COMMERCIAL FORESTRY 



cost of seedlings and planting, also the valuation 

 of pasture land at $ 1 1 , instead of waste lands, as 

 considered under (1), (2) and (3), at $6. 



(6) WHITE PINE PLANTED (HOME GROWN 

 OR NATIVE SEEDLINGS) 



Compound interest on valuation, $6, for forty years, $22 81 

 Initial outlay for seedlings and planting, $5 per acre, 



plus interest for 40 years, . . ' . . 29 00 



Taxes, with interest, forty years, . . 17 57 



$59 38 



Returns at end of forty years, 40,000 B. M. 

 feet, at $5, equals $200. Subtracting cost, $69.38, 

 leaves the net profits in forty years $ 1 30.62, or 

 an average of $3.26 a year per acre. 



Reducing the whole to tabular form, we have 

 the following : 



1 . Under favorable natural conditions of re- 

 forestation; returns per acre in forty years and 

 average an acre each year : 



Per Acre Aver, an Acre 



Growth : in Forty Years. Each Year. 



Hardwood $0 00 to $40 00 $0 00 to $1 00 



Chestnut, .... 60 00 1 50 



Second growth white pine, . 100 00 2 50 



From pasture land, valuation $11, average $0.50 an acre per year. 



2. Where trees are planted ; returns per acre 

 in forty years and average return an acre each 

 year : 



Per Acre Aver, an Acre 



White pine : in Forty Years. Each Year. 



Valuation, $11. 



Seedlings, planting, $11 + . . $70 00 $175 



Valuation, $6. 



Seedlings, planting, $5, . , . 130 62 3 26 



From these calculations it is shown that, even 

 under present conditions, forestry can be practised 

 J3 



