cost of construction, the amount of mousy which has b*en In vested in the property, and the sourc es from wblch that money has been ?* ?f-m ,am mIha *m ?kart m fcnt^aVael f.db know tbe value of the property in volved. "While this valuation will be of in cidental benefit to the Investor, while ft Is essential to the work of rate making tribunal, it seems to me that its greatest immediate'value is politi cal. The state of the-public mind Investigation into the affairs of tbe this Information is absolutely neces sary. "Consider the developments of the loevstlgatlon Into the affairs of the Ft Louis and San Francisco System, pnducted by Ute Interstate Com merce Commission. Consider the conditions In New England today, Where the' late of both cf the Boston and Maine and the New Haven sys tems is trembling 11 tbe balance. None of these questions can be an swered; none of these situations can he jnstly dealt with until we know the actual value of these properties. This Is the question which arises be fore the students of this railway problem at every angle. This is the question which meat be answered be fore i?i',6 problem eea be.luie?iiaenuy tttaenssed. For this reason, above above all ?t Is important that thin mmkr should be pressed1 to a com pletion tn tho most expeditious and uder.ved ;to give, tn short, a complete tbe most trustworthy manner, poast incial hletojrv I m iNCi r T b Exchange Your Seldom-Used <sPlANO.\ If you have a seldom-played piano in your home we will al low you its full value in exchange and take it as first payment on a LESTER Player-Piano. Why not have a piano the man of the house can play? There are many days and years of solid en joyment in it for the whole fam ily. Th?. world's best music at your finger ends instantly. WILLIS & SPEARMAN ?MUSIC HOUSE? Bleekley Building Anderson; S. C. Condensed statement of the Unas*:: clal condition of the BANK OF AN-. DF.ltSON, Anderson, 8. C . at tho close of business January i% 1914: as shown by the regular report made to the State Dank Examiner. EE-SOURCES Loans and Discounts Overdrafts . Bonds and Stocks .... Real Estate ... .$ 990,237.46 ..26,912.09 6,850.00 .. 55,540.90 Cash and due from Banks 161,396.13 Total . .'...$ 1.219.984.6C LIABILITIES Captlal Stock.$ 130.000.00 Surplus.150,000.00 Undivided Profits" (Net).. 5S.47S.?1 Dividends Unpaid . 1,786.00 Deposits, Individual $764,871.62 Deposlts.Bank 64,861.65 829.723.?7 Billa Pa.vahla ?' SS.OSOISS Total.* 1,219,984.6* Inicrest compounded Quarterly on savings A'ceualH. The Bank for the Corporation- thi Firm?the Individual?In font for at. erybody. Come In and pay It a visit. TUB BANK OF ANDERSON, Anderson, 8. C* The Strongest Bank, in .the .Connty SAFE SOUND PB0?BKS&1VE W??R~A SM?L?? ?Buy an? IL. C Smith & Bros. TYPEWRITER ... id you can wear a smile all the time as they enable you to turn out the neatest and best class of work'. Let ua show you our latest Model No. 5 and you will be convinced. We sell all other makes of re-bqiit and second hand machines, also repair all other make machines, and our wprk is done by first class experienced workmen. Give us a Trial. J. E. CRAYTON&CO., Dealers. Charlotte, N. C. W. O. ULME Agent, Anderson, S. C. We grind into meal any kind of grains, stalks, cobs, corn ?huck?, hay and fodder. Work done. ! while you wail. Bring a I load when you come to own. '?SjP ! Anderson Mattress [& Spring B?d Co;