Belding banner. (Belding, Mich.) 1889-1918, 1898-11-03

closures. The Figures Recently Printed
bid Not Include Discharges of Mortgages
which Were Made by Foreclosures as
Alleged by the Fusion Press.
The Grand Rapids Democrat printed
communication from Mrs. =. l..
Strong, deputy register of deeds, pur-
porting to show that the reduction OF
mortgage Indebtedness in Ionia county
the past year, as shown by the figures
originally printed in the Sentinel, was
not because the farmers are getting
out of debt, but because Of foreclosures.
The Sentinel has since obtained the
following certificate from the chief
clerk OF the Michigan labor bureau,
which is self explanatory:
LANSING, Mich, Oct. 81, 1898
/ hereby certify that the attached
statement from the deduction of mort
gage statistics for the county of Ionia,
as taken from the books Of the register
OF deeds from that county is correct, as
per the verified returns of said statis-
ties by the special canvasser for that
county, Mr.. II. G.. Holt, of Grand Rap
ids
also certify that the said statistics
DOES NOT include any discharges Of
mortgages which were made by fore
closure, said foreclosures being on an
entirely different sheet. Also that the
said special canvasser, Mr.. Holt, was
Instructed to be very careful and ac-
curate In his work and not to include
any discharges made by foreclosures, or
OF indemnity mortgages, nor of corpor-
alton, telephone, railroad or mortgages
given by parties to secure the signing
OF indemnity bonds, etc.
Also that Mr.. Holt was assisted in
his work by the register of deeds and
his deputy, of said county. who stated
TO him Mr.. Holt that said statistics,
so given were accurate and correct
l.. S. RUSSELL,
Chief Clerk Michigan Labor Bureau.
ATTACHED MORTGAGE STATISTICS
Deduction from Farm Mortgage Statistics in
the county OF Ionia as taken from the office of
register OF deeds, for the period named below:
RECORDED
Number of farm mortgages recorded
between May |, 81 and May /, '9S. All
mortgages. ,......-........s 3l4s75 90
farm mortgages recorded in that
period 6-l0 per cent. t....... .........
Largest farm mortgage recorded in
InAt PERIOD. .... .... .... ........ 1880 90
Smallest farm mortgage recorded i'm
that period -, -. ...,...,... 80 90
Largest amount recorded in any one
month. -. ). ..''... go. -. 81 o95 90
Smallest amount recorded in any
one month -. .........'.....' $40 90
Average amount in each farm mort.
gage recorded in that period. ..... 746 1G
DISCHARGED.
Number OF farm mortgages discharg
ed In the same period ............ 494
Amount of consideration in said
mortgages discharged ............x 3bi. sos 90
Average. rate OF interest pstd all
farm mortgages discharged in that
period i-lO per cent. .............
Largest farm mortgage discharged in
that period. -. ...................... 4o5O 90
Smallest farm mortgage discharged
in that period ..................'... 10 90
Largest amount discharged in any
one month March 1898 ............ 53 $50 90
Smallest amount discharged in any
one month. July 1897 97............... IL 2q5 90
Average amount in each farm mort
gage in that period .........,...... 752 O2
RECAPITULATIOH.
Number less farm mortgages record
ed than discharged ................. 73
Amount less in the farm mortgages
recorded than in ones discharged & 4G 80 90
The average rate of interest on the
farm mortgages recorded was $40
per cent less than on the ones dis
charged ....... .........................