438 JOURNAL OF FORESTRY 



snow losses: 18T4, 10,000 cubic meters; 1876, 25,000; 1884, lO.OnQ; 

 1886, 6,000; 1892, 6,000; 1902, 4,000; 1905, 20,000; 1906, 29,000 cubic 

 meters. 



Hueffel evidently doesn't agree with artificial regeneration following 

 clear cutting on a forest where natural regeneration is perfectly prac- 

 ticable. He also feels that there has been a sacrifice of very large 

 timber so valuable to local woodworking establishments. He feels that 

 thinning in the dominant trees of the stands has been neglected. 



By far the most interesting point brought out is that during the 

 years 1912 and 1914 the net revenue was about $4 per acre and that 

 the average soil and growing stock value was $300 per acre. For this 

 period, the total net revenue was 679,200 francs per year, while the 

 capital value of the forest and soil was about 50 million francs. This 

 means that the financial returns were only 1.3 per cent on the invest- 

 ment, a return which is unquestionably less than most forests in France 

 proper. It will be of interest to see how the French change the German 

 methods of clear cutting and planting and whether the financial returns 

 on the investment can be improved under the French administration. 



T. S. W., Jr. 



Huffel, G. La Foret Sainte de Haguenau. Berger-Levrault, Paris, p. 162. 



That wood and such a forest product as pitch 



Wood and Pitch were important commodities in the ancient centers 



of the of power of insular Greece, Macedon, Asia 



Ancients Minor, and Egypt, especially during the period 



315 to 166 B. C, is pointed out in this learned 



historical article. The dates of certain political events of historical 



significance are determined and checked by relating them to the price 



fluctuations of pitch during this period. Macedon, even from the fifth 



century B. C, had an interesting monopoly of these materials. The 



king granted licenses, often as marks of special favor, permitting the 



exportation of pitch and wood. For certain species special additional 



licenses also had to be obtained. The price of exported wood and 



pitch often fluctuated with the whim of the ruler, who might permit 



either free or restricted exportation, and also was influenced by the 



conditions surrounding defeats or victories in arms. Wood, of course, 



was of fundamental significance for the naval construction of the day 



and the balance of power in war was often considerably affected by 



