Long-Bell Lumber Co. and Pickering Lumber Co. Reorganization Records, 1928-41 | University of Illinois Archives

Reorganization Records of the Long-Bell Lumber Company (1928-41) and Pickering Lumber Company (1928-40) created by Halsey Stuart and Co. (Chicago) regarding the reorganization of these two financially troubled Kansas City, Missouri based lumber companies. These files include correspondence, plans of reorganization, financial statements and worksheets, reports of operations, lists of bondholders, letters and reports to bondholders, inventories and assets, court documents, and newspaper clippings concerning assets and liabilities, lumbering, rail, sales and other business operations in Kansas City, the south and the northwest. This series also includes photographs of Pickering Lumber operations in Standard,California and George S. Long's comments on the fifth anniversary (1928) of the establishment of Longview, Washington, a planned city. 

Correspondents include Clarence T. MacNeille (Halsey Stuart Vice-President and Chair of Bondholders Committees for both Long-Bell and Pickering), Jesse Andrews of Baker, Botts, Andrews & Wharton (Kansas City law firm representing Long-Bell and Pickering), Cyrus Crane of Lathrop, Crane, Reynolds & Mersereau (Kansas City law firm representing Long-Bell Bondholders' Committee), Sigmund Stern (Pickering reorganization manager) and George R. Hicks and T.M. Barham (Pickering receivers).

The Long-Bell Lumber Company of Kansas City Missouri was incorporated in 1884.  According to the Financial Stock Guide Service:  1995 directory of Obsolete Securities it was reorganized December 17, 1935 and merged (along with Long Bell Lumber Corporation) into International Paper Co. effective November 5, 1956.  The Pickering Lumber Company of Kansas City Missouri began business in 1894.  According to the 1995 directory of Obsolete Securities, the Company was reorganized as Pickering Lumber Corporation in 1937.  Its name was changed to PLC Liquidating Corporation on July 26, 1965.  Liquidation was completed June 17, 1966.

The financial reorganizations of the Long-Bell Lumber Company and of the Pickering Lumber Company were managed by Clarence T. MacNeille and the staff of Halsey Stuart and Company of Chicago, an underwriter, distributer, and dealer in municipal and corporate bonds.