Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1913-09-13
CONTAMINATION OF
FARM TENANT
local PLAN
Business Partnership with the
Landlord Proposed as solu-
tioE # Problem by Sir Rich.
ard Paget at Birmingham.

birmingham. Eng. sept f2.--Cap-
utilization of the tenant "a an amount
equal "a the value ~ rented farm
lands was advanced as one soiuiion ~
tho problem ~ partnership m aasl-
culture between landlord and tenant
Ia an address by sir Richard a. eNet
before tho British association here yes
terday while Sir Richards address
dealt primarily with English condi-
lions he discussed the system ~ farm
ms on shares 49, exists IN Canada and
the unitcd states. while thla system
gave an opening for capital and en-
abled farmer to- operHte without
capital Of his own. he said u had the
objection that the landlord was only
Interested In the yield oT the crop,
not IN the cost Of producing a.. eince
the cost Of lesor fell on the tenant
Thus the Interest Of the parties were
not identical and the system did noe
tend 20 encouraRe the me- Intensive
culture.
The Ideal system" continued the
speaker. "wonid appear 10 be busi-
ness partEerahlp wherein the landlord
invests the land. the tenant invests
"a hat capital he can, ana the balance
necessary foi che most efficient culti-
walton is invested by the landlord. or
Il might be borrowed by the partner
ship on the security Of lls assets and
the guarantees 81 the partners.
THE landlord b. credited for tho
purpose 81 division OF profits. with the
agricultural value % the land. and
the tenant Is credited with a nominal
Ns.aa "a
value Of his sklil ana services.
In estimating tho amount Of the
tenants capitalized value, u ls as
sumed that. " the partners each ppo-
vide half the cash capital, tAc Tenants
share OF profits Ia return for his SER
vices should be equal Ia the landlords
In return for his land or for nuch
services as he may be able to render
GO the partnership.
"tf. therefore. the land ~ valued at
say. $500 pounds. the tenant would
also be credited with $500 pounds as
representing the capitalized value Of
his services.
ri the capital required were 1850
pounds. and. In the first Instance. the
whole of it were supplied by the land
lord, the landlord would be credited
with $500 pounds plus 500 pounds
equals 5000 pounds. as against the
tenants $500 pounds. and would
therefore. receive four-sevenths a.
against threo-sevenths OF the divlsible
profits.
In estimating profits. an expense
for repairs taxes and insurance, etc.
are charged 90 the partnership.
THE tenant is given the right "a
invest from time 60 time up To tn,
total amount of the cash capital. thus
huying out the landlords capital in
terest. other than his interest In tn,
land. The landlord would then re-
ceive three-sevenths of the profits, and
his money oack while the tenant
would receive the remaining four.
seyenths of the profits"
Sir Richard said that among othel
benefits he believed such system
would tend 10 make agriculture m
industry comparable with other IN
dustries: 90 encourage commercial
methods, the keeping Of proper ac'
counts, and moro scientific methods
10 give to agriculture the advantage OF
better credit ana cheaper money. By
the association OF the landlords credit
with that OF the farmer. 10 encourage
landlords or other capitalists Co In
vest In agriculture. Ca enable properly
trained farmers 80 start farming with
out capital of their own, ana to give
them an opportunity TO invest theiI
savings In their farms; 90 facilitate
systematic proht-sharing with labor
ors on farms. and 90 give landlords q
/ business interest In their farms
~. 81 l.-..a.....- I.r..-nlnI