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the labor of superintendence, cost of hives, and interest 
on the capital invested. 
A careful man, who, with my hives, will begin bee-keep¬ 
ing on a prudent* scale, enlarging his operations as his 
skill and experience increase, will find, in any region 
where honey commands a good price, that the preceding 
estimate is a moderate one. In favorable localities, a mxxch 
larger profit may be realized. 
♦ Bee-keepers cannot bo too cautious In entering largely npon new systems of 
management, until they have ascertained, not only that they are good, but that 
they can make a good use of them. There Is, however, a golden mean between the 
stupid conservatism that tries nothing new, and that rash experimenting, on an 
extravagant scale, which Is so characteristic of the American people. 
