Daily independent. [volume] (Elko, Nev.) 188?-1915, 1894-09-12
Farm Mortgage Debt.


of the decentralization of silver as
sho wn in the increase Of private in
deDte Inc 3 since 1880:
The evils Of silver's demonstration
we e feit soonest and with most sever
ity " the agricuitur Il IN Iustry. This
accounts for the very general revolt
anon =; farmers against Tie Repubi-
can party for prec.pltating an era Of
low prices by debasing half of our
plnla:y money and against the
Den 'cLrSic parry Tor its subsequent
co-ope ration in the act. While the
ruinous consequences OF this sur
rem lie; of Anne .ican finances to the
repacity of usurers is nov being felt
b. ..44 lie producing Classes, ILo ell
feet on agriculture has been decimi-
mating Tor the past Id years
The condition of farmers, as the
result of vicious legislation by the
Republican party, constitutes a for
m1udble obstacle to the return of that
par y TO power. Hence talent has
BEEN employed by the Eastern money
ring - manipulate and falsify the
statistics of the last century, the pur-
J. -: u,lng 70 nlaAe it appear that
farmers are as a rule prosperous and
owe ntLle or nothing. W. have the
result in cooked up statement
which is going the rounds of the press
and is really ii Republican campaign
document and villaineusly destitute
OF truth. The statement will pass at
its true value i'll the mortgaged homes
OF our farming population. There are
two pertinent facts we'll worth no ing
in this connection, which can be yer
flied by reference to the Porter
census. The first is that about one
half of the farm homes of the United
States had become tenant holdings
upon the European plan Mt the close
OF 1889. whereas only moiety of such
Ones were i'll the possession of ten
ants in 1870. This significant and de-
plorable CHI lnge, with the ruin involv-
ed, was manly the result of enforced
Indebtedness and inability to pay be-
cause the means Of payment was cur
tailed by financial legislation that was
inspired in Europe.
The other pertinent fact is that the
decade covered by the last census
shows an increase in the private in
debtedness Of our country of an as
tonishlng amount that in itself dem
on5traGes the hollownese Of the So
called prosperity of that period. The
Census of1SSO gave the private in
debtedness of the United States as
Sc, jUO 100000. The Porter census re-
ports a private indebtedness of 49,.
5OOUOO,UOO, an increase in ten
years of Sl3,O0O,000,UUO! How is that
for the outcome of Republican legisla-
ton, by which, as Don Cameron put
it to the Republican leagues, Amer
lean finances were surrendered to the
dIctation of conspiracy of foreign
and American money lenders? Bear
in mind that the enormous burden of
debt stated does not include any
state, county, township or municipal
indebtedness.
NV IUr 1t word about the financial
Coalition of agriculture in the West
at The close of 1889, taking for ex-
ample five representative Western
st Ites' The figures are from Porter's
ceasus. ILLINOIS had 597,247 mort
ga :es amounting to 1854, 800, $50:
Iowa, 252,5.9 mortgages aggregating
$l99,H4,171; Missouri, mortgages
192,023, amount s2l4,6O9,772; Kan.
sas mortgages, 29S,88O, amount s243.
I41,826; Nebraska, 155,337 mortgages
amounting to S132,9O2322. Total
mortgage debt Of these five states, g..
147,732241.
The people must not be deceived