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. $
2 Yokes of Oxen, at 25 = 50 = 250
1 Horse 20 = 100
2 Ox-carts, at 15 = 30 = 150
1 Waggon 20 = 100
2 Ox-sleds, at 1 = 2 = 10
2 Ox-ploughs, at 2 = 4 = 20
1 Single Horse-plough 1 = 5
2 Harrows 2 = 4 = 20
Cradles, scythes, hoes, rakes, flails, etc. 4 = 20
Fanning-mill, hay-cutter, and corn-sheller. 4 = 20
15 Cows, steers, and heifers 45 = 225
6 Shoats, or pigs, six months old 10 = 50

These figures would indicate a large operation for a practical New
England farmer, who should undertake to purchase and cultivate an
estate of 400 acres. Indeed, not one in a hundred buying such a
large tract of land would think of purchasing all the implements on
this list at once, or entirely new. One of his carts, sleds, and
harrows would very probably be "second-handed," and bought at half
the price of a new one. Thus, a substantial farmer with us would
think he was beginning on a very satisfactory and liberal footing,
if he had 200 pounds, or $1,000, in ready money for stocking a
holding of 400 acres with working cattle and implemental machinery,
cows, pigs, etc. Now, compare this outlay with that of our host of
the Four-Hundred-Acre Farm in Lincolnshire. We will begin with his-
-

l. l. $
14 Farm horses, at the low figure of 20 each = 280 = 1,400
4 Nags, or saddle and carriage horses 2O each = 8O = 400
300 Stock sheep 1 each = 300 = 1,500
7O Pigs, of different ages 2 each = 140 = 900
5O Head of cattle (cows, bullocks, etc.) 12 each = 600 = 3,