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Updated: June 22, 2025
I further determined, that when at any time my net profits, that is, profits from which clerk-hire and store expenses had been deducted, should exceed $500 in a month, I would give twelve and a half per cent.; if over $700, fifteen per cent.; if over $900, seventeen and a half per cent.; if over $1,100, twenty per cent.; if over $1,300, twenty-two and a half per cent.; thus increasing the proportion of the whole as God should prosper, until at $1,500, I should give twenty-five per cent., or $375 a month.
I further determined that if at any time my net profits, that is profits from which clerk-hire and store expenses had been deducted, should exceed five hundred dollars in a month, I would give 12 per cent.; if over seven hundred dollars, 15 per cent.; if over nine hundred dollars, 17 per cent.; if over thirteen hundred dollars, 22 per cent. thus increasing the proportion of the whole as God should prosper me, until at fifteen hundred dollars I should give 25 per cent, or 375 dollars a month.
That being the case, I shall arrange to foot all the bills for this year's expenses the rent, the Directors' fees and clerk-hire and so on out of my own pocket. It comes, all told, to about 2,700 pounds without counting my extra 1,000 pounds as Managing Director. I don't propose to ask for a penny of that, under the circumstances and I'll even pay the other expenses.
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