Rolando Lumber Co.. Inc.

Colorado Meeting

(Continued from page 28) must impart confidence to the prospective customer.

Luncheon speaker next day was Forbes Mogozine editor-in-chief Malcolm Forbes, Sr., who had a cautiously upbeat view of the economy. "Interest rates will decline surprisingly fast, things will be looking up."

He forecast a prime rate of l59o by mid-December saying that the lower rates will induce greater buying which in turn will return inflation as a major concern in 1982.

Douglas E. Ashy of Lafayette, Louisiana, was elected president during the annual convention.

President of Doug Ashy Building Materials, the new chief elected officer of NLBMDA succeeds James R. Magbee, president of Magbee Brothers Lumber and Supply Co., Scottdale, Ga. Magbee became chairman of the board of the association which represents some 15,000 lumber and building material retailers through 25 federated state and regional associations.

Other officers elected were: first v.p., P.B. Howe, Carver Lumber Co., Peoria, Il.; second v.F., William R. Morrow, Morrow & Sons, Inc., Lawson, Mo.; treasurer, Dean K. Leaman, Home Building and Lumber Co., Rosenberg, Tx.; secretary and executive v.p., John M. Martin, Washington, D.C.

Five regional vp.s elected were: Howard Guss, Garfield Mill Inc., Jersey City, N.J.; Ralph Norman, Slagle-Johnson Lumber, Inc., Monroe, La.; Patrick McCormick, McCormick Lumber & Fuel Co., Madison, Wi.; Gerald Jewett, Jewett Lumber Co., Des Moines, Ia.; and Keith M. Ker, Max Ker & Son Lumber Co., Idaho Falls, Id.

A highlight of the convention was the announcement by NLBMDA that the organization would move into new quarters on Capitol Hill in a building purchased by the association two blocks from the Nation's Capitol.

In assuming the top elected position, President Ashy stated that this Association and its Federated organizations provide the coalition necessary to assure that the country's building material retailers have their positions heard in Congress and with the Administration.

(Continued from page 16) federal government has disproportionately increased its credit share during the 70s.

We also support the other elements of the Reagan program: tax reductions to spur investment, restraint on the money supply and reduced federal regulation.

At Simpson, the current downturn has been the most severe since the Great Depression. We have met this challenge by slashing costs wherever possible. Although our lumber, plywood and door plants have taken some down time, we have fared better than many of our competitors in our efforts to keep our people working. This is the result of past capital investments that have made our plants modern and efficient.

We also have maintained those programs that are essential to our long term future. We are confident that better days are ahead and we'll be ready to provide our customers with the high quality products and service that have been a Simpson trademark for over 90 vears.