

ECONOMICS OF FORESTRY 



A REFERENCE BOOK 



FOR STUDENTS OF POLITICAL ECONOMY AND 



PROFESSIONAL AND LAY STUDENTS 



OF FORESTRY 



BY 



BERNHARD E. FERNOW, LL.D. 



DIRECTOR OF THE NEW YORK STATE COLLEGE OF FORESTRY, IN CORNELL 



UNIVERSITY; LATE CHIEF, DIVISION OF FORESTRY, UNITED 



STATES DEPARTMENT OF AGRICULTURE 



SECOND EDITION 



NEW YORK 



THOMAS Y. CROWELL & CO. 

 PUBLISHERS 



