Iuka reporter. (Iuka, Miss.) 1888-1894, 1889-03-14
The Mortgage.

ters tell US that ihs word is SO CALI,
because property ot any kind NOR!
gagged formerly became dead % II.
)wncr- that is. passed into tie hand
If tha !m"r'ga#ee upon the failure o
the morigagcr to pay the deb,
was intend 10 secure. Mortago il
modern times is i rHycnoaa vu''ur'
that il cati'!s the very vltals of a.
culture. l, cannot be shown tha
any country whose people were ti.t
up in mortgages ever prospered.
It one of the safcst evidences o: u
lack of thrli. and prosperity.
shows depression and lack OF con
l tidencc in business. Strange rs
may appear, the records show thai
most OF the mortgages given in our
country are given BY farmers either
upon growing crops or upon landc'
estates, Thousands of men arc teG
up to day with the dead pledge, o.
death grip, Us it may be called, who
= few years ago, would have beer
,nsulted to bs called upon for mort
| gage, History shoya that with al
increase Of poverty comes an incre
ase OF mortgage system. How long
viii our farmers continue a policy
that will in short time enslaye them!
The mortgage state is only the Sec
ond stage Of debt. :hc, third being
absolute poverty and destituuor, aud
thousands reach the fourth and last
stage, robbery--crino in general
| The condition of many in the Uni.
ted States to day affords q sad verl.
6calion of this statement. Marm"rs
and Alliancemen, hor is with you to
day? Did your merchant ask you
for a mortgage this morning when
| you begged an indulgence Of him! II
he did, don't blame hlm-business is
business, you know, and if you have
Preached the second stages you must
expect to share the common fate. We
nav continue our abuse of tho rob-
ber tariff the national banks, mon
opolies, trusts, etc. as much as we
please, but 80 long as we continue to
enslave ourselves with debt we be-
come objects Of ridicule in the minds
of others, II now remains for the
farmers of our country to refrain
from debt. and especially the dead
plcde.' By this cunning artitice the
bulk of the cotton in the south and
the grain in northwest is forced upon
the market in unnatural quantities.
ind thus il afforded another pretext
tor the cry of over production while
thousands are suffering for tho com
forts and necessaries Of life, present.
ing an anamalous condition, indeed
There is continual over production
of manufactured articles, 30 much so
.bat thousands of workmen are anu
ally dismissed, and yet there is no
leclLe in price Of things sold to the
producer. What is sauce for the
manufacturing goose ought to be
sauce for the agricultural gander;
and would be if the gander would
pursue the same course az the goose;
that is; avoid selling at wrong times.
, rho farmer under the present sys-
TEN, sell vt once. This is wrong, and
contrary 10 sound business principles
Other classes of people sell during
all tho year. The farmer, in addi-
! lion to the damage OF selling all at
lone time, is thus deprived OF expert
sncs and practice of tranactinl bus.
mess, and this accounts largely tor
, | The ignorance Of the rules Of business
on the part of many OF our farmers.
rhe dependent condition Of our
great aericultural region is cansed
6v debt. Farmers hope TO influence
legislation and obtain recognition at
,he hands Of law makers. but they
all fail ss long - they are depend
II ant upon others. Let every farmer,
, and especially every Alliance man,