Identifier: annualreport101112190newy (find matches)
Title: Annual report
Year: 1902 (1900s)
Authors: New York (State). Forest, Fish and Game Commission
Subjects: Forests and forestry Fisheries Game and game-birds
Publisher: (Albany, N.Y. : The Commission)
Contributing Library: Smithsonian Libraries
Digitizing Sponsor: Biodiversity Heritage Library

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aking in favor of forestinvestments: Notably the phenomenal increase in the value of timberbrought about by an increase in population and continuous prosperity;the certainty of wood production, year in and year out, with which firesonly can interfere; the strong possibility of more extended use of woodproducts in the manufacture of paper, packages, yarns, alcohol, sugar andfood stuffs; the fact that the forest stores its own products away, free ofcharge, until it may please the owner to place them on the market; therapid advance in the value of soil, etc. According to the location of the forest and in a higher degree, accord-ing to species of trees and age of trees, the disadvantages connected withforest investments vary from case to case. They seem to weigh heavilyon a second growth which yields no dividend whatever, is seriously endan-gered by fire, contains assets of prospective value only and offers no chanceat extraordinary results. There exist in the United States enormous areas
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< « a < J a O z d 2 w fa o HW o W o FOREST MANAGEMENT. 327 covered with second growth forests: What sense can there be, conse-quently, in investments tending to produce still more second growth? It is obvious that the chances of first growth to be remunerative are,generally speaking, very good. This first growth does not increase involume, the death rate of timber offsetting the birth rate; its increase invalue, however, is certain; heavy logs are getting scarce,— and they alonefurnish lumber commanding the highest price; the degree to which thetrees are utilized without waste increases from year to year; the difficultiesof transportation are declining continuously. Is it to be wondered at,then, that many investors — and notably all lumbermen — are eager toinvest in first growth whilst utterly unwilling to stake their money onsecond growth? The question might be asked: Why are the owners reluctant topractice conservative lumbering, a modus of logging which tends tosecure

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