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" ... exceptionally high. The system has proven a curse to many sections of the South. Witnesses before the United States Industrial Commission estimated the interest rates imposed by this system at from 20 per cent upwards. Mr. George K. Holmes of the... "
Reports of the Industrial Commission... - Página 141
por United States. Industrial Commission - 1901
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Agricultural Credit

Edna Dean Bullock - 1915 - 200 páginas
...20 per cent upwards. Mr. George K. Holmes of the United States Department of Agriculture testified: The rate of interest on the liens on the cotton crop...least that. The store system of the South is a sort of peonage; that is what it amounts to with the cotton planter. Since the Industrial Commission's report...
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Readings in Money and Banking

Chester Arthur Phillips - 1916 - 872 páginas
...per cent. upwards. Mr. George K. Holmes of the United States Department of Agriculture testified : The rate of interest on the liens on the cotton crop...of the South, it is safe to say, probably averages 50 per cent. a year. All cotton men will agree that it is at least that. The store system of the South...
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The Development of Federal Reserve Policy

Harold Lyle Reed - 1922 - 374 páginas
...Kemmerer quotes Mr. George K. Holmes, of the United States Department of Agriculture, as follows:1 The rate of interest on the liens on the cotton crop...least that. The store system of the South is a sort of peonage; that is what it amounts to with the cotton planter. With similar experiences elsewhere, the...
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The Farmer's Campaign for Credit

Clara Eliot - 1927 - 336 páginas
...other dealers, such as the farm implement dealers, sell on time. the Industrial Commission,20 said, "The rate of interest on the liens on the cotton crop...least that. The store system of the South is a sort of peonage; that is what it amounts to with the cotton planter. ' ' Mr. Clarence Poe, editor of the Progressive...
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