TIIE MORNING ' OREGOXIAX, WEDNESDAY, FEBRUARY o, 1908.
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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-
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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.
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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.
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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.
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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.
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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.
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