| OCR Text |
Show stock for use on their range flocks. The continual gain in popularity of his rams among the range men was proof that they liked them. Commendable reports came also from sales he made to other countries. As stated elsewhere in this account John K was never wealthy in the real sense of the word. True, his business sales brought money to him from far and wide-very little came from his home area. And, after carrying his high overhead expenses, he made a fair profit in good years. He learned during depressing years that he would have been much better able to keep afloat if he had reserved some cash on hand, instead of continually expanding and investing profits as he went along. From that experience, he developed the practice of Keeping a reserve amount of money in a savings account in order to meet emergencies as they arose. Often, he had to pay extremely high prices for hay, grains, and pellets when scarcities dictated. It was a good practice and one he never regretted. His son^in^law, Bill, realized the value of such a practice and adopted it, also, as a basic part of management during his years of steering the business. A NAMING GAME Virginia always supported John K in each of the various phases of his business. Some of them required much time and effort, yet others were accomplished by snatching at time, here and there, 243 |
