MICHIGAN* ROADS AXD FORESTS. 



15 



ASKS FAIR TREATflENT 



FOR RAILROADS. 



President A. II. Joline. of the Missouri, 

 Kansas & Texas railroad, in his annual report 

 to the stockholders said in part 'The Mis- 

 souri, Kansas & Texas has produced no pluto- 

 . as far as I know its history. No one 



stock, $13,000,000 of preferred and $63,000.000 

 of common. In seventeen years of adminis- 

 tratinn since the reorganization, we have paid 

 so far just $520.000 of dividends, or 4 per 

 cent on the preferred stock for one year. 

 The amount of money wrested from the in- 

 nocent public in order to pay dividends on our 

 common stock may easily be calcuated it is 

 not as much as one cent." 



connected with it has ever been guilty of j Mr. Joline suggested further that taking 



enormously increasing the output of stock 

 and bonds in order to lure an innocent pub- 



away a railroad from its owners at the cost 

 of reproducing its plant would be as unjust 



lie into incautious investment. Disregarding as taking away a man's business and good 



for the moment the question whether that will built up by years of labor and paying 



innocent public which gambles and speculates him only the cost of his store and stock. 



for an advance is especially deserving of pa- "If a man or a set of men go into a new 



rental and indulgent consideration and what Mate or country struggling against all sorts 



the government has to do with their specu- of obstacles, physical and financial, and suc- 



lations any more than it has to do with ceed at last in completing the construction of 



their pitching of pennies or their playing of a railway, in furnishing it with suitable equip- 



bridge passes my comprehension I assert ment, in providing it with an efficient oper- 



that the managers of this road have never ating force, in developing the neighboring 



done anything to delude anybody or to get i country in such a way as to build up great in- 



anything" out of anybody to 'which they were dustries and business, will any man with an 



n<>t fully entitled. ordinary sense of fairness undertake to say 



'Credit is the cornerstone and foundation that he or they will be fully compensated by 



of all business: and when you have the cruel the payment to him or them of what it would 



and unthinking hammer of the labor, unions cost under changed conditions brought about 



striking you on the one side and the reckless largely by the original builders to rebuild an- 



and unprincipled hammer of the political other railroad in the same place? 



demagogue striking you even more merci- "It will be the policy of this company, so 



levsly on the other side what becomes of tar as I may have anything to do with it, 



your credit? I am not going to waste time in to resist by all reasonable and legitimate 



discussing the reasons for the prevailing in- methods the enactment of laws which are 



iustice to railroads; I have my own ideas, but j unjust and unfair; to bring them, if enacted, 



they may not accord with yours. It profits us j before the courts for construction and for de- 



littfe to argue academically "about causes when termination as to their validity and constitu- 



we are face to face with facts, and the prob- tionality, but to obey them honestly and faith- 



lem is not what produced them, but how we fully, if they are ultimately declared to be 



shall deal with them. valid, even if it leads to insolvency and a re- ; 



-No doubt under government ownership ceiver. It is useless to resort to petty methods 



with politicians in charge of our roads the Ol retaliation; they are only irritating and im- 



operation of our line ? would be ideal; there ! potent. "A e may as well make up our mind- 



thhi if the people of this country have made 

 up their minds to destroy our property and 

 the courts have decided that they have the 

 right to do so we must submit. But I can 

 not believe that in any country which calls 



would never be any accidents, any man who 



wanted a car could have it just when and 



where he wanted it. and keep it as long as 



he wanted to; everyone could have a train 



start at his favorite time and stop whenever . 



he wanted to get off; everyone could have ll * e]t lree and enlightened such a thing can: 



his own particular freight carried to just cver come to pass. 



the place it was intended for and delivered at 



the moment, without reference to any condi- Ludington's long-cherished dream of a stone 



tions of weather, track or traffic, and as re- road to Hamlin lake, the mecca for Chicago 



suit large dividends would be paid to the pub- summer resorters. is at last to be realized. The 



lie out of the public's own pocket. Our ex- route selected will cross Lincoln lake, near 



perience with the operation of government Epworth Heights, and will proceed directly 



conducted enterprises, here and in foreign north to the Gathe resort at Hamlin lake, 



countries, tell us that it would all be as I Lincoln lake at the point where the road will 



have said. cross is about 775 feet across, but it will be 



"I am obliged to take issue with William J. f ' lled in 'V th f and as far ^possible from each 



Brvan on the proposition that the public has shore and a ^ rld ^ * Perhaps 200 teet span 



shown no disposition to reduce railroad earn- P ut , ln - The length ot the road will be three 



ings to a point which would deny a reasonable and one-Halt miles, 

 return. The public, at least so far as it is rep- 



CLASSIFIED ADVERTISING. 

 Advertising in the classified col- 

 umns of the "State Review'* 

 will be inserted at the rate of 7 

 cents per agate line. 



Help Wanted. 



THE STATE REVIEW wants reliable subscrip- 

 tion agents in all parts of Michigan. Liberal 

 commission. Address State Review, 1406 Ma- 

 jestic Bldg.. Detroit. 



BOOKKEEPER and general office work; sales- 

 man for gent's furnishing. 79 Home Bank, De- 

 troit. 



COLLECTOR Experienced collector, with best 

 of references, wanted at once; good money for 

 right man. Business Men's Credit Exchange, 

 325 Hammond Bldg.. Detroit. 



YOUNG MAN, good habits and scholar, position 

 to keep cost and material in sheet metal works. 

 W. J. Burton Co., 164 Lamed st. west, Detroit. 



Business Opportunities. 



BUSINESS OPPORTUNITY Men of business 

 interested in a new field for making money will 

 find in our proposition what they are seeking. 

 We have a new plan in the Mail Order line that 

 will please those seeking a good investment 

 with large profits. A fortune for the right 

 person. The F. H. Alden Co., 168 E. Fourth 

 St.. Cincinnati. O. 



FOR SALE or will exchange for good real es- 

 tate, furniture and undertaking business in good 

 town in Gratiot county, doing good business ; 

 will inventory about $3,000. Montney & Jones, 

 40 Hodges Bldg.. Detroit. 



IF YOU WANT a business that will pay several 

 thousand dollars annually, start a mail order 

 business; we furnish everything necessary; only 

 few dollars required. Catalog and particulars 

 free. Milburn-Hicks, 703 Pontiac Bldg., Chi- 

 cago. 111. 



RESIDENT MANAGER wanted in each city or 

 town to represent large manufacturer of com- 

 plete line high-grade automobiles; must invest 

 small amount of money, which is amply secured : 

 good salary, expenses and commission to de- 

 sirable party with Al references. Send applica- 

 tion and references to our general manager, H. 

 L. Palmer. 46 Dev .shire St., Boston. 



Real Estate. 



resented in the legislatures, ha sshown exact- 

 ly that disposition, and as long ago as the 

 Granger agitation it was necessary to invoke 

 the aid of the supreme court of the United 

 States in order to check that very disposition. 

 The recent enactment of laws restricting the 

 passenger rate to two cents per mile, with- . , 



out regard to any conditions, either as to a satisfactory manner: 

 territory or population, making the same rate 



DIRECTORY OF CONTRAC- 

 TORS. 

 The following list of contractors have 



Michigan State Reward Roads in 



for the crowded states of Ohio and Pennsyl- Gust Freedcn, Norway, Michigan, 



vania and the sparselv >ittled states of the /-> i / x/i ' j D J 



testify to this disposition much more General Contractor, Macadam Roads, 



Bridges, Culverts, Etc. 



strongly that any witness who, like Mr. Bryan, 

 does not appear to have given the subject 

 any intelligent attention can testify against it. 



"I take issue with him also on the proposi- 

 tion that the trouble is that the railroads 

 have "watered the stock and have compelled 

 the public to pav dividends and interest upon ==== 



fictitious capitalization.' That may be Mr. Fred Rankert, Mishawaka, Indiana 



' 



Charles L. Weil, Detroit, Mich. 



616 UNION TRUST BUILDING, 



Consulting Engineer and Contractor. 



Culverts Frr 

 lUl\ ertS. LtC 



Hryan'> belief, and it is the belief of a great ]W| a radam Rnads 



many other badly informed persons. If it be Macadam KoadS, 



true, and I doubt it. that the public has been ^ _ _, -PC D u 



compelled to pay interest and dividends on Li. O. Liermam Of. SOU, rOTl Huron, 



fictitious capitalization to any appreciable ex- j Michigan 



tent what is the fact in regard to ourselves? ^ D D -j" /" _r 



\Ye have, in round numbers, $;6,ooo,ooo of Lontractors, Koads, bridges & Uradmg. 



GENTLEMAN'S country home of near 30 acres 

 in Bloomfield hills, on Orchard Lake gravel 

 road, near Pontiac ; 10 minutes' walk to electric 

 cars to Detroit; solid brick, 12 rooms, with 

 every modern, up-to-date city convenience; can 

 be occupied winter and summer; on high ele- 

 vation ; splendid drainage ; close to bank of 

 beautiful lake ; orchard, fruits, flowers, etc., in 

 season ; other buildings ; a delightful, restful 

 and retired home to one able to buy such a 

 home. Price $16,000. HOOD, 27 and 23 Cleland 

 bldg.. Detroit. 



FARM FOR SALE On account of old age, 

 365 acres, part or all of it, about 100 acres 

 in cultivation, well located; three miles from 

 county seat, \ l / 2 miles from smaller town, 

 with canning factory, railroad crossing one 

 corner of farm; a young orchard; crops 

 good, climate fine; price reasonable; tele- 

 phone in house. P. T. JACOBSEN, Erin, 

 Tenn., R. F. D. No. 4. 



Agents Wanted. 



A GOOD subscription agent wanted in every town 

 in Michigan for the State Review. Liberal 

 commission.. State Review, 1406 Majestic 

 bldg., Detroit 



