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Updated: June 2, 2025
Directly or indirectly, he was back of it. I haven't had much of a chance to talk to you, Agnes, but this much is a certainty: Thayer is my enemy, for business reasons. I know of no other. He believes that if he can make the going rough enough for me that I'll quit, lease him my stumpage, and let him go into business for himself. So far, he hasn't had much luck except to tie me up.
But the timber could be bought on a stumpage basis, the lake and flume leased, and with a new mill "I understand the whole thing now!" There was excitement in the tone. "They can't get this mill on account of the way the will reads. I can't dispose of it.
It seemed to Nan that she had been traveling through forests, or the barren stumpage where forests had been, for weeks. "Here's where we get off, little girl," Uncle Henry said, as he seized his big bag and her little one and made for the door of the car. Nan ran after him in her fur clothing. She had found before this that he was right about the cold.
He had sold only stumpage, which meant that the Blackburn camp had the right to take out as much timber as it cared to, as long as it was paid for at the insignificant rate of one dollar and fifty cents a thousand feet. Thayer and the men in his employ could not keep him out of his own woods, or prevent him from cutting his own timber.
It was while smarting under these criticisms that the steward one morning in June brought him his letters. One was from Monteith Class of '9l a senior when Muggles was a freshman and was postmarked "Wabacog, Canada," where Monteith owned a lumber mill and where he ran it himself and everything connected with it from stumpage to scantling.
The government is leasing immense areas on a stumpage royalty of about 1 per cent., and as railways are built the industry will expand. Fortunately, there are strict regulations to prevent the destruction of the forests. They must be used, not wasted. The authorities realize that while timber is a crop like other crops, it differs from the other crops in that the harvesting must never be complete.
He rolled out one of his jolly chuckles. "Lumber barons!" he chortled. "Oh, it's easy enough! Any mossback can make money lumbering! Here's your stumpage at a dollar a thousand, and there's your lumber at twenty! Simplest thing in the world. Just the same there are more failures in the lumber business than in any other I know anything about. Why is it?"
As always, he was immaculately dressed in neat gray clothes, and carried in one corner of his mouth an unlighted cigar. "Joe," said Orde, spinning a chair to Newmark's roll-top desk and speaking in a low tone, "just how do we stand on that upper peninsula stumpage?" "What do you mean? How much of it is there? You know that as well as I do about three hundred million." "No; I mean financially."
That's one of his best little bets," he added sneering, "to lose his memory." "I've never lost it yet!" "No then you can forget things awfully easy. Such as coming out here and pretending not to know who you were. Guess you forgot your identity for a minute, didn't you? Just like you forgot signing this lease and stumpage contract! Yeh, you're good at that losing your memory.
Thorpe, you overreached us nicely; and I suppose we must pay for our carelessness. We must have that pine, even though we pay stumpage on it. Now what would you consider a fair price for it?" "It is not for sale," answered Thorpe. "We'll waive all that. Of course it is to your interest to make difficulties and run the price up as high as you can.
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