28 TIMBER BONDS 



desirable. Plants located so they can ship by 

 rail and water are the choicest risks. Plants 

 located on a line that suffers from chronic car 

 shortage should be avoided. Plants located on 

 a line that is short on motive power should be 

 avoided. Each lumbering enterprise has its in- 

 dividual points that must be scrutinized and 

 these features will be brought out in the expert 

 reports of auditors, cruisers and attorneys. 



