HARDWOOD RECORD 



horses injured by the incendiary element of 

 the striking crowd. 



A Prompt Collector. 

 In the regular course of business in the 

 Hardwood Eecord office, the treasurer for- 

 warded a draft for a small amount to the 

 Bank of Crockett, Bells. Tenu., for collec- 

 tion. New Vork exchange for the sum was 

 promptly returned by this bank, and ai rosa 

 the face of the letter of a. hire were the 

 following notations: 



Rei elved, May 19, 2 p. m. 



Paid, May 19, 2 :10 p. m. 



Remittance made. May 19, 2 :15 p. m. 



The Bank of Crockett, if it transacts all 

 its business in this most prompt and satis- 

 factory manner, i- certainly doing wonders 

 in refutation of the claim that business 

 methods are somewhat slovi and dilatory in 

 Tennessee. 



Called to Time. 



Ed. F. Dodge, of the I'. D. Dodge Lumbei 



( ompany, the well known hardw 1 jobbers 



of this city, transacts a good deal of busi- 

 ness by two very up-to-date methods. < no- 

 is the use of a French automobile in 

 vassing bis trade about Chicago, and the 

 other is frequent recourse to the telephone. 



Keceiitly. Mr. Dodne railed U] a I loffin 



concern, and before he had an opportunity 

 to state his business. ., verj gruff 

 ejaculated: "We don't buy lumber over the 

 telephone," and the owner of the < - ! 

 promptly hung up the rei ■ 



To draw it mildly, Mr. Dodge's usually 

 even temper was somewhat ruffled. After 

 waiting about live minutes he again called 

 up the concern, and disguising his voice 

 meekly inquired, "Do j oi? sell coffins over 

 the telephone!" "' ertainly," sweetlj 

 came the reply from the erstwhih 

 voir.. "Well, 1 don't buy coffins over the 

 telephone," Dodge slammed bark at him, 

 and with equal promptness hung up I he n 

 ceiver. 



Trading Timber for Scenery. 



They tell a story about W. M. M<< ormick 

 of Philadelphia, who is president of the 

 Little River Lumber Company of Townsend, 

 Trail. This company has an area of virgin 

 timber approximating 100,000 acres, which 

 i- ne "i the finest, if uot the finest, hard- 



w I timber proposition in the United 



States, and is located in I he < freat Smokj 



n ntains. The country is remarkably 



beautiful and picturesque. 



h is related thai some time ago Mr. Mc- 



I ..murk, while ridiiiy along the old Ander- 



the top of t he mountains, in 



iny with a Pennsylvania stockholder, 



!.K cut Bhort the ecstasies of his asso- 



.■i.-it. ovei hi gra ndeur and beauty of the 



Scenery by halting his lousr and saying to 

 him: "!■ what I'll do; I'll trade 



you my interest in this seem. our in- 



terest in this timber." 



The trade was not carried out on exactly 

 thosi t it is recorded that Mr. Mc- 



Cormick eventually secured the stockhold- 

 er's interest in the timber. 



Getting Rich in Timber Planting. 



Reforestry propositions often appeal to 

 the amateur where they would not to a 

 hard-headed man of business. The figures 

 that can be put together by an enthusiast 

 over timber growing, are remarkable. The 

 following is one of the sort, and is decidedly 

 unique. It comes from the Hardwood Rec- 

 ord's Grand Rapids correspondent. 



"Here's a proposition that beats endowment 

 Insurance all hollow." said a real estate man of 

 Grand Rapids, Mich., recently. "I've just fig- 

 ured it out and am amazed at the result. 



"A twenty-year endowment policy of $2,000 

 will cost in the neighborhood of $100 a year, 

 and you draw out about $3,000, interest and all. 



"You .an buy one acre of the best farming 

 land in Michigan, leaving out fancy celery land 

 or anything of that kind. Cot $100i Figure tin- 

 interest on this $100 at six per cent, which is a 

 high rate for real estate security, and it amounts 

 to $6 a year, or $120 in twenty years. Add this 

 to your purchase price ami your Investment is 

 $220 (oinputr the taxes at $10 a year, which 

 would be an exorbitant rate. Add the taxes for 

 twenty years and your total Investment is $420. 

 Tliis is a rough calculation and does not go into 

 the matter of compound Interest, but the figures 

 are br 1 enough to cover that. 



"Now. on every ten feet of your acre of 

 ground drop a wild cherry pit. Cherry lumber is 

 wortb $100 a thousand feet, quarter sawed. It 

 is worth $30 a thousand in the tree. The price 

 Is continually advancing. But suppose even at 

 the rnd of twenty years cherry lumber is worth 

 I. hi $15 a thousand, you have 640 trees on your 

 :i. re of ground. A cherry tree twenty years old 

 will contain at. least 1,000 feet of lumber. Then, 

 each of your 040 trees is worth at least $15 

 standing ; all of them are worth $9,600. Your 

 original investment was $420 ; your profit at the 

 end of twenty years is $9,180, and you still have 

 your property, which must increase in value with 

 the increased demand for farming lands. 



"Nothing has yet been said about the possi- 

 bilities of cultivating the soil of your orchard 

 and increasing your returns or using it for pas- 

 ture land. Wbatever happens to your trees your 

 land always remains and has a value, and you 

 cannot lose your investment through failure of 

 the company, as in the case of endowment in- 

 surance. 



Sounds pretty big, doesn't it? But figures 

 do not lie. I have taken a tract of twenty acres 

 Of land down along the lake and I am going to 

 plain cherry tires on it." 



The above analysis may be pertinently 

 .ailed a ''timber pipe dream.'' 



Builders of Lumber History. 



NUMBER XI 



William E. Litchfield. 



William E. Litchfield of Charlestowt 

 Mass.. whose portrait the Hardwood Keco 

 is pleased to present to its clientage with this 

 issue, enjoys the distinction of having been 

 unanimously elected president of the Massa- 

 chusetts Wholesale Lumber Association, 



although he is strictly a hardw 1 dealer. His 



place of business is at Boston and he is also 



a manufacturer of hardvi Is with a saw mill 



at North Vernon, [nd. 



Mr. Litchfield has another eminent qua I if. 

 in thai . ndeai - him to the large circle oi 

 friends and busi i - acquaintances who do 

 ....I live in Boston. He is the only Boston 

 business man of old family whose ancestors 

 did not come over in the Mayflower. His 

 forbear, Lawrence Litchfield, however, can.. 

 to this country in 1635 in the Seabird only 

 i. - \.:u- otter the arrival of the Mayflower. 



:l\ the family has been identified 



with Massachusstts since the time of its ear- 

 liest settlement. Charles I. Litchfield, of the 

 family, was recently elected, together with 

 Boberl C. Winthrop, Warren Winslow, Miles 

 Standish and other representatives of historic 



families, a trust f the Pilgrim Society of 



Plymouth, Mass. 



Born in < '..basset, Mass., on Aug. 4. 1861, 

 William E. Litchfield's early education was 

 obtained in the common schools of that town, 

 and later at the Derby Academy of Hingham. 



In 1881 he I am. a resident of Charlestown, 



Mass.. where two years later he was united in 

 marriage win. Cordelia A., daughter of A. 

 C. Gilbert of Charlestown. Four children 

 blesa this union. The family has continued to 

 reside in its original home, although Mr. 

 Litchfield has bought several farms and in 

 one, In- favorite, at Bolton, the summer days 

 are passed, Mr. Litchfield making week-end 



trips to enjoy the life of a farmer as a 

 respite from the cares of business. 



Mr. Litchfield's business interests include 

 th Seed Furniture ('ompany of South Keene, 

 N. II., in which he is a director; the firm of 

 Litchfield Brothers of North Vernon, Ind., 

 which operates a finely equipped hardwood 

 mill with a . .parity of 35,000 feet per day; 

 and William E. Litchfield, wholesale hard- 

 woods, with headquarters in Boston, Mass., 

 and a trade extending over New England, 

 N.-w fork an. I abroad. He is also a director 

 in the Willi- «. Bates Company, of Boston, 

 which d..rs a large business in railroad ties, 

 telegraph poles, dimension lumber and piling. 



A.8 president of the Massachusetts Whole- 

 -.1. Lumber Association, .Mr. Litchfield has 

 been much in the public eye of late; his con- 



.. .in.- i gh energetic conduct of the 



uieut among lumber dealers of the East 

 to improve interstate commerce conditions has 

 won him high commendation in association 

 bodies. 



Mr. Litchli.Id is much interested in general 

 lumber association work, being allied with the 

 National Wholesale Lumber Dealers' Asso- 

 ciation and with the National Hardwood 

 Lumber Association. In the councils of both 

 organizations he is prominent, ami recently 

 was named as the New England representa- 

 tive on the hardwood COmmitti f th- Na- 

 tional Wholesalers' Association, by President 

 Dill, in recognition of his ability and thor- 

 ough knowledge of the needs of the hard- 

 wood industry. 



Apart from business he is a popular soci ty 

 man, prominent in leading fraternal orders, 

 including Henry Price Lodge of Mason-, 

 Royal Arch Chapter of Charlestown. Coeur 

 de Lion Commaudery of Knights Templar, 

 Howard Lodge I. O. O. F., and Bunker Hill 



