BOND CIRCULARS 



401 



is considerably In excess of the amount of the entire issue 

 of bonds of the B. & S. Heinemann Timber Company. 



Yours very truly, 

 (Signed) SIG. HEINEMAN, 

 Secretary B. & S. Heinemann Timber Co. 

 Telegraphic orders may be sent at our expense. 

 Bonds will be shipped to any responsible bank, express 

 prepaid, payable in Chicago or New York Exchange. 



All statements herein are official or based on informa- 

 tion which we regard as reliable, and while we do not 

 guarantee them, they are the data upon which we have 

 acted in the purchase of these securities. Bonds are 

 offered subject to prior sale and advance in price. 

 McCOY & COMPANY, 

 105 So. LaSalle St., 

 Chicago. 



EXHIBIT NO. 10. 



Charles M. Smith & Company, Bonds for Investment, 

 First National Bank Building, Chicago. 



This issue of bonds is a legal investment for Michigan 

 savings banks and trust funds. 



We own and offer $450,000 closed first mortgage six 

 per cent, serial gold bonds issued by The Tennessee 

 Timber Co., Prendergast, Tenn., guaranteed by The 

 Prendergast Company, Marion, Ohio. 



Dated January 1, 1911. Due serially as shown below. 

 Interest coupons payable January and July 1st, at 

 First National Bank of Detroit, or First National 

 Bank of Chicago. Redeemable on any interest date 

 after sixty days' notice at 102 and interest. De- 

 nominations, $500 and $1,000. Principal may be 

 registered with the Trustee. Bonds mature as fol- 

 lows: 



$20,000 July 1, 1911 



20,000 January 1, 1912 



20,000 July 1, 1912 



20,000 January 1, 1913 



20,000 July 1, 1913 



20,000 January 1, 1914 



20,000 July 1, 1914 



20,000 January 1, 1915 



20,000 July 1, 1915 



$25,000 July 1 



25,000 January 1 



25,000 July 1 



25,000 January 1 



25,000 July 1 



25,000 January 1 



25.000 July 1 



25,000 January 1 



25,000 July 1 



25,000 January 1 



1916 

 1917 

 1917 

 1918 

 1918 

 1919 

 1919 

 1920 

 1920 

 1921 



20,000 January 1, 1916 



Price par and interest, yielding six per cent 



SECURITY. 

 The mortgage to the Security Trust Company, of 



