Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1894-05-19

could put their money. IN conducting
large business OF this chnractcrt IL
Impossible to avoid some complications
and delays In the collection OF marr-
Ing loans; for Instance, we always have
a few claims pending IN the probate
courts which are going through 10
regular routine Of administration.
AM glad to state however that these
estates are generally closed up within
year. and 30 far without loss to the
bank. Occasionally we are compelled
to take over property through foreelos-
ure brought about by the default In the
payment OF interest or principal. Under
the provisions OF our deed OF trust. fail
ure to pay interest as IT accrues on the
mortgage or taxes on the property con
stltutes a default which gives the hold
er of the mortgage the option Of de-
claring the entire debt maturcd. our
experience Is that with the ample mar
gins we have to work on, many OF these
properties have actually yielded pront
after writing on principal. intereHt and
all accrulng costs.
Justice seasoned win Mercy.
would not wish 10 convey the i'm
prfsslon. however, that We make
practice OF force losing at he first de-
fault OF payment In Interest. IL has
been the policy OF the bank 60 season
Justice with mercy, and where there Is
an honest effort being made by the
borrower to meet his obligations, and
where the margins remain ample or I'd
ditonal security Is furnished, 10 be as
lenlent as Is consistent with good bust
ness methods. We find this policy pays
uH In many ways IL has been often
asked why tho Texas farmer bnrrows
money and thus 1copardiseH his home
The purchaser OF land not infrcquently
makes a partial payment when he
buys the land and mortgages the prop
erty 10 pay tnc balance. or paying In
full for the land borrowa money on It
to enable him TO make She necessary
improvements, depending on the future
profits OF ills farm to pay the interest
and principal The thrifty farmer In
Texas with a few hundred dollars can
purchase "A freehold OF rich black pral-
rie cotton land at say 81 per acre.
paying 20 from his own pocket and bor-
rowing r. per acre, from n mortgage
company. 50 that hts annual interest
charge nj so high rate as 10 per cent
only amounts to four shilllngs per
acre. In England | should not expect
that even IN these depressed times
such lands could be purchased ut less
than 1870 per acre, which nt 3 per cent
70 the owner WNulu neugHhlthle year
~ tehlhl on me part or me tenant OF
we've nhhllll'sH WI netS eBNinst the
loui snHlhsH per auIr pau oy tho rex
us farmer on 10 per cent loan upon
his own freehold To put the case OF
the English farmer on "all fours" with
the Texas farmer and auppoaug that
snS huhlsl, lhiiner eoulu puy ms iiSu-
hulu ANU pulluN ~ ptt cent Ok th'
p uivl"Hs I,iuu'y' h"g ~ p'r cent ne
Wpuld sun pny w va per acre ~ n
~ ~, ~ "snil,s. ~ wv acIe palu py
w lvN"s tNrlncH hmr u IN thht tho
n,neleBs tulnlers OF leNHA can pay
nlEll .u'uH uilun tnvll uluI,NaB'' thkluG
NvV"unl OF VIZ cuh' hnu NuluN or theF
iSi,.lll,i,, S7' NM ~, vu'l Htuhu ~ uel-
~ W,N'tlV,' 'H"H rue uN''Hg' l"I'heEh
VI His ini9 ,,...,..... a.. 49,.
,,,,,iI ,..,,tt. ,,,,,,,,, t',.ta, ,,.,,...
,t',,S',. ~, ',, n''s,, $1,000
- To- ia go, ~, pu'n
" a, ,.l. . w ~ 49,.
80 w. - 1910 ~ - 'ess
Sy,s .r ~ H. 49,. ,n EN-. d,
~. 500 49, ,,roio,,, au,S ~ t,,e
wv Wy p'SSye'u ~ % Wy sSro ~ wv
s'ui'.. "ul ,uai -, ~; 'ot s'eu, Iel'u,
,5e ,,, ''t, Wy
,.,, m"a piiu "" ~ tu'I "t XII,
100 ,"1l ~ ~ wv Ntuvw MY NuH
a,s, " Wv -, ''S ny, " =,
~. -. - - -. ~ -. -
". noin MAH uvuu w VIZ tnHny W.
uVpIiNVu .NeiileyiNes ui AZ put Wy phlt
.,''',', 'u VT ~ NY wv VIC ,Vsult W."
w VI Wy ~ ussi', NV .ile noI9vo' 80.
INV v's". MI ,n,ine,l',toci e', ~, ~
WIZ ny MURPHY uAAllplua. o'htls
uilIYv. ahuu " thvil paAt success UNI
naii.'Hs uIolu INlu iVl 'norheelHyH ol
nun ohliuteu, hlvltkhbe thv ola larl
ior ii,UDsy WIN Wi''oil 20 nssls' Sliell' W
ia a new aud rapidly devcioping coun
try. Whore lRnl values are increaelns
tN'i"ula NNu Nuulu 70 puit9W money
snu NY wlhlnB 70 pAS hlbn lAtv pI
rnvf ~ lom our VApel ieile,
n"p Nlnt WY ulbN p.lt ut uui
oaplV'l " usvu 40 3ay part OF we pur.
S'uso p,lev VI tny lana OF iol pullulhB
49, unl U.nhlhb 1N,or he,SH'
~ Hhni uNuWehls; tluh uhllanelub tnt
n' 'iey " w. 'vsull'S 5ust uluV lnuSh
u.ni",S n'"iS nan 20 per Cont OF uul
.enln p"ln ~ humpoI anu ukk.uhA,'
Wlhuuht hre heIr 70 farmers VINO ~
n,tu pMn Wulh Ihht they are not
iu'lleu. unhMupt or poNeItE,hul,heh
20 anvWh ~ the laot that they nave
no, lpal tnvlr holhes or apNhu9ned them
W we luuI 'knEe holuet' puI hooRs WIZ
SNOW that never IN the history OF our
pusln'er nave FARMERS pslu th0 ihtofHst
On Hnrtt nlurW TRACES Iha me Whole or
pats o. the plineipal maturing more
n.o"puy nun thcy nave cone curing
wy pSht TWO years, me crops nav.
vueh spVu ule thlhiali hpuhuhnt, an ,
wv seasons luNprhul9 IN meat pnlih o'
IL IA