238 JOURNAL OF FORESTRY 



"Such a stand properly thinned should show a final yield in 45 years 

 of from 32 to 55 cords per acre." 



Under rotation, the author recommends 55 to 60 years for pulpwood ; 

 100 to 120 years for sawtimber. No mention is made of financial rota- 

 tions, nor of the entire subject of financial possibilities. This would 

 seem to be indispensable in a bulletin whose object is "to formulate 

 definite systems of forest management for various conditions" ; for is 

 not forest management "the application of forestry in the conduct of 

 the business of a forest?" and what is business but applied finance? 



A. B. R. 



