The Atlanta constitution. [volume] (Atlanta, Ga.) 1885-19??, 1894-12-24

r,.rua fct,I-inr or commercial there YOU
ind the LARGEST amount of doh'. II vs. toun
that mortgages are responsive I" hiSh te'i
estate values. 10 business activity ana 10
tb. Growth Of towns and cities. IL a nap
of IN. United States were 10 be shaded VA
accordance with the amount of mortgage
dcbt the darker portions would be iouh"
- such great industrial states as 'enrSyl-
xaDia. Massachusetts ana New YORK IN
the east. the new mining ana man,
ufacttiriuc. rc-ippS OF Aahaina an"
-r,.r,.eze, would he the dark srots
:, ,,,c eou-b. Illinois and Ohio would
bo darker than Indiana IN tho Oh
,..st. ana Chicago would be black indeed.
.rsr reason for this IS that MORTGAGES en-
sIlc rsen who can make partial payments
Tor real cststc purchases To hFahch "uS
INTO ,ln.i..rtal <in..s that would otherwise ba
beyond ihcir reach. u Is likely 10 lc q
slow going community whore Tie lnhabi-
t.nrs r-aft 10 saw. their capital out oi their
s..u earnings. nut '.t n'i-hher borrow
from ncrhhor. and thc south ana W--l
borrow from the east, ami let Nouhi h'H
WHO ar,. too impatient ami cntcrprisins ~
NEGLECT orucrtunit..r That call Tor m".a
capita1 than thet have saved Increase th'lr
. manufacture. extend t-a,r trade, nay
farms and home Inr DE. uisclvcs. an' create
I market fu~ laher NEseh is Tie best ihas
the world has ever seen.
ItoIv tiic Money Mas =, pended.
Z 0t. 81 th. most Important oouc'us ms
that tLis Investigation has established Us
tne voluntary cha.1"t Z Of n"f,S"i'e m
/ .ltl,ss III 3.cs. out represent a loss oi
) t.,lfi, I.y debtors. which they are repiac-
/ fr. hv borrowing From thrce-iGurths 20
4 ,.s..s-ts.1the OF III. 1,bt has been incurred
+ s. fl. l,l-..na=a al real estate and TO pay
/ fsr Improvements. ami io these are
.rUp. business purposes aLd the Pntcha~"
~ rf.. more ,uluriu. kinds pi personal
=
/ ..,i estate, mortgage dent Of thc United
/ states Is accounted for. The farmers 90
J an. ,-.sf rno.traced their farms lp order
/ tl,.t they might buy thom, Greet beiiullSs'
! ..,, ,..,.,lr. stock and machines WIN
! which 10 pursue their occupations IN TINS
/ WAY there has been strehEtheh'l " ~
,,,,,s far farm lands and MORTGAGES have
b-.n instrumental in preventing the gro" -
az .rsst agricultural holdings 10y i'"'i'l -
/ I-rg.r our system Of mortgage secuiiue'
! .-r er.a alienation uo one nc.h "hS "'
/ I,p.iI.ss who is thrifty and indnS'l'uS'
.I,t,... st.tietl..; indicate that tie aiialr'
I ~ tb,. people of tbs country are "'i''
, .-.,i.i.. SaIu,. rapid and tran hdouS c"''E'>
. bs... shown that in ls" the m"t'El~'
4 n t,,e i-Hit,f states amounted 80 up
,--1 .r - eH,.usn.o oo a.: To one-twriith %
/ ~. ,,-...,ltt of the country. This cebt was
/ ,f,,,ll.l IN tn years, although p"puia'ioi
! i,,,..as...I but cuc-fourth, an" We"lth one
r.lr 5uring the same time. hd' " ia 40
mis- ssy billions been expended tor. VIVA
~. I'm "a. object OF the Indebtedness
M. following table tells IN. story j"
more stri1ing'y than any WORDS
i''o For For
,,,.i..,s Of Indebtedness Number Amount
,t,',I for i,g counties. .NiV' " CIV !
/ lsttrt.G.Se money. .-'' ~ a. IN !
ImprOvemeist.s-- ---. - -
! i1Ur..ls;,.s. money ami improve
rr,Its tco.1bin"d)-... ~
i-srrl machines. domestic
animals. and other per- az
:ssnaI property -.-- - -
/ purcnasa money, hnpl'Nt
rnents, business anu I r
! sDuaI property 0onhih"" -
with one another. 80
Purchase money. improve
/ ruauts business anu per
/ ea1s.I property combined
/ with objects DINER IMAM 90 n,
| family and farm expenses ID
/ Purchase money. improve
b ! rn.pts business ana per
. soraI rcperty combined
| with farm and family eN- ~.
pensesl- .---.-''.' ~
/ Farm and family expo nses. "
I / All other objects. =
/ Total for purchase money
and improvements mot