American Forest Congress 165 



any other value than that of pine stumpage was placed 

 upon their lands. Some of the more recent sales of 

 pine have been on the basis of ten and tv^elve dollars 

 per thousand and on estimates including much timber 

 v^diich would not have been considered at all ten years 

 ago. 



Representatives from the South can easily remember 

 the twenty and thirty cent period, although it soon 

 recedes into ancient history as they count their present 

 three and four dollar values, and even our friends from 

 the Coast, as they watch those beautiful fir trees go 

 into logs and $1.00 and $1.50 stumpage, can smile as 

 they recall the purchase at ten and fifteen cents. 



Is it too much to ask you to believe that the history 

 of Wisconsin will repeat itself in the South and West, 

 and that the timbers owners of those regions may 

 watch the continual advance of values until at least the 

 ten dollar and twelve dollar epoch arrives? 



