May 23, 1922 



HARDWOOD RECORD 



33 



of Memphis, vice-president of the first named organization. 



The Securities Cooperage Company is a holding company pure and 

 simple. It is capitalized at $10,000,000 and is incorporated under the 

 laws of Delaware. Other member companies are ; Ozark Cooperage & 

 Lumber Company, St. Louis : Sandusky Cooperage Company, Sandusky. 

 O. ; J. D. HoUingshead Company, Chicago. 



Member companies have the privilege of exchanging their stock for 

 stock in the holding company. The member companies, however, conduct 

 their business separately. The consolidation thus effected is, in sub- 

 stance, virtually identical with that of the United States Steel Corpora- 

 tion. 



The affairs of the holding company are administered by four trustees, 

 composed of one representative from each member company, as follows : 

 F. S. Chariot, Ozark Cooperage & Lumber Company. St. Louis : H. G. 

 Herget, Pekin Cooperage Company. New York ; L. C. HoUingshead, J. D. 

 HoUingshead Company, Chicago ; and H. R. Huntington, Sandusky Coop- 

 erage & Lumber Company, Sandusky, O. 



George H. Chapman, Prominent Lumberman, Dies 



One of the best known men in the northern hardwood lumber industry. 

 George H. Chapman, second vice-president and general manager of the 

 Northwestern Lumber Co., of Stanley, Wis., died at a hospital in Eau 

 Claire on May 9, following an operation for appendicitis. For over two 

 decades Mr. Chapman had been active in the management of the North- 

 western Lumber Co., and contributed largely to the development of that 

 company, which for a long time was among the biggest lumber organiza- 

 tions in Wisconsin. Mr. Chapman took a prominent part in association 

 affairs, being especially prominent in grading rules work. For several 

 years he was a member of the inspection rules committee of the National 

 Hardwood Lumber Association, and for years had been chairman of the 

 Bureau of Grades of the Northern Hemlock and Hardwood Manufacturers' 

 Association. He was president of the Northern Hemlock and Hardwood 

 Manufacturers' Association in 1907 and secretary of the Hardwood Lumber 

 Manufacturers' Association of Wisconsin for a time. 



Big Car Order Placed in Memphis 



The American Car & Foundry Company, at Memphis, will build 1,500 

 to 2,000 cars for the Southern Railway, according to announcement by 

 C. A. Price, resident manager. Work thereon will begin in about 60 

 days and will be completed in two months thereafter. In the meantime, 

 this plant is working at full capacity and is giving employment to 1,100 

 to 1,200 men. It is enjoying greater activity than for several years. It 

 is building 100 cars for the Mobile, Gulf & Northern Railroad, and it is 

 also doing a great deal of repair work for the Alabama & Vicksburg and 

 the Vicksburg, Shreveport & Pacific roads. 



Lamb-Fish Companies in Hands of Receivers 



The Lamb-Fish companies at Charleston. Miss., the one controlling the 

 vast timber land in the vicinity of Charleston. Miss., and that operating 

 the band mill and other woodworking enterprises at that point, are in 

 the hands of a receiver, according to information received in Memphis 

 within the past few days. This is the result of a suit brought against 

 the Lamb Fish interests by W. B. Burke, former vice-president and gen- 

 eral manager of the Lamb-Fish Hardwood Company, and of inability on the 

 part of these interests to raise sufficient money with which to pay their 

 current taxes. 



There was formerly a single corporation — the LAib-Fish Lumber Com- 

 pany — at Charleston, serving as both the timber-owning and lumber manu- 

 facturing units of the enterprise. During the depression following the 

 tremendous break in lumber values in 1920, two separate corporations 

 were created, one to control the timber holdings and the other to conduct 

 the hardwood manufacturing operations. William Wilms, of Chicago, 

 was made president of the latter in the interest of Chicago bankers. 



It is stated that the companies are solvent and that, if they are forced 

 through liquidation, there will be at least $1,500,000 tor distribution 

 among the stockholders. 



Moved to Corry, Pennsylvania 



The general offices of Haniel Clark & Son, Inc., have been moved from 

 Union City to Corry, Pa. The extensive expansion of the business made 

 it necessary for the company to locate its general ofBce force where it 

 would be in closer touch with its operating force at the company's con- 

 centration yard, planing mill, dry kilns and flooring plant at Corry. 



One Blower Company Absorbs Another 



The International Blower Company. Inc. of Hartford. Conn., has pur- 

 chased the entire business of the Connecticut Blower Company, also 

 of Hartford, including the machinery, tools, stock, equipment, etc., and 

 have removed these purchases to the International Blower Company's 

 factory. 



Carrier Suffers Broken Arm 



R. M. Carrier, president of the American Hardwood Manufacturers' 

 .\s80ciation and head of the Carrier Lumber & Manufacturing Company, 

 Sardis, Miss., is suffering from a broken arm. The injury was sustained 

 some days ago. when a motor car on which he was riding ran off a 

 trestle on the Sardis & Delta Railroad. M. B. Cooper and the general 

 manager of the road were fellow passengers, but both escaped unhurt. 



This is the second accident sustained by Mr. Carrier within less than 

 a year. He had his hand cut by a saw some months ago and he was laid 

 up for quite a while because of infection of the wound. 



Trust Company Buys Dix Outfit 



The Dix Lumber Company of Terre Haute. Ind., which passed into the 

 hands of a receiver several months ago, has been sold to the Terre Haute 

 Trust Company for $21,150. The trust company was one of the largest 

 creditors of the defunct company and the sale is said to have been made 

 to protect its interests. All tangible property is now out of the hands 

 iif the receiver, as the holdings, with the exception of stock, were included 

 in the sale. Included in the purchase are the buildings and machinery 

 and a large tract of timber land in Martin county, Indiana, which was 

 used as a source of supply when the mill was in operation. 



Rates. Reduced from Louisville 



J. S. Thompson, manager of the Louisville division. Southern Hardwood 

 Traffic Association, reports that the Louisville & Nashville, C, N. O. & 

 T. P., C, C. & O. and Tennessee Central railroads have agreed to publish 

 through rates on lumber originating on their lines and moving to C. F. A. 

 and Buffalo and Pittsburgh territory on basis of rates in effect prior to 

 advance of August 26, 1920, plus advance prescribed by the Interstate 

 Commerce Commission in Docket 12995, filed by the Southern Hardwood 

 Traffic Association. 



This will result in a net reduction of two to four cents a hundred pounds 

 in lumber and will be of considerable benefit to the milling-in-transit 

 shippers at Louisville in rehandling. Tariffs are now being published and 

 rates will go into effect in about sixty days. 



Christian Loetscher Ends Long Career of Success 



The death of Christian Loetscher. president of the Farley & Loetscher 

 Manufacturing Company, Dubuque, Iowa, at the age of 72. on Wednesday, 

 May 10, closed a career of unusual success and usefulness, accomplished 

 through thrift, industry, courageous self-confidence and a real ability. 

 Mr. Loetscher is another of those sturdy lads of the Old World who found 

 the old civilization cramping to his ambitions and ventured out to make 

 his way in America. He was bom in Switzerland and came to this coun- 

 try at the age of eighteen, having in the meantime served an apprentice- 

 ship in his father's carpenter shop, where he learned the trade of a cabinet 

 maker and wood turner. 



After landing in New York Mr. Loetscher traveled down the Atlantic 

 coast, crossed the Isthmus of Panama and made his way up the Pacific 

 coast to San Francisco, where he went to work at this trade. He pursued 

 this occupation at various points in California until he Iiecame foreman 

 of a small planing mill at Vallejo, Calif. In 1872 he gave up this job 

 to go to Dubuque to marry Miss Mary Loetscher, daughter o( Tobias 

 Loetscher, a resident of Dubuque. Miss Loetscher was from Switzerland 

 like himself, and the.v had been schoolmates in the hamlet of San Antonia, 

 Canton Graubunden. in the Swiss Alps. 



After marrying. Mr. Loetscher remained in Dubuque, where he went to 

 work at his trade. After a few .vears he went in business for himself, 

 and with others, about 1875, established and built up the great organiza- 

 tion of which he was so many years the head and directing genius. In 

 1875 the little plant out of which the present day Farley & Loetscher 

 Manufacturing Company grew employed ten men. Today this organiza- 

 tion employs nearly a thousand men and maintains fifteen salesmen on the 

 road. It is rated as one of the very largest sash and door and exclusive 

 millwork organizations in the entire country. 



Mr. Loetscher played a prominent part in the church and civic affairs 

 of Dubuque in addition to the devoted service he gave his business. He 

 established a family which is a tribute to the proud Swiss stock from 

 which he came. He is survived by his widow, Mrs. Mary Loetscher, and 

 five sons and three daughters ; also by twenty-four grandchildren. His 

 sons are John A. Loetscher, secretary and manager of the Farley & 

 Loetscher Manufacturing Company ; Dr. F. W. Loetscher. professor of 

 church history in Princeton Seminary ; and Emil C. Benjamin T. and 

 Arnold E. Loetscher, all of Dubuque and active in the business established 

 by their father. 



Dominion Company to Erect Implement Stock Plant 



The Massey-Harris Company of Canada is planning to erect a $250,000 

 plant at Pine Bluff. Ark., for the manufacture of Woodstock for farming 

 implements, according to a statement issued by Maj. J. A. Gill of that 

 firm, who has been spending some time recently in that city. This com- 

 pany owns enough timber in the territory tributary to Pine Bluff to last 

 it for 25 years. It is now having the necessary trackage built to the site 

 of the proposed plant, which has already been selected. The Massey- 

 Harris Company is to Canada what the International Harvester Com- 

 pany is to the United States. 



New Box Plant in Sight for Memphis 



The American Box Company is conducting negotiations in Memphis for 

 a six and one-half acre site for a plant to be used in the manufacture 

 of crates for the shipment overseas of automobiles. W. ii. Brocken- 

 brough, secretary-treasurer of the company, spent some time in Memphis 

 early in May in the interest of his firm. It is understood that if the site 

 is secured the company will build a plant costing from $30,000 to $75,000 

 and giving employment to 35 to 40 men. The crates will be shipped to 

 Detroit and other automobile centers in knocked down form. Low grade 

 lumber, which has been one of the most difficult items to handle success- 

 fully by southern interests, since the general advance in freight rates, will 

 be largely used. 



