Report of Income &c Newtown 1833+7 By McSherry
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The farm of Newtown consists of about 750 acres of land of a good quality for wheat and other grains but not so good for a fine tobacco. It makes a heavy kind. On this farm there are, or there belong to it 36 servants, of whom 13 are men capable of work, 4 women likewise capable, the remainder old persons and children. From this place nothing has been paid to the General fund except in two cases: in 1833 $600. and since that time $750 have been paid this is the whole amount which has been received from that place for the 9 years since I have been in this country and as far as I can learn from the books, little or nothing was paid previous to that time. The hire of these servants should be at the lowest calculation $750 per annum. At the present rate of wages it should be at $1100. The proceeds of the farm should be for grain of different kinds $1500, for tobacco and cattle $700, leaving besides a sufficient quantity of provisions for the maintenance of persons and the expenses of the farm, which with the lowest estimate should be $2950.00. Now the most that we can make on the farm clear of expenses, $500, this much could be obtained without servants, by renting it or hiring a few hands to work it. If the servants were sold, they would bring at least $25,000. The interest of this sum even at 5 per ct would be $1100, but 6 per might be obtained or more when safely funded, which would be $1500.
Report of Income etc