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Updated: June 2, 2025
When the material was sawed a Blue Star steam schooner would transport it to San Francisco Bay, and it would be stored in Cappy's retail lumber yard in Oakland, to be seasoned and air-dried; following which Cappy Ricks would let the contract for the building of the vessel to a shipyard on Oakland Estuary, and sell the builder this seasoned stock at the price of rough green material, even though it was worth two dollars a thousand extra not to mention the additional value for the extra-long lengths furnished specially.
It's a safe bet our lumber is going to pile up on the mill dock; hence, when the smash comes and the Sequoia Bank of Commerce calls our loan and we cannot possibly meet it, the lumber on hand will prove security for the loan, will it not? In fact, it will be worth two or three dollars per thousand more then than it is now, because it will be air-dried.
Wilhelm, experimenting with air-dried field-earth, exposed to air in contact with water and protected by a bell-glass, found that the absorption amounted in seventy-two hours to two per cent. and a very small fraction, nearly the whole of which was taken up in the first forty-eight hours.
They cover an area of about 11,000 square miles and are supposed to contain not less than 14,000,000,000 tons of air-dried peat. At the rate of three dollars per ton, which is a reasonable price in the states having no coal, this peat would have a value of more than $40,000,000,000.
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