H i 



HENCE : RESOURCES : PRECISION 



This is 1917- Not 1817 



Only of comparatively late years have we of the 



lumber and timber indies try begun to adopt modern methods. In 

 all too many cases we have not yet begun. 



The latest types of management, machinery, manufac- 

 turing methods, reclamation of by-products 3 merchandising and 



advertising still have been adopted all too grudgingly. 



So in the buying, selling and estimating of timber- 

 lands the 37 years' experience of James D. Lacey &? Company 

 represent by far the most successful effort to improve on the methods 

 of a century > ago, a LACEY REPORT remains the one real 

 guarantee of virtually accurate knowledge of stumpage values, and the Interna- 

 tional Files of James D. Lacey & Company constitute by far the greatest exist- 

 ing body of facts concerning timber land (both in and out of the market). 



All our facilities are at your service in any timber- 

 land transaction. It often transpires that we know more about a 

 tract of timber than the owner of it. 



We should be pleased to send 

 you our Booklet, Pointers. " 



?NAT/ONAL T/MB&fSLAND rf FA CTORS 



JT 



IN 



' e S O 



CHICAGO 



1750 McCormick Bldg. 



SEATTLE 



626 Henry Bldg. 



NEW ORLEANS 



1213 Whitney-Central Bldg. 



