dent. Not only is it necessary to keep those accounts of financial transactions which any business requires, but each compartment in the forest must be kept account of, with a separate ledger account to show what material it has furnished, what stock remains in it, what operations it has required and whatever position in the general scheme it takes. A demonstration and experimental area, as the proposed school forest is to be, will, to be sure, entail many operations which in a mere business forest might be dispensed with or delayed to more opportune time. Hence its financial results on the whole may not satisfy the financier. No such experiment, it may be asserted, can be made to demonstrate the profitableness of a business; it can only serve to show methods and their results and to furnish the basis and elements for profit calculations. Nevertheless it is expected that the experiment will pay for itself, while furnishing the desirable object lessons both to the students and timberland owners, including the citizens of the State of New York, owners of the great State Park. When this experiment is established, and has demonstrated that rational forest management is possible in this country as well as in the older countries, the constitutional bar will undoubtedly be removed and the entire State holdings placed under proper technical administration, with the students from the State College of Forestry its managers. B. E. FERNOW. CORNELL UNIVERSITY. dent. Not only is it necessary to keep those accounts of financial transactions which any business requires, but each compartment in the forest must be kept account of, with a separate ledger account to show what material it has furnished, what stock remains in it, what operations it has required and whatever position in the general scheme it takes. A demonstration and experimental area, as the proposed school forest is to be, will, to be sure, entail many operations which in a mere business forest might be dispensed with or delayed to more opportune time. Hence its financial results on the whole may not satisfy the financier. No such experiment, it may be asserted, can be made to demonstrate the profitableness of a business; it can only serve to show methods and their results and to furnish the basis and elements for profit calculations. Nevertheless it is expected that the experiment will pay for itself, while furnishing the desirable object lessons both to the students and timberland owners, including the citizens of the State of New York, owners of the great State Park. When this experiment is established, and has demonstrated that rational forest management is possible in this country as well as in the older countries, the constitutional bar will undoubtedly be removed and the entire State holdings placed under proper technical administration, with the students from the State College of Forestry its managers. CORNELL UNIVERSITY. B. E. FERNOW. STATE PRINTERS, NEW YORK AND ALBANY. |