After two company failures in a row—Finkbine-Guild Company and Southern Redwood Company—and a mill that had been idle for four years, the Rockport property creditors, with E. T. Dusenbury as trustee, finally foreclosed on the Finkbine-Guild mortgage and on January 14, 1933 transferred title of the property to the newly chartered Cottaneva Redwood Company (Rockport Records, ctn 19, folder 59-30, "Cottoneva Redwood Company" Prospectus). The Cottoneva Redwood Company would never saw a log of timber. The intent of the charter was to clear existing debts and put out the lawn sign: FOR SALE.

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Primary Sources

Rockport Redwood Company Records, BANC MSS 70/184c, The Bancroft Library (Berkeley, CA).