The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1885-08-20

hons s>s Jxap ~ sal IHf lls
he seresItisa that they efo Hull Nne
Into MONEY "a The viii HI ihH l.nINf
N II true that Ttsss eHu nifHNsH un.
Questioned sscnfitits, aul tiilH iHN' III
ber' ming knOwn ahfnt lhnd poo 0NuaH
uienes money ~ being Hnf IrfH fu hH
Iwued, aud The VOlun .nnl VIII iN
crease ff0fu yeaf ~ ytHf n1 IhiH iHNf
becomes moro ganOrallV tnuWU, fnI
Tun HERALD IN dOint ii1 Onuul.H f
great service IN sgitatinB the q1uHillui
Hut tho fact remains that Eastern cap.
itni largely regards Texas loans as n
venture, n ID contents itself with low
rates at nome rather than take risks
iur higher rates hero. THIS feeling Oi
distfii,t IN largely due Ia our homt =
attend law, whose provisions ara 40
sweeping, ard At the Same tire ~ an.
dehssd, that even tho most skilled
Ia Nyer oi,tntimes Ia unable u say IN
ADVANCE whether certain piece oi
real estate II embraced In tho homo
stead provisions ar not no may
think not, ana tho borrower may say
not; he may even In his application for
the loan swear thai 10 IL not,and yet The
courts hold thar ~ H., aha in that case
the lender loaen his money, and tho I'm
preston In made and deepens that real
estate security in Texas IL IA myth,
the consequence being tina. parties
who can furnish ur que STONED security
| have TO pay GXOIbiLaAt rates 10 mako
good the dishOnOrablo deialcaiiOns OF
o. heTs.
Und our present ny stem n man
may claim and have sat apart 10 him
uol ouly the house that gives shHlter
IuYhis family, nut also tho place whore
hi docs his business, REGARDLESS of tho
vllus Of the huildiugs, whether, they
| Id worth 81 600 or $4,000. Suca Ia ths
| obstruction placed on tho coustitu-
tibn by our supreme court, although
many able lawyers and members ~
tho Constitutional convention believe
That this construction is wrong, and
! That the true construction would DO To
exempt tho "plgce of business" only
when there WAS no homestead proper.
| We believe that this was tho opinion
OF NJ .jDr John Henry Brown, who WAS
| Rimun,bsr OF tho convention. But u
~ now too late To cavii about con-
structioGs. We should tnrn our atten-
dion To tho best mode of amendment,
for IL is conceded that this liber@lity OF
exemption IL unjust, boLh 10 the dtDSor
And ~ q ii'or. To the debtor, because
II he were permitted to bind his pIaGe
o. bu .iness no could often raiso money,
lilab Nhuld MN W. 'A'NNN
~ hard season, when otherwise he
would have to 20 To the wal and see
ms Accommodations of liio time sacri-
heed IN the courts. 1t IL unjust to the
creditor, because no mao has the right
In morals and conscience 10
be rich in fine residences
ana stores at the expense
of these who may have furnished him
tho money to build them, whose wife
and children may suffer for the neces-
saries OF life, whiie he luxuridtes in
his handsome home and snaps his
iiuger at those whose kindness started
him IN business.
A homestead law that would secure
10 family "a home, not Exceeding in
value, say So. 600, including ground and
house, anu 80 framed that the extent OF
the homestead could he known from
the county record, would meet the mp
probation OF the most honest-mindec
people, and would soon result i'll low
ering our rates of interest; to allow a
greater exemption would be- to encour
rage this disbOBests and kDavery.
/ trust that The HERALD will EN-
large Oh tho views here suggested, and
continue the agitation until the law
making power makes provision Tor the
change of the homsste.d law, which
now out too often serves IS the refuge
tnr SnnVes