History & The Arts
The life of Mama Elouise Edwards
...system of communal saving based on trust. A group would join together to pool their regular savings. The money was kept by a trusted “banker” and the members took it in turn to have access to the lump sum. This enabled many families to put together the down payment on a house. As Elouise’s husband, Beresford described it: I used to throw what is called ‘pardner’...