The Lamar register., 1892-07-09
REPUBLICAN MATTERS.
FARM MORTGAGES.
rroof of Enterprise and Good Credit. No,
Evidence of Distress.

| HOES thht nave received as much at
cation and been the subject OF so
much discussion In the newspapers
aud By politicians as the farm ln
aebicdncss OF the Western states
There has been n studious aud per-
sis.ent effort to create an impression
tina, the farm Indebtedness is peculiar;
THAI farm property not only was bur
ucned with mortgasexr but that this
I.-I-hie1ness was an evidenc, Of d s.
tress ~ farm indebtedness was
more yp7essivo and disastrous than
the n tb;cdncss OF other cases OF
ciiisest &snd indicated failure None
OF ih}Aef statements or assertions oft
repc''t rs they have been. are sus-
;aine, !; the fnctt
III fndebielncs, OF the farmers Is
not 3dlinr 20 them from the fact
that farge portion OF tho business OF
this Amenso country is dopc on cred.
T. Nhe manufacturers the mer-
/ cha 10 the traderN the real estate
/ deaErS indiylduaiS aud business
u.e Egcneraily are Hll heavy borrow
% not ouly in tho Nest, bu, IN tho
- In The North aud in tho South
.he cities and towns "a we'll rs In
II, country. FnFmvrS Ike other nc
\ " business mca borrow money TO
~ land To build houses and barns
II purchase stock and to invest in
-kisiuesS
Men who live In towns Rnd cltici
borrow money 70 buy homes 70 build
BorscA 20 transact business.
= 4 iit,o further lnycs; gallon OF sta
tisties Eill shos that Tho exaggerated
statements about the Distress In the
West and Northwuss nad a. peculiar
70 these scrtioaE are not backed up
| by aEunz- and faet< II Is sclf-eyl-
dent fact thai when there g. failure
/ Of crops ani distress comes to the
iaFacrs Of the West this fAllurs and
/ distress y .-li by the business mcu.
nni distress comes 20 them IN failures
and sssiguEicnts iFum the annual
c.ruiar 0i r. q Duuz & Co. OF tho
fAlurcs OF tho United States for the
calendar yez.r 1871. 80 learn that the
number Oi failures in business ia
Massachusetts, was 9dL and the
Emolnt OF liabilities vas SIS ssa y2i-
In haasas ths number % failures was
szj And liabilities verc 81 625. 33l.
] ~ iNulsHf - MIN Asff7H AAA AA-a'aAeAsNl
t35. gs.sss. ia Illilos S5i Rnd liza
buiiscs 81 6sOasIL In C0uasc;icuL
number % iauuros ls5 aaa Liabilities
s2.7lsO21 In lows, nunber o
iAlnres ..J,slassasssl ~ .it'es g.. 25'
i lSSS. ..ssneff oi'''; q :, ,-e'
tAs. - orc, lrSS'Tsf
sssf--Sud CoHuectirIli4
nasu'aeigr.ns states are mIGf df1ef
The r business methods uora settled
and ihey have accumulated NOR
~eAlih by tac saving, OF ossr hun
drci years They were not diftrc sset
eT los, of erofs aad yet IN those iAre
rEanu aciufi1g states tho failures II
IS amounted TO 2 40 and the liza
osiitiss we G of the large amount o
so, ps0 52S whils the number ot fail
4rrs IN tho ihrcn agricultural state
liinoiS Iowa Asd kRnsas was ygI
aad the liabilities amounted TO si4,
ls6 sag. There Hcro ]. ssJ NOR
failures and sSs sI1 65J moro La
bllities IN the thrcu manufacturing
state. than IN the three agriculture
sia-cz ThiS Rotw3thsland. .ng ths
fs-s that there j. moro stability Ia
business iess OF adventure and uuce
talnty 10 Investments Ia tho Eastern
states and more experiment in tho
West more drought hoods and
storms
Furthermore 1t appears from the
an1uai rcpo OF the Commissioner OF
Labor statistics OF the state Of Con
neeticui that the per cspi Of profit
realized on capital Invested in several
ieadiug manufacturing enterprises
during 1890. was A. follows Cotton.
o, II; woolens 7.j7; leather goods
6 2s; rubber goods s. ~; clocks ,. ~;
button. :. -. general hardwAr : 10
or an average OF not quito o per cent
on tho capital invested in thcsa seven
industries
The farmer. OF the West would not
| be content ~ from capital Of $40 600
| invested in farm and stock they re-
allied but $500. or $500 from sl5. GOO.
81. 200 from an Investment OF SEQ o..
or 81. 500 from an Investment OF
$50 600 out OF which they must pay
their family expenses and all other
expenses education OF children etc.
as do the owners OF capital invested
in tho manufacturing industries
This Is one reason why large amounts
o. mouey OF the eastern states seeks
investment IN the West because the
rcturas are larger than from invest
meut iu manufacturing Industries.
IL Is needless TO say that the
care ul dlligen, farmer aud stock
raiser realizes on the average much
larger per cent. on his Investment rs
ho Justly should. besides having his
home and the supper, OF his family.
He has much more OF real content and
comfort AMI less OF tho aax'eties Of
Ii g
There Will. however always be
moro or less Indebtedness because
farmers like other business men wish
20 enlarge their possessions hence
thsy buy more land more stock build
better residences and larger barns.
This indebtedness Is au evidence OF
Thrift; and prosperity aad not Of loss
or distress.
The Main-prIn. 5r Progress.