368 TIMBER BONDS 



This is the oldest lumber manufacturing company in 

 Texas. They own 75 per cent, of the Thompson Brothers 

 Lumber Company, which owns about 39000 acres of vir- 

 gin long leaf yellow pine timber lands in Tyler County, 

 Texas. This company is now completing a large modern 

 lumber manufacturing plant at Doucette in place of the 

 one recently destroyed by fire. The Thompson & Ford 

 Lumber Company is largely owned by the Thompson 

 Brothers. J. Lewis Thompson is president and general 

 manager. This company operates one of the largest and 

 most modern lumber manufacturing plants in Texas, at 

 Grayburg, and owns in fee simple and by long time 

 leases the standing timber on about 51,000 acres of 

 virgin short leaf yellow pine timber lands in Hardin, 

 Liberty and Jefferson Counties, Texas. 



It is the opinion of J. Lewis Thompson, general man- 

 ager of all the Thompson companies, and who has per- 

 sonally inspected the timber lands owned by the companies, 

 that they will safely cut two billion (2,000,000,000) feet of 

 merchantable lumber. 



FIRE HAZARD. 



Timber located in the Southern States has never been 

 destroyed by fire. This statement will be verified by lum- 

 bermen and other persons familiar with southern timber. 

 Any serious damage by fire is impossible because of the 

 absence of undergrowth and the height of the trees. This 

 is one of the most important facts in connection with this 

 security. 



DATES OF PAYMENT. 



These bonds are issued in denominations of $1,000 and 

 $500 each, and are due and payable each six months. (See 

 first page.) All or any of the bonds may be paid at any 

 interest period prior to maturity on sixty days' notice at a 

 premium of 3 per cent, and accrued interest. 



All bonds offered by us are subject to sale, change of 

 price or withdrawal. We use our best endeavors to care- 

 fully examine the details connected with the bonds offered, 

 and while we do not guarantee information and statements 

 in our letters and circulars regarding securities, they are 

 the expressions of our belief, or are statements that have 

 been made to us from what we consider reliable sources 

 and upon which we have acted. We can furnish the writ- 

 ten opinion of our attorneys on each issue. Orders for 

 bonds may be telegraphed at our expense. Bonds delivered 

 to purchaser, express prepaid, payable in New York or 

 Chicago exchange. 



