Those who have the nerve to give up part of their land and labor to the raising of their own supplies and stock have but little need of credit, and consequently seldom get into the hands of the usurers. But cotton is the money crop, and offers such flattering inducements that everything yields to that. It is not unusual to see farmers come to the cities to buy butter, melons, meal, and vegetables. They rely almost entirely upon their merchants for meat and bread, hay, forage, and stock. In one county in Georgia last year, from the small dépôts, $80,000 worth of meat and bread was shipped to farmers. The official estimate of the National Cotton Planters’ Association, at its session of 1881, was that the Cotton States lacked 42,252,244 bushels of wheat, 166,684,279 bushels of corn, 77,762,108 bushels of oats, or 286,698,632 bushels of grain, of raising what it consumed. When to this is added 4,011,150 tons of hay at thirty dollars a ton, and $32,000,000 paid for fertilizers, we find that the value of the cotton crop is very largely consumed in paying for the material with which it was made. On this enormous amount the cotton farmer has to pay the usurous percentage charged by his merchant broker, which is never less than thirty per cent., and frequently runs up to seventy per cent. We can appreciate, when we consider this, the statement of the man who said, “The commission merchants of the South are gradually becoming farmers, and the farmers, having learned the trick, will become merchants.” The remedy for this deplorable tendency is first the establishment of a proper system of credit. The great West was in much worse condition than the South some years ago. The farms were mortgaged, and were being sold under mortgages, under a system not half so oppressive as that under which the Southern farmer labors. Boston capital, seeking lucrative investment, soon began to pour toward the West, in charge of loan companies, and was put out at eight per cent., and the redemption of that section was speedily worked out. A similar movement is now started in the South. An English company, with headquarters at New Orleans, loaned over $600,000 its first year at eight per cent., with perfect security. The farmers who borrowed this money were of course immensely relieved, and the testimony is that they are rapidly working out. In Atlanta, Georgia, a company is established with $2,000,000 of Boston and New York capital, which it is loaning on farm lands at seven per cent. In the first three months of its work it loaned $120,000, and it has now appointed local agents in thirty counties in the State, and advertises that it wishes to lend $50,000 in each county. The managers say that they can command practically unlimited capital for safe risks at seven per cent. Companies working on the same plan have been established elsewhere in the South, and it is said that there will be no lack of capital for safe risks on rural lands in a few years.