The representative. [volume] (St. Paul, Minn.) 1893-1901, 1897-01-06
QUESTION AND ANSWER.

terrier from an esteemed correspon-
dent:
Hon. Ignatius Donnelly:
We want to ask you for an opinion
in a legal sense, aud, il you will be
kind enough to publish it in The
REPRESENTATIVE it will be Of vital
interest to many Of your subscribers.
The Pioneer Savings, & Loan Com
pany. formerly the National Building
Iuan and Protective Union, sent their
lawful agent out to this section OF
country TO sell stock and make loans;
and among many others we subscribed
for 26 shares Of stock and negotiated
q loan OF 1900, the contract was that
we were TO make Is monthly pay
ments Of $3S.77 each and at the expi-
ration Of the six years and hall we
were to have our note and mortgage
back. together with retale OF go per
share, making in my case $500. AS now
have fulfilled my part OF the contract
to the lette /, making the 18th payment
to-day. Dec. rs, 1885, now the question
is if stop paying, can the corporation
through thefr directors fOrecloSe on
my store building, which is up for Sc
curity; or, in other words, will they be
bound by the acts OF their agent and
can we compel the company to cancel
the mortgage and pay the 1929. We
are irving to get free from the clutch
es Of Plutocracy; we know them better
now than we did ten years ago; and
they remind us Of Ben MOOre'S Rec
tom, "thcy grow worse as they get bet
ter" Please excuse this bit OF slang.
but it is the only thing that will tit
them for there are not words in the
English language fit to express the in
human critters. Your friend,
Glendale, N. D. old Jones.
We do not fully understand the
transaction as set forth by our cor
respondent. 1t seems to Us that all
such arrangements are full of risk. A
great deal will depend upon how the
matter was managed as to the details.
II the company can claim any liabil-
ity, upon the part OF our correspon-
dent, for the 26 shares OF stock, they
may attempt to offset, it and claim
that payments on the mortgage have
been applied upon the subscription
for stock. Such companies sometimes
disavow the acts of their agents, and
produce serious complications. They
may have assigned, or they may as
sign the mortgage to some third par
ty, who will refuse to recognize the
other proceedings, without law suit.
The simpler and more straightfor-
ward the farmers can make their
transactions the better for them
They never should pay interest upon
note unless they see that the
amount is credited upon the back OF
the note.
We would advise our friend 10 en-
ploy first-class lawyer, and demand
a satisfaction of the mortgage, and
file notice of lis pendens, so that no.
tice will be given to all the world, and
no scamp can play innocent third
party" dodge upon him. Ills safe to
presuprosc that every man who goes
put from the cities, to force compli-
lated proposition upon the agricul-
turar class, has some dishonest motive
at the bottom Of the transaction; for
the cities live upon the country, and
consider the country legitimate sub
ject to be spoiled. We would suggest
Immediate action, and our friend
should never rest until that mortgage
is satisf fed of record.
In these times it is safe to conclude
that every man is COMPOUNDED ras-
cal. II it turns out that he is not en-
brace him, and write at once to the
proprietor Of the nearest dime muse
UNI and put him on exhibition. When
there is only one-fourth as much
money in community as is needed to
carry on the legitimate business OF
the community-look out! The devil
will crawl out Of every knot-hole and
from between the cracks in the floor
ing.
God made man to bear only five
pounds of temptation to the square
tnch-and Adam couldn't stand even
that! But when it comes to putting 500
lbs of temptation on the square inch
something has got to break. Don't
hate the poor fellow who breaks, be-
cause he is only human, but 20 for the
scoundrels who put the extra strain
on him.
THE JANCART 51H MEETING
The Penny Press claims that there
was no intention on the part of the
Lynch crowd to take possession Of the
Alliance meeting, in St. Paul on Jan.
9Th. The p P. says:
With regard to the call for the
state meeting Jan. 5, that is equally a
mlSappre he nsion, as no such call has
been issued. There was talk OF max
ing such call, and a draft Of one was
made and partially signed, we believe,
but 1t was not issued SO far as the
Penny Press is able to learn, for the
very reason which Senator Donnelly
has based his objections on, that the
object might be misconstrued and
that it might be inimical to the
meeting already called. In talking
the matter over the position was TAX,
en- that the men who will gather with
the Alllance,are as good silver men as
can be gathered, and they can safely
be trusted to go on with the organ liza.
tion and the work Of education.
This means that the Lynch gang
were "sct down upon" by the more
sensible frce-silver element; and the
hostile meeting was abandoned after
the call was signed and ready to is
sue.
The Peoples Party may be willing
to cooperate hereafter, in elections,
with the free-silver people who do not
belong to it; but il they attempt to