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About The Alliance-independent. (Lincoln, Nebraska) 1892-1894 | View Entire Issue (Aug. 4, 1892)
been an increase in chattel mort
The significance of this fact is more
fully elaborated further on.
TOWN AND CITY MORTGAGES.
The amount of mortgages on town
and city lots is over twelve millions.
Thus it may be seen that the mortga
ges of this class are increasing more
rapidly in proportion to population
than the farm mortgages. The great
er part of these mortgages is on the
property of the eities of Omaha, Lin
coln, Beatrice, Hastings, Kearney,
Grand Island and Fremont.
The citizens of the towns are more
deeply involved and therefore ought to
bo more deeply interested in securing
legislation by which the people can
save their homes.
THE WORST FEATURE.
Senator Paddock is authority for the
statement that "a mortgage is a sign of
prosperity." He no doubt referred to
real estate mortgages. No one has yet
appeared with gall enough lo declare
that chattel mortgages are 6igns of
As a rule people do not mortgage
their chattels to get money with a view
to profitable investments. In most
cases they do it because they must have
money to meet obligations. Men who
pledge their chattels do it because
1st. Their financ'al standing is such
that they cannot get money on personal
2nd. Because they have no freo real
estate to mortgage. In three cases out
of four the chattel mortgages given in
Nebraska indicate that the borrowers
are suffering from positive adversity.
This is proven by the rates of interest:
The rates on real estate loans
through out the state range
- from six to ten per cent, per annum.
The rates on chattel loans range
from one to five per cent a month, a
low average being one and one-half.
When we consider that the interest is
always taken in advance from the face
of the note, and is thereafter compoun
ded quarterly, this rate wiil be equiva
lent to at least 24 per cent per annum.
Will any man assert that chattel
mortgage debts under such conditions
indicate prosperity, or that they are
made to get money for profitable in
vestment? Turn now to the record and what do
you find? You find that the number
and amount of chattel mortgages filed
is simply appalling. 115,373 chattel
mortgages were filed amounting to
nearly twenty-three million dollars.
The number exceeds half the number
of families in the state; and the amount
is greater than twice the average value
of the wheat crop in Nebraska.
The increase in this class of debts
during the year is over eight million
dollars. And it should be borne in
mind that a large share of those set
down a3 "satisfied'' were not paid, but
larrm in a maiorilv of cases the
decreases are invariably small.'
In 73 counties out of 90 the increase in
chattel mortgages exceeds the increase in
In 50 counties the increase in chattel
mortgages has been more than double that
of the farm mortgages.
lie who run3 can read the significant
lesson taught by these figures.
A GRATIFYING(?) showing ! !
Commenting on the mortgage record
the Omaha Bee says:
"It is a noticeable fact that the farm
mortgages have been paid off much
more rapidly in proportion to wealth
and population in western parts of the
state. Many counties that were relieved
by a state appropriation two years ago
mako a gratifying showing."
"Gratifying," indeed ! The man who
says that a very small increase in farm
mortgages accompanied by a heavy
increase in chattel mortgages is "grat
ifying" is either a knave or a fool.
What does such a state cf things indi
cate? It indicates that the people have
exhausted their land security. It indi
cates that in many cases they have bor
rowed money om their chattels to pay
interest on their real estate mort-
When we put the chattel and farm
mortgage record side by side we can
see still more clearly the real tendency
of things. The amount of chattel
mortgages filed actually exceeds the
amount of farm mortgages filed by
nearly half a million dollars. And the
increase exceeds the increase in farm
mortgages more than four million dol
lars. Look next at the record by counties
see what story the figuresiged The
eighty-four counties, andP ied in
Take for example three counties, all
of which were drouth-stricken in 1893,
and "had to be relieved by a state ap
Box Butte is in the northwestern
corner of the state, During the year
ending June 1, 1892, the farm
filings amounted to only $18,359, a
decrease of $1,949. This appears very
"gratifying." But how does it look
when we find chattel filings for the
same periodof $118,387, an increase of
$47,019? In this county thirty-one
farms have been sold by the sheriff .
Deuel county is in the western part
of the state. The farm filings for the
year were only $2G,8S0, an increase of
$21,000. But the chattel filings amount
,o $154,370, an increase of $105,378.
Hayes county is in the southwestern
corner of the state. Its farm filings
amount to only $37,364, an increase of
$15,087. But its chattel filings amount
to $190,951. an increase of $122,230.
In this county sixteen farms have
been sold by the sheriff.
These examples will certainly show
to all intelligent readers what is the
real condition of the people in these
counties. But this state of things is by
no means confined to the counties in
the western part of the state that were
drouth stricken in 1890 As T have
said in seventy-three eouaties, the in
crease in chattels exceeds the increase
in farm mortgage debts.
The fact is that a vast number of the
people of this state have reached that
point where it i3 only a question of
time when their hpmes must go. Many
of them in the vain hope of staving off
the inevitable have mortgaged their
other property to pay up back interest
on their homes. But it all goe3 into
the insatiable maw of the mortgage,
and the death-grip relaxes not. And it
never will, till the laws and industrial
conditions of this country are changed,
or the property of the people is
Hamilton County Independents.
AURORA, Neb., July 30, '92.
Hamilton county had a great conven
tion today. The independents gather
ed 12G strong, with full delegations and
every precinct in line. Newberry and
Vorhis were renominated for represen
tatives by acclamation. J. M. Day wai
chosea for county attorney, receiving
112 votes, I. McKibben was nomi
nated for county commissioner.
Evervbody was satisfied with the re
sult. The representatives are very
popular. The county attorney able,
earnest and deserving, and the commis
sioner a man respected by all who
The county was divided into
districts and delegates to the various
conventioDs chosen. This plan is eni-
minently fair, but is liable to get con
siderable d.fference of opinion on the
delegation. Geo. L. Burr is chairman
of the state delegation. Part of the
delegation prefers Powers, part Van
Wyck and several favor a new man.
The congressional delega'ion chosen
in thhe same way was found to be " a
unit for Judge Stark for congress and
will stand by him. He has
done much for the party . in
this county and tho loyalty of
its members to his interests is a stand
in refutation of the charge that "the
np'nnl.i am alwavs uniratful " He
would make a good run in this county
if ho could tret the nomination and as
this county is the home of the probable
republican candidate his great popular
ity at home should be a strong recom
mendation. The senatorial delegation is favora
ble to Sen itor Horn if Clay county does
not coine up solidly and claim their
turn in which case there will be no
Republicins looked pretty blue after
the convention, but there will be a
great deal of money sent into this
county on account of its being the home
of Newberry, and they nope to oe aDie
to use that. It is their last chance.
Eye, Ear, Nose and Threat Disease
this climate. The
perioral all around doctor. i8 net Pre-
O - -mm
pared to treat these cases, ii ne is in
terested in his patients, as he should be,
he would advise them to consult a
specialist in this line of work. Among
those who treat all forms of catarrhal
diseases of the eyes, ears, nose and
throat, none are more successful than j
Drs. Moore and Dennis, Catarrh Spe- J
cialists of Lincoln Neb. Graduates of
the best medical colleges in America JL
they are thoroughly prepared to treat all-ri
cases of polypus of the nose, obstructed '
breathing, deafness, sore eyes, chronic r
cold of the head, hay fever, asthma and
bronchial and lung troubles, all results I
of nasal catarrh. Como and see us. A
consultation will cost you nothing.
Several hundred people have been sue- J
cessfully treated in Lincoln during tho J
past year. All classes, trades and pro-
fession?, ladies ana children are repre
sented by those who have been,' or are
beinsj cured by our treatment.
'Drs. Moore & Dennis
Office Cor. O & 10th Sts.
Agents wanted, to sell the People's
Party Badges, in gold and silk. Send
10 cents for sample and terns. Circu
lars free. Big money and quick sales.
Address Geo. Bignell, 704 9th street,
Denver, Colo. Patented. G 5t
WANTED: Reliable men to sell our
choice varieties of nursery stcck; outfit
freo. Address, Allen Nursery Co.,
Rochester N. Y.
Eally at Nelson.
The independents of Nuckols coun
ty indulged in a rally of immense pro
portions at Nelson on Saturday. More
than 1,000 people were present. Music
was furnished by a gle club which
sang the "Songs of the People." The
meetififlr wus held in a beautiful grove
on the banks of the little Blue.
Speeches were made by Hon. W. H.
TWh and Hon. I. D. Chamberlain.
Both were grand speeches which were
received with ffreat enthusiasm. The
meeting was presided over by Presi
dent Ke merer of the countv a'liance.
In the evening, Hon. W. F. Wright
addressed a large crowd in the court
house. Representative Felton pre
(To b3 continued )
The electors of the People's party of
the First Congressional District of Ne
braska are reouested to send delegates
from the several counties comprising
said district to meet in convention in
the city of Nebraska City on Thursday
A n crust IS h. 1892. at 2 o'clock t). m.. for
7 7 J.
tho rmrnose of olacinfr in nomination a
candidate for member of congress for
said district, and for tno transaction oi
such other business as may como before
The basis ot representation is fame as
.that of the state convention and based
on the vote of J. W. Edgerton for judge
of the supreme court as follows:
Ca5s county 13, Otoe 14, Nemaha 9,
Laucaster 32, Johnson I, Richardsbn 12,
C. W. Trice, J. E. Lamaster,
IINCOM SALT LAKE
Compliments of the Season.
The New Pleasure Resort.
SIEAMERS, SAIL and ROW BOATS
for Lake Excursions.
Dap dp g pavilliopl
Finest Bathing and Swimming west of
Manhattan, Bar Harbor or
Mill Suits Furnished !
GEO. SPENCER, Manager.
Conveyances leave Tenth and O street
every fifteen minutes.
Tho n Sr. M oro rnnnina' ranrninflr trains
from all parts of the Btate direct to the famous
LiHCoiu Burlington neacn, returning me
A. J. RIGBY&CO.,
REAL ESTATE, i
Loans, Law and Collections. J
Our new song, entitled "The Weake3
Must Go to the Wall," gets in some
tremendous blows against the money,
land and transportation monopolists
and shows how the ballot box must
give protection to the weak. This is a
four plate song which no independent
flub, alliance or labor organization can
do without. It educates and arouses
The Saltillo Drum Corps proposes to
play for the Independent party during
the coming campaign, when called up
on at reasonable terms. Address.
Saltillo Drum Cours, Saltillo, Neb.
Get your old party neighbors
to take the Alliance-Independ-jnSTjmder
onr 25 cent offer.
. J. L. MACK, Att'y & Mg'r. .
1025 0 Street, Lincoln, Neb.
MONEY AT LOWEST RATES,
On City and Farm property, Make your
1nnn nr rmipwals through lis 'il.TYri Save all
necessary delay and red tape. If you desire to
sell, buy or exchange property of any kind list
it witn us ana get me uesi service. joiiecinm
of any kind made anyw here in the United
States, special bargains m western ana otnei
and. City property to exchange lor iarms.
CUXXOG1IAM& MARY Attorneys
Room 35 Richard's Bl'k, Lincoln, Ntb.
aSOLlW BALE-TIE C0.
ADJUSTABLE WIRE BALE-TIES.
Headquarters for this Class of Goods
WRITE FOR PRICES.
Station At Kansas City, Uo.L
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