Word: timbers
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Dates: during 1960-1969
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...slanderous to state that "because of federal limitations on logging operations and poor forest-management techniques, the Government's holdings yield only a quarter as much timber per acre as private timberland" [March 28]. The Forest Service has led the way in forest management. The national forests lend the only stability that exists in the timber industry, and on the poorest sites for timber production. The private timberlands, thanks to the generous land giveaways of the 1800s, are of deep, rich soils in the lowlands, while the national forests embrace the rugged mountain ranges that have thin delicate soils...
...industry regard real estate as a logical diversification. U.S. Plywood-Champion Papers runs 35 residential developments in eight states. National Gypsum last month agreed to acquire Florida's Behring Properties Inc., which is building thousands of homes near St. Petersburg and Fort Lauderdale. From its original base in timber, Boise Cascade expanded into both land development and construction by picking up five companies in three years. Now the Idaho-based company aims to become a truly nationwide builder of homes, so far an almost unheard of goal in the highly localized housing business...
...short years, the Soviets have become the largest purchasers of Malaysian rubber. As the flag follows trade, they have opened an embassy in Kuala Lumpur. They are offering the Japanese the opportunity to share in the development of Siberia's natural riches; one deal concerning timber has already been made. In addition, the Japanese are building a canning factory that will handle the catches from a substantial part of the Russian Far East fishing fleet...
...ceiling is too low. To discourage speculation in securities, the holding period might be extended from six months to one year. Congress also needs to redefine and limit the scope of investments eligible for capital gains. They now include not only securities and real estate, but ordinary dealing in timber and cattle breeding as well. Oil and other depletion allowances, which by Treasury estimates deprive the Government of $1.3 billion in revenue, have become the towering symbol of privilege and preference. They can spare oil companies and investors from taxes on 27½% of their revenue from operating...
...should help to relieve the shortage and ease prices. On the other hand, they would undercut Washington's goals of fostering free world trade and improving the U.S.'s balance of trade. In any case, Congress can scarcely overlook the need to revamp the nation's timber management policies. That is something that Washington has not done for 30 years...