.66
THOMSON'S MANUAL
HAWLEY PULP & PAPER COMPANY
GENERAL OFFICE: Oregon City, Oregon.
HISTORY: Incorporated under laws of Delaware, 1926, to acquire the assets and
business of Hawley Pulp & Paper Co. of Oregon, organized in 1908.
BUSINESS: Company manufactures newsprint, manila and sulphite wrapping
paper, tissue papers, fruit wrapping papers and bag paper, and crepe towel.
Company has a complete printing and stereotyping department and modern paper
oiling equipment for oiling of fruit wrapping papers.
PROPERTY & PLANTS: Plant of company, located at Oregon City, Oregon,
has a total daily capacity of 200 tons of finished paper, of which approximately
130 tons is newsprint. Company has mechanical and chemical pulp mills with
ample capacity to supply its raw material requirements. Company has a cut-up
mill and pulp wood storage facilities at Milwaukie, Oregon.
Company owns 23,009 acres of timber lands in Clatsop and Tillamook Coun-
ties, estimated to carry over 809,552,000 feet of timber. .
Company owns original water rights on the Willamette River for 1405 h.p.
and has long-term leases for 10,598 h.p. which is available for the pulp mill
approximately eight months in the year.
Company has contract with Portland Oregonian and Oregon Journal to fur-
pa newsprint of approximately 80 tons per day for 10 years, beginning Jan. 1,
MANAGEMENT: Mansel P. Griffiths, Pres.; George W. Houk, Executive Vice-
Pres:.W. A. Kelly, Vice-Pres. & Gen. Mgr.; T. Henry Boyd, Secy.; Robert W.
Peters, Treas.
DIRECTORS: Mansel P. Griffiths, Seattle; George W. Houk, Portland; W. A.
Kelly, Oregon City; Joseph T. Peters, Portland; Myron C. Woodard, Silverton;
Harry T. Nicolai, Portland; Franklin T. Griffith, Portland; T. Henry Boyd, Port-
land; Eric Bernays, St. Louis.
VOTING TRUSTEES: Mansel P. Griffiths, Charles R. Blyth, Roy Shurtleff,
Seorge Leib, Joseph T. Peters, Harry T. Nicolai, Franklin T. Griffith. T. Henry
Boyd, Myron C. Woodard.
GENERAL AUDITORS: Pierce, Waterhouse & Co.
Fiscal Year Ends: Dec. 31. Annual Meeting: Third Tuesday in March.
Profit Before Depreciation
Deprec. & Taxes & Fed. Taxes
* 915,766 520,914
765,127 306,234
2,405,932 171,977
695,812 ng.018
007,096 "9,562
937,392 1,787
618,369 "5,281
511,853 3,93"%
728,900 4,694
737,564 ’9,713
375,620 217,623
620.909 207.607
HA TAT, JZATION, As of Dec. 31, 1929
“ar Value Authorized Outstanding
{. $7 Cum. 1st Pref. Stock.....c.ee... ... No Par 20,000 Shs. 20,000 Shs.
2. $6 Cum. 2nd Pref. StocKk.......cecoceeeeceec.. No Par 8,000 Shs. 8,000 Shs.
3. Common Stank eecaieaeees NO Par 200 000 Shs. 200.000 Shs
1. $7 CUMULATIVE FIRST PREFERRED STOCK. }
Provisions: Preferred as to assets fault of 9 quarterly dividends when i
and cumulative dividends of $7 per an- elects a majority of directors.
num. Entitled to $105 per share and Dividends: (Payable quarterly Jan.
accrued dividends in voluntary liquida- Apr., July & Oct. 1.) 1926, $3.50; 1927,
tion and $100 per share and accrued $7.00; 1928, $7.00; 1929, $7.00; Jan. 1.
dividends in involuntarv liauidation. 1930, $1.75. A «: The. Banl f Call
: Transfer gent: e. Bank o ali-
Company, without consent of two- ; i
thirds of outstanding Pref. Stock, shall Soraia, N. A, Portland and San Fra
not (1) increase amount of First Pref. Registrars: U. S. Nat. Bank, Port-
Stock or issue any stock having prefer- ),,3."Crocker First Federal Trust Co.
ence or priority over, or equality with, San Francisco.
First Pref. Stock, or create any obliga- Legal Opinion by: Mayer, Meyer,
tion convertible into stock having such 4 girian & Platt, Chicago, for bankers,
preference, priority or equality; or (2) and Griffith, Peck & Coke. Portland.
amend, alter, or change rights given ~.0 % . company.
First Pref. Stock. Public Offering by: Blyth & Co.
Callable: At $105 and accrued divi- Portland, Ore. Seattle, Wash., and San
jends on any dividend date upon 30 Francisco, Calif.,, Aug. 4, 1926, at 397
jays’ notice. Price Range: 1929—High, 91%; Low
Voting Power: None except in de- 82. }
2, $6 CUMULATIVE SECOND eons —_g
rovisions: Subject to 1st preferred, Callable: At $102. and accrue ivi-
nt Pretorenas gs to assets and to dends, upon retirement of 1st Deferred
~umulative dividends of $6 per annum. Dividends: (Pavable auarterly, Jan.
