BOND CIRCULARS 435 



EXHIBIT NO. 19. 



CLARK L. POOLE & CO., 



BANKERS, 



CHICAGO. 



GUARANTEED FIRST MORTGAGE TIMBER LAND 



BONDS. 



Secured by absolute First Mortgage on about NINETY MIL- 

 LION feet of merchantable hardwood and pine timber 

 standing on lands OWNED IN FEE SIMPLE, located 

 in Botetourt County, Virginia, on the main line of the 

 Norfolk & Western Railroad. The mortgage is also a 

 first lien on a modern Saw Mill, with a capacity of 50,- 

 000 feet per day, Railroad and equipment and logging 

 equipment. We appraise the market value of these 

 properties at $387,865, or over two and one-half 

 times the amount of this bond issue. 



We own and offer, subject to prior sale: $150,000 First 

 Mortgage 6 Per Cent Gold Bonds of the 



0. D. McHENRY LUMBER COMPANY 

 OF ARCADIA, VIRGINIA. 



(P. O. Indian Rock, Virginia.) 



Capital and Surplus over $185,000. 



0. D. McHenry, President. 



Hon. John G. McHenry, Vice-President, Benton, Pa. 



1. W. Edgar, Secretary and Treasurer. 



Principal and interest GUARANTEED by endorsement on 

 each bond by 0. D. McHenry, President, and I. W. Ed- 

 gar, Secretary and Treasurer. 



Dated March 1, 1910. Maturing in series each six months, 

 September 1, 1910, to March 1, 1918. Authorized issue, 

 $200,000. Present issue, $150,000. Escrow bonds, $50,- 

 000. 

 Bonds offered mature as follows: 

 $10,000 September 1,1910 $12,500 September 1,1913 

 10,000 March 1,1911 12,500 March 1,1914 



10,000 September 1,1911 12,500 September 1,1914 



10,000 March 1,1912 12,500 March 1,1915 



10,000 September 1,1912 15,000 September 1,1915 



10,000 March 1, 1913 15,000 March 1, 1916 



$10,000 September 1, 1916 



Principal and interest payable at Central Trust Com- 

 pany of Illinois, Trustee, Chicago. 



