The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1891-01-15
KAssAs FARM MORTGAGES.
From the Chicago Tribune.

From the Chicago Tribune.
IL the legislation asked for by the
Alliance OF Kansas farmers be
granted them the position Of a man
who has loaned money in that state
may be rs follows, provided the
borrower 10 mean enough 10 avail
himself of the protection" afforded
by the law: The interest must run
from six months to year before .
default can be entered. Then the
stay law will prevent proceedings
for two years. Another three years
allowed for redemption, and an sd
ditional six months required for the
foreclosure, present the lender with
the outrageous condition Of six and
q half years elapsing without the
payment Of any interest whatever,
during which the occupant can sell
the products OF the farm for his own
benefit and allow the property to be
lost for Don-paynent Of taxes unless
the lender himself throws some good
money after bad. In the meantime
the buildings and other improve
meutr have gone to decay, the &C.
cupaut wishing To leave as little be-
hind him when he finally vaeates Il
After all This the unfortunate lender
Is not allowed to buy la the farm
and take possession OF Il unless he
will bid Il In for the full amount Of
the loan, with interest, taxes and
costs Of foreclosure, the whole
possibly amounting TO considerably
more than the reduced selling value
Of the place.
The opening up Of such PossIbIli-
ties might enable those who have
already borro we'd money on their
farms or bought on partial payments
from Q former owner to shirk re-
sPonsiblllty or force the creditor to
make o big discount In order to get
hold OF the rest. But Il would mean
goodbye 10 any lending business in
that state for the future. Kansas
would be avoided by the capitalists
Of other parts Of the Union, and Its
citizens who had any money TO lend
would be careful to place u else
where. This for the result Of the
operation. The moral inIQuity Of
the proceeding needs no exposure to
one who will take = candid look ai
what Il IL proposed TO do, which l.
to rob under cover Of .
state law the men who have been
unwise enough 10 lend money that
10 still unpaid. Judging from . re-
port published . few days ago the
farmers In at least one portion Of
Kansas have resolved TO anticipate
he passage Of such laws aud already
nteFfsred 10 prevent the use Of
'arm by one occupying u under .
effected Ave months ago.
e may be remarked Of these folks
hat their leaders are pFofuse In ex-
sndlng professions Of good will and
oAtoWsuiP W taC Ai't8AtNN hACu IN |
he south, which 10 right enough In
b way, bat they have not . word TO
~ In behalf Of the millions OF half
aid blacks Who labor on the plan
stions, many Of whom are nov try
Nc to escape the bonds Of quasi.
eryituds by fleeing TO Oklshoma.
Apparently they have no sympathy
Nth the vrechedaess Of the poor
slored workers on the one hand. OF
aspect for the rights Of . capitalist
q the other, though the latter may
'sye only Q few hundred dollars
sved ~ rigid economy through
many yssfs Of toll On farm. Yet I
beg profess 10 want equal rights foe
a, and 10 be anxious % Eight down
be oppresscr. II would BE- diffieult
D md . more sigsntie oppression
=. Il