Congressional Edition Volume 5551

Congressional Edition Volume 5551

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1909 edition. Excerpt: ... mathematical certaintv with the supply so reduced as it is already. It is common talk among lumbermen that three interests now control one-fifth of all the standing merchantable timber in the United States. Many of the holders of timber have acquired their property at insignificant figures and have seen them rise in value, if we are to accept the carefully prepared data of the Government, from 100 to 300 per cent in eight years, and with the probability that this rate of increase will continue in the near future. Yet doubtless many owners of such already handsomely remunerative properties will appear before your committee and argue against the repeal of the lumber tariff. Not content with what the limitations of nature and the demands of society are doing for them, they insist on what amounts to a subsidy from the Government--and a subsidy for what? A subsidy, a premium, on the destruction of our remaining forests. A few great corporations or aggregations of corporations and individuals now control an immense proportion of the remaining forests of the United States. One of these, the great Weyerhaeuser group, is said to have produced more than fifty millionaires, and if we are to believe Mr. N. W. McCleod, president of the National Lumber Manufacturers' Association, the bulk of these fortunes must have arisen from the ownership of large bodies of timber rather than from manufacture, and he predicts that this condition will continue. We may say, then, that the fifty millionaires of the Weyerhaeuser group owe their fortunes rather to the acquirement and holding of stumpage than to the profit arising from the manufacture of lumber. To illustrate the enormous profits that are thus possible it is worth while to call attention to the fact that the...
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Product details

  • Paperback | 660 pages
  • 189 x 246 x 34mm | 1,161g
  • Miami Fl, United States
  • English
  • black & white illustrations
  • 1236648471
  • 9781236648471