The N. W. Lumberman of Chicago says: " There has been much said of - late about the rapid exhaustion of the supply of black walnut timber in this country. Sensational newspaper writers and hard-fisted individuals having a little walnut timber, for which they are anxious to get as good a price as possible, have industriously spread the report that about all of this kind of wood has been consumed, and that the supply remaining will not suffice for the requirements,of a dozen years. It is declared that black walnut trees are becoming almost as scarce in Ohio and Indiana as date palms, and that the time is near at hand, indeed, when the most diligent searching will fail to disclose a single specimen. "While it is no doubt true that the supply of walnut, like that of every other commercial wood, is rapidly diminishing under the constant and ever increasing industrial demands of the country, we are inclined to believe that the end of it is still a long way off. In conversation recently with a hardwood lumberman of very wide experience, this subject was brought up, and he expressed the opinion that there is no necessity for the present generation, at least, to become alarmed about the stock of black walnut.

There is no small amount still standing in Ohio and Indiana in spite of all that is said about the impossibility of finding it. Farmers and landholders who came into possession of the timber when it was comparatively valueless are holding it very much as they are their bank stocks or Government bonds, if they have any, as a provision against a rainy day. Occasionally one of these men die, and in settling up his estate the black walnut is thrown on the market in lots varying from 100,000 to 1,000,000 feet. Our informant states that such sales are very frequent, and prove-pretty conclusively that Indiana walnut is not a thing of the past. And besides, there are extensive sources of supply that have not yet been touched. Walnut timber is found even in Alabama, and in Tennessee there are vast acres of timber land within whose limits the sound of an axe has never been heard. Black walnut may become scarce, but we venture to predict that the supply will not be exhausted while any one now living remains upon the earth".