REVIEW OF BUSINESS 26 



engines are necessary the rolling stock should 

 be equipped with air brakes. In fact all rolling 

 stock, whether operated with geared or direct 

 engines, should be fitted with air. One runaway 

 would more than pay the cost of such equip- 

 ment. 



The mill should be in good repair. "Whether 

 band or circular it must be economical of its 

 kind. Bonds should not be written on mills that 

 butcher timber. Such sawing shows indifferent 

 and improvident management and eats into the 

 security. Timber slaughtering mills are quickly 

 killed off when competing plants go after their 

 trade. The capacity of the mill should be suffi- 

 cient to cut enough lumber to care for the in- 

 terest and retirements on the loan. There 

 should be ample water supply at the mill and 

 sufficient hydrants and hose to handle any fire. 

 The pumps should be good, the hose sound and 

 easily accessible. If possible a sprinkler sys- 

 tem should be used. The refuse burner should 

 be covered with spark arrestor and placed as 

 far from the mill as possible. 



The Sales department must be well organ- 

 ized. The market is vital to the income and 

 the books must show a clean record on this 

 point. Also the Accounting and Collecting de- 

 partments must be effective, and the business 

 in good credit. The shipping facilities must 

 be good. The plant must be on a railroad that 

 enables the lumber to reach a ready market. 

 Plants located on more than one road are verv 



