17 



developed by Greeley, then in charge of Timber Manage 

 ment in Washington. 



Fry: What was the significance of the Greeley method of 



timber appraisal to the total picture of the development 

 of timber management technique? 



Granger: It was a major contribution to the solution of the 

 problem of sound appraisals. Before it, appraisals 

 were of greatly varying degrees of reliability. The 

 timber purchasers generally agreed with the method, 

 if not always with the basic data and the results. 



There were two methods, one the Investment Method 

 for large sales, and the simpler Overturn Method for 

 small operations where little or no long-term invest 

 ment in plant was required. 



The large Black Hills sale was followed two years 

 later by one of the biggest offerings ever made by 

 the Forest Service, a 125-million board foot sale 

 of lodgepole pine tie timber on the old Bonneville 

 National Forest on the headwaters of the Wind River 

 in Wyoming. I was in on this transaction from the 

 beginning negotiations, draft of contract, sample 

 marking and all the other steps leading to consummation. 



