304 Forestry Quarterly. 



chutes River, and already comprises a large percentage of private 

 lar^ds, and includes two towns. These eliminations are a part of 

 the work of boundary examinations initiated 5 or 6 years ago, 

 which is resulting in fixing, after careful survey, the definite 

 boundaries of those lands which should remain permanently in 

 forests. 



Foresters' and lumbermen see a strong argument for forestry 

 in the following decision of the Treasury Department, namely 

 that " the gain from the cutting and disposal of stumpage is real- 

 ized in the year during which the timber is cut and disposed of, 

 and that the amount received in excess of the cost of such timber 

 is profit, and should be so accounted for as income for that year." 

 According to their interpretation, this decision means that no 

 timberlands shall be subject to the tax until the timber is cut and 

 marketed and that then only the profit will be subject to an in- 

 come tax assessment. In other words, all costs will be deducted 

 before the tax is levied, and these will cover the cost of grow- 

 ing the timber, including the cost of planting where necessary and 

 of protecting the growing crop from fire and other depredation. 



Nearly 17,000 acres have just been added by act of Congress 

 to the Caribou National Forest, Idaho. This is one of the first 

 of such additions through congressional action, instead of presi- 

 dential proclamation under the law of 1907, and is the largest 

 so far made by direct legislation. 



The addition was made upon the petition of residents of the 

 city of Montpelier, Idaho, the area included being the water- 

 shed of the stream which furnishes the city's water supply. 



Direct seeding of Lodgepole Pine has been successful without 

 exception on the Arapaho National Forest, Colorado. Several of 

 the areas sown two and three years ago show from 5,000 to 10,000 

 seedlings per acre. 



Western Yellow Pine cones, to the amount of 6,377 bushels, 

 obtained on the Bitterroot National Forest, Montana, yielded 

 9,482 pounds of seed. The average cost of the extracted seed 

 was 41 cents per pound. 



