The great West. [volume] (St. Paul, Minn.) 1889-18??, 1894-01-05

The North.

MIEG ~ m6c2I
The North.
There is q broad faced paper in this state called
"The North" It is Scandinavian journal, and ought
in justice, to stand by the farmers As TACT it s g
conservative standby of the One Old PARTIES In re-
cent issue it says
Not until the census Of farms, homes and mortga-
ges was taken in 1890 it possible to get at the
truth on this subject These returns now sutcent
ly compiled to warrant the following starting state
ments Three quarters OF all the farms in the United
States owned free Of encumbrance Only one.fourth
of the total number of farms in the United States are
mOrtgaged
For unapproachable gall that takes the "Cheekl"
Either the editor OF the North is demented else he
;s.paid to appear demented Which is it?
1st.-Mr. North, talk to this: Thirty-two per cent
(onethrd actually of the farm families live on rented
FARMS On of these were the mortgage facts TAKEN
That editor ought to know OF the desperate fight
made get better and truer report. And that an
attempt was made to amend matters by correspon
dence Thrtythree per cent of all homes occupied
by tenants 1t that of these not mort
gaged-but if not they tenanted generally because
of foreclosure There is but way for the North
TO get at the facts and here it is: There II
families in the United States. OF these 81 per cent own
20 per cent of the property and 9per cent per
cent of the property.
The Census report gives no report OF foreclosures
baut Minn eastward road where there is scarce
Ry mortgaged farm for five miles stretch!
Why? Because every farm for five miles has been fore
closed within six years.
We will take him northeast out of Rochester and
show him three miles OF farms comparatively free from
mortgages. Why? Because all but have been fore
Chased Cor sold on redemption deed).
We will take him across the farest Eden on earth,
when springtides glow kisses the ardent face of Sum
mer-twenty miles, from Ipswich to Aberdeen and
show him 81 homes and FARMS of which SO desert
ed and the ploughed land gone back to cheeress wilder
ness-by the mortgage cancer.
We will show him the LIST Congl Dist. of Minnesota
under DIVERSIFIED FARMING, the Garden OF the
West-with rolling hillside and trillDg brook-sweet for
est zephyrs tanning the bosom OF Nature which beats
and throbs with the rich of wealth and beau
ty And in ten years this southeastern lost
thousand o. her population Aye, and the births
twice the deahs-and the cities and villages increased
25 Der cent? Then whence the actual loss of 900 of
population? 60 and look into the tenantless farm
houses and the forecosed homes Go ask the boarded
up dwellings of Lansngl
Again, take the east. In Connecticut tariff pro-
tected state On the owned farms OF that state the
loans are $S567, 7S6. This is Al per cent Of their
valued And vet this apostle of the North has the
nacuate shirt front tell this western people that the
mortgages cover only
ONE-TENTH OF THE TOTAL VALUE
Let us quote from this Arabian-(the Arabs Gin
vented fguresO:
hundred American farms than seventy are fully
paid for and less than thirty are mortgaged. The
average mortgage represents only about one third the
value of the farm upon which is secured. The total
amount of farm mortgages in the whole country is
scarcely tenth the total value OF all our farms. In
1880 nearly oneffth of the mortgAged Indebtedness
rested on farms but in 1890 farm mortgages rep
ed only seventh OF the countrys Indebtedness on
real estate"
Now look at this philosopher: Seventy per cent
FULLY paid for Do you know, Mr. Saltpeter Peter was
the man who ed and salt is preserver) that the 70
per cent all the land out doors in these states except
the morgaged? Bless your little nsectoral soul, the
raiways-two Years ago-owned 1000, 900 acres OF
taxed land in this and the farmers owned only
$500 600 acres OF taxed land (cultivated, and that
1000 900 acres counts unmortgageal Remember
that only the mortgages were taken where the owner
lived upon the farm. s*@s-sasa~
Now as to the proportion: In 1880 Oneffth OF the
ortgages rested upon farms. In 1890 only onesev:
ath This is peculiar. Well show it up in new light.
wenty-seven years ago the "bondprocess of building
as unknown. In 1880 it had made some progress. In
800 not building OF character in the country was
uit with money Even the medical colleges-the union
pots-the hotels-al these beautiful office buildings
e newspaper honeycombs of financial fraud-aH-al-
lit by farmer and given to the bloodsuckers in
rpetuty by the broadgauge bandit style OF bonding
I'd stock companies. Take the History Pioneer Press
very brick represents debt for farmers to pay-and
sStock Company takes the ducats. Not dollar is
t in the modern company structure The real estate
with the building and insurance the
money suckers take the bonds for the loan. THAT'S
what buded our magnificent Civilizations rotten
ness inconceivable kitten day DID, like
age conservative catspaw editor who takes the bone
from his (her) own kittens feed the bulldogs with.
And hence, with
XrEEN RECOMMENDATIONS
of dollars of mortgage-bond debts city realty