82 



C. A. SCHENCK. 



2500 billion feet, board measure. 



Mr. Kellogg estimates the stands according to ownership as 

 follows: 



Nation and States ' 500 billion ft., or 20o/o of all timber 



Large private holdings 1700 680/0 



Small woodland holdings 300 12o/o 



Herbert Knox Smith, Commissioner of Corporations, in a 

 report submitted to President Taft on February 13th, 1911, gives 

 the following estimates: 



Stand of timber in the Continental United States 



located or owned 



billion feet 

 b. m. 



in National Forests 



on other non-private land 



owned by Southern Pacific Co 



owned by We3^erhaeuser Timber Co 



owned by Northern Pacific Railway Co 



owned by 5 next largest holders in Pacific North West 



balance privately owned in Pacific North West . . . 



privately owned in Southern pine region 



privately owned in the Lake States 



balance privately owned in the Rockies South of 

 iMontana, in the North Eastern and in the Central 

 States 



Grand Total: 



2.800 



