The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-08-17

county seats. The main reliance 10 - 'ls
upon the records. Where these disclap. ,aced
uncanceled mortgage, a slip is sent ~ a. a.
mortgagor requesting information Osus
ene questions asked Is: For what purnost
usedgn mortgage
humorous answers are frenua,,l,-
celved. A Kansas farmer who mortJ. re,
dOO acres to borrow $3.50 replied that
used the money to help SUPPORT -. Us
gamblers, merchants, bankers and hoo51aal
politicians" OOOoier
An Indiana farmer with a no-+u
upon 12O acres replied: This lisn 'sa 1ss
$40" 'u' Vaius
A Kansas man explained that he bo.
rowed 500 to pay ''expenses of elactioo.
and signed his name Busted
A North Carolina farmer with 49,.
gage upon 600 acres, said that "the monet ,Oir
was used to pay for nIggers purchased I!
his father before the war;
Another Kansas farmer returned the %,
lowing: '''0 'oi-
Mortgage made to pay debt incurred in b,.,
ness cons 4qu mt upon the damnabe coDtractior
of the currency. --''oa
A poor widow in Tennessee mortys,o4
her home for s13 in 1888 to pay the fu seSa1
expenses Of her husband. The amount 10
Another Kansas farmer replied: "G;,.
US free coinage of silver and enlarge or,
circulating medium and we can nav cur cur
debts and not be asking for stay laws,n N'
An Indiana farmer gave this explanation
for putting a mortgage on his farm:
Was sued by man for $4,000 for aliensti,..
the affections of his wife. Had to borrow n aSi
to settle, but have got the woman '''
A New York mortgagor explains that h,
cd mo IN dol
raising family of ten children. -
Another Kansas farmer explains:
This money raised partly for Improvements
partly to pay debts caused by my wife's scI
ness and death. For said sickness had baer
paying national banks from to 8 per cent M.
month. This is how the bank is daily ROBBINS
the people of their homesteads under republican,
rule.
Another Kansas man said that he bor.
rowed the money for the purpose Of en-.
aiding him to pay "the tariff on the things
l have TO buy aud to make up for the
losses | sustain by reason of non-protection
on the things have to SELL"
The returns show that the common rata
of interest beyond the Mississippi is from
expense for the negotiation of the loanis
added
Five hundred and twenty-five agents were
employed in searching the records. A large
force is now engaged in compiling the nfor-
nation CLEANED. The primary work is done
through an ingenious arrangement of
cards. different colors representing differ
ent facts. The mortgage returns will be
more elaborate and instructive than here.
tofore.
INTEREST CHARGES.
A South Dakota special agent reports
that there is g great scarcity of local
money throughout the state. On short time
loans the interest, commission and the
bonus ofttimes run as high as 40 to IS per
cent, and sometimes higher. Prior to the
last four or five years it was not an uncOm-
mon thing to add to the amount to be
loaned about 25 per cent. and make the
mortgage cover it"
The most difficult fact to ascertain has
been the rate of interest. The true rate is
often concealed. Various devices are re-
sorted to for the purpoSs Of evading usury
laws and of making the borrower think
that the rate Is lower than it really is. In
some parts of the country mortgages ex.
pressly state that the loan bears no interest,
when, as a matter of fact, the real interest
cent. The rates of interest in the south are
as high as in the west, and in crop liens
higher.
FORECLOSURES.
The tendency in every part of the coun-
try has been toward the borro wer's aban
donment of his equity of redemption wien
the loan is made. The power of sale mort
gage of the east and the trust deed OF the
south permit the lender to dispose Of the
mortgaged property by summary proceed
ings and cut off the mortgagor's equity
of redemption within very few weeks
after default Of the payment of the princl'
pal or even interest. In Chicago and Cali
fornia and some other parts of the country
the seller of real estate, upon part payment
of the money, does not give deed, but
agrees to do 50 upon full payment Of the
contract price and interest. The would-be
purchaser occupies the real estate and i'm
proves it, and may be elected upon short
notice upon his firsC default.
In some parts of the south the borrower
gives an unconditional deed of his farm TO
the lender. The lender passes back to him
an agreement to recOnvey upon full pay
ment of the loan aud interest. AT the same
time he permits the borrower to still occupy
the farm. This scheme, of course, cuts on
the equity of redemption, and permits
quick foreclosure.
In Pennsylvania and in Virginia the
lender goes SO far as to get from the Dor
rover, upon the making Of the loan, COM
tession of judgment, which is complete
surrender by the borrower of the right OF
legal defense.
Very few have an idea of the lnforma-
ton to be obtained from the census ONCE;
Not long ago Congressman Dalzell wanted
the names of the people living IN Ale
gheny county, Pennsylvania, in 179O. he
found them at the census office. 1here "ele
10000 of them. The office has the names
of all persons living in the United States au
each decennial period from 1870 to the pres
ent. The records containing these namesafe
stored In the patent office.
THE MAN WHO KNOWS 1T ALL
Last of all we enter the office of SUPP:
Robert p Porter. He has the physique OF
an athlete. He is a clean-shaven, DARK
complexioned man, with swapping olacA
eyes and black hair. He is as active as d
ferret and does an immense amount oL
work. A little over year ago the census
bureau consisted of Mr. Porter, Win d
messenger and clerk. Itoccupied one room
and had two desks. Everything had 10 ~
organized and arranged for the WORK K IA
hand. The electric counting and tapulaIlns
machines had to be made. In fact, they were
invented for this very work. Supt. Porter
has now about ], 800 clerks and 2,0OO youns
women at work The force is Thoroughly
organized and equipped. 1t occupies 'ne
whole Of two large buildings and parS ~ ~
others. 1t is divided into twenty-five u ~
visions, each of which has its own WORE " "
do. Each division in turn is divided luUo
Subdivisions or sections. These again NJ
still further subdivided, so that every p eao
son has special work to do. In June oUuou
,krN..e mil