5,000,000 Acres of Timber Land Needed.
Putting it another way, Mr. Lovejoy asserted that 5,000,000 acres of timber land were needed to establish the industry on such a basis, provided that only 100,000 acres were cut over each year. Compared with the 500,000,000 acres needed for all timber requirements of the United States, this is a small amount, he explained, and it is up to the pulpwood men to see that it does not get lost in the shuffle.
Fire and heavy taxes prevent the growing of timber from being an attractive investment proposition to the individual, but for a corporation it is different, said Mr. Lovejoy. Under proper management the forest land will begin to render return at once. Several pulpwood mills are already on this basis.
In closing, Mr. Lovejoy urged the importance of less severe competition and greater co-operation. Such changes were radical, but they must be undertaken to preserve the industry.