Classic Book Library : Historical Fiction : On The Pampas Or The Young Settlers : Chapter 18 : Page 4 of 6 He one day, therefore, unfolded his plans to them. "As you know, boys, I am going to England shortly; and although I shall perhaps now and then come over here, I shall make England my permanent home. You boys will therefore jointly manage the estate. The income this year will reach six thousand dollars, and would be much more did we not keep the greater portion of our animals to increase our stock. I have now twelve thousand five hundred dollars in the bank. After the busy life I have led here, I could not remain inactive. My present intention is to take a large farm upon a long lease with the option of purchase. My object will be to obtain a lease upon large acreage and poor land, but improvable with irrigation or drainage and an outlay of capital. I shall risk no more than twelve thousand five hundred dollars in this, and also the income I draw from here for the next two years. The profits will increase each year. I shall therefore in two years have sunk twenty-five thousand dollars in the farm--a portion being devoted to building a suitable house. You will, of course, during the two years spend whatever money you may require; but, in fact, it is impossible for you to spend much money here. At the end of two years I propose that first you, Charley, as the elder, shall come home to England for a year, and then that Hubert shall take his turn. You will then stay a year here together, and again have each a year in England, and so on regularly. From the end of this two years I shall draw half the income of this estate, and you will take the other half between you, to invest or use as you may think fit. At the end of six years I calculate that the estate will be stocked with as many cattle and sheep as it can support. Fifteen thousand cattle, say, and thirty thousand sheep. You will then sell all your annual increase, and the profits will be greater every year. At the end of ten years from this time, if, as I think probable, you will have had enough of this life, we will sell the estate. By that time it will be the center of a populous district, the land will be greatly increased in value, and will be equal to any in the country--so much so, indeed, that it will probably be out of the question to find a purchaser for the whole. We could therefore break it up to suit purchasers, dividing it into lots of one, two, three, or four square miles, or a square league, and dividing the stock in proportion. The house would, of course, go with the arable land and a mile or two of pasture beyond it. My share of the yearly income I shall devote to buying my estate. Say the price is fifty thousand dollars. This I shall, with my income from here and my income from the estate itself, probably be able to make in ten years. The estate, with the twenty-five thousand dollars I propose to risk in drainage, etc., ought then to be worth one hundred thousand dollars. The value of this estate of fifty thousand acres, with the flocks and herds, ought to be at least double that amount; so that at the end of ten years I shall be a rich man. You, with care, can certainly save twenty-five thousand dollars each in the ten years, and will receive another fifty thousand dollars each as your share of the estate. You will consequently, boys, at the age of thirty-one and thirty-two, be able to settle down in England in very comfortable circumstances. Your sisters will of course be provided for out of my share. Do you approve of my plans?" Copyright © 2004-2005 Classic Book Library |