-'PHITIPPINE.'MAHOGANY-' -YEAR !!

THE BIG AND MODENN MITLS FON WHICH WE ANE EKCIUSTI/E DISTNEUTON ARE CUTTING TIMBER TNOM THE FINEST FONESTS IN THE ISIANDS. TTIE TEKTT'BE AND CHARACTF.R OF OIIR TUMBER IS I'NSI'RPASSED. WE CANRY IN STOCK AT AII TIIVIES AT OIIB SAN PEDRO YARD AT LEAST TWO MIIIION FEET OF THE FINEST STOCK. WE SPECIALIffi,IN UGHT AI{D DARK PHIIJPPINE MAHOGANY, AIT ITEMS FOR AIJ. PT'RPOSES. OTHER SPECTATTTES IN STOCK ANE APITONG AIVD GUTIO TNOM TIIE PHIIJPPINES, TEAK T:.ROM SIAIVI, IRONBARK AND IANRAH FROM AUSIBAUA, AI{D BALSA WOOD TBOM SOTITT{ AMERICA. THE BEST POSSIBI.E SERVICE AI.L TTIE TIME.

STOBAGE YARD:

OI'TEN HANBOR, SAN PEDRO, CAL.

MITIS AND YARDS: MANILf, cnd TOLAMBUGAN, P.I.

EXCLUSTVE DISTRIBUTONS

FOR FINDLAY.MILLAN TIMBEB CO., MANILA, P.I.

(Contiuued from Page 6) ful fashion. For instance he states that the present social security tax being levied on employers and employes IS THE HEAVIEST TAX EVER LEVIED IN THIS OR ANY OTHER COUNTRY FOR ANY PURPOSE WHATSOEVER. And that, of course, is one of a myriad of the taxes of today.

Mr. Lucey says that i" issi ttle peaer"t Government collected in taxes $5,600,(nO,O00, the States collected $2,500,000,000, and local governments collected $4,500,000,000, making a total of $12,600,ff)0,O00 for the year. AND THAT WAS BEFORE THE SOCIAL SECURITY AND UN. DISTRIBUTED SURPLUS TAXES WERE LEVIED.

*4<*

"Every one of these taxes" says Mr. Lucey, "increases the cost of living." No need to prove that statement, is there? Yet, Mr. Lucey calls attention to the fact that although these various forms of government take from 20 to 30 cents in taxes out of every dollar earned, they did NOT pay the bill. It would have required 18 cents out of every 68 cents earned to do that, says Mr. Lucey.

Naturally, he says, """1n l"riuurr, of the nation is not paying 18 cents out of each 68 cents earned." Some pay much less. Some much more. He tells of a man who pays $35 a month rent for an apartment in New York, who laughed when told that if it were not for taxes the landlord could rent him that apartment for not more than $25, and perhaps as low as $17.50. He thought the landlord paid the taxes, just because he, the renter, did not get a tax bill.

NAVY DAY FOR LAWRENCE.PHILIPS S. S. CO.

January 24 was "Navy Day" for the LawrencePhilips Steamship Co., when its entire fleet of vessels for the first time in many months was in port at Los Angeles harbor at the same time. T. B. Lawrence and Don Philips were on hand to greet their many friends who visited the Harbor to inspect the vessels. The compiny operates the steamships "Dorothy Philips," "Josephine E. Lalrence," and "Lawrence Philips ."

66 Ydars Ot Sdrvigi

The house oI White Broihers was lounded ia Jcrnucry ol 1872.

Referring further to the social security taxes, Mr. Lucey says that after 1949 when the full law goes into effect, this tax alone will take 9 cents from each dollar earned by a worker. Three cents from each dollar will be taken from his envelope by his employer for old age pensions. The employer, himself, will have to pay 6 cents for every dollar he pays this worker. Naturally the employer is going to add this tax to the cost of doing business, the cost of goods, and services.

**>k

The employe will then find that the 97-cent dollar he has received will only buy 91 cents worth of food, and clothing, and shelter, for the 6-cent tax has been added to the cost of living.

**{<

Mr. Lucey concludes that there is but one answer to the present high and growing cost of living-taxation, and that it is going higher all the time, and nothing is being done to stop it.

*>k>k

Flash: Mr. Roosevelt appointed a good citizen and a good lawyer to the Supreme Court the other day, thus spiking the rumor that he was going to follow the appointment of Klansman Black by the appointment of Charlie McCarthy.

+t<,F

Flash: Secretary Ickes got in awful bad with "the boss" when he sent out that radio blast to the effect that "sixty families rule America." That's fifty-nine more than "the boss" had figured on-

Back From Northwest

Harry E. Whittemore, manag'er of the Benson Co., San Diego, has returned from a three weeks' trip to the Northwest.

Los Angeles Visitor

Lumber business

Geo. R. Kendrick, sales manager of the Chas. R. McCorrnick Lumber Co., San Francisco, returned Jawary 24 from a business trip to Los Angeles.

IDEPENDABTLITT-RIGHT PNIGES ANd GODIPLETE 8TOCK8

HIGH GRADE HARDWOODS-Dmestic wood!: Ach, Bech, Birch, Gm, Hldrcry, Maraolia, Meplc' OaL, Popler, Warut, rrak ud MIDIG F'loaht. FOREIGN WOODS: Apttong, Balca, Spaniah Ccdar, Eboy' Spottcd Gun, Iroberlc, Jmtrero, Llgnm Vit c, Mah4aln Prlmrrrcra' Rccwoo4 Si.E Tcrb Abo

FIR PLYU/OOD AND WALLBOARI)

Hipolito Moves to New and Attractive

West Coast Annual Meeting Offices Held at Tacoma

The Hipolito Company, of Los Angeles, has just moved offices. Their big mill is just around the corner from the offices on Alameda Street they have occupied for years, so they leased a piece of property right alongside the mill, and built a small and very attractive office building on the front, which they now occupy. The rear of the office is used for storage purposes, furnishing them additional facilities. The interior and exterior of the office building are both attractive.

Their metal screen and window department which was formerly in the rear of their offices, has been moved to the second floor of their mill, and splendidly arranged for production purposes.

The Rosenberg Brothers, Herman and Leo, are much pleased with their entire new set-up.

SPENDS FETyI/ DAYS AT MURRIETTA SPRINGS

John E. Marshall, president of John E. Marshall, Inc., Long Beach, lumber handlers and shipping agents, is back at his desk after spending a few days at Murrietta Springs. Mrs. Marshall accompanied him on the trip.

HEADS EXECUTIVES' ASSOCIATION

Jas. B. Overcast, sales manager of Strable Hardwood Company, Oakland, was recently elected president of the Executives' Association of Oakland.

The annual meeting of the West Coast Lumbermen's Association was held at Tacoma, Wash., on January 28.

Dr. Wilson Compton, secretary-manag'er, and H. R. Northup, trade promotion head, National Lumber Manufacturers Association; and H. G. Uhl, secretary of the Timber Engineering Co., Washington, D. C., addressed the meeting. A. C. Horner, manag'er of Western Timber Structures of San Francisco, talked on new uses for Douglas fir timbers in California. Clyde Makutchan, chief building inspector, Los Angeles, was the only non-industry speaker.

President T. V. Larsen, of Forcia & Larsen, Noti, Ore., presided at the meeting. Secretary-Manager W. B. Greeley reported on the Association's work in 1937 and spoke on opportunities ahead for the industry. Other subjects discussed included questions of lumber grading and inspection, developments in lumber research and engineering, West Coast lumber transportation problems, lumber trade promotion, governmental relations and labor relations. Corydon Wagner, vice-president of the St. Paul & Tacoma Lumber Company, who recently returned from a trip in continental Europe, spoke on the subject of "Timber Use and Marketing in Germany."

A special meeting for West Coast sales managers was held at Tacoma on Janaary 27.

A full report of the meeting will appear in the February 15 issue.