FOREST VALUATION 



I. INTRODUCTION 



A. LITERATURE. 



Endres, Dr. Max. Lehrbuch der Waldwertrechnung und 

 Forststatik, 2nd ed. 1911, published by Julius Springer, Berlin; 

 308 pp. 



Dr. Endres is Professor of Forestry at the University of 

 Miinchen, and author of the great "Forst Politik," one of the most 

 instructive books in forestry literature. On pages 1-4 is given a full 

 list of the literature of the subject. In addition the literature and 

 historic facts of interest are added to all important points in the 

 treatise. An excellent set of tables of compound interest, etc., forms 

 the appendix. As Dr. Endres says (p. 2), "Scientific forest valuation 

 is based on the labors of Faustman, Pressler and Gustav Heyer," 

 and so it is but natural that this excellent and most complete treatise 

 should follow the works of these three great men and represent 

 what is accepted today as correct and scientific in forest valuation. 



Stoetzer, Dr. H. Waldwertrechnung und Forstliche Statik, 

 Frankfurt, 1894 ; 4th ed. 1908. 



Dr. Stoetzer's work as author, teacher and administrator, and 

 also as editor of the great Handbuch, is well known. In Valuation 

 and Statics he has stood and stands today one of the foremost 

 authorities. 



Martin, Dr. H. Die Forstliche Statik, Berlin, 1905, Julius 

 Springer, 361 pp. 



Dr. Martin is Professor of Forestry at Tharandt, formerly at 

 Eberswalde, author of "Forsteinrichtung," a prolific writer, well 

 known teacher and recognized authority. This book is entirely de- 

 voted to Statics of Forestry; its position is defined in the sentence 

 (p. 22), "As to the system and contents of this book, the author 

 closely follows Hundeshagen." In his introduction, one of the most 

 interesting and instructive chapters ever published on Forest Valua- 

 tion and Statics, he discusses the historic development and points 

 out the fact that the useful study of Statics was opposed in practice 



