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About The Alliance-independent. (Lincoln, Nebraska) 1892-1894 | View Entire Issue (Aug. 4, 1892)
THE ALLIiNOE-INDBPBNDDHl been an increase in chattel mort gages. 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 prosperity. 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 security, and 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 foreclosed. COMPARISONS. larrm in a maiorilv of cases the n w decreases are invariably small.' In 73 counties out of 90 the increase in chattel mortgages exceeds the increase in farm mortgages. 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 gages. Take for example three counties, all of which were drouth-stricken in 1893, and "had to be relieved by a state ap propriation." 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 swallowed up. 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 know him. 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 contest. 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. L. 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 sided. (To b3 continued ) Congressional Convention. 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 tho convention. 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, Pawnee 7. C. W. Trice, J. E. Lamaster, Secretary. Chairman. IINCOM SALT LAKE Compliments of the Season. The New Pleasure Resort. FREE ADMISSION. SIEAMERS, SAIL and ROW BOATS for Lake Excursions. Dap dp g pavilliopl BURLINGTON BEACH Finest Bathing and Swimming west of m Manhattan, Bar Harbor or Long Branch. 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 same evninjr. 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 it-1----- . 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. S3S aSOLlW BALE-TIE C0. MANUFACTURERS OF ADJUSTABLE WIRE BALE-TIES. Headquarters for this Class of Goods WRITE FOR PRICES. Station At Kansas City, Uo.L
