Given these agricultural strengths, is there anyone who believes the United States alone couldn't produce an extra $365 billion worth of food, at full retail price, if there were a ready buyer for it?
Credit, if given, was treated as a debt, and secured as a loan by the seller to be repaid by the buyer, for which he gave a bond.
As it was often clearly to the advantage of the buyer that he should receive immediate delivery he did not object to water in moderation, but art soon began to run a little ahead of nature.
When transferred to the buyer's warehouses the bags are opened and each piece is examined by a public inspector in the presence of both buyer and seller, the quality of the opium being judged by appearance, odour, colour and weight.
The farmers, with these contracts in hand, can plant aggressively knowing they have a ready buyer at a fixed price.