The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-12-06
FORECLOSURE WITHOUT APPRAIsE-
MENT

MENT.
The following letter from Col. S. E.
Jocelyn to Judge Reed and his Honor's
reply touch upon very vital question
and will be read with interest, not only,
but be found full of timely and valuable
suggestions:
WICHITA, Kan, Dec. 1, 1890.
Hon. C. Reed Wichita, Kan
My Dear Judge-It seems to me there
! is condition of things existing in this
| state attending foreclosures and so-called
''sales" by sheriffs, that ought to arrest
the attention of every thoughtful man.
| refer more especially to "Sales" where,
under the terms of Observation-Disclosures
appraisement has been waived. 1t IS
certain, that at the present time, in all
such cases property is being slaughtered
and debtors stripped and tieeced for a
song No community or state can afford
to permit such spoliation.
/ am sure that you, sitting as Judge,
must know and feel how monstrous,
widespread and far reaching is the in
justice being done. When all the facts
in the situation are considered, it be-
comes an outrage in which the nation
Itself bears part.
By a fatal financial policy, which our
own Senator Plumb has fifty character
lied III open senate as 1.-The economic
crime of the century" the government,
in face of multiplying millions of pOpu-
lation, and acting under what
malign influences God knows,
has continued to contract the
volume of the money of the country,
thus compelling our vast business to be
done largely on credit, until the inevita-
BILE time has come when debtors, whose
name is legion, in the face of maturing
obligations, are told by financiers that
money is not TO be had; that, in fact,
there is in the country less than one-fifth
the volume necessary to properly trans
act its business and for the payment of
debts. In short, there Is not in exist
ence nearly enough to 60 around. This
is no fancy picture but cold-blooded
statement of fact made by no less per-
sonage than Senator Plumb on the 9th
of June last past, in the senate chamber,
and his arraignment of the government
has, believe, never been challenged.
Indeed, impending disaster has followed
so close upon the heels of his prediction
OiidN tie StCIttdIN Vi lDe treasury HAS
been kept busy unloading millions of the
peoples money to protect Wall street.
But who Is there to protect the people?
The Judgment debtor stands today, not
a culprit. but victim; not a criminal.
but sacrifice. What Is he to do: \
condition of semi-panic among banks.
extends over the entire country. Money
by borrowing Is simply unobtainable.
4 Il L. IL I
before the sheriff and see his property
offered at an alleged sale which is both
a farce and tragedy.
Wha. think you are his feelings when
he sees home property, the accumula-
tons of a life of toll, swept away for
next 10 nothing and his debt sui left
unpaid: What, but that he has been
robbed, none the less really and truly,
though under the forms of lawI Beg
gard, he either Joins the pittiful process
sion of pilgrims out OF the state or sinks
into the mass OF malcontent voters
voters remembers who feel themselves
outraged and with whom viii be the
sympathies of ali men Of right feeling.
My dear Judge, is there no remedy for
this state of things: II not in your hands,
which can be promptly
and effectually applied:
hear much about the sanctity of con-
tracts. but l have my doubts when, as IN
the case of some cut throat mortgages. |
they contain the cumulative devices Of (
attorneys whose knowledge OF law con- /
sists in the evasion Of its equities AMI Of
methods TO cheat justice.
l can D think that the equities Of .
debtors, their wives ard children who (
h-1 a - I
can but feel these are ever and ALWAYS /
the proper wards Of the law and OF the .
courts and as such are entitled 20 para i
mount consideration. Blood Is thicker /
than water. ave. than ink and IN the i
long run nothing i % improbable a. /
injustice. 80 II seems 10 me that If shy-