The Kanzas news., 1858-01-16

finally agreed to receive him on board the
Wabash.
The Farmers OF Wisconsin in a Tight
Place.
One OF the plans for building railroads in
Wisconsin, has been to induce the farmers
along the route of road to be built to mort
gage their farms to the Railroad Company.
and then the Company sells the mortgages
to raise the money, guaranteeing to pay the
interest and the amount of the mortgage
when due. Those farmers who mortgaged
their farms to the La Crosse and Milwaukee
Railroad. are just now decidedly in tight
place. A correspondent at Fox Lake writes
the Milwaukee Wisconsin as follows:
GA principal topic of conversation among
the people here is the condition of those
who have mortgaged their farms for the La
Crosse and Milwaukee Railroad Co. A very
large proportion of the most valuable land
in this and the adjoining counties, is cover
ed by these membranes, and all the peo-
pie feel common interest in the question
whether or not they are to be foreclosed.-
Considerably more than half the DAYS of
grace allowed after the protest of the mort
gage bond coupons, before the mortgage
shall be executed, and the road pass out OF
the hands of the Company, have elapsed.
and it is much feared that the Directors will
not be able, if indeed they are desirous, to
raise by the first of January, money for
them. and for the interest accruing on the
farm mortgages.
''Should this be the case, and should the
Eastern holders of these securities demand
payment from the mortgagers, it can hardly
be doubted that they viii be met by well or
ganized resistancei The legal question OF
the validity of the papers may be very plain,
but tie question whether they can be exc
cuted here. in opposition to the universal
public sentiment, aud by officers who de-
rive their power from the people, is not quite
so clear.
''The farmers think, and not without rea-
son, that they have been swindled. They
were induced to give their mortgages by
misrepresentation, and the money raised
upon them has been m:sappropriated. 1t
may be very apparent to disinterested OBJ
server, that this does not prejudice the rights
of the third parties, who have purchased
them in good faith. But people here will
regard them is particeps crineinis, or in the
not much more enviable light of wealthy
and oppressive capitalists, seeking to drive
industrious laborers from their homesteads.
Coming thus as individuals from different
places, with no community of interest, and
obliged to contend with the united people,
and under the disadvantage of strong public
appreciation, they will have but sorry time
of it.'
The Washington County Democrat gives
case in its knowledge:
''In the town of Polk, farmer mortgaged
his farm for stock in the Lacrosse Rail
road, to the amount of $4,000. The DEM
ocrat calculates that with the interest on the
mortgage, the future probable valuation o.
his farm, and the present rates of the stock,
the farmer will lose So, $40 by the operation
Our agricultural friend, it says, is some
what in the situation of man who had an
enraged tiger by the tail-extremely dan
gerous to hold on and certain death to let GO
It is said that from 1900 to 8, 600 farm:
are thus mortgaged to Railroads in Wiseon
sin; that the railroads cannot pay, and tC
release their farms viii strip nine-tenths o
them of the hard earnings of many years.