Lessons in Life, for All Who Will Read Them by T. S. (Timothy Shay) Arthur
page 44 of 201 (21%)
page 44 of 201 (21%)
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he resumed his old employment of looking after his rents, and
seeking for new and safe investments that promised some better returns than he was yet receiving. One day, a broker, who was in the habit of doing business for Mr. Bolton, said to him: "If you want to buy a small, well-cultivated farm, at about half what it is worth, I think I know where you can get one." "Do you?" "Yes. Three years ago it was bought for three thousand dollars, and seven hundred paid down in cash. Only eight hundred dollars have since been paid on it; and as the time for which the mortgage was to remain has now expired, a foreclosure is about to take place. By a little management, I am satisfied that I can get you the farm for the balance due on the mortgage." "That is, for fifteen hundred dollars?" "Yes." "Is the farm worth that? Will it be a good investment?" "It is in the highest state of cultivation. The owner has spent too much money upon it. This, with the loss of his entire crop of wheat, rye, corn, oats, and hay, last year, has crippled him, and made it impossible to pay off the mortgage." |
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