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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Feb. 5, 1908)
TIIE MORNING ' OREGOXIAX, WEDNESDAY, FEBRUARY o, 1908. 5 jjyl TDM (COAST PILNT) . EcflIUIEIB IK! IF Western Cooperage Co. Manufactories Located inSeattle,Los Angeles, Aber deen and Houlton Cut Logs, Saw Staves and Finish Barrels. GROWTH of manufacturing' on the Pacific Coast is doing .more than any other one thing to win for the Coast its financial independence. It is -only a matter of time and development before this Coast, with its inexhaustible timber resources, becomes the seat of the world's greatest wood-products manufactories. Pay rolls and profits millions distributed in dividends and wages will contribute steadily towards steady, genuine, splendid prosperity. Al ready the manufacture of barrels, staves and head ings has grown to great proportions on the Pacific Coast. By far the largest company is the Western' Cooperage Company, which has grown from the humblest beginning in Los Angeles fourteen years ago to an institution which is operating four great plants and is manufacturing, for other cooperage companies, the majority of staves and headings used on this Coast in the manufacture of barrels. In pay-rolls and volume of business the, "Western Cooperage Company ranks high among Western Indus- j3'" v VuMmirifcui uii nil xunmrnm i i'iiiii rnrri i iftm iii nUti irirtimin" -iri-m mn in fi-ir ' h, w I r thiHi i -rffnanwiamiMyftftitftfmwyiwMiittgiti ij.:?.,jfi,iiiftn'-nftiflffti,i-wifiilt4nr yiimpivrtflfiliiirihii'iiwh" a x - ' " " 4 J .1 " iiviIvIi'a' i--!- igWWgW!l'ftWltmWlIHlllliy(hi'tl lNV-Wv ABERDEEN PLANT OF WESTERN COOPERAGE COMPANY Wm. ,,.m.mm..;rn-'m-rr-',-lr1- ,-.miT jr,,,, 1) Birdseye photog-raphs o mill, dry kilns, railroad warehouse, ship -warehouse and docks. (2) The boom in front of mill. Note size of logs. (3) The sawmill. Note size of logs on slip. i v. " - V" U'f &i V; 5 ;4 istef. : it. , - 4 t . HOULTON PLANT OP WESTERN COOPERAGE COMPANY Panoramic view of warehouse, factory building and yards. Stave bolts in boom were cut by "Western Cooperage Company from their own timber lands and flumel direct to mill by gravity system. OUR TWO-FOLD PURPOSE Our reasons for announcing the issue of 7 per cent Preferred Stock are as follows 1. To familiarize the investing public with our status, so stock can be placed by us from ime to time when funds are required for new factories or equipment. - 2. To secure a multiplicity of small stockholders so that regular quarterly dividends will advertise us among a large number of inter ested and influential people. When we pay 7 per cent interest on $100,000 to a bank it amounts to $7000 a year. That $7000 is an expense which does us no good except to obtain the use of the money. It doesn't advertise us at all. If that same 7 per cent goes to 100 stockholders in the form of quar terly dividends, and goes to them year after year, it will do us a whole lot of good. Every stockholder will be keenly interested in the progress and growth of the company and will do whatever he can to help it progress and grow. If you own stock in a substantial insti tution you will realize what this interest means to it. At present the entire stock of the Western Cooperage Company is held by a limited few. Having hundreds of stockholders up and down the Pacific Coast receiving regular dividends will be a constant source of help to the company. tries, and this growth has been entirely from its own earn ings. Its assets, consisting of its factories, warehouses, stock, current accountsrand thousands of acres of finest timber lands adjacent to its factories, have been accu mulated solely from its own growth. It has never sold any bonds or stocks to' outsiders, the ownership of the company having been confined to a limited few, its actual builders. Now, the Company's operations have grown to the point where taking in outside capital is justified. It is believed there will be no difficulty in interesting Pacific Coast capital in so substantial a Pacific Coast enterprise, thereby avoiding placing so profitable an investment in the East. The Company will soon authorize an issue of 7 per cent Preferred Stock, paying interest each three months, and Pacific Qast investors will be given prefer ence in placing the issue. Interested parties can obtain announcement of stock issue by addressing Watson Eastman, Pres., Western Cooperage Co., Portland, Or. Reprint of intensely interesting article, the "Story of the Barrel," sent free to all inquirers" upon application to Western Cooperage Co., Portland, Or. r' : " .. ... s'i OFFICERS OF WESTERN COOPERAGE COMPANY Watson Eastman, President, Port land, Oregon. Albert J. Buhtz, Vice-President, Seattle, Wash. Clarence A. Lillie, Sec, Portland, Oregon. DIRECTORS. Frederick J. Koster, President California Barrel Company, San Francisco. .Albert J. Buhtz, Vice-President Western Cooperage Co., Seattle. Clarence A, Lillie, Seer. Western . Cooperage Co., Portland, Or. Gustave Woerner, Member Pirm David Woerner Cooperage Co., San Francisco. William E. Belford, Superintend-, ent Western Cooperage Com pany, Houlton, Oregon. Warren E. Thomas, Member Law Pirm Chamberlain, Thomas & Hailey, Portland, Oregon. Watson Eastman, President West ern Cooperage Company, Port land, Oregon. IW00B fill I :--5::5'T r-:irs;S V;---:.' :. .:'5 . : 2 .... '- . .V;1'-- 4 1 1m :S ' -r-x-': - .rt- 5 v t I i 5 IJL ttit,i"-ii- Vx ,.;lr,mf NEW SEATTLE PLANT OP WESTERN COOPERAGE COMPANY (Now under conduction.) Where barrels are manufactured for Oriental, Alaskan and Northern trade from materials supplied by Aberdeen and Houlton Factories. : !v '5 .5.5 : y j ... .' . ". , .'j. i SlW'? if- 11 4 H-'5": x::i55' illlUlJUMWni iftlftimiuii)! PLANT OF LOS ANGELES COOPERAGE COMPANY, BRANCH OF WESTERN COOPERAGE COMPANY (1) First beginning of Western Cooperage Company industry, November, 1894. (2) Second home, 1897. (3) Present plant, where barrels are manufactured from staves and headings sawed by Western Cooperage Company's mills iu Oregou and Washington. WILL ERECT NEW PLANT Proceeds of Sale of New Stock. Issue Will Be Used for Immense Factory at Another Point . on the Pacific Coast., A fifth Pacific Coast manufactory -with much larger capacity 'than any now in operation will be erected by the Western Cooperage Company from the pro ceeds of its proposed issue of 7 per cent Preferred Stock. Where this plant will be located has not been announced. Rather than bond the company, borrow money, or take the required Capital out of the business, the company will raise the funds for its new plant from the sale of its Preferred Stock. Further information will be given to interested parties upon application to the head office of the company, Portland, Oregon. ft
