Word: lumbering
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Dates: during 1930-1939
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...William Horatio Mason. A broad-shouldered, white-haired Virginia-born engineer who spent 17 of his 59 years working for the late Thomas Alva Edison, Inventor Mason went to Laurel, Miss, after the War to work out a method of removing and recovering rosin and turpentine from Southern pine lumber. He was more impressed by the waste of wood in normal sawmill operations, however, than by the possibilities of naval stores. As the price of naval stores declined after the post-War inflation his interest in waste rose. Starting with the common knowledge that wood can be softened and bent...
...from Laurel, however, is the Masonite ownership. Majority of the stock is still in the hands of the original Wisconsin lumbermen who backed the inventor. These include such potent paper and lumber names as Clark Everest (Marathon Paper Mills Co.), Aytch P. Woodson (B. C. Spruce Mills), Cyrus Carpenter Yawkey, dean of Wisconsin lumbermen. Biggest stockholder at last report (33,000 shares) is President Ben Alexander...
...last fortnight (TIME, Sept. 14), continucd last week. At Cambridge, without going into much detail as to method, the German declared that he is getting a digestible sugar, equal in food value to barley, from sawdust, which is mostly a waste product or burned as an inferior fuel in lumber mills. Of the sawdust 60% to 65% becomes sugar, 5% acetic acid, 30% lignin which again can be used to make charcoal or wallboard. The sugar can be converted into protein by treatment with yeast; into fat by feeding it to pigs. Dr. Bergius said last week that...
...Marriner Eccles was altogether too big a financial and industrial figure in the West to step completely out of its business scene when he moved to Washington. He not only had to run Eccles Investment Co., which manages the family fortune, but also the family's large Stoddard Lumber Co., First Security Corp. which owns 26 banks in Utah and Idaho, one in Wyoming, Sego Milk Products (now a subsidiary of Pet), Utah Construction Co. (one of Six Companies, Inc. which helped build Boulder Dam) and several lesser concerns...
...Giannini made his first foray into the State of Washington by purchasing some 51% of the stock of the $18,000,000 National Bank of Tacoma. Sellers were National's Chairman Samuel Morley Jackson and the estate of the late Chester Thorne. By amicable agreement, the great lumber family of Weyerhaeuser retains two directors' chairs on the board and local officers will stay in office. Presumably the Tacoma bank will become the centre of Trans america's incipient Washington network...