Georgio-Pocific Gets Vclst Hommond Lumber Co.

Georgia-Pacific Corporation announced that it had purchased October 22 all the assets of Hammond Lumber Company, a Delaware corporation with principal places of business in San Francisco and Samoa, California, and Chicago, Illinois, for a total consideration of approximately 75 million dollars. This follows the granting of .an option to Georgia-Pacific on these properties about five months ago, and is said to be the largest financial transaction ever recorded in the forest products industry in California.

The assets include in excess of 4 billion feet of old-growth standing timber, and the timberlands, predominantly California redwood, regarded in the trade as one of the finest stands in existence and believed to be more than l0% of all the commercial redwood. Also included in the purchase are approximately $27,300,000 in current assets, all plants, facilities and related equipment and inventories, along with 33 retail lumber yards and building supply stores and accompanying real estate located largely in the Los Angeles area. fn commenting, O. R. Cheatham, president of GeorgiaPacific, said that arrangements were being made to sell off some of these properties unrelated to the Hammond Redwood operations for about $10,000,000.

The principal Hammond timber holdings in Humboldt county, and main plants at Eureka and Samoa, California, are adjacent to the Georgia-Pacific major holdings to the north at Toledo and Coos Bay, Oregon. All are deep water ports and connected by rail, waterway and highway. In total, the purchase brings the Georgia-Pacific timber holdings in the area to more than 12 billion feet.

The Hammond operations and properties, it was said, will be integrated into Georgia-Pacific's diversified forest products operations.

Various improvements and incieases in utilization are being studied, including the ultimate utilization of the waste and salvage materials from the Hammond mills by the paper and chemical industries. Mr. Cheatham emphasized that it is anticipated that it will take until well into 1957 to complete this integration and before GeorgiaPacific begins to reap any.substantial benefits from the acquisition.

He said that Georgia-Pacific Corporation welcomes the addition of lfammond because redwood commands a more constant price, year in and year out, than almost any other wood, and redwood has a wider application of use than any other. "Combined with our reserves of other prime species, this new resource adds a depth and balance to GeorgiaPacific timber holdings that is expected to be reflected in annual yields and increasing values for the years ahead."

It was pointed out that within one year it is planned to increase the annual rate of harvesting the Hammond timber to approximately 150,000,000 ft. It is believed that the property has a current annual growth of about 100 million feet, but after more of the mature timber is harvested, giving the younger timber more growth potential, the annual growth should increase materially. The overall program will be pursued on a sustained yield basis.

Hammond Lumber Company is one of the largest and best known of the redwood companies. It was

WHO'S Got lr Bqd?

The "typical" retail lumber dealer realized a net profit of $3.47 before taxes on each $100 worth of lumberyard sales during 1955, Dun & Bradstreet showed in its latest cost-of-doing-business survey. P. S. : And lumber dealers who sold mainly to homeowners and farmers didn't do as well as those who sold to contractors and builders.

initially founded in 1903 and has a highly successful record. Its 1955 sales were about $48,000,000 and its net profit after taxes was in excess of $3,500,000.

In announcing the purchase, Georgia-Pacific officials stated that the acquisition had been financed by long-term (n-25 year),borrowings of $48,500,000 geared to harvesting of the timber, from The Prudential Insdrance Company of America and the Metropolitan Life Insurance Company; from the use of part of the $15,0@,000 net proceeds of the recent public offering of the company's common stock, and by the issuance of about $15,388,000 of Z0-year subordinated non-convertible debentures to the Hammond stockholders. It was disclosed that upon completion of the financing, Georgia-Pacific had a net working capital position in excess of $4O,000,000, of which more than $20,000,000 is in cash.

fn commenting further, President Cheatham emphasized that the same high quality and standards heretofore practiced by Hammond would be continued; that the products would be merchandised in every state through the existing Hammond outlets and through Georgia-Pacific's national chain of wholesale warehouses as well as for export. Operations will be conducted under the name of a wholly-owned subsidiary, Hammond-California Redwood Co., of which Earl B. Birmingham, formerly president of Hammond Lumber Company, has been elected president.

Newquist Exponds in New Locofion

(Continued from Pre_ceding Page) the organization of Swedes at Newquist.

Ray Sedall was born and raised to the lumber business in Minnesota. He has been identified in sales since graduation from school and has been with Jim Newquist for over five years, handling distribution to retail dealers in this area. He comes from a long line of Minnesota pioneer lumbermen.

H. E. "Brownie" Markstrom, another member of this progressive sales staff, joined the Newquist family over three years ago. He was born and raised in the big timber country in the state of Washington. He gained his experience at the sawmill level prior to entering the sales encl of the lumber distribution business in Southern California.

"We intend to continue to build a hard-hitting sales organization and we represent reliable shippers in the Patrick Lumber Company of Portland, and the Timberlane Lumber Company of Eugene," Jim said. The new suite of offices are open for inspection and dealers are invited to drop by and say "hello," he continued.

The orchid of the forest ,..California

Redwood

California redwood has long been considered the orchid of the forest. And the recent acquisition of Hammond Lumber CompanY brings to Georgia-Pacific Corporation one of the world's finest reserves of oldgrowth redwood timber, amounting to about four billion feet.

Hammond will operate as HammondCalifornia Redwood Co., a wholly owned subsidiary of Georgia-Pacific' The mills at Samoa and Eureka, California, will continue all manufacturing processes with the same high quality, standards and service known to Ham. mond customers for more than 50 years.

Hammond-California Redwood Co. and Georgia-Pacific are prepared to meet the trade's redwood requirements perpetually. Inventories are adequate to permit reasonably prompt shipment of practically all redwood products, and immediate attention will be given to inquiries addressed to:

East of the Rockies:

H ammond-C alif or nia Red wood C o. 35 East Wacker Drive, Chicago; Illinois West ol the Rockies:

Hammond-California Redwood Co. 417 Montgomery St., San Francisco, Calif.

Toke Me Bock!

In days of old, when knights were bold, And sheet-iron trousers wore, They lived in peace, for then a creas€. Would last ten years or more. In those old days they had the craze For cast-iron shirts, and wore 'em; And there was bliss enough in thisThe laundry n€ver tore 'em !

The measure of a and not the length.

life's Length

man's life is the well-spending of it,

Sun-up in Hell

The trouble with hell is that when you get there you have to stay so long. Bob Ingersoll used to tell about a preacher who explained to his congregation how long a man would stay in hell, once he got there. He said: ..Suppose you were standing down by the seashore. As far as you can look in every direction everything is sand. Sand, just sand, and still more sand. Well, now, suppose a little bird flies down and picks up a single tiny grain of sand and flies away with it. Now, a million years later, another little bird flies down and picks up a grain of sand and carries it away. And in another million years another little bird flies down and Jricks up a grain of sand, and flies away with it. Well, brothers and sisters, by the time the little birds carryins away one grain of sand every million years have carried awav all the sand on the seashores in North America, South America, Europe, Asia, Africa and Australia, well, dearly beloved, by that time it wouldn't be sun-up in hell yet."

Poor Job

Nobody finds quite as many things of interest in the local newspaper as Aunt Samantha.

"Job Printing," she read from an advertisement. .,poor Job ! They've kept him printing week after week, year after year, ever since I can remember. If he wasn't the patientest man that ev€r was, he never would have stood it so long, no how."

Governments ond Mqn

It has been thought a considerable advance towards establishing the principles of freedom to say that government is compact between those who govern and those who are governed; but this cannot be true because it is putting the effect before the cause; for, as man must have existed before governments existed, there necessarily was a time when governments did not exist, and consequently there could originally exist no governors to form such a compact. The fact therefore must be that the individuals themselves, each in his own personal and sovereign right, entered into a compact with each other to produce a government; and this is the only mode in which governments have a right to arise, and the only principle on which they have a right to exist.-Thomas Paine.

Buf Only Tempororily

A GI returned to the army camp after a week-end furlough that had been devoted to a large lot of hell-raising, and soon fell into a heavy sleep. Over his head his mates printed and hung this sign: "Temporarily out of Ardor."

Comrtrdes

Together we've adventured far, Exploring books and land and sea. And always f've been glad of you

And always you'v€ been glad of me.

Gay comrades of the day and night

With minds and hearts and souls akin, Even had love not shed this light

What splendid friends we should have been.

-Claire McClure

Good Advice for Anyone

William E. Gladstone, The Grand Old Man of England, gave the following advice to a class of students:

"Be assured that every one of you has his place and vocation on this earth, and that it rests with himself to find it. Do not believe those who too lightly say, ,Nothing succeeds like success.' Effort, gentlemen, honest, manful, humble effort, succeeds by its reflected action, esn,ecially in youth, better than success, which indeed too easily and too early gained not seldom serves, like winning the first throw of the dice, to blind and stupefy. Get knowledge- all you can; and the more you get, the more you breathe upon its near€r heights their invigorating air and enjoy the widening views, the more you will know and feel how small is the elevation you have reached in comparison with those immeasurable altitudes that yet remain unscaled. Be thorough in all you do and remember that though ignorance often may be innocent, pretension is always despicable."

Close-up

You cannot pin her down to fact

For ',rroman seldom is exact.

Although she can be most persuasive

She's usually a bit evasive, And everything she says or does

Has for its reason, "Just because,"

The ease with which she tells white lies fs cause for wonder and surprise. Her idiosyncrasies are many, But who on earth would change hcr any?

-Louise Shaw

Honlon Elected President of NHIA qr Ghicqgo Gonvention

. Howard A. Hanlon, widely known lumberman and civic leader of Odessa, N. Y., was elected the 30th president of the National Hardwood Lumber Association October 19 in the closing session of the group's 59th annual convention, su,cceeding T. M. Millett of Louisville, Ky.

Mr. Hanlon has been a member of the New York State Republican committee for a number of years. One year he was a presidential elector and most recently a delegate to the Republican national convention in San Francisco. He is an intrepid fighter for individual rights and initiative and the inspiring talk which he gave at a recent NHLA convention, titled "The Old Order Changeth," will be long remembered. In 1943 he published a book, "Vanquished

Americans," which is still in frequent demand though unfortunately out of print.

Chosen to assist President Hanlon in directing the affairs of NHLA are Vice-Presidents Franklin T. Griffin, Chicago, Illinois; Bernard Bock of Montreal, Que., Canada, and Mark Townsend of Stuttgart, Ark.

Directors elected for a period of three years include Frank Paxton, Jr., Kansas City, Mo., and Don F. White, Oakland, Calif.

The directors voted to meet again in Chicago next year, with headquarters in the Hotel Sherman.

Community Chest and care for the sick. munity Chest means hospitals and clinics prevent disease Your answer, a bigger YES to Commore protection against disease.

pertur"ah

Don Adolfo Camarillo, president of the Peoples Lumber Co., Ventura, last month celebrated his 92nd birthday at his Rancho Calleguas, just south of Camarillo in his native California. Helping to greet the stream of visitors from sunrise to sunset were Don Adolfo's daughters: Carmen, Rosa, Ave Maria and Isabella.

Chuck'Noble, Fairhurst Lumber Co. salesmanag'er, returned to San Rafael headquarters early this month after spending three weeks in Los Angeles and a week in the northern mills on business.

Jack and Annette Carlow became the parents of a boy baby October 11. The 6-1b., 14oz. arrival was named after his grandfather, the late Ben Carlow, founder of the Carlow Company in Los Angeles. He joins a sister, Jill, who is nine, and brother Jack, 7.

Walt Hjort, formerly of Western Pine Supply Co., has joined Drake's Bay Lumber Co. in San Rafael, reported partners Mack Giles and Art Bond.

Sam Hambleton was able to return to his job as manager of the Square Deal Lumber Yard, Arlington; last month after a short illness.

Ed LaFranchi called on mills and visited his Pacific Forest Products, Inc. buying offices in Ukiah, Fortuna, Eugene and Grants Pass last month.

Carl W. Baugh reports that Carl M. Payne, buyer for the Los Angeles lumber firm, spent an October week at the mill connections in southern Oregon and northern California.

Jerry Bonnington took a week last month to make the rounds with Craig Gaffney, Fresno representative of the Bonnington Lumber Co., and renew old acquaintances in the San Joaquin Valley.

Paul Cherness, salesmanager for Atlas Lumber Co,, and his wife have left to visit friends and relatives in Houston and the south before returning to L. A. late this month.

Regionof Soles Offices

Jock Dqvidson SPeoks of Foqrr NPDA Regionol Meetings

Jack Davidson of Pacific Wood Products, Los Angeles, was one of the speakers at the four regional fall meetings of the National Plywood Distributors Assn' His topicGrading rules, species available and other technical information about imported plywoods-was delivered at meetings in San Francisco, October "26; Ch\cago, Oct. 30; New York City, November 1, and St. Petersburg, Nov. 8-9.

Other speakers who covered all four regionals were Arthur VanderSys, Evans Products Co.-Hardboard discussion, properties, markets and trends; President Earl G. Thuresson-NPDA Report on current activities, and R. D. Behm, promotional director, Hardwood Plywood Insti- tute-The role of the distributor in hardwood plywood. The Douglas Fir Plywood Assn. field men reported at all four sessions on current activities on building codes and other promotion to the technical specifier.

Special subjects presented at individual meetings included C. D. Ahern on "Printed Pressurized Tape for Bundling," at San Francisco; Robert T. Miller, Weyerhaeuser Timber Co., on "Particle Board Properties and Markets," at Chicago, and a Panel Saw Demonstration at the Florida meeting by the Richard C. Bennett Mfg. Co.

La Habra, Calif.-supervisors have approved permits for 111 residential lots on Rose Crest street between Cypress and Hiatt streets south of Ocean street.