FREDERICK R. BABCOCK, riTTSBURGH. 

 FA., EX-PRESIDENT. 



FUEUERICK W. COLE. NEW YORK, N. Y. 

 TREASURER. 



EUGENE F. 



TERRY. NEW YORK, 

 SECRETARY. 



N. Y., 



railroad and transportation committee, under whose jurisdiction this bureau 

 is operated, and to whom credit is due tor a share of the measure of suc- 

 cess attained. 



COASTWISE INSURANCE 



Coastwise insurance is a subject that for many years engagod our care- 

 ful consideration, and the report of that committee will reveal the tact that 

 they have taken up the work with renewed activity, realizing the advan- 

 tages obtainable if prosecuted to successful conclusion. I venture to hope 

 that, as a result, some organization may he effected that will reflect credit 

 to our association and benefit the coastwise shippers generally. 



ARBITIIATION 



Arbitration is a subject which has come in for a full share of the con- 

 sideration of your board of trustees, and while there is varied thought on 

 the subject, it is generally believed that the basis of arbitration employed 

 by our association is as satisfactory as any. It is a general belief that no 

 one sviW submit their differences to arbitration without feeling that the 

 conditions justify their contentions ; hence, the results obtained must of 

 necessity be a source of disappointment to at least fifty per cent of those 

 submitting their differences. When we realize the advantage gained in 

 time and expense saved, and that a verdict rendered by an impartial and 

 intelligent jury of our own members should render more justice than the 

 verdicts rendered by the average jury sitting in our circuit courts, we will 

 without doubt make a freer use of arbitration in the settlement of our dif- 

 ferences. The subject of universal peace and international arbitration is 

 now engaging the master minds of so many of the world's leading citizens. 

 and it seems to suggest that we strongly recommend arbitration for the 

 further enhancement of fraternal prosperity. 



SINGLE STANDARD FOB UNIVERSAL INSPECTION OF HARDWOOD 



Acting under a resolution adopted at our last annual convention, a spe- 

 cial committee was appointed, composed of a neutral leader and four others. 

 two members of the National Hardwood Lumber Association, and two of 

 the Hardwood Manufacturers' Association of the United States, with 

 Instructions to use Its best efforts to advance the cause of a single set of 

 rules for the universal inspection of hardwood lumber. As a result of work 

 started by that committee, it can be stated that the leaders of both asso- 

 ciations wag'.d an untiring and determined effort to so harmonize their 

 ideas of inspection that one set of rules might be adopted for the use of all 

 While the result of such efforts is perhaps not all that might have been 

 desired. I deem It a pleasure and a privilege to state that while a full 

 reconciliation was not reached, it can in no way be construed as a lack of 

 effort of tha administration of the various organizations, and I cannot but 

 feel that much good and closer working relations have resulted from such 

 efforts. 



FORESTRY 



The report of our committee on forestry at the last convention was a 

 most Interesting and able report and showed the result ot a great ainouni 

 Of study and "research in all matters leading toward the future perpetuation 

 of this great subject. As It is now engaging the minds of so many of our 

 most brilliant statesmen, I am sure we may look forward with Interest and 

 pleasure to the committee's report this year. It will be remembered that, 

 while in convention at Washington last year, our attention was called to a 

 proposed amendment to the agrlcidtural bill In the Senale. It was clearly 

 shown that this amendment, if passed, would practically destroy the na 

 tlonal forestry .system and, as a result of our being conversant with the 

 subject, we were able to pass strong and effective resolutions adverse to 

 the passage of such an amendment. These resolutions of ours were promptly 

 conveyed by President Illgble to the President of the United States, and by 

 special committee to the leaders of both houses. Needless to say, the 

 amendment was killed In commlllee. 



FIRE INSURANCE 



Thi- tire insurance committee has held several meetings and is doing a 

 splenSid service, the benefits of which will eventually revert to our mem- 

 bers through many channels. Our chairman. George H. Holt, is carrying 

 on a campaign of education and is doing a general work full of enthusiasm 

 and energy. The results of his efforts has been a marked improvement in 

 conditions and the benefits are enjoyed by the insured throughout the length 

 and breadth ot our nation. Mr, Holt is to be very highly commended for 

 the fearless and very determined manner in which he has prosecuted this 

 work. 



.MEMBERSHIP 



Our special membership committee is to be commended for the splendid 

 efforts they have made and the results obtained. They were very ambitious 

 and set their peg high, and, while the desired goal was not reached, we are 

 very grateful for their achievement. 



We began the year with SO."? members 



Lost by withdrawals from natural sources, faihires, 



retiring from business, etc .35 



Secured during the year 55 



Showing a net gain of 20 



The splendid result was obtained only through the active and aggressive 

 efforts of our membership committee, and special mention should be given 

 to several of our members for the results obtained in this great Middle 

 West, and their efforts have had much to do with our coming to Louisville 

 for our annual convention. 



I feel very much gratified at the results obtained and I am under great 

 obligations to all those who have assisted in this work,. 



CAR STAKE ALLOWANCE 



The special congressional car stake committee has had little opportunity 

 for achievement. They have at all times stood ready for activity, but in 

 the judgment of yotir board of trustees the time and conditions would not 

 warrant any formal action. They have very properly called the attention 

 <if our members to the fact that a very great many of them were not avail- 

 ing themselves of our traffic department, and consequently losing the bene- 

 fit that should be derivi-d through the loss of free freight on 500 pounds 

 per car on all flat or gondola cars. This is a matter that should be watched, 

 as many times the cost of membership in this association may be derived 

 annually from this source alone. 



Several olher committees, not especially referred to, will have Interesting 

 and iDstru<'tive reports, and I would commend them to yotir attenllon and 

 (•arefnl consideration. We welcome the delegates and representatives of 

 our sister associations and olTer them the freedom of our meeting. We 

 hope that you, one and all, will feel free to use the floor of our convention 

 for the fostering of any subject that Is of general interest to the lumber 

 Industry. 



It is very gratifying to me to be able to report that our relations with 

 all associations are all that could be desired, having had no Incident dur- 

 ing the year to strain our very pleasant relations. 



Our executive committee meetings, as well as those of the hoard of trus- 

 tees, have been almost unanimously attended, and I desire to thank the 

 meml)er8 of these boards, as well as the chairmen and members of all com- 

 mlilees, the ofllcera of the association and their assistants, for their loyal 

 snpiiort and their willingness to assist the administration throughout the 

 entire year. 



We have met In Louisville through the courteous and forcible Invitation 

 and hospitality extended by the members of the Louisville Hardwood Club 

 and clllzi'iis. and from a desli n our pan to bring thi^ unexcelled facilities 



