The patron of husbandry. (Columbus, Miss.) 1875-1883, 1881-09-17

Among these, | enumerate the /
credit system; the vicious business /
mothod of the commercial and ira
ding parts of the community; the
vicious States and Federal laws and
ad transformations, and the absence oi
proper laws TO foster your indus
tries, and the tyranny Of aggrega1
ted capital as welded by individu-
ais and great corporations. beg
leave before proceeding further to
remark, that many Of Us are dis
posed to attribute all our misfor-
tunes and present unhappy condi-
tion to the disastrous cor@,.cnnas
OF the late cit war Willis, NO,
q - POSED to nnderrate that cause, /
am much inclined to think that by
many it has been very much over
rated To France the late German
war was almost, if nat quite as dis
astrous, as the late civil war was 10
MS; yet. in less than ten years. she
has recovered herself, and is to-day
more prosperous than she was be-
fore that event. Our towns, IF they
ever lost anything by our late civil
war, have since receives ed them-
selves and are comparatively pros
porous True, we all lost our slaves
rs property, hut we still have the
labor Of the negro, not as efficient
perhaps as under the old regimes
but on the other hand we are not
now as then, Ho2enS U0lenS, burdened
with his care and support. True,
| the distribution is not the same,
| but as class we have it, and / am
inclined to think that, on the whole
and with precedence, it costs US less
in every way than it did before the
war True, we lost irretrievablv
| by the war some horses. mules, cat
tie, wagons, etc, but still we have
our lands and the right to exercise
our mental and physical faculties.
True, it threw us all out of the old
rnts Of thought and action, and
many of us were too Did to recover
our equilibrium and to readily
adapt ourselves to the new condi
ton of things; bnt that is no excuse
for the young and rising genera
ton. | am inclined to think thai
the most disastrous consequences o.
that war was the Generalization
public and private, which it pro
duced and which still clings to u:
| Iikn NaScuC shirt
But to return from this DEPRESSION
The credit system led Us incvi'
tabIy to more or less extravaganza
and improvidence in buying and t.
the spending of our incomes befor'
we have earned them-by it W,
are too often led to buy what W,
could and orOuld do Without if we hat
% pay the cash for it. 1t puts tn
debtor more or less in the powe
and under the influence of the cred
itor, and to that extent DESTROYS hi
independence and deprives him O
his self respect. The credit pur
chaser always pays the highest pre-
miu for the privileges; and if b
be solvent not only pays his owl
debt, enhanced by the premium, bu
also paws the debts OF those VIII
fail to pay and thus become an in
sGrer Of all his associates; for tn
credit seller never proposes to him
self TO do business on a losing basis
and in fixing the price of his goods
not Onl Y estimates the risks of col
Letting the debts Of what be regard
as his solvent debtors hut also thos
Of the doubtful and VIGOROUSLY in
solvent, and places these risks as
part OF the price of his goods befor
he offers them for sale. No pruden
man or woman should borrow mon
ey, or buy goods on a credit, unIcs
he or she has a reasonable expecta
ton, yea almost "a certainty of be
ing able to make by the transac
ton as mnch or more than the pre-
MUM he or she is expected to pa
therefor; for otherwise he or she
sure to be loser. [ am inclined t
think that it would be a blessing t
: US all if the Legislature should pas
a law that no debt contracted afte
its passage should be enforced b
an action in any of it's courts. Blu
| startle you, and you are all i'm
patient to ask what are we to d
; for something to eat or somethin
/ to wear, for the bare necessaries c
life, to say nothing of Injuries. an
for the means to make this and a
} succeeding crops; tor say you, harO
/: " any time during the year hav
we any money; only at the end {
! the year have we few bales of co
] ton which belong to our good mel
: chant who so kindly furnished I
the supplies to enable US to lice al
t make crop "Iis TRUE, and PITY t
=: It's TRUE You are however niue
the epitbet may gall you) slave
hewers of wood and drawers of wf
ter; imposing upon yourselves til
r business OF making bricks withor
+; straw to mix with the mortar. Ye
: | repeat, Slaves, and vOrse than thu
f WILLING SLAVES, without even tn
spirit OF the despised J ew or negrt
!, the one who exodusted from EgyI
: into Canaan, and the other rom on
! State into Kansas. But there is n
necessity Tor your expatriatin
i yourselves For something to ca
S excepting tea and coffee, yon ca
| 1