FORESTRY FROM A COMMERCIAL STANDPOINT. 95 



Second growth white pine, chestnut, and sprout hardwood growth 

 are those we are most famihar with. 



(1) Sprout Hardwood Growth. 



In sprout hardwood growth it is generally considered that a cord 

 per year can be obtained in average conditions on an acre. There- 

 fore 40 years equals 40 cords. Stumpage value $40. to SSO. depend- 

 ing on locality and proximity to market. 



Investment at the end of 40 years. 



Compound interest of valuation $6.00 for 40 years, $22.81 



Taxes with interest. 



1st ten years $3.97 



2nd " ' " 4.48 



3rd " " 4.83 



4th " " 4.29 17.57 



Total cost $40.38 



Profit .$00.00 to $40.00 in 40 years per acre or 10.00 to $1.00 an acre 

 per year. 



(2) Chestnut Growth. 



Can expect about 100 good telephone poles or 300 ties with 15 

 cords of wood = total net approximate value of $100. Investment 

 at end of 40 years same as for sprout hardwood growth $40.00. 

 This leaves a net profit of $60.00 per acre in 40 years or $1.50 a 

 year per acre average. 



(3) Second Growth White Pine {Natural reproduction). 



From actual measurements this growth was found to yield on 

 an acre 25 cords of white pine and 15 cords of hardwood. A cord 

 in terms of lumber meaning a thousand board feet. White pine 

 is worth $5.00 per cord and hardwood $1.00. Total 40 cords equals 

 $140.00. Deducting $40.00, the investment which is the same as 

 for sprout hardwood growth and chestnut, leaves a net return of 

 $100.00 an acre in 40 years or a net income of $2.50 a year per acre. 



