You are right where we were in '82--large areas of land, in which our problem was to make them carry themselves without cost, or pay a small interest until such time as they would sell at good value. We had very low values on cattle, long distances from the railroads--in fact, every possible disadvantage, but these lands have always paid for taxes and overhead expenses and have always given us a little something in addition, and are at a point now where they pay us a very good net interest on $10.00 land and $70.00 cows. We probably could sell every acre that we own at a price which would give us more net money than we get from the cattle business, but our people consider it a mighty good back-log to have lands which were almost without value brought up to that value and to their earning capacity. I think that if you go into the cattle business you should study very carefully the possibility of disposing of the calf at weaning time. That is something you will have to grow to. The Government is authority for the statement that the economical production of beef is the calf, taken at weaning time, not allowed to go back, but kept coming in the matter of feeding, and if this calf is to be taken at that age, you can run twenty per cent more cows on your range, producing an average of fifteen per cent more calves, as against developing a steer to the three or four year old period, in which his individual gain is your revenue in the matter of a carrying charge. I believe, too, you will find it an economy to dehorn these calves at branding time. It can be done with practically no loss of blood. The animal is well in a very short time. I think he develops better and he certainly sells quicker. Packers have immense contracts, and if the war continues they must have lots of tinned beef. On the other hand, if the war stops the world must stock up again with tinned beef. We know that they expected to pay an average of at least one cent per pound more for their canners the past year, but that the great drought has forced so many cattle in, the owners were very thankful to take what they got and the packers were forced to their capacity to attempt to handle them in such quantities. We know that the calf crop of Texas next year will probably show a decrease of twenty-five per cent, and that if rain comes in time to give good spring grass that a farmer will pay anywhere from ten to twenty-five per cent more in Texas than any other part of America. It would not surprise me at all to see your Florida cattle shippped over to Texas. We know, too, that next year, instead of the normal number of cows coming in in the culling process, which find their average market as canners, it will be the disposition of every ranchman to hold back cows which would ordinarily go into the culls in order that his ranch may be brought up sooner to re-stocking.