te customary to reckon
the interest and then figure this into the face of the note so that none
can tell either the principal or the rate. Below is an actual copy of
such a note, the names being changed:

$22.00. Calhoun, Alabama, June 2, 1900.

On the first day of October, 1900, I promise to pay to the order of
A. B. See Twenty Two Dollars at ............

Value received.

And so far as this debt is concerned, and as part of the
consideration thereof, I do hereby waive all right which I or
either of us have under the Constitution and Laws of this or any
other State to claim or hold any personal property exempt to me
from levy and sale under execution. And should it become necessary
to employ an attorney in the collection of this debt I promise to
pay all reasonable attorney's fees charged therefor.

ATTEST: C. W. JAMES. his
A. T. JONES. JOHN X. SMITH.
mark.

The possibility of extortion which this method makes possible is
evident.

It is worth while also to reproduce a copy, actual with the exception of
the names, of one of the blanket mortgages often given. The italics are
mine.

THE STATE OF ALABAMA,
LOWNDES COUNTY.

On or before the first day of October next I promise to pay Jones
and Co., or order, the sum of $77.00 at their office in Fort
Deposit, Alabama. And I hereby waive all right of exemption secured
to me under and by the Laws and Constitution of the State of
Alabama as to the collection of this debt. And I agree to pay all
the costs of making, recording, probating or acknowledging this
instrument, together with a reasonable attorney's fee, and all
other expenses incident to the collection of this debt, whether by
suit or otherwise. And to secure the payment of the above note, as
well as all other indebtedness I may now owe the said Jones and Co.,
and all future advances I may purchase from the said Jones and Co.
during the year 1900, whether due and payable during the year 1900
or not, and for the further consideration of one Dollar to me in
hand paid by Jones and Co., the receipt whereof I do hereby
acknowledge, I do hereby grant, bargain, sell and convey unto said
Jones and Co. the _entire crops_ of corn, cotton, cotton seed,