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8. Said parties of the second part are to keep accurate and complete accounts in writing of the purchases and sales of stock and of the expenditures of all monies entrusted to their care, which accounts are to be submitted to said party of the first part whenever he may desire it.
9. Any taxes upon said cattle are to be paid half by the party of the first part, half by the parties of the second part.
10. Said cattle are to be branded with the maltese cross on the left hip and are to have the cut dewlap, these brands to be the property of the owner of the cattle; the vent mark to be the letter R under the maltese cross.
Witness: Signed:
Roger S. KENNEDY Theodore ROOSEVELT M. HANLEY (_party of the first part_) William MERRIFIELD Sylva.n.u.s FERRIS (_parties of the second part_)
_St. Paul, Minn., September 27th, 1883._
ROOSEVELT'S CONTRACT WITH WILLIAM W. SEWALL AND WILMOT S. DOW
LITTLE MISSOURI, DAKOTA _June 20, 1885_
We the undersigned, Theodore Roosevelt, party of the first part, and William Sewall and Wilmot S. Dow, parties of the second part, do agree and contract as follows:
(1) The party of the first part having put eleven hundred head of cattle, valued at twenty-five thousand dollars ($25,000) on the Elkhorn Ranche, on the Little Missouri River, the parties of the second part do agree to take charge of said cattle for the s.p.a.ce of three years, and at the end of this time agree to return to said party of the first part the equivalent in value of the original herd (twenty-five thousand dollars); any increase in value of the herd over said sum of twenty-five thousand dollars is to belong two-thirds to said party of the first part and one-third to said parties of the second part.
(2) From time to time said parties of the second part shall in the exercise of their best judgment make sales of such cattle as are fit for market, the moneys obtained by said sales to belong two-thirds to said party of the first part and one-third to said parties of the second part; but no sales of cattle shall be made sufficient in amount to reduce the herd below its original value save by the direction in writing of the party of the first part.
(3) The parties of the second part are to keep accurate accounts of expenditures, losses, the calf crop, etc.; said accounts to be always open to the inspection of the party of the first part.
(4) The parties of the second part are to take good care of the cattle, and also of the ponies, buildings, etc., belonging to said party of the first part.
Signed:
Theodore ROOSEVELT (_party of the first part_) W. W. SEWALL W. S. DOW (_parties of the second part_)
