Land Hungry People 



I Need the Soil Upon , 



Which Timber Grows 



^In America Forests have given place to 

 Farms, not to Other Forests. 



^We are reaping where we have not sown. 

 Our forest products are manufactured from 

 natural timber. 



^ It was cheap because there was so much 

 of it. 



^ It is cheap because it costs no man a cent 

 to grow it. 



^ It is becoming high in price because the 

 supply is diminishing and the demand 

 increasing. 



^For all of these reasons, and others, 

 iiji timber, judiciously bought, is and always 



has been a good mvestment. 



a: 



■iiii 



JAMES D. LACEY & CO. 



Timber L^and F^actors 



'i 1750 NcCormick Bldg. 1107 Spalding Bldg. 1009 White Building 



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



NATIONAL CAPITAL PRESS. 



