The clarion. [volume] (Jackson, Miss.) 1883-1888, 1883-10-17

EpuoHs CLAEioN The standpoint
Of your correspondent "Pinus sylvia.
nus" IN opposing the repeal Of this law,
is diiicult 20 undcrstind, under the con
lictine assertions. admissions, aud con
illusions Of his lengthy article In THE
CLARlos Of 2Gth September.
TIE as-ert., "that repeal is another
dodge TO dupc the planters" Was the
enactment the oNo dodgc9 Again be
says. "the law l. great blessing" and
tbbl othe credit system q an accidental
circumstance With which u is mystided
by those urging the repeal" Was nos
credit che object Of its cnactmont' Then
he admits "that the abuse Of this sys-
tenn 6. pinching" Aud that, "this chat.
tol mortgage ia an abomination." Bot
thlt. repeal Nill not stop. but increase
che credit system" But admits, "that
the Grst clIect Of repeal will put full
stop to negro credit Again he AZ
scrts, that "this law stand. a. = bulwark
o. protect the landholder," Aud fur.
thcr on admits, that under this blessing,
and bulwark, "that % out Of 100 land
holders are hardly able to furnish a
breakfast for thcmselyes' Aud then
comes Ia the conclusion. that they have
seen too many plantations 20 up under
dceds ul trust. 30 risk their own.
Again be- SAYS, "that the ruling prices Of
cotton under this credit system will not
warrant margin above q scanty liV-
ing And then he comes 10 the con.
cusinu that u this piachiag ab0mindt,oE
Of hsstiug, and unprOtecting bulrark, u
repealed. that the landholders, unmind
fnl of their past experience with deed,
Of trust. will be compelled 10 mOrtgag,
theirlands % the merchants for advance.
NJ rate Of l5O 70 200 per cent. and the
landowner become the oversCcr for the
merchant to he laughed at by IN,
negroes, and have all sorts of troubles
varied occasionally by being knocked
about hy lawyers and merchants, ans
finally surrender his land 10 the mer
chant
Now Che fact ia, that this crop mort
rage law. section 1859. should be repeal
NNlf NNA NNl NNANNNs hllAA ~ tAfefNMfN ~
law, has encouraged and produced thi
Identical situation, that Pinus Sylvanu
attempts to frighten the landholder
with, a. consequence Of its repeal
A u has taken the control of the labo
out ui the hands Of the landowner, an'
forccd him to rent, ON terms dictated b,
the merchant, and lahOrer, or suffer hi
laud % lie idle and be consumed b,
taxes. II has Furthermore placed th
absolute control Of the cotton crop
which It has forced to oyerproductior
into the hands of capitalists, where
has bccome the stake Of gamblers, b.
which the legitimate laws Of supply an
demand have been suppressed, aud ban
ished from the markets, BY arbitraril
fixing it, price twelve months ahead
II has elevated the capital invested il
ignorance and muscle, over that il
vested in real estate aud intelligence
aud driven it out Of the financial MAJ
kct, and is destroying the value Of n
lands. BY The wasteiut manner Of th
uncontrolled labor this system OF credl
has placed upon L. preventing All Ia
prOvement, or diversity Of food crOI
by which 70 sustain the landlord an
sahorcr forcing them - 80 into the ma
ket with low priced cotton. and e.
change h for hieh priced necessaries (
life. HEM the pinchinr and scanl
living sd the cause that 30 out Of u
land owners can not provide hreakiA
f.r themsclves ID.
Hinds County. oct. 3. 1ssa