The emancipation of the slaves in the Southern States has naturally produced great and important changes in the labor system of that section. The planter must now purchase the labor he formerly owned. The black is free to dispose of his labor to the best advantage. The contracts for labor are of three kinds,--for money wages by the month or year, for a share of the crop, or for specific rent in money or products. The first has been practised to a limited extent by the best and most prosperous planters. The share system has been the one generally adopted, because the blacks greatly affected quasi-proprietorship of the soil, and because the owners were inexperienced in the management of free labor, and not inclined to come personally in contact with it. The share varies in different localities, but usually one-third to half the crop goes to the laborers, the landlords furnishing the necessary tools. The readjustment of labor in the South is watched with the keenest interest in other sections of the Union as one of the difficult problems growing out of the suddenly changed relation between white and black; and though some traces of his original servitude remain a cause of irritation between North and South, the agreement between the enfranchised black and his late master is likely to be harmonious, where each is so dependent on the other as is the case in the cotton-growing States of the Union.

_Statistics._--A carefully tabulated statement shows that, in addition to her cotton crop, Georgia produced, in 1876, 23,629,000 bushels of Indian corn, valued at $14,172,000; 2,840,000 bushels of wheat, worth $3,805,600; 5,700,000 bushels of oats, worth $3,876,000; and 23,600 tons of hay, worth $347,628. To these principal crops should be added the timber and naval stores exported from Atlantic outports. In January, 1877, there were in Georgia 118,300 horses, 404,900 oxen and other cattle, 96,200 mules, 270,400 milch cows, 378,600 sheep, and 1,483,100 swine, having a total valuation of $30,815,117. The State is admirably adapted for stock-raising, but, as cotton culture offers the quickest returns, it has hitherto engrossed the attention of planters and farmers. The grain and root crops are largely cultivated for the support of the agricultural population.

Georgia — Part 5