JVhatIs a Lacey Report? 



It is science applied to tlie jneasurement 



of timber values to produce a statistical photography 



so to speak ^ of a t?rici of ti)/ibei\ If' licti desirable, it inci tales a 

 detailed contour map accurate e7iough to pla?t logging' operations 

 upon , and always includes a mass of i/itclligcnt commentary on (dl 

 co7iditions oj interest to (in investing or loggi7ig purchaser. 



The LACEY REPORT, ivhich is the recognizee/ 



gospel of timber -values, is but lui ifidex to the great facilities and 

 resources of this otgani'zation in whatever pertai/is to transactions ifi 

 standi fig timber — the king of investments today. 



