HARDWOOD RECORD 



27 



general discussion on the subject matter, in 

 which Simon Lieberman, F. C. Fischer, K. H. 

 Vansiint, F. F. Fee, J. H. Northup, A. E. 

 Norman, R. M. Carrier, "Wm. BurUe. (. 

 Crane, J. W. Love, Edward L. Davis and A. .f. 

 Gahagan were jiarticipants. 



Committees Appointed. 

 The chair tlicu announced a list of <-om- 

 mittees on grading and values of varin\is hard- 

 woods, as follows : 



APPIJED FOKESTRY and PitiVCTICAL LUM- 

 BERING.— Wni. Wilms, F. C. Fischer, R. M. 

 Carrier, 



Finance, — John B, Ransom, C. Crane, J, 

 W. llayhew, M. W. Thomas, "Wm. "Wilms. 



Poplar and Bassttood (Grading). — C. M. 

 Crawford, C. M. Clarke, S. Lieberman, J. W. 

 Mayhew, .1. \V. Kitchen. "\V. .T. ('nde, A. J. 

 Gahagan. 



Poplar and Basswood (Values). — A. J. 

 Gahagan, M. F. Greene, J. W. Mayhew, C. M. 

 Crawford, .1. \V. Kitchen, W. H. Oawkins, 

 C. "W. Burt. 



Oak, Ash and Chestnut (Grading). — 

 John W. Love, E. L. Davis. R. M. Carrier, 

 W. L. Watson, A. E. Norman, Claude Maley, 

 Lewis Doster. 



Oak, Ash and Chestnut (Values). — 

 John B. Ransom, A. P. Steele, C. Crane, W. L. 

 Watson, J. W. JIayhew, Otto Laehmund, 

 Ralph May. 



Cottonwood (Grading and Values). — 

 E. A. Lang, W. B. ilorgan, T. AV. Fry. 



Gum (Grading and Values). — Howard Rule, 

 H. E. Bacon, Geo. F. Riel. 



Cherry, Walnut, Butternut, Sycamore, 

 Hickory and Pecan (Grading and Values). — 

 John W. Love, W. H. Nigli, Wm. L Barr, Wm. 

 Burke, E. L. Davis. 



Beech, Birch, Soft and Rock Elm, Hard 

 AND Soft Maple (Grading and Values). — 

 T. W. Fry, Howard Rule, Wm. Burke. 



Dimension Stock. — Edward L. Davis, 



\V. H. Dawkins, (.. W. Hurt, K. .M. Canirr. 

 V. ('. Kishor. 



Tlie meeting then adjourned. 



WEDNESDAY'S SESSION. 



Tlie gathering was further increased on 

 \Ve<lnesday morning by many newcomers as 

 ilisdosed by the roll call. On invitation \V. F. 

 riiech'rman, manager of the credit rating de- 

 partment of the National Lumber Manufac- 

 turers' Association, delivered a brief addres.s, 

 covering the work in which he is engaged, 

 and invited still further ])articipation by 

 members of tlie association in the credit 

 service that is perfoi'med by his association. 

 All Address on Forestry. 



Dr. ( '. A. Sclienck, director of the Biltniore 

 forest school, Biltmore, N. C, was then in- 

 troduced, and gave a most interesting ail- 

 dress on the subject of forestry which follows: 



1 am sorry tliat I hatl not the pleasure -ol" 

 attending the meeting of yesterday. Ol: course 

 1 IvUow a little of what was going ou, because 

 after my arrival at 10 :3o last evening Mr. 

 Wilms, Mr. Fischer and myself had a special 

 session and the meeting lasted until half past 



111- held (in Id llicni anil 1 don'i knnw limv ,1. R. 

 I'niilh is rated today. 



.\ lielegate — Forty milliim. 



I Mm sure he is worth forty million, altliough 

 \\f Iniiks as simple as a common farmer. It 



VAX B, rERRINK, FT. WAYNE. IND. 



Lewis Doster, W. A. McLean, W. W. Dings, 

 C. M. Clarke, Van B. Perrine. 



Nominatinc Committee. — John W. Love, 



WM. E. LITCHFIELD. BOSTOX, MASS. 



one this morning. I will tell you we raised 

 prices. What was it we were going to get for 

 our oak V It was just about half past one when 

 we arrived at the figure, and really 1 forget 

 what the figure was. 



It seems to be the fate of foresters, and I 

 think forestry too in these United States, to be 

 late, and 1 am sometimes afraid that it is too 

 late. Yon cannot begin mining when the mine 

 is exhausted : you cannot begin to milk the 

 cow when the cow has been killed, and .vou 

 cannot begin to practice conservative forestry 

 wlien the forests are gone. For. if tbey are 

 not all gone, they are surely going, and' very 

 fast too. I for one ought not to preach con- 

 servative forestry because I ding and dong on 

 increasing stumpage. I am sometimes laughed 

 at for my enthusiasm, but show me the fel- 

 low who has hung his fate on increase in stump- 

 age values who has ever lost money. How have 

 the big bosses of the lumber market carved "out 

 their millions? On the whole. I think it bas 

 been more out of advancing stumpage values 

 than out of manufacturing operations. I am 

 not in the confidence of Mr. Beyerhouser, but 

 1 know he has made his money by buying when 

 nobody wanted to buy and by holding on to 

 stumpage until the prices went soaring. 



I was at Georgian Bay last Saturday in com- 

 pany w-ith J. U. Booth. He controls four thou- 

 sand' square miles between Utterbark and Geor- 

 gian Bay. He is seventy-eight years old and he 

 gave us an interesting account of his past ex- 

 I)eriences. He started with nothing except en- 

 ergy, knowledge and credit at the bank Ijased 

 ifierely on personal merit, not possessions. Wben 

 be bought his limits everybody laughed at him. 

 Tie was buying limits from which the best pine 

 had been taken. He bougbt them for a song. 



A. MrF.EAN, NEW ALBANY. IMi. 



seems to me from his experience and that of 

 many other men we might readily come to the 

 conclusion that money placed in stumpage with 

 a view of waiting for the increase is a pretty 

 certain source of wealth. As to m.v own expe- 

 rience, we are holding on to our stumpage as 

 light as we can and I think we have not made 

 any mistake. It does not make much difference 

 to Mr. Vanderbilt whether he gets a million 

 more or less, but so far as I am in charge of 

 his Interests, I try to make the most out of it. 

 But in our line, hardwood, the ebances for a 

 rise in stumpage prices is Itetter than In an.v 

 other line or walk of business with which I 

 have come In contact. I am sorry that I am a 

 poor beggar myself, for if I were rich I would 

 put every cent of m.v money into hardwood 

 stimipage. Mind you, we here in the southern 

 I niti'd States hold in our claws the monopoly 

 of luudwood not only of the United States, but 

 practically of the world. The so-called timber 

 exporting countries. Russia. Sweden. Norway, 

 are all softwood exporters. There Is onl.v a 

 single region in the old country, and that is a 

 very smalt region, that is capahle of exporting 

 oak. That is Slavonia. It is very fine oak. 

 the best I ever saw. but it is going mighty fast. 

 I think it has gone mighty fast. Manchuria, the 

 coimtry from which we might expect supplies 

 of oak and yellow poplar in the future, may and 

 may not have the supply some people think. 

 If the supply is there, someone bas to pay the 

 freight bill and you know it will cost to "bring 

 lumber from Manchuria to this country. 



Gentlemen, there is little hardwood in Can- 

 ada and out on our western prairies, and those 

 are the two sections of the world which will 

 show the most development in the near future. 

 They will reijulre our hardwoods and thev 

 will require our hardwoods at a time wneii 

 hardwoods will be mighty scarce In this conn- 

 try. 1 mean hardwood of a good quality, not 

 brush. If you own any stumpage, hold on to 

 It, because it is the best Investment you can 

 have, and if you don't own any hardwood 

 stumpage. buy some as quick as yctu can. I 

 think forestry from that standpoint" will appeal 

 to you : It Is forestry from the business stand- 

 point, forestry in dollars and cents and not 

 In festhetlc crankiness. Of course, from a patri- 

 otic standpoint we want to have for this coun- 

 try the largest possible amount of forestry, but 

 we cannot have that forestry unless it proves 

 to be profitable. In this country of the stars 

 and stripes and business, any occupation which 

 does not pay has no birthright. It is sometimes 

 liard for us to combine our patriotism and our 

 business interests. We give to Ciesar what is 

 Cffisar's : we give to God what is God's, and we 

 give to our family what belongs to our family. 

 How to make the subdivisions must be left to 

 each Individual to decide : but It seems to me 

 that mighty often our patriotism comes in con- 

 tllct with our direct business interests. It is 

 very unfortunate that just for forestry nothing 

 has been done by the people of this nation. 

 Can you show me a single Industry excepting 

 forestry that has not been fostered by the 

 nation? See how mining has been developed 

 by the help of a protective tariff ! See how 

 wonderfully manufacturing has been developed 

 at the expense of the people ! See the marve 



