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The Wisconsin Pine Lands of Cornell University

Amazon.com Price:  $5.69 (as of 03/05/2019 03:46 PST- Details)

Description

A provision of the Morrill Land Grant Act of 1862 allowed Cornell University to acquire 500,000 acres of valuable timberland in northern Wisconsin. Even if most land grant universities instantly sold the federal tracts that had been allocated to them, Cornell held the land to allow it to understand. Whilst the university used to be guarding its rights as a trustee of this estate, coping with the supervisors and tax collectors of a number of counties, and negotiating with lumbermen, it didn’t escape criticism for its role as an absentee landlord. As Paul Wallace Gates details in The Wisconsin Pine Lands of Cornell University, the university’s perseverance paid off―the eventual sale of surface rights to the land yielded a five-million-dollar endowment and is considered one of the crucial successful episodes of land speculation in U.S. history.

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