Life On the Mississippi, Part 7.
Life On the Mississippi, Part 7.
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In our eReader you can find the full English version of the book. Read Life On the Mississippi, Part 7. Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Life On the Mississippi, Part 7.
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The purpose is towork on a cash basis: buy at first hands, and handle their own product;supply their negro laborers with provisions and necessaries at atrifling profit, say 8 or 10 per cent. ; furnish them comfortablequarters, etc. , and encourage them to save money and remain on theplace. If this proves a financial success, as seems quite certain, theypropose to establish a banking-house in Greenville, and lend money at anunburdensome rate of interest--6 per cent. Is spoken of.
The trouble her...etofore has been--I am quoting remarks of planters andsteamboatmen--that the planters, although owning the land, were withoutcash capital; had to hypothecate both land and crop to carry on thebusiness. Consequently, the commission dealer who furnishes the moneytakes some risk and demands big interest--usually 10 per cent. , and2{half} per cent. For negotiating the loan. The planter has also to buyhis supplies through the same dealer, paying commissions and profits. Then when he ships his crop, the dealer adds his commissions, insurance, etc.
What to read after Life On the Mississippi, Part 7.?
You can find similar books in the "Read Also" column, or choose other free books by Twain, Mark, 1835-1910 to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The purpose is towork on a cash basis: buy at first hands, and handle their own product;supply their negro laborers with provisions and necessaries at atrifling profit, say 8 or 10 per cent. ; furnish them comfortablequarters, etc. , and encourage them to save money and remain on theplace. If this proves a financial success, as seems quite certain, theypropose to establish a banking-house in Greenville, and lend money at anunburdensome rate of interest--6 per cent. Is spoken of.
The trouble her...etofore has been--I am quoting remarks of planters andsteamboatmen--that the planters, although owning the land, were withoutcash capital; had to hypothecate both land and crop to carry on thebusiness. Consequently, the commission dealer who furnishes the moneytakes some risk and demands big interest--usually 10 per cent. , and2{half} per cent. For negotiating the loan. The planter has also to buyhis supplies through the same dealer, paying commissions and profits. Then when he ships his crop, the dealer adds his commissions, insurance, etc.
What to read after Life On the Mississippi, Part 7.?
You can find similar books in the "Read Also" column, or choose other free books by Twain, Mark, 1835-1910 to read onlineMoreLess
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