Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1897-08-03

IseAAl5n5s@ JilCe#IOF Ll0 same no ia
' the failures in other parts Of the
world to pay of the mortgages mo,
and and get out Of debt. It is said
that 7.ES' tin; il Nebraska thirty millions
Iss y. q d'olllars have been thrown. back
On the hands Of the money lend.
ers in the past few months. saws
the 4 Representative, and they can
lind no place to re.invest it. The
same story comes to us from
Kansas. =. F.. =. "
This is glorious news, if true.
We hope Minnesota faamers will
adopt the same policy. :.
Get out of debt. It is serf-
dom. Only a little while ago
the money lenders were holding
meetings in the East, and pass
ing resolutions not to lend any
more money in states inflicted
with popQlism. And the repub-
llcan papers were INDUCING in
lugubrious articles upon the hor-
rible condition of the people who
could borrow no more money.
Now the boot is on the other leg,
as the usurers are begging the
farmers, for Gods sake, to take
their money and to bind them
selves for a term of years; or,
if they do not, they will have to
work themselves! Horrible DOS.
sibility!
Populism has done a great deal
to educate the Western farmers
to a true appreciation of the stu
alton. The Chicago Times-Her.
aid of July II says:
All loan men agree that the interior
OF the state is better off in this respect
than Omaha, and that the ratio OF
mortgages paid in the interior of the
state to those paid in Omaha is about
to l. On this basis the estimate OF
$50, O0O,O of decreased indebtedness
is made.
The majority account for this evi.
dence of thrift on the theory that the
hard times during the last two years
have caused the people of the state to
DO business on a cash basis. OF
course the enormous crops of these
two seasons have made it possible to
carry these ideas into practice. W.
B. Meikle, one of the most conserva.
tive Investment brokers in Omaha
and a man who probably commands
as many wealthy Eastern clients as
any man in the West, gives differ
ent explanation, however, for the i'm
proved financial condition of the state
Three months ago his many Eastern
clients were not inclined to place any
money in Nebraska. He had just re-
| turned from Philadelphia, and while
in consultation with one of his clients
who commands at least 500, ZOO, OO(
for loan purposes, he was told tina
the recent scientific demonstration tina
corn stalks may be used for an innu
merable variety of manufacturing, pur
poses had increased the value of lan6
in the West on which he had loaned
money at from Sc to $40 per acre, ani
he told Mr.. Meikle to go back tt
Nebraska and send in all the applica
tions for farm loans he could get
| When asked as to the limit, he sale
| he would make it at least million 6
year. ~...
These fool bankers will finally
realize that the men who own the
fertile land, and have the indus:
try to raise upon it all things nee
essary for mans uae, are, under
proper governmental conditions,
the makers OF the globe. And as
soon as they are able to stop Dor.
rowing the parasites will perish
or have to go to work. And the
chaps who were the other day
looking over their noses at the
farmers will be- on their knees
before them begging them to let
them tie themselves in some way
to the muscles Of industry. IL
Get out Of debt, friend, then
gozto work to scrape off you the
leeches of watered stocks and
trusts and. rings which are now
sucking the substance out Of
you. 81. SIS
Geo. u. Payne, president Of
the Fidelity Trust Company, Of