Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (April 8, 1928)
cm PI fa) lb Is mil UUvJ A. 0&DK85B3 IIS What citizen in Salem has not commented on our city's growth and payrolls during the past five years? Salem has industries today which do a world-wide business but with which very few of our hlZ ton people are f amiliar. Prosperity is created VUSSS terial but by working the raw material up into a finished product which can be shipped long distances and even around the world. What is Paper Converting? of articles which are used by industries all over the world. To illustrate. It turns out or ders in million lots for: Cellophane and Aluminum Foil printed Wrappers and Un- . ers, Glassine, Confectionery and Embossed Fancy Bags for candy manufacturers, Tea and Coffee Bags, Glassine Wrap pers for candy bars, Glassine and Waxed Paper forBakmg Cups, Bon Bon Cups, Finger Bowls, Street Car Transfers for railways, Glassine, Greaseproof and Cellophane wrap pers, circles and die cut liners for meat packers. Fruit Box Curtains, Glassine, Sulphite and Bonds in white or cotors, plain or die cut, for dried fruit, fresh or candied fruit, Em bossed papers for druggists and Jewelery trade, Box Covers. Also the following stationery items : adding machine paper, Telephone and Desk rolls, Cash Register Rolls and other flat stationery items such as cut and ruled news, cut and ruled Sulphite Bonds, Flat writing, Drawing papers, and such as used by Schools for loose leaf fillers and other Com mercial uses, ruled headings such as billheads, statements, ledger ruling, bank statements, ledger ruling, journal rul ing and Typewriter second sheets. Great Consumers of Raw Materials The Western Paper Converting Company could use the entire output of a M xJB such as we have in Salem. The advantage of such an industry to the w stockholders is that it takes a product like a carload of paper and tranrf onu it .into articles which can be shipped much greater distances at a greater profit that could the carload 01 pap iS other wolds, an industry of this kind produces bj-produet. Ind helps give a steady market for the output of paper mills which would not be available if the mills had to depend entirely on bulk orders for plain paper. Builds Up Payrolls Salem needs this kind of plants to utilize its timber products, its fruit fJc ' farm products. The Western Paper Converting Company is the best be offered of the advantage of completely utilizing the output of a factory from the tree to the printed label that goes around a ham which is prepared for market in Chicago. The annual payroll of the Western Converting Company is now $100,000. This sum can be increased enormously by expansion, for the possibilities m this field are unlimited. I An industry of this kind not only helps maintain payrolls in forest jn the factory, but it creates new and steady employment as the result of the manufacturing p J It carries on. It is a safety valve for an indu stry such as a paper mill nd m manufac tur in it means stability just as crop diversificat ion means salvation for the farmer. The one MTtod the one-crop farmer are always in trouble Invest ments i naonerop farm and investments in an industry without a diversified outlet for its product, are unsatisfactory. Visit the Paper Converting Plant Salem Citizens should visit the Paper Converting plant and fully realize the great possi bilities it presents for drawing business to Salem and the opportunities it offers lor em phasizing our prominence as an industrial city. Paper products are being more widely used every day. We have the .timber, we have the paper mills and to get the greatest benefit and build up the biggest payrolls in this community, we must turn the paper out in tne various manufactured forms which business over the world desires. Not an Experiment The Western Paper Converting Company is not an experiment. It is a successful growing business. In fact, its business is growing so rapidly that it is necessary to increase its capacity. Its products are being shipped air over the United States and to many foreign countries. It is each day converting 40,000 pounds of paper into its finished products, the bulk of which is used in wrapping food stuffs. The Meat Packing industry alone will use between 100,000 , and $150,000 worth o these products in 1928. It is operating sixteen hours a day which is practically 100i capacity. Salem citizens who can investigate every phase of this business and who have seen it grow from the day it opened, are the logical people to put up needed money and profit by the returns. Western Paper Converting Co Salem, Oregon Incorporated Undei the Laws of the State of Oregon. AUTHORIZED CAPITAL 1100,000.00 7 Preferred Stock $200,000.00 Common Stock AMOUNT ISSUED $115,000.00 Common Stock PRESENT OFFERING 350 Shares Common Stock at $100.00 500 Shares 7fc Preferred Stock at $100.00 LOCATION AND EQUIPMENT The Company owns approximately four acres of ground on North Front street. City of Salem, Oregon. The plant is exception ally well served by the transportation facilities, being on the Willamette river and also served by spur tracks from the Oregon Electric and Southern Pacific rail roads. The building is constructed of concrete and tile,. 240x100 ft., protected by a modern sprinkler system. The real property, exclusive of presses and other equipment is valued at $116,000. The equipment is the most modern and complete available. The company main tains its own Art Department, Engraving Department, Composing Room, Ma chine Shop, and is equipped to make its own plates, dies, and art work used in the business. The equipment is valued at $150,000. It is the only plant of its kind, west of the Mississippi river. The total valuation of real property and equipment is $266,000 against which is an $80,000 First Closed Mortgage, Serial Bond Issue. PURPOSE OF THIS ISSUE The money derived from the sale of the present offering is to be used for the purchase of additional equipment and for operating capital. An increase in the Company's operating capital is necessitated by the enormous increase in the distribution of the Company's products. EARNING After present Bond interest charges are deducted, the earnings are nearly five times the amount required to pay the interest on the additional issue. COMMON $100 PREFERRED $100 to yield 7 ' Mf-mm II H HI II" ' I I I ...lj,.l,C.y;-1M r -a ; : " la "... ' , . : I ; " - - . . - I - - 1, ITT ' 1 k , f - J " 4 . J- ' I 1 .... 205 Oregon Bldg. Salem, Oregon The information and data furnished concerning securities sold by Hawkins & Roberts, Inc., are taken from official statements, records and other sources and are considered reliable. v Phone 1427