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£253 PER ACRE PROFIT. B
PROFIT SHARING IN U.S.A.
.Martin L. icuetemk, ot Cleveland, is
proving that profit-sharing truck farm
ing pays, by making £3000 a year clean
profit from twelve acres, lie has made
that 'sum "ccii years straight. He savs
his success' is duo to his plan of shar
ing pro ' " with the men wli j help him
work his model farm. ' _
His success lias been so notable that
George "W. Perkins, a director in both
the Steel Trust and the International
Harvester Company, who left J. P.
Morgan's hanking house to study profitr
sharing schemes for tho benefit of work
ing people, has investigated Ruetenik's
methods. Here is Rcutenik's story
"Ten" years ago, after baling bought
out a brother with whom I had rented
this IS-acre place from my father and
fanned it for a time, I conceived the
idea of making the extra .help partners
with me in the business of ' raising
truck.' I invoiced the land aiid im
provements at just what they cost me
—7000 dollars. I told my men they
could invest from 200 to 500 dollars a
year after they'h:id''SOOP "1 "dollars in
shares.
"I added all improvements and cost
of operation to Hip "value of tlip place
each year awl'paid profits on that oasis.
When' a mail had been hero' one year
T paid him dividends on life salary even
though jib didn't invest'a cent. The
dividends' have ranged from '30 to 40
per cent, every year'right from the
start. Some years they are higher.
' "Under this svstem I have seen .the
place grow in value from 7000 to 40,000
.dollars.' I have 12 acres under cultiva
tion. 2J- acres being under' glass ' for
growing lettuce, tomatoes' and'cuciim
bers at a time wdieir they bring' the
h>ghost price. Outdoors I raise pie
plant, celery and aspuragus; _
"Dividends are 'declared every six
months'.'" ify gross' business is now
30,000 dollars a year.. I have eighteen
nicn "working fop me and Iton of. them
are sharing'the profits.
•'Scientific intensive farming methods
plus inyahjahle' personal interest my
l>rofit-sliaring scheme has aroused m all
thaso who'work for mp are responsible
for iny success. I • have .worked right
along with niy men. I .pay 'better wages
tp those wfim do not sjmve in the profits
than dp other truck fgvnicrs around 'me.
Right' per' cent! <gqps into a deprecia
tion .fund hefoyo I .pay 4Q'. per -cent,
dividends to myself and my'men.'
' "All' ipy equipment is nwdefn.V.I buy
fertiliser, coal and other materials at
wholesale, and whim pric.es- are low* I
run my p>vn' eopliiig' room, so that- ali i
vegetables' are cool; crisp and fresh-'
looking when* they are: taken to mar
ket'. .' ;
" "I w'ill. pay 50 per cent, profits a year
from nop* on, for I expect to* utilise
more of niy land, in the future. I
.'"Any rpan wlip understads-hi" hnsi-,
resp. will got'hotter .results from his 'cm- 1
j ployps if he will take'them info partner- '
j ship- offer thev have'nroven their ill-'
i terest in his affairs and their ability." '
$