KMSlSilOMi THE PINEHURST OUTLOOKHHPLJP'1'
"
Loaded
Smokeless
Powder
Cheap in price, but not in quality. Costing
little more than black powder shells they
are cleaner and are better in every way
from a game-getting standpoint Try the
Repeater" and you will surely like it It's
THE YELLOW SHELL WITH
THE CORRUGATED HEAD.
Winchester Shells and Cartridges for Sale at the Pinehurst Store, Traps
and Banges. Look for the big 41 W " on every Box.
Well
Total labor bill, including
clearing land 4,509,31
Fertilizer for 34 years, in
cluding all crops 2,007.88
Seed corn, cotton, peas, etc.. 70.05
Pair mules and harness 358.45
Machinery, total 484.95
Feed for mules 763.19
Crates for peaches 236.68
Spraying material 421.96
Taxes lb7.u&
Legal expenses, incorporat
ing, etc ' 150.95
Office expenses, including audi
tor and traveling 516.19
Exchange on checks .82
Freight on peaches 301.05
Salary paid superintendent.. 1,760.00
Insurance 30.00
General expense, small mis
cellaneous items 180.68
In superintendent 's hands.
Spent but not accounted for 299.16
Money loaned 32.23
Profit and loss 54.53
Promoters 's bonus 1,250.00
$16,707.89
These figures represent the total re
ceipts and expenditures on the orchard for
three and a half years. During this time,
of course, a certain amount of forage
crops for the feeding of the mules had
been growing and harvested.
The total cost to the owners had been
$13,870. Of this $1,250 had been paid as
a stock bonus to the promoter, and
$516.19 had been spent in a corporation
office. Of course, these items grew no
peaches. But this is a report of what
actually occurred, not what might occur.
So it can be said as a mathematical
fact that these particular gentlemen came
into possession of a bearing orchard of
ninety acres, a field for corn and hay, a
house, barn, shed, well, a pair of mules
and all necessary machinery, for $13,870.
The operations each following year to
date were as follows :
Year of Orchard Date
Fourth 1911
Fifth 1912
Sixth 1913
Seventh 1914
1911
Gross Eeturn
$ 4,079.52
10,431.69
15,130.80
13,560.02
1912 1913
Operating Expenses
$5,286.07
8,098.85
7,008.50
9,2S2.37
1914
Net Return
$1,206.55
2,332.84
8,122.30
4,277.65
Do You Suppose That
Ambassador Page, Frederick T. Gates of the Rockefeller Board
Edgar L. Marston and S. B. Chapin, bankers, William A. Slater of
Washington, Benjamin F. Butler and George Maurice of New York
and Raphael Pumpelly of Newport and Roger A. Derby and Charles
T Crocker of Fitchburg, are all bad investors ?
Well, they have all invested in land here from 300 to 15,00 acres.
I offer as an investment the best single 1118 acres of land, in
the best section, on the main line of the Seaboard. Do you want it ?
J. J. HECKART
Out of these profits the company has
planted twenty-five acres of new trees,
has built a big packing house costing
$1,400, has bought a new pair of mules,
has installed a water system and has
added a larger spraying outfit. The capi
tal stock has also been increased.
Success has been almost entirely due to
the superintendent, William D. Bruhn,
whose interest was obtainable only on
condition that he be given a fifth share
in the orchard at the end of four years'
work. His success under this arrange
ment should encourage everyone who is
contemplating an absentee agricultural
career to give the man who does the work
a fair share in the property.
The result of giving Mr. Bruhn this
interest has been the increase of the capi
tal stock of the company from the cash
outlay of $13,870 to $17,530, the figure
at which it stands today.
Three cash dividends have been paid
upon this higher capitalization, in addi
tion to the improvements made and the
new orchard planted forty-five per cent
in 1913, fifteen per cent in 1914 and
twenty-five per cent in 1915 besides re
purchasing $1,000 of the stock.
This account is of no value on eartli
unless it be complete in every detail. So
accompanying this article is a statement
of the affairs of the company since 1910,
except for the current year.
This article is not written to be literary.
It is written in the hope that it will be
of real, tangible service to those actively
interested in the culture of peaches, or
who think they may be.
Also it is presented in the hope that
the figures, successes and mistakes here
displayed this hand laid face up on the
table may induce others who have in
formation or suggestions that they may
wish to impart to come forth and add
them to the facts in this problem that
have already become known.
If anybody who wishes to know anything
further about these figures, or who knows
anything that will be of value to us, will
communicate with us, he will find us will
ing either to impart or to absorb useful
or even merely pleasant thoughts on
the subject.
INCOME
ABERDEEN,
NORTH CAROLINA
1911
1912
1913
1914
Peaches $4,079.52
Mortgage 2,028.99
Bills Payable 1,990.00
Peaches
Peaches
Peaches
Mortgage and interest
Taxes
Bills receivable
Interest less discount
Legal fees
Fire insurance
Superintendent's salary
Freight, expressage, telegrams and
telephone service
Crates
Labor
Eepairs, additional tools, etc
Sundry Supplies
Fodder, grain, etc
W. D. Bruhn, to account
Charged portion of cost of pack
ing house
Fruit trees
Seeds
1911 1912 1913 1914
$8,098.51
. $10,431.69
$15,130.90
$13,560.02
EXPENSES
$2,132.99
17.24 $ 28.70 $ 42.01 $ 126.56
66.00
78.15 62.10 129.70
6.00
41.93 32.00
720.00 480.00 480.00 1,080.00
195.00 284.59 11.59 53.39
695.25 2,081.77 1,075.50 1,688.00
1,375.08 3,221.64 3,206.08 3,954.36
. 478.81 387.11 147.91 95.09
165.34 138.57 56.93 83.11
47.05 219.46 216.52 240.24
97.48
200.00 300.00
87.07 53.03
27.12 33.75 12.90 64 90
A