34 



HARDWOOD RECORD 



legal cause or by mutual consent of both parties 

 thereto; and be It further 



Resolved, Tbnt, as some disputes regarding 

 such contracts arise from indetinlteness In or 

 mutual misunderstanding as to their terms, we 

 will endeavor to bring about a reform In this 

 particular so far as our influence shall extend. 



Nashville. 



Heavy receipts of logs have come down the 

 Cumberland river during the past few days. In 

 fact, the sliiiuncnts during tiie past week are 

 said to have cxcce<Ied those for any time during 

 the last six montlis. Love, Boyd & Co. got in 

 a lot of oak from the up-river country and they 

 are after more of it. J. O. Kirkpatrick & Sons 

 got in a lot of poplar and oaU from the upper 

 river and during the coming two weeks they 

 will put two representatives in the up-river 

 country, J. T. and N. II. Morton, with instruc- 

 tions to buy both hard and soft woods. liuyers 

 for John B. Ransom &. Co. are being sent out 

 this week to renew their purchases of lumber. 

 They were called in for a stay of ten days to 

 aid the yard men in taking stock. 



Advices received the first of the present week 

 state that the big mill of the Conasauga Lumber 

 .Company has started operations. JIany of Nash- 

 ville's most prominent lumbermen and business 

 men are interested in this concern. Among the 

 largest stockholders are : John B. Uansom. John 

 W. Love, M. 1-'. Green. C. D. Benedict, Samuel 

 J. and Walter Keith and Nat Lessauer, the three 

 last, bankers ; aiul Joseph W. Byrns, lawyer. 

 The company has a capital stock of $2.">U,UO0 

 and they believe they have a great thing in 

 their Conasauga property. They have bought 

 outright SO, 000 acres of timber and mineral 

 land and figure that the timber on it will last 

 for ten years with steady cutting, as they claim 

 the tract has 230.000,000 feet on it, mostly oak 

 and virgin poplar, with much white pine. The 

 sawmill started up this week, cutting 20,000 feet 

 a day. C. D. Benedict has moved to Conasauga, 

 where he has active charge of the plant. The 

 nine miles of railroad that taps the Louisville & 

 Nashville has been completed to the tract. The 

 men in this enterprise claim they have struck it 

 lucky, as they intend developing valuable min- 

 eral resources on the property after the timber 

 is cut. 



Millard Fillmore Green of the Davidson-Bene- 

 dict Company is in Nashville this week, having 

 run up from bis winter home in Florida to be 

 present at the stock taking. He reports a great 

 time in the Land of Flowers, eating oranges and 

 catching fish, although be did not report any 

 marvelous tales in the fishing line. Mr. Green's 

 family Is still in Florida and he will leave for 

 Rock Ledge in a few days. 



Hamilton Love of Love, Boyd & Co. left 

 January 2 for Hot Springs, Ark., where he goes 

 to boil out some of the rheumatism that has 

 been wori-ying him for so long. 



F., Janovitcb of New Orleans, an exporter of 

 cedar pencil timber, was a visitor to the city 

 this week looking for timber. 



John B. Uansom, president of the Hardwood 

 Manufacturers' Association, has called a meeting 

 of the executive board of the organization to be 

 held January 11 in the Stahlman building iu 

 the offlces of Secretary Lewis Doster. At this 

 meeting preparations for the annual meeting and 

 the selection of the date and place will be 

 considered. Secretary Doster, who has been 

 spending the holidays with relatives in the East, 

 is expected home in the next few days. 



The car shortage in Nashville is a thing of 

 the past, but in its place a new trouble has 

 arisen — a dispute over demurrage charges and 

 switching service. When the financial stringency 

 first appeared the railroads took advantage of 

 the situation to "catch up," and they hauled all 

 the lumber around the country into the city 

 promptly. With one switching service a day 

 from the railroads things were soon congested 

 and even two switching services did not help 

 matters much. The railroads finally gave notice 



of demurrage charges. The iuml>i'rnii'ii ilriiinc'ci 

 to pay and the railroads have nutilicd (lie lum- 

 birnii'u that if tlic charges were not paid by 

 the last of the week the logs would be left at 

 the railroad team switches and the Uiml>ermen 

 would have to haul them from there. The lum- 

 bermen of .North Nashville have an appointment 

 the latter part of this week for a conference 

 witli liie Car .Service Association, representing 

 tile Louisville & Nashville, the Nortli Carolina 

 and St. Louis railway and the Illinois Central, 

 witli a view to seeing if some amicable settle- 

 ment cannot be made. Most of the iiMuljermen 

 of North Nashville are on Mill street, which 

 nms parallel to the Cumberhind river. 



Tlie Kentucky Lumber Company of Burnside, 

 Ky., has filed a bill here in the Chancery Court 

 asking for .lodgment from tlie Standard L\iml)er 

 and Box Company for .$2,780. alleged to be due 

 for the use of three rafts of logs. It is stated 

 in the bill that the defendant company refused 

 to iiay for logs used by it, tlie logs being some 

 that had got; beyond the control of the plaintiff 

 company up the river and were floated to Nash- 

 ville. 



The Prewitt-Spurr Manufacturing Company's 

 box and bucket department is reported running 

 at full blast. This company has recently bought 

 large quantities of poplar and its production 

 will not be curtailed in any degree. 



James Cassetty of Nashville has recently pur- 

 chased from John B. Ransom & Co. all rigiits 

 for the manufacture of the product known as 

 Dust-.\void. A separate plant has been erected 

 on Hamilton street and the manufacture will 

 be gone into on quite an extensive scale. Dust 

 Avoid is a preparation made of cedar, cedar 

 oil, etc. 



Dr. R. F. Boyd, a prominent colored capitalist 

 of Nashville, has just purchased a timber tract 

 in Cheatham county for $10,000. 



Robert P. Althauser has resigned a govern- 

 ment position here and will hereafter devote his 

 energies to the lumber business in Sumner 

 county. The new firm will be known as 

 Althauser & Webster. 



In the recent raid on the town of Russell- 

 ville, Ky., says a special, night riders, in burn- 

 ing the warehouses of the tobacco trust, also 

 destroyed the planing mill of Robertson & 

 Brown. 



A special from Dickson, Tenn., announces the 

 death there of S. W. Hopkins, manager of one 

 of the stave mills of the McLean Stave & 

 Lumber Company. He was fifty-seven years old 

 and had been working there for ten years. 



A special from Chattanooga, Tenn., announces 

 that a petition in bankruptcy has been filed 

 against the Sequatchie Iron, Coal & Lumber 

 Company. 



With the close of the past year T. II. Dunlap 

 of Nashville rounds out a career of twenty-five 

 years in the lumber business. He has received 

 many congratulations from brother lumbermen 

 over his "silver anniversary." He has trained 

 many of the young men of Nashville who are 

 now making a success of the lumber business. 

 Among those who got their starts under him 

 are Hugh C. Card, A. H. Card, C. E. Dews, A. 

 P. Jacobs, Henderson Baker, Clarence T. Dews, 

 John H. Trice, Polk Curtiss, Nat Gennett, Sam 

 Ransom, Harold Patterson, Louis Patterson, 

 "Doc" Scheffer, Hickman Beckner and others. 

 The lumbermen of Mill street or "Wall" street 

 call him "Father" Dunlap, and the latter says 

 all of "his boys" have made good. 



While out hunting recently H. T. Hedges, a 

 prominent lumber and stave dealer of Charlotte, 

 Tenn., had the misfortune to stumble and shoot 

 a companion, George Martin. Slight hopes are 

 entertained for the latter's recovery. 



W. H. Walkup of Woodbury, Tenn., has sold 

 his sawmill, planing mill, etc., to T. M. McGee 

 for $1,200. The mill had been rented to Hugh 

 C. Card of Nashville. 



Wartrace, Tenn., has a new enterprise, the 

 Wartrace Spoke and Lumber Manufacturing 

 Company. It is capitalized at $10,000. 



Memphis. 



There has been comparatively little Increase 

 in production in this territory during the past 

 fortnight. In fact. It Is probable that the out- 

 put during the last two weeks in December was 

 the smallest for any similar period since the 

 I'estriction in production began. With the open- 

 ing of the new .year, however, some of tlie mills 

 have started up. .Manufacturers are cautious 

 about resuming operations until there is more 

 improvement in lumlier conditions than has been 

 manlfraled so far. Among the mills which have 

 begun operations since the first of the year are 

 the big plant of the Three States Lumber Com- 

 pany at Burdette. Ark., one of the plants of the 

 E. Sondheimer Comiiany, the big mill of the 

 Bellgrade Lumber Company at Belzonl, Miss., 

 and one of the larger mills operated by a prom- 

 inent lumlier firm in Eastern Arkansas. There 

 are doubtless others tliat have started and many 

 will follow during January. ' 



R. J. Darnell, Inc., will start the fires in the 

 big engines at its new double band plant in 

 South Memphis the coming week, and it is ex- 

 pected that the mill will be in operation on full 

 time by the middle of this month. The company 

 has secured a large quantity of timber and is in 

 position to run steadily when all the machinery 

 is ready. The Darnell-Love Lumber Company 

 did not shut down its plant at Leiand, Jliss., 

 which is turning out a good quota of stock. It 

 has completed its railroad and equipped this 

 fully and has excellent facilities for getting out 

 timber. Part of the machinery which is oper- 

 ated here in the old band mill will be sent to 

 Leiand and the company there will have a double 

 band plant with large capacity. 



There have been no material developments in 

 the Memphis Savings Bank situation. This in- 

 stitution went into the hands of a receiver Dec. 

 24. under orders of the Chancery Court, to 

 which the directors made application for the es- 

 tablishment of a receivership. It is generally 

 conceded that depositors will be paid in full and 

 that stockholders will not fare so badly. Of- 

 ficials of the bank declare that the institution 

 is solvent, but it will require some time to 

 realize on all the collateral on hand and that it 

 will be quite a while before depositors will get 

 possession of their funds. Efforts are being 

 made by some of the other banks in Memphis 

 to secure the accounts of depositors in the 

 Memphis Savings Bank, but these will be taken 

 only for the collection of the dividends as they 

 are declared by the receiver. The most sensa- 

 tional feature In connection with suspension of 

 the bank is the filing of a suit by Blair Pier- 

 son, an attorney and a depositor in the insti- 

 tution, alleging that the bank is insolvent and 

 that the stockholders were guilty of fraud in 

 tlie administration of its affairs for some time 

 previous to the institution of the receivership 

 pr'oceedings. It is prayed in this bill that the 

 directors be made responsible to depositors for 

 any loss the latter may incur. It is admitted 

 by the oflicials and stockholders of the bank that 

 the loan of the Tuthill & I*attison Manufactur- 

 ing Company of Sheffield, .\la., effected through 

 Tuthill and Parsons of Memphis, amounting to 

 between $125,000 and $175,000 was directly re- 

 sponsible for the decision to wind up the af- 

 fairs of the bank. They were also actuated by 

 the fact that on Dec. 26 a large number of 

 legal notices would have matured and necessi- 

 tated the payment of large sums of money to 

 those depositors who had given such notice. 

 The directors did not consider it fair to those 

 who had given no such notice to pay out to 

 those who bad and decided that the receiver- 

 ship would best conserve the interests of depos- 

 itors and stockholders alike. 



I'inancial conditions here are vastly better 

 than at any time since the financial stringency 

 developed. The banks have not removed all re- 

 strictions regarding withdrawals but they are 

 much more lenient with their customers than 

 for some weeks. A positive evidence of this 



