Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1898-10-13
VOL 49, SUPPLEMENT- TO NO 81
Phillipsburg Herald,
OCTOBER 10, 1893.

assignments OF real-estate mortgages,
and for herelease OF ruch mortgages
by the asslgnees thereof, and provid-
ing penalties for failure to comply
with the law. This law gives to the
debtor notice as to who his legal
creditor may be, and the assurance
that when he pays the interest or
principal to the legally recorded
creditor, the money 80 paid, to the
extent OF the amount paid, eXtin-
cuisines the debt. Many instances
could be pointed opt where the debt
or had paid his Indebtedness to the
supposed authorized agents only to
find out, when too late that he had
paid the money to unauthorized and
irresponsible parties, which has led
in many cases to the loss OF home
and money. This law while giving
ample protection to the debtor, in
no way interieres with the rights OF
the creditor but simply protects the
debt ridden mOrtgagOr against the
rascalty Of persons who claim to
act for the mortgage holder. 1T
might be u wonder to some why the
Republicans had never thought to
pass such benlfcient law for the debt
or class. and 1t Is true that nearly all
the Republican members in the House
OF 1897 did vote for the bill when be-
ing considered But upon the publ
cation OF the law in the official state
paper and after the act became effec-
tive. they saw what u good law they
had helped to pass in the interest OF
the poor man whose property was
mortgaged, many Of them Joined in
protest against the law and said 1t
was not the kind Of u law they In
tended to help pass. See House
Journal Legislature 1897 page 1881.
How will the mGrtgaged farmer
vote in November, for the party that
tries to protect him or for the party
that protests against protecting
him?
After considering the foregoing
law, turn to page 34S and you will
find one that is to prevent dishonesty
OF persons who mortgage property
and provides penalty for the destruc-
ton or injury of such property. This
is u law to protect the security OF n
creditor from the wrong acts OF a
debtor. At the same time the debt
or is protected by the following Pro-
viso, THAT in any case where usuTy
il charged or collected, this act shall
be imperative and void"
Who ever heard of Republican
legislature inserting such u prOviso
in one OF their laws? Their laws al
ways protect the money lender from
loss but never the poor debtor from
robbery by usury. In this law both
creditor and debtor are protected in
their rights.
In the legislature OF 1899, which
was nearly unanimously Republican,
when bill in relation to Chattle-
Mortgages was being considered
Buffalo" Jones, representative from
Finney County, attempted to amend
the bill to prevent the collection OF
the debt secured by the mortgage
where more than twenty four per
cent annum was charged. Only
about u Corporals Guard voted for
this Just and righteous amendment
and the great friends(?) OF the poor
debtors OF Kansas, of the man who
had probably given chattle mort.
gage on every horse, cow, pig and
chicken on his place to secure a little
money to tide him over some hard
luck, voted down the amendment
with q whoop that drowned Jones
under an exultant cheer OF noes.
This was one of the proceedings OF
last legally assembled Republican
legislature OF Kansas, the Legislature
OF 1889 of which Hon. Webb Wilder
then Insurance Commissioner, said
In his report for that year, "Wher
the legislature adjourned last March
every body in the state-house felt az
II they had been through q cyclone
There was profound thankiulnesI
| when the wind-bags left"
TAXATION.
Property holders in many instan
ces evade or attempt to evade thu
,, payment OF their Just share of thu
! taxes. Three important laws were
: passed along this line and had fol
, their purpose the taxing OF property
d, and credits that had heretofore es
: capped taxation, thus lessening thu
taxes of those who have been paying
, Chapter 243, page 453, provides foI
the taxation personal Judgments.
, Notwithstanding the fact that TIT
:. agents making loans always certified
that the land was worth three times
= the loan and in most instances was
worth that amount at the time tn,
loan was made, yetunder Republican
mis-rule and legislation in the inter
est of the bond-holder and agains
the plow-holder and pick-holder val
, ues shrunk to such an extent tina
I, when payday or the foreclosure
= came, the property would not pa.
g the debt, leaving a deficiency iudg
: ment hanging over the poor mai
, after his property, perhaps his home
. had been taken from him, with tn
fact staring him in the face that II h
ever got dollar ahead, the credito
Y could take it away from him. Thi
u species of credits had never been tax
: ed becaused the mortgage companie
; were among the pets OF the Republ
a can party, and it remained for tn
Il Peoples Party to pass a law taxin
r these judgments. II they are worth
s less then let the creditor release Their
: and let the poor debtor go hence
@ free man. II they are of value the
!, the holder should have in the pas
q been compelled to pay taxes on ther
II and in the future will have to pa
+ their just proportion Of the taxes.
Tho nnxt phanter 244 mage 456 rs