CAPITAL NECESSARY IN FARMING 21 



ger the return, and not only that, but the big- 

 ger the percentage of the return, because of 

 economies in management which can be intro- 

 duced in the larger business. 



Such a statement belongs in the primary de- 

 partment of finance. Yet how many men be- 

 lieve it to-day? How many deluded city people 

 go to the farm expecting big returns from lit- 

 tle capital? There will be less trouble in the 

 world when people have elemental facts clearly 

 before them. 



If a man invests his money in bonds or stocks, 

 or puts it away in a savings bank he expects to 

 receive interest for that money. If a man goes 

 to an office every day he expects to receive a 

 pay envelope at the end of the week. If he in- 

 vests his money in the concern for which he 

 works he will expect pay for his money and pay 

 for his work. Capital is needed to provide an 

 opportunity for the man to work, but man's 

 work is required to give capital an opportunity 

 to earn interest. Each must pay the other and 

 any system of accounting must take cognizance 

 of this fact. 



