Applied Knowledge 



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Application of knowledge, as opposed to its 

 mere acquisition, is what counts in the world of 

 practical affairs. 



Our knowledge of timber is practical; it has 

 been applied; it is being applied steadily; it is 



Available for YOUR USE 



Bear that fact in mind whether you desire to 

 buy or to sell timber lands. 



All the information gathered by a far reaching, 

 ambitious organization, all the knowledge, the fruit 

 of long experience, and the facilities we have created 

 are at the service of our clients. 



We serve you, not at a cost, but to your profit. 



:h 



JAMES D. LACEY & CO. 



Timber L^and F^actors 



1750 NcCormick BIdg. 1107 Spalding Bldg. 1009 White Building 



CHICAGO, ILL. PORTLAND, ORE. SEATTLE, WASH. 



KATrnvAT TAPTTAT VRV<^(i 



