NEW BRUNSWICK FORESTRY CONVENTION 151 



President Roosevelt has said "Wood is an indespensable part of the 

 material structure upon which civilization rests. If forests are destroyed it 

 is only a short time before business interests suffer in consequence." 



What does our forest industry mean to our Province? It brings into 

 our Province about ten million dollars annually and of this amount I esti- 

 mate that about one third is paid out in wages. Such an industry must be 

 of great importance to any country. 



Our Government is dependent on the forest for a large portion of its 

 revenue, $251,883.25 coming from this source last year, and the loss of the 

 revenue from this direction would mean direct taxation and every man in 

 our Province would be directly affected. 



The lumber business, whether for deals or plup affects more people and 

 interests, more callings and professions than the fisheries or the mines, in 

 fact both the^e industries are themselves dependent on the lumber. It has 

 been said that abundance of wood is one of the prime necessities for success- 

 ful mining. 



Take the banking business of our province. If the lumber business 

 were to stop, would it not suffer ? Some one may say, where would h 

 lumber business be to-day if it had not been for the faith banks had in the 

 industry ? Banking and lumbering interests are closely interwoven. Lum- 

 bermen must of necessity be borrowers, when you consider that logging 

 operations commence in August, and the result of this work rarely reaches 

 the market until the following June, especially is this so in Northern New 

 Brunswick, where we have not open ports all the year round. 



The sale of lumber products to foreign countries also places exchange 

 on the market, for which all banks are eagerly looking. But not only in 

 this connection are banks benefited but general trade is assisted, payments 

 are good or bad depending on the lumber business, a good lumber year 

 means more money on deposit and, therefore, more for the banks to use. 

 .Railways are also benefited, more people are travelling, more goods moving, 

 if forests operations are profitable. They also need the forest and are de- 

 pendent on them for ties and for material for construction work arid for cars. 



The manufactures are dependent on the success of the lumber industry. 

 More clothincr is needed, more Humphrey's Tweeds, more blanketing, more 



