444 MINNESOTA STATE HORTICULTURAL SOCIETY. 
(8) The interest on the balance of the principal not paid is here esti- 
mated at 5 per cent (although this money could be borrowed at a much lower 
figure) for the reason that the government is required to pay the Indians 5 
per cent on money received from this purchase. If this principal were paid 
to the Indians at once, and the government were to borrow the money for 
this purpose, it would not cost over 3 per cent, which would result in the 
very material reduction of this interest of $26,771.42 per year. 
(13) After twenty years I am sure that it would be safe to expect double 
the returns possible soon after taking the reservation in hand. This has 
been figured at $4 per thousand, but it seems very probable that in the 
course of the next twenty years timber as centrally situated as this and so 
very accessible will more likely be worth $6 per thousand. Besides the 
meadows and some agricultural land will have been opened up and rented 
out, and will afford an income much greater than that estimated in No. 4. 
The annual outlay, on the other hand, after twenty years, will not have in- 
creased much necessarily, except for purposes of planting and perhaps for a 
little closer supervision of the grounds. 
The estimate for patrolling this land for fire protection would probably 
be reduced very materially by the assistance of the war department, which, 
it is more than likely, would detail a company of cavalry for this purpose. 
The estimate given does not take into consideration any returns from the 
sale of firewood and is figured on conditions now existing in our woods. 
It seems certain that after twenty years 40 per cent of the material which 
is now left in the woods by our loggers will be readily salable for fuel. 
EFFECT ON THE SURROUNDING COUNTRY. 
The immediate effect of putting this reservation into a park on this plan 
would be very apparent. Two-thirds of the standing timber, to the value 
of $1,666.67, would be cut at once. This would mean the employment of 
a large number of men and start a period of great activity in the country 
near by. When this had been done the source of wealth would not have 
been destroyed, as in the ordinary cutting of timber. There would still be 
employment in:the park for probably 100 or more men continuously, in the 
harvesting of a $74,000 increase, the building of roads, the making of fire 
lanes and in other employment. Should the United States government de- 
cide to locate a company of cavalry there for fire protection, there would be 
in addition supplies for this force. This, with the families dependent upon 
the employes, etc., would probably mean the location at once, and perma- 
nently, of 500 persons on or near the reservation. This would make a large 
and permanent market for the farm products of the country near by. In 
addition to this, the natural attractions of the section are such that many 
tourists would come in, each of whom would leave some money behind, 
and this would assist in making a permanent demand for supplies from 
the hotels. It is probable that one or more sanitariums would be established 
for the cure of pulmonary diseases. These would be open the year round. 
School houses would be opened in the park, and the better agricultural land 
used for agricultural purposes. 
If the above figures are correct, the proposed park, merely as a financial 
venture, will take care of itself. As an example in good forestry and a place 
for recreation for our people, it ought to be worth very much. Besides, 
from the purely economical standpoint, the establishment of this park would 
have the effect on the surrounding country that the establishment of any 
