424 MINNESOTA STATE HORTICULTURAL SOCIETY. 



250,000 acres worth about $36.00 per acre, making a total of 9.0 mil- 

 lion dollars. 



250,000 acres worth about $30.00 per acre, making- a total of 7.5 mil- 

 lion dollars. 



250,000 acres worth about $24.00 per acre, making a total of 6.0 mil- 

 lion dollars. 



250,000 acres worth about $20.00 per acre, making a total of 5 mil- 

 lion dollars. 



250,000 acres worth about $16.00 per acre, making a total of 4.0 mil- 

 lion dollars. 



The entire area of two million acres will bear an aggregate value 

 of stumpage amounting to 72^;^ million dollars. 



AGGREGATE ANNUAL OUTLAY. 



The expense of two million acres of land at 25 cents per acre will 

 be $500,000. 



Annual expense for planting 25,000 acres at $11.25 will be $281,250. 



Besides for taxes, protection and administration on an average area 

 of one million acres — assuming that the two million acres will be 

 acquired gradually — these expenses to be 5 cents per acre, must be 

 spent annually $50,000. 



Thus, at an annual expense of say $350,000 per year the state will 

 own forest property worth 72^'^ million dollars after the lapse of 

 eighty years. 



RETURNS AFTER EIGHTY YEARS, 



From the eightieth year on the forest will yield annually, on 25,000 

 acres, 12,000 feet B. M. per acre or 300,000,000 feet B. M. on the whole, 

 worth at least $1,650,000, figuring at a stumpage value of $5.50. 



It is very likely that a considerable yield from thinnings will be 

 obtained at the same time. Under proper care, a second growth will 

 be secured, in the place of the one planted, free of charge, from self- 

 sown seed. 



If the increase of lumber prices holds pace with the increase of 

 population (1^^ per cent per annum) the result will be 3.3 times bet- 

 ter than shown above. The investment will then yield 3% per cent 

 of annual interest instead of 2 per cent. 



It is worth mentioning perhaps that the exclusive right of fishing 

 and hunting on say 25,000-acre sections of the forest leased out peri- 

 odically under certain restrictions will yield a considerable return 

 as well. 



To protect fish and game whilst protecting the forest will be an 

 additional duty of the stafif of forest rangers. The combination of 

 forest rangers and game keepers is even from a financial standpoint 

 a most desirable one. 



SOME HINTS FOR PLANTERS. 



The planting, to begin with, should be made in a way safe-guard- 

 ing the future forest against damage from fire, storms and insects. 

 As large, even aged, forests suffer from these factors in a high de- 

 gree, the reforestation should be made in strips, say 500 feet wide. 



