The Alaska daily empire., 1926-11-23
JUNEAU MILLS
OFFERS BONDS
TO The PUBLIC
Local Concern Asks for $751;
900 for which it Offers
Good Investment Security

The Juneau Lumber Mills, lncor
porated, of this city, if offering to
The public $4,000 worth of s per
cent bonds that will mature in from
two TO ten years for the purpose OF
raising the money that will be need
ed to complete its new plant that il
now under construction The bonds
are secured by a first mortgage on
the property of the company which
has been appraised by the General
Appraisal Company of Seattle al
more than $3ll 600 The interest on
the bonds will be paid semi-annually
at the I'. NJ. Behrends Bank.
The juneau Lumber Mills is GO
ing concern, and its prospectus,
copies of which may be obtained at
the B. NJ. Behrends Bank and the
First National Bank or from c. r.
Gardner or at the mill offices, say
that the net earnings during the last
seven years have averaged about
two-and- d-a.half times the amount that
will be necessary TO pay the interest
on the proposed bond issue and 10
retire the bonds within the specified
time This income will be largely
increased with the larger and more
modern mill that is being constructed
NOW.
In addition to It's large lumber
business the mill last year sold more
than $4,000 boxes and, the manage.
ment says, this will be increased to
more than 100000 next year.
The trust deed or mortgage pro-
vides for the payment OF interest on
each of the bonds at the rate OF
per cent per annum. payable semi
annually on the first day OF June
and December of each year: and for
the retirement of $500 par value of
the principal of the bonds each year
commencing on the first day OF De
cember. 1928. providing the bonds are
not sooner redeemed on any interest
date at 105 and accrued interest.
The bonds are issued in denomina-
tions of 81 900 and $500 In all ma
turtles.
Last Word In Mills
The new plant of the Juneau Lum-
ber Mills. which is now under CON
struction. will pc, when completed,
the last word in sawmills. 1t will
he fully electrified, using Fairbanks
Morse motors throughout with the
most modern and up-to-date mili
machinery The planning MILL box
factory and other features will be
modern in every particular. The
Sumner Iron Works of Everett,
which specializes on mill furnishing,
will supply all the mill machinery.
The plant will have capacity of
100 900 board feet every eight hours
and provides payroll of $l2,5oo pei
month for eight months in the year
with some men employed during The
other four months That is on
basis of 80 men on the payroll while
the mill is in operation. There are
IS men now employed in construction
work.
The mill property has l POO feet OF
deep water frontage and covers an
area of four-and -a-half acres. When
the mill is completed the roof VIII
cover $4,000 square feet, which In
cludes the sawmill, planning mill, box
factory and dry kiln.
The mill will be completed and
in operation not later than April /.
Famous Mill Builder In Charge
d. ID. Wilder. now a resident OF
Seattle. who is in charge OF the con-
struction of the new mill. is one OF
tho n,osi famous saWmill builders ir
the world In 1924-25 Mr.. Wilder
built the new plant of the ketchikah
Spruce Mills, of which f. j. DAILY is
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