New-York daily tribune., 1858-12-25
SECURITY GIVEN TO LENDERS or MONEY l.
ILLINOIS.

SECURITY GIVEN III IL Nbfk> VI MoNf1 IN
To n. Editor Of The N. Y Hibune.
Sir: Tie effects OF the panic are no. yet over In
Illinois, The sbortness Of the crops of the last harvest
censeQuent on the wet season, have borne hard on
those Cf our farmers who were heavily IN debt, ss
ma,y Of them were. We cannot expect much financial
relief from our own exports until after the harvest Of
50. Ts1ee (such in many counties, have to be paid
in gold sld silver felt heavy BURDEN and
unless some mode Of relief can be msde available,
many predict renewal of the failures of last Winter
Finahciers watching with intense interest the ten
depcy of tie Surplus funis Of Wall street. II this be
Westward are sure Of relief Our best men, too
seem turpnsedthat money, which is here worth from
ten tO twenty and, IN cases, even thirty per
cent should in desnce Of natural course OF money
TO seek the bet market remain where II Isl worth but
ronina Ia'es. There Seems however, 10 be 40 igno-
rance of our securities on the part OF mooeyed men,
They fancy thai IhnOls Ike of her sisters, has
thrown safeguards around the debtor th II the
creditor. For the henen' OF wbo entertaio such
yievs permit 10 show two securities which Illinois
gives TO creditors. First, deed OF irust which ID
executed By the debtor and by which the creditor
can sell the premises conveyed for cash TO the high
est bidder by giving ten days notice At the debtor
expense, and without the power Of redemption, giving
the purchaser absolute ard clear title TO the pre-
misses Here is the form:
Whefea John Doe patty Of the hrst part Of kno1 County
Illinois
dat. h-rewth payable John Green order twelve
months Aer Thereof r the Of GOO 10 there
the John Do~ party the fret secure the
Of sd note sceordint sad effect in eOn.isr
alton Of 'he further Of 90 10 the receipt Of
which hereby confessed co;h sa1 bargain and - unto
John Green of Coof County the Of inois bis he-s
tie pres known and described as o
lows herr follows description Of land together with al aid
the privileges and spprrsp tA-Tranto oeouzaz
sverthelcs ths. in cefaut b made IL The
thereof sccord nk 10 TIE tenor
and effect of sd uoie then tie appcS0r OF n. esA
holders said and stef publishing notice 10
per days before The day ofah sale sell the SAID premises
and al right ane equity of The reieIpon Of said John Doe
sac;on the Court House County o, Knox % the
he bidder for cash st the time nionet IN such notice
ans make and deliver purcna
thereof dee deeds for The premises sod Ard out OF
proceeds If such 70 all AID expenses injured
ard sc Eng SAID preusa aso t1- principal .ni
sec poe the said John Do parry VI tn
part for himself And his ss executors and s1mrisrs
tors With the said John Green that be vel All
seized Of said premises fee simple al, 'lt BE h,s good
rfi full powe grant bargain and sell the sane II form
thA the nee from I'll ncuhfsnces a. that
he will AID tia; Eis heirs administrator. ana executions shat
ard defend the against the lawful claims
4 oil peTsors wrA;sver. -
ed and sealed this tint Day Of Dec.mber A. D. lass
"Wi;res, - JOHN DOE"
Followed by The usual form Of acknowledgment for
husband AID wife. This form Of trust deed Is
,iored by our Courts, and surely sufficient glaran
~ when the land is worth the amount loaned that
II. money will be forthcoming when due. We have
ar0:her security knOYn r q judgment note, which