Tuesday, November 13, 2012

The bank wasn't the only building that had mysteriously burned down--china bronze

He was the one, by the way, who made the family fortune, but I don't want you to imagine him as the sort of man who slaved over his business, working diligently and watching it grow, prospering slowly over time. My grandfather was much shrewder than that. The way he made his money was simple-he started as a bootlegger, accumulating wealth throughout Prohibition by running rum up from Cuba.
Then he began buying land and hiring sharecroppers to work it. He took ninety percent of the money the sharecroppers made on their tobacco crop, then loaned them money whenever they needed it at ridiculous interest rates. Of course, he never intended to collect the money-instead he would foreclose on any land or equipment they happened to own. Then, in what he called "his moment of inspiration," he started a bank called Carter Banking and Loan. The only other bank in a two-county radius had mysteriously burned down, and with the onset of the Depression, it never reopened.
Though everyone knew what had really happened, not a word was ever spoken for fear of retribution, and their fear was well placed.  The bank wasn't the only building that had mysteriously burned down. 
His interest rates were outrageous, and little by little he began amassing more land and property as people defaulted on their loans. When the Depression hit hardest, he foreclosed on dozens of businesses throughout the county while retaining the original owners to continue to work on salary, paying them just enough to keep them where they were, because they had nowhere else to go. He told them that when the economy improved, he'd sell their business back to them, and people always believed him.
Never once, however, did he keep his promise. In the end he controlled a vast portion of the county's economy, and he abused his clout in every way imaginable.  I'd like to tell you he eventually went to a terrible death, but he didn't. He died at a ripe-old age while sleeping with his mistress on his yacht off the Cayman Islands.  He'd outlived both his wives and his only son. Some end for a guy like that, huh?
Life, I've learned, is never fair. If people teach anything in school, that should be it.  But back to the story. . . . Hegbert, once he realized what a bastard my grandfather really was, quit working for him and went into the ministry, then came back to Beaufort and started ministering in the same church we attended.

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