THE ESSENCE OF SUCCESS 



177 



Another way of handling this problem is similar 

 to that at present in vogue in England. All land, 

 whether it is suitable for general agriculture or only 

 for forest growing, is assessed on the basis of the 

 average rate of income it is capable of producing. 



It is the poorest sort of economy to grow trees at great expense and 

 then burn on the rubbish pile more than half of the wood content. 



Not the sale value but the producing capacity is the 

 basis of taxation, and the rates, fixed at a percentage 

 of this possible or probable revenue, are paid by 

 the owner whether his land is actually worked or 

 not. The proponents of this scheme rightly claim 



