40 BULLETIN 1034. U. §. DEPARTMENT OF AGRICULTURE. 
decreased slightly, from 6.8 per cent in 1913 to 6.6 per cent in 1918. 
The interest rate averaged highest for the farms getting the smaller 
loans. About one-third of the colored tenants had mortgage loans in 
1913 and only 2 per cent in 1918. Ninety-seven per cent had yearly 
loans in 1913 and 80 per cent in 1918. The yearly loan interest rate 
was decreased 1 per cent in 1918 under that of 1913 for the colored 
tenants. 
Another good measure of the increased prosperity of these farmers 
is Shown by a comparison of the amount of money borrowed for carry- 
ing on the year’s business in 1913 and 1918. It has long been the 
custom for many farmers in this area to borrow money necessary each 
year to conduct the business. (See Table 20.) For example, in 1913, 
60 per cent of the white owners borrowed all or part of the cash 
required for farm expenses, while in 1918 only 44 per cent borrowed. 
The colored tenants showed a similar improvement. In 1913 91 per 
cent borrowed all their cash and only 3 per cent did not borrow any, 
while in 1918 only 60 per cent borrowed all, and 22 per cent not any. 
TABLE 19.—Farm loans and interest rates on white owner and colored tenant 
farms, Sumter County, Ga., 1913-1918. 
WHITE OWNERS. 
1913 7918 
yd BeFPS.| Over 150,|= JAIN ssp O0 BETES oo inal al 
oud) acres. farms. raider acres. farms. 
Number offarms PEpOr Ping MOT saee oats Dy 52 48 100 27 38 65 
Per cent of total number offarms....-- 33 43 37 16 33 23 
Amount ofloan per farm reporting...-| $1,488 $8, 795 $4, 995 $1,848 | $10,503 $6,908 
Interesiate (percent) n= 5-2r nes Ten 6.6 6.8 7.0 6.5 6. 6 
Number of farmsreporting yearly loans - - - 84 76 160 65 58 123 
Per cent of total number offarms....-- 54 68 60 40 50 44 
Amount ofloan per farm reporting... - $309 $1, 646 $940 $322 $1,927 $1,078 
7.0 
Imterestirate (percent) ee. saps oe 7.6 6.9 7.0 7.8 | dpa 
2 
COLORED TENANTS. 
50 acres 50 acres eS 
anid Over 50 All antl Over 50 All 
maiden acres. farms. Gas acres. farms. 
Number offarms reporting mortgageloans. 33 28 GLile tS a + + 
Per cent of total number offarms.....- 34 31 OS! |esaar-teaee 4 2 
Amount ofloan per farm reporting. .-. $168 $418 $200 |B4S IF ee $360 $360 
Interest rate (per cent).........:-..--- 10. 2 10. 3 LOS 2iiiocssigeee 9. 6 9. 6 
Number of farms reporting yearly loans -.- 92 88 180 49 83 132 
Per cent of totalnumber of farms....-.. 96 98 97 79 80 80 
Amount ofloan per farm reporting. - .. $104 $205 $153 $117 $211 $176 
Interest rate (per cent)....--..-.--..-. 10. 7 10. 6 10.7 10.1 9.6 9.7 
