104 FOREST VALUATION 



Every year lo million would have been cut, valued at $20,000 ; 



(1.03=° — I) 



total present value : 20,000 = $296,000. 



(1.03 — I ) 103" 



In questions of this kind there is still some uncertainty as to 

 how far a company or person should be held responsible in cases of 

 fire. In the city the owner of a burning building is generally not 

 held liable for harm which comes to other properties from the burn- 

 ing of his. In any case the public and both parties to the suit are 

 more or less closely bound together and should suffer together. 



This case sufficiently illustrates efforts at determining damage. 

 It is evident that it is chiefly a matter of accurate examination into 

 all the facts and the establishment of a reasonable basis which is 

 needed. Detail knowledge of the business and honest dealing should 

 solve these problems outside the courts. 



