PULP AND PAPER COMPANIES
Ei
SPAULDING PULP & PAPER COMPANY
GENERAL OFFICE: Newberg, Oregon.
HISTORY: Incorporated under laws of Oregon, Feb. 27, 1926. Began operation
Jan. 1, 1928
BUSINESS: Manufacturing pulp and paper.
PROPERTY AND PLANTS: Eight acres on Willamette River, at Newberg, Ore,
improved with concrete building equipped with machinery to manufacture 30,000
pounds and upwards of paper daily.
OFFICERS: Chas. K. Spaulding, Pres.; J. C. Compton, Vice-Pres.; Lynn B. Ferguson,
Treas.; Clarence Butt, Secy.
DIRECTORS: Chas. K. Spaulding, H. C. Spaulding, Geo. James, Lynn B. Ferguson,
A. J. Lewthwaite, C. L. Starr, E. Fred Emery, N. C. Bowles, Oscar J. Closset,
Harry M. Hawkins, Leland S. Johnson, J. C. Compton, W. E. Wright.
GENERAL AUDITORS: Wm. Whitfield & Co., Portland, Ore.
Fisenl Year Ends: Dec. 31. Annual Meeting: 1st Mon. in March.
Number of Employees: 78.
CAPITALIZATION, As of Dec. 31, 1929
Par Value Authorized Outstanding
$100 $600,000 $218,500
Ca $100 $600,000 $566,500
i. 8% CUMULATIVE PREFERRED STOCK.
Provisions: Cumulative as to 8% divi- paid.
lends from date of issue. Preferred as Dividends: On Jan. 20, 1930, accrued
to dividends and as to assets in liqui- preferred dividends paid up to Jan. 1,
dation. 1927, leaving 3-vear accumulation un-Callable:
At $105 any time after 3 paid.
vears from date of issue. Transfer Agent: Company's office.
Voting Power: If dividends unpaid Publie Offering by: Geo. C. Watkins.
for two years, preferred stock assumes Portland, Ore., May, 1926.
full voting power until dividends are Number of Stockholders: 117.
COMPARATIVE INCOME STATEMENT, Year Ending Dec. 31, 1929
Net Sales $613,915
Manufacturing Cost ................ 475.835
Gross Profit ..................
Selling and General Expense...
Profit Before Dep. and Interest.............
Interest, Discounts, Etc......._.
Net Income ......_.
Depreciation ......
Net Operating Profit...
Earned, per share preferred stock.............
Earned. ver share comman stock... .
TTR SYTEET. As of Dee. 31, 1929
LIABILITIES
Accts. Payable ......... __.............}
Notes and Trade Acceptances.
Wages, Taxes and "nterest Ac
2
2.60
3.70
YEON eniierens
Accts. Receiva. _ .
Stock Subscriptions
inventories . ____
41,735
199,305
15 021
x ~§
9
Total Current wuLiabilities......{
Preferred Stock issued..............
Pref. Stock Snub. Unissued........
Jommon Stock Issued............
Common Subscribed, Unissued
Surplus
Total Liabilities _....................$1.044.15¢
TUMWATER PAPER MILLS COMPANY
GENERAL OFFICE: Tumwater. Wash.
EXECUTIVE OFFICE: Oregonian Bldg., Portland, Ore.
HISTORY: Incorporated under laws of Washington in 1928. May 21, 1929, controling
interest in the combanv was acauired bv Mr. F. W. Leadbetter and associates,
RUSINESS: Produces wood pulp and paper.
PROPERTY & PLANTS: Owns and operates ground wood pulp plant and paper
mill on Tumwater Bay, Puget Sound. Mill site comprises approximately 36 acres.
Daily capacity, 50 tons finished paper products of standard grades.
OFFICERS: F. W. Leadbetter, Pres.: W. H. Trindle, Vice Pres.; T. Osmund, Secy.:
A. S. Fleming, Treas.: W. P. Donnelly, Asst. Secy.
DIRECTORS: F. W. Leadbetter, Portland, Ore.; Joseph C. Tyler, San Francisco,
Calif.; Arthur S. Blum, Spokane, Wash.: W. H. Trindle, A. S. Fleming, D. McInnis,
T. Osmund, Portland, Ore.
¥iseal Year Ends: Dec. 21. Annual Meeting: Last Tues in Tan
255,061
2 4,300
4,200
26,200
10,300
2068
