T\TENTY.FIVE YEARS AGO

As reported in The California Lumber 15, 1924

The Lumbermen's Club of reported to be in excellent and dent H. S. Corbett.

Merchant July TODAY

Arizona, organized in flourishing condition 1908, is by Presition total slightly less than 4 per cent of the entire national Iumber cut.

One day recently Frank L. Fox of the Fox Woodson Lumber Company, escorted the entire membership of the Glendale Chamber of Commerce through its Glendale plant and yard.

The I-os Angeles County branch of the Millwork of California has moved into enlarged offices. The door division is headed by H. T. Didesch, and the division by L. E. Gates.

Chas. R. McCormick & Company was Hoo party in Los Angeles on June 26th, sham presiding.

Institute

Sash And Millwork

A special article by Miss Alberta Ruth Brey, of Porterville, California, sings the glory of modern merchandising for lumber stores, and praises the use of display rooms for building materials.

A history of the Southern California Retail Lumbermen's Association appears in this issue, written by Henry Riddiford, of Los Angeles.

Figures show that Ponderosa Pine and Sugar Pine produc- host at a big Hoowith W. B. Wicker-

The San Francisco Hardwood Club, of which C. H. White is president, meets every two weeks at luncheon at the San Francisco Commercial Club.

At the June meeting of the San Francisco Hoo-Hoo Club held in the Palace Hotel, Homer Maris was chairman of the day and C. H. White the principal speaker.

The Lumber Salesmen's Club, of San Francisco, meets every Monday at lunch in the Palace Hotel. Charles M. Moody is president. The Club holds occasional night meetings with the ladies in attendance.

This issue contains a very interesting article on Sugar pine rvritten by Henry Swafford of Los Angeles.

Los Angeles Speaker Urges Retirrn To Gold Standard

Congressional authorization of the sale and purchase of gold by private parties in a free open market followed by return to a true gold standard was urged in Los Angeles recently by Economist Joseph S. Lawrence, vice-president of the Empire Trust Co., New York.

At a meeting of the Mining Committee of the Los Angeles Chamber of Commerce, Lawrence described the virtues of gold as an "eminently satisfactory" medium of exchange, an honest measure of value, a "safe haven" for the thrifty, a refuge for capital in disturbing periods, and a check upon "wilful and dishonest" finance ministers.

"If these virtues do not stand forth clearly today, it is not the fault of gold," he declared.

Today gold "stands as an impediment to the onwarrl rush of totalitarianism," he added. "It cramps the style and limits the ambitions of socialist schemers and softboiled dogooders."

Answering the charge that gold is not necessary for a sound currency, Lawrence said, "We have yet to see a single instance of successful fiat money management."

The economist named these functions which gold has ro perform in the postwar world : anchoring confidence in the currency, limiting deficit financing and removing from the treasury the "seductive lure" of added debt as a substitute for taxes;

Acting as a common demoninator for translating one currency into another, and affording the common citizen an opportunity to record his distrust of the government b1' permitting him to translate paper money into gold.

Ernie Bccon Hecrds Dubs, Ltd,

Ernie Bacon, manager of Fir-Tex of No. California, San Francisco. was elected president of Dubs, Ltd. at the annual meeting and golf tournament, held at Lakeside Country Club, San Francisco June 17. A. D. (Art) Evans of A. D. Evans & Co., San Francisco, was elected vice president, Lionel Stott, Western Pine Supply Co., San Francisco, was elected secretary, an.d Leo Cheim, Cheim Lumber Co., San Jose was named treasurer. Bob Hogan, Hogan Lumber Co., Oakland, and Chet Johnson, Hubbard & Johnson, Los Gatos, are the new sergeants-at-arms.

Speciatizing In

CATIFORNIA SOFTWOODS

DOMESTIC AND IMPORTED HARDWOODS

DIRECT CARTOAD SHIPMENTS

TROPTCAl & WESTERlI lUTBER COMPAilY

4334 EXCHANGE AVE. (VERNON) tos ANGEIES 1I toGAN 8-2375

Al Nolan, The Pacific Lumber Company, San Francisco, rvas chairman of the day.

Golf tournament winners were: Low gross' Del Travis, San Jose, 78; Low net, Ev Lewis, Oakland, 68. 2nd Low net, Brian Bonnington and Tom Jacobsen tied with 69; 3rd Low net, C. Needham, T0; 4th, Fred Ziese and Bob Bonner tied wtth 72; 5th, Lloyd Swiger, Harry Hood, and Elie Destruel tied with 73. Norm Cords took the high gross prize with 116.

Guest prizes were taken by Ralph Stone, who carded 78 in the low gross; Roy Mattock won low net with 71, and Don Cathcart took high gross with 117.

The next Dubs, Ltd. tournament will be at Meadow Club, Fairfax, Marin County. Frank Boileau r''i'ill be chairman of the day.