The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1844-02-29

fhe magic ~ reEdy money 81 eoneenlTa-
ied laber. a Improved machines. viii BE-
On the side % The espiszliss. whils his
enmpehior % making wish bis limited
means q progress 50 painfully Sow and
expensive. thai nothing bui he most M
eonqusrsble energy and iroa eonssinnen.
qnsiiiies whieh in better theatre might
have made their poesessor sieh o. gress,
can bear him through.
Ihold d bcsifor he man ofsmalI mezns,
% lny less land. n buying more 10 leave
. portion unpaid Cor, that he may reserve
10 himself Ihe means of working Il 10 lhe
best advantage an Car from counsel
ling the contracting Of debt. bot there Is
. right and wrong way OF doing even
this. IL Is impossible 10 eondnrl . farm
Without means, even iii . necessary 10
60 m debt for them. TO ask credit from
all with whom Won may deal, Is q most
miserable policy, and surrounds you xilh
petty difficulties of The most annoying
character. Il b better 10 owe one man a
thousand dollars than fieenfy men fifty.
Instead of moneyed mortgage who is
probably satisfied with his interest pune
lually paid, you will hare merchant, me-
chanie, day laborer and neighbor on your
bones. Twenty claims of the = small
debt' genus within The jurisdiction Of a
single magistrate" pursue you. Your
nose Is on the grindsione, and fresh
<nsn ready 10 take the handle whenever
tired one lets 90. You must thresh
when you should SOW. and sell IN the Cali
to buy again in The spring. You are
charged two prices because you make al
wait. and pay Gfiy per cent. in your bills
because you were afraid Of ix on mort
gage. A portion af your profits will pay
debt judlciou,ly contracted, while one
OF another character will prevent your
making any profits Al all. You may car
ny load comfortably on your back, and
still have your hands free; but take il in
your hands and you cripple your whole
body. ~ ,
In fact, the process OF improving, is
n,thing bu, adding 10 the value Of land.
BY mixing as il were capital whit The
yefy name of Improvement implies ex-
pense. Whether ,hst capital be in the
form Of labor that we hire, OF that we
ourselves perform, in manures that we
purchase, or such as we manufacture, are
questions only Of economy, and. do moi
Affect the principle. For The sake Of an
illustration. lslas torn oil The asaas seces.
sary for rorking and improving alarm The
unprod.cfire, and the land the productive
capital Of The farmer, since il is from the
land the product Immediately comes. n
will now be seen, that The ecnssaa, affar,
OF the improving farmer, is, TO convert
his unproductive into productive capital.
His operative force, although necessary
to conduct the farm, is yet heavy bur-
den on the proGts. $500 pen anaum
spent on farm is interest on SIS, 900,
which Er all practical purposes may be
considered the amount Of his unproduc-
tive capital. BY removing stone, grub
bling, di,ching, fencing, bnilding; in short,
by ehecting any permanent, Improvement
he converts portion of his unproduclive
into productive capital. IL by such
means he can reduce his annual expendi.
lures To 81 200, he has done what is e.
quivalent to converting one third of his
unproduclive into productive capital; eve.
~ labor saving machine. every improved
process. has similar eiiec.-and il is by
these means, all of which are expensive
in the extreme, that Improvements are
made. ..ss sea XII. r
The man who invests his money IN
land which has thus been put into the
most productive state. is al least certain
Of one thing; that he will at once get the
best return for his money that agriculture
eau make. lie puts himself beyond The
reach Of unfortunate experiments, while
the man who has every thing to do fol
himself, though he may have the greater
pleasure, will, at the same time, incur the
greater risk. But If, as shall now pro-
coed to show, The capitalist may in mos
parts of Baltimore county buy improved
lands at less than their improv ement:
cost, or than he could improve them for
think ! shall convict all Of folly wht
will buy andimprove poor lands until theil
; proplrlionae cost be much less than a
J present. =
: To get room for calculation, we vii
assume, that farm from twelve To fiiteer
miles from Baltimore Of two hundred a
cres, with good buildings. after a ter
/ years couise Of improvement. in which
!, two Innings, each of so bushels. shall
:. have been given to each arabic acre. ant
: plaster, clover and the manures OF the
, farm judiciously used. will bring in the
n,arke, $50 per acre; and that its frs
cost was s5 per acre, with no improve
ment of any description. | propose in
, the first i've years 10 free the land of stone
and prubs, to fence and ditch it. I" put on
, 1899 bushels lime annually and cree
/; buildings of the right kind. 1t will re-
: gu 70 for that period annually @s@
A .,>a., l,c,rI aud an aas aach a 40. &6G(