r 



ffherever good timber is locat- 

 ed it will be worth more in ten years 

 than it is worth today. 



IVhat you want to know is how much 



more whether it will pay all charges and a profit- 

 whether you should buy, sell, hold, sacrifice or be firm. 



No one can give you better advice than 



James D. Lacey & Company. We either know al- 

 ready all there is to know about your prospective pur- 

 chase or sale or can find out to your entire satisfaction. 



A LACEY REPORT is as near the ultimate timber truth as it 

 is possible to get. 





WAT/OffAL T/M B i^LAA/D jf FACTORS 



IN / & q o 



CHICAGO 

 1750 McCtrmUi Hld f . 



L 



NEW YORK 



30 East 42nd Street 



SEATTLE 



626 Henry Bldg. 



