TIMBER LAND FACTORS 



This is our 40th anniversary year 



Just another milestone in a long record; but the kind of stability which 

 maintains close business relations with individuals and companies for more than 

 a generation does not happen by mere chance. Only satisfactory service could 

 so long survive. It gives, too, an accumulated wealth of data and experience, 

 which is at your service to-day. 



Through these many years, the man who visioned the field and functions of 

 FACTORS in timber lands has remained the inspiration and head of the organi- 

 zation he created. James D. Lacey has built his own success and that of many 

 clients on foresight and confidence in timber. Seldom is it granted an indivi- 

 dual to cover so wide a field, and to participate so long and actively lin the de- 

 velopment of a basic industry. 



As Timber Land Factors, we have followed the development and migration 

 cf the lumber industry through all regions to its last frontiers, which are largely 

 in Canada to-day. A basis of judgment has been formed as to what to buy and 

 where, which is predicated on long experience in analyzing the complex factors 

 involved. This judgment might be applied to your business advantage in some 

 cf your problems or plans. 



But our business as FACTORS has called for the development of 

 associated service. Our Timber Cruising and "Lacey Reports" establish 

 a reliable foundation for the purchase or operation of timber properties; 

 in dur Timber Security business, as conducted by The James D. Lacey 

 Timber Company, we underwrite high-class issues, which have passed 

 our own critical inspection. 



In a newer field, we now offer Forest Engineering Service in all branches, 

 and are prepared to undertake the Management or Supervisdon of select operat- 

 ing enterprises. 



With well founded confidence in the future greatness of I 

 Canada, we are ready to expand an already extensive service in \ 

 the conservative devdopment of her great forest resources. t 



If you wish your name put on the list to receive the 

 LACEY TIMBER DIGEST, simply write to the nearest office. 



JAMES D. LACEY & CO. 



7 Kiist 42 Street, 

 NEW YOKK riTY. 

 (1HICACO. . . . SI<:ATTM-1. . . I^OIITI^^ND, Ore. 



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 Mention the Forestry Magazine for your identification. 



