The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1896-10-18
EFFECT ON MORTGAGES,


81, % ar a. we know. but nearly a. con-
pal4sS a.sVe saas DOWN Snd ara waiting |1e
outcome q ne NoVenarr elec tton-
ANt7E.PE. * HAETiNSF-N-
D2AIas. Texas. Aas. -. lS>S. FTe1s2 bly,
fares-taaTthS Of 5ns mortgages Of tbs Sec
ton are payac.s - gold The change %
GOD vas made from The passage o. he
S2-eS..ec Sherman lsl-ysr coiaasel act n
THE SECURITY AND MORTGAGE
TRUST COMPANY
s. Pau, MINI. Aug :, isS.-Nsarly al
o. our farm mortgages are payable n so.a.
II. c. GILBERT
Nashville Tenn. sept :. ISss.-l-lers IS
no doubt ou< ina; % par cent u The mort
cages and other obligations % the farmer
are past due and w.A fall due between the
date o. election and me naUcaEa1soD. or
before Nj. brya2, Z elected, could convene
congress as being lie TACT. - case %
MI Bry4ls election. 10 man could tel he
misery and zoe that would be snI!ic.ed
upon the farmers .. the country during
Chicago. H.. Aug. 24-Ssvegal years
ago We loaned very heavily n Kansas. n
fact, We Invested $s,g1aoso or s5,oe1.te0 IN
tAaL state. and for TIE past five years Ne
have practically given up making any new
investments there. and x has been caused
oy tRS-r having TOO much politics n Kan
sas and 100 mach Papalism. They have
gradually driven Their best citizens ami
M W HARRIS"
st Paul. MINI. AUG. IS-.Darins the
OF the ioans that We ave made are pay
able in gold. oar investment to1as on
farm loans is ahou. sS.oo,ese;
$. Il. SH0TW ELL
81 Paul. MINI. Aug. ao.-In my judy
mens fully - per cent. OF the farm mort
cages made IN ta.s section are made pay
able N gol1. ana | nave taken the trouble
10 inquire OF several Of my friends n this
clty, wIlh the result thai my Judgment
has oeen confirmed in each instance. In
some cases ] found that there mas been
this change since the silver agitation
started, thar wherein, IN the past, the gold
clause Vas customary, bar IN connection
with really ch9-ce securities was not al
ways insisted upon. now il would be d.f-
hcult 70 make loan except upon gold
basis. In other particulars. The silver ae!-
tation has affected business very na3eri-
ally and there is very little money offer
ing now for farm mortgages. and VII not
be until u IS certain that the silver party
JOHN W. ROBINSON"
The assertion has been made o. the si,-
Yer advocates that If even their proposed
system should drive gold % a premium
they would ''!egiSlate the premium out -
gold or aanul by law the gold contracts
Already existing. II should oe reme,n-
bered, however. that this second PROPOSE
tlon would be in direct violation OF the
constitution, and that the proposition 20
'legislate the premium out of gold by
reducing the weight or hneness Of the
coins. or by any other process. would not
have any effect upon existing gold con-
tracts. These obligations call for pay
nent in gold coin of the United States OF
the present standard Of weight and hne-
ness" No 50-cent silver dollar. although
made a legal tender by law. and no gold
coin Of reduced weight or hneness could be
made 10 apply TO these contracts. Men
who have obligations payable In god may
rest assured that no matter how high pre-
MUM may go as the result OF silver ,egis-
lation, there Will be no escape from pay
ment in the coin which they agreed 10 pay.
Prices Under Free silver.
Another subject OF equal Importance 70
the farmer is the price which he would get
for his products If the free and unlimited
coinage OF silver shcu.d be adopted The
assertion is constantly made that 1t would
double his prices
/ have made an equally careful investl-
cation OF this subject by an elaborate in
quiry as 10 the prices which The farmers
CT that free silver country lying alongside
our own. Mexico. receive for the same
class OF articles produced by the farmers
OF the United States. Mexico is constant
~ pointed out by the free silver advocates
as the most prosperous free silver country
In the world. Il is an especially import
ant object lesson for the people Of this
country, because il lies just alongside our
own. separa ted only by a stream OF water.
and producing many Of the same articles
Of farm growth that are produced in the
United States.
II the free coinage of silver really does
give better prices for farm products. il is
easy TO find ii out by comparing the prices
which the farmers OF Mexico receive for
the class % products which our farmers
produce. This. OF course. Only relates 10
such articles as they raise IN sufficient
quantities 10 supply the home market. Ii
would not be fair TO compare the price %
wheat or -four IN Mexico with that Of The
United States. because not enough wheat
is grown there 10 meet local demand. and
prices are governed by the price in the
United States. plus the price OF transpor-
tation ana tariff rates that imported
from this country. But IN the case OF
those articles which are common to both
countries. ana OF which there is an album
dant supply in Mexico. it IL fair 10 com
pare prices
have therefore written 20 a number Of
United States consular officers and others
In Mexico and 70 the custom house officers
on the Rio Grande asking the prices Of
articles Of this class Their views are
valuable because In many cases they are
called upon 20 determine the price Of in
voices Of these articles intended for i'm
portation - the United States.
The following are summaries OF the
in Mexico and at the custom houses on the
Texas border. Ia which they Indicate the
value OF the class OF farm products com
mon 70 Mexico ana the United States I,
IS % DO borne constantly in mind that
these prices are IN Mexican money which
IS worth Just one-half OF our own money:
Hon. Louis NJ. Raford United States
consul AZ paso del N0rte Mexico ouotes
the foloxsng prices IN Mexican money:
one y*ar-oja steers. ST. 2-year-o4d sl6.
3-year-oji. so. cows. si4. horses sf2 20 SIS
mules. Ss 20 s.. sheep N-;9~all in Mex
Hon. John Mcguire. United states con-
sui. Tamp3co- Two-year-oi8 beef cattle
Sio. horses. - "a so, males 81 70 -:
anrros, 81 70 3; hides IS cents per pound
beans. 20 cents peT DouDi-au IN Mex
can money Ar Mcguire adds. Farm
hands N this district cannot get work
more th8n 7ne-thsrd Of ne time They ac-
cept IS 20 = cents per day. and G8d shem-
selves"
Hon : NJ simmons, United States vice
consul a. Piedras Neeras, Mexico Beef
cattle $40 n SO. horses, -. mules So.
sheep - - * WOO. per pound. - cents.
tobacco. - cents; beans. 3 cents-all IN
Mexican money
Hon. Charles Ssehrea. Tinted States con-
sl'ar axe01 at Xaca'ooss Mexico. Fat
steers years old. So 20 81. cons So 20
-. oxer 81 20 80. horses. 80 10 So.
mules, 81 . -: beans eeaff per pound.
NJ Frank p EsTnest. colse:eter e Gus
toms. Lareto. Texas. Appraised ystoe of
Rulrna imported 20 the United State:
Two-year-olf steers GF7. 3-ye sr-cgd.
Si1sl s-year-ol8 81 - cows. Witt beans.
rents per pound. horses, SO Der hsa8
dry hifes - GEMS per r9grf--a4 tn Nexs-
can maaev. Mg Esrues- closes = iettar
tv saving. TIE Nev.can farmer re~ef yea
less IAN o-5r farmer does fsr III h. ss5-s J,
J Ar-a < a. cav of NrEir1- ff3res4
81 t4a- ee~s, 81 Ga 81. Sheep, 3 . s. -.
farm bands. per Fnonta. S - 81. team
s.ars . cents - q per day. AaaoreTs. 3 20
~ -er mona il