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HARDWOOD RECORD 



November 10, 1920 



HARDWOOD LUMBER 



THIRTEEN BAND MILLS 

 SIX PLANING MILLS 

 ELEVEN FLOORING UNITS 



We manufacture our lumber for the mutual bene 



We desire to see all of our customers prosperou 

 erated altruism. It arises from our belief that in th 

 neither is enriched at the expense of the other, nor 



Our belief is that our dealings should result equ 

 ourselves, at the same time. 



We make this thought vital in our business, by in 

 mind of every salesman, a thorough comprehension of 

 say to them: 



Co-operation, not competition, finds its place in th 

 of competition, for this leads you to seek to get the 

 eration, by seeking to ascertain their needs, and th 

 service possible in filling the need. 



We believe that in final analysis we prosper, only 



Our interest and that of our patrons are so sim 

 nothing can be ultimately helpful to us which is not 



Annual Capacity 

 130,000,000 Feet 



fit of ourselves and those who purchase it from us. 

 s. This is neither exclusive selfishness, nor unadult- 

 e course of proper dealings between buyer and seller, 

 is one necessarily impoverished if the other is enriched, 

 ally to the benefit and profit of our customers and 



culcating into our Sales Department, and into the 

 our policy, founded on the Principle of Service. We 



is policy. Do not deal with our patrons in the spirit 

 most for the least. Serve them in a spirit of co-op- 

 en endeavor to render the most perfect, satisfying 



as those we serve prosper. ' 



ilar and so intimately united and inter-related that 

 also beneficial to them. 



W. M. RiTTER Lumber Co. 



COLUMBUS, OHIO 



agent, is authorized to adjust charges on cedar shingles to the 

 points mentioned above, on a basis of 65 cents per 100 pounds, on 

 shipments moving from January 15, 1916, to June 24, 1918, in- 

 clusive, and on a basis of 70 cents per 100 pounds on shipments 

 moving from June 5, 1918, to May 14, 1919, inclusive "as to ship- 

 ments which are not barred on the date hereof after eliminating 

 the period of Federal control in computing the period of limita- 

 tion. ' ' 



The commission also suspended until February 22, 1921, the 

 operation of schedules increasing the rates on lumber from Missouri 

 River crossings to Western points proposed by the Chicago, Bur- 

 lington and Quincy Railway Company, the Chicago, Rock Island 

 and Pacific Railroad Company and the Chicago, Milwaukee and St. 

 Paul Railroad Company. 



Long and Short Haul Order Amended 



In compliance with the application of carriers in Southern and 

 Western classification territories, the Interstate Commerce Com- 

 mission amended its order of March 1, last, concerning the en- 

 forcement of long and short haul provisions of the Act to Regulate 

 Commerce. 



The carriers were authorized to continue until March 1, 1921, 

 all rates and charges on freight traffic increased, as approved in 

 ex parte 74, which yield greater compensation in the aggregate 

 for a shorter than a longer distance, or greater compensation as 

 through rates than the aggregate of the intermediate rates. 



The same authority was granted to the carries of passenger 

 traffic until March 1, 1921, local fares and charges until June 1, 

 1921, and joint and interline fares and charges until October 1, 

 1921. 



Lumberman Ordered to Jail 



Announcement was made this week by the Bureau of Internal 

 Revenue that sentences have been imposed in the cases of Lou 



Frank and the Southern Lumber and Manufacturing Company, of 

 Nashville, Tennessee, recently convicted in the United States Dis- 

 trict Court for the Middle District of Tennessee, on a charge of 

 wilfully attempting to evade income taxes due the government 

 under the Revenue Act of 1918. Frank was sentenced to six 

 months in jail and to pay a fine of $5,000. The Southern Lumber 

 and Manufacturing Company, of which he was secretary-treasurer 

 and general manager, was sentenced to pay a fine of $5,000. 



It was alleged that Frank executed and filed false and fraudu- 

 lent income tax returns for the year 1918 for himself and for the 

 corporation of which he was an officer, and that the income of 

 the corporation was understated more than $50,000. It was alleged 

 also that Frank understated his personal income tax for the year 

 1918 by approximately $6,000. As a result of the investigation 

 by revenue officers, large amounts of additional taxes found to be 

 due were assessed together with penalties. 



Hardwood Price Stabilization 



In the October 10 issue Hardwood Recobd in its General Market 

 Conditions report urged that the retailers see the necessity for 

 accepting orders at a lower price, even though they sacrifice a few 

 hundred dollars of profit on material secured when high prices pre- 

 vailed. In this way the public will be impressed with the fact that 

 building lumber has really decreased in cost, reflecting the willing- 

 ness of the retailer as well as the manufacturers to assist in bring- 

 ing conditions to a more stabilized basis and thus suggesting to the 

 public mind the desirability of purchasing now. 



This editorial prompted the following correspondence from Wm. 

 B. Baker, secretary of the National Association of Chair Manu- 

 facturers, Chicago: 



I believe you have very ably expressed the effects of price reduction. 

 The sooner the lumber values can be stabilized, the quicker will furniture 

 and other lines of wood tabrication be encouraged to place orders and 

 bring the producing energies of lumber interests up to normal capacity. 



