Kinston, Sept. 10—Hundreds of thousands of dollars in back debts, created for the most part after last fall’s tobacco disaster, will be “taken up” by farmers in the eastern “weed” belt this fall, according to leading planters and “time” merchants here. The sum may mount into the millions. Profit on the new crop now being marketed and increased economy on the farm, is responsible for the general determination to “straighten up.”
The “time men” have been consistently considerate of the embarrassed farmers, according to many of the latter. They will continue to “stick to them” until matters have improved, according to the merchants. This confidence in the hard-hit farmer is universal.
The situation is generally agreed to have improved as the result of a number of things. The farming population this year reduced its fertilizer bills, worked longer hours to curtail expenditures for labor and grow more corn and foodstuffs, while it has given more attention than ever before to the home meat supply. It has cut its expenditures for luxuries and automobiles. From present prospects both cotton and tobacco will bring reasonable profits. Many farmers, according to observers here, will pay off last year’s indebtedness this fall. Numbers who plunged in land and other investments will not be able to “dig out” in a single reason, however.
From The Mount Airy News, Sept. 15, 1921
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