Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1893-03-14

The Important facts I'm this line Of I'M
qury We're established by investigation.
First Il was shown with d fair degree Of
accuracy that only cight-tcnths OF ! per
cent OF the total debt represented by mort
cages recorded prior 10 ISM remain uu-
paid The census official who conducted
this Inquiry stated that less than s per
cent OF the mortgage debt In force D. repre-
secuted by mortgages recorded prior 10
1870 The other experimental Inquiries
nude 10y the census office fully Corroborutc
the facts brought ont I'm tattaraugus cOun.
ty. II WINS nscertaincd for example. that
only per. cent ~ the mortgage debt uf the
Fpeople Jf Massachusetts was Creutcd before
1870; mat only A per cent OF the recorded
debt la lllluoiA was created prior 10 1850;
Town was created before 1870. These three
conclusions all pointing h the sumo dirrc-
states and 60 % considerable extent IN the
Eastern states that % comparatively small
percentage OF the sting recorded indobt-
uduVss uI ihp present time WIS created pre-.
yious % 1850. This shows that mortgages
are paid
rhcso gtatemcnts officially uttered by the
highest competent authority OF the nation
do not sustain Mr. Maitland, n may DE
that Tie author Of "lhp Ruin of the AmcrI-
can Farmer" based his conclusions upon
partial Information. Some portions Of The
United States are known as "scmi.urid'
regions Western Kansas Western Ne
hrnskn and Eastern Colorado fall under
crops Is not assured In uun.lrriguted dis
trcts unlCss there Is sufficient rainfall.
Nov u happens that IL these sflni.Mid
there have been years when the prcclpita.
lion was abundant Tor "a crop. Very many
homeseekers located there at such favorable
times aud hoping that other good years
would follow. borrowed money with which
10 Improve their h0dlug7 The inevitable
happened. Relentless drouth distressed the
ugriculturist for successive years ana as q
consequence the mortgage interest went
unpaid until foreclosure ended all, Western
Kansas Is hut q very small portion OF the
lr all NJ
| the United states, mainly Texas aud the
/ Indian Territory lie the unJccupicd acres
| awaiting NE man WIN me hoe Praeu-
| land in the public domain has been taken
up. Owing to the position " Texas and
| the Indian Territory. as regards the oceans
southwest winds are moisture laden, pro.
| Willing an uufhlling qud abundant rain
| ful. no crop failure 10y druuth has boon
| recorded Here, as n all new countries,
| the farmer socks loan Of money 10 de-
| yelop the new soil. The result In Texas
| hns been that not l per cent or mortgages
| ~ years. Az "a matter VI fact, no whore
| outside az Western Kansas Western Ne
/ hraHku aud Eastern Colorado have fore
closures been ~ suihcieut frequency 20
| alarm Investors Anc in those regions they
| were the natural results OF criminal
disregard OF the ordinary eloments Of busi-
| ness precautiOn, the better judgment being
| largely blinded by excessive greCd. The
| bursting Of the South sea bubble did not
ture Of die English furmer. whom he
| suys 'livca perhaps too we'll Tie does
| little or no work with hls own hands. His
! wife aud daughters are wel educated ana
1--we On comfort having a servant or per.
hups two. % cook nnd do all the work NJ
| Il comfortable ana wen appointed English
| farm house Tho American farmer does
| not 1--we WELL He has a diet ~ salt pork
nnl beans an tho year round This diet
| he shares With HIS wnrkmcn, WHO i've
with him Tho meals are cooked hg his
| wife aud daughters, who 20 all the wash
| lug. baking etc" Eithr MT Maitland has
! hecn grossly imposed upou hy his infof-
mants, or he Is grossly imposing upou his
| readers,
For me ten years ending 1892, the aver.
Ogo Weld of cereals per Nerc oyer tho ems
| tire United states WAS, WHEAT ~ bushels.
/ corn. 20 bushels. Data go huNhos, harley.
Hd hnshgls' and rfe ~ unSRels The wages
lto white lahorgr0 nyeraeeu, during inc
nixtcon wears ending iS2 gus, per anuum.
! la comnarlson With other countries AIner.-
can farm lahor stands first Ia rate of cpnl-
pulsation. The present rate 81 Sls2 per
| scarcely he Approached hN any other Cuun-
trv Current estimates az the aYtrarc Of
| Othcr countries are quoted nN Alr. Mathew
| Carey ana other distinguished economists
a. Follows; Sseai byl5siN Si, Pet annam
500: Nussla. $50, Italy, $500 indn. $50
rluse arn facis wei kuoWn 90 every writer
| upafi economic subjects How does Mr.
Maitland arrive az iua most rNnarkahie as
seftpn Tint the AniNt.oah MiMT ~ ivrcea
90 exist upon an upiAitifipiNd aiet OF SAIL
nork ana htaus While thH lmgllah farmes
| reNels in roast beef, plun uuuniug and Ni
Tho luxurles OF aiNefmunic ilYlngt The fnel
Is ihof tht American guMee instead ~
belus spgeded along The 0ad 70 rata, 4