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The song is Sixteen Tons, by Tennessee Ernie Ford. The full refrain is:

You load sixteen tons, what do you get
Another day older and deeper in debt
Saint Peter don't you call me, 'cause I can't go
I owe my soul to the company store.


The song refers to coal mining. Coal companies built houses in a "company town" called a "coal patch". Miners paid rent to the coal company. As well, companies set up a Company Store in the Company Town. No other stores existed in that area. The store jacked up prices 3x as high. Miners could buy on credit-- at interest. By the time the month ended, the miner was more in debt than his earnings. So the company let him pay "on credit" but with revolving interest. When it became evident he could never pay, "Coal Police" would come and put the family out on the street.

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9y ago

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