40 



HARDWOOD RECORD 



B 327 — Wants to Handle Output of Southern 



Mills 



Springfield, Mass., Oct. 10. — Editor Hardwood 

 Record : We liave decided to supplement the 

 handling of the products of our Vermont and 

 New York mills by either jobbing or handling 

 the stoclc on a commission basis, with oali, 

 chestnut, poplar and gum. We maintain sales 

 offices both in Springfield covering the New 

 England states, and in New Yorli covering New 

 Torli state. We should be glad to be put in 

 touch with good reliable manufacturers whose 

 output we could either purchase or handle in 

 this territory. . 



The above letter is from a well reputed 

 hardwood manufacturing house having quar- 

 ters in the states of New York and Vermont, 

 and the connection should be a desirable one 

 for several southern manufacturing houses 

 producing tlic wood named. — Editor. 



B 328 — Wants Market for Cedar Sawdust 



Manchester, N. II., Oct. 19. — Editor Hard- 

 wood Record : Referring to the recent article 

 in Hardwood Record relative to the sale and 

 uses of sawdust. Can you put us in touch with 

 concerns buying Cuban and Spanish cedar saw- 

 dust, and also if you know of a machine for 

 grinding small pieces of thin cedar into saw- 

 dust? . 



The writer of the above letter has been ad- 

 vised that a good many proprietary medicine 

 houses and other handlers of bottled goods 

 are large purchasers of cedar sawdust for 

 packing purposes; and that he can secure a 

 small and low-priced hog for reducing shav- 

 ings and thin lumber into small particles 

 from the Cadillac Machine Company, Cadil- 

 lac, Mich.— Editor. 



s ^«oae«ia«:)staM;ias>iOTilMMt^^ 



^ews Miscellany 



Northern Association Cut and Shipments 

 for September 



A statement of the cut and shipments of lum- 

 ber, based on reports of fifty-six members of the 

 Northern Hemlock and Hardwood Manufactur- 

 ers' Association as compiled by that association, 

 shows that there is a decrease in cut from 

 September, 1911, to September, 1912, of thirty- 

 six per cent in hemlock, while there is an in- 

 crease in hemlock shipments of twenty-one per 

 cent. The hardwood cut fell oft during this 

 period eleven per cent, while hardwood ship- 

 ments increased four- per cent. Thus the total 

 cut decreased thirty-two per cent during the year 

 and total shipments increased fifteen per cent. 



The following is a tabulated statement of 

 these figures, showing the various woods : 



Cut, M feet. Shipped, M feet. 



1912. 1911. 1912. 1911. 



Hemlock 31,579 49,090 43,028 35,490 



Ash 239 379 7S3 905 



Basswood 1,070 1,603 3,134 3,613 



Birch 2,442 3,024 7,551 5,545 



Elm 536 685 1,717 1,627 



Maple 3,361 2,754 4,984 5,686 



Oak 112 46 335 219 



Mixed 428 753 3,084 3,260 



All hardwoods... 8,188 9,244 21,588 20,855 



Total 39.767 5S.334 64.616 56,345 



New Lumbermen's Casualty Company 



The Lumbermen's Mutual Casualty Company 

 is the style of a new incorporation in Chicago 

 designed to write employers' lial)ility and work- 

 men's compensation insurance. The company is 

 backed entirely by the local lumber trade, men 

 prominent in the local business being officers 

 and directors. The actual business of the com- 

 IMny, however, will be handled by experienced 

 insurauce men. A policy against the employ- 

 ment of solicitors was adopted, it being decided 

 to secure business only through the mails and 

 through the efforts of inspectors. Thus a con- 

 siderable Item of expense will be entirely elim- 

 inated. It is intended to accept only preferred 

 risks, thus keeping to a minimum the loss ratio. 

 It is anticipated that the loss thus saved, to- 

 gether with natural profits, will accrue to the 

 policyholders as cash dividends. 



As in all lines of business, the tendency in 

 insurance is toward specialization, the idea being 

 to give greater efliciency in one particular line 

 of risks rather than to cover a larger field not 

 so thoroughly. Thus all the risks of this con- 

 cern will be confined to the woodworking indus- 

 tries. Special service will be renden>d by in- 

 spectors who will be so qualified as to show 

 policyholders ways and means of reducing hazard 

 and thus cutting down insurance cost. As the 



company will write no business outside of the 

 lumber trade, the lumbermen will not be com- 

 pelled to make up to the insurance company 

 any losses sustained on unprofitable business 

 which it might have on other grades of risks. 



The company w'ill qualify as a regular incor- 

 porated mutual under the insurance laws of Illi- 

 nois. These statutes require that a sufficient 

 amount of business on enough separate risks to 

 make the company sound from an underwriting 

 standpoint, shall be secured before any policies 

 are issued. The necessar.v volume of business 

 has alread.v been more than subscribed and the 

 company will start out more auspiciously than 

 did the ver.v successful lumbermen's fire insur- 

 ance companies. Admission will be taken shortly 

 to both Wisconsin and Michigan, and other 

 states that have compensation laws will be en- 

 tered as it proves practicable. Many states 

 that have not as yet enacted compensation laws 

 will probably pass them at coming sessions of 

 the legislature. As these laws go into effect, 

 the already high rates on employers' liability 

 insurance jump from three to five hundred per 

 cent, making the burden on the., business ex- 

 tremely heavy. To meet this condition, flour 

 millers recently organized a casualty company 

 to write exclusively in that trade. It began 

 business five months ago and, though the time 

 has been too short to say just what the results 

 will be, a very substantial saving in the cost of 

 insurance will be effected by the company. 

 Printers have already organized on this basis 

 and other trades are considering similar steps. 



Like the lumber mutual fire insurance com- 

 panies, the policy of the Lumbermen's Mutual 

 Casualty Company will be to maintain all reser- 

 vations required of stock companies and a suffi- 

 ciently large surplus to guarantee solvency, the 

 officers and directors recognizing first, absolute 

 security and second, cost. 



The officers of the newl.v formed company are : 

 President, F. L. Brown of Crandall & Brown. 

 Chicago ; first vice-president, James S. Kemper, 

 manager of the Lumbermen's and Manufacturers' 

 Insurance Agency, Chicago : second vice-presi- 

 dent, E. F. Hunter of H. & E. P. Hunter, Chilli- 

 cothe, III. ; third vice-president, C. B. Moore of 

 the C. B. Moore Lumber Company and the Alex- 

 ander Lumber Company. Aurora, III. ; treasurer, 

 Murdock McLeod of the Oconto Company, Chi- 

 cago ; secretar.v. E. E. Hooper, secretary of the 

 Lumbermen's Association of Chicago. 



Elmer H. Adams, Chicago's prominent lum- 

 berman-lawyer, will act as general counsel for 

 the company. In addition to the above men- 

 tioned officers, the directorate will consist of 

 C. A. Flannagin of the Rittenhouse & Embree 



Company, Chicago, and E. W. Dierssen of the 

 Chicago Sash, Door & Blind Manufacturing Com- 

 pany. An advisory board composed of one lum- 

 berman from each state in which the company 

 operates will be maintained. 



In the past the casualty insurance companies 

 have indemnified the employer against damage 

 claims for death or injury to employes. This 

 service was often unsatisfactory and always ex- 

 pensive. In fact, it has been shown that under 

 the old rate about sixteen cents out of every 

 dollar finally reached the injured employe, the 

 remaining eighty-four cents going largely to at- 

 torneys and agents. 



Those employers of labor who have not elected 

 to accept the provisions of certain state com- 

 pensation laws are deprived of practically all of 

 their former defences. As a result an injured 

 employe is likely to be given an enormous award 

 by a sympathetic jury. There is a recent case 

 on record in Philadelphia where judgment was 

 given for .?92,000 in a case of partial disability. 



The offices of the Lumbermen's Mutual Cas- 

 ualty Company will be on the eighth floor of 

 the Stock Exchange building in connection with 

 the Lumbermen's Association of Chicago. 



Memphis Lumbermen's Club Consolidates 



With Business Men's Clu'b 



Indications are that the Lumbermen's Club of 

 Memphis will become a department of the Busi- 

 ness Men's Club at an early date. At the meet- 

 ing at Hotel Gayoso Oct. 12, the first for the 

 fall season, it was unanimously decided that the 

 club would become identified with the Business 

 Men's Club. The only objection urged against 

 the proposed merger was the loss of the identity 

 of the Lumbermen's Club of Memphis. It was 

 pointed out that this organization had played 

 quite an Important part in hardwood lumber 

 affairs, not only locally but from a national and 

 international standpoint. However, the commit- 

 tee recommended that the proposition of the 

 Business Men's Club be accepted, despite the fact 

 that it means the loss of such identity. 



As offsets to the loss of identity of the club 

 it was pointed out that the consolidation would 

 settle the question of permanent quarters for 

 the Lumbermen's Club and that it would also 

 solve the problem of securing free performance 

 of the heavy work now devolving upon the gen- 

 tleman who acts as secretary of the organiza- 

 tion. It has become increasingly difficult each 

 year to get anyone to accept the position of 

 secretary because of the large amount of work 

 falling upon him without remuneration. 



Under the terms of the proposed merger the 

 Lumbermen's Club of Memphis becomes a de- 

 partment of the Business Men's Club. It Is, 

 however, to maintain a separate organization. 

 It is to have its own officers and directors and 

 is likewise to operate under its own constitution 

 and by laws. It is stipulated in the agreement 

 that the club also has the right to revert to the 

 present regime if at any time the merger should 

 become unsatisfactory to the members. 



The proposition as accepted was made by 

 W. H. Fitahugh, representing the Business Men's 

 Club. He said that it was the desire of the 

 Business Men's Club to be of greater service to 

 the lumbermen as well as to all the other indus- 

 tries in Memphis and that it was the opinion of 

 the directors that this could be accomplished if 

 tue organization representing the separate indus- 

 tries identified themselves with the Business 

 Men's Club as separate departments. He re- 

 ferred to the splendid results that had followed 

 the consolidation of the various organizations 

 in other cities, notably Boston. Minneapolis and 

 Cleveland. 



It will be necessary to make certain changes 

 in the by-laws of the Lumbermen's Club and a 

 committee was appointed at this meeting to sug- 

 gest these. After the committee has reported 

 it will require notice of thirty days before n 

 vote can be taken on the proposed change, with 



