22 MASSACHUSETTS TREE PLANTER 



they also will be profitable. Unless with this intention, it 

 will hardly be advisable to establish pure plantations of sugar 

 maple and red oak as commercial investments. 



On the whole, the assertion is warranted that plantations 

 of the more valuable forest trees make excellent long-time 

 investments. Instances are not wanting in New England, 

 where plantations have yielded over 5% compound interest 

 for the owners. With the advance of stumpage prices, in- 

 cident on the constantly decreasing supplies of lumber, the 

 chances are that forest plantations will yield greater returns 

 than have here been indicated. 



The disadvantage of having money tied up for so long a 

 time is partly offset by the increased sale or pledge value 

 which a thrifty plantation of forest trees gives to a farm 

 or other holding. In other words, a plantation becomes a 

 valuable asset before the timber is mature. 



