Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-06-14
Said to be Better Security Than
Government Bonds.
CONDITIONS IN WApELLO COUNTY
Local Conditions Show That Volume
of Business as shown by Records
Has Fallen ORsll7,5l5-Move-
ment of Real Estate.

cent bond at a premium, the establish
ed railway corporations, municipalities
and school districts float their secur-
tiles at from three to four per cent,
While farm mortgages are easily placed
at five and six per cent with privilege
OF yearly payments on the principal.
Add to this the fact that as never be-
fore is the assessor after the secur-
tiles of the holder for taxing purposes,
still further reducing the belittled in
come for his money, and it is not hard
to see that property held in the shape
of money is now held in one of it's
most improbable forms. Eight thous-
and dollars invested in a good improv-
ed western farm at $50 per acre, grant
ing all the risks, capricious markets,
unreasonable weather crop failures and
stock losses incident, will, taking 4
period of ten years, most surely pay a
higher rate of intesest than can be
obtained from any security to be had
on the market, with the probability
that 4 still further increased value for
the land will still further add to The
|desirability of the investment. Aside
from these considerations is the fact
of the absolute safety of such an IL.
vestment, neither food, fire, pestilance
nor national financial crisis being able
to endanger it.
One hundred and seventeen thousand
five hundred and fifteen dollars is the
amount that business has fallen Off in
the month of May as compared will
the month of April, according to the
records at the city recorders office.
In April deeds and mortgages rope
senting a loan or cash deals to the
value of $199.2O6 We're recorded, while
the total for May foots up but $S1 COL
a difference of $117,515.
One of the things that go to make
up this difference is the movement in
real estate, $S6,273 being the difference
in value of that transferred last month
as against the preceding month. s19,-
900 represents the difference in chattel
mort cages. This state ofgaffairs aug
urs we'll for that class of people who
have none too many dollars and is still
further evidenced by an increase in
releases of mortgages, there having
been $10,422 more paid on securities
during the month of May than in
April.
May Conditions
Following is the total amount o.
business transacted as shown by tn,
records of the month of May. These
figures are given to show the genera
trend of affairs and to enable an est
mate to be formed, rather than to ar
rive at definite conclusion as to the
business done in Ottumwa, which, OBJ
viously, could not be done, taking but
one branch of the business world Us i
criterion.
Value of real estate transferred. $40,s 1862
Amount of money loaned on real
estate 5000. 80. 80. III
Amount of money loaned on
chattelS .......... ......s..., 3,69.
Total ........ .$Sl go
During the same month $36,659 were
paid on mortgages; judgments aggre
eating $4.07S We're rendered and cor
porations with capital stock footing
up $135,O0o were authorized to do bus
mess.
Conditions Each Day of the Month.
Coming down to conditions each da,
of the month as shown by the records
at the court house, reports of whicl
l e n