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tipoTi it ; all tlie cost of labor hired, the yalue of his own Tabor andE 

 Buperiutendence, and that of his family when actually employed on 

 the farm or about its business ; and this should include board , 

 whether paid for or received in the family. He should charge to 

 the farm the cost of necessary repairs to all implements, vehicles 

 and buildings that are Ui-ed exclusively for farm pui*poses, and all 

 expenditures for labor or material in making farm improvements. 

 On the other hand, the farm should be credited for everything it 

 produces at its sale value, whether it be sold, or consumed by the 

 farmer's family ; for the support of all animals kept for family use, 

 and for all timber and fuel sold or used. The account thus kept, 

 and the inventory and appraisal made the following Spring, which 

 must include the value of all crops and manures on hand, the value 

 of all farm improvements, and wood grown, will show the result as- 

 a business operation, and the sum and per cent, of gain or loss. It 

 will be noticed that this inventory and account makes a clear and 

 distinct separation of the individual's business fi"om the support 

 and maintenance of his family and his outside expenditures. It is 

 the only correct method, and is precisely like that of an intelligent 

 business man engaged in mercantjlle pursuits. The point is not 

 how much money does the farmer have left after he has expended 

 all he wishes on the pleasure whim, fashionable desires or necessi- 

 ties of himself, his family or friends, but does the business pay for 

 the labor expended and capital invested, and that, such an account 

 win show. And it will show a great deal more ; for as it takes cog- 

 nizance of daily operations, it will exhibit the elements of success 

 and failure, bring prominently to view the leaks and wastes of the 

 business, change that which before was a simple surmise — a guess — 

 into a certainty, and enable the farmer to intelligently change and 

 direct his business movements, when necessary, so that loss may be 

 averted, and larger remuneration may be received for his labor, 

 and a higher per cent, for the capital emplo3'ed. 



