get as much education as possible and then go in
partnership with their fathers or brothers. If they do, success will be
theirs."]

The country shipper or the young farmer wishing to place his products
in the ordinary channels of trade must consider and determine among
other things the following: What cities have favorable markets for his
products; choose some commission man or broker to handle them;
calculate the expenses for freight, commission and other customary
items; familiarize himself with the rules for grading his products in
the market or markets under consideration; and determine what agency
there may be for protecting him as to the weight and quality when
sales are effected. Whenever practicable, a visit to the market in
question and a personal study of the conditions under which selling is
done will be wise. Having done so, and perhaps having made a number of
sales through these usual channels of trade, he will be in a position
to consider whether he may organize to advantage some more direct
method of getting his products to the consumer.

CHAPTER XX

LAWS AFFECTING LAND AND
LABOR

Thus far property has been treated as invested capital upon which
interest must be charged in determining the labor income. Labor,
likewise, has been considered principally in its effect upon profits.
Society has thrown around the transfer of property and the use of
labor certain restraints for the protection of all individuals.

Through the ages certain procedures have become fixed by custom. These
legal practices are largely the inheritance of old Roman law and are
usually known as common law. Various legislative bodies having
jurisdiction enact from time to time other laws. This body of enacted
law is called statute law and is much more variable than common law.
In the briefest possible manner it is the purpose here to state a few
of the principles and applications of the law, chiefly the common law,
as it affects the farmer in acquiring or disposing of his property and
in his dealings with labor.

PROPERTY

Property may be defined as anything which is a subject of ownership.
It possesses the characteristics of being acquired, held, sold, willed
or inherited and is of two kinds: (1) Real property, real estate or
realty; (2) chattels or personal property. These two kinds of property
are subject to