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Page thumbnail for Vermont Watchman And State Journal
Story October 22, 1873

Vermont Watchman And State Journal

Montpelier, Washington County, Vermont

What is this article about?

An opinion piece arguing that farming profitability should not be judged by whether profits cover extravagant family expenses, using analogies of a merchant and two farmers with identical farm profits but differing household costs.

Clipping

OCR Quality

96% Excellent

Full Text

We question the propriety of charging household furniture or family expenses against the farm. A merchant may be doing a very good business, and making liberal profits on his capital invested, and yet his family expenses may far exceed the profits of his business: he would not be warranted in saying that his business did not pay, because its profits did not equal the extravagance of his family. So a farmer may manage his farm in such a way as to derive a net income of $1500 or $2000 above all legitimate expenditures, and yet if his family expenses should be $2000 to $3000, he would run behind. Could he justly say that farming don't pay? Farmer A has 100 acres of land which he manages so well as to make a clear profit of $1000. He has a small, economical family, which lives comfortably on his just salary, and he lays up the $1000 profits, satisfied that farming pays. Farmer B has 100 acres which he manages equally well, with similar profits; but he has a large family, perhaps of daughters, which must have "expensive furniture," dress in the height of fashion, and spend money freely. At the end of the year B finds that the profits of the farm and his own salary have been exhausted, and that there are bills for current family expenses unpaid: shall he be justified in saying that his farm has not paid?—Corres. Country Gentleman.

What sub-type of article is it?

Economic Analogy Moral Lesson

What themes does it cover?

Moral Virtue Social Manners Misfortune

What keywords are associated?

Farming Profits Family Expenses Economic Management Extravagance Moral Lesson

What entities or persons were involved?

Farmer A Farmer B

Where did it happen?

100 Acres Of Land

Story Details

Key Persons

Farmer A Farmer B

Location

100 Acres Of Land

Story Details

Two farmers manage identical 100-acre farms yielding $1000 profit each; Farmer A with economical small family saves profits, while Farmer B with large extravagant family exhausts them, illustrating that farming pays if not burdened by excessive household costs.

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