138 



FOREST VALUATION 



proving and may be expected to be eighty per cent normal in their 

 yield before another twenty years. 



2. Income from the forest. 



Since there are no forests in the United States in a regulated 

 business condition, it is necessary to consider European results. 

 Even in Europe it is only the state forests and the holdings of other 

 large owners, cities, etc., which can be considered as properly taken 

 care of in a way at all comparable to the farmer's fields. 



The following table represents large averages and the figures 

 are reliable. The great difference between Prussia on one hand and 

 Wiirttemberg and Saxony on the other is due to soil, sand, and 

 climate, and in part, market ; the smaller income in Bavaria is large- 

 ly due to topography, mountain woods, and to a lack of develop- 

 ment. In Bavaria and Prussia a further development, road build- 

 ing, etc., will continue to absorb much of the yield. Later on, in 

 twenty-five or fifty years, this will cease and then the net income 

 will be a muc^ larger part of the total income. 



Incomes from state forests in Germanv:* 



*See Endres, Forst Politik; Verhaltnisse Wiirttembergs ; Tharander 

 Forstliches Jahrbiich und Zeitschrift fur Forst und Jagdwesen. Figures round. 



