276 



AGRICULTURAL ECONOMICS 



the case of farm-owners capital is made to include real estate. The 

 Cornell tables follow. EDITOR. 



TABLE IX 



RELATION OF CAPITAL TO PROFITS. 615 FARMS 

 OPERATED BY OWNERS 



TABLE X 



RELATION OF TENANTS' CAPITAL TO PROFITS. 

 FARMS 



B. The Increase in Capital Employed in American Agriculture 



83. CONCERNING THE INCREASED USE OF POWER 

 MACHINERY ON THE FARM 1 



The year 1850 practically marks the close of the period in which 

 the only farm implements and machinery, other than the wagon, 

 cart, and cotton gin, were those which, for want of a better designa- 

 tion, may be called implements of hand production. The old cast- 

 iron plows were in general use. Grass was mowed with the scythe, 

 and grain was cut with the sickle or cradle and thrashed with the 



1 Adapted from Twelfth Census of the United States, Vol. V, pp. xxix-xxxi. 



