Re: Lee Valley Slick
It rots readily on the tree, hence the beetles, termites and bugs found in it. Once you fell the tree, it becomes extremely rot resistant. Resist the temptation to simply huck it up and burn it. If it wasn't for the locust beetle ravaging the forests, this would probably be the number one North American commercial timber. It does just about everything you would hope a wood can do. It's heavy so don't build a lightweight boat of it but it steams well, bends well, holds fasteners well, glues well, resists rot, is about 20-30% stronger than white oak (QA), makes excellent fence posts as noted above, and I was told recently by a NA that it is surprisingly suitable for planking, not just structural members (if you can find it in the lengths needed but epoxy allows you to glue a few pieces to get the length you need).
As Paul said above, it's difficult to find in any size due to the reasons stated above, doesn't dry easily without twisting and cracking etc. but if you have some sizeable chunks and can slab it up and dry it into nice pieces, I'm sure there are people who would pay to get their hands on the pieces. I am always on the lookout for BL. Ledger used it extensively in his build as did Lin and Larry in Taliesen. It truly is a remarkable wood. Because it volunteers so readily, it's wonderful to coppice for things like tool handles or fire wood. Chop down the tree, let a stem grow from the stump and you'll have a ton of stems growing pretty quickly. This provides a well established root system for a few small branches so they'll grow very quickly. Cut them down when they're the size of stove wood and you've got a ready supply of very hot burning wood for heating and more stems will volunteer to replace the ones you've cut. I'd love to have a stand of BL on my property. I've only ever been able to grow a single tree from all the seeds I've purchased and it's growing very slowly in my chicken run. The birds should keep the bugs at bay. 1-2 an acres of mature BL and I'd be in heaven for boatbuilding wood. It is hard enough to take a polish if you like and in my mind is better in all respects but one than any of those expensive exotic hardwoods like teak or Mahogany. It's not quite as beautiful. It has a golden greenish hue to it that I'm still not completely sold on but all the other qualities of this remarkable legume (yes, it's a legume as it grows beans) keep it firmly in the number one spot in my mind as far as a building material for boats.... or anything else really.
If one advances confidently in the direction of his dreams, and endeavors to live the life which he has imagined, he will meet with a success unexpected in common hours.
-Henry David Thoreau-