Prev | Current Page 323 | Next

Various

"The Atlantic Monthly, Volume 10, No. 57, July, 1862"


It is absolutely necessary for the future prosperity of the business of
the firm, that this immense investment, so unexpectedly called for,
shall be made to pay. How shall this problem be solved?
Large sums are confusing, and tend to prevent a clear understanding of
the matter; therefore let the nation be represented by Uncle Sam, an
active, middle-aged man, owning a farm and a factory, of which the
annual product is $40,000. The largest and best portion of his farm is
very badly cultivated; no intelligent laborers can be induced to remain
upon it, owing to certain causes, easily removable, but which, being
an easy-going man, well satisfied with his income as it has been,
Uncle Sam has been unwilling to take hold of with any determination.
Suddenly and without notice, he is compelled to borrow $15,000, and
spend it upon this portion of his farm; and he then finds, while
expending the money for another object and not a profitable one, he can
remove the only obstacle which prevented his obtaining a full supply
of the best and most intelligent labor, and that he can very soon
increase his annual product to $42,500. The increase of $2,500 each
year will enable him to pay his additional clerks, to meet the interest
on his liabilities, and to accumulate a sinking-fund sufficient to pay
his debts before his children come of age.


Pages:
311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335