He will be able to take some
comfort and satisfaction in his agricultural laborers; he will have a
larger amount of cotton to spin and to sell than ever before, and so
much wool, that, instead of being obliged to buy one-third the amount
required by his factory, as he has heretofore done, he will have more
than he can spin; and lastly, he will be able to raise fruit, to make
wine, to produce indigo, cochineal, and a great variety of articles
never produced on his farm before.
What sound business-man would not thus regulate his investment, when
compelled to make it, even though he had been unwilling to borrow the
money for the simple purpose of making such an improvement?
If a farm and factory, which badly managed produce $40,000 annually,
can by good management be made to produce $42,500, and can be very
much increased in value and ease of management by the process, the
owner had better borrow $15,000 to accomplish the object, and the tax
upon him of $2,500 required to meet the interest and sink the principal
will be no burden. That is the whole problem,--no more, no less.
We have been driven into a war to maintain the boundaries of our farm;
in so doing we shall probably spend $1,500,000,000.
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