372 TIMBER BONDS 



plants, now in operation, at Marshfield (Coos Bay). 

 Oregon, and two large plants and standard gauge 

 railroad to be constructed in connection with the tim- 

 ber holdings in California. 



We offer, subject to prior sale, at par and interest, $3,000.- 

 000 6 per cent. First Mortgage Gold Bonds of the 

 C. A. Smith Timber Company, of Marshfield, Ore. 

 Principal and interest guaranteed by C. A. Smith, Min- 

 neapolis, Minn. 



Dated April 1, 1908. Coupon bonds, $1,000 and $500 each. 

 Principal may be registered. Bonds mature: 

 $100,000 October 1, 1909 $200,000 October 1, 1913 



100,000 April 1. 1910 200,000 April 1, 1914 



100,000 October 1, 1910 200,000 October 1, 1914 



200,000 April 1, 1911 200,000 April 1, 1915 



200,000 October 1, 1911 200,000 October 1, 1915 



200,000 April 1, 1912 200,000 April 1, 1916 



200,000 October 1. 1912 200,000 October 1, 1916 



200,000 April 1, 1913 300,000 April 1. 1917 



Principal and interest payable at Central Trust Company 

 of Illinois, Trustee, Chicago. 



Mr. C. A. Smith, who personally guarantees the payment 

 of the principal and interest of these bonds, is one of 

 the largest Individual owners of timber lands in the 

 United States. Mr. Smith has been for the past twenty 

 years, and is at the present time, one of the largest and 

 most successful manufacturers of white pine lumber in 

 the North, at Minneapolis, Minn. 



THIS MORTGAGE 



To the Central Trust Company of Illinois, as Trustee, 

 is a first lien on the following virgin timber lands owned 

 in fee simple: 



30,480 acres of redwood timber lands in Humboldt 

 County, California. 



45,320 acres of sugar and yellow pine timber lands in 

 El Dorado County, California. 



61,760 acres of fir, cedar, spruce and hemlock timber 

 lands in Coos, Curry and Douglas Counties, Oregon. 



10,640 acres of fir, cedar, spruce and hemlock timber 

 lands in Lincoln County, Oregon. 



8,000 acres sugar and yellow pine timber leases in El 

 Dorado County, California. 



Total, 156,200 acres. 



The above tracts of timber lands are all well grouped, 

 and compare favorably as to location and accessibility, 

 quality and density of growth (which three factors deter- 

 mine the value of timber lands) with the best holdings on 



