The Souls of Black Folk · ¶266
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,…Read in context ›
Project Gutenberg ebook 408
Project Gutenberg ebook 408
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