The aegis & intelligencer. [volume] (Bel Air, Md.) 1864-1923, 1884-04-11
HOW TOPAYFOR A FARM.
The Deer Or eek Clubs Advice to Young
Farmers I'm Debt.


gathers ten dozen eggs every day.
Mr. Webster said his stock cattle had not i'm
proved as they should have done and ne though
They were kept up in box stalls at night and fec
meal. In the day time they W re turned out ant
fed on fodder in the field.
Mr. Munnikhuysen suggested that cattle SHOULD
not he stabbed part of the time and turned ou
the remainder of the day. If Ted out they should
b" kept out all the time.
Mr. Webster thought he had also made another
mistake by not buying blooded cattle, which he
thought paid better when fed in the stable than
The Question discussed was: Paying one.
third of the purchase money on Il farm, is it pos
sible for man tn pay the remainder and keeI
up the improvements out of the profits of the
farm?"
To regard it ms impossible, but upon thinking over
the subject carefully, he concluded it could be
done and in looking around his neighborhood he
found il had been done. 1t would require about
twelve years in which to pay for the farm and a
man must use the same industry, economy and
other business qualities which would be necessa-
ny to success in any other occupation.
Suppose a young man buys farm of 100 acres,
paid $4,000 OF course it is taken for granted
that such a farm has pretty good buildings and
fencing and the land not poor. Let him divide il
into six fields of 10 acres EACH leaving 20 acres in
His expenses the first year would be as follows:
Interest S2i0 fertilizers, ton to acres for
$ls7; follow the corn with wheat, applying 800
lbs. bone and 300 lbs phosphate per acre, $ls7 {;
wages and board of one man months $2l6; ad-
insurance. $35: repairs, S25; biacksmithing, $40 ;
seeds $40; personal expenses S2n he should
ty paper costing say SO, and pay his minister
say Si2. Making altogether sl,3ls.
of corn TO the acre, or IA barrels, worth $500 is
bushels of wheat per acre, or ISS bushels worth
$7Ss cattle worth SlSS hay profits oft of orchard
their have increased his debt $3.50
The second year his expenses and receipts
would be about the same as the first.
The third year there would be the addition of
$50 interest on the $3.50 debt of the first and
second years, making his expenses, Sl2is. The
crop of tons to the acre. 30 tons. worth SEQ
making total of lbs, and the amount of
receipts and expenses about eyen.
The fourth year his interest account would be
$40, and $40 floating debt. which could be paid
by the hay $40, and increase in cattle, $50, max
ing 1890, thus leaving $40 in favor of the farm,
outside Of the original debt.
The fifth year he owes interest, $40. He has a
balance of $40 in hand hay crop, $270 increase
in stock ST. total $65','eaving balance in hand
The sixth year he begins to go over his fields
again, his current expenses being S., lO3 Against
this he ought to raise 13 barrels of corn to the
acre, $3.50 20 bushels wheat per acre, s4is 80 tons
hay, S270; cattle 10 head, 800 orchard, hogs,
&c. $3.50; stock and poultry 800; balance on
hand $4lj. In all $2,lO3, the farm account being
even.
The next year he ought to be able to make a
payment of $500 on the principal of his debt, and
each year wo nd qmnsn In interest
would be paid for and worth double its original
cost.
Young farmers are inclined to think IL years
an eternity, but If they are industrious and
manage properly they can pay FOR farm under
the circumstances named. MIR. webster said of
course he would expect his young farmer to have
a good wife.
Mr. Edward H. Hall said Mr. Webster had not
allowed enough fer labor and personal expenses,
and thought very few would succeed under such
circumstances.
Mr. John Moores thought it could be done, but
the man who undertook it must have muscle, in
dustry and close application He must live with
in his means and not ride around the county in
a fine buggy The feat has been done. He
knew man who, 2S years ago, worked at 80 cents
a day had no capital but raised family, bought
a farm and now has money on interest, and owns
bank stock.
benjamin Silver, Jr, said it was possible but
not probable that the farm would be paid for
The young man would do better to invest $4,000
elsewhere and work ut something else. Mr..
Websters reasoning makes no allowance for wet
days or badcrops.
Geo f. Silver said that it had been done and
could be done again, and while majority of those
who undertook farm burdened with such debt,
might never pay the debt, they might improve the
farm, live comfortably, raise family and be bet
ter off. even if the farm were sold, than if the
5000 had been invested in something else
Johns ii. Janney did not believe more than one
man in one hundred would succeed under such
circumstances. He had also figured it out, but
from different standpoint Take farm of $50
acres, costing $500. The cash payment would
be s., 500, leaving on mortgage 5000. The inter-
$50 interest on cash payment, $50; total $67O3.
Ten dollars an acre would probable be fair est-
mate of the receipts, which would amount to
$l,G0, leaving $S2a.89 to pay the cost of living,
hire of hands, &c. A better way would be to rent
the farm at say $500 and invest the $500. The
account would then stand MS follows: Interest on
$780, $50 possible receipts of farm, $l5OO total,
$1650, leaving balance of $50 after paying the
rent The dlifersnGe therefore, in favor of rent
Judge Waters thought it possible the farm
could be paid for, but it could not be figured out.
1t is said figures will not lie, but if you guess at
the figures which form your premises, the concu-
sion is only guess, after all. If a farmer in
vests all his money to pay on farm he can't go
must be economical and work besides
Mr.. Cummings said Mr.. Webster's figures show
it can be done, by good Judgment, economy and
close attention. The best argument in its favor
is that II has been done.
X. John Rogers regarded it as possible by the
the right kind of man. Twenty years ago there
were people who could do it, and the advantages
for farming are now superior. Improved imple-
labor Two men can now do as much work on
farm as four men could 30 or40 years ago. If a
man makes up MS ming a., to Gay for his
ing over renting is that Il man is not liable to
be turned out year by year.
Sas B. Silver thought it could 'be done, but q
man must save every cent possible. He must
selecth' farm with care and for $1,000 ought TO
acre. He should be prudent in stocking his farm,
buying oniy such stock and implements as are
absolutely needed. small farmer, working
with his hands. can get more out OF them than a
Geo. J. Finney thought it did not often happen
that man gets out of debt in case as stated by
Mr.. Webster.
Alex. M. Fulford said it could be DONE but it
depended on the man himself. He must buy
judciously, watch his expenses closely. practice
work, to succeed, At The same time he might
have raised family and been as happy as most
ported in Bradstreet
seldom probable that the farmer would pay out
Much would depend on his family: He would say
not get along if married. to marry rich girl or q
working girl
Il. p. Moores thought a man could succeed, II
he started with sufficient stock and good business
ideas.
John c. Rouse said he had known farmers who
account pay their heir store BILL he had 5000 he
would rather put 1t in farm and go in debt 81
600 than put his money at interest and work by
energy and good management. 1t s a mistake
for man to pay all his money on a farm and &C
in debt for stock and implements. He would
start at a disadvantage.
VIM Munnikhuysen said it was possible but no
very probable, 1t depends on the man., as hat
been suggested. He would not advise friend tc
try IL, but would tell him to invest his money anC
allow it to accumulate until he could buy a farm
If he rented farm he would do better.
j. Thos. Webster said that for a young man
raised farmer and willing to work, it would b
well for him to buy farm. Backbone and mus
Gle are required. 1t takes nerve to get up at
o'clock in the morning to attend to labor.
II. Harris Archer said success would depen'
upon tne man anu tHe Idfin "A ROOu man OH
good property might at least keep the interes
down and improve the property. II would a
any rate be good investment II he did not succe
in paying for 1t.
Joshua Rutedge agreed with Mr. Archer tina
ayoung man who would work might be wort
more even If sold out than when he started.
James Lee thought there was no doubt 1t coul
be done, but he differed with some about
requiring all muscle. II would require manage
ment and head work also.
The President, Mr.. Lochary, said he did nc
think there was evera better chance than tn
present for man to go in debt for farm. Ian
is low and money can be had on easy terms. II
thought a man could pay for farm in IL year
II man goes in debt with the intention of payinl