52 



HARDWOOD RECORD 



June 25, 1919 



FOR SALE TO HIGHEST BIDDERS 



4,000,000 ft. (B. M.) OREGON PINE 



THICKNESSES— 2 in., 2M in-. 2"^ in., 3 in., 4 in., 5 in. and 6 in. WIDTHS— S in. to 12 in. LENGTHS— 10 ft. to 34 ft. 



3,000,000 ft. (B.M.) VANCOUVER SPRUCE 



THICKNESSES— 2 in., 2^ in., 234 in., 3 in., 4 in., 5 in. and 6 in. WIDTHS— 5 in. to 12 in. LENGTHS— 8 ft to 34 ft. 

 EVERY PIECE OF PINE AND SPRUCE IS DRY, FREE OF DEFECTS, AND STRAIGHT GRAINED. 



2,700,000 Sq. Ft.) BIRCH PLYWOOD VENEER 



THICKNESSES— 1-8 in., 5-32 in., 13-64 in., 15-64 in., 5-16 in. and 25-64 in. WIDTHS AND LENGTHS— 36x48 in. and 



48x60 in. 

 EVERY PIECE OF PLYWOOD IS DRY, FREE OF DEFECTS, PLANED AND WATERPROOF. 

 EVERY THICKNESS, WIDTH AND LENGTH IS SEPARATELY CRATED AND STRAPPED. 



FIVE CARLOADS OR MORE OF SPRUCE OR PINE WILL BE SOLD WHERE STORED. 



ONE CARLOAD OR MORE OF PLYWOOD WILL BE SOLD WHERE STORED. 



ALL THIS MATERIAL HAS PASSED RIGID INSPECTION BY U. S. GOVERNMENT OFFICERS. 



SPRUCE AND PINE ARE IN STORE AT PORT ARTH UR AND HOUSTON, TEXAS. PLYWOOD IS IN STORE 

 AT NEW YORK AND BALTIMORE. 



Terms: Certified Check or Sight Draft with B/L when loaded. Buyers shall pay loading charges. 



Address all communications to 



ITALIAN MILITARY MISSION 



Holland House, 5th Ave. & 30th St. 



Telephone Madison Square 2993 



New York City, N. Y. 



Cable Address Italyarm 



Big Corporation for West Virginia 



.\ rhiirter has been issunl tcj the IIulk\v Coal & Timber Company, Palmer, 

 W. Va.. with a capital stock of $1,500,000. The company will have its 

 chief works on Laurel Creek, Braxton county, and will do a general busi- 

 ness In timber, coal and dye-stuffs and all by-products derived from the 

 natural resources of West Virginia. The incorporators are Dr. Carper E. 

 Schmltz, Peter Mueller, William Muth, Charles Ihrig and Alphonso 

 Schmitz, all of Cleveland, O. 



The Holley Coal and Timber Company is one of the largest corporations 

 to be granted a certificate of incoriinration in West Virginia in some 

 time. It is the plan of the company to open up the vast resources of the 

 state along the Coal & Coke railroad. 



Hollowell Back in Chicago 



Robert E. Hollowell, who several years ago was associated with the 

 Mitchell interests at Kacine, Wis., as lumber buyer, and more recently 

 was one of the principals in the Eel River Lumber Company, an In4iana 

 corporation, has returned from two years service in France. He seemed 

 to be enjoying himself immensely with his old cronies during the National 

 Hardwood Lumber Association convention last week. 



Mr. Hollowell is a well-known lumberman and is well liked personally. 

 He announces no definite connection or arrangements for the future, and 

 just now can be reached at 20 East Madi.son street, Chicago. 

 John E. Hintz Located in Chicago 



John E. Ilintz of Texas, who was formerly connected with the Southern 

 Pine Lumber Company of Texarkana, recently left the government service 

 and is now back with his old company, representing it in Chicago. Mr. 

 Hlntz opened up offices a short time ago at 1123-25 Conway building. 

 The company manufactures band sawn southern hardwoods and yellow 

 pine. 



Mr. Hlnta was located at Vancouver, Wash., for six months and was in 

 the production end of the air service. He served with the commission of 

 captain up to .Tanuary of this year. 



Lumbermens Mutual Makes Good Record 



In his annual report James S. Kemper, vice-presi(b-nl and manager of 

 the Lumbermen's Mutual Casualty Company, Chicago, tells of the re- 

 markable growth of that organization which was founded in 1912 follow- 

 ing the enactment of the Illinois Workmen's Compensation Law. 



The business of the company was extended to cover Indiana, Michigan, 

 IVnnsylvanla, Wisconsin and Minnesota as those states pas.^ed similar 

 leguslatlon. Recently at the request of a number of Tennessee lumbermen 

 the company entered that state and is now prepared to take care of the 

 workmen's compensation and liability throughout Tennessee. Offices will 

 ue installed at Memphis and Nashville. 



Mr. Kemper states that the company spends a larger proportion of its 

 income for inspection and accident prevention than any other casualty 

 company operating in this country. According to Mr. Kemper the result 

 was shown in the extremely low loss ratio and in the substantial savings 

 made to members. The savings averaged 40 per cent of the stock company 

 costs since the organization. 



Reserves are maintained on the Massachusetts standard which it is 

 stated is the highest in effect in this country. In addition a contingency 

 reserve has been set up as a further protection to policyholders, and the 

 entire loss reserve is invested in government bonds. The company's busi- 

 ness has been confined entirely to the lumber industry, in spite of which 

 the premium income has increased from $29,000 in 1912 to $446,000 in 

 1018. This sum will be over $700,000 in 1919. In the same length of 

 time the company's cash assets have increased from $30,000 to $400,000 

 and the number of policyholders from 49 to 2,500. 



Mr. Kemper states that after making an average saving of 40 per cent 

 to the policyholders, the company still has a surplus and undivided profits 

 which in proportion to its liabilities is greater than that of any other 

 casualty company operating in Illinois. 



Bonita Lumber Company Incorporated 



The Bonita Lumber Company has been incorporated under the laws of 

 Ijouisiana, with a paid-in capital stock of $200,000, according to F. E. 

 Stonebraker, a former Memphian, who has been elected president of that 

 Arm. Headquarters of the company are at Bonita, La., and the other in- 

 corporators, besides Mr. Stonebraker, are : Nelson H. Walcott, Charles 

 R. Palmer and H. F. Madison, all of Providence, R. I. Other officers are: 

 C. L. Walcott, Crittenden, Ark., vice-president ; Leland Thornton, Provi- 

 dence, R. I., treasurer, and T. A. Ware, Crittenden, Ark., secretary. This 

 company recently purchased 12,000 acres of hardwood timber five miles 

 cast of Bonita in the alluvial region of the Boeuf river and it has a mill 

 site of 120 acres on the Iron Mountain at Bonita. The timber is largely 

 oak, ash, cypress and gum, with a fair sprinkling of other hardwoods. 



The company is already beginning the construction of five miles of 

 standard railroad from Bonita to the timber and will shortly begin erec- 

 tion of the necessary houses for employes as well as the buildings for 

 the mill proper. It is planned to have the plant in readiness for opera- 

 tion within the next six months, or by January 1, 1920. 



The formation of this new company is largely the result of the cutting 

 out of the timlier owned by the Crittenden Lumber Company at Earle, 

 Crittenden county, Ark. The purchase of the hardwood timber lands at 

 Bonita was made some months ago in order to insure continuation of 

 operations of the gentlemen interested in the Crittenden Lumber Com- 

 pany. They are, for the most part, the owners of the Bonita Lumber 

 Company. 



