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THOMSON'S MANUAL
FIR-TEX INSULATING BOARD COMPANY
GENERAL OFFICE: St. Helens, Ore.
HISTORY: Incorporated under laws of Oregon. - Construction of plant started
on Oct., 1929. Production started July 1, 1930.
BUSINESS: Manufacturing insulating material by disintegration of wood fibres,
using as raw material sawmill waste, consisting of edgings, slabs and bark of
fir, hemlock, cedar, pine, etc. Company has contracts with various Columbia
Qiver sawmills for their waste material. Fir-Tex board can be used in building
-onstruction, refrigerator cars. domestic vefrigerators and for acoustical cor-~ection.
PROPERTY AND PLANT: Company owns in fee 150-acre industrial site, with
*rontage of 2,700 feet on Columbia river, at St. Helens, Ore, 27 miles north of
portland, on S. P. & S. Ry. Concrete factory building 100 by 140 0 feet; equipped
with standard pulp and paper machinery, 250,000 sq. ft. daily capacity.
OFFICERS: Charles E. Dant, Chairman; Hamlin F. McCormick, Pres.; Kenneth
D. Dawson, Vice Pres.-Treas.; Arthur E. Millington, Vice Pres.-Gen. Mgr.; John
3. Coke, Secy.
DIRECTORS: Charles E. Dant, Portland, Ore.; Herbert Fleishhacker, San Francisco,
Calif.; Lee A. Phillips, Los Angeles, Calif.; John 8S. Baker, Tacoma, Wash.;
Kenneth D. Dawson, Portland, Ore.; F. A. Nitchey, Portland, Ore.; Paul H. Helms,
Beverly Hills, Calif.; Stanley S. Anderson, Beverly Hills, Calif.; Franklin T. Griffith,
Portland, Ore.; H. F. McCormick, St. Helens, Ore.; Charles A. Shea, Portland,
Ore.; William B. Dean, Chico, Calif.; A. J. Lewthwaite, Portland, Ore.; A. E. Millngton,
Portland, Ore.; E. B. King, San Francisco, Calif.
GENERAL COUNSEL: GQGriffith, Peck & Coke, Portland, Ore.
GENERAL AUDITORS: Peat. Marwick & Mitchell. Portland, Ore.
Fiscal Year Ends: Dec. 31.
CAPITALIZATION, As of April 30, 1930
Par Value Authorized Outstanding
I. Class A StOCK oo iieecaeceeieae emcee. $100 25,000 shs 17,301 shs
2. Class B Stock............ reeemeeeeeee. NO Par 35.000 shs 35.000 shs
1. CLASS A
Provisions: Cumulative has prior
rights as to dividends and assets and
will be paid first $7.00 per share, available
for dividends. After Class B
stock receives like amount, any further
dividends divided equally between
two classes.
MOMMON STOCK
Voting Power: Entitled to vote if 4
consecutive dividends are unpaid.
Dividends: Payable semi-annually,
Jan. and July 1.
Public Offering by: Tom G. Taylor
Co., Portland, Ore. 1929, in units of 2
shares Class A and one share Class B
at £200 per unit.
2. CLASS B COMMON STOCK
Provisions: Entitled to $7.00 per Voting Power: Has sole voting powshare
after Class A has received same er, unless dividends on Class A are
amount. Further earnings distributed BE ar are. was used in part
cqually between both classes, share and to acquire processes, contracts and
share alike. services of executives.
BALANCE SHEET, As of April 30, 1930 ’
ASQ LIABILITIES
Cash in Banks cooocceeeeeeee eevee $d 286,865
Accounts Receivable ..__........... 3,314
Notes Rec. (stock subscrip.).... 121,730
Buildings .. ~ 148,729
Equipment ...._....... a ~86,081
Misc. Construction ._................. ‘4,952
Exp. during Construction........ 020
Real Estate—Factory Site._...... ,000
Patents, Form., Trade Marks. .,073
Stock Sales Expenses... 50,600
‘nventory .. eeeemnmanan 23.154
TOTAL. ASSETS _ .......%2.899 518
Current—
vsccrued Payroll .coceeeeeeee $10,047
Accounts Payable . inns 14,920
~ontracts Payable—Equip. .... 295,467
Due Contr. for Construc. ........ 78.084
Calital Stock—
Class A—Common Stock........... 2,500,000
Mass B—Common Stoclk............ 1,000
ps 8
TOTAL oon. $2,899.51
GRAYS HARBOR PULP & PAPER COMPANY |
GENERAL OFFICE: Hoquiam, Wash.
EXECUTIVE OFFICES: 531 Battery St, San Francisco, Calif.
HISTORY: Incorporated under laws of Delaware. July 17. 1928. succeeding the
Grays Harbor Pulp Co.
BUSINESS: Manufacture and sale of pulp, paper and paper products. Company
ac long-time contract with sawmills for waste suitable for manufacture into
