One Dishonest Employee ! . ,

No employer likes to question the integrity and honesty of his employees. But in recent years company chief executives have become increasingly concerned over the financial security of their organization, as white collar crimes become a social phenomenon of the 1970s.

Some companies have lost millions of dollars and other valuable property, like negotiable stocks and bonds, as a result of theft by dishonest employees. Such losses have put a number of businesses on the fringe of bankruptcy and have, in some cases, forced others to close up shop altogether.

Statistics from the U.S. Chamber of Commerce point out that: r Fraud was a major contributing factor in the forced closing of about 100 banks during a 20year period.

IThe yearly cost of embezzlement and pilferage reportedly exceeds by several billion dollars the losses sustained throughout the nation from burglary and robbery.

I An insurance company report shows at least 309o of all business failures each year are the result of employee dishonesty.

I Internal dishonesty, in addition to adversely affecting profits, may result in costs associated with the loss of one or more trained employees; the training of replacements; higher insurance rates and/or deductibles; reconstruction of destroyed, stolen or altered records. etc.

In addition, the Chamber puts the "ball-park" figure for the short-term and direct dollar loss from white-collar offenses "at not less than 940 billion annually," excluding the costs of illegal price- fixing and industrial espionage.

Yet many businesses still lack adequate protection against such employees. They have failed to take out dishonesty insurance, which comes in the form of fidelity bonds and is probably the most neglected form of business insurance coverage today, according to the Insurance Information Institute.

Dishonesty insurance comes in two forms: a fidelity bond which covers specific individuals in a business organization and usually carries an overall limit for loss caused by any one employee or a group of employees; the other form covers all employees and is called "blanket" protection. This form sets a limit of coverage for each employee.

The thought of needing such coverage is not pleasant, but one dishonest employee can make a difference in the financial stability and success of any business organization.

Logging, Lumbering, Foreetry & Paper Museums

For those of you who enjoy a "busman's holiday" we are presenting here a list of logging, lumbering, forestry and paper museums in the West that was furnished us through the kindness of the Forest History Society, Inc., Santa Cruz, Ca. As FI{S suspects the list is not complete, we would appreciate being aduised of any other museums in our 13 Western state circulation area that are not among the following.-ed.

Museum of North Idaho

Carl G. Krueger, President

P. O. Box 812 Coeur D'Alene, Id. 83814

Collier State Park Logging Museum

P. O. Box 428

Klamath Falls, Or. 97601

Western Forestry Center

4033 Southwest Canyon Road

Portfand, Or.9'1221

Lane County Pioneer Museum

740 West l3th Avenue

Eugene, Or 97402

Camp Six Point Defiance Park Tacoma, Wa. 98407

Lincoln County Historical Museum

579 S. W. 9th Street

Newport, Or.97365

Georgia-Pacific Historical Museum* 900 S. W. Fifth Ave. Portland, Or.97204

Fort Humboldt Logging Museum 3431 Fort St. Eureka, Ca. 95501

The Pacific Lumber Co. Museum Scotia. Ca. 95565

Link & Pin Logging & Sayward, Vancouver Island, B. Canada

Pioneer Museunr C.

*Note: Georsia-Pacific now owns the Redwood Museum at 80 Redwood Ave. Fort Bragg, Ca.95437

Housing may be a basket case, but add-on rooms and the home improvement business is booming total home improvement business is expected to be up $6 billion to $26 billion (that's with a B) and home remodeling is up 30-35Vo over '73 .... shortages are a problem as are rising prices, but, so far, the consumer is pay- ing....

Owens Corning Fiberglas is going on tv after Labor Day to tell viewers in 45 major US markets about the benefits of insulation impetus in home fix-up is seen due to higher prices for new homes. tight $$ and high gasoline prices that keep people at home .. ..

Georgia-Pacific is currently negotiating to purchase the Fred C. Holmes Lumber Co., Ft. Bragg, Ca., including M&J Lumber Co., Myers Flat, Ca. and Redwood Coast Lumber Co., Ukiah, according to R.B. Pamplin, G-P pres. & chairman. no financial details yet; Fred Holmes is already gen. mgr. of G-P's N. California div., hq: Ft. Bragg....

The Federal Trade Commission has ok'd a settlement ordering 25 major firms to stop advertising as "noncombustible" certain combustible plastics used widely as bldg. insulation and in home-furnishing products nixing of the cellular or foamed polyurethanes and polystyrene plastics could have a big impact on bldg. codes ....

Arcata National Corp. (Arcata Redwood's parent) is entitled to ano{her $38.9 nillion compensation from the feds for loss-of their lands to the redwood national park according to Federal Claims Court Judge Lvdon: decision is not final. both sihes may still appeal

Bel-Air Door Co., Alhambra, Ca., reports its Korean door factory has merged in a large lumber, log and milling company into its operations; Bel-Air president Sam Fineman was feted by local big wigs, including the gov. of Ansong Province, to celebrate the business event, it also received wide press coverage

Lou isia n a- Pa c ifi c has acquired 2 mills, a moulding and a jamb plant, kiln and storage facilities plus timber rights from Commander Industries, Red Bluff, Ca., for an undisclosed price

. Wickes subsidiary OregonPacific Industries dropped $1.3 million recently in lumber/ply- wood hedging activities; O-P pres. Daryl Robinson and Harold Murphy have departed the company and Wickes pres. E.L. McNeely said "stepsoo have been taken to prevent future losses....

Anderson Lumber Co., Ogden, Ut., has purchased MJtual Builders for an undisclosed price Ellision Industries, Washougal, Wa., is now owned by AT Industries, Portland; no $S figs. given .. . Handyman has purchased land in San Pablo, Ca., for a new facility ....

Duo-Fast California has moved to bigger quirters in Foster City, John Natali is the mgr Johnson Lumber Co. is succeeding the old Citizens Lumber, Kingsburg, Ca., Lashley Lumber Co. has moved from Marina Del Rey to Venice, Ca., (must be all those nude sunbathers that precipitated the move)

Palmer Lumber Co.. Chehalis. Wa., has completed the lst of several planned new bldgs., a retail store plus office .... L&L Building Supply has opened a new cash & carrv store. Woodburn, Or. Cashway Building Materials plans an Oct. openin! for their nlw Salt Lake Citystore....