208 COTTON 
and the work stock itself are not, home-produced, 
but purchased in the open market just as supplies 
and equipment are for the cotton factory. As a 
rule, work stock is permanent equipment for the 
cotton crop alone, and cotton must support it, 
just as land is permanent capital, and land is not 
employed during the whole of the year: there is no 
reason why they should be omitted in the final 
settlement. The investment is made and an al- 
lowance of interest must follow, teams must be fed, 
and the maintenance of the plant continued—all 
items of legitimate expense which must rightly be 
considered in calculating the real cost of produc- 
tion. 
“But why charge cotton with the support of 
teams during the winter season ?”’ you ask. 
Who will feed them? Your neighbor will not, 
neither will the State. On most farms they belong 
to the cotton equipment. Of course, where they 
are employed for other purposes, a proper credit 
to cotton should be made, but in the winter season 
as arule, both labor and teams are idle, and cotton 
should bear its part of this expense. 
You see there are other charges to be added to 
the amount required for the mere production of 
the crop. 
Here are a few that must be included: 
Taxation of land, tools, and teams. 
Allowances for interest on land, tools and 
teams. 
Allowance for depreciation of tools and teams. 
Maintenance of land and teams. 
Taxation:—On the basis of the product of one 
horse or muse, we have twenty acres of land, valued 
at fifteen dollars per acre; one working animal 
valued at one hundred and fifty dollars, and tools 
