St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1889-11-15
WHAT THE TROUBLE IS.
Budd Finds Some Economical
Principles Not RecO snized.

When a farmer undertakes to pay
more for everything he buys than he
can possibly raise to pay for it, the re-
suit is plain. 1t then becomes simple
question of addition and subtraction.
One thousand dollars of expenses and
$500 of crop leaves just exactly $500 of
debt to be taken care of. There you
are, any fool can figure that. Well,
what are you going to do about that
$500? 1t must be taken care of in some
way. You have bought machinery. you
have had food, likewise salt and sugar
and mOlaSses. You have bought lum-
Der and glass and nails to put up
a shanty. if not house. You
have bought dry goods, boots and shoes,
and everything necessary to support
family. 1t is true they may have been
of an inferior quality. and few in num-
bers, but they cost high. All just the
same, and you are $500 behind after
working all summer and putting in
your crop. Winter is coming on. You
must have more food and clothing for
your family. You want more salt and
ard sugar and molasSeS. You must
have more lumber to make your house
warmer. Some of the glass has been
broken in the windows, possibly by the
little children playing. You must have
more, and the five hundred
YOU ARE IN DEBT
must be taken care of. What do you
propose to do about it? You must Dor
row the money. There is a fellow down
town, as there is in every town, great
or small. VINO loans money on chattel
mortgages. You must see him. 1t is
true he is uSurer, but that makes no
difference-yOu must have the money.
There was a provision making it
a misdemeanOr to take unlawful
interest, and you could arrest the
one who did it for robbery,
but the robbers went to a Republican
legislature and got that arrest part
stricken out, and you can't arrest them
any moreno matter where you are,
and something must be done. It is true
the ehattel mortgage lOaners came to
the country as poor as you did. He only
had money enough to make one small
loan. but the bonus on that made him
rich, and here he is waiting to do busi-
ness with you. You can have il, but you
must give him mortgage for $500. and
that must be renewed every ninety days
at the same bonus and the same rate of
Interestingly never loan any money
for longer than ninety days. for that is
not their system and rules Of doing
business. So at the end of the year
for loan of $500, you have paid S1.2O0
bonus and u per cent on the whole loan
and bonus besides. You may think this
steep and an eXorbitant interest and
commission, but il is not, You have
gotten off cheap compared to the one
you have been paying back of the chat
tel mortgage man. There is fellow in
those you have not seen yet, who don't
come round Onlv about election time.
THE CHATTLE NAN
is no where compared to him. He has
no sign out lining in your town. He
does business in altogether a different
way; but just wait till you hear from
him! He is the coon who takes the fat.
What do you suppose that self-binder
standing out in the yard cost TO man
ufacture-on which You have paid S1T5
on time. and have no shed to put it UNI
der2 That machine cost, ready for you
to run, just S25. You paid sl75 for it
seven times the original cost-and you
are now putting chattIe mortgage on
il, to stand out doors till next harvest.
Do you see that Shakey board on the side
of your shack, full of knot holes and
cracks? You paid tariff on that of 81
per thouSand-as much as the whole
thing is worth. Did you see
the little children with their fin
gers in the sugar bowl during
the summer, or with it spread
on their bread. There was big tariff
on that, larger than the ehatteI mort
gage mans bonus. Every time you dip
your toast in your coffee, or take drink
of tea, or put salt on your potatoes, or
put light of glass IN your mouse, or a
coat on your back. Or shoes on your
feet, hat on your head, or any OF your
family touch these things. you pay this
great, good, wise and wonderful gov
eminent a bonus for it. They call it
tariff, but it is in reality bonus. When
these Republican politicians come round
making speeches to get your votes they
call it
PROTECTIVE TARIFF.
But they don't tell you that it is the