Omaha daily bee., 1909-04-25

Nebraska farm land and negotiating first
mortgage loans, leads to the belief that the
next best investment to a good Nebraska
farm is a first mortgage on a Nebraska
farm. Most men have had to borrow money
at some time in their lives. Great fortunes
have been made by lucky borrowers who
mortgaged land for part of the purchase,
price. Borrowing is a necessary adjunct to
business. in fact 80 per cent of the worlds
business is done on credit, which is really
a form of borrowing money.
Farm Mortgages Gilt-Edge.
The best proof that Nebraska farm
mortgage investments are gilt edge, first
class, choice investments is that the big
life insurance companies in the east at
one time owned millions of dollars of Ne
braska mortgages. In making farm loans,
We consider richness of soil, number of
acres of tillable land, ability and character
of the borrower and distance from railroad
market, In fifteen years of experience in
negotiating first mortgage loans on Ne
braska farms, we have never had a fore
closure, and today do not have a cent past
due or delinquent interest.
The rate of interest on Nebraska mort
cages vary. The rate is 8, 5s and 6 per cent
III sOIlt lOcdlllltS anu IN the extreme west
ern and northwestern part of Nebraska the
rates are said TO be as high as 7 to 8 per
cent, 1t is true that the returns on mort
gage loans are less than on speculative Sc
c~urities, but the security is better. The
rate of interest on Nebraska farm mort
Cages depend on the productlveness Of the
locality in which the farm is located. being
Flower in locations where farm lands are
the most valuable.
Home Money Plentiful.
Fifteen years ago nearly every farm
mortgage was made TO some eastern life
insurance company. To-Day in south
eastern Nebraska local capital is nearly
sufficient to take care of all the
farm loans, and In many localities the
rates and terms are less and better than
the big life insurance companies offer tc
make, The average farm mortgage runs
five years and gives the borrower the
privilege Of paying 500 or multiple at any
annual interest paying time The greatest
demand within the last two years for Ne
braska farm mortgages come from Nc
braska farmers, who each year nave added
to surplus earnings and look upon frs
mortgages on Nebraska farms the mex
best security to owning the farm. Many
OF lhS ldIiltis are 80 prosperous lhdl inc.
find II impossible to secure choice invest
ments, and eastern banks are burdeneC
with a large amount of money on deposit
by farmers.
Speaking more particularly of Yorh
county, considered one Of the best and
most prosperous counties in Nebraska, here
a large percentage Of the farmers own the
farms on which they reside, and have bull
large, commodious, modern farm homes, IL
which they ave gas plants, air pressur'
water service, which carries water to al
parts of house, lawn and barn, and fur
naces for heating. In their large barns are
housed the very best breed Of horses and
cattle. large cribs and granaries which In
season are filled to OVERLOOKING. In thu
house is a telephone by which the farmer
can communicate with nearly every farme
in tho county. and at the gate is a mai
box, m which is placed each morning hi
mail and daily paper, making the hcm'
life for the farmer more Ideal and sur
ro-nd!-C HIN with comforts and convent
eaccs. all OF which he has honestly earne,
and is entitled 10 In his declining years
after bearing the hardships OF the earl!
pioneer. who transformed the plains o
Nebraska into a garden.
York, NeD. ALFRED b. CHRISTIAN.
9th. A.+to, Tor Nonr Mopav-Xau ga