The Evening dispatch. [volume] (Provo, City, Utah) 1891-1895, 1895-10-15
ONE RESULT OF HIGH TARIFF.

One of the benefcent (?) results OF
high tariff; one of which our contem-
poraIy ought to feel proud; one of the
evidences of the wonderfully good
times during the late period of high
protection, is found in the tremendous
increase of mortgages between 1880
and 1889. During the period named
above, there were more than eighty
nine and half million mortgages
made in the United States, representing
the enormous amount of S12. .094 ,S77, ,79S.
The proportion WAS 1857 per cent. or
one sixth of the true value of all taxed
real estate.
The number of mortgages made an
nually increased from 64S, ,143 in 1880 to
1869 in 1889, or 9O.6S per cent. and
the yearly incurred Indebtedness in
creased from $71O,SSS, ,5O4 in 1880 to
$1,752, ,56S, ,274 in 1889, or 1853 per cent.
The mortgages made on acre tracts
during the decade numbered 4,747 ,078,
representing an incurred indebtedness
OF "a 1896, III, ,112. The number of these
mortgages made annually increased
from 370,9S4 in 1880 to 5z5, ,094 in 1889,
an increase of Il "a per cent, while the
incurred Indebtedness increased from
$542, $50, Az in 1880 to $685., ,729,7l9 in
1889, an increase of 70,9S per cent.
Mortgages on lots during the same
period numbered 4,77O,669, represent
ing an incurred Indebtedness or 81 1885,
l06,6Sl The number made annually
increased from 272, ,159 to 701, ,229, an in
crease of 1875 per cent, while the
amount of annual indebtedness in
creased from 1868 ,322, ,027 in 1880 to |
$l,166, 1885,, ,555, an increase of 2l6.S0 per
cent.
at the end of the decade the real
estate mortgage Indebtedness amounted
to S6,0l9 ,679, 1856, represented by 4,777,-
69S mortgages. OF these mortgages
those on acres numbered 2,S0S, ,O61, re-
presenting an indebtedness amounting
to S2,209, las, ,43l, while the mortgages
on lots numbered 2,474, ,637, represent /;
ing an Indebtedness amounting to sS.-
$40, ,531 ,554, There were then 27S, ,352,-
lO9 acres covered by existing mort |
cages.
The average value of each incumb
cred farm was SO. .444, and the average =
was $1,224 or 35.55 per d
,ent. of its value.
1t is a proposition that even child n
,ught to understand. that where the a
people are taxed from 25 cents to so v
ants on every dollars worth of pur- n
'hased articles they consume, and the o
equivalent of that amount going into n
he Golfers of protected manufacturers, =,
hat it is only question of time be.
ore those same protected manufac- 80
uTers would have the majority of the =,
Tealth of the United States aggre- =,
ated into their hands. And that is the a.
xact and indisputable thing that has
AIKEN place. Now those same protec-
on-fstted millionaires, are loaning me
l-gotten wealth to the farmers, and th,
n the homes of the people, thus con- the
inuing the aggregating process. A del
lild ought to understand that if the 6
,licy of high protection that has bri
lilt up those vast monopolies of tril
ealth continue, it will be only short ext
ne before the masses of the people aga
III be completely impoverished and can
ey and their children will be bound era
nd and foot-the slsyes of the abl,
'ney power. Every thinking man met