The sun. [volume] (New York [N.Y.]) 1833-1916, 1877-04-23
THE MIND TIMES IN THE WEST
Il There Any Remedy for Such Distress "A
Letter from Menry CImy Dean.
To rnr EDITOR OF TIE SuN-.Sir; ]


in my family. and is extensively circulated and
read in our ncghborhood.
By way Of inquiry. most respectfully request
to PROFOUND to you Il few questions. which our
people would be glad 10 have answered 10 their
satisfaction. and doubt not you will be- able to
give us your solution. based upon your theories
OF political economy.
! will premise the following state of fads
which exist:
First-Thc entire Western States are covered
WITH mortgages TO srcur, immense loans from
Eastern trust and insurance companies ana
from European capitalists. These loans are
made at from twelve to twenty per cent. interest
per annum. including the commissions from
agents. The exchange for the notes are pay
able in tie Eastern titic-l ana the first years
int rest which il dcdu ted from the principal
before jie delivery Of the money loaned and
the int II is payable scmi-annually.
S"rond-Th'sc lNHns are secured by mort.
Gngc urun three times the value OF the real
Tnrl-ln addition to these exhaustive lions
the rate o. taxation tail toldl IL about two and Il
agr upon the assessed Nalu" oi tue property
! Of the vii. l., country and this is IA very mode
rate calculation oi the tax rates.
Fourth This very condition OF things has
| not only reduced TIE lrr, 0l all NE realty 0i
the country. but il has driven BUYERS from
among ~. ana made u almost impossible To sell
rcnl STATE for any ad"pultr proc.
Fifth-Thc condition of tho property holders
hns siroy"d very largely the prosperity oi the
! eutro mercantile trade of the country. which
has told like manner upon the business Of
This condition Of things is growing worse.
mai viii continue 10 grow worse a. the mort
-tlnily boin,, made IN doublcthe amounts Of the
MORTGAGES paid "n And tho taxes which are
H iY. hs nre '.il. ~ 'n'r ny uu 10 r'u'ul, ~
sn'i in the mIrkptuf avery heavy discount upun
,l'.r ID" me- niy,l'h, o., W. ~. IIiN l'rt-
miuu iIN .eriiing ntrN -. Is fusi much rec
'i ~ ri ,In ,r'.' ~ ,.s II, d,n Nv hr.
v,,, =, H. ,.i, n, H. ''',, ',i ~ ti r'l -
Ennt 81 uy.r grn.n i'i ~ n "a. y, 'r
III" ,'r pol,' ~ M,'lv , 10 uI.M u,' III
! ,str,S,l' ~. ii, t,rir IT, hts ''' ''"' II 'p'"' )"
you nrii,s,, S,.i what you hc,icye 10 be u
W. 'i .,,iS ,,u''''.'i ~ az *.
- ,,i. VIZ, N, ,r, " , ,,.i., ,l, XXX,
/ i' IN -, ~ ~ ~ If" r.N "t'li "''n. ga
i ..' ,i i.''' ~ W "a 49, u, "ilu
,ni ,,,,, ' ~ ,,,,,, NV, ,,, - ,,, To-
w.l ~ ii'i' .'V,i "a, w.. '..ni ~ ,.'' 4,
III ''VH. ,"'bI ,',rn IN ~ "ng p ,.. n
me, luv ~ ia "a l,..rn stn,,,s M n,.,.d nat,
r.ninJ ynn tIn inl.it ~. yili,ims 80 sne'ls
iuliyiib,t nv MINNIE ~ ,,,,n VII, w.. 80
,N .'1' t',T '''.',- ''N uiWI VIII We i.'p -
IT," v"Hi UNI W'. W. ui'. n ,.' ~, W ~
H. rs ,, r,.y m,,,, M, r, VIZ ",, nav ,,,,
/ H. ,p's' WHO prey upon 'he peop' WI" pay the
''T Sii ., a., ,.... .i ,h .... g, .
' '''', '' ''', "'S'r' p NM "'' "in''S-ll III
I Quiet FORM anu d's rili ON ul u, s' sNiiii n;
ana .Nin are break .ns ~ worthless ana ire
/ beers. and public rn,D,'rs-so crowded tunt
I flfN my 'i.rr Us l7 maze nl tur Ihl'd
'u. = u' ii, "'sl'iil '..'',s liun iI' l'!L-
w, - i'' p'''' M'S@r, ''''' 1'''u E
l'l h4ihW} r'pp rs VINO employ tn" hin IS
.~ .l,', 81 nnl SIMPLE mach nrry Tor an 'rr-
rh' D... n'-- iD.t oI.ow- suffering an wh, III
u. W'lN,h It-ry rtsu u, rom li'
Il" ""M' ~. l"i.. - ~. ~ 'l u,h H. i'i'll'- N"
~ nf'.. " il lr",. r., WIZ ,r gan q
u'if."i D, t.., les.'' O., soo''e.i.y.. ,
.'i 10 -'.- . i' ~ ,An' IN ,n'"r'si and