The Bridgeport evening farmer., 1910-11-19
CONNECTICUT CAPITAL
 IN WESTERN TIMBER
The Northwestern Timber Company Increases Its Holdings of
 Cedar Timber.

The Northwestern Timber Company controlled by Connecticut people and l Connect cut capital has recently in | creased it's holdings of cedar timber 1 on the Pacific coast to 225,Oj0, ,00O feet. The company's timber is chiefly Red | Cedar and Yellow Cedar, regarded by | experts as the most valuable timber | on the Pacific coast.
 Among the Connecticut people iden- l tified with the undertaking are: | Everett J. Lake of Hartford, Gen. eral Manager and Vice-President of the Company
 William F. Burnhapn of, Bridgeport, President.
 Edmund Day President of the Sey- | mour Trust Go. Seymour. Bruce N. Griffing, Pres dent of the Griffing Button Co, Shelton. Whitman s. Mead of Greenwich, Treasurer
 Carl Foster of Bridgeport, Counsel
 Clayton s. Boles, Treasurer of the
 Seymour Trust Company. Seymour.
 Joseph Brush of Greenwich.
 Sidney E. Hawley of Bridgeport.
 MT. Lake. who has recently accept
 ed the position of general manager of
 the company has undertaken to spend
 the time on the ground. at the con- pany's property. supervising and di-
 rect ng the company's affairs, neces-
 sary to insure successful and ecenom- ical operations and the best results
 from it's operations.
 In connection with increasing the holdings of the company, and for it's initial operations, the company has
 authorized an issue of s3O0,OoO, Ten
 Year 6 per cent, General Mortgage Bonds, to be secured by the above 225.000.0OO feet of timber, and all equities in and profits from future operations. which the compsny ex- poets to carry on in timber in the I fri nr
 It is understood that without man. ufacturing any of the above 225 900 900 feet of timber into lumber but simply by cutting the timber under contract, and selling it as logs, the company can realize, at present prices a sum | its bond issue.
 l The company's policy. however, will l be to turn the timber into lumber and sell it as such. To such extent
 as practicable, operations will be de-
 layed until the opening of the Pana- i ma Canal now assured for December, ! 1913). which VII reduce the present i freight rate (about s2S per thousand l feeD at least 50 per cent and make | the markets of the eastern coast Of 1 the United States and of Europe much 1 more accessible and insure larger in- 1 creased profits and returns to the company from the sale of it's product. l The company's bonds are being Of- l fered exclusively to Connecticut in- | vestors, and the directorate and man. | agement is made up of prominent | Connecticut business men we'll known 1 throughout the State.
 If the expectat- -ons of the company | are realized the holders of stock iS- | sued as 8 bonus with the bonds will be assured liberal dividends, after the 1 bonds have been retired. For the benefit of prospective in vestors the company has prepared a
 statement, giving details of cost of production, selling prices, particulars
 as to the company's property and es- tmates of earnings, which will be sent 10 persons wishing it, on application to the address given below. The company's bonds will be ready for delivery by Dec. 1. Of the total
 issue of s300,0O0 over one-third has
 already been subscribed for in ad- vance.
 Further advance subscriptions or
 servations for bonds will be received by the company until December l, at par and accrued interest. Bonds sub- scribed for and awarded prior to the above date. to carry an equal amount of the stock of the company, as a part of the same consideration.
 Communications relating to sub-
 scriptions for, or requesting reserva-
 tion of bonds, Or further information
 should be addressed to the Northwes-
 tern Timber Co.,, P. O. Box, 1928, Hart
 ford, Conn.