The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1903-12-17


boys clothing I will make discount
of form Is to so per cent until stock
is sold. On these goods I will make a
special sale, and the goods are all 60
ing to be sold just as I say. We have
a lot of boys overcoats for youths
from twelve years up, and also lot
of boys three-piece suits that are to
be sold at prices that are sure to close
out the stock. I seldom advertise. but
when I do I propose to do just as I
sayN
Those looking for bargains in cloth.
ing had better look up this PROPOSE
ton.
What the Pine Tree Has Done for The
Common Schools of Minnesota.
With but one exception the pine tim
Der of Minnesota has contributed more
for the support of the public school
system than any other source of rev.
enue devoted for that purpose. Dur
ing the years of statehood up to July,
1903, the amount derived from the sale
of pine timber from school lands was
over million and a half dollars
more than the combined income from
royalties on iron ore, mineral con-
tracts and leases. sales of right of
way. forfeitures and profits from
the sale Of bonds. Only the sales of
the lands themselves have contributed
more to the permanent school fund OF
the State. On July 81, 1902, the report
of the superintendent of public in
structiOn showed this fund to be Sl4.-
31G. 1863. OG which is the largest perman-
ent school fund of any state in the
Union excepting Texas
Nothing can call to mind in a more
forceful manner the part the lumber
industry has played in the develop
ment Of this commonwealth than the
aid it has given to the cause of COM
mon education. The permanent school
fund was established when the State
was organized and the policy then
adopted has been steadily adhered to
by which the timber upon the lands
granted to the State for school pur-
poses was sold separately and at such
times when the best market value could
be obtained. The practice has been to
dispose of this timber at annual pub
lie sales to the highest bidder. From
these sales there had been realized up
to the time Of the last report of the sup
erlntendent the sum of s., GAG, 600. 81.
the sales since that date to October l,
1903, have added $500, 7S4. IS, and the
end is not yet. This does not include
the amount contributed by the pine
timber to the permanent university
fund which is 1869, 676.7l. Combining
these totals we have therefore the dig
nified sum of So. 507, 1854 contributed
from the pine forests of the State for
the maintenance of it's school system.
The facts connected with each sale
of pine timber upon the school lands
support the conclusion that the State
has always been a party to strictly
business transaction and that it's tim
Der went for the true market value.
The procedure has been to first make
an estimate of the timber on each Sec
ton of land and to appraise the value
per thousand feet. On this estimate
and appraisal the land was offered.
Twenty-Five per cent only of the
amount bid per thousand feet at the
sale was required to be paid down and
the balance was determined by the
final scale after the timber was cut.
This has protected the State from I'M
fair estimates and has secured to it the
fair end of the bargain. Comparing
the amount thus realized with the acre
age and estimates it may be safely
concluded that Minnesota has had
value received for it's stumpage.
The State has 982, 900 acres of school
lands still unsold valued at S., 1923, 600.
OF this by far the major portion are
either timbered or cut-over lands once
covered with pine. The recent inves-
LEGATIONS of the bureau of forestry say
that much of this land is better
adapted for reforestation. Should
this suggestion be found true, and a
portion of these lands devoted for that
purpose the schools of the State have
much more in store for them from the
pine tree. mississippi VallY Lumber