PACIFIC SPRUCE CORPORATION
Toledo
March 9, 1923: "A deal which involved the transfer of the 4200 acres of fine timberland in Lincoln county to the of the Chautauqua Lumber company to the Pacific Spruce corporation for a figure approximating more than $1,000,000, has been closed. The timber, which cruised about 275,000,000 feet, is located in the lower Siletz basin, and is adjacent to the logging properties of the spruce corporation. The timber will be milled in the plant at Toledo." (The Boardman Mirror)