REPORT OF SUBCOMMITTEE ON FOREST LEASING, 

 FOREST LOANS, AND FOREST INSURANCE 



Professor R. S. Bryant, President, 

 Society of American Foresters, 

 New Haven, Connecticut. 



Dear Sir : 



Herewith is presented the report of the subcommittee appointed by President 

 Olmsted to consider the subjects of forest leases, forest loans, and forest 

 insurance. 



While the committee has had some discussion of the report, it has not come 

 to entire agreement on all of the details, and the different parts should be 

 considered as the ideas of the individuals who prepared them, rather than as 

 the unanimous opinion of the committee as a whole. The section dealing with 

 leases was prepared by Professor Bruce, that on loans by Professor Kirkland, 

 and that on insurance by Mr. Sparhawk. 



It is suggested that in order to secure full discussion of these subjects the 

 report be published in the Journal of Forestry. 



Sincerely yours, 



WiLUAM N. Sparhawk, 

 Donald Bruce, 

 Burt P. Kirkland, 



Committee. 



FOREST LEASING 



The Purpose of Forest Leasing 



The leasing of forest land by the National Government has been 

 advocated as a means to three distinct and separable ends: (1) The 

 encouragement of forestry by example and by overcoming private in- 

 ertia in initiating forest management; (2) the removal from the 

 lumber industry of the economic pressure of its overload of stumpage 

 and hence permitting it to handle better its forestry problem; (3) to 

 take the place of outright purchase and yet avoid the heavy initial 

 expenditures involved therein. These objects are so diverse that a 

 different plan of leasing would have to be adopted for each. It seems, 

 therefore, that a preliminary decision must be reached on which, if 

 any, of these ends is desirable, before considering the detailed plan 

 necessary to attain them. 

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