. Canadian forestry journal. Forests and forestry -- Canada Periodicals. The idea of insurance on : timber srrew out of observations and records obtained after six years of fire protection in the United States. In the years before adequate fire protec- tion to timberlands by Federal. State and private associations was afi^orded. there had been a disinclination to con- sider standing- timber as insurable, due to the lack of means for appre- hending and extinguishing incipient fires or combatting larger ones. After six years of fire protection carried on by^ over thirty private associat
. Canadian forestry journal. Forests and forestry -- Canada Periodicals. The idea of insurance on : timber srrew out of observations and records obtained after six years of fire protection in the United States. In the years before adequate fire protec- tion to timberlands by Federal. State and private associations was afi^orded. there had been a disinclination to con- sider standing- timber as insurable, due to the lack of means for appre- hending and extinguishing incipient fires or combatting larger ones. After six years of fire protection carried on by^ over thirty private associations, fifteen State departments and the For- est Service of the Federal Govern- ment, with the co-operative assistance of towns, railroads and other agencies, data was collected and combined to show the character of stands burned over, the extent and frequency of fire occurrence, situations most exposed, and total values destroyed in relation to the total value of all timber in the region. These data showed the average yearly loss in value over widely separated areas, as the Pacific Northwest, Quebec forest region. New England States, and the Michigan-Wisconsin region, to be below one-half of one per cent an- nually, which compared favorably with the loss by fire in all other forms of property. Presuming that the cost of manage- ment would also not much exeed one- half of 1 per cent yearly—the usual average cost of doing business in in- surance companies — the possibility of giving protection to their wood- lands was seriously considered in the winter of 1917 by a group of New Hampshire timberland owners. The various forms of commercial, mutual, and interinsnrance or^'anizations were studied, and it was decided that the mutual form was the most desirable to meet the State laws of New Hamp- shire and give the greatest latitude for organization. A bill was intro- duced and passed by the New Hamp- shire Legislature of 1917 to authorize the incorporation of the Timber Lands Mut
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