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The carefree spending days of the Red River Lumber Company came to an abrupt end. Bonds were used to finance the construction of Westwood came due. On the other hand, Fletcher Walker continued expanding operations, each at an additional cost. The bondholders on the other end were not pleased with the delinquent payment and return. A free for all battle occurred as to whether the banks or the Walkers would control Westwood. The Walkers, made concessions to keep the banks at bay.
Then there were labors problems. It began with the purge of the CIO members and their families who were driven out of Westwood in 1938. That was the tip of the ice-berg. The following year the AFL went on strike over the same issue of wage restoration that the CIO wanted. It was a mess, to say the least, and it would be one of many factors that would seal Red River’s fate. Click here to order.