FORESTRY FROM A CO!MMERCIAL STANDPOINT. 



97 



planting, also the valuation of pasture land at SI 1.00 instead of 

 waste lands as considered under (1) (2) and (3) at 16.00. 



(6) White Pine Planted {Home grown or native seedlings). 



Compound interest on valuation (SO.) for 40 years 

 Initial outlay for seedlings and planting $5. per acre 



plus interest for 40 years 

 Taxes with intej*est 40 years 



$22.81 



29.00 



17.57 



$69.38 



Returns at end of 40 years, 40 cords or 40,000 B. M. feet at So. 

 equals S200. Subtracting cost S69.38, leaves the net profit in 40 

 years S130.62 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 reforestation. Re- 

 turns per acre in 40 years and average return an acre each year. 



(2). Where trees are planted. Returns per acre in 40 years 

 and average return an acre each year. 



From these calculations it is shown that even under present con- 



