14 
BULLETIN 1404, U. S. DEPARTMENT OF AGRICULTURE 
of the 96 tenants who furnished such information employed such 
credit, averaging $99; all but 2 of the croppers reported the use of 
store credit, averaging S100. In all cases, except for 2 of the owners, 
time prices higher than cash prices were charged. 
Table 11. — Summary sheet for short-time credit 
Credit from bank 
Credit from store 
Tenure 
Average Average 
Total ^° sil0rt " Bank amount rate of 
„™° r * time credit of bank interest 
operators cre(m credit for bank 
used 5 credit 
Operators 
using 
store 
credit 
Average 
amount 
of credit 
at store 1 
Xumber 
paying 
time 
prices 
Owners 
Number Number i Number Dollars Per cent 
146 - 16 ' 18 598 7.6 
96 : i 2 65 7.0 
14 2 
Number 
130 
Dollars 
125 
Number 
128 
Tenants 2 
96 i 99 
12 I 100 
96 
Croppers 
12 
3 2o6 «18 20 545 7.5 
238 113 
236 
i This is averaged by the number who used credit. 
» Two tenants admitted that their credit was gone. 
' Information not available for all owners and tenants. 
PROGRESS IN ACCUMULATION 
In other studies similar to this, involving a larger number of 
operators, it has been found that progress in tenure and in accumu- 
lation of wealth are closely associated. This was found to be 
apparently true wtih the farmers in the present survey. In a general 
way, the relation between tenure status and wealth status is shown 
by "Table 12. 
The average net wealth of the 112 tenants interviewed was §815.44 
for each operator. Of the aggregate net wealth of these tenants 
only S1,000 was gratuitously received, that is, wealth received from 
inheritance, gift, or marriage, and this SI, 000 was received by one 
tenant. 
Table 12. — Average present net worth of 261 operators and its sources by tenure 
classes for colored farmers included in survey, Southampton County, Va. 
Tenure classes 
Operators 
Average 
net 
worth 
per 
operator 
Average 
amount 
of wealth 
accumu- 
lated 
from 
earnings 
Wealth received 
from increases in 
valuation of land 
Wealth received 
through inherit- 
ance, gift, or mar- 
riage 
Operators 
receiving 
Average 
amount J 
1 
Operators Average 
receiving amount » 
Number 
112 
$815.44 
8, 420. 23 
$806. 51 
Number 
Number 
1 $8.93 
149 
5, 412. 63 
UK $BL 869. 65 
14 137. 95 
All operators 
261 
5, 156. 87 
3, 436. 06 ; 146 1, 638. 23 
15 82. 58 
1 All operators. 
The average wealth of the owners interviewed was S8,420.23, of 
which 1.6 per cent was wealth received gratuitously. Of 149 farm 
owners, 14 had received wealth through inheritance, gift, or marriage, 
averaging about SI, 469 per person receiving wealth from these sources, 
or about $138 for each owner operator. 
