66 . Forestry Quarterly. 



Economics of Forestry. By B. E. Fernow. Thos. Y. Crowell & 

 Co., New York, 1902. Pp.520. 8°. Price, $1.50. 



This "reference book for students of political economy and 

 professional and lay students of forestry," one of a series in the 

 publishers' Library of Economics and Politics, comes just from 

 the press as the Quarterly goes to the printer. We can, there- 

 fore, only give this brief notice of its appearance and of its con- 

 tents. 



The subject is discussed in 12 chapters : First comes an intro- 

 ductory chapter: The Relation of the State to Natural Resources. 

 The second chapter : The Forest as a Resource sums up the 

 character of this national asset " which is second only to agricult- 

 ure in its importance." The other chapters are : The Forest as 

 a Condition ; Forest and Forestry Defined ; Factors of Forest Pro- 

 duction and Business Aspects ; Natural History of the Forest ; 

 Methods of Forest Crop Production : Silviculture ; Methods of 

 Business Conduct : Forest Economy ; Principles and Methods of 

 Forest Policy ; Forest Policies of Foreign Nations ; Forest Con- 

 ditions of the United States ; The Forestry Movement in the 

 United States. 



An appendix of 78 pages adds a large amount of statistical in- 

 formation, in which the whole book abounds; and 17 pages of 

 bibliography, with special reference to American literature, with 

 a full index, completes the book. 



The publishers introduce the volume with a reference to Presi- 

 dent Roosevelt's expressions regarding the vital importance of 

 forest supplies, and with the statement that Dr. Fernow " has 

 here gathered together more facts on this great subject than were 

 ever before presented within the covers of a single volume," 

 which the author in the preface claims to be the first of its kind 

 in the English language. In this claim the publisher and author 

 have perhaps not given full credit to H. Doc. 181, by the same 

 author, which hitherto could claim that position. 



The author having been for twelve years in charge of the Fed- 

 eral Forestry Division in Washington during the period of its 

 gradual development, which has made its present expan.sion into a 

 Bureau possible, and as an active officer of the American Forestry 

 Association during its entire history of existence, has had unusual 

 opportunities to speak from personal observation and active par- 

 ticipation in the development of the.se policies. 



