Fort Worth gazette. [volume] (Fort Worth, Tex.) 1891-1898, 1895-03-03

rnIx About the Proposed Heai t-stnte
Redemption Law.

Redemption Law.
Dallas. Tex. March al. W Bart
lett, manager OF the New England
Loan and Trust Company. was asked
by representative OF the GRRette to-
day for his opinion OF the bill now be-
fore the Legislature entitled AN act
for the redemption OF real estate sold
at forced sale and providing that
hereafter when any real estate shall
be sold under u mortgage, deed OF
trust or execution issued by any court in
the state, the debtor, his heirs, AS
signs or legal representatives shall have
the right within one year and at any
time within said one year from the
date OF such sale. 10 redeem the prop
crty so sold, by paying to the pur-
chaser OF said real property The
amount OF purchase money paid by him
or credit given him on his debt, FOR
such property at the time OF sale, to-
gether with all costs Incurred prior TO
or attendant on such sale, together
with 10 per cent per annum interest
from the day OF sale untl redemption
upon the principal debt and costs OF
proceedings, together with a penalty
OF 10 per cent OF the fun amount oc
the purchase money or bid Tor which
the property was sold. with the costs
and accrued Interest thereon"
q, ne htli shn,,tI hscn,,, ~ i,vg thn W
r,.t ,,n,,ii Nv, w. ,,,t'' a., i,',,,, c,,,,
n,,t.e ,1,,,, c,,it,nns ,,,a Ia NIL, .
smaller per cent OF lohus. and at the
same time to be more prompt than
heretofore aud now IN making fore
trot M. ,,sicbt nT al st,,, ia,,,,, ,,,,t
snrn,iy r,Its nn tho h,,.r,,,,,. 10 fh.
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| ~. ~ aN'u AZ W W.
upu pleu'y y hl"at p1tneious measure
~ ~ 0' ue'i 'i'',l',a' w
Ky XIV, 'S't al'H uSNsippulgU' l
'"e Ht'lv' NiN ~ ~ 'Nlutht thNt thg
] "a a
w" Wv "a'u'u VI 'O-u"''uu "l7 anu
"' ,s, ia, Wy w.. 9,''v
! a. t"V'N 'vu''i1 W w b'U''W luo"
'l'' '". og'v 1911 W Hlol 'b"he u"ill
] l""l'' %iu PilN"'v uN'sluls 10 20
wv. ", '','uh' ~, 49,, ~ WV "uu
.'W,v w 0o' ni' - 'I'l''
~ t"i'uuu,' "''"' 'i'uv,u' ). ~ ohIy US
u 'H'' YOU y, 90 ,a'c lnpll,ee'NSA' mat
we '','' 49, ~ blVl''l' ~ si',u 10
tN't'S 'u'' ihe Wvp-
rlly lNNi' mas So''sluvlhpE &c
IIoelaiuu, nmu w mon instances me
Improvements M We u'.n Ah'Wcd 10 80
p" waste anu ~ I. s'lueln companies
aIe aule 70 I,lI@e ulc'r uent' AZ they
VAN " nl.nplg ~, PI"llp, peyIne,nn' ol
lhtlr Ih'tIve' "u companies WIN ne
l"uHu l'aNg w. ''''N "v''v"cl. AZ 4"
eNl'h''on OF 'ne'r ptlnu,p"| borrow
ems ll many t'eoH Ivy ny every con
eeiFapl" way Z" NNe aHNaut"gc " me
companies ana nave NOT tue NlBhlcst
stiuple. lhI9ush t,eUiiohl hulnts'holne
bttad Pues, IONS, ple', l" Iop the com
p'HlsS VI VIC ll"~y my H|se nVl
rowed and spent nnh men feel ag-
grleVeu mat they are not unle 10 hplo
the tceu tty'
'furlhefnort' I"AAH mas het nome
stead law ana security nHefeu must
be outside property ana 10 pass tne
bill now before Tue leslslbt ure Noulu
10 Hlole 70 hltNH"NS '"N 't'HuN W VIZ
trust ana uneasineas rs 10 me ihieE-
rlty of the Texas people IN paying
their Just debts thhn any olher meas
ure Unfortunately Tor some years
past It has been TINS CLASS or pernicious
and Vicious legislation which has done
more TO retard the development OF inc
state aud the prosperity or me people
than anything else as such pills tend
to show an inclination on the part Of
the people to md loopholes IN order
10 escape paying their creditors.
Texas, with Us millions OF acres OF
unimproved lands ana forests or tim,
bsr to say nothing OF ats mineral
wealth, all OF which at the present
time are awaiting development, can
not AFFORD to close IT'S doors to outside
capital, but u y expects TO come g
the front and be what II ought 10
be. the leading state In the Union, j
must invite capital and encourage II
J by protecting i when here The com.
piler Of this bill endenvors 70 manifest
nus sorrow on lne nI,I.i'el Npnnltlon o.
VIII do more to tighten the money