352 



TIMBER BONDS 



LINN & LANE TIMBER COMPANY 



(Operating in Oregon) 



First Mortgage Serial 6% Gold Bonds 



Dated June 6, 1910. Due serially, maturities as below. 



Interest payable in Chicago June 1st and 



December 1st. 



Principal and interest guaranteed by Endorsement by 



CHARLES A. SMITH, MINNEAPOLIS, MINN. 



MATURITIES. 



$25,000 

 25,000 

 25,000 

 25,000 

 25,000 

 25,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 



Dec. 



June 



Dec. 



June 



Dec. 



June 



Dec. 



June 



Dec. 



June 



Dec. 



1,1911 

 1,1912 

 1,1912 

 1,1913 

 1,1913 

 1,1914 

 1, 1914 

 1, 1915 

 1,1915 

 1,1916 

 1,1916 



$50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 



June 1, 

 Dec. 1, 

 June 1, 

 Dec. 1, 

 June 1, 

 Dec. 1, 

 June 1, 

 Dec. 1, 

 June 1, 

 Dec. 1, 

 June 1, 



1917 

 1917 

 1918 

 1918 

 1919 

 1919 

 1920 

 1920 

 1921 

 1921 

 1922 



$50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 50,000 

 75,000 

 75,000 



Dec. 



June 



Dec. 



June 



Dec. 



June 



Dec. 



June 



Dec. 



June 



1,1922 

 1,1923 

 1,1923 

 1, 1924 



1. 1924 



1. 1925 

 1, 1925 



1. 1926 

 1,1926 



1. 1927 



The following letter has been addressed to us by Mr. 

 Chas. A. Smith: 



Dear Sirs: — 



In compliance with your request for information rela- 

 tive to the $1,500,000 6 per cent. First Mortgage Gold Bonds 

 of the Linn & Lane Timber Company, recently sold you, I 

 submit the following: 



SECURITY. 



The Linn & Lane Timber Company was organized as a 

 timber investment company, and now owns free of any 

 incumbrance, other than the first mortgage bond issue, at 

 least 70,000 acres of timber land together with 3,500 acres 

 upon which the timber only is owned. Of this acreage 

 owned in fee, approximately 35,000 acres are located in 

 Coos, Douglas, Curry and Lincoln Counties, and approxi- 

 mately 35,000 acres in Linn and Lane Counties. The 

 above tracts of land are well located for economical opera- 

 tion and have stood a severe examination as to quality 

 and quantity. All of this property, including the timber 

 mentioned above, is covered by the first mortgage Hen of 

 the bonds sold to you. The lands contain, according to 

 my own estimate and belief, in excess of 5,000,000,000 feet 

 of timber, the largest part of which is fir. I value the 

 whole property at not less than $5,000,000. 



The timber in Linn and Lane Counties is practically 

 in one compact tract and lies only about 20 miles east of 



