The Ely miner., 1933-05-26

been passed intact; in this respect he
spared no effort in assuming leadership
before the Legislature. The Governors
TRADES against reactionary members OF
the Senate were widely quoted by the
press. However, the new law, in a
measure, offers some relief, which will
analyze briefly.
Analysis of the Law
In sum and substance the law might
be said to have three effects:
l. To stop mortgage foreclosures by
advertisement, thereby placing them
under the protection of the courts.
2. The mortgagor can secure an ex-
tension of time for redemption to q
date not later than May lst, 1885.
8. Suits cannot be brought for de-
ficiency judgments during the period
all oewdSfo. -. .eem
The second phase, which is the most
important applies not only to mort
cages foreclosed after the passage OF
this act, but also to all foreclosures
prior to the enactment of the new law
in which the year of redemption has
not yet expired. In other words, should
mortgage have been foreclosed eleven
months ago, the mortgagor will still
have thirty days in which to extend the
period of redemption, as written in the
new law.
In this connection it offers some hope
to those whose farms have been fore
closed within the last year-a hope
that long before May 1st, 1885, the
prices of farm commodities will have
been restored on parity with in
dustry, that our people of the farms
will have an income with which to en-
joy the right of liberty, justice, and the
pursuit of happiness preogatives that
are justly theirs.
Test Governors Order Before
Supreme Court
The constitutionality of Governor
OlSon'S executive order relating tC
mortgage foreclosures was brought be-
fore the Minnesota Supreme Court last
week. Attorney General Peterson and
Assistant Attorney General. William S
Erwin argued the case for the state.
"If the courts pronounce the Gov
ernor's official acts and proclamations
Illegal" Mr.. Erwin said to the court
then the judiciary, not the Governor
would be the chief executive of the
state"
mot constitutional guarantees nor
constitutional limitations but the safety
of the people is the supreme law of
the land"
While the Governors executive order
has expired, nevertheless the decision of
the Supreme Court in this case is i'm
portant, as it will form the basis of
emergency legislation in the future.
Need Liberal Interpretation of Laws
The Attorney Generals Office of the
present administration believes in a
liberal Interpretation of the laws. 1t is
| to be hoped that the courts of the
state, when pressed with problems of
the Minnesota farmer, will interpret the
new mortgage foreclosure law in a
liberal manner.
/ The future of the farmer is at stake
who as far back as the days of the OK
team crossed the Mississippi River and
dipped the pillow share of civilization
into an uncultivated soil that others
might be fed; the farmer, who through
no fault of his own, who not through
lack of industry or lack of toll finds
himself at the mercy of government. 1t
is to be hoped that those who distribute
justice in the Interpretation of the new
law relating to mortgage foreclosures
will bear these in mind. In this grave
emergency the farmer cannot Lift
himself by his bootstraps."