50 



of t' 



HARDWOOD R H C O K D 



JiDuarj' •a, lUKl 



Miss Hazel Marion Wiehe 



iiKl Til urn- 



!l-i 



Ml^v V\lrtir MNN rOutNt(-U at tlir hairc*: 



III., autl Kljr i'ourl, ('■iiil>rl<ls<'. <°i<iiii s 



Will EnlarRC Plant 



W. II l««lin»>r formrrl^ n.ii; r •■' ii>- n.iw.-ul MAniirnt-lurlnK <"iii 



. r i>f tin- Kiiipv 



llii' pljiiil III' 



'!• fiirniturr iiiiil 



I't tiik<* iiirf iif 



; ; «-■ „ , - 'ilHi» III III'- I'Tm 



UDrtloo of xvurrn at rotary poplar, fleunil gnm, ami nllnHl wnlnn' 



E. L. Bruce Company Succeeds Kansas City Flooring Company 



Tb.- K. 



Ilni 



i>iiii>an> <>r 



K. U Bruco; vl 

 K. E. Bruct : ni 

 offlccn* aNo coiiijk>i„ 

 of tliv entire Ivsue ol 

 There will lM> no cl 

 tiniie the Minie llu>' 

 Th.- ■ 

 bAK 



l.lltli- It," k. wlilili »n~ liiiiiriHiriil.il iiiuliT 



■ ■ ■' ■ th, hiiH siircii-ilril till* 



Tlio new CCI11II1I1I1.V, 



(ulluwInR : i'renldi'nt, 



■ HriHv : irriiKiirer, f. A. Bruce; Bccretnry, 



■ tary, K. I., llruco, Jr, The above named 



■ \'» board of director*, and are the owners 

 k. 



v . Iiut the new conipnny will con- 



UII1 done by the old compnny. 



:i' II ni:i>iii\ by the fni't thiit the compiiuy 



V oUIci', and no lon);i.-r has any oouueellnn 



«ii' .suuld Indicate. The main oOlcc of tbe new 



mnlntalne<l Id Little liock, at which place the old company 

 ri ofllce for several years. 

 The old i-uiupany wan lncor|>urute<l under the laws of the state of KansoH 

 while the new corporation baa It* nrlgln and existence In this state. 



Receivers to Hold 



That the buslncso of tbe I'iiIih' l.iiJiiliir •'nriiiiiiny of Uiibkoiih, VVIfi., will 

 be continued ax a going concern under tbe charge and supervision of the 

 recelvem was determined by an onler to that effect Issued by tbe circuit 

 court, January 22. Tbe operation of the business and the work of the 

 receivers l« not limited to any set time, hut until further order of the 

 court. 



Thl-s order wan made following the presentation to the court of a 

 report from the receivers which summarized all they bad done up to 

 December 31 and n statement showing the exact llnancial condition of 

 affairs on that date. The receivers reported that in their opinion It was 

 desirable and necessary, and for tbe beneUt of all concerned, that tbe 

 bosinexs of tbe company be continued and tbat It might become necessary 

 In that event to borrow money. They petitioned tbe court for nn order 

 to continue the business and for authority to Lssuc receivers" certiflcatcs 

 to an amount not exceeding JIOO.OOO. The court granted the petition. 



Some interesting facts were disclosed In tbe receivers' report. It was 

 stated that on .\prll 12, lOl.'t, tbe receivers found on tbe books of the 

 company unDlled orders for Its product airmuntlng to $lT.'>,i>00, tbat tbe 

 amount of unfilled orders In the Interval to December :il has varied and 

 that on that date It was approximately f2UO,000, about double the amount 

 tbat was usually on hand at that time of year the last three years. 



When the receivers took possession of the property there was on hand 

 $8,721.12, while December 31. 181,'i, the cash on hand amounted to 

 tH4,ti56.8o. They were authorized to borrow ?lflO,000 on recclver.s' cer- 

 tificates. They did borrow |i7,000 on such certificates and all of this 

 was paid on or prior to the maturity of the certificates. They also paid 

 $13,081.40 of tbe unpaid taxes of lOH. 



On December 31, the report stiitid, the books and records in the bands 

 iif tbe receivers showed accounts and bills receivable of approximately 

 $602,383.06, practically all of which are. In tbe opinion of the 

 receivers, good and collectable. It was also stated that tbe recelverv 

 pipect to soon get approximately $772,000 as tbe result or\bc authorlzeil 

 sole of 52,000 acres of tlmberlond in I^anglade county. 



It was further stated that an audit disclosed that tbe operations of the 

 receivers from April 3 to Decemlier 31 resulted In ii profit of $144,140.34. 

 after reserving an adequate sum for payment of the 191.1 taxes and after 

 payment of substantial sums upon the receivership expenses. 



One of the most vital statements in tbe report was that the receivers 

 expect to submit to the court at an early date the advisability of paylnj: 

 fifty percent upon the liquidated claims as they may be allowed against 

 the company as of April 2, 1015. Mr. Quarles Intimated that application 

 for authority to pay this amount of indebtedness would be asked for 

 within a few days. 



According to the itemized financial statement, prepared by a firm of 

 certified accountants, which accompanied the report and a copy of which 

 was sent to each creditor with a notice of the proceedings to bo held 

 Saturday, tbe as.sets of the company December 31, 19iri, amounted to 

 $3,950..S94.06, while the liabilities oil tbe same date amounted to but 

 $1,206,981.55. On .\prll 2, when the receivers were appointed, the assets 

 were $4,396,974.52 and the liabilities were $1,215,802.03. 



There was no objection made to the report or to the petition asking 



CINCINNATI 



Hardwood Manufacturers and Jobbers 



OHIO VENi;i;k COMPANY 

 Manufacturers & Importers lOKEIGN VENEERS 



tSM-S« rOI.KKAIN AVK.M'R 



C. CRANE & COMPANY 



Mainufacturera of KUrciwoocl Lumber, 0«k & TopUr ••peci&Uy 



Our l*rBtloo DUtk^d ii**iillilf> qntrk drlUfry of Knjtbloc In timbers 

 and ImrduiHMl Itiriihrr 



DAY LUMBER & COAL CO. 

 Manufacturers YELLOW POPLAR and WHITE OAK 



(iKNKRAI. OKKICK — JACKHON. KY. 



for authority to continue the business under tbe manngeiiient of tbe 

 receivers and to borrow money. If necessary, to the anioum ■•' imi .•». .■. .iinn 

 $190,000 on receivers' certiflcatcs. 



Interesting Order for Dry Kiln Door Carrier 



The Dry Kiln Hinir I'lirrli-r i'iiiii|iiiny ba,. Iniii iiiiiratiiix at ludlanupollH, 

 Ind., for a number of years and Its product lias really reached such a 

 point of popularity that it is now s| Ifled by leading dry kiln manufac- 

 turers us standard (.Hjulpment for all miMlern dry kilns. A representative 

 of IlAKDWixiii llRcoim was recently in tbe olUce of tbe company at Indian 

 apolls, and wiis shown a telegram ^vlilch closi.'s up a sale for a considerable 

 number of these appliances, wblrli will go all the way to the Orient, they 

 having been purchased by a ,1apu[iese linn. 



Mr. Shattuck, who manages Tbe Dry Kiln Door Carrier Company, 

 states that a remarkable Increase in business activity Is clearly reflected 

 In the accumulation of orders for the carriers which are coming into the 

 otBcc constantly. These orders are not alone for new kilns, but are 

 coming from all over the country for carriers to be applied to kilns 

 already In use, which are being Improved to take care of Increasing 

 demands upon tbem. 



It Is a remarkably effective contrivance, which successfully overcomes 

 most of tbe dry kiln door troubles. The main advantage claimed is 

 reducing to a vanishing point tbe loss of beat due to loose. Imperfectly 

 regulat<Ml doors. 



The three mechanical principles of the carrier are tbat : 



1. One track of railroad rail at each end of tbe battery of kilns carries 

 all the doors in turn when open. 



2. That one corrler rolling free <m this track from end to end opens 

 and closes all these doors In turn. 



3. Tbat tbe doors when seated are not on the track, but arc forced tight 

 and held tight at all Joints by their own weight, acting on 4.'> degree 

 Inclined joint. 



I'KRFECTED CAURIKR .NO. 1. KKADY KOU LIFTI.NG. 



All Three of Us Will Be Benefited if You Mention HARDWOOD RECOIU) 



