Polson Logging Co. - Stock Certificate
Inv# GS6107 StockStock. The Polson Logging Company was formed in 1895 and later bought out by Rayonier in 1948. The Polson Camps were located near Hoquiam in Grays Harbor, Washington. They owned many locomotives for their large logging railroad system. Rare!
Logging is the process of cutting, processing, and moving trees to a location for transport. It may include skidding, on-site processing, and loading of trees or logs onto trucks or skeleton cars.
Logging is the beginning of a supply chain that provides raw material for many products societies worldwide use for housing, construction, energy, and consumer paper products. Logging systems are also used to manage forests, reduce the risk of wildfires, and restore ecosystem functions.
In forestry, the term logging is sometimes used narrowly to describe the logistics of moving wood from the stump to somewhere outside the forest, usually a sawmill or a lumber yard. In common usage, however, the term may cover a range of forestry or silviculture activities.
Illegal logging refers to the harvesting, transportation, purchase, or sale of timber in violation of laws. The harvesting procedure itself may be illegal, including the use of corrupt means to gain access to forests; extraction without permission or from a protected area; the cutting of protected species; or the extraction of timber in excess of agreed limits. It may involve the so-called “timber mafia”.
Clearcutting (or “block cutting“) is not necessarily considered a type of logging but a harvesting or silviculture method. Cutting trees with the highest value and leaving those with lower value, often diseased or malformed trees, is referred to as high grading. It is sometimes called selective logging, and confused with selection cutting, the practice of managing stands by harvesting a proportion of trees.
Logging usually refers to above-ground forestry logging. Submerged forests exist on land that has been flooded by damming to create reservoirs. Such trees are logged using underwater logging or by the lowering of the reservoirs in question. Ootsa Lake and Williston Lake in British Columbia, Canada are notable examples where timber recovery has been needed to remove inundated forests.
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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