difference between speculation and investment. Putting money into an
established industry is an investment. Putting it into a doubtful or
untried business, with the hope of gaining much or risk of losing all,
is speculation. The latter is infatuating as it increases the risk and
yet turns to profit. Investments pay no high per cents. Speculations may
pay much or lose all. Hence it is unsafe; and the farmer who makes his
gains only by a yearly turn of his crops, should not try speculation,
but may judiciously invest his surplus year by year in things of real
value, as land or chattels. Invest the last dollar, but speculate only
with loose change. No man can safely invest in a business with which he
is not familiar.

A lawful wire fence in Georgia is described by legislative enactment as
composed of not less than six horizontal strands of barbed wire tightly
stretched from post to post. The first wire no more than four and a half
nor less than three and a half inches from the ground; the second wire
not more than nine and a half nor less than eight and a half inches from
the ground; the third wire not more than fifteen and a half nor less
than fourteen and a half inches from the ground; the fourth wire not
more than twenty-two and a half nor less than twenty-one and a half
inches from the ground; the fifth wire not more than thirty-two nor less
than thirty-one inches from the ground; the sixth wire not over
fifty-five nor less than fifty-three inches from the ground. Posts to be
not over ten feet apart, and every alternate post to be securely set in
the ground. Provided, a plank not less than ten inches wide shall be
used instead of two strands of wire at bottom of fence, it is also
required that a railing shall be placed at equal distance between the
two top wires, which shall answer the same purpose as a wire, and to
extend from post to post in like manner.