The fruit crop is charged with extra labor, packages, and transportation, before it is entered, and the account shows only net returns. I have had to buy new machinery, but this has been rather evenly distributed, and doesn't show prominently in any year.
In 1900 I lost my forage barn. It was struck by lightning on June 13, and burned to the ground. Fortunately, there was no wind, and the rain came in such torrents as to keep the other buildings safe. I had to scour the country over for hay to last a month, and the expense of this, together with some addition to the insurance money, cost the farm $1000 before the new structure was completed. I give below the income and the outgo for the last four years:--
INCOME EXPENSES TO THE GOOD 1899 $17,780.00 $15,420.00 $2,360.00 1900 19,460.00 16,480.00 2,980.00 1901 21,424.00 15,520.00 5,904.00 1902 23,365.00 15,673.00 7,692.00 ----------- Making a total to the good of $18,936.00
These figures cover only the money received and expended. They take no account of the $4000 per annum which we agreed to pay the farm for keeping us, so long as we made it pay interest to us. Four times $4000 are $16,000 which, added to $18,936, makes almost $35,000 to charge off from the $106,000 of original investment.
Polly was wrong when she spoke of it as a _permanent_ investment. Four years more of seven-dollar pork and thrifty apple growth will make this balance of $71,000 look very small. The interest is growing rapidly less, and it will be but a short time before the whole amount will be taken off the expense account. When this is done, the yearly balance will be increased by the addition of $5000, and we may be able to make the farm pay for weddings, as Polly suggested.
I am not so opinionated as to think that mine is the only method of farming. On the contrary, I know that it is only one of several good methods; but that it is a good one, I insist. For a well-to-do, middle-aged man who was obliged to give up his profession, it offered change, recreation, employment, and profit. My ability to earn money by my profession ceased in 1895, and I must needs live at ease on my income, or adopt some congenial and remunerative employment, if such could be found. The vision of a factory farm had flitted through my brain so often that I was glad of the opportunity to test my theories by putting them into practice. Fortunately I had money, and to spare; for I had but a vague idea of what money would be needed to carry my experiment to the point of self-support. I set aside $60,000 as ample, but I spent nearly twice that amount without blinking. It is quite likely that I could have secured as good and as prompt returns with two-thirds of this expenditure. I plead guilty to thirty-three per cent lack of economy; the extenuating circumstances were, a wish to let the members of my family do much as they pleased and have good things and good people around them, and a somewhat luxurious temperament of my own.