Human collateral provided much of the capital for slaveholders to purchase more land and more slaves. This, in addition to enslaved people’s free labor, created much of the 18th century wealth that US growth and development depended upon.
Edward Baptist elucidates how slavery drove capitalism in his book, The Half has Never Been Told: Slavery and the Making of American Capitalism.
This is not hyperbole or exaggeration. A look at slave mortgages, usually found in deed records, starkly illustrate this.
Two Types of Mortgages
Slaveholders securitized their enslaved property in two ways. They took out mortgages on the purchase price of a slave, by putting a percentage down and paying off the purchase price over time. This allowed them to get the slave and start extracting their labor before they finished paying for him or her.
In the image below, I highlighted the enslaved property and also the language where they are essentially mortgaged:
The second way is that slaveholders used their enslaved property to get loans. Those loans, as I mentioned above, were used to finance and grow their slaveholding enterprises. In fact, in many cases the slaveholder took out multiple loans using the same enslaved people as collateral.
All of this means that the very bodies of enslaved families solidified their own enslavement.
These instruments had disastrous results for enslaved people. If the slaveholder defaulted on that debt, the result would be a sale of those people.
How to Use These Records
Searching deeds for these records can help those researching enslaved people in two ways. They can help verify or confirm a slaveholder. They can also reveal the names of enslaved people owned during a slaveholder’s lifetime.
Typically, one of the few ways researchers discover those names is when a slaveholder dies before the year 1865 (after the Civil War). In that case, slaves are usually listed in the estate inventory of the deceased.
But in many cases, the slaveholder survived past 1865. How, then, can we connect a person to the set of people he or she claimed ownership of?
Slave mortgages are one kind of source that can provide that critical connection. Other sources include bills of sale, premarital agreements and sometimes tax and guardianship records.
Mason and Rachel Garrett/Garrard
Mason and Rachel Garrett were my third-great grandparents. I have discussed their enslaved roots here before. One of their former owners (and the source of their surname) was William W. Garrard.
He was from Muhlenburg County, Kentucky. William migrated (with his enslaved property) to Lauderdale County, Alabama, then to Decatur and Hardin Counties, Tennessee.
William Garrard made numerous deed transactions, especially when he was the county clerk in Lauderdale County. My research and that of a paid researcher, Patricia Hartley (who did a FANTASTIC job!) revealed that William made at least 11 transactions using his enslaved property as collateral. At least 8 of those documents named my ancestors, Mason and Mary.
William’s Mortgages
It appears that William defaulted on at least two of those debts, and he had numerous court cases that I am still trying to sort out. The value for me a a researcher is that these records allowed me to reconstruct two of his enslaved families.
One of those families was my ancestor, who is referred to as “yellow” Rachel and her husband Mason and their children.
In the 1870 census, “yellow” Rachel and Mason used the surname “Garrett,” and “black” Rachel’s family used the surname “Choat.”
Sadly, there is no trace of several of these family members in 1870. While some probably died, and some perhaps took other surnames, I suspect that some were sold away because of these mortgages.
Closing Thoughts
Our country was a slave society for more time than we have been a society without slaves. Slaveholders created innovative financial instruments in order to grow and sustain the institution.
In their time, these slave mortgages surely caused inestimable pain and sorrow for the families who were sold because of them.
Today, let’s use them to find our families.
I am an engineer by day, but my true passion lies in genealogy. I have been a researcher, writer, lecturer and teacher for over twenty years. This blog is where I share family history methods, resources, tips and advice, with an emphasis on slave research, slavery and its aftermath. This lifelong quest has helped me to better know my family’s past. I’ve taken back– reclaimed– some of that lost memory, especially that of my enslaved ancestors. I hope you’ll sign up to receive my posts—if you do, you’ll get a free PDF with some of my favorite tips! And please do share posts that interest you.
Great post and great stratagem for using mortgages to link enslavers to the enslaved where the former survived the Civil War!
Hi LaBrenda, thanks for commenting! We certainly need every document we can find.
Robyn
Thanks for sharing this helpful information.
Thank you, Marsha!
Another great post, Robyn! Reading this makes me wanna take a week vacation and head to some courthouses in Mississippi, North & South Carolina, and Tennessee. After your great Land Records lecture on last weekend, I’ve been looking more at the land records on FamilySearch.org. I found the original 1870 land deed of my great great grandfather, Pleasant Barr, along with church trustees, purchasing a lot in the town of Ripley, Mississippi to build St. Paul CME Church.
UNC-Greensboro has started (February) on a 3 year project to digitize slave deeds held in the Registrar of Deeds archives off multiple counties in the state that volunteered to be part of the first parts of this project.
People, Not Property – Slave Deeds in North Carolina.
Fred, thanks for sharing this. North Carolina is way ahead in so many ways with these kinds of records. I hope more will come.
Robyn
Hi Robyn,
My name is Rhoda Lane Brown. I’m your cousin and I’m desperately needing your help to straighten out my family tree that I’m building on ancestry.com. I was talking to our cousin, Harry Jimi Cook and he told me about you, and that you helped him with his tree. It is my great pleasure to meet you, Ms Robyn. My mom was Annabelle Cook. She passed in 2002, in Elliott City. I live in Houston. It would be an honor to have someone with your expertise assist me in this matter. My family tree’s name is ‘The Lane and Cook Family Tree’. Thank you, in advance, for any assistance you can give me. If you can’t, I understand.
Sincerely,
Rhoda
Rhoda, I’m going to contact you via email. We are just getting started digging into the Cook family, so I havent done much of anything yet, but I’m always glad to meet more cousins!
Robyn