beyond ordinary calculation, hardly worth 

 while to figure on. Nevertheless, if I in- 

 terpret the economic tendency of the coun- 

 try at all rightly, men look farther ahead 

 now than they once did, and it is very we':l 

 worth their while to do so. We will say 

 that in forty years yon can get a second 

 crop on that land e(|ual to the first. We 

 take the stumpage at its present value 

 with taxes as they now st.-md. and we es- 

 timate the expense of i)rotection against 

 tire and theft. We find in this particular 

 case that the returns on the capital in- 

 \-ested for those forty years Is G per cent 

 net. That is calcul.-itiMl u\\ the basis of 

 the present value of stumpage. We all 

 know that the value of stumpage will in- 

 crease largely in forty years. The matter 

 becomes, then, simply a question of 

 whether or not it is worth your wliile to 

 take the incidental risks and hold yon'- 

 land for forty years rather than to put 

 your money into something else. But it is 

 not a qiiestiou of whether you will put the 

 money back into your land after taking 

 the timber off of it. but whether you will 

 take the timber off in such a way that 

 when you have cut over the land it will 

 be in condition to go on producing timber 

 without further expense. Either the tim- 

 ber land "is part of the manufacturing 

 plant, or it is not, and that is the whole 

 difference. 



If you are the owner of a mill, as of 

 course you all are. you must necessarily 

 consider, if you want to keep tliat mill in 

 permanent operation, how much land you 

 need to grow timlier to supply you with 

 your dail.v cut. Then you have a complete 

 plant which is like a machine shop, turn- 

 ing out material for its own ueeds. From 

 the point of view of the forester, where a 

 business (piestion is as clear cut as that, 

 it becomes as foolish to destroy the pro- 

 ductive capacity of y<jur land as it would 

 be for the owner of a machine shop, when 

 he had an order for a shaft or a cogwheel, 

 to take that sliaft or cogwheel out of his 

 own machinery and sell it rather than 

 make his machines produce it. As I have 

 said, and repeat, this is p>n-ely a luisiness 

 ([Uestion. 



Tlie Bureau of Forestry offers certain as- 

 sistance to Uunbermen in preparing the ba- 

 sis upon which such (luestions can be most 

 intelligently derided. What it does is 

 simi)ly to put a certain amount of trained 

 skill at your command. You pay the ex- 

 pense and we prepare for you the neces- 

 sary figures. The way we do it is to send 

 a man In the spot who finds out what there 

 is on tlie ground, with special reference to 

 the smaller sizes — how fast each diameter 

 class of trees grows, how much will be 

 left of certain si/.es after cutting out oth- 

 ers, and how nunh will be standing to the 

 acre after a detinite number of years. We 

 put the thing purely and entirely on a 

 business basis. 



These methods of forestry are not at 

 present .-is fully applicable everywhere in 



HE HARDWOOD RECORD. 



the United States as they will be later on. 

 and it is as far from me as possible to want 

 t" urge any man to adopt the methods 

 of forestry indrss they are going to pay. 

 The arrangement we make with timner 

 owners is never that they shall be cciiii- 

 pelled to ajijily the plans we sulimit. Init 

 always that they shall appl.v them or not 

 as they lind it wisest to do. I would be 

 exceedingly sorry if any man should take 

 up a proposition in forestr.v and apiily it if 

 he was not confident it would turn out 

 wi'll. liecause this is not a i|uestion of a 

 few days or merely for present conditions. 



What I have been describing to you is. 

 of course, only one of the ways in whi<-li 

 the Bureau of Forestry is attempting to 

 serve the lumber interests of the United 

 States. Another is a ver.v extensive series 

 of timber tests which we are just taking 

 up. to learn the comparative merits of dif- 

 ferent timbers for different purposes; and 

 there are many others, some dealing di- 

 rectly with the lumber iuterests and som.- 

 indirectly. But the essence of what 1 have 

 to say to you to-day is simply that this 

 matter of practical forestry is presented to 

 you as a business proposition, to be ac- 

 cepted or rejected as a business proposi- 

 tion, and that my interest in it and the 

 object of my presence here is simply to 

 ask you whether it is worth yinir while to 

 consider your forests as a part of your 

 plant or whether it is better worth your 

 while to abandon them after they havi' 

 been cut. 



1 shall be very glad, indeed, if 1 can an- 

 swer any questiohs which may come up 

 now or later on, and I shall be especially 

 .glad if 1 (II- any other member of the Bii 

 reau of Forestry can be of use to you. in 

 dividually or collectively, in any possilile 

 direction. There has been too long a feel- 

 ing that the foresters were trying to force 

 the lumbermen to do something oi- othei 

 against the lumbermen's w-ill. I think it i^ 

 time for the lumbermen to give the Hureau 

 of Forestr.v a chance to d(j some things 

 which thev would like to li,-i\e il do. 



25 



Tile .\lliuquei-i|Ue (.\. .\le.\.i .lournal- 

 |)i'nio(-rat of .July 28 is at hand, and eon 

 tains a description of the jirogress lieing 

 made in the establishment of llie .\meri- 

 eaii l.tnober Company's phnil. together 

 with two illustrations, showing front and 

 rear view of tlieir mammoth null as it 

 will appear when eompleteil. .Mr. ('. .\. 

 Wiird, of the Ward I, timber Company of 

 this cit.v. is ju'esident of the comitany. and 

 ifs erection and oi)eration are tinder the 

 general management of Ira 1!. Bennett, a 

 prominent lumlierman. fornierl.v of De- 

 troit. Mich. There is some evidence that 

 this gigantic entei'iirise has awakened the 

 spirit of the jieople of that city to its pos- 

 sibilities, its the issue of the paper above 

 nienti<nied is the occasion of a proclama- 

 tion signed liy prominent citizens setting 

 forth the advantages of .Mliuqiierciue as a 

 commercial city. 



you want cash for 

 your lumber, write 



M. BOEDER, 



l440Roscoe8t., CHICAGO. 



Empire Lumber Co., 



CHICAQO. 



WANTPn i CHERRY, OAK. CYPRESS. 

 wAnicu ^ GEORQIA PINE 



Or anything you liave for sale in hardwood5. 



THE 



CritteoHen Lnmber Co. 



iMANUKACTt;R:;RS 



Oak, Ash, 

 Cypress 

 and Gum 



MILLS: 

 EARLE. ARK. 



OFFICE : 

 336-337 Scimitar Building. 



MEMPHIS. TENN. 



A Handsome 



Book 



FREE 



It tells all aliout the most di-liglitlul places 

 in the country to spend the sunnncr— the 

 famous region of N'ortliern Michigan, 

 including these well-known resons : 



Petoskey Mackinac Island 



Bay View Traverse City 



Wequetonsing Neahiawanta 

 Harbor Point Omena 

 Oden Northport 



sfiid 2c. 10 cover postage, mention tills iiaper. 

 tind we will send you itils 52-pa^'e book, colored 

 cover '200 plciur'es. list and rates of all Motels. 

 new 1903 niai^s.and in formal ion iiboui tlie 1 rum 

 service on the 



Grand Rapids & Indiana Railway 



(77ic Fishing Lint) 

 Tnrou^'h sleepinficurs dally lor tbe North liom 

 Cincinnati, Louisville. St. Louis, Indianapolis, 

 via Fenna Llnt'S and Kiclimond. and fromOhi- 

 oaj,'0 via Michl^'an Central R. li. and Ka.amazoo; 

 low rates from all points. 



Fishermen will lie interested tn « ur booklet, 

 " Where to Go Fishing," mailed free. 



C. L. LOCK WOO D, Gen'l I*assenger Agent, 

 Grand Uajilds. Mich. 



