FISHERIES, GAME AND FORESTS. 4II 



the conduct of the College alone, is entirely insufficient for the organizing and man- 

 aging of the forest property. 



While it is anticipated that the financial results from this property will not only 

 pay for its management but yield a satisfactory interest charge on the investment, a 

 working capital with which to begin is as necessary as in the conduct of any other 

 business. 



Even a lumberman who treats his forest property as a speculation and exploits 

 the forest only once without regard to a future use of the same cannot dispense with 

 such a working capital with which to prepare for his logging operations. 



The forester, whose business it is not only to exploit the forest once, but to so 

 manage his property that he may continuously harvest and reproduce, to treat the 

 property as a permanent investment and conduct a continuous revenue-producing 

 business, must have even a larger working capital with which to start, if he is to 

 make a success of his business. It maybe roughly estimated that between one and 

 two million feet of logs and from five to ten thousand cords of wood will be the 

 annual growth of the 30,000 acres. This material has to be cut and marketed 

 annually in order to keep up a well-regulated forestry system and secure satisfactory 

 reproduction. This harvesting of the crop might be done under contracts with lum- 

 bermen, and some of it may best be done in that manner, but it would be highly 

 undesirable to be entirely dependent upon this method of disposal, which would 

 entail a considerable amount of watching, friction and dissatisfaction. Moreover, in 

 lumbering under forestry methods, a large amount of " dead work " — unprofitable 

 for the moment, profitable only in the end — will have to be done which it will be 

 difficult to secure from contractors, and which would at least prove unnecessarily 

 expensive, if done in that form. 



Especially in a " demonstration or experimental " forest the dependence upon 

 contract methods must prove detrimental. 



The first requirement is to prepare the property for permanent use in the busi- 

 ness of forest cropping. That means, besides a survey, stock-taking and preparation 

 of working plans, to make the property as soon as possible accessible in all its parts, 

 so that the fellings can be most advantageously distributed over the area. Roads of 

 a more permanent character than those with which the lumberman is satisfied must 

 be built, and other means of transporting materials at will at any time must be pro- 

 vided. Nurseries to supply plant material for such portions as require planting must 

 be established. Planting of waste and burnt-over areas must be performed, and 

 improvements of all kinds, which entail expenditures at present for the sake of 



higher efficiency in revenues in the future, are required. 

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