Hide Article Text (OCR)
The land, though fertile and capable of anything, they have been taught to believe is worth nothing, except for cotton raising. Thus they are made dependent uptn the cotton brokers, and being so, cannot rise superior, famd is cheap—worth almost nothing. Cotton is the only commodity the farmers can •ell, and the brokers, who are leagued together, never pay cash in its purchase Nor do they wait for the crop to be gathered before buying. They gratify a gambling propensity among the ignorantpopulation by buying the probable crop, even before the feed is in the ground. No,tthey do not buy it, but they accept a chattel mortgage upon it, and give the firmer store orders. These cannot be realised upon at once. Ooee the firmer gives th#mortgage, and he independent tipbd tbh thefoy of the merchant, dho dolaa him but attpp!|ee justaf fta keaa flt.▲a the see son, advances, should the croppromise poorly, orders1 for merchandise are not honortkJand the farmer can' do nothipg, unless hiplunges desper Into the mire, by seiiing futeree.But this is not the vtovat. ' The whole mbrtgipge system is bad enough. Thisinterest is what takpa away, the last vestige of liberty. Each document draws interest, it the rate of forty per cent, deducted in advance from the merchandise orders given in exchange for the mortgage. Think of it! Forty per cent! And this rate of interest is moderate to what has been the rule. Two years ago it was sixty per ceut! In despair a secret organisation was formed, called the “Wheelers and through its instrumentality the reduction was effected. Tohear Porter toll the facts that came within his knowledge makes one raise his hands in wonderment and ask, is there no Northern man. with a sense of justice as well as a sense Of business, who will go there and trade with these oppressed
Newspaper Details
Massillon Daily Independent
Massillon, Ohio, US
Sat, Jan 28, 1888
Page 1
Full Page
Clipped by
Massillon P.
OH, USA 21 Feb 2023
Other Publications Near Massillon, Ohio
Massillon Daily Independent
Massillon Item
Massillon News
Massillon Independent
Evening Independent
