Repository: UIHistories Project: Board of Trustees Minutes - 1880 [PAGE 150]

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148

T h e s u m m i n g u p of a c c o u n t s m a y be m a d e a s follows: T o i n v e n t o r y of D e c e m b e r 1,1877, salable p r o p e r t y " i n v e n t o r y of D e c e m b e r 1,1877, t e a m s a n d t o o l s . " e x p e n s e s of t h e y e a r , By present inventory, salable p roperty " p r e s e n t i n v e n t o r y , t e a m s a n d tools " sales cash and department credits , " permanent improvements " experiments B alanc e $7,906 25 2,357 001 6,91147

$9,782 2,269 4,255 1,201 99

89 00 29 95 00

433 41 $17,608 13 $17,608 13

Showing present b a l a n c e To e x p e n s e s of t h e y e a r B y r e c e i p t s of t h e y e a r " b a l a n c e in t r e a s u r y D e c e m b e r 1,1877. Present balance

$6,911 47 1,266 36 $8,177 83

$4,255 29 3,922 54 1,177 83

As r e g a r d s t h e p o o r s h o w i n g for o u r l a b o r s I c a n a d d b u t little t o w h a t h a s b e e n s h o w n . Any one e n g a g e d in a n y e n t e r p r i s e , t h e p r o b a b l e o u t c o m e of w h i c h w a s t h e p r o d u c t i o n of s o m e t h i n g , w h a t e v e r t h a t m i g h t b e , will n e e d n o e x p l a n a t i o n . T h e f a r m h a s n e v e r , since m y a c q u a i n t a n c e w i t h it, p r o d u c e d m o r e t h a n t h e p a s t y e a r . I n 1874, w h e n I s h o w e d a profit of over $3,000, t h e a c c o u n t s w e r e k e p t o n t h e s a m e b a s i s a s t h e p r e s e n t y e a r , a n d t h e profits w e r e as real—with 160 a c r e s less land—as t h e s m a l l a m o u n t h e r e s h o w n . E a r l y in t h e s e a s o n I foresaw t h a t it would be a close r u n to s a v e o u r s e l v e s , a n d I h a v e n e v e r b e e n so " m e a n " in s a v i n g e v e r y c e n t a s I h a v e b e e n for t h i s y e a r . I s u b m i t t h e c a s e a s it is, h o p i n g t h a t b o t t o m m a y be r e a c h e d s o m e t i m e , w h e n w e m a y go u p w i t h a b o u n d t h a t m a y s u r p r i s e even o u r s e l v e s . Respectfully, E. L. L A W R E N C E , Head Farmer.

F I N E STOCK ACCOUNT. 1877.

Dec.

Jan.

1878.

15 To d a t e . 180 b u s h e l s o a t s 2 tons hay 30 b u s h e l s c o r n labor To 16 d a y s labor, $1.15 ' ' 32 b u s h e l s corn, 30 c e n t s ' ' 1,000 p o u n d s h a y ' ' 60 d a y s feed, 120 b u s h e l s corn, 30 c e n t s . . " 4,200 p o u n d s m e a l , 70 c e n t s . " 1,920 p o u n d s b r a n , 80 c e n t s . " 3,000 p o u n d s h a y Labor To 30 d a y s feed, 76 p o u n d s c o r n daily " 88 p o u n d s m e a l , daily " 44 p o u n d s b r a n , daily " 100 p o u n d s h a y , daily ' ' oil c a k e ' * 30 d a y s labor, 50 c e n t s ' * 100 p o u n d s m e a l , daily,30 d a y s , 70 c e n t s " 100 p o u n d s h a y , daily " labor, 30 c e n t s " 75 p o u n d s m e a l , daily " 30 p o u n d s h a y , daily " labor, 30 c e n t s " pasture ' ' J u n e s a m e as May " July same as J u n e " 30 d a y s , 3 b u s h e l s o a t s , daily " 12 p o u n d s m e a l , daily " pasture " 36 b u s h e l s o a t s " 36 b u s h e l s corn, 25 c e n t s " 720 p o u n d s m e a l " hay " p a s t u r e , 20 h e a d " labor " 89 b u s h e l s c o r n *' 930 p o u n d s m e a l , 60 c e n t s ' ' V/z t o n s h a y

$18 00 14 00 10 50 9 00

18 40 9 60 3 00 36 00 29 40 15 36 9 00 60 00 10 50 18 00 10 50 9 00 10 00 15 00 21 00 9 00 9 00 18 00 3 00 9 00 30 00 60 00 60 00 15 00 2 88 30 00 6 46 9 00 5 40 2 00 30 00 9 00 22 25 5 58 6 00

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Nov.