HARDWOODRECORD 23 



Tlie report issues a warning that, although it has been a long time will go a long way toward righting the public opinion as directed at 



since actual predictions were uttered of a serious car shortage, now the lumber business, and there is no reason why by proper educa- 



railroads, through their enforced period of curtailment, are not able tion the daily press should not contain frequent articles of this 



to keep their equipment up to the requirements of a period of nature. 



business activity and of the movement of a large crop production. Thp Natinn's Riisin«>ee 

 Hence it is thoroughly believable that during the crop-moving period 



there will be a serious shortage of tonnage which wUl miUtate '^^^ '^^"'■'^ '® "^'^ *'*'« °* ^ ^^^'^^ recently received from the offices 



seriously against the prompt movement of commodities like lumber. °* ,*^'' °*="''y created Chamber of Commerce of the United States. 



/-i« v. 1 ■ iu ,. 11 .11. i. ...I. u 1 i! J i-i, -1. 4- '■t is *''^ P'^1 °f the directors of the association to complement the 



Of banking, the report alleges that the bankers find the situation , , .0 ,1 t ■ , ■ 



,.j.,, 4.- .0 i ii. mv, J! i. iu i. 1. T desks or ail editorial writers with a periodical survev of the instruc- 



a little more satisfaetorv than a year ago. The fact that banks ^. ,, . „ , . ^ ' . v, ^ <= o,,iu>, 



- iu • <- • 1 • / i 4.1 u .1 ii 4. n 1 J ^^^''^ things of the nation. It is expected that as the numbers 



m the interior and m fact throughout the country are well loaned , „ ., , 



■ v i £ ,. • 4.1 • .c 1.1.' TTTi.-, iu • accumulate they will supply the definite knowledge of progress that 



up, indicates firmer rates m the coming few months. While there is , , , .,, . , , , ^ t' s <= = t <».. 



.,..,,■.»■. I r 4. ■ 11 H.V.- "^s °6en hitherto unavailable except by a vast amount of superficial 



nothing m the situation to suggest acute stringency, a much healthier , . ,. . „ ^ 



„ , -,.,. .. ^, t , , • -4. • ,1 1 4. "'ork m many directions. The page received was published on July 



monetary condition trom the bankers' viewpoint is likely to ensue. -,„ -r, , ,. ,,..,„ 



22. It merely outhnes the object of future publications of this 



In the practice of economy, President Eeynolds alleges there seems y^lmhle asset to the knowledge of national commerce conditions, 



to be a wide divergence in opinion, but the general impression of .^^tij^g that it will be issued to all editorial writers of the country 



his correspondents indicates that some progress has been made in .^^^ ^^ members of the National Chamber of Commerce. It will 



the direction of the curtailment of extravagance. While there eon- ,^^3, instructive progress throughout the country along the lines 



tinues to be a large element who live on the top shelf, and spend ^f ag,iculture, mining, manufacturing, transportation, distribution 



their incomes freely with little regard for the future, it is noted that ^^^ fl,,^^^^ J^ ^.^j ^^ ^^^^^^^ ^^ ^^^^ ^^ progress and of organized 



there has been a healthy increase in saving deposits in all sections of promotion, and will include statistical statements of developments 



the country. A reassuring feature is found m the tendency of indi- ^^^ ^jn ^^^^^ commercial activities at home and abroad. Such an 



viduals to reduce their indebtedness. ^^i^g^t st^rt i„ the right direction by the National Chamber of 



In conclusion the report states that, taking the situation as a Commerce certainly presages a highly successful career and the 



whole and weighing carefully the retarding influences, there is institution of a vast number of educational and beneficial features as 



justification, judging from the advices in every line of trade, for the applied to the nation 's commerce, 

 conclusion that there probably are twelve months of good active 



business with moderate profits ahead, providing of course that crops The Peoole Who Have the Monev 

 turn out as favorably as present conditions indicate. 



Adams, a ubiquitous financial newspaper writer, has evidently 



Fmnlr»v«»rc' I laK'lit A*-f been making an inventory of the wealth of sundry individuals, and 



■^ ' in the newspaper dispatches of a few days ago reports a list of 



It is brought to the attention of Illinois concerns who did not nine men to whose names are attached their reputed or real wealth 



notify the Labor Bureau at Springfield prior to May 1 that they did in figures following a dollar mark: 



not care to come under the act governing employers ' liability .Tolin D. Kocketellcr $1,000,000,000 



insurance, that they are uow under the act and must continue so .t° p'^MOT'lia'Jf.^.'': .'.'.:'.'.".'.'.'.'.:".".'.'. '.".'."" soo'ooo'ooo 



until they file notice to the contrary with the Bureau, which cannot William Rockefeller :i50,'ooo,ooo 



, , ., T ini o George V. Baker 250,000,000 



be until .lanuary, 1913. James It. Duke 200.000,000 



James Stillman L'OO.OOO.OOO 



A^ . r .1 ¥ 1 Ileury C. Frick 150,000,000 

 Count ror the Lumbermen \v. k. vanderbiit 150,000,000 



. ^. . , . , ,, , , , ., This will be pleasing information to a good many people who 



Any \ariation troni the attitude usually assumed bv the daily , ,, , „ ,,.,„',,. 



, ^, , , 1 , ., ..',,. " ,,' liaven't any such sums of money as this, or don't even believe it 



press toward the lumber fraternity, particularly m respect to the . ^ .,., ,. , 



,. , . , „ , , . '. . ,. ," , ... exists, as a guide to know where to go to make a touch. 

 implied existence of a lumber trust, is particularly welcome. It is 



a notable fact that in every instance where the press has been given \A i' r" ' \/l 



a logical argument tending to show the absolute impossibility of the Meeting CommiSSary Managers 



existence of such a combination, it has responded with a generous The third annual convention of the National Commissary Asso- 



report of the trade and in many instances has gone on record as elation will be held at the Sinton Hotel, Cincinnati, August 20-22. 



being eniphaticall.v of the opinion that there does not exist even the This association is becoming an important allied organization of 



least semblance of a trust in the lumber business. various lumber associations, and the work done by the organization 



A gratifying instance of this attitude is seen in a recent issue of 's materially assisting in proper organization and efficiency in this 



the Houghton Daily Mining Gazette published at Houghton and important department of lumber enterprises. Every manager of a 



Calumet, ilich. The opinion in question was embodied in an editorial lumber commissary will do himself distinct and important service 



in this publication which in turn was inspired by the fact that ^y attending this meeting. 



through a meeting of the Northern Hemlock and Hardwood Manufac The program is a very elaborate one, and covers practically every 



turers' Association at Houghton, the newspaper men were given an problem that is encountered in the management of the commissaries 



opportunity of seeing the actual workings of a typical lumber associa <^^ various lumber manufacturing organizations. 



tion. and by talkiug with the men themselves" were enabled to see The president of the association is Alfred Evans of Orvisburg. 



the lumbermen's side of the trust question. The editorial says: ^iss., and the secretary is Tracy D. Luccock of Chicago. Both of 



"Personally we met most of the. members present. They were tli«'se gentlemen have devoted a good deal of intelligent effort to 



all practical, progressive, hard-headed business men. 'Their associa- putting the organization in very exceljent shape, 



tion has a good work to do and is doing it. —• d • j • i M 



"The Northern Hemlock and Hardwood Manufacturers' Associa- * "® rreSldential iNommatlOns 



tion furnishes a fine example of the injustice and ridiculousness of The country is now viewing with serenity the fact that there are 



the cheap political efforts that are constantly being made to furnisli three important presidential tickets in the field for the November 



cheap political conversation even if it does some possible in.iury to elections. The situation is viewed with complacency as auguring 



established business success. ' ' little of political turmoil or prospective disturbance that would 



In speaking of the meeting the article says: interfere with a recurrence of good and profitable business con- 



" There was nothing secret about it. There was not an attempt ditions. 



to restrain trade or to conspire. ' ' If Mr. Taf t should be re-elected, of which even his most ardent 



The continued publication of such sentiments in tlie daily press supporters doubt, it is pretty well understood about what he will 



