The Arizona champion., 1886-08-14
Where the Profits Come In.

with their business, 1 have been more than solicitous to find out the true cause of such state of affairs, and the most practical illustration that know of was given in the following l conversation had this week with one ot New Mexico's oldest stockmen: I have gone over the above ground pretty thoroughly with said stockman and asking his history as to the cause of SO much dissatisfaction among those who have of late years invested in the cattle business, he replied by telling an experience which he had recently gone through with the company of which he is now manager.
 He stated that some years ago he started with a small bunch of cattle and after a number ot years of hard work and close application to his business, he sold his herd 10 com pany composed of eastern capitalists, at fair market price, and "counted out" at the time of his delivery, some IS,o head of stock cattle. He hired himself to the said company at good salary as their manager. Things went along nicely for season or two; they sold some beeyes during the time, but not near enough to pay expenses and interest on the capi- tai invested; stock holder meetings were held. and a general dissatis- faction arose. One day said manager was forwarded a telegram requesting him to report at once to the head quarters office, and committee which was authorized by the directors met him with the interrogation, why was 1t that the business did not pay them so we'll as it had him in the past1 To which he replied by saying: Gentle men, you have officers of your con- pany, and you pay them salaries Of, (per year,)
 President at salary of $5,ooo Secretary and treasurer at sal
 ary of s,5oo Book-keeper and cashier at
 salary of I.zoo Manager (and manager only in
 name) at a salary of 2,Soo Range foreman at salary of I,soo Trail boss at a salary of 1000
 "You also have brought fine thor oughbred bulls, paying as high as $I, ,ooo for one or two, and then any number of grades at from $50 up to Sioo per head; you have built good camp houses, barns and stables; you buy the best ot flour and canned goods and a quantity of other 'Delmonlco eatables,' with everything else in like proportion, whereas l was my own president, secretary and treasurer, book-keeper and cashier, manager, range foreman, trail boss, and besides making d---d good $50 hand myself. Instead of fine camp houses I lived in 'dug-outs' l made during my spare moments; made out of the hides of dead anl- mals; instead of 'chuck-wagon' filled with fancy eatables. used a pack horse, carrying little corn meal and bacon; for branding irons l used bent wire; for bulls kept trading with my neighbors, and everything else did in like manner. Now, if you will do away with great deal of this un . necessary help and expense, curtail your expenses right and left or let me be manager in fact, instead of only Tn name, l promise to report 10 you all as ouen as you desire, and will take for my work or salary, twenty-five per cent of the profits, after paying all expenses and ten per cent per annum on the capital invested in your com- pany."
 The above tells its own story, and without further comment. save that 1t is like unto an old rubber shoe, il can be made to fit great many feet at the present day.---Cor. Kansas L. s. Indicator.