Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1915-06-14
ROCK RAPIDS MAN BUYS $4,000
FARM AFTER SIX YEARS
OF EFFORT.
EASTERN BANK SPREADS
STORY OF IOWA MAN
CHARLIE Shade Begins Successful Career
by Renting Eighty Acres Of Iowa
Land and Saving His Profits-Plant-
cd 200 Acres Of Corn Last Season
Now Owns Equity in Farm.

ROCK
president Of the First National Bank
Of Rock Rapids, tells the story OF
the remarkable success of young
farmer of his vicinity who started in,
: empty handed. and in six years was
able to buy a $4,000 farm. When
the purchase was malle he paid down
$4,000. gained in the six-year PERIOD
and had free and clear $1,000 worth Of
stock and machinery. The account
of the farmers progress was consid-
cred so striking by the National City
Bank of New York that 1t is retold IN
the banks June letter in Mr.. SHADE s
words as follows:
The Young man referred to is a Ger
man by descent-Was born and reared
in our own country. His people are
hard working, frugal farmers, SO that
he has had the proper training in his
profession and has been taught 20
make the most Of his opportunities in
cultiyating the soil. His name is Jonn
Busch.
After reaching his majority he be-
gan farming on his own account III
the spring of 1908 by renting eighty
acres of land from one of his neigh
bors. giving one-third of the smaH
grain and paying cash of 81 an acre lor
all the land put into corn. His father
gave him two horses and he used his
fathers machinery to put in the crop.
We loaned him $500 to be used In puy-
ing hogs and cattle.
Crop of 1903 Started Him.
In 1909 he rented half section OF
land and out Of the proceeds of his
. crop of 1908 he purchased farm ma
chinery of his own and more horses.
The season of 1909 and 1910 were good
: crop years and during these two
years he added more stock to his
farm and more fully equipped himself
for the handling of 800 acres of land
by the purchase of more horses ana
more machinery. During all of this
time we continued to carry him on
the first loan of $500 by renewing the
note each year, he paying the inter-
est. ~
In, 1911 we loaned him an additional
$500 making his total Indebtedness
to US $1.1oO. The seasons crop OF
1911 was very large and the price was
good. Out OF this crop he sold sur
fcient amount of grain to pay up all
the money he borrowed from US and to
liquidate other small debts he had
made in hogs, SO that in the sprins
Of 1912 he had all of his debts paid,
with a good herd Of cattle, large
stock of hogs horses and machinery
sufficient to carry on the 800 acre
farm. The crop Of 1912 was not an
average one, SO that the profits Of
that season were very light. He con-
tinued farming this same land during
1913 and 1914, putting the larger part
Of 1t into corn. The market price for
corn was large and as he had prac-
tfcaIIy all of the work done without
outside help other than one additional
farm hand his expenses were light.
Had $1,000 After 1918.
Out of the crop of 1913 after paying
current expenses and without selling
the cattle and hogs. he had about ST.
600 in money which ne left with US on
deposit.
During the crop season of 1914 he
planted 200 acres Of corn. This cror
averaged about sixty bushels per acre
making 10000 bushels yield This corn
was worth better than so cents pei
bushel The accumulation OF cattle ano
hogs had been very rapid, so that by
the first day of December. 1914, out
of the proceeds of this crop and the
sale of cattle and hogs, after PAYNE
current expenses. he left with US 5000
additional money, making in all $1,000
He purchased a 160-acre farm IN
November 1914 and promised to pay
for 1t S2s,o00-$S, 900 cash down anc
long time on the balance at per cent
The land was decided to him, and hi
gave q mortgage back for $4,000. we
loaned him $1,000 for sixty days, as
sisting. him to make UP the $4,000. In
!. January he disposed Of hogs sufficient
to pay back to us the $1,000.
So that this young man now has IS,
900 paid In on splendid quarter sec
ton of land which is we'll improved
and has ten years to pay the balance
OF it at per cent. He also own:
eight head of horses, twenty five heac
of cattle, twenty head OF brood sows
and more than $4,000 worth Of farm