Levy Brothers Built a Small Empire of General Stores (3)

The hardworking farmers, who accounted for the majority of Levy Brothers’ best customers, suffered most. Those who lived farthest from town paid what they owed once or twice a year when they sold their crops. n the past, these farmers produced at least enough for themselves. But when an unexpected drought joined together with lean times, the farmers were in deep trouble. Many, especially those who rented land, solved the problem by running away.

Levy Brothers, whose policy was to sell on credit, soon experienced the tight money squeeze. And now they carried credit for clients who lacked any visible means of paying until times improved.

(Next: Part 4)

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