_. PaperShell Pecans/ / ereen MAY 29 1918 Paper Shell Pecans HE horticulturist of the Keystone Pecan Co., standing half way up in the long front row of our bearing pecan orchard. As far as the eye can see, stretch row after row of fine big pecan trees, many of which have borne over 200 pounds of pecans in a single season. What better evidence could you wish of the adaptability of soil and climate to Pecan growing? All illustrations of pecan trees in this book were made from photographs taken on our plantation of nearly 3000 acres in Calhoun County, Georgia. “The pecan is a nut of immense economic value. The pecan furnishes practically a balanced ration. It is a highly concentrated and highly nutritious food. Compared with round steak, it contains one-twelfth as much water, two-thirds as much protein, from four to six times as much fat and has between three and four times as great fuel value. Pecans contain most of the elements essential to the building of the frame and body tissues. The food value of pecans 1s rapidly becoming generally recognized and it will not be long before the pecan will be extensively used not only as a substitute for certain classes of food, such as meats, but also a substitute for food of all classes.” —United States Congressional Record, Jan. 12, 1917. Table of Contents PAGE INGO OWA VI AHOID WIN THEN) JANN gg Ac cnoodobiobodoagadnacoanecaaonuucoodesy Oh 2 (CONGRESSIONAL) RECORD — PEGAIN) SLUACTS§e-teeoh-tetsge-feierstr ie etsy : LScensmy INO s—ansno Iiermoy Nantes IDISGUGNINS S505 coc0gscescognangaconnooonuadooOn 5 IcESS AINTMAT) FIDESH—=NLOREY PEGAINIVIBAUeeraeierrsiieieietse es eieiieersientenasietere SulOu ns Wisy, America Must Ear ess ANTMAD JRCESE.. oe ac cies select cieie terete 7 Nur Mnat (Gives: Bar Ann Ait: NEEDED! PRODEENG 20 cyls se ele ctsteuslserveteletnetalstete 8 Nom Mira SuPERTOR! TO! AUNIEND AIS MENG Ein sietelerereleyeerelelceslercieicie Naisie neil teleicleie eisai ieietens 9 INUTS VERSUS! IBEBESTER ION severe crete tore, cae cle cred eke reu atste teats ee ay aerate 10 lalloyaanoy IMUNicdog IeNoYo)0) IDO NAMITUIGo oo sbonbedoagucopadeacbaodcoundgdassbaano4ccK II WENDY, sDINtESeAS) WiCGH J HOOD MPERBAGRE Ease ea seh recite cei eerie 12 Tue FINER THE Nut THE GREATER THE DEMAND............. i AO} ily AE AS, 2 HE PECAN—THE YEAR-ROUND) NUM terol aeracie meetin steht cieetener ree 15, 20 Wirtar IiSaTtHEsPAPER! SHELL eeECAIN I: sere ce eernieiictiaiticn either ire tit 16, 18 Tue Harpiest or Att Nut Tr 17 IfESS “PAPER SHELL) PECANS: aa. n0.- When you live amid such surroundings you really live. The country all about is so attractive that many a man in the North would be glad to pay $300 for an acre on which to build a southern home. If he planted on that acre only enough pecan trees to yield an average income of $18 per year, he would have six per cent. interest from his money. One tree should yield more than $19 per year, on an average, from the fifth to the twentieth year. Why be satisfied with a single tree when there is room for twenty trees and a small bungalow on your acre? One of our unit holders, Mr. N. H. Warschburger, Canton, Ohio, (in the foreground) admired so greatly the beauties of Lake Marcelia that he suggested that it he reserved for a villa site. Fine town nearby A southern home-site 44 This wagon con- tains about five hundred dollars worth of dormant pecan trees. Trans- planting is now in full swing; thous- ands of holes are dug, ready for these budded and grafted trees of the finest varieties of pecans. The Story of the Paper Shell Pecan. Letter from Herbert Marsh, Calgary, Canada, Feb. 9th, 1918, after a visit to our plantation in midwinter When my pecan trees get this size they will shelter me against want while I live in the balmy south. So large is this old, bearing orchard of the Keystone Pecan Co. that it took till lunch time to traverse it and take our photographs. My Dear Mr. Hess: Now that I am back in Calgary, I feel that the least I can do is to put briefly in writing, my impressions of your Georgia Plan- tation. I must admit that before I went down to see that plantation, | was mentally from Missouri. Before I originally invested in a Keystone Pecan Orchard I investigated the matter from every angle I could think of. I[ doubt whether any man who invested with you investigated more thoroughly than I did. But my friends kept reminding me that it is a long way from Calgary to Georgia. “Have you seen it for yourself?” they asked. Now I can say “Yes, I saw it all, and it all looks so good that if I had ten times as much money as | have, I would carry fifteen or twenty times my present acreage.’ Of course, it was a welcome surprise to find Albany such a fine, hustling town; with a climate all through this locality so mild that within four days after I left Calgary, where the temperature was 25 degrees below zero, I was going around without a coat or hat much of the time on the plantation. Oh, for a home in the Sunny South, on the shores of the beau- tiful Lake Marcelia! But to have such a home requires money. And after what I saw I know that my grow- ing pecan trees will earn me the money. I KNOW this now. Because I have seen so many big, bearing pecan trees right on your plantation, have examined the soil here and in various units on all parts of the plantation. Never before have I seen such soil. A man could scrape a hole deep as his knee by Keystone Pecan Company, Manheim, Pa. 45 the use of his shoe alone, and all through find it a black, rich loam of the kind that holds moisture. Yet the thousands of holes dug ready for the planting of small trees showed, in every case I examined, the same clay bottom and rich subsoil to which the deep descending pecan roots are so adaptable. I was astounded to see how deeply the pecan roots, but that tap root which it sends down so far underground is good assurance against drought and storms alike. After looking over the bearing orchards throughout this district ; after noting your ideal location, your more even char- acter of soil; your wonderful precision in planting which makes cultivation so easy, I am convinced that I am most fortunate to have become an investor in a Keystone Pecan Orchard. I have made notations on the pictures taken January 25, and I trust you will feel free to use 1918—during my visit these or my letter in your correspondence, Very truly yours, Herbert Mars. Below, the sales manager, plan- tation manager and horticulturist of the Keystone Pecan Co. in the young orchards. Above, Mr. Marsh and Mr. Hess alongside a four year tree, which is about twelve feet high and finely formed. Why your investment is secure 46 The Story of the Paper Shell Pecan. Investigate the Company — and its Officers Because the most conservative statement of yield from our pecan units sounds too good to be true, we have found that it was necessary to urge prospective purchasers to investigate every phase of the company. For this reason, the men who have invested most largely are always the men most capable of getting at the real facts—and act- ing on their own knowledge, lawyers, bank officials, doctors, den- tists, ministers, school-teachers, business-managers, merchants, bookkeepers and others of the most intelligent classes are becoming owners of one, five, ten and fifty unit orchards because their in- vestigation has shown: First. That the Company is financially. strong—a $150,000 corporation, which received its charter in 1911 from the Superior Court of Georgia. Subsequent to the incorporation, the Company purchased what its officers believed to be the finest plantation in Cal- houn County for its growth and development of Paper Shell Pecans. The plantation consists of 2,873 acres of land, which is being gradually developed and planted in Pecan Orchards. From the date of the purchase the Company has expended large sums of money annually upon the development of the property and each passing year sees a greater expenditure upon property development and permanent property improvement. Latest approved methods are sought and applied; and notwithstanding all this, the entire plantation is subject to a lien of only twenty-three thousand dollars, or almost exactly eight dollars per acre. For the purpose of safe- guarding the unit owners a special trustee was appointed whose duty it is to see that the company’s receipts from orchard sales are ap- propriated to the development of the orchards sold, the planting of new orchards and the reduction of the lien until the same shall have been extinguished entirely. This result will be achieved before the Company shall have conveyed one-half of its orchards,—a unique record among modern business concerns. The Trustee plan was specially devised for the protection of Unit buyers, and we know of no Company that has devised a safer plan. It is the production of the most careful consideration given in the interest of the Unit buyer. \When you are safe, we are safe also. Second. That the orchards are under capable supervision. The active officers of the Company were close students of pecan growing for years previous to IQITT. such as hoof and mouth disease. The pecan is of the hickory family. It defies drought and frost. Yet Pecan meat is growing in popularity, while the produc- tion of animal flesh fails to keep pace with the population.” Keystone Pecan Company, Manheim, Pa. 47 Realizing the fact that the making of profits depends in part on the skill of the orchardist, the Company employed as Superintend- ent of Orchards an educated, practical horticulturist, having a large pecan grove of his own, where he earned a reputation as an orchard- ist that secured him: highest recommendation of well known authori- ties. The fact that such a man accepted the position with the Keystone Pecan Company is a tribute to the possibilities of this plantation, for he is too ardent a lover of pecans and regards his reputation too highly to engage in an orchard proposition where there is the least element of chance. For a plantation manager they chose a man who knows every inch of the property, and who has demonstrated exceptional ability in handling the problem in all its phases. Third. That the Company has the character of soil, the kind of budded trees, and the shipping facilities needed to fill the demand for better grade pecans which come from all over America and abroad. The immediate district in which our plan- tation is located is the natural home of the pecan. Fourth. That this Company had recently proved by actual sales, made from advertising, that these finer grade pecans could be sold to the retail trade at prices fifty per cent. higher than most pecan growers secure for their finest product—because of superior quality of the nuts and superior methods of merchandising. Fifth. The Company has demonstrated also that its manage- ment is capable and efficient. Every one is interested heartily in the success of the orchards. All are men of unquestioned honor and ability; as inquiry in their home cities will prove. They are, as the following pages show, men old enough and experienced enough to capably manage the business, yet young enough to retain their business capacity and vigor for many years to come. The freight station on our planta- tion which enables us to ship prompt- ly and econ- omically over the Georgia Central Rail- road. 48 The Story of the Paper Shell Pecan. ELAM G. HESS Elam G, Hess, President of the Keystone Pecan Co., is a resident of Man- heim, Lancaster Co., Pa., and is well and favorably known, not only throughout Lancaster County, but in many parts of America. Mr. Hess, who is forty-one years of age, worked on his father’s farm in Lancaster County until he was eighteen years of age. He taught public school for five years, prepared for col- lege at Perkiomen Seminary, graduating in 1902, and in 1906 graduated from Gettysburg College. He had acted as a traveling salesman during his summer vacations for Underwood & Underwood, New York, and had built such a reputa- tion for fair dealing among the best class of trade that he was appointed field manager, along with Mr. Thomas F. Miller. After serving in this capacity for two years, he was sent to England to represent the same company. In his travels he was impressed with the opportunities which existed for finer grade pecan nuts, and began to make an exhaustive study of their produc- tion and their selling possibilities—one result of which has been the formation of the Keystone Pecan Company. Mz. Hess devotes his entire time to the success of the Company, and is an acknowledged authority on pecan nuts, their growth and their marketing. Reference: Keystone National Bank, Manheim, Pa. A. S. Perry, Secretary of the National Nut Growers Association, writes under date of February 2, 1918, to Mr. Hess: “I have noted with a great deal of pleasure your full page ad. in the January number of Physical Culture. “Such publicity is certain to be of great benefit to the entire industry, and I cannot resist the impulse to write you and thank you for it. “While | have never seen your place, yet | am familiar with the soil and other conditions in Calhoun County, and do not know of a better pecan country. “A. S. Perry, Sec’y.” Keystone Pecan Company, Manheim, Pa. 49 M. G. ESBENSHADE Enos H. Hess Second Vice-President of the Keystone Pecan Co. lives on the farm on which he was reared— R. F. D. No. 3, Lancaster, Pa. He is 48 years of age. He is noted as a truck farmer, selling his own products to Lancaster City consumers at famous Lancaster Markets, which he attends twice a week. Formerly a director of the Ideal Cocoa Company, Lititz, Pa. Reference: Farmers’ Trust Co., Lancaster Pa M. G. Esbenshade First Vice-President of the Keystone Pecan Co. lives on the farm in Lancaster Co. on which he spent his boyhood days. (R. F. D. No. 3.) He is noted throughout the county and beyond as a successful grower of tobacco and potatoes. He is 43 years of age, a graduate of Lancaster Business College, a director of the Farmers’ Association of Lancaster County, one of the founders of the Agricultural Trust Co. of Lan- caster, of which he is a director. In his extensive travels throughout the United States he has visited nearly every State. Mr. Esbenshade has received valuable first hand information on the growing and market- ing of large food crops—especially nuts. In 1895 he traveled widely in Florida, paying special attention to orange and citrus fruit eroves and pineapple fields, and in 1897 he worked with the large growers of wheat in Dakota and California and in the apple or- chards of Colorado. In 1905 he made another trip south, studying the groves along the Gulf Coast in which wild and seedling pecans were raised, since which time he has made several trips throughout the south with special refer- ence to Paper Shell Pecans. Reference: The pany of Lancaster, Agricultural Trust Com- Pa. ENOS H. HESS 50 The Story of the Paper Shell Pecan. F. G. Young Secretary and Treasurer of the Keystone Pecan Co. is a dealer in real estate and real estate invest- ment securities with offices in the Woolworth Building, Lancaster, Pa. After thoroughly in- vestigating the possibilities of nut culture, and especially pecan nut culture in southwest Georgia, and the constantly increasing demand for nut meat, became connected with the Key- stone Pecan Company. A native of Indiana, where he engaged suc- cessfully with the Blickensderfer Mfg. Co. with offices in Indianapolis, and subsequently at Cleveland, Ohio. He has resided in Lancaster for about twelve years, and is known as, a highly successful salesman. Reference: Union Trust Co., Lancaster, Pa. F. G. YOUNG Joseph Seitz Director of the Keystone Pecan Co. is a native of Lancaster Co., residing at Mount- ville, Pa., formerly a farmer, now a dealer in leaf tobacco. Reference: Northern National Bank, of Lan- caster, Pa. JOSEPH SEITZ Keystone Pecan Company, Manheim, Pa. on paar M. G. Hess Director of the Keystone Pecan Co. is 53 years of age. He resides at Manheim, Pa., and was for about twenty years cashier of the Keystone National Bank of Manheim. He is now Treasurer and General Manager of the Manheim Mfg. and Belting Co—a highly successful business. : Reference: Manheim National Bank. M. G. HESS Willis G. Kendig Director of the Keystone Pecan Co. is the well known corporation lawyer of Lancaster. He is widely known as a lawyer of keen discrimination regarding commercial enterprises, and the fact that he and so many associates from the richest agricultural county in the United States place their money in this Georgia pecan orchard is evidence of its worth. Mr. Kendig is 43 years of ag of Salunga, Pa., who also enjoyed a most excellent reputation in his f Reference: Fulton National Bank ; the son of a doctor eld. € 1 Joseph A. Phillips Director of the Keystone Pecan Co. Mayor of Mercersburg, Franklin County, Pa., age 58. He has been a seed merchant for twenty-seven years, doing a broad business, for which the first twenty-three years of his life— spent on the farm—has well fitted him, Reference: First National Bank of Mercers- burg. JOSEPH A. PHILLIPS on bo The Story of the Paper Shell Pecan. B. L. Johnson Director of the Keystone Pecan Co. resides in Allentown, Pa., and is Sales Mana- ger for that district—embracing important counties in Pennsylvania and New Jersey—for the Burroughs Adding Machine Company, a $16,500,000 corporation, which is known all over the world. Mr. Johnson is known throughout the Allentown district as a self- made man, who has at an early age held posi- tions of trust and responsibility because of his earnest and efficient work and his remarkable business judgment. Reference: Penn Counties Trust Co. B. L. JOHNSON Dr. J. S. Swartzwelder Director of the Ke is a prominent physician of Mercersburg, also territory as a conservative man. L. B. CODDINGTON ystone Pecan Co. a Bank Director, and is well known in nearby L. B. Coddington Director of the Keystone Pecan Co. is a resident of Murray Hill, New Jersey, where he has been successfully engaged in the Wholesale Rose Growing Industry for twenty- three years. The cut flowers from his green- houses are sold wholesale in’ New York City and Brooklyn and nearby towns He is a noted floriculturist, and one of the largest rose grow- ers in the United States. Reference: Summit Trust Co., Summit N. J. or & Keystone Pecan Company, Manheim, Pa. Thos. F. Miller Sales Manager of the Keystone Pecan Co. is 44 years of age. A graduate of State Normal School and also of Lebanon Valley College, and taught public school three years: He has had long, successful ex- perience in selling, and was sixteen years in the em- ploy of Underwood & Underwood, and was associated with Elam G. Hess, President of the Company, as Field Manager, appointing and drilling hundreds of suc- cessful salesmen for their Travel System. He resides in Allentown, Pa.; member of the Chamber of Commerce, of Allentown, and is favorably known as a man of high ability and good reputation. Note his letter below. Reference: Merchants National Bank. THOS. F. MILLER Thos. F. Miller 950 Jackson Street, Allentown, Pa. Allentown, Pa., May 24, 1915. Eram G, Hess, Pres. Keystone Pecan Co., Manheim, Pa. Dear Mr. Hes Your communication asking me to write a letter stating “How I became interested in Paper Shell Pecan culture and in the Keystone Pecan Company” received My interest in this new industry and my ambition to some day own a pecan orchard dates back before the Keystone Pecan Co. was in existence. My study of this improved nut, its food value, the whole world to supply, its advantages over other tree crops, in harvesting, packing, shipping, not perishable, besides the long life of the trees and the small expense of up-keep after the fifth year, and the wonderful yield satished me that it was the safest and most profitable industry I know. When you conceived and formed the Keystone Pecan Company with its co-operative plan I saw my opportunity and invested and purchased Units. Having been in business with you for so many years and knowing your capacity to plan big business and your ability to carry your plans to perfection, also the other members of the company being known as clean, honest and progressive business men, gave me explicit confidence. When you wanted me to become sales manager I decided to visit the plantation. In Oc- tober, 1913, in company with some of my friends, I made my first visit. We were delighted beyond expression with everything. Competent management which seemed to be working out a perfect system. The trees and tons of pecans and acres of vigorous thrifty young trees was evidence enough to convince anyone that this is the soil and climate where pecans do their best. My friends with me invested, and to my knowledge every one who has visited the plan- tation since has invested as much as their circumstances would pernuit. Some have assumed heavy obligation so that they and their family would be provided with a permanent and in- creasing income through life and possibly a century or more thereafter. We feel that we must work hard now to support our units for a short time, but later they will work for us and sup- port us. The enthusiasm of those who have been on the plantation and investigated and know the men back of it, and who have invested their own money, is the stronge of the merit of the proposition Yours sincere THOS. F. MILLER: t kind of evidence Productive land—yielding needed food of highest value 54 The Story of the Paper Shell Pecan. Another View of Lake Marcelia, giving a better idea of its twenty-five acre expanse of clear, limpid water fed by crystal springs. No Investment Could be Safer Think it over. Let your own judgment decide. Ask yourself these questions in regard to any investment you have under con- sideration. What is the security back of my investment? In the Key- stone Pecan Co. there is an acre of land which becomes yours on the vayment of $300. Remember this—you own the acre of land itself. Land is the safeguard of this safe investment. Land can- 1ot burn up, cannot be stolen; land cannot be wiped out by panics. The biggest trusts base their bond issues and their mortgages on and—yet the manufacturing plants which are built on that land may, due to panic, fail to produce enough to pay interest on the bonds or mortgages. Many of the largest industrial companies have suspended or decreased dividends since the European War started— yet nature continues to provide foodstuffs and man still needs to eat them. Productive land is the best of land investments. Tree crops are the profitable crops, which make land most productive. Note that the Country Gentleman tells of single trees making more human food than a whole acre of Kentucky blue grass. Orders Twelve Pounds — Wants Prices on Larger Quantities “Have also received the box of Hess Pecans, which I find satisfactory as illustrated in every respect. Kindly send me a 12 pound carton of same variety. \lso kindly give me your prices on larger quantities.” A. B., Portland, Oregon ot Keystone Pecan Company, Manheim, Pa. 5 The pecan is the surest of profitable crops—because after the first five years, during which we assume all the risks, the pecan requires practically no attention. Gathering the nuts and selling them represents the bulk of the effort required after the first five years. You cannot be deceived on this score—hecause we bind our- selves by contract to do this work for 12% per cent. of the profits. Would we deceive curselves—could we afford to take any chances if we did not know that the pecan is as hardy a tree as the hickory or oak, and a surer profit payer than any other crop of any sort ? We could not give such a guarantee on a fruit tree—for every farmer knows that apples and peaches are subject to many perils of frost, storm, blight, borer, and of loss in shipment. Pecans are hardier than hickory nuts, they cannot be shaken off the tree till ripe. Citrus fruits—like oranges and grape fruit—are liable to frost, and spoil so quickly that it is impossible to hold them long before marketing. Paper Shell Pecans can be held a year without losing their delicious flavor and nutritive value; for nature has provided them with a perfect container (shell) which shuts out impurities and prevents deterioration. There can be no glut of fine pecans—because they can be raised only in limited territory, they have the whole world for a market and the whole year for a selling season. As the famous Luther Burbank well says (see page 19) : “We have now one pecan where we ought to have a million to create a market.” An assured increasing market for perfected pecans, at an ex- cellent profit, is back of every dollar you invest here. Who Should Invest in Pecan Orchards ? To provide an income for later years, “He must,” says the American Fruit and Nut Journal, “look to a business that will in- crease in value and returns. The improved Pecan orchard fulfills all these requirements. It is safe, pays little at the beginning, but increases its income gradually, and when ten or fifteen years old will yield ten times more than the same money would in almost any other business.” “On many articles of food, from meats to fruits, the cost of loss in trans- portation eats the heart out of the profits. Pecans require no refrigeration; kept in any cool, dry place without loss or deterioration, can be shipped all over the world—fear no competition from abroad for they are grown only in the most limited districts in America.” The young man The man of middle-age and above Husbands and parents Business and professional people — all men or women with foresight 56 The Story of the Paper Shell Pecan. Who Should Invest in Keystone Pecan Orchards ? (Continued from page 55.) To provide now while his earning power is at its greatest, for those years when his energy begins to ebb—let him plant his money where it grows. As ]. B. Wight said before the American Pomological Society: “‘Plant a pecan grove, and when you are old, it It will lighten your burdens while a ek will support you.” * here, and when you are gone your children and your children’s chil- dren will rise up and call you blessed.” To provide an annuity for their wives and families, which will exceed in annual return any equal investment for the purpose and which will yield a growing income each year. No father wants to look forward and see the home broken up for lack of income, the wite deprived of comfort and the children deprived of education— because he put off till the morrow, which never comes, this invest- ment for their protection. Business and professional incomes vary greatly. There should be some provision for the years of reduced earning power—when conditions beyond your control cut to a mere fraction the satis- factory income of last year. Because pecan orchards have their foundation in land, because Nature yields her crops abundantly de- spite wars and panics, because the demand for Hess Pecans, which we have proved within, was not affected by the hard times in the winter of 1914-15, you know that here is a dependable source of income. ‘The period of uncertainty on pecans is the first five years —when we assume the risk! “For want and age save while you may, No morning sun shines the whole day,” Are you saving for the “rainy day?” and insist on a fair answer. says Ben Franklin. yourself that question Accept no excuses—excuses will not provide for you and your loved ones in years to come. Don’t say, “Tl begin to invest when I get a larger income.” If your income were reduced a tenth to-day—you would manage to live on the balance. Put that tenth now where it will protect you against ‘‘the slings and arrows of outrageous fortune.” Orchard Unit Applications are Enclosed for Your Convenience. Select which you may desire, full cash payment or deferred payments. Keystone Pecan Company Northern Office Southern Office, on our Plantation Woolworth Building, Lancaster, Pa. Calhoun County, Georgia President's Office Manheim, Lancaster County, Pa. Please mail all Applications and Checks to Keystone Pecan Company, Manheim, Lancaster County, Pennsylvania DEFERRED PAYMENT Pecan Orchard Unit Application To ELAM G. HESS, Pres. Keystone Pecan Co. ste ea eee MOE ma LOM Manheim, Pa. Thereby apply foo... Orchard Units of the Keystone Pecan Company, How Many situate in Calhoun County, Georgia, and I agree to pay for the same at the rate of Three Hundred Dollars ($300) per Unit, as follows: A CN a Mme eLearn My Dollars accompanying this application, the receipt whereof ($10 for a unit desired) ts hereby acknoWledged by the Company, and c-e.co--000.0.--- eevee Dollars per (35 per month per sen) month, payable on the first of each and ebery month until the entire purchase price is paid, at Which time I am to receibe a Warranty Deed in fee simple for the Units pur- chased. It is understood that each Unit shall be planted to twenty (20) Paper Shell Pecan Trees of the standard varieties. If my payments are made promply on the first day of each month, the Company hereby agrees that my Units shall become full paid in case of my death, as fully explained on the reberse side of this application. Signed ceseceerce pre oa SOS CRRRECEELS Beemer scper ee aes : Application accepted for the Company by Street and No. 20 City and State. wees pal Paipalistend ewe EN EWN /NISISEUBNI AF WENANEN ENDS ARENINENANE NENA NZ MININIRANZNINOAANALENENENESE NACA NTNENENANINEN OOS RI ADNANENIRINENLVENEULINISI CISDAU ST UO Xs str eooe CASH PAYMENT — 10% DISCOUNT Pecan Orchard Unit Application To ELAM G. HESS, Pres. Keystone Pecan Co. , 191 Manheim, Pa. I hereby apply for = wu Orchard Units of the Keystone Pecan Company iow Many situate in Calhoun County, Georgia, and I agree to pay for the same at the rate of Three Hundred Dollars ($300) per Unit, on the following understanding: That accompanying this application I shall make remittance of $270 per Unit and shall recetbe full paid receipt and deed for Unit, the Company allowing ten per cent. for cash With application. Signed ... Application accepted for the Company by Steet eat as eet and No. Se ee 2 : _ City and State Units. Full Paid in Case of Death If any unit-holder, who is paying for his unit on the $5.00 per month basis and shall have made promptly upon the date called for by contract, eight or more monthly payments in addition to the initial payment of $10.00, should die before his payments of $300.00 per unit are completed, the company will upon proof of death (suicide excepted) furnish to his estate a deed to his unit or units and all further payments on the same shall cease. This protects the family or estate of the unit-holder who meets his monthly payments promptly, against all possibility of loss due to his death. LIBRARY OF CONGRE SS