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The general average declines after the panic of 1893, recovers in 1896, advances in 1898-1903, makes very little gain in the dull year of 1904, and then rises rapidly again in 1904-7. But the degree of rise and fall is considerably less than that of commodities at wholesale and just about the same as that of food at retail."
Congress enacted this law in 1897. Thereafter the Department of the Interior had active charge of the timberlands. At that time little was known scientifically about the American forests. There were no schools of forestry in this country. During the period 1898-1903, several such schools were established.
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