Keep Up Your Good Work

Pope & Talbot, Inc., congratulates you the California Lumber Merchant, on your twenty-fifth Anniversary. In every field of endeavor, there is alwayE one who takes the lead . . . forstng ahead to high standards and service. Now old enough to chart the course, and young enough to sail it, the California Lumber Merchant is a vital factor to the lumber industry and has contributed greatly to its progre$. Pope & Talbot, Inc., at the threshold of its 100th anniversary, tips its hat to the California Lumber Merchant and says, ttYou have done a real job. Continued Euccesr to you, and grateful appreciation to your editors."

Executlve Ofiices --- 32O Colifornin Streel --- Son froncisro 4

I. E MARTIN

M<rncaing Editor

W. T. BLACK

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