16 



was 52, and in 1904 it had gi'own to 65 cubic feet ; forest management had in- 

 creased the average acre production in seventy-five years more than threefold. 

 ******* 



An acreage of 15,600,000 of German State, municipal, and private forests, 

 lately canvassed, produces an average net revenue of $2,40 per acre annually. 

 In other word's, every acre of this property, good, bad, and indifferent, pro- 

 ductive and unproductive, represents a capital of S50, paying 5 per cent interest, 

 and this constantly improving. 



It must not be overlooked that these results have come largely from non- 

 agricultural lands, the sandy plains, the swamps, the rough mountain slopes, 

 and from forests which in part, at least, were mismanaged like ours. 



Can we expect to attain the same or similar results? 



We ought to do much better, for we have the hundred years of experience of 

 our friends across the water to draw on, and we can avoid many of the mis- 

 takes which they have naturally made and paid for. 



Approved : 



James Wilson, 



Secretary. 

 Washington, D. C. Ajpril 16, 1907. 



[Cir. 97] 



