BOND CIRCULARS 347 



in their report, advise us that in respect to quality of tim- 

 ber, accessibility and economies of logging, it is one of the 

 best timber properties they have ever examined in the 

 South. 



This Mortgage to the Interstate Trust & Banking Com- 

 pany, New Orleans, La., Trustee, is a first lien on about 

 170,000 acres of virgin timber lands (70 per cent, owned 

 in fee), exceptionally well grouped, heavily timbered with 

 long-leaf yellow pine and hardwoods, located in Jackson, 

 Ouachita, Caldwell, Winn, Grant and La Salle Parishes, 

 Louisiana (see map attached for location) and three mod- 

 ern mill properties. 



TIMBER ESTIMATES. 

 The timber properties under this mortgage have been 

 cruised and estimated by Messrs. James D. Lacey & Com- 

 pany, Public Estimators, Chicago, who estimate that on the 

 approximately 170,000 acres of land above mentioned and 

 examined by them, there is contained the following kinds 

 and amount of timber, namely: 



Pine 1,167,522,343 ft. 



Hardwoods 70.539,000 ft. 



Total timber 1,238,061,343 ft. 



They also state that from their examination of the 

 properties, they do not hesitate to say that in respect to 

 quality of timber, accessibility and economies of logging, 

 it is among the best timber properties they have ever ex- 

 amined in the South. 



MANUFACTURING PLANTS. 



The three mills of the company are located and equipped 

 as follows: 



Eros — A double-band saw mill, steam dry kilns and 

 planing mill, with a daily 10-hour capacity of 100,000 ft. 



Jonesboro — A double-band saw mil], steam dry kilns, 

 planing mills, sheds, etc., with a daily 10-hour capacity of 

 100,000 ft. 



Rochelle— Two double-cutting Taand mills and gang, 

 steam dry kilns, planing mills and shed room, with a 

 daily 10-hour capacity of about 175,000 ft. 



These plants are situated ou the line of the Tremout 

 & Gulf Railway, which connects with the following trunk 

 lines: 



The Vicksburg, Shreveport & Pacific Ry., at Tremont, 

 La. 



The Chicago, Rock Island & Pacific Ry., at Jonesboro, 

 Dodson and Winnfield, La. 



