The Revolution cut the connection between England and the Virginia planters, but the factorage system was not destroyed. |
The present system of factorage in the corn-trade is stated to have existed only about one hundred and fifty years. |
The factorage system appears to have been introduced in Virginia around 1625, and was actually a part of the consignment system. |
Sturdevant moved to Nacogdoches as the agent of cotton factorage, and continued to operate a cotton yard long after he became a banker. |
After the war Longstreet moved to New Orleans and became a partner in a cotton factorage business and head of an insurance firm. |