_UMBER AND TIMBER COMPANIF 
149 
PROPERTY: Properties of the company include 30,515 acres of timber land, held 
under perpetual license or leases and estimated to carry in excess of one billion 
feet of merchantable timber; two mill plants, one at Vancouver and the other 
at North Vancouver; waterfront real estate, and complete logging and woods 
equipment. 
OFFICERS: CC. P. Mayer, Pres.; C. . Keith, Vice Pres.; L.. C. Thomas, Sec.-Gen. 
Manager. 
DIRECTORS: C. P. Mayer, C. S. Keith, L.. C. Thomas, J. H. Kirby, C. 8S. Battle. 
Fiscal Year Ends: De p Annual Meeting: 3rd Tues. in Feb. 
Par Value Authorized 
ceeeeeeeee $100 $4.000,000 
Stock is closely held and dividends not reported. 
~UNDED DEBT, As of Dec. 31, 1929 
First Guaranteed Sinking Rate Dated Due Authorized Outstanding 
Fund Bonds ... eee 13% 1922 1937 $1,250,000 $1.250.000 
Interest Payable: May 1 and Nov. 1, Tax Status: Company pays 2% Fed- 
at the National Bank of Republic, Chi- eral income tax. 
cago. . . 
Trustee: Montreal Trust Co. Mon- Security: First mortgage on assets 
(real and Calvin Fentress. Chicago. of Vancouver Lumber Co., Vancouver 
Registerable: As to principal (cou- Cedar Mills, Mainland Timber Co. and 
pon bonds). Mainland Cedar Co. 
Denominations: $100, $500, $1,000 Other Details: Guaranteed, jointly 
Callable: In whole or in I" on any ind severally, principal and interest, 
interest date upon 30 days notice at OV endorsement on each bond hy Mr. 
105 and accrued interest. A. l.. Clark and Mr. E. C. Knight. 
Sinking Fund: Provides that $1.80 Offered by: Daker, Fentress & Co. 
per 1,000 feet must be paid for one bil- National City Bank and Peabody, 
lion feet of timber covered by the mort- Houghteling & Co.. Chicago. Mav, 1922. 
gage as removed. at 100. 
WESTERN TIMBER COMPANY 
GENERAL OFFICE: Eau Claire, Wisconsin. 
HISTORY: Incorporated under laws of Washington, 1904. Incorporated as a 
timber investment company with an original investment of $500,000. It is one 
of a group of three corporations (namely, the Western Timber Company, Fir 
Tree Lumber Company and Nehalem Timber & Logging Company), all controlled 
by substantially the same stockholders, which acauired aabout 21 billion feet 
of timber properties. 
PROPERTY: 1,050,000.000 feet of timber valued at $3,292,700 on approximately 
14,500 acres of land located in Cowlitz County, Washington. 
Affiliates: Fir Tree Lumber Co. and Nehalem Timber & Logging Co. are con- 
trolled by substantially the same stockholders which control Western Timber Co. 
OFFICERS AND DIRECTORS: A, J. Keith, Pres.; T. B. Keith, Treas, Eau Claire, 
Wisc.; Henry Turrish, Vice Pres, Duluth, Minn.: Wm. Carson. Burlington. Iowa: 
A. J. Marsh, Eau Claire. Wisc. 
T"NDED DEBT, Ax of Dec. 31, 1929 
Rate Dated Due Authorized Outstanding 
-.- 6% 10-15-28 1930-38 $1,500,000 $1.500,000 
1 & Oct, 15 at 
tirst Mortgag 
(old Bonds 
Interest Payabl. and interest, plus 1% 9% for each unex- 
‘rustee’'s office. pired year, premium in no event to ex- 
Principal Payable:  $60,00v semi. ¢ral income tax and refunds Pa. prop. 
annually, Oct. 15, 1930, to Apr. . , 1932, tax not exceeding 4 mills. 
incl.; $75,000 semi-annually, “(52 to Sinking Fund: $2.00 per M paaid 
1934; $100,000 semi-annually, 1934 to trustee as timber is cut or released 
L938: $160,000 Oct. 15, 1938. from mortgage. 
Trustee: Continental National Bank Tax Status: Company pavs 20 Fed- 
& Trust Co. of Chicago. eral income tax. 
Registerable: Coupon bonds regis- Security: Closed 1st mortgage land 
terable as to principal. and timber. 
Denominations: $1,000, $500, $100. Offered by: Baker, Fentress & Co.. 
Callable: On 30 days’ notice at par Chicago. Oct. 199%