Naval Ships in the Powell River Breakwater

Naval Ships in the Powell River Breakwater By David J Shirlaw The Powell River Company At the turn of the century the Canadian Industrial Company owned pulp leases on Lot 450 in Powell River, British Columbia and the Pacific Coast Power Company owned... More

Naval Ships in the Powell River Breakwater By David J Shirlaw The Powell River Company At the turn of the century the Canadian Industrial Company owned pulp leases on Lot 450 in Powell River, British Columbia and the Pacific Coast Power Company owned the water of Powell Lake. These two companies merged in 1909, and a Minnesota firm Brooks and Scanlon purchased the rights to the pulp leases and the water of Powell Lake. They had working capital of $1,000,000 and in 1909 the Powell River Paper Company was incorporated. It soon became apparent the initial investment of two paper machines would not be sufficient and more funds would be needed immediately to increase the capacity to four paper machines. Bonds were issued and the founders made personal guarantees for the required million and a half dollars. Skilled employees were brought in from the Crown Willamette Company in Oregon. In 1911 the company was renamed and incorporated as the Powell River Company. Norma Less