The Hillsborough recorder., 1875-10-06
WHY TILE FARMERS AXE POOR.
The same Reasons Apply Nth Eq,nsi force
10 N0rih Carolina as 10 Georgu.


We copy the following from the States
vile Landmark:
Georgia is free money State; there is
no usury law IN operation in that State. But
in her last Legislature the policy Of reviv.
ing such law was agitated with much Bit
teruess Ne remember reading the dis
cussiou upon this question and remember
how eloqueutly the bankruptcy and ruin o.
tue Georgia farmers was predicted as the
inevitable result Of free aud unrestricted
money.
Well. tho Georgia farmers are IN de-
plorablc condition. truly--ana The yyudi-
tion Of the North Carolina farmer Il quite
the sane.
In recent report Of tho Georgia depart
mcnt Of agriculture we iad the explanation
explicitly set forth, and further ind. as in
yestigatiol will likewise disclose ii North
CarollIa, positive contradiction Of tho sa-
gaeions political economists who demagogue
the people With false theories about usury
laws. and By crying Money Riugs.' Here
s what's the matter IN Georgia:
|. That sixty.scven couatics report bsy-
ing paid S2,O7S, 800 us anuual interest by
buying on time.
2. That about 38 per ceut. Of the cotton
crop was plcged for supplies advanced to
make it--in utber words. onc,third Of the
crop was sold before it was grown.
3. That Of those who raise their own sup
plies. about 80 per cent. make profit by
farming. aud per cent, lose.
4. That about u per cent. of the far
ners give daily persona supervision to their
farm, labor. while 29 do not.
). That land Is more rapidly exhausted
under the cropping and renting system than
when worked by wages labor. as
CREDlT-'l'hal's tie first great evil.
The Georgia farmers pay Al per cent iule-
rest per annum for this privilege. (Ilad
they not better borrow from the Muaey
Ring at 42 or even Is per centfj
The interest on what they annually con-
sumo amounts in the aggregate to the start
ling sum uf five and q quarter millions Of
doliars-whieh is said IL be more than half
Of tne bonded debt Of the State.
Among The remedial measures suggested
We find not the slightest allusion TO The
baneful peration Of free money. The re-
port makes these suggestions:
|. The farmers are recommended TO
cease buying supplies that can be rasej on
tlioir farms. aud At the same time reduce
their planting down 70 cash basis.
=. III demand such tax on dogs and
such protection from their ravages is will
enable them IL raise WOOL and mutton. aud
tins utilize their IL present waste Or useless
lands.
The fact i worth mentioning that with
only $40. I92 sheep ii GeOrgia. the annual
los Ls these animals. yaluing the sheep at
only Sl.5O per head. i SsS ,-ls7, which is
a mere tfife compared to the amount lost to
them BY the prevention Of sheep raising.
3. 10 eommcuce AZ Unce TO provide d
gaii.st the leaks which are sapping their e.
naneial life.blood. by sowing largely Of
grain. and especially of the rust.prpf cat.
early ii the fall. by carefully La,sLanding
all tie manurcs on the farm under shelter.
for use in composing ior the next seasoU's
crop, aud by taking proper steps towards
increasing their facilities for raising stock.
1. 10 abandon the cropping system, aud
lastly use rigid economy IN everything.
We subuil this to our own farmers for
such reflection anI consideration as their
intelligence may suggest.