AiiBimt 25, lOi: 



<>XK Ol- Till-; Fll-INO HOOMS WIlI'.ItK TI.MBEId.AXn I Nl't iKMATU iN 



IS KKi'T von IS1-: m- tiik ja.mks n. i.ackv timuku roMi-ANv 



meiit of tlic Interior, ami in oliarge of the examination of proposed 

 forest reserves under the direction of the Bureau of Forestry. Dur- 

 ing the winter term of 1904-1905, he took a special course in forestry 

 at Yale Forest School ; resigned from the service the latter part of 

 1905. and became associateil with James D. Lacey & Co. the follow- 

 ing year. During his career he has visited almost every forested 

 district in the western state.^, 'acquiring wide jiersonal knowledge of 

 the conditions with which he deals. 



W. G. Collins is Mr. Langille's first lieutenant and is assistant 

 manager of the Portland ofBce. Mr. Collins was originally engaged 

 in newspaper work, and in January, 1906, located in Seattle, Wash. 

 He was first employed in the logging camps of the Kerry Mill Com- 

 pany as "whistle boy" and worked up to the position of general as- 

 sistant to the logging foreman. In 1907 Mr. Collins accepted a detail 

 with the Lacey organization, again beginning at the bottom, as camp 

 clerk, compassnuin and cruiser, and for a period of four years aver- 

 age! about eleven months out of every twelve in the woods. In the 

 autumn of 1911 he was made assistant manager of the Portland oflice, 

 ami has had particular charge of the' estimating and reporting end 

 of the business, directing the crews in the field and giving close atten- 

 tion to the development of a highly ellicient timber estimatirg and 

 valuing organization. Through tlic ilesire of the Lacey organiza- 

 tion to keep in close touch witli the tendencies of modern business, 

 in so far as they bear upon the ])roblems of the hunber in lustry. they 

 gave Mr. Collins a special course at the Harvard Graduate School 

 of Business Administration, which he completed, with credit to him- 

 self, in .lane of this year. 



H. AV. Bawilen represents the organization at its Seattle ofiice. 



A.NdTlllOlt Ob' THE FILING HOOMS WHKKE INFOnMATION IS KEPT 

 KOI! CSE UF TIIK J.\.\Ii;.S 1). LACEV TI.MliEU CO.MI'ANV 



Mr. Bawden has been identified with the lumber industry ever since 

 ho completed his higli school work at Davenport, Iowa. The day 

 following his graduation he entered the employ of Lindsay & Phelps, 

 and during his connection with them gained a very complete knowl- 

 edge of the dififerent grades of lumber, freight rat«s, weights, etc. 

 During this time Lindsay & Phelps turned their attention to timber 

 purchases in the South and on the Pacific coast, and Mr. Bawden 

 accompanied their cruisers in the examination of the timber that ha<l 

 been purchased, both South and West, and gained a practical insight 

 into the outside matters of the firm. He was with Lindsay & 

 Phelps for about fifteen years, and later spent some time with the 

 Cloquet Lumber Company, of Oloquet, Minn. From Cloquet he went 

 to Mount Sterling, N. C, as general manager of the Pigeon River 

 Lumber Company, then located at that point. In 1907 he was made 

 manager of the Seattle oflice of the Lacey organization, which he has 

 served since that time. 



A careful examination of the situation convinced the organizers 

 of the James D. Lacey Timber Company that the various needs of 

 financial aid and demands of capitalists for safe investments could be 

 correlated by the proper agency. To perform a genuine service an 

 agency acting in this capacity must know the timber and lumber 

 business in all its branches; must have financial strength, and must 

 )iosse!-s the full confidence of all concerned in every tr.-insaction it 

 handles. A recognition of the above requirements led to the forma- 

 tion of the James D. Lacey Timber Company for the purpose of 

 dealing in timber, timber bonds and timber investment securities. 

 The company is equipped to serve and its facilities are placed at the 

 command of all lumbermen and timber owners who need and deserve 



rUIVATE OKFICK OF VICTOI! TIIUANK, VICIM'KESl DE.NT 



ritlVATF, (HFKI: OF .1. W. Mr< IKI )V, SECRETARY 



