A Settler's 35 Years' Experience in Victoria, Australia: And how £6 8s. became £8,000Hulme, E. (Edward)
History
A Settler's 35 Years' Experience in Victoria, Australia: And how £6 8s. became £8,000
Hulme, E. (Edward)
Hulme, E. (Edward), 1818-1904; Immigrants -- Australia -- Biography; Victoria -- Biography
About six years since we erected on the "Home Farm"--our first
selection--Residence No. 3, a superior brick house, which cost about
£500, and very desirable now and appreciated, as wife and I are growing
old--self, 74; wife, a few years younger. The bush furniture has given
place to as good a suite of furniture as anyone could wish for in
sitting, bedrooms, etc., also a superior organ, with which to praise
and glorify the good God who has blessed and prospered us. I have,
besides, taken the brush in hand again to adorn the walls, and leave
some of my handiwork behind me for the children. In fact, for the last
eight years I have done a few paintings, sold a few landscapes, and
exhibited them at various places in the colonies; also sent a large
one to the Colonial and Indian Exhibition in London, for which I got a
certificate and medal. Heavy, laborious work, of course, begins to tell
upon me now if long continued, so that this "soft-handed" work is a
relaxation. My department now in the firm is principally in the garden
and orchard, of which we have now a large one, both fancy and useful.
We have also an orangery recently planted, have also a good many old
trees, which bear wonderfully well. We irrigate with a horse-pump.
We are all still working together in partnership, as it has always been
my policy to give my sons a direct interest in all our undertakings and
property, and this is only right and just, as to them mainly, under
God's blessing, I must attribute our success; anyhow, the labor portion
has largely devolved upon them.
We stand now (1891), after 25 years on the farms, thus:--
Amount of Land, 2,523 acres
At a fair valuation, free £6,150
Stock, cattle, horses, etc. 1,500
Plants, Machinery, etc. 550
------
£8,200
Thus I have shown, as I promised, how £6 8s., or, if you like, £76 8s.,
has increased to £8,000.
It must be remembered, although this looks a nice sum of money, that if
divided between six sons and four daughters, the amount for each would
not be large; say among the six sons, the amount to each would only
be about £1,350. However, by still holding together in partnership,
they can increase it much more than if they divided; in fact, they are
just doing so by purchasing a property in New South Wales of 3,000
acres, mainly for sheep-farming. Besides, I have known steady, single
farm-men, as hired hands at £1 per week and "found," and £1 10s. per
week for harvest work, who have banked at least £40 per year, for over
20 years, which, with compound interest, I presume would total up to
the above sum. Not that I am an advocate for this style of saving, as,
when the money was about half that sum, they would have the means to
marry and settle down; thus be better citizens, and add more to the
prosperity of the colony.
Public-domain text, read in full here on John Shaqi.
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