Douglas Fir 2x4'sNearly Sixty Years Old Returned to Lumberman Who Sawed Them

In 1882 eighteen-year-old Jack Magladry stepped up over the heads of a number of veterans to the job of head sawyer in the pioneer Yesler mill of Seattle-then a community of 3500.

Later in the year E nerv frame business building was erected in Seattle, from lumber off the headsaw manned by able and ambitious young Magladry.

The building escaped the disastrous Seattle fire of 1889 and continued in use until the summer of this year. Then it was torn down, to make way for a modern structure. All the framing lumber was as good as new, or even better with its 58 years of seasoning, and has been consigned to another start in life in a new Seattle home.

But two pieces of.2x4 studding were sawed off and sent to Jack Magladry, for years now a leading lumber manufacturer of the Willamette Valley in Oregon. It's himself in the picture, with the Douglas fir studs he sawed in his rambunctious youth.

In each piece there are remnants of the square, handwrought steel nails which went out of use in the East after the Civil War, but u'hich survived longer in the Far West.

Since 1917 Jack Magladry has been a principal of the Bohemia Lumber Company of Lane County, Oregon, and during this period he has served as state senator, as president of the Willamette Valley Lumbermen's Association, and trustee of the West Coast Lumbermen's Association. Mr. Magladry was the first president of the former assoiaction, which was formed in 1928. He served for six consecutive terms in this post. He has been a WCLA trustee for a d.ozen years.

Now 76, Jack Magladry has begun to take it easy on the lumber side, to give, as he says "the young fellows oI fifty a chance." But he is as active as ever in aggressive defense of the American way of life in which he found free opportunity to advance himself.

Jack, as all hands, young and old, call him, learned to run a headrig in his early teens, by working on log carriages and trying his hand at sarving in the smaller Puget Sound mills. Before working in the big Yesler mill, he spent a summer in a bullteam logging camp on the upper Skagit River, with duties that ranged from keeping books to cleaning out a stable that housed 20 head of oxen. His

Fir atuddins he success on the Yesler headrig led to a sawing job that paid more money, in New Westminster, British Colunr bia. Jack held that job down for seven years. He then migrated to Portland, Oregon, and headsawed for the InmanPoulsen mill for three years. He was employed by. a number of other laige lumber companies, up to lX)7, when he went into business for himself. For several years he was general superintendent of the Booth-Kelly operations at Wendling, Oregon.

T";i".i"?,i.Douslcr

The Bohemia Lumber Company was formed in l9l7 by. Mr. Magladry, in partnership with Lon S. Hill. His present partners are W. A. Garoutte, former plant superintendent and La Selle Stervart, former logging superintendent. The company's timber holdings and operations have been organized for continuous production.

Such is the typical American success story of Jack Magladry, Douglas fir lumberman. It is all symbolized in the picture, rvith Jack in his office, the gavel he wielded as president of the Willamette Valley Lumbermen's Association on the table behind him, and the Douglas fir framing lumber he sawed 58 years ago, in his hands. And this is why Mr. Jack Magladry says:

"It's a fine free country. Let's keep it that way, come hell or high rvater.

Port Orford Cedar

Home Financing Active in July

Washington, Aug. 3l-Home-financing activity, which slowed down in June, recovered in July to a point more than 22 per cent above July, 1939, with savings and loan associations still more strongly entrenched as the leaders in the housing field, economists of the Federal Home Loan Bank Board reported today.

Home mortgage recordings of $2O000 or less amounted to $367,O54,000 in July, as contrasted to 9355,463,000 for June and $300,680,000 for July a year ago. They still were below the figure of. $372,47I,000 for May, L94O.

Savings and loan associations recorded mortgages amounting to $118,914,000, an increase of more than 28 per cent over July, 1939, and representing 32.4 per cent of the total mortgage recordings of all types of lenders in dollar volume. The 46,667 mortgages recorded by savings and loan associations in July represented 35.2 per cent of the total by number.

In the first seven months of.194O, savings and loan associations recorded mortgages amounting to $717,68O,000, or 31.8 per cent of the total of. $2,254,052,000 recorded by all types of institutions. Figures on the amount of mortgage lending, by type of institutions, follow: