APPLES 



393 



Expenditures Per Year — Same Tears 



Work on orchards (includes clover on best orchards) $ 7,000.00 $ 3,000.00 



Taxes, depreciation, repairs, etc 1,250.00 6.50.00 



Overseeing and incidentals 3.500.00 1,250.00 



Total expenditures per year $ 11,750.00 $ 4,900.00 



Net income per year 133,637.50 11,806.25 



Net income three years 401,012.50 35,418.75 



Net income first ten years 311,029.84 55,787.50 



Value of orchard end fourth term 300,000.00 70,000.00 



Total assets fourth term $1,012,042.34 $161,206.25 



Less original investment 39,500.00 23,500.00 



Total net profit 13 years $972,542.34 $137,706.25 



Average net profit per year 74,810.90 10,593.00 



Interest on investment per year 195% 45% 



Ben Newhall 

 North Manitou Island, Mich. 



Cost and Result of Fertilization 



This is the touchstone to which every- 

 thing must yield, and we claim the sys- 

 tem advocated will give infinitely better 

 results than any other known. It is a 

 system that demands just the material 

 required to make fruit, and in as exact 

 proportion as science can indicate. Under 

 this system each tree may be regarded 

 in the light of a factory, changing well 

 selected raw material into the finished 

 product. Nothing can be more reason- 

 able, nothing more simple. To produce 

 the results given below, the retail cost of 

 fertilizer has only been from $8.00 to 

 $9.00 per acre, or about eight cents per 

 barrel. My average has been 110 barrels 

 for ten consecutive years, omitting the 

 present year. This means 1,100 barrels 

 from every acre of orchard in the time 

 named of good packed fruit. This com- 

 pletes my experiments along the line of 

 low fertilization, and the results are 

 gladly given to my brother orchardists. 

 Now the question arises. How much has 

 been lost by following so closely a system 

 that furnishes material, seemingly, in- 

 adequate to the needs of a heavy crop? 

 How much more of the same fertilizers 

 could have been profitably used? Would 

 50 per cent or 100 per cent more have 

 increased the crop proportionally? These 

 are live questions to the man whose in- 

 terests lie largely in apple trees, and are 

 questions which the writer now turns to 



with full purpose of making a satisfac- 

 tory solution. 



Results of Fertilization 



Below is an account kept with the only 

 four acres of orchard in full bearing at 

 the time it was made. It is a fair index 

 of many other like crops, and in no way 

 misleading, as many others, with the 

 same treatment, have done even better. 



Pruning $ 10.00 



Fertilizer, 4 acres at $9 36.00 



Sowing fertilizer 2.00 



Discing and harrowing 8.00 



Seed for cover crop 5.70 



Sowing cover crop 1.50 



Spraying three times 22.40 



Barrels, 451 at 25c 113.00 



Picking, packing and truckage, 



at 25c 113.00 



Sundry expenses 8.40 



$ 320.00 

 451 barrels apples, net proceeds.. 1,017.74 



Net returns $ 697.74 



This is but a fraction short of $175, 

 net, per acre, or 17 Vi per cent for the 

 owner on a valuation of $1,000 per acre. 

 This seems better than bank stock yield- 

 ing 41 J per cent, or even gold mines in 

 the West, which promise wealth quickly, 

 but usually wind up with loss of expected 

 dividend, and investment as well. The 

 statement of 1714 per cent returns is not 

 given as something wonderful or phe- 

 nomenal. On the contrary, it is sent forth 

 with the full knowledge that even better 



