The Time to Invest in Timber 



IsNOlV. 



U^e can take advantage of niarket conditions 

 for you as you cannot for yourself 



Eitlier of two systems way he followed in hnying timber. One 



co?ite))iplates buying properties at recogni-zed tfiarket values to accord ivith 

 i}idividual ideas as to what a timber tract should be ami hold it in anticipa- 

 tion of steadily increasing value; the other, the Laccy way, contemplates 

 taking advantage of opportu?iities that come to a?i orga?u-zation like ours, 

 buying at prices much below recognized values and gaining prof t both from 

 the purchase and from accretion. 



Obviously the latter plan is most inviting from the standpoint 



of speculation or for those who do not contemplate future manufacturing. It 

 permits canying charges to be recko?ied merely as deferred pay me) its on the 

 purchase price, and of course means larger prof ts. 



The present is a most opportune time for siieh investments. 



After a period of depression, in common with other iiulustries, lumber is 

 coming into its own again. There are, hoivever, niany tin/ber ownerSy 

 ffiancially unable to carry ?ton-productive investments, who must sell. 



Jf ^e can make a selection for you in the Douglas Fir Forests 



of British Columbia, Washington or Oregon; the JVhite Fine of hhdio; 

 the Westerji Pine of Oregon or Califorjiia; in the Redwoods of the latter 

 state or elsewhere. Prices range %vell below the n/arket values. Send for 

 further infon/zation and booklet described as '' Pointers."" 



CHICAGO 

 1750 McCormick BUg. 



