holding no brief for the timberland owner, unite in saying emphatically
that its application to growing forests will retard or prevent
forestry in our country. These authorities include statesmen like
Roosevelt and our most prominent governors and senators; expert
authorities on taxation generally, like state, national, and
international tax conferences and professors of economics in the
leading universities; forestry authorities like Graves, Pinchot
and State foresters; and all the many associations and congresses
devoted to such subjects.

These authorities all agree that the forest crop should not be
taxed till harvested, but differ somewhat as to the degree to which
the public need of reforestation warrants deferring part or all of
the land tax also. This Association, after careful study of the
subject, including European methods, the experiments made by several
of our States, and the plans proposed by many others, believes the
following objects should be sought:

1. Greater permanent revenue to state and country than is possible
under the present system of destroying the taxable source.

2. Sustention of present revenue to the highest degree compatible
with permanence.

3. Assurance that the owner will do his fair part to make the land
productive.

4. Assurance to the owner in return that future action by the community
will not confiscate all profit resulting from his effort.