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. 1898 edition. Excerpt: ...are fair market rates and more favorable than the owners of a property of eighty thousand acres more or less, as favorably situated in the Adirondacks, have this same year been satisfied to accept for logs, without disposing of the cordwood. Financially, it may be argued, that the contracting away of stumpage at present market prices for fifteen years is unsound, as a rise in value is likely to occur. Such rise, to be sure, is not likely to occur in cordwood which is actually the more important item, whether considered in its gross or net amount. For spruce and other softwoods the contract price runs only for seven years, then to be readjusted according to prevailing market rates. A private owner, managing his own property for what he can make out of it, could very well take the risks and advantages of a varying market, such as a public institution, from which a continuity of performance as a demonstration is expected, could not take. This practical consideration alone made it desirable to settle the market question, for the bulk of the crop at least, at once for the entire period of the management of the College Forest, even at a possible financial disadvantage. Moreover, to secure a market where none existed at all could only be accomplished by offering sufficient inducements for manufacturers to establish their costly plants. First Logging Operations. The final contract was concluded in July, with the location of the factories at Tupper Lake. The laying out of the railroad was at once begun by the manufacturer, and the construction of somewhat over four miles was completed by December 15th. A spur of somewhat over one and one-quarter miles was built by the College, and has been finished, all but the laying of rails, which was prevented by the...