The security offered for such transactions—a crop and chattel mortgage—may at first seem slight. And, indeed, the merchants tell many a true tale of shiftlessness and cheating; of cotton picked at night, mules disappearing, and tenants absconding. But on the whole the merchant of the Black Belt is the most prosperous man in the section. So skilfully and so closely has he drawn the bonds of the law about the tenant, that the black man has often simply to choose between pauperism and crime; he “waives” all homestead exemptions in his contract; he cannot touch his own mortgaged crop, which the laws put almost in the full control of the land-owner and of the merchant. When the crop is growing the merchant watches it like a hawk; as soon as it is ready for market he takes possession of it, sells it, pays the landowner his rent, subtracts his bill for supplies, and if, as sometimes happens, there is anything left, he hands it over to the black serf for his Christmas celebration. The direct result of this system is an all-cotton scheme of agriculture and the continued bankruptcy of the tenant. The currency of the Black Belt is cotton. It is a crop always salable for ready money, not usually subject to great yearly fluctuations in price, and one which the Negroes know how to raise. The landlord therefore demands his rent in cotton, and the merchant will accept mortgages on no other crop. There is no use asking the black tenant, then, to diversify his crops,—he cannot under this system. Moreover, the system is bound to bankrupt the tenant. I remember once meeting a little one-mule wagon on the River road. A young black fellow sat in it driving listlessly, his elbows on his knees. His dark-faced wife sat beside him, stolid, silent. “Hello!” cried my driver,—he has a most imprudent way of addressing these people, though they seem used to it,—“what have you got there?” “Meat and meal,” answered the man, stopping. The meat lay uncovered in the bottom of the wagon,—a great thin side of fat pork covered with salt; the meal was in a white bushel bag. “What did you pay for that meat?” “Ten cents a pound.” It could have been bought for six or seven cents cash. “And the meal?” “Two dollars.” One dollar and ten cents is the cash price in town. Here was a man paying five dollars for goods which he could have bought for three dollars cash, and raised for one dollar or one dollar and a half. Yet it is not wholly his fault. The Negro farmer started behind,—started in debt. This was not his choosing, but the crime of this happy-go-lucky nation which goes blundering along with its Reconstruction tragedies, its Spanish war interludes and Philippine matinees, just as though God really were dead. Once in debt, it is no easy matter for a whole race to emerge.