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February, 1912 fleet. Discussing this phase of the sit- uation, Mr. Coulby said: "TI attribute a part of our sticcess in this direction to our policy of pay- ing by check. We will give a man one check, two checks or three checks, or whatever he wants for his month's work. But we never could have made a success of the check system or the savings plan by simply endorsing it. It's the fellow on the boat that gives it life and keeps it going. The cap- tains can get it going and that boat saves the most money whose captain 'leads the list of depositors. There was a lot of opposition to the check system when we first introduced it, but. I just called a few of the lead- ing captains to "the office and got them to see its advantages and they acted as missionaries among the rest. Now you could not get them broke of the check habit if you tried." Turning to a general discussion of laké trade, Mr. Coulby said: "This lake business will be a greater business in the future than it has been in the past. Probably in ex- tremely dull years there is not going to be business for everybody, but there is no company engaged in the transportation of commodities that will ever ships enough to do their business in good years. The situation has not changed a particle from the first day when I started in business. When the Minnesota Steamship Co. started building vessels the independent owner felt that he was deader than he ever was before; when Rockefeller began to _ build his ships the independent felt that he * was done for. Still after that we have had some mighty good times. I am not worrying over the volume of freight. 'We will. see the day, and we will probably see it sooner than you expected,. when we will all be have THE MARINE REVIEW Wihat I am aftaid of is that when that day comes we will not have the men to properly man these ships. That is one of the things we should busy ourselves with--getting an or- ganization on our boats and in our fleets' and take care of that timé which is surely coming when we will all be busy. We will need every trained man that we can get aboard our ships. . know that there are a_ great many boats that have not done any- thing in the past year. But it has not been dull only on the lakes. I have the misfortune to be interested in two blast furnaces and I know that one has been ready for the match since the year before last, but. it a5 yet in commission. Fifty per cent of that plant has been out of com- mission longer than any boat rep- resented here. All this dull time has not localized itself on these lakes." Mr. Coulby urged a three-hour watch in the pilot house and three hours on deck. This has been the practice of the Pittsburgh Steamship Co. during the past year, but' it is not generally followed by the other own- ers. "The Pittsburgh company has made a lot.of wheelsmen," said Mr. Coulby. "Why don't you do likewise? Why do you? pay able-bodied. seamen's wages to a man that can't do an able- bodied seaman's work? Isn't it better to have four men forward than two?" The capital stock of the .association was increased from $20,000 to $25,000. It was necessary to make this change to take care of the increasing ton- nage. One share of stock represents 100 grosstons. .. Officers were elected .as busy. follows: William Livingstone, president; J. H. Sheadle, vice president; Capt. George P, McKay, treasurer; George A. Marr, not son, 45 secretary; H. D. Goulder, counsel; A. R. Rumsey, chief shipping commis- sioner. C. W. Elphicke, Chicago: A. B. Wolvin, of Duluth, and F. W. Smith, of Milwaukee, were dropped from the board of directors. A. T._ Kinney, of Cleveland, and -J. J. Bo- land, of Puffalo, were added to the board, leaving two vacancies, Tor Morford, a director, having died dur--- ing the year. The board at present stands as fol- lows: J. .H.: Sheadle Harry Conipy Capt. John Mitchell, Harvey D. Goul- der, W. C. Richardson, J. 'S. Ashley, S. P. Shane, Capt. Edward Morton, W. H. Becker, W. A. Hawgood, W. H. McGean, A. F. Harvey ang 8 27 Kinney, of Cleveland; William Living- stone, of Detroit; F. W. Gilchrist, of Alpena; D. Sullivan, of Chicago; J. J. Boland, J.J. H.. Brown, Castries Heald and W. E. Lloyd, of Buffalo; G..A.; Tomlinson, of Duluth: HL, shaw, S-,,P, Cranage, of Bay City: John Craig, of Toledo; H. S. Wilkin- of Syracuse; W. M. Mills, of Tonawanda, and C. D. Dyer, of Pitts- burgh. The executive committee consists ta Wm. Livingstone, J. H. Sheadle, Harry Coulby, J. J. H. Brown, Charies M: Heald; Di: °Sullivan,?:G90 P? Shane and:«€Captic John * Mitchell Hy @. Wilkinson was added to the list of alternates, which was the only change made, The annual dinner was a_ splendid function, President Livingstone pre- siding as toastmaster. The principal address was made by John Barrett, director general Pan-American Union, who spoke on 'Pan-American Com- merce and. the, Panama Canal" ~His talk emphasized the wonderful com- mercial possibilities which lie to the south of us. ANNUAL DINNER OF THE LAKE CARRIERS' ASSOCIATION