The midland journal. (Rising Sun, Md.) 1885-1947, 1891-04-17
The Incubus Of the FARM.

The incubus Of the Farm.
The mortgage Is the incubus Of the form.
A list Of nine millions Of farm mortgages
hangs up in the census Office in Washing
ton, caialogued BY the officers Of the gov
efhment. The aggregate amount Of these
mortgages is not given. Whether that will
be published We are unable to say. The de-
parsment 10 letting no information out on
this depIorable condition of the agricultural
ihdusiy that IL can keep back. The census
bnrtah was very loath 10 have the compila-
lion Of farm mortgages made part of its
work. Such information is fearful indict-
ihent Of the financial policy the government
has pursued, and to allow il to be presented
II the farmers in all its hideous results
laeais an intensified opposition that would
bring the party which made such condi-
tion possible to speedy destruction. But il
cannot be hid. Like murder the crime cries
10 heaven for vengeance.
II We are not permitted TO learn through
the census Office the aggregate amount Of
these mortgages we can at least approximate
By estimating them at reasonable average.
They win hardly average less than four
hundred dollars. That would make the
mortgage debt on the farms-not including
other liens-of three billions six hundred
millions. This is certainly not nearly the
full amount, as fearfllly large as that sum
IL. The mortgages on the State of Ohio
alohe amount to over thousand millions.
The annual interest at 8 per cent on even
this minimum estimate of the mortgage
debt resting on the farms, amounts to $780,
100000 annually. Six per cent is the low
est rate of interest, and no authority places
the average rate of interest on farm
mortgages at less than per cent. Per-
quisits, charges and deductions for advanced
interest cannot fail to increase the amount
we have set down very largely.
Under present conditions this debt or the
interest ON 1t can never be paid and il it is
carried over to the next generation, the
farms must al or nearly all 60 out of the
hands Of the present owners and their heirs.
inte the hands OF foreign or city landlords.
Men who are not engaged in farming but
whose business IL bound up in large syndi-
Gates. like the oil trust, the transportation
ring, the stock yard ring, the sugar trust,
the car service corporation, new railroad
invention; who occupy place in boards o.
trade or exchanges, where telegrapher
ticks an electric key and tells the rise and
fall of stocks, he "margins'' and ''corners
on wheat and Cotton, pork and beef; the
ssputs'' and "calls" in railroad stock gam
bling. The farmers will then be tenants,
inhabitihg novels rather than houses, with
Z landlords agent to watch to crops, exact
the landlords share for rent and taxes, like
Lord Scdlly's agents manage his tenants on
$4,000 acres 10 Illinois. This is the
English, Scotch and Irish system of farm
ing and our laws have prepared the farmers
Of America for the same fate. We are under
the san6 system here as there and another
generation will bring Americans under the
same yoke Of tenant servitude that obtains
In ireland. The farmers are rising up in
their might to say this shall not be, that
their children shall not be the agricultural
seris Of naughty landlord aristocracy, lest
they curse them in their graves for having
delivered them while In the cradle into the
hands Of wealth built oligarchy. But The
rescurefs VI the unborn from this gloomy
fate are gathering and forming in battle line
for the assault. They or their trusted
leaders have discovered the strong hold Of
the enemy, and that source consists in the
power Of money to Cypress. Gold is the
mOloch whose thirst for sacrifice can never
be satisfied. The high priests of that god
have deceived in order 10 feed upon the
substance Of the people, as the priests .sof
Bell and Dagon duped their worshipers in
order to devour them. To break the power
of this idol worship and set up in its place
purely American system of finance and
American money instead of the gold fetish
that has been handed down to Us from the
pagan world, is the problem that is occu.
pying the minds Of the people to-day. A
financial friend of New York, who is an
intelligent observer in this paradise of gam
blers, spectators and gold worshipers, ia
private letter which we quote from, says:
ST Is The Jews who are striving to run
cur fnances. get more and more facts
every day to prove it. Their program is to
rule BY starvation and they are putting it in
practice. You will be astonished when you
learn what q hold they have on the boards
Of trade in this country. Others of course
60 with the crowd but the crowd is kept
moving b. them.
''The bulling and bearing of the Wall
street exchange securities is hardly worth
honest attention. The operators are nearly
half Jews and the whole business is more
and more being elassed with more fraud in
It than occurs on any ordinary gambling
table. Wall street exchange speculation
has practically ended except by professional
GAMBLERS"
The Farmers Alliance in Kent is