■ I -!■■ ■■! ■■ ■■ M l ■■ IBM I I ■ ■■! — an I I HB !!■ ■■ M — ■■ W I I HB - ■■ m ■■ ^iW ■■■■—III— ■■ ■■ ■■ ■■!■ ■ ■ ■■ 



An Increasing 



Population 



An Increasing 



Demand 



A Decreasing 



Supply 



Emphasize current timber investment 

 opportunities. 



In a few years buyers will look back at the 

 "good old days of 1915," when good timber 

 could have been picked up at bargain prices. 

 This is 1915. 



B a 



! 



Buy now and forestall future regrets. 



We offer bargains in northern hemlock and hard- 

 jj woods; southern hardwoods and southern pine, 



western pine, fir, spruce and cedar — also British 

 Columbia timber. 



Find out what they are and where they 

 are. 



James D. Lacey & Co. 



Timber Land Factors 



CHICAGO, ILL., 1750 McCormick Building 

 PORTLAND, ORE., 1313 Northwestern Bank BuUding 

 SEATTLE, WASH., 1009 White Building 



I ^1 ■ ■ -" " " ■" "■ *■'■ ■■«— .HH— — nil— — ■!■ — n il «..— — . . .- M . „ ■ ..■■ ■ ■- ..^ . ,„ ,, „, ^^^ ^ ^^ ^^ ^^ ^^ ^ ^H I 



NATIONAL CAPITAL PRESS. WASHINGTON, D. C. 



