EXPENSE OF THE PROPOSED NATIONAL PARK. 443 
ANNUAL OUTLAY AFTER TWENTY YEARS. 
<i), ,buterest at.5 per cent on. debt $1,338,570.83. <s2eseei ces os $66,928.54 
ery) Administratiem ana: PeOUCCHOM, .. 142 isso coeSln sakes ¢ 20,500.00 
(18) For planting 5,000 acres per year at $5 per acre:....... 25,000.00 
Total annual outlay after twenty years .................. $112,428.54 
If debt is funded at 3 per cent instead of 5 per cent the 
totaiaamniial omblay Wille) ar. = teovie saws Sms tye rnieie;siedi’ oj wie $85,657.12 
Aree Meh Anis tl UICORTEN. ies cls vaesols kn wees oS eae ¢ 82,342.88 
(1) This 100,000 acres of timber land I estimate to contain approximate- 
ly 625,000,000 feet of timber, which is somewhat higher than the government 
estimate, but it is considered a fair estimate by those who know the situa- 
tion. This is here valued at $4 per thousand, with the expectation of cutting 
two-thirds of it at once on the selection plan, which will be more expensive 
than if it were logged in the ordinary manner, and perhaps will cost 50 
cents per thousand in excess of ordinary expense. I believe that even under 
such conditions, $4 per thousand feet is a reasonable figure, since there is 
a railroad through the reservation, and the timber is easy of access by this 
or by water. There are also two saw mills of large capacity close by. I 
am inclined to think that this figure is under rather than over what can be 
obtained for the timber. 
(2) There are 389,790 acres termed “agricultural land’ in this reserva- 
tion. But little of this is really agricultural land, in the ordinary sense 
of the word. As understood here the term “agricultural land” means only 
Jand having little or no pine timber on it.’ But this land is so poor in quality 
that little of it has any value for agricultural purposes. In view of the fact 
that there is such a large amount of good agricultural land in the timbered 
section of this state that is still unoccupied, it is ridiculous to claim it neces- 
sary to hold this land open for agricultural purposes. The agricultural land 
is figured at $1.25 per acre, the regular homestead price, which would be 
a reasonable sum for the government to pay the Indians for it. | 
(3) It is estimated that at least twenty families must be permanently 
located at once upon this land were it taken for park purposes, 
(5) From many surveys made it seems fair to estimate that about 
two-thirds of the trees on this land are over-ripe; in other words, are not 
improving, and these, under good forest management, should be cut at once. 
This would mean the employment of fully two-thirds as much labor as would 
be employed were the whole timber cut down at one time. It would give 
a large immediate income, which could be applied upon the principal, thus 
reducing it by two-thirds. After this was cut out, it is estimated that the 
land would continue to render a certain annual income in timber, as shown 
by item No. 6. 
(6) The estimate of 185 feet board measure per acre increase per year 
may seem rather high at first thought, but it will be noticed that it is figured 
on only 100,000 acres, and it is well known that there is a large amount of 
timber on what is known as “agricultural land” on which no increase what- 
ever is figured. As I have found 185 feet per acre increase per year obtain 
in a number of locations in Minnesota, on land apparently no better or 
better stocked than this, I have thought that it is no more than fair to use 
this as the factor for the sustained yield. 
