Hot Springs weekly star. (Hot Springs, S.D.) 1892-1917, 1892-04-29

Il oil Mod N ndys Vny00 0sn nNv,Nnr.n mn ~E ySrA.-
and farm n,;ehtadmas 30 -, u,ssless'
pressiva and d;ssstro,a shS "ns - J ;nde ~
edness of other cIassaa IF 1;t;sars onl
Indicated faiinre Nona Of these s+ats.
ments or assertions off renanted ~.
they have heen arc ersta;naS h., me 40
facts. "o
Men who live in tou.ns and in c;t;os
borrow money to Inv homes r. h,ild
houses. to transac business.
Manufacturers and marcbap ,o horrov
large amounts and mortoaSe thar
homes. their factories their stores mn.
their stocks. and. in n lar,a ,na;or;tv NJ
cases. their securities he thaw +.
cages on real estate or personal nrnnar.
1y. are evidences of business fra nsac.
tons which are expected TO and do
realize .ains to the borrower no uel, aS
interest to the lenders. TnaorStealw
farmers. as we'll as men of other avoci.
tions. sometimes borrow iniudic;o,,lv
and mortgages on the farm. home. ta,:Ir,
orv or stock becomes a burden.
The farmer is not less snrewd ;ndus.
trious, economical and careful than The
men OF other avocations. and. AS n rnle.
is less in debt, has a better home, and is
more successful! than the average husi-
ness man. There are less tailmrss
among farmers than among any other
class.
1t p from the report of tine
conptroller of the currency that i, ons
day alone the loans by fortv-sevan
banks in New York City on ,eal estate
and other securities n,nounted To Sog-
1lO,55l. In Chicauo in one dov tv.antv.
one banks loaned .:li5. S!j;. Nine
banks loaned i'm S.. i.onis in one dow
S27 ,S54, 10Y. and 1871 banks in the cities
and towns September u, 3 q loannd
\ - s7 ft,, a., ~, nv,
halt of The hanks or the imTnensa srm,s
loaned by individuals. Let il, he noted
these loans were the transactions of Int
one iav.
The loans ON real esta,e and otnor On.
curities made by 1859 state savinrs- nr;.
yate banks. and loan and tr,,st co,nn..
MES during the Last fiscal Year afno,pf.
ed to So. OIl. lO7. 6b7.
Furthermore. i'm the states where
there is apparently n LARGE farm in.
debtedness there IL likewise 81 largo in
debtedness in other real estate, such
ma city and town Iote In a ra"n,t 20
| mort from the Censms Otl;ce on tI;s all
iect of firm! homes and mo~rtgaoa 4 an
nears that In h state of Iowa 81 totol
real estate Indebtedness of $i3e ~ III
the nortuaroso ~, ar..as yrara SiIu N.Y. III
and S5O.3iI7 Op7 was ON lots in towns sni
cities. I'm Kansas SI7I On nSI voc nn
acre and Sa;s JOG ~ was IN
town lots. In Illinois s:l6S $50 iIo yas
on acre n%ronertv and SOD oIn nss "ns
lots. III r. - fact that tho nlier the
communities the preater are the debts
in tovns aud c;t;as nc r,d lei
the ndebtednes an fs,,, 1880 TIE
ChicaSo dehr nlona was Sol mn nm nr
SIG m6 0O mora than tho ant;,e tsrn,
;ndabtadmes nf Enms.s Nv I'll oon nn \
morn than tha Co." taa,ooo,oo :
Iowa VI
Erom this som. h,,jl.+;, ;ss,,aa v+,,a
Census nf;na ~, ,naar - tnat nbo,,. "a ,n.
cent of the m1nap horroMed nn ,,r,n
m%ortoaoes IN Enns,s was for tha NV.
chase of ronj estate and ;mnrova,nant
ne.rlv q NOR cant fnr Iu,s ass o,.In,Iv
about 81 ner cent farm and tam;,v an.
spto'I md ntbar ans III pu u,n,,,,v "yu
Iowa the ~ntaae of .nartsosns 1;van
for INV. h.sa Of re,I ast.ta and inn
ROY mems WAS abort ~ NOV cont Of
he tarm ndahtoIras =" H. Ii,;no,s nha
nnrca,taaa nf ri.htad,as ,,saa ;n the
rp,,rchasa of raaI as,ata I'D j., - ~
mani w,as ,ho,,t 81 II viii 10 saan tho+
:. vnrv ln,rn ,nrt;on of tho ;ndaita,i'
Moss So r nse l9 ,hr;f, a =, nv mat a;et,ess
tha acau;s;t;nn OF n,ara nronartw .m ;
hetter IN. ;,nnr rau no. W.
4 80 !. :, nYx, IN NJ ~ an ltx, c%N..tr
Ern,m ~ a nn,,, MaG, =; rn nNH ro9 g D,n
& CO. Of the fai,ures Of the tinted
S,otas far tha aaian1a. " uoa ..e ,so, ma
laarn t,,at tho nrmLar ~ f.;i,ras ;;nu
h,,s;noss &C; i, NJ ssaa .i y. ,ns va, ~
tho a,,n,,nt nfIT.%;l;t;as ,.os " 60. ~. -, ani
In Enn.as the nnm,her nS 1s s;ilv,u.s was
o. md l;.h;:;,;as w. =, GaS asI "" VIZ
p.nnss.lvan;n i aSs .,Ji l;a,';i;t;as soi
AZ IS L." ii,;,,n;s 5a1 nra l;oh;i;,;.s
s; Ma IA In Gnnnant;c"t nv n,,nIar Of
s;.oii,.,,1 10, ~ ~ i.;i;,;as 90 10 nnu u r..
I CIV , ,ro am - @.,n;H,,es y -; tv,gTy I;,h;il
it;aS SI .;z 2ai - a.;ii ba ran'au,harad
the, Sr,r".,,yI r,n,s WI uo ,,set4s ned
Gon,as,;n,; ara Sraat ,nan,,fs "tr r Inv
stotas "ra m', ~ eeii5ar thair 1M,s;nass
,.a,hr, = ~ana satt vuS III ~ 49," NE
.,rc,m,ia,nd i'1 m s... wsal. Hu NV n tho a sav.
NC nt 49, 1 M0, uo. m''s III ~ .au Wv
d,s,rassed Inv ios: 81 "-ons o,T vet IN
,Inss ,I,oo n" an, - 1890 ~" stats. +ha
f%.;l,,rss i, IsaI a,,n""tad - es y Oh enS 1
the i;aS;;;t;as rera of the ,ar,o s,on.nt
~ ~ 40 nin ssa ",l;Ia ,he ~. ,w, ,nhsH ~ ta;is
,,rss ~ ~ tI,raa .,Io,i.,,rsI states nf
I1,i;oa;. IL n,.I Ess,.s.s NO ooI snd
IL I:As !: ~ ANo.isss "s !, ,no ~