28 



HARDWOOD RECORD 



a large tract of timber lands sold recently by 

 him to Philadelphia capitalists. There are 

 some 76.000 acres embraced in the area and 

 the property lies in Smith. Warren. White and 

 De Kalb counties. 



The stave factory of the A. L. Hayes Com- 

 pany of Nashville narrowly escaped loss by 

 flre recently. Fire was discovered in the boiler 

 room before it gained any headway. 



Memphis. 



The Memphi.s Log Loading Company has 

 been formed here for the purpose of facilitat- 

 ing the loading of car.s in Mississippi and 

 Arkansas with timber to be shipped to the 

 mill.'! of Memphis. The capital stock is $20.- 



000. W. H. Russe of Russe & Burgess is 

 president; J. W. Dickson of the J. W. Dickson 

 Company, vice president; W. A. Dolph of 



1. M. Darnell & Sons Company, ti'easurer. and 

 W. B. Turner, secretary and superintendent. 

 Mr. Turner is an old traffic man. Application 

 for cars and their distribution will be made 

 direct to the railroads through Superintendent 

 Turner instead of througli members of various 

 firms. Practically all manufacturers of hard- 

 wood lumber having plants here have stock 

 in the company, and the general plan as out- 

 lined is favored by the railroads. It is be- 

 lieved that this will insure a more equitable 

 distribution of cars and that it will likewise 

 give a better timber supply to local mills. 



The Anderson-Tully Company. North Mem- 

 phis, is putting in a new box factory with 

 daily capacity of about three cars of boxes 

 and box shooks. The plant is to be a dupli- 

 cation of the one now operated by the com- 

 pany, except that it is to be fitted with ma- 

 chinery for the manufacture of lock-corner 

 box material. The plant will be in operation 

 in about ninety days and will give the com- 

 pany a daily output of six cars. The Ander- 

 son-Tully Company also manufactures hard- 

 wood lumber, owning and operating a large 

 mill in North Memphis, which was purchased 

 from the Bennett Hardwood Lumber Com- 

 pany. 



E. H. and L. C. Nolan, who some time ago 

 withdrew from the Bacon-Nolan Hardwood 

 Company, and who have been engaged for 

 some time in the erection of a tight heading 

 mill in South Memphis, are preparing for the 

 erection of a planing mill for the manufacture 

 of gum ceiling, siding and other products of 

 this wood. 



The Supreme Court of Tennessee has re- 

 versed the ruling of Chancellor Heiskell of 

 Memphis in the case of I. M. Darnell & Son 

 Company vs. the City of Memphis, involving 

 the taxation of logs brought into Memphis 

 from Arkansas and Mississippi, holding that 

 they are subject to tax. Chancellor Heiskell 

 took the ground that it was in violation of 

 interstate commerce law for logs to come in 

 tree from Tennessee and not free from Mis- 

 sissippi and Arkansas. It is understood that 

 the ca.se will be carried to the Supreme Court 

 of the United States on a writ of error, and 

 tliat such taxes will be paid under protest 

 until final disposition is made of the matter. 



The plant being erected by Moore & McFer- 

 ren. in North Memphis, to replace the one 

 burned in April, will be completed within 

 the next three or four weeks and placed in 

 operation. It will have a daily capacity of 

 about four cars. Following the completion of 

 the plant work will begin on the warehouse, 

 which was also burned. 



'Weather conditions during the past fort- 

 night have been very favorable and much 

 better progress is reported in the sawing of 

 hardwood lumber in this district. Prospects 

 for production are much brighter than for 

 some time, though none will admit that there 

 is possibility of any decided accumulation of 

 ■ stock unless there is an appreciable decrease 

 in the demand. There are more mills operat- 

 ing in the interior now than there have been 

 for possibly twelve months. 



The C. B. Kelly Lumber Company, whose 

 failure to meet its obligations some time 

 ago caused ^the closing down of the Bank of 

 Newport. Newport. Ark., will probably be 

 thrown into bankruptcy, a petition to that 

 effect having been filed in the Federal Court 

 at Little Rock. The liabilities are estimated 

 liy the petitioners at $150,000 and the a.ssets 

 at $125,000. The assets of the company were 

 to have been sold under the receivership plan 

 July 7, but bankruptcy proceedings take 

 precedence over all other litigation. 



The Lumbermen's Club of Memphis has sus- 

 pended regular meetings until September. In 

 the event of any important business, there 

 will be a 'called meeting. This was decided 

 upon at a meeting at the Hotel Gayoso, June 

 16. at which an exceptionally delightful 

 luncheon was served. 



Contract has been let by the Hotel Gayoso 

 Company for the erection of a six-story front 

 on Main street, which will add seventy rooms 

 to this hostelry, which is headquarters for 

 lumbermen who visit Memphis. The addition 

 will have a frontage of almost 60 feet on 

 Main, and will cost $195,000. 



AV. R. Barksdale, president of the Lumber- 

 men's Club, has been presented with a hard- 

 wood gavel, which he will use in future when 

 presiding over the deliberations of that body. 

 'Ihe presentation speech was made by R. J. 

 Durnell, whom Mr. Barksdale succeeded. Dur- 

 ing the course of his talk, Mr. Darnell said 

 that the wood from which the gavel was 

 made was taken from the "Constitution." and. 

 while President Barksdale replied in a neat 

 little speech of acceptance, he showed clearly 

 enough that he was not willing to swallow 

 whole the "Constitution" theory. 



B. G. Sargent, who has been identified with 

 hardwood lumber shippers here for some years 

 as commercial agent of the St, Louis. Iron 

 Mountain & Southern, has resigned, and will 

 be succeeded by Cliarles Rippen. who comes 

 from a similar position, which he has filled 

 for the Seaboard Air Line at St. Louis for 

 several years. Just now C. H. Oglesby is 

 looking after the duties of this position, 

 pending the arrival of Mr. Rippen. 



The Schuh-Miller Lumber Company at 

 Selma, Ala., which has been cutting hard- 

 w-ood lumber ever since it was established, 

 will in future cut yellow pine. This decision 

 was reached when the company was reor- 

 ganized a short time ago. Under the old 

 regime the output of the company was han- 

 dled through the J. W. Thompson Lumber 

 Company, but this will be handled direct by 

 the firm hereafter. 



J. W. Connelly of the Connelly Hardwood 

 Lumber Company, of Kansas City. Mo., was 

 in the city this week. 



Mr. Steinbach. manager of the hardwood 

 department of the Northern Lumber Com- 

 pany of New York, was a recent visitor here. 



William I. Palmer of Palmer, Parker & Co. 

 of Boston. Mass., was circulating among lum- 

 bermen here a few days ago. 



Rapid progress is being made in the finan- 

 cial reorganization of the St. Louis & North 

 Arkansas Railroad Company. $3,000,000 hav- 

 ing been subscribed to the $6,000,000 gold note 

 issue decided upon by the directors this week. 

 The road will be extended to Neosho. Ark., 

 where connection will be made with the Kan- 

 sas City Southern, and eastward to Memphis 

 or Helena, Ark,, a distance of 100 miles, where 

 it will connect with the Illinois Central. The 

 road taps a splendifl hardwood timber section. 



Receiver John P. Edmondson of the Mer- 

 chants' Trust Company, in which a number 

 of lumbermen here were interested as stock- 

 holders and depositors, has received a final 

 order from the Chancery Court for the dis- 

 tribution of the remaining money due cred- 

 itors, amounting to ten per cent of the total, 

 or about $175,000. Three previous dividends 

 have been declared before, each being thirty 



'per cent. Following the payment of depositors 

 in full, there will be a distribution to stock- 

 holders, who. it is estimated, will receive 

 about forty per cent of the par value of their 

 stock. This is even better than some ex- 

 pected when the institution first closed its 

 doors. 



The Central Lumber Company has filed suit 

 against tlie T. J. Orr Land & Lumber Com- 

 pany, formerly of Mempliis. but lately of 

 Heth. Ark., asking for damages in the sum 

 of $18,000. alleging breach of contract to fur- 

 nish the mill of the former with good mer- 

 chantable timber from June 14. 1905. till June 

 14, 1908. to be cut from a tract near Heth. 

 and further alleging the defendant did attempt 

 to carry the contract out for a while, but 

 has since broken the agreement and torn 

 down the mill, entailing a loss to the plaintiff 

 of the amount demanded. 



Russe & Burgess are getting in a nice sup- 

 ply of timber now from their land near Marks, 

 Miss., where a siding was put in to convey 

 the logs from the river to the railroad. The 

 plant of the company is now running full 

 time, having recovered completely from the 

 damage following the bursting of the flywheel 

 on the engine operating the re-saw. 



J. W. Thompson of the J. W. Thompson 

 Lumber Company, in conversation a few days 

 ago. expressed the view that there was a bet- 

 ter demand from some sections than there 

 had been during the preceding month. 



Thompson & McClure report considerable 

 progress in cutting lumber at their mill in 

 Mississippi. 



New Orleans. 



J. W. strong of the J. W. Strong Milling 

 Company of Baton Rouge, who was recently 

 adjudged a bankrupt on the involuntary peti- 

 tion of the American Hardwood Lumber Com- 

 pan.v of New Orleans, has filed schedules set- 

 ting forth his assets and liabilities. The total 

 liabilities are $74,627.46. the assets $30,445. 

 Most of these claims are held by lumber com- 

 panies, among them the American Hardwood 

 and others. The bankrupt was engaged in the 

 manufacture of hardwood lumber, and the 

 American Hardwood Lumber Company forced 

 him to appear in court and confess his insol- 

 vency. Below is a copy of his schedule: 



LIABILITIES. 



Taxes due slate and municipalities. . .$ 50.40 



Secured claims 4..'j00.00 



Unsecured claims 17, -'43.98 



Notes and bills that ought to be paid 



by other parties. . .' 2.2,260.36 



Accom.modatiou paper 30,572.72 



Total .$74,627.46 



ASSETS. 



Real estate $ G.000.00 



Hills, notes and securities.. 6,000.00 

 Horses, cows and other ani- 

 mals 1.153.00 



Carriages and other vehi- 

 cles 300.00 



Machinery, tools, etc 8.940.00 



Other personal property.... 1,350.00 



Unliquidated claims 6,200.00 



Exempted properly ..." 500.00 



Total !);30,445.00 



Liabilities in excess of assets .$44,182.46 



At Clarksdale. Miss., the Hudson -Dugger 

 Company was recently organized with a 

 capital of $100,000 to manufacture staves, 

 heading and other products from oak and 

 other hardwoods. The organizers are Charles 

 Hudson, John F, Dugger, Charles L, Duff and 

 associates. 



The Southern Spoke & Manufacturing Com- 

 pany, domiciled at Shelby, Bolivar county. 

 Mississippi, has been organized to manufac- 

 ture hardwood products, making a specialty 

 of spoke and spoke butts. The incorporators 



