18/35 It is a very rare thing for a man with us to buy 400 acres at once; but if he did, it would probably be on these conditions:-- He would pay 400 pounds, or $2,000, down at the time of purchase, giving his notes for the remaining 1,600 pounds, or $8,000, at 6 per cent. interest payable annually, together with the yearly instalment of principal specified in each note. He would perhaps have 200 pounds, or $1,000, left of his capital for working power and agricultural implements. He would probably divide it after the following manner:-- l. l. |