N THE cotton states of the South, following the Civil War, the wholesale and commission business flourished. It was a part of the cotton credit system, which was the base of the economy in that region during the period 1875-1917. This study is concerned with the operation of that business in a part of Alabama known as Belt. It is an area of rich soil, which in earlier days had attracted planters and slaveholders. Although the Negro population is large, tending toward eighty percent, the name Black Belt is derived from the black limestone soil.1 The system of business in this section may well be considered typical of business in other old plantation areas of the South. A cotton farmer usually made credit arrangements with a general merchandise store, which extended credit for his household and farm supplies for a year's time. Security for the so-called advances was the farmer's cotton crop, and settlement was made at harvest time. The storekeepers themselves relied on long term credit. They bought supplies from the wholesale houses in the larger towns and cities, frequently selling their bales of cotton to the same dealers. Prior to the Civil War, Mobile was the chief cotton market and wholesale distributing center in Alabama,2 and after the war much of its trade was revived. In 1884-1885 Mobile had twenty-two cotton factors, eighteen cotton brokers and buyers, thirty-four commission merchants, eighteen wholesale grocers, three wholesale dry goods stores, four wholesale clothing houses, four wholesale dealers in cigars and tobacco, and five wholesale boot and shoe dealers.3 These merchants and traders
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