The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1890-04-03
FARM MoRraAaRs.

The Repository has been hearing
something, As II asks question
about H. we suppose II doesn't read
It's hearsay appears 10 be thuHi
What is this We heaT about tho farm
land OF western Europe being mort,
gagged "f0f one half OF lta gross value 7
This fact WAS certainly not started ON
its rounds aa tarlif reform argument "
anBWer 10 the mortgage argument OF
Democratic papers about Gyol0nio kan
Bas and de60lale Dakota, being made
hard up in farm lands by Protection
Secretary Blaine instructed llepubll'
can agents to collect mortgage statlh-
tics in Europe, From incomplete re-
turns II 10 said that the farms OF West
em Europe arc mortgaged to one'half
their gross value, When the atatlatlea
are printed in full II will be quite In
teresting 10 trace the mathematics
Are the farms OF tariff aoeuTaed Ger
many, France and Spain ineludedY
Are the farm lots OF Ire
land In Western EuropeY Who
owns them2 Does tho tenant mortgage
the freehOldp Does the noble mort
gage them 10 pay the same class OF
debts as compel tho American farm
mortgageaq When the figures and
their environment OF facts are publish
I'd, what tariff arguments they anaTer
or oOTrohOrate san be determined, or
whether they relate 10 the tariif NJ ALL
Meanwhile there are some United
States statistics already cOllated' In
Ohio what an insulting act OF euperef'
ogation Ia II, TO instruct the farmer aa
10 tho situation OF tho agricultural in
terest. In each township he knows the
comparative values OF, and the iocum'
branoea upon his neighbour lands. ie
realizes It 80 Ylyldly, that II would be
almost an unklnd reminder 10 toll him
Of his individual condition. The stu
alton In his community ID u criterion OF
that In every other. II Ia an impudent
insult 10 bis personal knowledge TO be
instructed by the Cleveland Leader to
the effect, that "the improved real ee-
tate Of the United States Is not mort
gagged for more than 10 or II per cent.
of ita actual value
In Illinois 20 per cent Of her farm
value is under mortgage, at unpayable
rates OF interest, Governor Foraker
In 1887, comparing land values In Ohio
with those Of 1880 said; "Thero has
been heavy decline Farm property
ls from 20 10 30 per cent cheaper than
II was" From official estimates the
land mortgages IN Ohio reach three
hundred million dollars. The last re'
port Of the Michigan Bureau OF Labor
declares that a per cent, Of the farms
of that state are encumbered, The
very recent returns Of the assessors IN
New York assert that thousands OF
farms are falling into the hands OF the
mortgages. In the northwest the per
centago 10 but little lower 80 long rs
his margin OF profits Is nothing, or less
than his interest obligations, does II
occur TO him that the reductiono OF taxes
on his implements and clothing might
Increase it9 ls II not the talk Of theo'
retlcal lunOcy 10 persuade him TO cur
tail cultivation 70 within the demands
Of home market2 The rigid analysis
Of the home market creed inevitably
leads to the advocacy Of free love com
munitles, and kindred ideal systems.
Out TO the sea Takeoil the ohackleo
from commerce. Make raw materials
free. Build up the merchant marine,
Manufacturing will not then be by
spasms. Agriculture, having It's cost
OF production lowered, will leave u
greater profit.