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EVENTS OF TODAY
Wagner programme at Capitol park. Birmingham plays Nashville at Hick wood Field. Reunion of Jefferson County Veterans’ association at Avondale park. PUBLIC IS WILLING TO GIVE RAILROADS FAIRESTTREATMENT Enormous Capital for Im provements Spent During ‘ the Past Few Years READJUSTMENT IN ALL LINES NOTED Most Encouraging Feature Is Attitude of Younger Men Who Handle Railroads’ Great Traffic Problems By HOLLAND. Now York, August 13.—(Special.)—Julius Kruttschnitt, chairman of the executive committee of the Southern Pacific rail road, states in an article by him recent!* published that ir. a four-year period be ginning In the panic year of 1307 and end ing in 1911—a period contemporaneous wit! the last par: of Roosevelt’s administra tion and the lttst two years of Taft's—the railroads of the United States put a lit tie over $2,000,000,000 of new capital intc their properties. In 1907, on $13,000,000,001 invested in railroad properties the railroac companies received about $9,000,000 more tl.an they received in 1911 on $15,000,000,001 of invested capital. It was in 1907 or about that time that James J. Hill was reported to have sale that the railways of the United States would need about $5,000,000,000 of new capi tal in five years if they were to be able to make the necessary improvements tc keep up equipment and adequately to pro vide terminal facilities. When Mr. Hill made this statemeni many persons thought he was talking foi effect or making a wild guess. But ac cording to the carefully prepare! state ments of Mr. Kruttschnitt. American rail road companies did find in four year* $1,000,000,000 of new capital and put it tc rood use. Every dollar of this new capi tal went into certain improvements which so far have yielded no return. Mr. Krutt Bchnltt makes this statement without an* qualification. It appears to bo confirmed by something which President Ripley ol the Atchison Railway company said a day or two ago. He was referring to the fact that th? gross earnings of the Atchison system in ^ the past fiscal year were the largest thf company has ever secured, and yet in «plte of these great gross earnings thert w as no corresponding gain in the net earn ings. Both President Ripley and Chair man Kruttschnitt report that the grea Increase in non-remunerative expenditure: which for the most part have been com pelled by legislative enactments explain: why it is that increases in gross revenue are not followed by increases In net. Al ». recent conference of railway men in this city It was said that but for the very jarge amount of business offered to the railroads w hereby gross earings have beer increased, some of them wrould be peril ously near facing actual deficit because ol the heavy expenditure required in recent years by the laws. Reports All Encouraging Recently an attempt was made to secure opinions from business interests, bankers, railroad presidents and men engaged in mercantile business respecting the coeidi tlon of trade as a whole throughout the United States. The reports that were re ceived wore all encouraging, some of them highly enthusiastic. There appears to be ;no difference of opinion about the funda mental soundness of American business life. Ami tile statements made by na tional banks and state banks are absolute demonstration of the perfect soundness ot the American banks as a whole. There does appear, however, in many of these reports an intimation that American business men are beginning to wonder whether after all the railroad companies ere getting a fair deal. The new presi dent of the New Haven system, Howard Elliott, is quoted as having said that it 1s Ills philosophy that as the railroads have something to sell the great public and as the great public has something to •buy of the railroads—namely, transporta tion—the relation between the twro should be one of perfect cd-operation, based upon fairness and justice. President Elliott ts Hot one of those who voice criticism or make complaints, but some things which he has said recently and some of his ad dresses in the far northwest justify the opinion that he is convinced that as soon as the great public perfectly understands what the situation of the railroads is. realizing how vital the railroad is to the country’s business, popular sentiment will demand that fair treatment be given to the railroad by legislators and state en actment. The Railroad Situation No fair-minded man doubts that the American public as a whole is not only willing hut anxious that railroad com panies should receive fair treatment. For that reason it is regarded here as certain that the friction and annoyances and mis understandings which nowr prevail will in the course of a few’ years pass a wav. "When the time comes, railway companies of the United otates will be in position to secK the great amount of, new capital •which is necessary if the roads are to progress sympathetically and coinoidently w ith the growth of business In the United States. Their Great Properties In spite of the perplexities which Amer ican railway managers are now compelled to face it is observed that on the whole h profound opinion prevails among them that these American railroad properties are and w ill continue to he as desirable a form of investment as American capital, or European capital, for that matter, can find. The managers are going on undis mayed. The.re has been not the slightest evidence that any of them desires to give up his relations to these properties. The liighest railroad positions are eagerly A lletter IIrand of Musical Comedy “ALONG THE PIKE” in,, Mallnre O.Qft 7>30—MIGHTS—g J.UC Dally ii.OU igc, 20c, 30c Uu.cn 30c 40e MAJESTIC 1000 in*. Mallnec 2i»l Srala al 1UI Mithta 7>30 « I] TWO GREAT FEAT I'IK FILMS “ZIGOMAR iil” and “BALAOO” A Polished 14-K Gold Plated “DAFFYDIL” SCARF PIN . i' ’ ■ . * - « \ • \ To Every Purchaser of a 5c Package of Sovereign Cigarettes Sovereign • ' ■ _ , , *v • ■ These handsome, novel, “Daffydil” Scarf Pins are going like wildfire wherever introduced. They are the latest smart fashion—ladies and gentle men everywhere are wearing them. These Pins are the exact reproductions of “Tad’s” famous “Daffydil” figures, and are polished Gold Plated, with • German Silver stems also Gold Plated. As soon as you see one you’ll want one—so go to your dealer right away, for a 5-cent package of ’ * . . .. ‘ ' " .. , . ' • CIGARETTES . ; • ’ *• WUI* • <♦ : U 'tui </. tflV. I ... Y it . ' ; 1 •' " •* *• • .* •• ■ -it ft- ' X,- , / ■ ^ **» V* SOVEREIGN Cigarettes are breaking all records for popularity—making a clean sweep of the country—their 1 f fl < 1 V • ^ V V . • SPECIAL NOTICE TO DEALERS We want every dealer in Birmingham to be supplied with these ‘‘Daffydil” Scarf Pins, and take advantage of this special offer. All dealers who have not already been supplied, may secure a special supply of these “Dafy dil” Scarf Pins by phoning Soverign Headquarters, F. W. Stubblefield, Phone Main 6828, 9 to 11 a.m., 3 to 5 p.m. sought, and there are always available reserve lists upon which to draw when responsible positions are to be filled. The experience of the fall of 1912 fur nishes one of the best proofs that the faith in investors in the soundness of American railroads us a whole has not been greatly impaired by adverse influences in the past six or seven years. Furthermore, the ex-: perience last fall shows that a career as a railway manager is still something that tempts the ambition of young men. The public in the fall of last year did not real ize how greatly the ability of the younger generation of railway managers—the younger men who hold subordinate posi tions—was tested. Until August of last year the Impression was that the harvest might be somewhat below average. Favorable winds, showers and unsfcine matured a splendid harvest and whcu> the business men of the country knew that, one of tin* greatest of American harvests was to be garnered they began activities which very rapidly increased. All this called for extraordinary energy and ability on the part of railroad managers, and •specially the younger generation who have actual charge of the handling ot traffic and the moving of trains. In addi tion to the sudden and very great demand for transportation of grain, manufacturers anc\ wholesalers begun a movement ot commodities which almost made a new record, and did make a new one so fur as the suddenness of the demand was con cerned. The younger men who had charge of the handling of traffic and the moving ot trains met their responsibilities in A man ner which has called out the highest com mendations of the executive heads of our railroads. These younger men would not work with enthusiasm unless they were confident that the American railroad had as great a future relatively as any other American activity. Railway managers Iti this city are inclined to think that prevail ing conditions are only u passing phase ol the readjustment which Is now In progress fn our entire business world Fifteen Days—$12.00 Wrightsville Beach August iti, through Bleepers, Seaboard, Children Witness Tragedy Chicago. August 13.—Three small chil dren on the west aide today saw Henry Beeson, an aged watchman, shoot andt kill Mrs. Hulu Climle and then kill him self by firing n bullet through the head. The woman was telling Mrs. Ellen Killen, her neighbor, that she was “through with Beeson'' when the watchman ap proached and began shooting Mrs. Killen’s three grandchildren clung to her skirts in terror as they witnessed the tragedy. Reassert Independence Peking, August 13.—The southern Chin ese rebels have again obtained the up per hand in Nanking and have reasserted their independence, according to consular dhpatches received from that place. i i.,., 1 ■ ■— For Weakness nod Boss of Appetite The Old Standard general strengthen ing tonic, GROVE’S TASTEBES8 chill TONIC, drives out Malaria and builds up the system. A true tonic and surs Appetizer. For adults and children. 60g. Exclusive Snails From the Chicago Dally News. A Frenchman drove up 1 na taxicab to the Cafe de la Paix In Paris one day and ordered a dozen snailB. He devoured them like a starving person. Then he leaned back in his chair, sipped his chabils, and said to the waiter: "How fine those 'snails were! They’re the first I’ve tasted for six months." "Been away, sir?" said the waiter. "Yes; I’ve been spending six months in England." "And don’t they have snails there, sir?" "Oh, yes,” was the reply; “they have them, but they can't catch them." Cody Died Pennyless . Loudon, Apgust 13.—Samuel F\ Cody, Anglo-American aviator who wan killed at Aldershot on August 7. died practically penniless. All the prize money he had won was spent In perfecting his machines. His wife and family are left In such a dependent position that the British gov ernment Is eonslderlng providthj for them. Sulkowski Leaves Vancouver Vancouver, 'August 13.—Prince Stanis laus Sulkowski of Austria and his bride, formerly Miss Marie Ix>uise Freese of Los Angeles, sailed for Japan today on the steamer Empress of Russia. A war rant for the Prince's arrest, charging violation of the Mann white slave act, is outstanding in California.