State Retailers Hold at Los

Harry A. Loke Re-

The annual convention of the California Retail Lumbermen's Association was held at the Hotel Alexandria, Los Angeles, on Thursday, Friday and Saturday, November 3, 4 and 5, 1932. The program was very constructive and the business sessions were well attended, retail dealers from all sections of the state being present.

Harry A. Lake, Garden Grove Lumber Co., Garden Grove, was re-elected president. E. T. Robie, Auburn Lumber Co., Auburn, and Earl Johnson, Johnson Lumber Co., Pasadena, were re-elected vice presidents, and Ross

N. Whitacre, N. Whitacre & Son, Los Angeles, was the first speaker and discussed the advisability of the building of small homes sponsored by the government on long time loans at a low rate of interest. To have a revival of home building we must have funds, he stated.

Mr. Whitacre referred to several meetings recently held in Los Angeles by a group of business men which included several lumbermen for the purpose of discussing a revival of home building. He read a tentative plan drawn up by a committee authorized at one of the meetings and which

Blanchard, Blanchard Lumber Co., North Hollywood, was re-elected treasurer.

The following were elected to serve as directors: Redwood Empire-Sonoma Valley District, Mead Clark, Santa Rosa; Pomona Valley District, Chas. P. Curran, Curran Bros. Inc., Pomona; Santa Clara District, A. L. Hubbard, Hubbard & Carmichael Bros., San Jose; S'an joaquin Valley District, Ray Clotfelter, W. R..,Sliulding Lumber Co.. Visalia; Pasadena-Alhambra District, Earl Johnson, Pasadena; Long Beach District, A. E. Fickling, fbng Beach; Orange County, Hirry A. Lake, Garden Gr5ve; Imperial Valley, C. E. Sones, Sones Lumber Co-, Et-Centro; Northern Counties-Sacramento Valley, E. T. Robie, Auburn, ancl Director-at-Large, Fr.ank G. Duttle, Sterling Lumber Co., Oakland.

Paul Hallingby, Hammond Lumber Company, Los Angeles; Earl Johnson, Pasadena, and C. W. Pinkerton, Whittier Lumber Company, Whittier, served as the program committee and were extended a rising vote. of thanks by the convention in appreciation of their tireleis work in arranging for such an interesting program.

Thursday Afternoon rvas sent out to those attending these meetings for their opinion as to its workability and to secure suggestions as to any changes that might be advisable for the successful rvorking of the plan. The plan follows:

Paul Hallingby, Hammond Lumber Company, Los geles, presided at the Thursday afternoon session.

"Building Loan Banks to be established in tor,r'ns, cities or districts that qualify.

"Banks to be organized by local people or by the U. S. government.

"First money to be furnished by the government out of any funds available.

"Money so furnished to be repaid to the government out of sale of building bonds of $10 denominations and over.

"Each bank to repay to the government from sale of bonds taken by members of the bank and of sale to the public.

"Government to have on deposit at all times an amount equal to the amount of money derived in the sale of bonds of each bank but at no time to be less than one-half the capital furnished in the beginning, unless the bank be self sustaining through its own efforts in the sale of bonds.

"The bonds to be government bonds.

"The money derived by the sale of bonds by the bank An- shall become a deposit of said bank to be used by the bank 'in making 2O-year loans.