should be worth and give him in addition 

 one-half the profits; that is, one-half of that 

 which was left after deducting the expenses 

 of running the farm and interest on the cap- 

 ital invested. 



Merely for illustrating the method of 

 calculation, let us assume this farm with its 

 equipment to be worth $100 an acre, or 

 $16,000. Let the farm manager be paid 

 $840 a year. Assume the same gross in- 

 come, $3,200, and the same cost of operat- 

 ing, $1,600, to which add $600, the addi- 

 tional salary of the manager. The total 

 expense is then $2,200, and the net proceeds 

 $ 1,000. If 4%, or $640, was charged on the 

 investment, there would be $360 to be 

 divided between landlord and manager, 

 making the salary of manager $1,020. A 

 simple calculation will show that if $% 

 were charged, the salary of the manager 

 would be $940 a year, and if 6%, $860 a 

 year. The advantage of the latter method 

 of employment is that the young man runs 

 less risk, while both receive equally any 

 28 



