JAMES L. ]|A[t C(|.

Judge Orders Firm's President Solory Gut

Federal Judge Gus J. Solomon ordered a $24,000 reduction in the salary of Columbia River Paper Co. President Nils G. Teren of Portland, and voided stock options and retirement plans for Mr. Teren and another officer.

The decision, involviug an estimated $2 million, was handed down in a stockholders suit brought by E. A. Howard of Oakland.

It charged the exercise of improp'er control by Mr. Teren, unauthorized salary increases, unauthorized stock options, and improper and excessive compensation.

Six defendants rvere named. In addition to Mr. Teren, the judge ruled against Donald C. Ellsworth, secretary of the firm.

Judge Solomon ordered NIr. Teren's salary cut from $96,000 to $72,000 retroactive to 1958. He ordered Mr. Teren and lVIr. Ellslvorth to give up stocks purchased under option three years ago a"t $725. Current price is $1765. Mr. Teren must give rrp 700 shares and Mr. Ellsworth 150.

Judge Solomon also 'r'oided deferred compensation p.lans that have netted Mr. Teren about $690.000 and I\,Ir. Ellsworth about $360,000 during their lives.

Two other officers named in the suit gave up their retirement plans after the action was filed.

Columbia River Paper Co. is about to be sold to Boise Cascade Corp. in a $60 million transaction.

Lumber Merchqndising Aid In Wide Demond

Nearly 20,000 copies of "Open House: Previewing Your New Home of Wood," a full-color merchandising aid published by the National Lumber Manufacturers Association only three months ago, have been distributed to the homebuying public, lumber dealers, builders, and other interested groups. More than half of this total distribution has been in response to specific paid requests.

\Atritten for the consulner, the booklet can be used most effectively by the l.rome salesman and as a mailing piece for prospective home owners.

The 28-page brochure provides mucl-r helpful, current information on house design, interior decorating, and the use of wood in residerrtial construction. Six house stylesranch, hillside, post-plank-and-beam, A-frame, modern, and traditional-are shown, complete with floor plans for each.

For tl.rose interested in interior designing and decorating rvith wood, lavish four-color photographs of living rooms, dining rooms, be<lroom, dens, kitchens, and family rooms fill ten full pages.

In addition to the specific categories mentioned, two pages of the booklet are devoted to general information on u'hy "Ouly Wood Is so Naturally Right for Home Construction." Covered here are such topics as wood's versatility, strength, economy of use, durability, and other