The Birmingham age-herald., 1907-10-06
Observations and D@cfuuc Lamenta tions of NQSauS

The repeal act has not become law because the administration has preferred to run cheap outside money from the state and thus raise the rate of interest," retard development and endanSer the JOSS of homes and property of those who nave voted them into power, a trust now so ruthlessly recklessly and thoughtlessly abused. It Is reported that it was prom ised by the governor that the repeal act would be signed if passed; and that the material portions of the act that sought to relieve the trouble was not signed.
 We are no more friends to one class of capital than another; we believe in fair play and frank statement of practical, financial matters affecting a people and all property and real estate values all over the state and take the stand that no official has the right to foster policy calculating to bring ruin to thousands of his constituents and loyal support ers and make a national laughing stock of Alabama, by running rampant in the pressing of stupid policies which are ap- parent to every one wno gives the mat ter a moments 8 careful thought and sobe consideration, the evils of which will be forced upon thousands in the future in a very unpleasant and practical man ner: in the way of mortgage foreclos- ures and the inability of the farmers and people of this state to secure funds al reasonable rates that they have been able to hitherto obtain, before our modern Moses began his war song and took up the tomahaWk hammer and tongs and with the red-hot poker and every known device for discouraging capital from en- tering our state, and aid in making tight money market and who perhaps will tell some of the poor devils after they have lost their homes and property from foreclosures that 1t isn't every state that can enjoy the fruits of such q wonderful administrative policy; and perhaps may possibly add that 1t is a glorious thing, thus to suffer, in order to uphold and sustain stupid administra- tive enactments that would dscredit even the law dispensary department of any Justice of peace of Pine Hollow" or Pumpkin Bend"
 It is discouragng to reflect that be- cause the farmers who have all they can do ito make buckle and tongue meet" and have no time to write pro test at disturbing conditions, that our executive discredits the representative quality of our great commercial and in- dustrial bodies even when their respect full communications assume the form of petition. The people of Alabama are fair and just; no great people could be otherwise. and they will resent being misrepresented
 Real estate Is still holding it's own and is firm, with the exception of those prop critics with mortgages maturing, that are in some eases inclined to weaken in price in anticipation of liquidation.
 Building and other Improvements have been checked to a large extent, by the scarcity of funds at rates sufficiently reasonable to justify expensive construc- ton. Local money and local property owners have abundance of faith in real estate, but feel uncomfortable over the attitude of large loan corporations that are declining to entertain the old-time propositions and low rates under present conditions Most of these companies hay ing given notice of calling outstanding loans and are leaving the state.
 There Is good demand for residence lots and homes, and a fair inquiry for rental income investment property located in the line for enhancement where prices are reasonable notwithstanding the ad- verse conditions we are laboring under ] orSa, ,wdrpdeetaoi taoin etaoi etaoin taoi