. Conservation. Forests and forestry. NATIONALIZATION OF OUR NATURAL RESOURCES 423 ceeds from such sales to be set aside for the exckisive use of this department. As, in the course of time, a vast in- come will inure to this department from the sale and lease of lands, sale of tim- ber, sale of coal and other minerals, sale and lease of water-power, and sale and lease of electrical energy, provision should be made not only to pay the in- terest on the bonds, but also, in the course of time, to retire them. In ad- dition, I would recommend that all moneys derived from the above-stated sources,
. Conservation. Forests and forestry. NATIONALIZATION OF OUR NATURAL RESOURCES 423 ceeds from such sales to be set aside for the exckisive use of this department. As, in the course of time, a vast in- come will inure to this department from the sale and lease of lands, sale of tim- ber, sale of coal and other minerals, sale and lease of water-power, and sale and lease of electrical energy, provision should be made not only to pay the in- terest on the bonds, but also, in the course of time, to retire them. In ad- dition, I would recommend that all moneys derived from the above-stated sources, over and above that required for the interest and retirement of the bond issues and the maintenance of the several divisions of the department, be distributed annually or biennially to the several states and the Federal Govern- ment, paying to each a proper and pro rata share according to the appraised value of the natural resources turned in by each to the general plan. The above, in brief, is my plan, and much as we may cavil at the radical rec- ommendations made, which differ from our present plan of operation, there is no doubt but what, sooner or later, there will be a general clamor for its adoption. In no other way can we ob- tain a true business administration and our natural resources should be regard- ed, exploited, improved, and conserved on business lines solely. Heretofore, whenever improvements have been made, such as forestation, reforestation, reclamation of swamp lands and arid lands, improvement of waterways and harbors, the work has been carried on in a haphazard, disjointed and incon- sistent manner, at an enormous expense to the people of this country, an ex- pense disproportionate to the benefits derived; my plan provides for a unifica- tion of efforts, and, what is vastly more important, the expense will be paid for by the improvements made; for in- stance, streams can be so improved that millions of horse-power of electrical energy will be developed, whi
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