NATIONAL FOREST RESOURCES 181 



plicant has selected the body of timber he wishes to 

 purchase, he is furnished by the Supervisor with a 

 sample application stating the area, estimated 

 amount, minimum stumpage price, period allowed 

 for cutting and removing the timber, and other con- 

 ditions to be complied with, following as closely as 

 possible the form of the final sale agreement. 

 Usually, also, the purchaser is interested in the 

 amount of timber which he may cut per acre. For 

 this reason he visits sample areas on which the trees 

 have been marked for cutting. A notice of the sale 

 of the timber is then published, the choice of medi- 

 ums and number of insertions depending upon 

 whether the sale is of local, regional, or general in- 

 terest. This notice describes the timber, gives the 

 niiniimim stumpage prices that will be accepted, 

 and specifies the date upon which sealed bids will 

 be received. The period of advertising is at least 

 30 days, and in large sales from 3 to 6 months. 

 Forms for bidding are furnished to the original ap- 

 plicant and others who signify their intention to 

 bid. A deposit is required with all bids to show 

 the good faith of the bidder. In large transactions 

 this deposit is usually from 3 to 5 per cent, of the 

 purchase price. On the date specified in the adver- 



