Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1879-01-12
ROUGH ON CHICAGO.
UH Perkins Gives Free Reign to HIS Fa,ac
CHICAGO all Qscned Dozen East

vi Perkins Gives Free Reign to Has Fancy
Chicago all Q,cned Dozen East.
Chicago Correspondence Cincinnati ENQUIRER.
The Chicago newspapers are making figures
lie. They are taking innocent, harmless
hgures and putting them in line and making
Them dress-parade around so as to prove-ab-
solutely prove-that Ohio, New York, and
Massachusetts owe more than Illinois, The
State treasury at Springfield has arranged
whole columns of figures to prove that the COM
bined town, county and State debt of Hin lis
IS less than the combined town, county. and
State debt of Ohio, Pennsylvania, New York.
or Massachusetts. knew there was some dc.
ception about the figures given, and so the
other day, in Springfield, made some in
quiries about them.
Where is the fallacy in this statement?'' I
asked of prominent official. Certainly ILL
nois owes more than Ohio.''
The fallacy is this,' replied NV friend
They Go not give the full Indebtedness of ILL
nois. They didn't give tenth part of her in
debtedness. Now, to illustrate, they put down
the ombined town and county indebted ness
OF Mclean county, in which Bloomington is
situated, at about $50O.OOO when in fact. Nc
Lean county owes over $6 600, 900 (?], aud paws
over you, OOO interest money every year to Ohio.
New York, Massachusetts, and the East. They
| don't say anything about the mortgages on
| farms. They only talk about town. county.
and city debts. There are to-day debts hans,
| ing over the Illinois farmers, secured by mort
cages on their farms, amounting to over $780,
OOOOD Mclean county to-day, I saw. paws
over $5O,OOO annual interest money. The diff
ference bet @een Ohio or any Eastern State and
Illinois is this: In other States the individnaI
farmers are pretty we'll out of debt, and the
| only debts standing are small county and town
debts, while in Illinois about every farmer
| owes Tor his farm. In Ohio, if the farmer
| owes anything he owes it to his neighber,
while in Illinois the farmer owes over in Con-
! necticut and Massachusetts.
There is no use Disgusting it: the illinois
| farmer is in bad way. They have had aver
age bad crops in Illinois for over four wears.
Her farmers are disheartened. and the people
In this great State living ON rich lands are to-
DAY struggling along in poverty. They are
plucky and brave, but 10 per cent interest is
eating them up: Daily big farms are chang
ing hands, and Illinois farmers are going to
Kansas and Nebraska, while the mortgages is
taking possession of the lands. can buy
rich alluvial lands in Illinois to-day, with coal
underneath and capable of raising seventy
bushels of corn on top to the acre when PROP
f'erty dstched and drained. for $40 per acre. The
same land IN the Miami Valley would be worth
SGO Land is actually cheaper to-day in IL
lnols than it is in Iowa or Eastern Kansas
And why? Because it is mostly owned by men
who have got possession of it through MOTT
cages, and they don't want it. They want to
sell it.
CHICAGO INDEBTEDNESS.
Glow about the indebtedness of Chicago?"
asked.
"Well. she owes publicly as city, I suppose,
about $40,0O0,00O III, while her citizens owe
privately aoout 2o0,oOO,OOO III. She owes
this 5000, OrO,0 coo to New York, Cincinnati Phil
adelphia Boston, and Hartford"
DO you know" asked my friend, that Chi
oago is mortgaged to-day for more than abe
would sell for in the market? People in Gin
cinnati may owe, but they owe it 10 themselves.
One door-yard owes it to the other. But in
Chicago the mortgages are held out of the State.
do not suppose that Cincinnati owes S5 OOO.-
QUO to-day to persons outside of her CITY limits.
while l say Chicago owes $3.50, 900, OoU this
debt grows like Jack Falstaffs men in buck
ram-that is $3.50, 100000 worth of property
claimed in Chicago, in reality owned in the
East: Hartford, Conn, with a population of
$4,000, owns property in Chicago occupied by
at least 10000 people. &c. in fact Hartford is
double city, half of it situated in Connecti-
cut and the other half situated in Chicago.
New York also has large branch in Chicago
Fifty Thousand people said to I've in Chicago
! are really New Workers, occupying New York
houses located away from home ,,