Bankers Often I\Iake a Loan 

 Solely on a Lacey Report 



Many bankers will hardly consider making a loan 



ni the absence of a favomhie LACILT RRI^ORT. Havi/iir nnuie wisiitisfcic- 

 tory transactions on the basis of an oniinarv '^timber cruise''' they are, not un- 

 natnra/Iy, disposed thereafter to seek the nearest possible approach to scientific 

 knowledge of the facts. This is to be found in a fill LACET REPOR T. 



jriiile not all hankers are as yet sufficiently well 



versed in timber matters to appreciate filly the security offered them by the 

 facilities of Lacey & Company, the possession of a fill and favorable LACEY 

 RI')POR'r on your holdings li'ill usually greatly enhance their value as a basis 

 for financial ti wlu n -tions . 



Of coarse there are several degrees of com pi etc )i ess of 



LA CI'])' RI\P()RTS determined by requirements ami cost. Careful bankers, 

 therefore (like careful buyers and sellers), insist on the full LACEY 

 REPOR T. Leiy glad to send you our book of '" Pointers.'' Write for it. 



CHICAGO 

 1760 McCormick Bldg. 



SKA TTLE 

 626 IJennj Bldg. 



NEW ORLEANS 

 1213 Whitney-Central Bldg. 



