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Josepa, april 20th 1894
To the First Presidency
Dear Brethren; The recent action of the Board of Directors of the Josepa agricultural & Streta Company increasing the wages of the Hawaiian labours
knowing your great anxiety, as also my personal ambition,
to havr the farm conducted so as to pay its way, has led me to
prepair the statements inclosed, showing the probable expense
for labour during the present year as also the income from
the farm during 1893. Suppose our income from the farm
for the present year to be equal to that of 1893. bring $571320
& from some & cattle for 1894$3540,90 & from Mdse & other sources
$803.90 making a total of $10,058,00. Our expenses
as we estimate will be $10,058.00 making the expense
equal to our income. But in this estimate of expense &
have made no provision for my compensation.
Our chief hope for greater profits in the near futue lies in
the swine industry.
The increase of swine from tr head March 1st1892, valued
at $230.00 to 500 head March 1st 1894, valued at $300.00
suggests that during this season we shall be compelled