-+MBER AND TIMBER COMPANIES 
OREGON WHITE CEDAR COMPANY 
GENERAL OFFICE: Marshfield, Ore. 
HISTORY: Incorporated under laws of Oregon, 1928. 
BUSINESS: Conducts logging operations in Coos County, Oregon. 
PROPERTY: 1,680 acres, cruising 90,313,000 feet merchantable timber, approxi- 
mately one-third of which is Port Orford white cedar, remainder fir, spruce and 
hemlock, located in Coos County, Oregon, tributary to Coos Bay. 
1. 
2 
Preferred Stock 
Common Stock 
CAPITALIZATION, Ax of Dec. 31, 1929 
Par Value Authorized 
vreenaneeeee $100 $600,000 
No Par $606,352 
Outstanding 
$600,000 
$606,352 
TTNDED DEBT, As of Dec. 31, 1929 
Rate Dated Due Authorized Outstanding 
6% 10-15-28 10-15-33 $450,000 $450,000 
Interest Payable: April and Oct. 15, Sinking Fund: $15 per M for white 
at office of trustee. cedar, $3 for spruce, $2 for fir, 50c¢ for 
Trustee: Continental National Bank hemlock, as cut. 
Trust Co. of Chicago. T S g rs 2 - 
Registerable: As to principal. ras Matus; Company pays 2% Fed 
Denominations: $1,000, $500, $100. . j R . 
Callable: On 30 days’ notice on any Security: First mortgages on timber 
interest date at par plus 14 % for each and equipment yalued at $1,325,000. 
unexpired year, but not less than 1% 9% Offered by: Blyth & Co.. Oct., 1928. 
nor more than 19%. at £100. 
OREGON LUMBER COMPAM 
GENERAL OFFICE: Baker, Oregon. 
HISTORY: Incorporated under laws of Washington, 1889 
BUSINESS: Engaged in general lumber business. 
PROPERTY, Ete.: Company owns in fee approximately 50,000 acres of timber 
land in Grant and Baker Counties, Oregon, and estimated to carry over 532,445,- 
000 feet of pine and 74,850,000 feet of mixed timber, and by 10.000 acres in Hood 
River County, carrying 259,440.000 feet of Douglas fir and 31,300,000 feet of other 
timber. Two sawmills at Bates and Dee, Ore.,, and a box factory and finishing 
plant at Baker, Ore., together with logging railroad, logging equipment and 
78% of the Capital stock of Sumpter Valley Railroad, which traverses the com- 
pany’'s holdings. . 
Timber appraised in 1925 at $2,460,755. Plants and mills appraised at $1,055,- 
054. Logging railroad and equipment, $494,325.51; fixed assets had a total value 
of $4,010,134.51, without stock of Sumpter Valley Railroad. 
OFFICERS: J. M. Eccles, Pres.; Dean R. Brimhall, Vice Pres.; W. J. Eccles, Sec.- 
Treas.; J. G. Titley, Asst. Secy. 
DIRECTORS: John Inglis, Dean R. Brimhall, W. J, Eccles. Homes G. Eccles. J. 
M. Eccles. 
GENERAL AUDITORS: Haskins & Sells. 
Fiscal Year Ends: Dec. 31. Annual Meeting: 4th Mon. in Feb. 
Par Value Authorized 
Capital Stock ..... 3100 $1.000.000 
Outstanding 
£996.600 
FUNDED DERT, Ax of Dec. 31, 1929 
First Mortgage Sinking ©. Rate Dated Due Authorized Outstanding 
Fund Gold Bonds.................... 6% 4-1-25 4-1-35 $1,500,000 $805,900 
Interest Payable: April and Oct. 1. 
at Continental Illinois Bank & Trust 
Co., Chicago, or at Fidelity National 
Bank & Trust Co., Kansas City, Mo. 
Trustee: Fidelity National Bank & 
Trust Co., Kansas City, Mo. Co-trustee: 
I D. Lacy, New Windsor, N. Y. 
Registerable: As to principal. 
Denominations: Coupon, $100, $500, 
$1,000. 
Callable: On 30 days’ notice on any 
interest date at 104 to April 2, 1930: 
‘ess 15% each year thereafter. 
Additional Bonds: May be issued up 
to 50% of cost of additional property 
acquired under this mortgage. 
Sinking Fund: Monthly pavment of 
£2.50 per 1.000 feet of pine timber and 
$1.00 per 1,000 feet of all other timber 
cut to purchase or call bonds at not to 
exceed redemption price. 
Tax Status: Company pays normal 
Federal income tax up to 29%. 
Secured: By a direct first mortgage 
on entire property of the company and 
by a pledge of 789% of outstanding 
stock of Sumpter Valley Ry. Co. 
Legal Opinion by: Messrs. Dower- 
sock & Fizzell. 
Other Details: Issued to retire in- 
debtedness. 
Offered by: Fidelity National Dank 
% Trust Co. Kansas City, Mo. and 
l.aev Securities Corp... Chicago. April. 
1925. at 100