The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-10-16
HEBRON HOWL ABOUT HORT
CAGES.

= Il fnaIls ill EtFaita' Ii should not
rest sns, until he I,sd secured suci, Il
vnluabir addition to his rea1ylrcrs. But
f'S'lish ~ Il may seeTa 70 iIebTOn tie
turner's of this country are exceed
iHgly anxious To pHy on and get rid Of
| their mortgages. They do nUt seem
t0 think that farming IL sucIi n profit
able blisiI =ss that thTyscaH afford to
pay 10 per cent interest OH money and
have a g,"d margin left. II such were
the cnse they would ,rdly default III
the payment If interest and allow
their farms tn be sold at slisTiIs sale,
under foreclosure PrOcee'iif gs, fOF IA
mere fraction OF their value.
Tie truth Of the matter is that no
sweeping general assertion can be
logically made AS TO what tile mort
gage indebtedness of the state indi-
cHtes. 1t will lie 40 doubt conceded
10y everybody. that - loan Of money L..
farmer Of Iintited meaus at u rate Of
interest that lie can invest the money
At "a f'T'fit to himself over and above
the Interest Ire is required To pay,
would be an advantage 10 him, and
enable him to accumulate wealth
fHstRr than u he had not had the use
Of the money. 1t will also l,s admitted
10y any semsiI,ir business man that If
the business of the farmer is not
sufficiently profitable TO enable him To
pay the Interest om the m,,ney borrow oil
and leave lin = margin of profit,
the more money lie bOFrUws the wui So
OF lie will be, and IL he continues in
business under such circumstances
in a short time he would lose all his
own capital.
Tile mere fact that large mnTtguge
Indebtedness exists la "a new country,
does not q: itself necessarily show that
the country is retFOgTsHling financially.
nOr that the country is not 50 pros
porous as 1t was before tile indebted
hess WIS contracted. Ia order to
determine whether the financial cOndi-
tion OF the county is improving or
retrOgradiHg other circumstances mist
be taken into consideration. If the
Interest Un the mortgages ID being
promptly paid when due, without
embarrassment or hardship tn the
debtors, and IL is apparent that every
year u surplus remains to the farmer,
which goes to increase his original
capital, il may be fairly assumed that
tile country has been developed more
rapidly than It would have been il the
foreign capital had not been lossned to
tlie inhabitants Of the c,.uutTy. On
ths other hFAsId, If It appears that tile
Interest on tie mortgages in the cOun-
try is not generally being paid Oh
account Uf tie failure Of the farmers
to make enough out Of their crops to
pay their actual expenses and the
interest, and that q large pTOpurtiOls
of the mortgages ia consequence are
sheriH's sale, it shows LlInt from some
cause the iiuRnoisI conditions of the
country is rapidly decliniug.
It is not the existence of the debt
secured by mortgage which the farm
els are complaining 0f, but tile fiRan-
siaI conditions Rt.d methods produced
by visiuus class legislation and monup-
Olistic control Of transportation iaciii-
ties, that pEeyent them rrum securing
that share OF the products Of their
labor TO which asisy are justly entitled,
and thus renders them unable TO pay
even the iHteEess ON their debts They
refer to the fact that farmers have
diAiculty la meeting their Interest pay
nlemts, and ian nsany cases are entirely
unable TO do SO, as incIutEovsrtibie
evidence that the business Of tise
farmer Is mt profitable, aud that the
occupation of the farmer is ls2;tsle uu-
prOiitabie by t!Is middle men aud
transportation -s,ompanies, WIN inter
Vesss between the producer and COLI
s'iuisr, a,ad through the agency Of the
mOnOpUiirs, trusts, and syndicates,
that arr fOstersd and aided lay car
present vicious system Ok legislation,
eXtOEt Frnm tie producers Of tile
wealth 0f the country the Hons share
Of the results Of their InloT, leaving
them ia many INSTANCES Ilot enough to
pay their taxes and the Interest Oh
their debts over and slluve a bsre sub
sisteuce.
/ The farmers who belong to the peu-
pies psrty ars making NO war on the
eOple in tl.r eitst who hold murt gstges
ul uieiT land. They propose u pay
ANA are paying the interest On their
mortgages, even though is takes every
dollar OF their surplus anu leaves them
bat a bare living. B.st they do intend
3 TO iin1t some way 10 restrain tie rxae-
ti0us of the RiouUpoiiStic eDEIlOE1tlts
OF tlie country, Igd All the ylsg ping
and yelling Of ssteii tools and tT5ekatess
as the tsibuiOus bl:bbleE Of tits AsFrlsrV