Tract #59

December 5th, 2013 by Lindsay

Tract #59 consisted of several parcels in Benton, NH:

59: 6,168 acres

59 I: 600.45 acres

59 II: 61.44 acres

59 III: 101.83 acres

59 IV: 139.90 acres

Total acreage:  7,071.62 acres

 

The Land Value of Tract #59 was $20,970

1.      Virgin Spruce: 2%, 178 acres and valued at $3 per acre for $528*

2.      Culled Lands: 35%, 2,468 acres and valued at $3 per acre for $7,404

3.      Second-growth: 50%, 3,538 acres also at $3 per acre for $10,614

4.      Sub-alpine: 6%, 431 acres on Mount Moosilauke at $1 per acre for $431

5.      Cliff: 2%, 176 acres at $0.50 per acre for $88

6.      Abandoned farmland: 5%, 381 acres at $5 per acre for $1,905

Total Value for Land in the Appraisal: $20,970

* The amount for Virgin Spruce is in error and should be $534

 

The Timber Values of Tract #59 was $99,108:

1.      Pulpwood: 25,801 cords valued at $55,967.50

2.      Ash: 90,000 board feet valued at $1,740

3.      Paper Birch: 9,812 cords valued at $26,244

4.      Other Hardwoods: 9,265 cords valued at $15,156.50

 

Total land and timber value was $120,078 or $17 per acre

 

The US Government made an offer of $93,705.19 or $13.25 per acre for the 7,072 acres of land. Bertram Pike accepted the offer and the records indicate he and the Pike Woodlands Company were paid on January 2, 1914. Pike sold additional lands to the US Government over the next few years. Pike apparently felt that the government offer was fair market value.

 

I [David Govatski] computed the value of the purchase price and per acre cost in 1914 dollars compared with the value of 2013 dollars. In todays money the value would be $2,194,097.65 or $310.25 per acre.