The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1879-03-27
THE SETTLEMENT QUESTION.

| Illh On
How Property Is Sacrificed ct Forced Sale -CaSc
In POInt-CIt Property In Canton aud Massll
lOn-Hotel in LOulSVllle-FArms In Pike ant
Washington Townships,
The Alliance Review Of last Saturday
had an article upon the settlement ques
tion, in reply to the Repository, which
will be found in this paper, and towhict
we call special attention. Mr., Gillespie
in his article overwhelms the Repository
and its ghoul editor with solid facts thai
cannot be got over nor around. The Re
posiiOry has been harping about the
amount of property that the sureties are
possessed of, without stating liabilitief
and membranes. 1t studiously ignores
the fact, also, that NJ. /, Fast, deceased
WAS one of the bail, considered good
when the bond was accepted, but whose
estate now is utterly worthless. Others
of the bail, who were good three years
ago, have become bankrupt, or by in
volvement through the depreciation oi
property, are unable through judgment
and forced sale, to respond, The foolish
stuff in the Repository about what can be
done with the bondsmen by prosecuting
the suit, may be answered by reference
to numerous cases in the Court Of Com
mon Pleas of Stark county. For exam
pie:
The Burton furnace at Massillon was
ordered to be sold by the Court a
year or so ago, 1t was appraised at $lS.
900, but would not sell for two-thirds. A
second order of sale being issued, the
property was appraised at $4,000, but
still would not sell. A third order of
sale is now pending, and the property is
appraised at $S 5OO Prior to the collapse
in 1873 we do not suppose this furnace
could have been bought for $lO0,OOOl
The Ogden House in Canton that cost
ever 100000, was bid off at $4,000 by
the third mortgage, hoping thereby to
save their claim.
Not long since, the Ohio & Toledo rail-
way, running through Carroll county,
and into Stark, &c, was sold at Sheriff
sale for $27 ,68l. 1t cost over 100000!
The Richards building on Market
street, Canton, bought December, 1875,
for 1900 was sold at Sheriff sale late
ly for 81, $3.50.
The Wilcox residence, West Tuscar-
awas, was bid off about year ago for
$4,000, and it cost eleven or twelve thou
sand.
The hotel at Louisville, in this county,
brought the other day 5000, and few
years ago was bought at private sale for
$S,OOO
Farm property is no better, even
where time is given, as in partition cases;
The Smith estate farm, in Washing
ton township, was sold lately by the
Sheriff, and brought $5,29924. A few
years ago $4,000 cash was'ofered and re-
fused
The Welty farm, a quarter, in Pike
township, sold lately, brought but $96 an
acre. A few years ago this farm would
have brought about double.
The American hotel property, Massil-
lon, was lately sold by the Sheriff for
$4,000, and not long ago would have
been considered cheap at fifty thousand.
We might go on and multiply these
cases-might point to idle men, and 81.
lent shops and furnaces; might refer to
the fall of prices of grain and goods to
rented houses that don't pay 8 per cent,
some indeed hardly pay taxes. While
depreciation has been going on, there
has been no shrinkage in mortgages and
debt. This accounts for the crushing
and ruin. Shall the wrecking 60 on for
ever2 Shall good people stand idly by
and encourage a continuation of the
ruin? Shall worthy citizens not be given
a chance, where they are willing to re-
spond according to their ability, and
more2 Shall they and their worthy
families be driven out, their property
sacrificed and hopes blasted?
The Repository and its ghoul editor,
agent and informer for pirstical com.
mercial agency, wish this vulture feast
to continue! We do not, preferring a
return to honest legislation and honest
ways; no initiation, no contraction; no
intermeddlirg or disturbance of values
and business
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