In the above account the dressing produced by the poultry is estimated to pay for the labor of caring for it. Carefully saved, mixed and utilized, it is estimated that each hen will produce as much value for fertilizing use as can be bought of artificial make for fifty cents.

DRILL EXERCISE, No. 21.

The following gives in part the cash account of James Neil, the proprietor of a small country cash store. Transfer to proper books, and show comparative receipts and payments.

Wm. Parke, a clerk in a grocery store, received $12 per week. Of this he paid $4 per week for board, not including washing. By inquiry he found that very few of the clerks whom he knew saved anything from their earnings-that, as a rule, most saved as much on a week's salary of $10 as they did when their pay was increased to $15-that, with the increased pay of most, came increased calls for money. He had learned from the United States census that the families of the country average about five in number for each home; that these five are largely supported by the earnings of the parents. It occurred to him that he could join with some of his friends who were boarding with and near him, hire a tenement, employ some one to keep house for them, and live on the

earnings of two of the number, and invest the earnings of the others. This suggestion was talked over and finally agreed to by Parke, James Mack, Harry Ryder, John Y. Doyle, and Charles Monk. Each was receiving $12 per week, but only Parke and Ryder had previously saved anything of their earnings. They found a house all furnished which the owner was to vacate for a year. This he offered to rent them for $15 per month, if they would employ his housekeeper, Mrs. Jones, at $3 per week. This arrangement was entered into by the five for one year, with the agreement that they would live on the earnings of two, and invest the earnings of the other three, less $5 per month for each for personal expenses. It was arranged with Parke to do the buying and looking after the household affairs, and to receive and invest the money with the advice and consent of the others. The teacher can make as many lessons of the following example as is thought best, separating into weeks, month or months, as preferred. He can require the pupils to use the with figures for cents, as 25, 84, or the decimal point before the .25 and .08, or .25, 84, as preferred. Better adopt a uniform practice. In business practice the is generally omitted. point with figures from 10 cents up, and the for cents below 10.

It is briefer to use the decimal

Sept. 28, Parke received for supplies $86; and for investment $129, which it was decided to loan James Doyle for his note on semi-annual interest at 5%, secured by a mortgage on his place.

Write a two years' time note with semi-annual interest at 5%, in favor of Wm. Parke, for the Cottage Home Association or order, as follows: Two years after date I promise to pay Wm. Parke for the Cottage Home Association or their order, one hundred and twenty-nine dollars, semi-annual interest at 5%, value received.

What is a mortgage? See page 110. For what is a mortgage given? Suppose Doyle should fail to pay the amount of this note, of what use would the mortgage be to the holder of it? Is it necessary to use the words "value received" to make the note valid? See page 19.

Each keeps $5 of his month's or five weeks' salary and passes the balance to Parke to be used as follows: the amount of two ($110) to be kept for Cottage Home expenses, and that of the other three ($165) to be invested on interest. This amount, $165, Parke loaned to James Doyle at 5% semi-annual interest, to be secured by mortgage on his place Nov. 30/95, at which time he was to receive another loan. Write for him a time note for two years, semi-annual interest at 5%.

Parke's grocer charged .10 per lb. for fore-quar. lamb; but by buying in a certain market he secured quite as good meat for 7 per lb. What % did he save, or how much on the dollar? Saved of $1 is .10; is 3 times .10, or .30, i.e. he saved 30%. His grocer also charged .23 per doz. for eggs; but the same market charged him only .20.

10

What % did he save?