WHY DO LUMBER-MEN NOT APPLY FORESTRY? 615 



from wind and insects; there is the This sounds altogether pessimistic, 



capital invested without a chance of It is not intended to be so, but is to 



changing the investment. Will, so long bring home the fact that forestry as 



hence, wood, or this particular kind of defined above is a business sui generis, 



wood be wanted in the market? Will that it can be successfully carried on 



substitutes have replaced wood? What only under special conditions, and that 



will be the wood prices ? Will our pres- private, present interest is not likely to 



ent outlay be returned to us with proper enter it with ardor and persistency, 



interest earnings? One of the important conditions for its 



We may point to Europe and show successful conduct we leave out of 

 that forest property after all is on the consideration the farmer's wood lot- 

 whole not necessarily so hazardous as is size. 



with us at present with us it is still Some twenty years ago I was asked 



more hazardous than any other and for whether I thought that forestry could 



reasons must remain so for some time ; be profitably practised in the United 



that, in spite of substitutes, wood con- States at that time. I did not hesitate 



sumption has continuously increased ; to state the conditions under which, in 



that wood prices have continuously in- my opinion, it could be practised. Give 



creased; that excellent returns have me two million acres of southern pine 



come from persistent forest manage- and three million dollars of capital, and 



ment. it would not be difficult to demonstrate 



All this occurred under other condi- that a real forestry practice, i. e., de- 



tions of civilization, and in the past, liberate, systematic reproduction of the 



who can assure us of the future? For- cut areas will pay in the long run. 



estry deals in futures, and if it is haz- Altogether, forestry is a business for 



ardous to deal in futures in Wall the long run, hence persistent corpor- 



Street, so the forester owner thinks it ations, municipalities, States who live 



is wiser to secure the present dollar in- into the future are the proper persons 



stead of waiting for the possible two. to engage in it. Until we wake up to 



The disposition of all our people is to this realization much energy to induce 



live for the present, and the timberland small forest owners to go into the busi- 



owner is naturally not an exception. ness will be wasted. 



HIS WISDOM. 



He didn't know how to handle a rod, nor how to attach a fly : 

 He didn't know how to catch a trout in the brook that went flowing by; 

 When he wounded a buck he didn't know whether to run or stay and tight. 

 And he didn't know how to make a temporary camp at night. 



He didn't know how to tell the time by looking at the sun ; 

 He didn't know how to take the shells out of a loaded gun ; 

 He got so turned around he didn't know what course to take. 

 And he didn't know what to do when he was bitten by a snake. 



He didn't know what it was once when he handled poison oak : 

 He didn't know how to build a lire, nor how to conceal its smoke; 

 But he was wise of that fact there can't be the slightest doub; 

 When he broke camp he knew enough to put the lire out ! 

 Pasadena, Cal. HOWARD C. KKC.I.KY 



NEW YORK'S LUMBER INDUSTRY. 



o 



U'Ci 



New York is credited with harinij 2,2C,:\ lumber and timber plants. employing an a:'cra</e 

 T471 people. The value of the product for the year was placed at $72,530,000. There 

 ir r>74 independent planing mills. 1 ,::'.> lumber mills and :.'(>() pack'nni box factories. 



