HO ECONOMICS OF LAND TENURE IN GEORGIA [ IIO 



to meet their current accounts, this man realized above 

 expenses from this small piece of land over $400 includ- 

 ing the rent of the land, or over $300 after a liberal rent 

 allowance is made. And this result was obtained without 

 the annual expenditure for improvements of more capital 

 than is shown below. The expense and income accounts 

 for this farm, according to his books, were as follows : 



OUTLAY. 



One hand— $12.50 per month $150.00 



Extra labor — chopping, etc 64. 11 



Picking 37,304 lbs. cotton at 30 cents per 100 .... 111.10 



Total outlay for labor $325.21 



Implements — hoes, plows, etc 7.85 



Fertilizers 126.10 



Blacksmithing 4.00 



Ginning 29.90 



Bagging and ties 25.00 



Mule rent 25.00 



Mule feed 75-00 



$618.06 



INCOME. 



12,521 lbs. cotton at .07^ $939.82 



750 bu. cotton seed at .\2. x / 2 93-75 



1,033.57 



$4i5.5i 

 Supposing the rent of the land and the interest and 

 sinking fund on other capital goods not specified should 

 amount to $115 there is still left as wages of superin- 

 tendence and net profits $300. This amount of course 

 would hardly be an adequate reward for superintendence, 

 much less would it include any profit, if it had taken the 

 entire time of the landlord to look after so small a farm 

 as one of thirty acres. As a matter of fact this was as 

 play for that planter and it would take a farm twenty 

 times as large to engage his full powers. 1 

 x In fact, this planter owns a farm about one hundred times as large 



