Or any points they may go for it; I merely mention New Orleans as one point.

A number of our people borrow money in Memphis, and some borrow money in Vicksburg.
Q.Do you know whether those people to any extent borrow capital of Northern capitalists in New York and other portions of the North -- A.

That class of people do not.

In the last few years--I might say almost within the last two years--Northern capital has begun to seek investment in our section of the country, but only upon mortgages on real estate.

The class of storekeepers I allude to generally have no real estate at all; they only have their stores.
Q.Your system by which the planter makes a market for the surplus productions of the laborers upon his plantation dispenses with a middleman, and enables the laborer to make a saving, whereas, if he goes to the hills he makes a loss?
-- A.