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

EN ~ 80. ~ FhffR0tA ~ MMNA 1u1
famiiy 5 yrs. 1880
8# #f.tg .aaf Hne#a# .a -
Whole cost. &C., sl2,O8O
Thus il win be seen, that if The various
items Of expense are stated correctly, as
in general way believe they are. and
If 500 per an. be sufficient allowance
for the product Of The farm, whichis rsih-
er above an estimate have made with the
various particulars stated, the first FIVE
years Improvements bring the farm 10
something over 800 per acre in ihe mar
ket and the stock might be worth $1,000
more, 1.-The improver was now forced
70 sell, lie would lose $4,000 by the ope-
ration, and YET, those accustomed 10 Judge
only by the frst appearances would think
il as wonderful as well as profitable, that
land in only five years could be raised in
value from Eve 10 thirty dollars per acre.
In taking The same farm through another
five years course of improvement Of the
same kind, the expense would be consid-
erably less, by the reduction of the force,
say hand and half, and yoke Of OK
en-, and by The greater eheapness Of sup
port on farm somewhat improved. This
saving wonld amaun. 10 say $500 per an.
which would leave the annual charge oil
$1,000. This in 6seyesrs wouliamouu'
to wig. azHae - sss $1,000
Int. On sl2,Oso. per ct. for FIVE IA
years, a..r. I-a = ~aa& .-aaa 1894
| Personal attendance as before, $50
Cos, of fist five years, l2.osO
Whole cost in ten years, s23,454
The income Of the first years, fres.
500, THRILLED in the I'd term fa..r
ssi0O. which mulipliedby5, fe
gives ,ae s.aas.F s~ e l0,50O
Leaving a# -sa= ~-4--s.-t sla,e5i
As the Total net cost of the place in ten
years, when it would, according 10 my
supposi,ion, command $50 per acre, OF
$4,000, which would still leave the i'm.
proven minus about 90 1000, after deduct.
ing thousand dollars as the value Of the
stock. ls.. aa s..fz.@s $685. s-t .
! think such calculation fully sustains
my position, that, at present relative phi.
ccs, improved lands are much the cheap
est, since the adveniurer would probably
obtain property in the condition supposed
}, at the end Of the FIRST FIVE years for 81, 900,
while its cost was upwards of sl2.0 900
and the end Of the second for Sill ZOO
what has cost near $4,000. Il shows
too, that il requires less capital at peseni
to buy improved lands than to improve
I them. A judicious and industrious man
need not be afraid of large debt on a
good farm; whereas Improvement is a
;, continual and heavy drain on resources
and cannot proceed with debt.
! There is another TACT presented BY this
: calculation, which is not TO be overlooked,
viz: that improvements, however extern
tensive at first, do ultimately pay hand
! somely, since the loss of $4,000 in the
first term is reduced TO $4,000 in the Sc
cond, while third would show a hand.
some profit. II may perhaps be attempt
Nu " tutu uitS dgdust uSs ny ahhss soy
a period Of twenty, instead Of ten years
on The improving farm, and showing a
balance where the profits would make the
farm cost nothing. One must have but
humble views of prosperity if he is con-
tent with having lost nothing by the la.
Dor Of twenty years. But the true test is,
to start two men of equal capacity with
the same capital; the one on poor farm
to be improved. aud the other on one al
ready productive, and see how they stand
4 at the end Of ten or twenty years. The
man on The improved farm would be able
TO buy another like il before his COMPETE
tors would yield him support.
i II thus appears, ,hatin this community
the slow, ,oilsome and expensive process
lof improvement 10 not sufficiently appre-
ciated, and hence we find persons every
day declining good lands on account OF
their cost and adopting the doubly expen-
siya alternativp of imnroviur had ones