Word: furnishers
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Dates: during 1930-1939
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Most of the cotton South's 1,700,000 tenant farmers live by The Book, and The Book is not the Holy Bible. It is a ledger where "furnish" is entered. Furnish is credit for "side meat" (salt pork), molasses, corn meal, seed, sometimes for a mule and a plow. Landlords, or merchants dependent upon them, run The Book. Without furnish, few tenants could live through the winter, or plant in the spring...
...Book. At Jackson last week, the supreme court of Mississippi reversed a Washington County Chancery judgment, declared: "According to the appellee's [Copeland's] own testimony, including his book account, there is no escape from the conclusion that he charged more than 20% per annum on the furnish account." Thereby, ruled the court, Planter Copeland forfeited not only interest but principal, owes Negro Taylor $2,279.91 (equal to the full value of his cotton without deduction for furnish...
This application of the law of usury was a nasty jolt to Mississippi's cotton planters. It meant that henceforth they cannot charge more than legal interest on furnish unless they want to run the risk of supplying it free...
...National Bank had remarked that Government regulations hamper the free flow of credit. Said Jesse Jones: "There is a widespread feeling that credit is not readily available at banks on the character of security that many businesses have to offer, security that, in the opinion of the borrower, would furnish full protection for the lending bank. . . . I am firmly of the opinion that banks generally have not been particularly wise or energetic in meeting the credit needs of the country. . . . Banking is a franchise that carries responsibility, not merely a privilege. ... If banking is to remain in private hands...
Chief U. S. authority on electric eels is Christopher W. Coates, head curator of Manhattan's Aquarium. Curator Coates last week told scientists in Washington that the eels may furnish a clue for electric anesthesia that might be better than the chemical anesthesia now in use. Ingenious Ichthyologist Coates has already found a practical use for these fantastic fish. For years the Manhattan Aquarium was chivied by large river rats that invaded it during the winter. The rats would climb to the top of tanks, snatch fish out, eat them. Dr. Coates bought a few cats, but they preferred...