The trouble heretofore has been--I am quoting remarks of planters
and steamboatmen--that the planters, although owning the land,
were without cash capital; had to hypothecate both land and crop
to carry on the business. Consequently, the commission dealer
who furnishes the money takes some risk and demands big interest--
usually 10 per cent., and 2
A cotton-planter's estimate of the average margin of profit on planting, in his section: One man and mule will raise ten acres of cotton, giving ten bales cotton, worth, say, $500; cost of producing, say $350; net profit, $150, or $15 per acre. There is also a profit now from the cotton-seed, which formerly had little value--none where much transportation was necessary. In sixteen hundred pounds crude cotton four hundred are lint, worth, say, ten cents a pound; and twelve hundred pounds of seed, worth $12 or $13 per ton. Maybe in future even the stems will not be thrown away. Mr. Edward Atkinson says that for each bale of cotton there are fifteen hundred pounds of stems, and that these are very rich in phosphate of lime and potash; that when ground and mixed with ensilage or cotton-seed meal (which is too rich for use as fodder in large quantities), the stem mixture makes a superior food, rich in all the elements needed for the production of milk, meat, and bone. Heretofore the stems have been considered a nuisance.
Complaint is made that the planter remains grouty toward the former slave, since the war; will have nothing but a chill business relation with him, no sentiment permitted to intrude, will not keep a 'store' himself, and supply the negro's wants and thus protect the negro's pocket and make him able and willing to stay on the place and an advantage to him to do it, but lets that privilege to some thrifty Israelite, who encourages the thoughtless negro and wife to buy all sorts of things which they could do without--buy on credit, at big prices, month after month, credit based on the negro's share of the growing crop; and at the end of the season, the negro's share belongs to the Israelite,' the negro is in debt besides, is discouraged, dissatisfied, restless, and both he and the planter are injured; for he will take steamboat and migrate, and the planter must get a stranger in his place who does not know him, does not care for him, will fatten the Israelite a season, and follow his predecessor per steamboat.
It is hoped that the Calhoun Company will show, by its humane and protective treatment of its laborers, that its method is the most profitable for both planter and negro; and it is believed that a general adoption of that method will then follow.
And where so many are saying their say, shall not the barkeeper testify? He is thoughtful, observant, never drinks; endeavors to earn his salary, and WOULD earn it if there were custom enough. He says the people along here in Mississippi and Louisiana will send up the river to buy vegetables rather than raise them, and they will come aboard at the landings and buy fruits of the barkeeper. Thinks they 'don't know anything but cotton;' believes they don't know how to raise vegetables and fruit--'at least the most of them.' Says 'a nigger will go to H for a watermelon' ('H' is all I find in the stenographer's report-- means Halifax probably, though that seems a good way to go for a watermelon). Barkeeper buys watermelons for five cents up the river, brings them down and sells them for fifty. 'Why does he mix such elaborate and picturesque drinks for the nigger hands on the boat?' Because they won't have any other. 'They want a big drink; don't make any difference what you make it of, they want the worth of their money. You give a nigger a plain gill of half-a-dollar brandy for five cents--will he touch it? No.