Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1893-04-14
MORTGAGES IN DAKOTA
THEY ARE RAPIDLY BEING PAID
OFF.
f,akota Prosperitx.

b -
THE best way, or at least one ef the
best means 1t hand, to determine the
pros sperIty OF thu south Dakota farmer
is that cnnvavad - ,he N.rres =, facts
supplied bv thosa vhn deal In mort.
ravea tha n.rtia. -ho Az tha Ioanin1.
In tina Grst nj. -. thar. - Z hattrr fael.
INC among a. vcssors r. the Esst ~ re.
gard - naknta farm noorte 800 III ~
Sas nreyailed fnr IL. o..s ~ - thrra
years the onnd cron. mi 4ha nnxt fev
wears havino tsnded II Il crassa confi.
denca hoth = hnnsa Snd1 III ~ ~. n ~,
anu rfOm v1o Yurt6af fec1 tGsTEsC
mortgages are being paid on BY iarRpSx
than ever before In Eve 4ears. The
mortgages m ade within the past tvo or
threey ears have also been M ado on q
better basis than previous loans and
there have been but very few fore.
closures on defaults stnco 1870. This
last state Of affairs IA mainly due TO
the fact that experience has taught
caro- to both borrower and mortgages,
the latter getting loans down a low as
possible and the former doing the same
thing with the idea of some day paying
the MORTGAGE of.
The interest payments are also being
brought in splendid shane and ther q
are but few companies with many de.
linQuents: in fact payments on every.
thing that did not default prior to 1850
have been perfect The old time dun.
ming and pushing n necessary 10 secure
remittances are now unnecessary.
parties in manv cascs remittina upon
receipt of che first formal notice before
the interest /, due. In many cases
partial payments arc m ade on the
principai bofore the loan wns due in
anv mart. Tho fact tn at land has been
calling for batter nrices has Also helped
things along m nteriaIly and results In
great deal better feeling.
Foreclosnres. the dread of the aver.
aoa eastern fsrmar nre now a rarity.
.Sera hasrr hrt varv s.w m.da on
loans cnntractad during latar vaArs
~ tLnao that .re M ado ,nost n not ali
vara cnntrsc,ad ~ tho inn.tad valna
ttmes nrior tn ,sss az thosa fore-
cio.od In ,son ,n.nv ,,ocns have sinca
hsen sold at quite ~, advance over ina
,unnav ioanod and .osts ircnrroa IN
foracios,ng Ono oco,,,,,nnv ronorts that
with ne.riv ss onn ,,, 81 husiness nm
thar hooLs tbav haI onlv siytv .cloht
c.,os NJ foracio.,ra in 1.a, and ~
,h,sa ,hirtv.sevan have heen pa
dasmed and seve,ai bava been settied.
,rharo .,ara tuo,,r c.sas vat II ha
hea ri from and tho cl,, NO. vare that
thasa viii ia tatsn cAra ~ Tho cnm-
nanv ranorts tha. i, - nerf.ctiv willing
to ,sta the lsnd ~ sats,ament 4 not
IN Ado ~i,h tho hnrrovor. ,rhis n An.
n,Iar good s;on 40 o~,v /. fev wars
nast /, Loan cou,ns,v was 10th 10 com.
n enco Sorarlosnra ;,rnca.dings 81 loho
as .ha horrowor stavad an tha Iand
nnd mo., ~,ara ,a, r,ra.losad nnti, ths
hnrrawar md ..sLinnad J,
Tha aamrna ama,.s Tho farmars for
mnnav a. not N soot - formerly. hut
ahis t.nds sn sLa 10 ioan. .ysragr
hastar ~h.n rva...tv ~ ~ esa,s.ss 49, Nanss M
Aha loans rnv haInv - ,ic ara Il rnise
n.,,n.,v fnr lnnd nnr.hases hv farmer,
who ara enlnrvina thcir farms or buy.
inc lands for thar chilaren.
All thi. hosna,ks ,ha nrosnerity nj
the south nnkntn farmer and is = sure
indi.atjon Of the up.vrnde procliyities