Omaha daily bee., 1889-05-13
Nebraska Farmers Charged With
Lending Lucre.
"You HAD BETTER PRINT THAT. "
"It win Bc News to Them"-Ex-Scna-
tor Van Wyck Thinks 1t n Fine
Fairy Tale, and Very
Pretty.
WASHINGTON BUREAU, The OMAHA BEE,
5IQ u SrnEEr

say Of it. He said
ut appears that Nebraska farmers are
becoming extensive money loaners. You
had better print that; it will be the first
intimation to them of that financial con-
dition, but why start such a storyi"
Representative Dorsey says he knows
many farmers who, years ago, paid per
cent month, who are now loaning money In
the western part of that state at s and per
cent year,
"Yes that may exist in Dodge county, the
home of Mr.. Dorsey, where he has probably
inspired the people with some of his energy,
tact and financial ability, but l doubt If any
other portion of the state is so fortunate.
Certainly there are millions loaned in the
eastern as well as western parts of the state,
but 1t is foreign capital, much of it from
Great Britain, but more from the money
centers of the east. The great bulk Of the
products of the state 20 east in payment OF
premiums for life and fire insurance, for in
terest on mortgages, city, precinct and
county bonds and for railroad transportation
then come back and filtered through the
form of new mortgages become available
for the people,"
What is the meaning of this doubt or dis
trust about western mortgagesW
"Only the periodical cry of wolf a scare;
a threat When interest was reduced in Ne
braska, eastern loaners said no money would
come, but it came more abundantly. Corpo-
ratons said if agitation does not cease, no
more roads will be built, but they were, and
now If the roads can not fix rates as their
avarice dictates, train service will be les
sened and the public disconnected. Young
man. did you ever see prairie, and west
ern farmer in his homel Then you know,
so does every money loaner, that farm
mortgage in Nebraska is better than gov
ernment bond. The security is as good and
the interest higher"
Are mortgages being paid rapidly"
"Possibly not in money. They are gen.
don't want them paid. They know the
mortgages are on the basis of a third of the
value of the land and If they owned the land
could not realize per cent They much
prefer the other man to walk the floor, do
the work and pay the interest. You must
realize that when corn is sold at small
margin beyond the actual cost of produc-
tion, and fat cattle scarcely return the value
of the corn fed, that farmers can not pay the
principal of the mortgages. Yet there is no
safer security than farm mortgages in Me-
braska. A combination sort of jay Gould
may operate with barren lands IN states
where such exist, and make the mortgages
beautiful in appearance. but in the end they
may prove worthless. So syndicate may
issue debenture bonds on mortgages of
doubtful value or in excess of value, but an
eastern man who has O legLlmate farm mort
gage need not lay awake OF nights"
SLEEPY WASHINGTON.
At no time during the past two years has
Washington appeared so completely deserted
as to-day. The city resembled typical win
ter resort in summer time, with President
Harrison, his family and most of the cabinet
officers out of the city and with but few Wis
tors in sight. The regular residents are
away for the season, and the streets are al
most deserted, the churches slimly attended,
and the hotels as quiet as graveyards. The
only rival the business part vi the city has
in the way of dullness is the capitol building,
where three or four policemen are l0unging
alone. This will be dull week On Wednes-
day some of the cabinet officers and the most
prominent men in congress who are here, to-
gether with nearly all the distinguished visit
ors, will 60 to Baltimore to attend the greatest
picnic ever given in this country. 1t will be
rendered by General Agnes, proprietor Of
the Baltimore American, at his summer res
idence, to Frank Thompson, the vtce-presi-
dent OF the Pennsylvania railway company
The president is considering his invitation to
attend. After this week, however, it will
be much livelier. politically speaking. Now
that the office-seekers have thinned out, the
president and his eight counsellors intend to
get down to business, and changes are ex-
pected to take place rapidly In the offices
which have not been filed, and the reorgan-
ization which this administration desire to
bring about in the public service will be
begun in earnest. 1t will be much more
interesting in Washington during the hot
months than now. Early In June the presi-
dent and Mrs. Harrison hope to spend their
Sundays in the mountains of West Virginia.
Mrs. Harrison will be there large part of
her time There will be a suspension of
social duties throughout the city. The rec
reation the president Will have and the
absence Of SO many office seekers Will give
him physical strength and opportunity to
roll up his sleeves and bring about the
changes which he has been wanting.
There are probably not two dozen senators
and representatives in Washington. Those
here confine themselves largely to the dis
cussion of what is to take place In the early
days of the next house Of representatives.
1t Is conceded on every hand that the presi-
dent will call congress together in extraordi-
nary session in October. There are sixteen
contested elections, bnt 1t Is manifest TO
every one that unless an entirely new and
radical set of rules is adopted nothing can
be done with the contests. and months OF
precious time will be wasted by flibustering
democrats. The most serious question thai
has ever confronted the lower house OF CON
gress will be the adoption of its new rules.
HOPE FOR MISSOURI.
1t may be a strange announcement, but q
good many of the western senator's, who
have been keeping close tally OF political
Affairs in Missouri, are confidently expecting
that state to go republican at the next
election. John ID. Jaynes, of Sedalia, is one
of the wealthest and most effective young
republicans IN Missouri. He is here, and
says the fight between the Governor Francis
and Senator Vest factions has split the
democratic party in twain, and with sweep
ing strides tariff protcctionists are taking in
the state. Mr.. Jaynes says that II the state
ticket can not be elected, the republicans
can undoubtedly come in as a compromise
even though they have not u clear working
majority in the legislature, ana secure Sen
ator Vests seat
THE BAYARDs.
Ex-Secretery Bayard, with his five daugh-
ters, will bid Washington adieu, this week,
and go TO their suburban residence, High,
land Terrace, near Wilmington, Del. Score
tary Bayard and his family have been popu-
lar in Washington society, and society il
wagging ITS tongue about the coming mar
riape of Miss Miss Mary Willing Clyner OF
this city, TO the ex-secretary.
pAwNEE BILL.
Major Gordon w. Lille, (Pawnee Bill
who cut such a figure out in Oklahoma, re
Gently, is moving around among the few
visitors in the city, aud SAYS that he intends
TO go back into the new Eldorado, take up a
quarter section of land and remain there
He thinks Oklahoma will be very rapidly de
veloped, and that the three territories from
which the four states are TO be made, thls
fall, will surprise the people In their de
velopment
CAk yIEw.
The fret OF next month, Mrs. Harye,