422 TIMBER BONDS 



C. B. Benedict, Conasauga, Tenn., President and General 

 Manager of Conasauga Lumber Company. 



M. F. Greene, Nashville, Tenn., Vice-President of Cona- 

 sauga Lumber Company, and Secretary and Treasurer of 

 The Davidson. Hicks & Greene Company, Lumber Mer- 

 chants, Nashville, Tenn. 



John Byrns, Cincinnati, 0., Secretary and Treasurer of 

 Conasauga Lumber Company. 



Walter Keith, Nashville, Tenn., Vice-President of Fourth 

 National Bank of Nashville, and owner of a large interest 

 in Keith, Simmons & Co., Nashville, Tenn., dealers in Hard- 

 ware and Mill Supplies. 



John W. Love, Nashville, Tenn., of Love, Boyd & Co., 

 Lumber Merchants. 



Arthur B. Ransom, Nashville, Tenn., President of John 

 B. Ransom & Company, Lumber Merchants, and of Nashville 

 Hardwood Flooring Company, manufacturers of flooring. 



C. H. Benedict, Nashville, Tenn., retired capitalist. 



Since its organization the company has been continu- 

 ously and profitably engaged in the manufacture of lumber. 



SINKING FUND. 



The trust deed provides that before any timber is cut 

 the company must pay to the Trustee as a sinking fund for 

 the redemption of bonds, $3.00 per thousand feet, according 

 to the timber estimates on file with the Trustee. After re- 

 moval of timber the land may be released by the Trustee 

 on payment of $3.50 per acre into the sinking fund. 



The sinking fund is sufficient to retire all the bonds 

 before sixty per cent of the timber mortgaged has been cut. 



FIRE HAZARD. 



Timber located in the southern states has never been 

 destroyed by fire. Absence of undergrowth and height of 

 trees renders any serious fire damage impossible. 



EXAMINATION. 



Before purchasing this issue we made a thorough per- 

 sonal investigation of all of the conditions on which the 

 security depends. All titles to the property have been 

 carefully examined and approved by competent attorneys, 

 under whose supervision the mortgage was drawn and the 

 bonds issued. 



Copies of trust deed, attorney's opinion, detailed timber 

 estimates, and other data pertinent to the issue may be 

 seen at our office. 



All statements herein are official or are based on infor- 

 mation and data believed by us to be trustworthy and 



