i7 2 PROCEEDINGS OF THE 



one in ten to one in five years, is another evidence of 

 the importance of up-to-date statistics. 



The steady growth of all lumber associations, having 

 for their object systematic gathering and compiling 

 of figures in the three circles, is the best proof of the 

 importance of statistics, and when all manufacturers 

 realize their bearing on the individual operation, and 

 on the group of mills, and on the combined whole, 

 some broad association now organized, or yet to be 

 born, covering the entire industry, will be able to give 

 what every producer is waiting for, correct statistics 

 relative to production, consumption, and visible supply, 

 which are the three factors governing values. 



These facts are of sufficient importance to warrant 

 united and persistent effort to secure them. 



Such gatherings as this Congress, tend to hasten 

 the day when the manufacturers of lumber, and owners 

 of stumpage, will work closer together, and determine 

 annually how rapidly our forest resources are dimin- 

 ishing, and thus realize more and more the "Importance 

 of Statistics in the Lumber Industry." 



