368 Appendices 



of his young orchard sufficient vegetables for his own use, 

 and enough besides to pay his butcher's bill. 



Q. Is it wise to purchase land with a small capital 1 



The writer is honestly of the opinion that California 

 is one of the few places in the world where a man may 

 start in business with a small capital. The State has 

 been settled up and developed by persons who for the 

 most part brought no money. While it is desirable to 

 bring capital here, many men have been and are to-day 

 making money without it. 



Q. Is the present a good time to purchase — and 

 why 1 



Most assuredly. The wise trader buys on the bumps 

 and sells on the slumps. The stringency of the times 

 a drought, — the first in twenty years, — and the gen- 

 eral stagnation and depression following the disastrous 

 boom of '86 and '87, have combined to place values below 

 par, and according to expert authority a healthy reaction 

 is now in order and almost inevitable. 



