A Safe, Permanent s Profitable Investment 



THE SAN PABLO COMPANY offers an inrestment as safe, as permaueut and many times more profit- 

 able than government bonds or bank stock. The Company owns 288,000 ACRES OF MAHOGANY, LOG- 

 WOOD, SPANISH CEDAR, ROSEWOOD AND GRAZING LANDS, situate in the State of Campeche, Old 

 Mexico, with 24 miles of coast line, and excellent shipping- facilities. 



AN ESTABLISHED DIVIDEND PAYING BUSINESS. 



The company owns 750 head of cattle, 209 head of mules, 106 work oxen, a central group of permanent stone 

 buildings, like a small town, administration buildings, dwellings, a church, sugar mill, store houses, carpenter 

 shop, blacksmith shop, a telegraph station, and the houses of employees, scattered over the estate. 



Over 100 miles of good roads have been opened up at a large expense. Twelve miles of tram railway run 

 from the principal houses to the beach and a sufficient number of cars for transporting the logwood, mahogany 

 and cedar timber, to the shipping station. There are 85 families now employed. These improvements have 

 cost the former owners of the estate several hundred thousands of dollars. 



WE EXPECT TO INSTALL A SAWMILL of 

 sufficient capacity tc' saw up large quantities of tim- 

 ber, to be marketed in Mexico. 



WE INTEND TO RAISE ALL THE PROD- 

 UCTS NECESSARY to feed all laborers and their 

 families and sell the same in the stores of the 

 company. 



Hon. Milton H. Lets of Columbus Junction, la., a 

 successful cattle rancher of many years' experience 

 has contracted to reside upon and manage the estate. 



Mr. W. H. Bell, for many years a practical Fancy 

 hardwood man, also has contracted to go to Mexico 

 and reside upon the property and will take chirge of 

 the timber and dyewood operations. 



With the plans, outlined above, carried out and 

 under such a management, it is certain that very 

 large dividends will be realized for our stockholders. 



LOGWOOD. 



Every ten years this enormous estate can unques- 

 tionably produce 250,000 tons of logwood. This is the 

 basis of all dyes and is absolutely essential in the 

 manufacture of all fine silk and woolen fabrics. 

 200 logwood cutters can produce annually on this 

 property 13,000 tons at a net profit of $200,000. In from 

 eight to ten years logwood grows from a sprig into a 

 marketable tree. San Pablo lands are logwood breed- 

 ing lands. The seeds falling fropi the matured trees 

 are buried by tropical rains and grow with wonderful 

 rapidity. There are millions < i young logwood trees 

 on this property always growing and maturing. The 

 world's area of accessible logwood breeding land is 

 very limited. The demand for logwood has been and 

 always will be greater than the supply. 



HAHOQANY, SPANISH CEDAR AND 

 ROSEWOOD. 



THE SAN PABLO PROPERTY has 60,000,000 

 feet of this very valuable and easy selling timber. 

 We do not include in this estimate any timber that is 

 unsound, nor any that will measure in diameter less 

 than 20 inches. This timber to-day does not cost 

 above $20 gold per thousand feet to fell, hew and place 

 at the shipping station, where the best of facilities 

 are afforded for its shipment, and it is worth not less 

 than S60 per thousand feet there. Two logs taken off 

 this property last year were valued at $3,000 gold. 



ESTIMATE VALUE OF REALTY, 

 DYEWOOD, TiriBER, ETC. 



Made by Mr. W. H. Bell, for many years a timber 

 expert engaged in getting out fancy hard woods in 

 the vicinity of San Pablo. 



Acres of land, personal property and improve- 

 ments, 288,000 acres at $5 $1,440,000 



Logwood, 250,000 tons at $15 3,750,000 



Mahogany and cedar timber, 60,000,000 feet at $40 



2.400,000 



Other fancy hardwoods. 400,000,000 feet at $20. 8,100.000 



Fustic, rubber, chicle, etc 1,000,000 



Total net valuation in gold 116,590,000 



inPROVEHENTS PLANNED. 



WHILE THE COMPANY WITH THE EQUIP- 

 MENT described above is able to guarantee and pay 

 dividends upon all stock sold, developments are 

 planned to make this a great enterprise. 



MORE LABORERS up to 1,000 will be added to 

 the 85 families now on the estate, thus enabling the 

 company to take out ten tit» es the present product. 



50 MILES OF ADDITIONAL LOGGING RAIL- 

 WAY will be built at once, reaching into the forests 

 of mahogany, logwood, Spanish cedar, and ether val- 

 uable woods. 



THE 750 HEAD of cattle now on the property will 

 be increased to several thousand. The cattle business 

 alone will soon pay a good dividend upon the whole 

 capitalization. 



ESTIHATED PROFITS. 



THE SAN PABLO ESTATE produced the past 

 year to its owners logwood, mahogany and cedar of 

 the net cash gold value of about $50,000, with but 85 

 men employed. 



In 1901 we expect have 300 men at work which 

 should produce a net profit of $150,000. 



In 1902 with SCO men, profits should be $300,000. 



These estimates do not take into account profits 

 from the sawmill, from cattle, from the company's 

 stores and other sources. 



More than 5,000 men should ultimately find profit- 

 able employment on this estate. 



DIVIDENDS GUARANTEED. 



THIS IS NOW AN ESTABLISHED DIVIDEND 

 PAYING BUSINESS and we are thus enabled to 

 guarantee dividends up to 6 per cent, to our stock- 

 holders, for the first two years, or during the develop- 

 ment period after which large dividends are assured. 

 Our stock is registered to prevent an over issue and 

 all responsible officers are under heavy bonds. 



THE BOARD OF DIRECTORS. 



L. M. Shaw, Governo- of Iowa. 



G. S. Gilbertson, Treasurer of Iowa. 



E. E. Hart, banker, and Iowa Republican national 

 committeeman. 



H. O. Weaver, chairman Iowa Republican state com- 

 mittee. 



J. E. Blythe, attorney. Mason City, Iowa. 



E. A. Morling, attorney, Emmettsburg, Iowa. 



C. H. Kelley. Judge 12th Judicial Dist., Iowa. 

 H. A. Merrill, banker. Mason City, Iowa. 



F. C. Letts, wholesale grocer and broker, Chicago. 



D. T. Denmead, banker, Marshalltown, Iowa. 



G. E. May, banker, Charles City, Iowa. 



H. M. Letts, Representative Iowa Leg'slature. 



F. W. Simmons, wholesale hardware, Ottumwa, Iowa. 



F. R. McMullin, manufacturer, Chicago. 



C. L. Willey, wholesale fancy hardwood, Chicago. 



W. E. Brice, railroad president. Mason City, Iowa. 



Kenneth E. McLaren, Jersey City, N. J. 



STOCK SOLD FOR CASH or on 15 MONTHLY INSTALLMENTS. Authorized Capital, 



$1,500,000 Shares, $5.00 each full paid and non=assessable. 



Call upon or write 



THE SAN PABLO COMPANY, 



Send for our illustrated pamphlet giving 

 photographic views of San Pablo. 



603=604 riarquette Building, Chicago, 111. 



