The growth of timber is slow and under present stumpage prices and rates of taxation there are comparatively few cases where the sale value of the crop equals the cost of growing it, if a fair rental for the land is considered. It is true that most of the forests are on lands that could not be used for anything else, but it is not fair to expect the landowner to produce timber which is a public necessity, the use of which is only less universal than food crops, at a financial sacrifice. Increasing prices and better forest management are relieving the situation to some extent, but the most effective, as well as the most equitable way, is through a change or modification of present tax laws. PROFESSOR EDWIN R. A. SELIGMAN, Columbia University: The general property tax as actually administered is beyond all doubt one of the worst taxes known in the civilized world. Because of its attempt to tax intangible as well as tangible things, it sins against the cardinal rules of uniformity, of equality, and of universality of taxation. PROFESSOR ALFRED AKERMAN, Georgia University: One reason why it (the general property tax) is so outrageous in practice is that it is wrong in theory. The mere possession of property may or may not be an index to the ability of the owner to pay tax. It all depends on whether the property brings income. ALLEN HOLLIS, Secretary Society for Protection of New Hampshire Forests: Taxation today, in my opinion, is the greatest menace to forest preservation. One principle is absolutely sound--we all know it, and what we have to do is to make everybody else know it--and that is, that the annual taxation on a crop which is constantly increasing in value each year means confiscation of that property. It is submitted here that no single factor bears so definitely upon the future of our forests as this constitutional requirement of equality in taxation. As a business proposition, no one can afford to hold woodlands and pay annually 2 per cent upon their actual value, increased each year by growth and advancing prices, during the fifty to one hundred years necessary for maturing the crop. CHARLES LATHROP PACK, Director American Forestry Association: While the nation and the State are working to devise ways and means of conserving our forest resources, we are at the same time, in a real sense, taxing our timber to death. Our present tax laws prevent reforestation on cut-over lands and the perpetuation of existing forests by proper use and economic cutting. STATE OF MICHIGAN FORESTRY COMMISSION (extracts from report to governor): The system of taxation should be modified so as to stimulate timber production instead of repressing it.