The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1876-06-30
m the Real Estate Register.

From the Real Estate Register.
Can a man in Kansas. following
a legitimate business, pay twelve
per cent. interest, and still make
money enough to warrant him in
borrowing money at that rate?
Our readers in New Yerk, Penn
sylvania and other eastern states,
will say at once that he cannot.
Now, let us see. We will take,
for example, a man living in this
county. He has 100 acres of land,
more than 100 acres of which is
in cultivation; has three boys,
about IA, 1G and Is years Of age,
He has but little stock except
teams, and has not the means to
buy, except he borrows. Suppose
he borrows $1,000 for five years,
at twelve per cent. and puts it in
to sheep, getting 300 ewes. At
the end of the year he has $l20
interest to pay, but he should
have at leas $50 lambs, worth 5000,
and 1900 pounds of wool, worth
four hundred dollars more. The
only expense is the keeping, which
for eight or nine months will sim
ply be the time of one of the boys
as the grass costs nothing, and he
does not own or pay taxes on the
land they Craze on. For winter
he should have 60 or 70 tons of
hay, which is only the labor of
himself and boys in putting up
say six days. They should
have the grain from a few acres
Of titled land.
Now, deducting the interest
from the wool money, we have
two hundred and eighty dollars
left, which will cover all the ex-
pense of the sheep for the year,
leaving The $50 lambs as clear
profit.
To continue: the $50 sheep for
the second year should have at
least 800 lamps, and shear 1850
pounds of wool, worth seven humid
red dollars, which will more than
pay the interest and expense of
keeping, as the Same boy can han
die two or three thousand during
the summer, and the others can
help, as we'll as not, in the winter.
The third year he should have
500 lambs, and wool worth 81, 1875;
the fourth year 700 lambs, and
wool worth 81, $50; the fifth 900
lambs, and wool worth S2,G25.
This will pay off the principal and
interest, 81, l20, and leave 81, IO5
for expenses, which it will more
that cover, and the farmer has his
flock of 5000 sheep clear of all
expense, over and above paying
that awful twelve per cent.
These are no exaggerated figures,
rs Mr., SCOTS experience tor the
past nine years abundantly proves.
His flock has increased more rap
idly-only he has kept the mum
Der down by selling, they have
sheared larger average'by one
fifth, and he has obtained higher
figures for his wool. He receiv.
ed 81, 7SO for this years clip from
$50 sheep.
The great point of Difference be-
tween the business here and in
the more eastern States is this:
this man does not have to invest
q cent of his capital in land be-
cause of the increase of his stock,
nor does he have the tax to pay
on it even.
There are large number of
men in this country in similar
circumstances, who would be glad
to borrow more or less at these
figures. giving abundant security
upon real estate, and who would
put the money to this very use.
We shall be glad to hear from par
ties having funds to invest, and
We will place funds for them, free
OF expense, bearing II per cent,
payable either annually or semi
annually. We furnish abstracts
showing condition as to leins,
Judgments, taxes, etc, and per-
sonally examine every tract as to
its worth, improvements, etc. In
fact. We do anV7 bnsiHess emf
ted to our care, on the square,