- ticularly careless or lazy, it was remembered at this Christmas
dole. Of course, the effect of this arrangement, small as was the amount received by each person, was to give the labourers a direct interest in the economical direction of their labour: the advantage of it was said to be evident.
Mr. R. had purchased the plantation but three years before, and had afterwards somewhat increased its area by buying out several poor people, who had owned small farms adjoining. He had greatly extended and improved the drainage, and had nearly doubled the force of negroes employed upon it, adding to the number that he purchased with the land, nearly as many more whom he had inherited, and whom he transferred to it from an old cotton plantation that he had formerly lived upon.
He had considerably more than doubled the stock of mules and oxen; had built entirely new cabins for all the negroes, and new sugar-works and stables. His whole capital, he said, when he first bought the plantation, would not have paid half the price of it and of the cost of stocking it as he had done. Most men when they buy a plantation, he informed me, go very heavily in debt; frequently the purchase is made three quarters on credit.
"Buying a plantation," were his words, "whether a sugar or cotton plantation, in this country, is usually essentially a gambling operation. The capital invested in a sugar plantation of the size of mine ought not to be less than $150,000. The purchaser pays down what he can, and usually gives security for the payment of the balance in six annual instalments, with interest (10 per cent. per annum) from the date of the purchase. Success in sugar, as well as cotton planting, is dependent on so many circumstances, that it is as much trusting to luck as betting on a throw of dice. If his first crop proves a bad one, he must borrow money of the Jews in
