The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1928-01-23
COOLIDGE Gets
MORTGAGE and
DEED TO FARM
Duffy FuIfiIIS Promise of
Gift to President; Sends
Papers.

months ago decided a farm of 176
acres in Pulaski County to Presi-
dent Coolidge, let it be known today
he has sent the President, as trus-
tee, the recorded deed and advised
him that $19250 interest on q
$500 mortgage is due.
Duffey, who is directing coordina-
ton of the motor transport division
CT the State highway department
for the public service commission,
revealed in an article in the current
issue of 1.-THE Hoosier Farmer"
Farm Bureau Federation organ that
he has advised the President on the
course he may pursue in his great
agricultural undertaking.
Enclosed you have as trustee the
recorded deed vesting conditional
title to certain Indiana lands as of
Oct. II, 1927" Duffey wrote Coolidge.
This deed carries a perfect title,
together with all landlords rights of
possession and a grain crop ten
ancy."
Group Is Select"
1T is drawn, as you know, in
favor OF a carefully selected group
OF selected, economic farm states
men operating in Washington. The
loss sheet Of its last years owner
ship shows tax charges on a $500
tax valuation, together with an an
nual interest earning on a $500
mortgage, both deliquent.
1T may be necessary, in order to
evade the impending mortgage fore
closure and land tax sale Sched-
uled for the middle of next month,
to engage the great paying ability
of your beneiciarieS.
THE interest due bill calls for
$l92.50 payable. to the Hudson-Burr
Company, Bloomington, Ill, as
agents for the Aetna Life Insurance
Company of Hartford, Conn. The
interest rate on the farm mortgage,
which natures Jan. /, 1880, is SIS
per cent.
This land grant was prompted
by the hurtful activity of your
WardS-Reed, Mellon, Harrison,
F'ess, Jardine, Barnes, Hoover and
Garrett, whereby they in blind as
sumption, TO the general injury of
the country at large, took full re-
sponSibility with you for the defeat
Of the most emergent of all pro-
posed American measures-the be-
lated Farm Equality Bill-pasSed by
the last Congress.
by their uncomprehending &C
ton, they showed a marked need Of
some real land-owning contact and
operating experience. Many believe
an asserted interest in a farm
ownership the surest means by
which to quicken and cultivate your
estimates, and improve your agri-
cultural understandings.
Suggests Wall Street Aid
eff the delinquencies are not paid,
it would be well to advise your East
ern age-holders that there has
been no chance to apply the econo-
mic Wall Street genius of your able
wards on this farm, toward the crea-
ton Of either a carrying, replace
ment, or reserve fund. Perhaps, in
order to save your farm from the
Eastern sinking fund now holding
as mortgage, an agricultural mora
forum is needed and now for the
first time useful to your co-farm
partnership group.
you should ask your mortgage
holders, as thousands have done, to
be charitable for the reason that
the business Of growing wealth from
the ground is now, because of tariff
discrimination. at its greatest dis
advantage in the life of our nation.
1.-THE surplus evil which has, for
the fifth season, made your Indiana
farm property show loss of both
the items. Of taxes and interest, is
still playing havoc, not only with
the farms earnings, but with the
capital and principal investment
made by others in your Indiana
farm"