The Land Report

Winter 2014

The Magazine of the American Landowner is an essential guide for investors, landowners, and those interested in buying or selling land. The award-winning quarterly is known for its annual survey of America's largest landowners, The Land Report 100.

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The millions of acres of forestland that surround Gualala are home to the tallest tree on earth, the California redwood. Sequoia sempervirens does more than thrive on this thick coastal fog. It actually needs the smokey vapor to grow as tall as a 30-story building (360 feet). Although the average redwood lives 500 to 700 years, ancient ones reach back to the days of Caesar. Another singular quality of this species is that new trees will sprout from the stumps of ones that have been felled. Thanks to its natural acidic tannins, the redwood is rot-resistant, disease-resistant, and incredibly strong. Its value as a timber product is unmatched. Much of San Fran- cisco's early infrastructure was built with this magnificent tree, and, after the earthquake and fire of 1906, it was rebuilt with redwood. This unique tree has shaped Gualala's history, from the days of the Kashaya Pomo to its rise as a logging and sawmill hub in the 1860s to the late 1940s when three Floridians recognized its sterling qualities. J. Ollie Edmunds Sr., Sigmund Fogelberg, and Sherwood Hall had offices in the same Jacksonville bank building. During the Great Depression, the three began investing in Northeastern Florida timberland whose own- ers couldn't pay property taxes. Fogelberg and Hall were foresters. A lawyer and judge, Edmunds enjoys the distinction of being the sole alumnus of Stetson University to serve as president of his alma mater. Two factors motivated the trio: the economic realities of the times and a passion for the great outdoors. W I N T E R 2 0 1 4 | The LandReport 63 LANDREPORT.COM

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