1 



Bankers Often Make a Loan 

 Solely on a Lacey Report 



Many bankers will hardly consider making a loan 



in the absence of a favorable LACEY REPORT. Having made unsatisfac- 

 tory transactions on the basis of an ordinary "timber cruise" they are, not un- 

 naturally, disposed thereafter to seek the nearest possible approach to scientific 

 knowledge of the facts. This is to be found in a fiull LACEY REPOR T. 



U^hile not all bankers are as yet sufficiently well 



versed in timber matters to appreciate fully the security offered them by the 

 facilities of Lacey & Company, the possession of a full and favorable LACEY 

 REPORT on your holdings will usually greatly enhance their value as a basis 

 for financial transactions. 



Of course there are several degrees of completeness of 



LACEY REPORTS determined by requirements and cost. Careful bankers, 

 therefore (like careful buyers and sellers), insist on the full LACEY 

 REPOR T. Very glad to send you our book of ' ' Pointers. ' ' Write for it. 



CHICAGO 

 1750 McCormick Bldg. 



SEATTLE 

 Henry Bldg. 



NEW ORLEANS 

 1213 Whitney-Central Bldg. 



