38 



HARDWOOD RECORD 



Timber Investments 



OUR SPECIALTY 



(I'LEASE CUT OUT FOR FUTURE REFERENCE) 



WE have been established since 1880. 



WE have explored more timber territory than any other firm 

 or organization in the United States. 



WE now employ a greater force of expert timber cruisers than 

 any other firm in the United States or Canada. 



WE estimated and explored over 5,250,000 acres of timber lands 

 during the first six months of 1905. 



WE have furnished banks and trust companies of the United States 

 with expert estimates on timber lands upon which millions of dollars 



have been issued in timber certificates or bonds. 



WE have sold the most prominent lumbermen of the United States 

 millions of dollars worth of timber lands on our own estimates. 



WE sold over $7,500,000 worth of timber lands during the first six 

 months of 190.5. 



WE solicit correspondence and closest investigations as to the ver- 

 acity of our statements. 



WE shall be pleased to refer you to leading banks and lumbermen 

 with whom we have had close business relations. 



Respectfully, 



JAMES i). LACEY & CO. 



608 Hknnen Building 

 New Ori.kan.s, La. 



1200 Oi.D Colony Buii.nixc. 

 Chicago, Ii,i.. 



WfsUrn Offii'e 



.507 Lumber E.xchange 

 Seattle, Wash. 



