The Anderson intelligencer. [volume] (Anderson Court House, S.C.) 1860-1914, 1889-10-03
price that will not only replace the capi-
tai he has invested, with interest, and
refund him the wages paid the laborers,

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but it must yield him q clear profit
besides, otherwise he could not afford to
follow the business of its production.
All these charges are advanced to the pro
Queer by the importer VI hen he invests his
capital in the purchase of the hay for our
use, and when the farmer purchases from
the importer it must be at price that
will replace his capital, with interest,
together with the cost of transportation
and other expenses, and leave him also
clear profit, otherwise he could not afford
to invest his capital in the business Of its
importation, and all these charges and
profits ultimately come out of the pocket
of the farmer, who is the consumer.
Now, all this is precisely true in every
particular when applied to the various
producers of the live stock, bacon, corn,
flour and of every other farm supply for
which ne are dependent on foreign mar
kets. Every branch of industry must
and does yield its profits, otherwise it
would be discontinued, and there is
nothing truer than that all these profits
are ultimately paid by the consumer.
How is it possible then for him to pur.
chase them at price equal to what it
would cost him to produce them himself?
It cannot be so. The fact which must be
understood and appreciated by our far
mers is this: That whenever we our
selves become the producers of our nee.
essary farm supplies, then all these profits
which are going in the pockets of foreign
producers will be saved and added 10 our
capital at home. As these profits are in
proportion to the amount of our pur.
chases, it may be interesting, as we'll as
instructive, to ascertain as nearly as
practicable the amounts annually
expended by us in the purchase of these
supplies. They may be said to be fairly
represented by the liens and chattel
mortgages under one hundred dollars.
1t is true that an error might arise from
this method of calculation, owing to the
fac! that this description of chattel mort.
gage is sometimes given as an additional
security to the lien proper for the same
agricultural supplies. But the records,
as they now stand, do not furnish the
means of ascertaining when this is the
fact, and besides such an error must be
inconsiderable. As the indexes to each
furnish the amounts for which they are
respectively given, the only labor requir.
ed is the simple additions of the columns.
1t is much to be regetted that the
indexes to chattel mortgages over one
hundred dollars, and to mortgages on
real estate, do not furnish the same infor
nation, defect which might be rene.
died at q very trifipg expense to The
County compared with the value Of the
information which would be thus
afforded. The value of the live stock
purchased by us annually is usually
secured by chattel mortgages over one
hundred dollars, so that no estimate can
be made of our purchases on that account,
for the reason that the index to this class
of chattel mortgages does not furnish us
with their respective amounts. The
indexes then to liens and chattel mort.
cages under one hundred dollars for
agricultural supplies for the last three
years show that our expenditures have
been as follows
Liens for 1SS6............. $3.50 s5
Chattel Mortgages under
one hundred dollars..... e6,7s4 % $19S,4o3 Al
Liens for 1SS7................. 1857 81
Chattel Mortgages under
one hundred dollars...... 5S,2S3 76 1I5,l00 81
Liens for 1SS8.................... i57,745 81
Chattel Mortgages under
one hundred dollars.... 69,6ie II 207,394 3S