Deming graphic., 1920-08-31
ES ARE BUILT BUICK WILL BUILD THEM

to $i.40O Conservativcly estimating
the production of the four hundred
Young birds. before six months old. at
one-fourth that of the daily average
of the adults. we have AN additional
daily income of 1,lOO, or IA daily total
Of $500 $500 per day for six months
would amount tO $g9O.OOO; at this time
we would have 200 mature young birds,
which. by seeking out parties opening
up new plants in this industry, we
could easily dispose # "a, half price
per head for our origin; stock. which
would he $lO.OOO. or The aggregate
price paid for our 100 hi dS with which
we started. OF course, strong reasons
might he advanced In favor Of keep
ing these birds for the enlargement of
opr plant, which would treble the pro
ductiOn The wiser course however,
could be- determined upon at the ap-
proach of this conjuntturc OF circum-
stances. Assuming these birds to be
sold. we have, at the end of "A year Of
operations another two hundred birds
at the same valuation, together with
another six months output of alcohol
representing a value of SHlO,O00 bring
ing the yearly income M 10 S2,000,0O
In addition Ia this income for the year.
we could count on ut least one ton Of
highest grade guanU, worth not less
than 500 delivered al the depot at
Demng For expenses during the
year, we have; one hundred LOuiSina
woodpeckers, $4,000, lease on tract of
land for ninety-nine years, 81, build
ings and improvements, 5000, cost Of
1850 gallons wood alcohol at Sl.3S.
S25. .OSS.I II will he observed that
| ISIS gallons of wood alcohol is al
lowed In these calculations to produce
$4,000 gallons Of purified spirits. This
discrepancy Is due to allowance for
waste. or rather bird feed. In the pro
cess Of removing the wood from the
wood alcohol and Is here reckOned at
per cent. Cost OF iI4,OOO pint bottles
at GIc. SgT22 Cost Of 1I4.OOO labels
at S2.35 per thousand. S33SI0. Salary
Of two men and hoy. SiG5 per month
for twelve months, $3.50. Expenses
covering Ice for twelve months ut $3.50
per month. 500. One-ton truck ami
maintenance during the year 81, ,365.
Computing the foregoing. we have an
aggregate OF 5T,-SIS0 Substracting
this amount from our gross income.
we hnve net profit of $l,9B,Ol5.2O.
Deducting from this amount S1I7,-
2O5.0S. income tax. and $500. county
tax. we have an available net income
Of 81. .165 3O9.12.
II will be- observed that buildings
and equipment are here included in the
expense of the year Properly, these
should not he 80 included but this dis
position Of the matter has been made
IN order to bring into comparison all
outlay with the income The fact will
be readily apparent to persons Of judg-
ment. that ON this account expenses
for the ensuing year will he materially
reduced With a proportionate Increase
In net profits.
For the development Of this project,
I propose that stock company he or
gnnized with capital stock Of $780,
600. 500. per share. all fully paid In
before beginning operations. pledge
myself 10 use my power. as will sub
seauently az 'ogr. to incorporate In the
bylaws of the organization an article
making favorable rote OF two-thirds
of the capital stock requisite to in
crease the capital stock: 10 use net
earnings 10 enlarge the plant t0 pass
dividends when net earnings are avail
able: or 10 create snlaried officers OF
fix the salary OF Officers for offices ~