. Canadian forest industries 1894-1896. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. THE CJLITJLIDJL IvUMBERMAH April, 1896 I imagine that I am not the only individual who has more than once since the opening of the new year asked himself the question : " What is the meaning of the long list of business failures we see chronicled week by week in the news- ? Does it mean that, instead of experi- papers have encing improved conditions, as many told us we shall, things are going from bad to worse?" After having revolved this question in my
. Canadian forest industries 1894-1896. Lumbering; Forests and forestry; Forest products; Wood-pulp industry; Wood-using industries. THE CJLITJLIDJL IvUMBERMAH April, 1896 I imagine that I am not the only individual who has more than once since the opening of the new year asked himself the question : " What is the meaning of the long list of business failures we see chronicled week by week in the news- ? Does it mean that, instead of experi- papers have encing improved conditions, as many told us we shall, things are going from bad to worse?" After having revolved this question in my mind for a month or more without being able to arrive at a satisfactory solution, I fired it without warning at the manager of one of our leading banks, whom I chanced the other day to meet. His answer was reassuring, and therefore I have thought it advisable to quote it here. He said, "I think this batch of failures is the last we shall see for some time to come. It is, I think, the wind-up of that class of people who were caught without sufficient capital in the recent commercial depression. Without the means to weather the storm, they have one after another gone to the wall. I think, as I have said, that we are now seeing the last of them. So far as my observation goes, I am led to believe that the business situation is undoubtedly improv- ing, and those who have managed to pull through the gale may now expect smoother ; So mote it be. * * * Slow trade conditions, such as have prevailed in the lumber business during the past year or two, if of no other advantage, certainly cause men to think. I have recently been wondering what is to be the future of white pine in Ontario, and must confess to being somewhat puzzled on the subject. While talking along this line a few days ago, Mr. J. H. Eyer, lumber merchant, ot Toronto, remarked to me : "It appears to me that white pine, which was some years ago the rich man's lumber, is now the poor man's lumber. Wha
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