MAY 3 1913 



W. M. Busby, store account, 



about 30.00 



Remitted Studabaker Bank on 

 original loan 700.00 



B. Moser, peas 65.00 



llepairs for machinery, wag- 

 ons, blacksmith bill and 

 sond.^^ of Farmers' Supply Co. 

 in Novomlier 7S.00 



-Xdvciti.siiig .sale and expense 



of posting, etc 30.00 



Auctioneer 25.00 



Remitted Studabaker Bank on 

 original loan 1,500.00 



Clerks at sale 19.00 



Expense loading car, freight, 

 etc 82.50 



Farmers' Supply Co. for ac- 

 count in December 67. SS 



Cash spent as shown by in- 

 dividual cash account from 

 Sept. 1, 1912. to Feb. 1, 1913, 

 and not included in above.... 433.98 



$6,960.18 $6,460.00 



S'hort at closing of account. 500. IS 



No doubt the reader will have noticed that 

 the revenues I have accounted for were de- 

 rived from either the products of the farm or 

 the sale of the farm and personal property, and 

 according to the above I come out $500.18 in 

 debt. Now to this I must add a difference of 

 what my original investment was — $2,800 — an<l 

 what I paid- on it — $i',200 — an amount of $600, 

 making a total of approximately $1,100.00. These 

 extra amounts being- secured from friends in 

 Bluffton. I also used some $500 derived from 

 the sale of my hotel stock to carry the invest- 

 ment along which I have not included In the 

 above. 



Take it all in all I am right at $2,000 behind 

 on the deal, so I trust, friend, you will be very 

 careful in taking up a farming proposition in 

 "Swamp-Easf Missouri and follow my advice 

 to either try a rental proposition for a year or 

 work for somebody else a season. 



With every best wish that your experience 

 may be the direct opposite of mine, I remain, 

 Respectfullv vours. 



HUGH D. STUDABAKER. 



LIBRftRY OF CONGRESS 



014 572 844 



32 



