1961-1962

260 Pages·2012·23.71 MB·English

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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
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Bill
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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
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Page Six THE WEBB SPINNER Jan.-Feb., 1961
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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.