BOND CIRCULARS 417 



holdings of redwood timber surrounding this tract are 

 held at $3.00 per thousand feet and higher. 



The commercial supply of redwood is practically lim- 

 ited to three counties in California, forming a small strip 

 of territory close to the coast north of San Francisco. 

 The entire stand is estimated at less than one hundred 

 billion feet. It is the oldest type of forest growth found 

 in the United States. Redwood timber is practically all 

 in the hands of a few strong holding companies and owner- 

 ship seldom changes hands. 



OFFICERS. 



R. T. Buzard, President, was for many years a suc- 

 cessful lumberman in Pennsylvania, where he was a large 

 stockholder and manager of the Salmon Creek Lumber 

 Company and the Pennsylvania Lumber Company, known 

 as the Collins properties, in the vicinity of Tionesta and 

 Sheffield. Pennsylvania. Mr. Buzard is the principal stock- 

 holder in a southern lumber company operating in yellow 

 pine timber at Lamison, Alabama. He is also a large 

 stockholder in the Lagoon Lumber Company, which owns 

 about four billion feet of redwood, and a large stockholder 

 and general manager of the Cottoneva Lumber Company 

 (formerly known as New York & Pennsylvania Redwood 

 Company), which company owns about two billion feet of 

 redwood timber and operates a saw mill. 



E. S. Collins, Vice-President, was formerly a Pennsyl- 

 vania lumberman and associated with his father. Mr. T. D. 

 Collins, of Nebraska, Pa., one of the wealthiest and most 

 successful lumbermen in Pennsylvania, who has for many 

 years and is at the present time operating six saw mills 

 in Western Pennsylvania. Mr. Collins is president and 

 general manager of the Ostrander Railway & Timber Com- 

 pany, of Ostrander, Wash.; president and general man- 

 ager of the Castle Rock Timber Company, of Castle Rock, 

 Wash.; vice-president of and large stockholder in the 

 Curtis, Collins & Holbrook Company, of California, owning 

 two and one-half billion feet of sugar and white pine 

 timber; vice-president and stockholder in the Pennsylvania 

 Lumber Company and principal owner of a large retail 

 lumber concern at Oakland, Cal. Mr. Collins is also a 

 large owner of timber lands in Oregon and is one of the 

 prominent lumbermen of the Northwest. 



G. E. Tuman, Secretary and Treasurer, is director and 

 stockholder in the Curtis, Collins & Holbrook Company; 

 stockholder in the Wheeler Timber Company, Nelson Lum- 

 ber Company, Cottoneva Lumber Company and the Big 

 Lagoon Lumber Company, and is recognized as one of the 



