If you have read Steven Puter's "Looters of the Public Domain..",  you will understand the school lands were sold cheap and early by Roy Booth who was the State Lands person in end years of the 19th century.  
Isn't Lone Rock the timberland REIT of the former owners of Sun Studs,  the Sohn family,  one of whom was a State Board of Forestry Board member?  And not Roseburg or Seneca.