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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (14347)	5/23/2004 8:45:08 PM
From: Elroy Jetson	Respond to of 110194

The company founded by Frederick Weyerhaeuser (1852-1914)is an interesting story. One long-standing criticism of the Weyerhaeuser company is their low rate of return on assets relative to other companies, which is a byproduct of their long-term outlook and very low levels of debt. Frederick Weyerhaeuser started in the lumber business in Pennsylvania saving to buy his own sawmill in Illinois. The lumber industry quickly moved in to Wisconsin, which became quickly de-forested. He became friends with the owner of the Northern Pacific Railroad which had acquired great tracts of forest lands from the government. He sold these to Weyerhaeuser in bulk, which in turn provided the railroad with ties and lumber. Weyerhaeuser moved to the Pacific Northwest buying lands and leasing government land to be the first American company to implement sustainable forest production. Weyerhaeuser later bought and leased vast forest acreage in Canada. germanheritage.com "Timber and Men; The Weyerhaeuser Story" Ralph W. Hidy, Frank Ernest Hill and Allan Nevins (1963). New York, NY: Macmillan "Lumberman" Charles E. Twining (1985). Phil Weyerhaeuser (Seattle, WA: University of Washington Press) John Philip, 1899-1956

To: NOW who wrote (14347)	5/25/2004 6:30:30 AM
From: el_gaviero	Read Replies (1) \| Respond to of 110194

Tooearly, Sorry, somehow I missed reading your post. It seems to me that power has accumulated in Washington. People who learn to operate there can find ways to convert their experience into money. I think that it is an interesting commentary on our times that every president, and even high level government person, can expect to cash out, through book deals, or by means of a lucrative position in some banking house. EVen Colin Powell, who seems like a fairly decent fellow, had an estate worth 27 million dollars when he went back into government in the year 2000. It was amassed by means of book deals and speaking engagements for huge stipends, I guess. But I stick to my guns on power. You have to look around and see who is impinging on you, whether you want it or not --- that's where power lies.