New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-01-11
MORTGAGES AND TAXES.
MUST UNSUCCESSFUL MEN STAND THEIR
OWN Losses?
MATTER WHICH MUST BIZ LOOKED AT sEs
Sicily AND soBERLY.
(From The Weekly TribuneD
10 the Editor Of Tho Tri bunc

! (From The Weekly Trlbune)
10 he Cd itor OF The Tribune
sly; In yJUr numerous controversies with men Of
opinions and with vagarcs. do not think you
represent the who are not Successful In accum,i.
hating wealth. In YOUR prcScEiaon OF the case " DO
the laws aid tac rIch 10 become richer and the poor
poorer neither you the others give illus;ra-
ton As The Tribune is read almost worldwide. 1t
seems to that your articles may lie the means Of
doing good.
In relation 20 mortgages and tie usases and customs
pertaining thereto. there Is long list of fearful crimes
committed. In this STATE speculation was rampant
five Years ago. Mnny pieces OF property bnght
on ia" plan Of paying one third down onetird for
second payment I'm year and third final payment
TN two years. There have been many cases where the
first and ,eccrd payments were mida and there was
n failure on the third. The capitalist or fortunatc man
I who loaned the money secured the whos property,
stealing and >equesle Ing, call IL what you will.
| the purchasers thousands without compensation No
competent Jndge has arisen 10 inmortaizc himself by
Just decision In these Here is the vasest
financial crime OF the ages. In financial contests ard
/ in legal documents everything Is expressed IN tie
language Of tenderness and protection to the creditor.
The debtor is spoken of a, the ndc. Of doubtful
integrity. a. thief contemplating crime. II II be-
comes cHpcdient. give names OF numerous In
dividual, who have been financially ruined.
Asain. man buys three lot, paws for one OF them
and gives mortgage oil three security for pay
ment on ;lie other two Here Is legal crime II tho
lois worth what they sold i0r the Two unpaii-
for lots should be ample security for the balance due
on tncm This monster injustice does not stop hero
4 man in Wichita bought oIr lots paid SeOO Iwn
In cash. and gave death--age (mOrtSagel for SiOO
When payment became due the real estate iend would
the te lots for thc 800 due, but at ach outside
property. II is impossible for me u tell You what
logic a court could to say that four lots With
$500 paid them wer, not worth $500 II can ONLY
be the Ios of fraud. greed and crime.
Again, in this Los Angeles County u paid tax
this year on lots which 14OO per cent higher than
that OF a man who owned "A THOUSAND lots.
Nr. Ilorr seems naturally to be Oh the side OF
Justice. How con these massive crimes against the
multitude be punished and these wrongs righted !!
Millions Of Amorlcan.Dorn citizens aek no ia'oTs o.
the wealthy They ask only that they may pay their
share Of the public burdens and have 10 spalai or
hired legislation tcir favor. We want none OF Their
honest gains. | NAY say Wealth is a delicaey.'
and those who possess I: should lie most Wiling 10
pay their Just dues, taxation etc.
/ VIII nv fellow citizens hear me when | say TINT
wealth bands together, while the poor and tho'e Vi
moderate mean, have no unity Of actionl Wealth. Is
HOMOGENEOUS Nant poverty and moderate means are
HETEROGENEOUS Band together and worn for justice :
Tollng for party :, only seTvitnds to It's omeial,
Am taking The Weekly Tribune. II Nh. Horr VIII
reply Ia thi. his conscience. shall lie siad 10
read 1T, remarks. with regards. ..
DIR. : wlITEHORN.
los Angelo Cd, Jan. /, 1851
Although somewhat long. ! PRINT this letter
from br Witt i ia fli,. because il contain-
, c.u,pl,tnt .. ... L. heard III many quarters at
,b. ,,,-..., Il, not know Why the Doc
,,r be- vii De glad to read my
,..t a. MY uuake II coEscentiously.
Tl,crc ..,, on hl- part that should answer
"a. letter honestly let mc assure him That
vonld not 60 tie world attempt 90 answer HIM
m any other mauncr II j. distasieful 10 have
a man make such a request Of ne, because ~ Id
an assumption that | mi.ut under some clicUm-
stances. answer him dishonesty
have no doubt from the tore Of Or. White-
horns letter that lie Is perfectly honest ana
s.n,,rc In his questions and set an hirpfIscu
, INIT "A person who can wrtc no Intelligent st"'e-
mcnt oil what lc considers great wrong conid
not have seen how entirely Onoeidcd his We"
Of the case Is
What can he mean when he says. " No COM
netcpt Judge has arisen 10 Immortalizc himself ny
"A lust decision in these cases ? Does lie hoI
understand that tue duty Of Judge II Simply
e. epforco the laws which he finds upon the
statute books? lie has nothing whatever to do
with the passage of laws. Any Judge who should
rise IN" and decide the cases which come rio!e
him without regard 10 tie laws which govern
The duty of a Judge is TO enforce tie laws, no'
"a make them No doubt judge could readily
iouortalil lasef by concluding that he would
run Lis court and render his decisions without
regard 10 the laws governing certain Cases anu
simply 70 crafty his Own notions as " whaI 'ne
laws ought to le. The immortality thst any
Judge would obtain, however. by such procedure
would not be Of kind which would be hatterins
or peasant, to men who possess judicial learning
or instinct
Not A oSEsIDLp MATTfR
But let Us examine Or. WAitehorns IIufl5suoss'
He SAYS: A man buys three lots aad psye Asi
one Of them and gives u mortgage on AL "fee "
them 10 security for the pay VA the other TWO
Here il a legal crime. II the lots are woFth wSA'
they sold for the two unpaid for lots shauid Nc
annie security for the BALANCE due on them
lie begin with, / doubt if such TRANSACTION
40 this ever took place What the man did YVES
this. lie bought three lots and paid one'tDfa
dawn ON each of the lots and gave "A mortgage
10 secure tie balance due, not On Two lots' o"t
ON the entire three. II the man had bought Que
lot and paid for it, and had never oo'heteu ''n
Lead about the other two. no mortgage "oul.
have been given, and no lawsuit would Aa'e wi
lowed That lot ight have gone up or GOWN Al
,rcc hut tne purchaser would still have nsA
his lot The whole difficulty In tns case
urlscs from the fact that the purchaser
bought more lots than he could pay
for 1t is not true. If man se'is
Two lots for a certain sum, that. II the lols are
worth hat amount, they are good security lof
the entire purchase price. No man would ever
sell any property on such a basis. lie depriNes
himself OF the control and use Of certain amount
of property, and, in place of the same NC 'aAcs
notes or mortgage for an amount equai 70 "r.'
4 ba purcl,.Ger La. agreed is Its lar NallC' L"o
notes or mortgage Instantly begin 10 draw Interest,"
The faxes OLA the lots must, Of course, be paid
The seller DERIVES himself OF the power OF seIuls
the lots TO some other purchaser and getting n.
nay for them More than that, the purcnaser
,.I ,to M c.ctation that the, will