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Capitalizes Lumber Industries Long-Bell Reorganization
ouse Plan Sanctioned
Chicago,;July S.--Paul Orban, Orban Lumber Company, Pasadena, Calif., visited the Lumber Industries House at the Chicagb Fair recently and was so impressed by it that he went hofne, gave his local paper-the Star-News-an enthusiastic account of it and hastened to get a set of blueprints from the .National Lumber Manufacturers Association in Washington. Now he is actively engaged in selling the Lumber lfouse idea and ideas to his patrons.
An inspection of the inquiries received from visitors at the Lumber House indicates that there is a good follow-up field for retailers in the favorable impression it is creating.
Several hundred lumb.er dealers have ordered plans and blueprints of the Lumber Flouse and no doubt are utilizing them energetically and intelligently in their work.
The most important thing about the Lumber Industries House from the standpoint of the lumber dealer is that it enables him to provide his customers with something as novel, modern, and inspiring as his competitors in other building materials can offer. The Lumber Industries House reveals lumber as a building material which is as modern in its adaptability as it is persistent historically.
Visits San Francisco
Lloyd Ferrill, of the office stafi of Dolbeer & Carson Lumber Co., Eureka, recently spent two weeks' vacation in San Francisco.
The request of The Long-Bell f-iijhber Company and a group of creditors that it be given bn opportunity to work out a reorganization without the necessity of a trusteeship was granted July 5 by Judge Merrill E. Otis of the federal court. On June 9, when the company applied to the court to be brought under the provisions of the new corporate reorganization law, Judge Otis sanctioned the petition and set July 3 as the date for a hearing.
J. G. Hughes, former state finance commissioner for Missouri and former vice-president of the Commerce Trust Company of Kansas City, Mo., was designated by the court for appointment as a vice-president of The Long-Bell Lumber Company, and in that capacity, a special representative of the federal court in the lumber company's reorganization.If at the end of six months, no reorganization plan had been effected and approved, Judge Otis said he then would appoint federal trustees.
Judge Otis said he was assured an earnest effort was being made to reorganize and added: "I hope it will be successful. I do not intend to do anything to obstruct the plan. I can see some force to the argument that the appointment of trustees at this time might create the impression that conditions were worse than they really are. I have advanced this solution to avoid such an impression and I have confidence the officers will carry their reorganization plans to a successful conclusion."
The stalwart battle put up by the late R. A. Long kept the company intact as a functioning corporation and enabled it to escape receivership.
L. C. A, Delends its Secretary
Washington, D. C., June D.-The Lumber Code Authority today replied to the Darrow Commission's recent recommendation that its executive secretary, Carl W. Bahr, be removed from office by adopting a resolution unequivocally standing by Mr. Bahr for vindicating him against aspersions cast upon him by that bbdy. The resolution was adopted at the instance of a special committee which has spent two weeks in careful consideration of the commission's recommendation and an examination of the charges upon which it was based. The resolution is as follows:
"RESOLVED, That after adequate investigation of the charges and recommendations made by the National Recovery Review Board:
"1. The authority finds the charges unsupported in fact, and the recommendation fully unjustified and unwarranted.
"2. That the authority finds nothing in the said charges and the record upon which they were based or in the recommendation made to impair their confidence, gained by full and long tim.e acquaintance, and experience in the high character, integrity, fairness and impartiplity, conduct and demeanor, of their executive secretary, and reaffirm their confidence in the fidelity with which he discharges the duties of his office."