The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1892-10-27


But would this be the practical oper.
stiOn OF the bill II 1t should bccOme g
lAWp Let rs lovk further.
EASILY EvADED.
Suppose . nan ia Kansas owns
section Of Srluna II . high state OF
cultivation. He IL out Of debt and has
$40 tO0 Ioaned out. He hes NO mort
gage on his home, Il ID worth $50 pei
acre. What would hinder him, II this
bill becomes . Law, from putting q
mortgage for the full price Of his land
or, 900, on bis section, making the
mortgage ~ 10 . brother or to 9
trusted friend, and In order that be
may accomplish bis purpose have the
mortgage become due within ten days,
He gets the NOR gage on record before
the bill becomes Law, seeing that ID
about 70 BE- passed. The brother OF
trusted friend when the interest OF
principal 10 not paid las IL would not Be,
that being part Of the plsy) goes 70
the county treasurer and obtaining the
full value Of the land or the full
amount Of the mortgage, s2o. 900, hands
IL over to the man that made the mort
gage. II We have $40, OOO, 900 Of
mortgages on the hom, Of the people
Of this State ct the present time, II this
bill should be about TO be passed and
everybody knew 1t, how long would II
take until there would be $500. Quo, O0O
or . 81 ,000. 900, 900 on the homes Of The
people Of this Ststs2 Just - long as II
would take to make the mortgages and
no longer; and these new mongsges
made would become due at the earliest
possible moment for the express pur.
pose Of getting from the Government
the full value Of the lot or land at the
low Fate Of per cent per annum for
twenty ysars.
Aud for the express purpose OF get
ting ahead of the present mortg agors
whose interest or principal does not
come due for 80. go or 80 days and
from that all the way up TO twelve
months No, no, the men who had
mortgages on their homes would not
get any Of this money.
The new mortgages, 1t IL safe to say,
wonld absorb oil the $40 per capita
that can be can be paid out under the
terms Of the bill. But would the PEG
pie Of Kansas be swift enough to get
any Of this $40 per capitap BY &
terms Of this bill what would hinder u
Vanderbilt, who lives In Q mansion
said to be worth 81 500. 0oo, seeing this
bill Is about to become q Law, from
making mortgage Of 81 zoo, 900 on his
home to another Vanderbilt, having
the mortg ,ge " become due within ten
days 50 that the second Vanderbilt
could pro,.ed to draw the 81 800, 900
from the Government, turn 1t over to
Vanderbilt No. l who'd have loan at
per cent per annum for that amount
for twenty yearsp What would hinder
the weslty around New York, Boston,
Philadelphia, Baltimore, Washington,
Buffalo aud Pttsburg, who at the
present time have no mortgages on
their pal rsi humes, and all over the
oil Ter set 4 countries around Wash
ing on, e. n mortgaRing their homes
and hav ~ uu bec1ms due within q
few da,., what would hinder this
class, 1 say. from obtaining the full
amount nf thu Sio per capita provided
for und Z the terms Of this bill and
controlling threr-foarths Of the entire
CIRCULATING m-dium Of the country for
twenty y rs time at I per cant per
aunum: Would Kansas get any Of the
money! Observe that when $50 per
capita is ia circulation In the United
States tfr bill ceases TO operate, even
II New Y .rk and Pennsylvania should
get 1t all.
A BANKRUPT BILL"
Then read section 8 and observe the
means provided for the furnishing OF
this money. Is 1t necessary to 20
further to ace the complete absurdity
As we'll rs the injustice of this proposed
financial monstrosityp Mr.. Davis said
that the bill was Q bankrupt bill. He
spoke Alright without knowing it. Ii
would very quickly bankrupt the
country.
Mr.. Davis said he expected the bill
to be perfected by Congress in two OF
three years. He has been four years
already at work with this measure
and as to perfecting this measure you
may a. we'll talk about perfecting O
rotten egg.
I do not feel justified in using the
same kind of language about this meas
ure that another did. In the month Of
september, 1858, the Hon. John Davis,
then editor and proprietor Of tn.
Junction City Tribune, At that time .
Union Labor paper, addressed and
published In his paper an open letter
to Col, s. F. Norton, then the editor Of
the Chicago Sentinel, ct that time q
Union Labor paper, and perhaps the
principal Union Labor paper published
In the United States. Col. Norton
published . criticism against this pro
posed measure In bis paper, the Chicago