Evening Republican, Volume 19, Number 187, Rensselaer, Jasper County, 9 August 1915 — Profits on Basis of Percentage [ARTICLE]

Profits on Basis of Percentage

The prime object in conducting any is to make money. By making money is meant making a net income, actually taking in more money in a year than is paid out, or consumed in various ways. The man who does not do this is making a failure of his business. The man who accomplishes it is making a success of his business. The degree of his success is not measured by the total volume of net Income he secures. It Is measured by the rati<A which that income bears to the capital which has been used in the business. One man may make a net income of five thousand dollars a year by operating a farm that is worth one hundred thousand; his income represents five per cent on the investment which he is operating. Another man may make a net income of five thousand dollars a year by operating a farm that is worth only fifty thousand dollars; his income represents ten per rent on the investment which he la operating. This latter man is the better business man of the two, and has made the greater success of his business. Not only is the latter the better business man of the two; he is also the better citizen of the two—when measured only by this standard of what he has accomplished. Why is this statement thus? Because he has made a better use of the resources he has had at his command. With the country filled with what we might call ten per cent farmers, it will support a. larger population than if filled with five per cent farmers, or it would sup’ port the present population on a plane of greater general affluence. The sweet potato bed should have close attention so it will produce an abundance of strong, thrifty slips to be set early. When the weather is dry the bed should be watered and when the nights are cool the bed should be covered. Out in the "corn belt” much better results could be had it succulent foods were fed in combination with corn; the hogs would also be less liable to