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1961-1962 PDF

260 Pages·2012·23.71 MB·English
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I Vol. 15, No. 1 PHOENIX, ARIZONA, JAN.-FEB., 1961 8 Pages Webb Joins In $31 Million Kansas Titan Missile Job Ring Of Excavated Silos To Surround Wichita Air Base Del E. Webb Corporation is a joint venturer in one of the largest construc tion combines in the world which was the low bidder on a $31 million Titan II missile complex to surround Wichita, Kans., and the McConnell Air Force Base for manning by the Strategic Air Command. Joining Webb in submitting a $30,766,492 bid, low by about $1,150,000, were George A. Fuller Co. of New York and Los Angeles, which is sponsoring the project, and Paul Hardeman, Inc., Stanton, Calif. It is a rush project to be completed this year. Work began late in Decem ber, and the Corps of Engineers indi cated a peak labor force of 2,400 will be employed. The initial work covers only the first phase of construction in CHECK in payment of $ 12 million in securities offered the public by the the $250 million project to ring Mc Del E. Webb Corporation is tendered to Pres. Del E. Webb, left, at closing Connell AFB with 18 Titan II missile ceremonies in New York by Robert Lehman, senior partner of Lehman Brothers, which headed the underwriting group. bases which will store ready-for-firing nuclear missiles in silos beneath ground Webb Corporation Offering Of $12 Million level. The Webb Corporation's part in the successful bid was handled by Vice- In Securities Is Quickly Oversubscribed Pres. Robert H. Johnson, Los Angeles, and his operations staff, including Ed The Del E. Webb Corporation, suc ture, four shares of common stock and ward T. Davies and Ed Smith. cessor to Del E. Webb Construction warrants to purchase five shares of First work covers excavation and Co., became a publicly held corpora common stock. Each unit was priced mining, lining of the 18 silos with a tion in December. at $77.75, plus accrued interest on the sheath of steel and concrete, and pro A nationwide underwriting group debentures. viding a water supply. Col. Lawrence M. Hoover, Corps of Engineers area headed by Lehman Brothers of New The offering was quickly oversub York offered 160,000 units of Webb scribed and the books closed. engineering for McConnell AFB, and Lt. Col. Max L. Piper, acting com Corporation securities, comprising $8 Following the $12 million offering mander of the U. S. Air Force Site million principal amount of 6V2 per December 8, closing ceremonies on Activation Task Force there, witnessed cent 15-year convertible subordinated December 13 in the Lehman Brothers start of construction. debentures, 640,000 shares of common offices formally concluded with ten stock and warrants to purchase 800,000 dering to President Del Webb of the Job of the Titan bases is to insure shares of common stock. underwriting group's check in payment that the U. S. will have such devastat The offering was made only in units, for the securities. ing retaliatory power, even under con- ;ach unit consisting of a $50 deben (Continued on Page 2) (Continued on Page 3) Page Two THE WEBB SPINNER Jan.-Feb., 1961 Offering Of Webb Securities Formally Concluded At Closing Ceremony THIS GROUP attended closing ceremonies at the New York City offices of Lehman Brothers when the public offering of $12 million in securities of the Del E. Webb Corporation was formally concluded with tendering of the underwriting group's check. From left: Judge John B. Milliken, Los Angeles, of Webb legal counsel; W. J. Miller, Phoenix, Webb secretary and comptroller; Joe Thomas, Lehman Brothers; Mr. Webb, Robert Lehman, senior partner of Lehman Brothers; Edward W. Schoenhof and Bert Behrens, both of Lehman Brothers; Ben C. Milner or Lehman legal counsel; Alan K. Stewart, Phoenix, of Webb legal counsel, and Milan Kerns, of Lehman legal counsel. Webb Offering Of $12 Million It Was A Stormy Trip, But Webb Made The Meeting On Time The chief of the Del E. Webb Cor Los Angeles, of Webb legal counsel, to In Securities Oversubscribed poration, Pres. Del E. Webb, wondered execute final documents at the morn for a day and night whether he was ing meeting on Wall Street. (Continued from Page 1) going to actually make it to New York Effective January 17, the Webb Cor for the important Monday forenoon Nicest Kind Of Goodbye meeting which would formally con poration announced termination of the Her husband was taking on a new clude a $12 million public offering of deposit agreement with respect to its job at Sacramento and moving the his firm's securities. securities units. Thereafter the deben family there, and for Secretary Lonnie tures, common stock and warrants to Mr. Webb departed Los Angeles on Devel it was a necessary move. On the purchase common stock could be Sunday for New York, where he was bulletin board she placed a note of due late that night. But a blizzard rag thanks to Webb co-workers who had bought and sold separately. ing along the Atlantic Coast forced the honored her at a luncheon in the em Debentures can be converted into plane all the way back to St. Louis, Mo. ployees' lounge, and then she added: common stock at $6.25 per share. After hours of waiting in St. Louis, "I wish I didn't have to leave x x x I've Of net proceeds from the offering, Mr. Webb caught a flight to Philadel never worked at a more wonderful phia, but there his air transportation place and never expect to again." the Webb Corporation has tentatively again bogged down in the storm. Late allocated approximately $9,900,000 Sunday night he boarded a railroad Cradle Topic for expenditure in developing retire chair car for a cold and drafty ride to ment communities, hotels, property de Mr. and Mrs. Gerald P. Marchal, New York, arriving at his hotel at 5:30 (he's a housing department man on velopment, apartments and trailer a.m. the Sun City project), welcomed an ad parks, shopping centers, office build And he had to bounce out of bed at dition to their family with arrival of a ings and industrial areas. Any balance 7 a.m. to join W. J. Miller and A. K. daughter, Kathleen Ann, early the of proceeds will be added to general Stewart of his Phoenix headquarters morning of December 6. She weighed funds of the company. staff and Judge John B. Milliken of in at six pounds, ten ounces. Jan.-Feb., 1961 THE WEBB SPINNER Page Three Creating Berths for The ICBM MISSILE HARD BASE. This mammoth excavation, somewhere in U. S., is Webb Joins In Huge the beginning of a "hard base" — an almost invulnerable underground launch site for the Air Force Titan Intercontinental Ballistic Missile. ThiTs itan Missile Project is typical of the $31 million construction program now underway by a joint venture of George A. Fuller Co., Del E. Webb Corporation and Paul (Continued from Page 1) Hardeman, Inc., to construct 18 such Titan missile bases surrounding centrated nuclear attack, that no enemy McConnell Air Force Base in Kansas. would consider war. They are con sidered important elements in the U. S. Death Takes Affable Bob Becker, Retired Air Force Strategic Air Command's mission to prevent war. Webb Secretary And Treasurer Of Yankees ment when he declared: "We think A legion of friends and former fel July after almost 17 years as a Webb highly of Bob Becker and of the im low workers were saddened at news of employee. Solemn requiem high mass portant contributions he has made to the death in Phoenix on Jan. 21 of was sung at St. Francis Church and our company's continually-expanding Robert A. Becker, 58, treasurer of the Mr. Becker was buried in St. Francis business. No one person in the organi New York Yankees and retired secre Cemetery. zation has had a more important part tary of the Del E. A native of New York City, he in multi-million dollar projects we have Webb Corporation. moved to Bisbee, Ariz., as a youth and built in every part of the nation." Death followed by there began a banking career which A true 'Ambassador of Good Will" several days a saw him rise to a vice-presidency and for the Webb Corporation, Mr. Becker stroke he suffered the chance at a bank presidency when found time outside his duties to work at his home. he decided to join the Webb firm in with the Boy Scouts, who honored him Mr. Becker, or 1943 as secretary and financial adviser. with their Silver Beaver award some dered by doctors to When Del Webb and Dan Topping years ago; to serve as a director of the curtail his activities purchased the Yankees in 1945, they First National Bank of Arizona; to in 1958 after suf named Mr. Becker as treasurer and he assist the Sun Angel Foundation; serve fering a heart at helped lay the groundwork for the base with the St. Joseph's Hospital Execu tack, continued his ball club's fine pension and profit- tive Committee: work with the United Webb duties on a sharing plans. Fund, and supervise charitable and part-time basis until Mr. Webb paid tribute to the affable other contributions from a foundation his retirement last iob Backer Becker long before his actual retire established by Webb executives. Page Four THE WEBB SPINNER Jan.-Feb., 1961 I J~or VJears ^->y J'aithful <^< ervice: mr- AT PHOENIX, three employees and a retiree were honored last month for long-time service with the Del E. Webb Corporation. Pictured with Pres. Del E. Webb, second from right in photo at left above, they are: (from left), A. C. (Pop) Jacobson, who received a diamond-studded 20-year pin, L. 0. (Blackie) Hoeft, with the company almost 20 years before he retired last spring, who received a beau tiful gold engraved wrist watch; Amy Jo Hatford, executive secretary to Mr. Webb and L. C. Jacob- son, executive vice-president, who received a dia mond-encrusted necklace-pin, and H. G. (Speedy) Winston, chief accountant, who received a 20-year diamond pin. -T-ger X*- ^M PRESENTATION of Webb service pins and awards at the Phoenix dinner, held at beautiful Mountain Shadows resort hotel, was witnessed by 40 em ployees and their wives, including the honorees. TAKING CLOSE LOOK, President Webb reads inscription on case of gold wrist watch pre sented to retiree H. O. (Blackie) Hoeft, former Webb warehouseman. In left foreground, Amy Jo Hafford, ever a secretary, takes notes. Jan.-Feb., 1961 THE WEBB SPINNER Page Five §11 H Bill m 11 f^rV.f" AT LOS ANGELES, six recipients of service pins represented almost a century of Webb service. Pic tured above, from left; Dale Griffith, assistant business manager, who received a 20-year pin; Mil- ford T. Rigg, project office manager, and Edward T. Da vies, Los Angeles chief of operations, lS-year pins; President Webb; R. H. (Bob) Johnson, Los Angeles office vice- president, 25-year pin; Ralph G. Wanless and Apollo (Appy) Guizot, operations men, 10-year pins. Ab sent because of illness was M. D. Stevens, a project superintendent, who received a 10-year pin. Those for IS years or longer were dia mond-studded. FIRST 25 YEARS the hardest? Smiling Vice- President Bob Johnson looks pretty fit as he receives diamond-studded 25-year pin from "jyed a champagne dinner in TowneHouse Room of President Webb. In foreground is his secre "'lofel in attending pin party honoring Los Angeles tary, Mrs. Enola Owens, an employee almost 15 years. 6 46663 SUN CITY LIB: JRS CI KA T C n^/ii / m Page Six THE WEBB SPINNER Jan.-Feb., 1961 7Ve6& S^fiiwfcc fatfanittyt 'pe&tune 0i¥olulcuf 0?e4ttvitie4, THE YULE SEASON got away to a happy start Dec. 23 when Del E. Webb Corporation employees of Phoenix and Los Angeles offices gathered for Christmas parties. The Los Angeles group, pictured below, held festivi ties at the office, but at Phoenix it was necessary to schedule the event at the firm's Mountain Shadows resort hotel, for construction division employees were joined by those from housing and hotel divisions. All are pictured above. They received liberal Christmas bonus checks, enjoyed refreshments and a buffet, then began a three-day holiday.

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Hardeman, Inc., to construct 18 such Titan missile bases surrounding. McConnell Air Force . lion in improvements. The new . Pretty terrific, indicates Burt Frei- reich, publisher of .. ager, Ernie Guinn, passed away March. 8 after a
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