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Abstract
Excerpt: A good yard stick of the practical importance of an industry is the number of people that it supports, the value of the products that it manufactures, and the capital invested in it. An examination of the lumber and timber products industries of the Lake States from this point of view reveals that in 1929 more than 32,000 wage earners, probably representing a family responsibility of more than one hundred thousand people, are dependent on these industries for a livelihood and would have to seek jobs elsewhere if the supply of raw material should play out. Furthermore, under such a situation products worth nearly one hundred million dollars would no longer be manufactured, and the opportunity of amortizing a capital investment of perhaps 40 to 45 million dollars in plants would be pretty well wiped out.