Word: timber
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Dates: during 1970-1979
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...seen such a tumult over timbering since the great conservationist Gifford Pinchot took on bureaucrats and lumber barons at the turn of the century. On one side are the U.S. Forest Service and the $57 billion-a-year wood-products industry. Opposing them is a coalition of environmental groups. At stake: how the nation's 183 million acres of federally owned forest should be managed-including how much timber should be taken out of them...
That is no small issue. For years the Forest Service has sold private companies the right to cut timber in national forests. Even last year, when demand was dampened by a slump in home building (housing starts were 43% below 1973), the harvest from 155 national forests still topped 9 billion board feet, or 27% of the industry totals. Most of it was softwood for paper products and the building industry. But now this arrangement has been completely upset by environmentalist suits...
Grave Doubts. Every modern timber company clear-cuts where possible. The practice confines the harvest to one area and makes reseeding easier; thus clear-cutting can cost a lumber company about 50% less than cutting only selected trees. The industry thus was shocked when a higher court last August upheld the Monongahela decision. Then in December a federal judge in Anchorage cited the same decision and voided Ketchikan Pulp Co.'s 50-year contract to take 8.2 billion board feet of timber out of Alaska's Tongass National Forest. The ruling cast grave doubts on the legality...
...opposed to a national average of 1.8 per cent. This overutilization of the property tax is more shocking when one learns that the system is applied in an inequitable manner. A huge percentage of the land in Alabama is held by paper companies, which use the land to grow timber. Property tax assessment of the land is based on the last selling price of the land. Since the paper companies have owned much of their land for decades, the companies often pay only a few pennies an acre on extremely valuable land. In Montgomery County, for example, large tracts...
Claudine and Sabich met at a 1972 celebrity ski race in Bear Valley, Calif. Friends say Sabich built his sumptuous $250,000 timber and stone house at exclusive Starwood, three miles west of Aspen, expressly for Longet. Sabich, the son of a Placerville, Calif., cop, finished a highly respectable fifth in the slalom at the Grenoble Olympics in 1968, turned pro in 1971, and started earning big money. His prizes alone topped $50,000 in 1972, and he pulled in at least that much in endorsements for everything from ski products to coffee...