30 Proce:edings o^ the: 



And what has been the result? I recall quite dis- 

 tinctly that when a little while previously a lumberman 

 offered $2,000 for the major portion of our timber, 

 there were those in authority who regarded that sum 

 as a fair valuation. We began operations under the 

 direction of foresters in 1900, and have cut a little over 

 two million board feet of logs, at a net profit of about 

 $7,250. Two years more of cutting — and profit — 

 remain. And the condition of the forest is satisfactory 

 to the Bureau of Forestry, which finds that there are 

 plenty of vigorous small trees over the logged area 

 given a new lease of life owing to increased light and 

 growing space, and that reproduction of the best kind 

 has taken place, even little yellow poplars, white ashes, 

 and white elms being found. 



This has furnished an object lesson for our imme- 

 diate neighbors and for representatives of the entire 

 South, who visit our beautiful plateau in large numbers 

 every summer. They can see and hear of results from 

 the practice of conservative logging, and readily under- 

 stand the attitude of the University of the South. It 

 is a zealous missionary, preaching everywhere and at 

 all times the gospel of forestry. 



I speak to you this afternoon not as a trained pro- 

 fessional forester, but as one whose interest in the 

 proper management of timberland has been quickened 

 and strengthened by the above-mentioned association 

 with foresters. President Roosevelt has told us that 

 the forest problem is in many ways the most vital 

 internal problem in the United States ; that "the United 

 States is exhausting its forest supplies far more rapidly 

 than they are being produced; that the situation is 

 grave, and there is only one remedy ; that that remedy 

 is the introduction of practical forestry on a large scale, 

 which is, of course, impossible without trained men, 



