Forestry also should be borne in mind in measuring the enlargement of the nation's economic power through the work of the National Construction Reserve, not only the perpetuation of present forests, but the establishment of new forest plantations by planting trees. The forestry resources of the nation should be administered and developed on a business basis. Forests should be planted on every acre of land better adapted to forestry than to agriculture. Forest plantations should be established and maintained near every city or town that would coöperate by maintaining a Forestry and Homecroft School as an adjunct to the forest plantation established by the national government. The value of matured forests should be carefully estimated, and the length of time required to bring them to maturity. Forestry Construction Bonds should be issued to cover the cost of the work of the Construction Corps of the Forest Service. They should be 100 year bonds, issued under a plan that would carefully estimate the income that would be derived from the forests after they had attained to maturity. The first fifty years should be allowed for the period of growth, during which only the interest on the bonds should be payable. The second fifty year period should be the period of liquidation, during which a sinking fund would be accumulated from sales of wood and timber sufficient to cover the entire principal of the bonds, in addition to the amount paid for interest thereon during the full term of one hundred years through which the bond would run. The generations of the future, who would derive the benefit from the work of this generation, would provide for the payment of the debt from the income from the forest resources which had been created for their benefit and bequeathed to them by this generation. A hundred years is none too far ahead to plan in formulating a great national forestry policy for such a nation as the United States. The adoption of the policy of developing this branch of the country's resources and economic power by a Forestry Bond Issue relieves the plan of any difficulty that might otherwise arise if the expenditures had to be met from current revenues. There is no right reason why this generation should bear the entire burden of planting what future generations will harvest. This generation would get a large benefit, but the benefits to future generations would be far greater. They would inherit the vast resources of wood and timber which would be created by the wise forethought of the present generation.