FARM ORGANIZATION 



and that will belong to my friend who fur- 

 nishes the money. I will retain the common 

 stock. Five per cent is all the owner of the 

 money is entitled to, while if the business 

 returns more than that amount, it will be 

 due to my management. I, and those asso- 

 ciated with me, are entitled to all that is 

 made above five per cent. By retaining the 

 common stock the surplus income will come 

 to us. Neither will I destroy the home 

 value, because I shall associate the former 

 owners with me in the conduct of the estate 

 and may give them some of the common 

 stock, so that they will be interested with me 

 in making a profitable return. If they wish 

 to keep their money invested in the farm, 

 they will be given preferred stock in place 

 of cash for their farms." 



It is needless to say that the promoter 

 never convinced his friend that he could 

 successfully invest for him a half million 

 dollars along the lines indicated. Never- 

 theless the corporate plan is not without 

 merit. For example, if a father should in- 

 corporate his farm, he could provide for 



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