The colleges, though of a lower grade, are in most respects similar to the lyces, but they are financed by the communes: the professors may have certain less important qualifications in lieu of the agrgation.
The cost of such ventures and the detailed methods by which they are financed are of relatively small importance, because they are not required to earn a money return on the investment.
The cultivators, whether owners of the plantations, as is usual in some districts, or tenants, as is customary in others, are financed as a rule by commission agents.
Cotton dealers up to this time had regularly financed the spinners, who were frequently men of little capital, by allowing long credit, and had even employed them to spin on commission.
Popes had preached them; popes had financed them; popes had sent their legates to lead them.
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