Laymen Can and Do Safely Buy 



Timberland Through 



James D. Lacey & Co. 



Our record of reliability is so sound and 



the accuracy of LACEY REPORTS on standing tim- 

 ber so well understood that laymen who do not know 

 a Redwood from a Hemlock have repeatedly invested 

 large sums of money in timberland solely on our 

 recommendation . 



Not one of these investors who have fol- 

 lowed our advice has had cause to regret it. 



The reason is that we know whereof we 



speak or we speak not. 



CHICAGO 



1750 McCormick Bldg. 



NEW YORK 

 30 East 42nd Street 



SEATTLE 

 626 Henry Bldg. 



