The farmers' union., August 30, 1894, Image 1

About The farmers' union. (Memphis, Mo.) 1891-1895

Image provided by: State Historical Society of Missouri; Columbia, MO

                
THE FARMERS' HON.
Volume IV.
MEMPHIS, MISSOURI, THURSDAY, iUJCJUSO 30, 180.
Number 32.
M. Humphrey's
Green Front.
10,000
Men,
BoysandChildren
to call at my Store and examine my
Mammoth Stock
OP1-
Clothing
5
winch 1 have just received,
and which has been pur
chased under ji prospect of
a low tariff and bought the
20vxi9 away DOWN, the equal
has never been known in
Northeast Missouri. 1 am
prepared to sell you
GOOD GOODS,
Kven below your own ex
pectation. Those
Caps,
Boots,
Shoes,
Neckwear,
Furnishing Goods,
AS WELL AS MY
lothing Stock,
Are all Fresh, New Goods,
aud purchased under the re
vent decline in the eastern
market, and, positively, will
lie closed out to make room
for another stock, which 1
expect to buy in the near
future, even lower than ever
if possible. Call early and
see me if you wish to
Save Money
Remember, Old and Young
Ladies' Shoes and Slippers
a specialty. 1 am yours as
ever.
M. Humphry,
Green Front,
"North Side,
Memphis, Mo.
MORI GAGE INDEBTEDNESS.
Tabulation of the real estate mort
gage statistics collected by the Census
Office for the whole United States dur
ing the last decade is now completed
andean extra bulletin has just been is
sued by Carroll D. Wright, superinten
dent of the census, comprising fifteen
tables, which gives the chief results
of the investigation.
The first table points out (juite
clearly one of the principal reasons
for the lihard times ' from which the
country is now suffering. It exhibits
the real estate mortgage movement
in the various States and Territories,
with a summary for the United States
during the ten years 1880-188'J. Dur
ing that time 9,517,757 real estate
mortgages, stating amount of debt
incurred, were made in the United
States, representing an incurred
indebtedness of $12,094,877,793. The
number increased from 643.143 in
1880 to 1,220,323 iu 1889 or 90.08
per cent, and the yearly incurred in
debtedness increasid from $710,888,
504 in 1880 to $l,75t,503,274 in 1889
or 145,53 per cent.
With regard to mortgages on acre
tracts, the number made during the
ten years was 4,747,078, representing
an incurred indebtedness of $4,890,
771, 112. The number of these mort
gages made in 1880 was 370,984; iu
1889,525,094, an increase of 42.54
percent; white the incurred indebted
ness increased from $342,500,477 in
1880 to $585,729,719 in 1889, an in
crease of 70.98 per cent.
The increase wa relatively larger
in the case of mortgages on lots.
They numbered 4,770,009 during the
last ten years, and the iudedtedoess
incurred under them amounted to
$7,198,100,081. From 1880 to 1889
the annual number made increased
from 272,150 to 70 1,229, an increase
of 157 05 per cent. J hiring this e;ime
time the amount of annual indebted
ness incurred increased from $308,
322,027 to $1,IC0,83S,555, an increase
of 210.80 per cent.
During the deeada 022,855,091
acres were covered by 4,758,208 mort
gages stating and not stating the
amount of indebtnessed incured under
them; the number of acres covered
j by mortgage in 1880 was 41,743,013;
iu j !, u,4i.zn7 in increase or
05.30 per cent.
Jn ca of Io(s covered by mod
gage the increase from 1880 to 1889
was 198.25 per cent, the number cov
ered by mortgages stating and not
stating amount of indebtedness ia the
former year being ! 29,955; iu the lat
ter year, 1.282,334.
MOXTGAGE INDEBTEDNESS OK XIX BIT
I.IONS.
At the end of the decade, January
I, 1890, the real estate mortgage in
debtedness amounted to $0,019,073,
985, represented by 4,777,098 mort- j
gages. These mortgages are divided !
into two classes, as follows; mortgag- j
I es ou acres, 2,303,143,031; mortgages j
(iii lots, 2,484,037, amount of indent-
edness. $3,810,531,554. Number of i
acres covered by existinn mortgages. I
273,352, 1 09 ; number of lots, 4. 1 0 1 ,
138. It is computed that the average
j life of a mortgage in the United
! State is 4,000 years; of a mortgage
! on lots, 4.740 years. The longer life
I in the ease of both classes of inort
i irages is fouud iu New Knglaud.
New York and New Jersey; the short
er life in the South aud the newly
settled regions west of the Mississippi
River.
Since mortgages in force were
made 12.08 per cent of the original
amount of indebtedness incurred un
der them has been extinguished by
partial payments; in the ease of mort
gages on acres, 1J.07 per cent: on
lots, 13.25 per cent Tim percentage
of partial payments is highest in the
m . a a a
?wlv
outn ana lowest m tne more ne
settled regions.
Subject to all difficulties that be-: In the South tUeold parties are sup
set any attempt to determine such a ! pressing tuePopulist revolt by fraudu
porpoi tion, it appears that the real lent counting of votes. In the North
estate mortgage indebtedness iu force they break up Populist meetings and
iu the I'uited States is lti t7 per cent I conventions. Nonconformist.
of the true value of all taxed real
estate and untaxed mines.
The mortgage debt in force per
capita in the United States is $96;
the three larger State averages (omit
ting the District of Columbia) are
$268 in New York, $206 in Colorado,
and $800 in California. The smaller
ones are found in the South and the
Rocky mountain region. In the Dis
trict of Columbia It is $226.
In forty-one States 28.86 per cent,
the taxed acres are covered by mort
gages in force. The largest propor
tion of mortgaged acres is in Kansas,
where 60.30 per cent, of the total
number of taxed acres are mortgaged.
Nebraska stands next with 54 73 per
cent; South Dakota third, with 51.70
per cent. In the five States, Illinois,
Kansas, Missouri, Nebraska and
South Carolina, 23.99 per cent, of the
taxed lots are covered by mortgages
in force.
The average amount of Uuut in
force against acres to each mortgaged
acre in the United States is 8.08; of
debt in force against lots to each
mortgaged lot, $916; there 119 acres
covered by each mortgage in force
against acre lots.
AVERAGE RATE OF INTEREST OVfctt t)
PER CENT.
The average rate for all mortgages
The average rate for all mortgages
in the United States is 6.60 per cent;
for mortgages on tuts. 7-30 per
cent. These rates make the annual
interest charge on the existing real
eitttte mortgage debt of the United
States amount to $397,442,792; on
the debt in force against acies, $J02,
052,944; on lots, $237,789,848.
On each mortgage iu force in the
United States the average annual in
terest charge is $83; on each mort
gage ia fovea against seres, 71; on
each mortgage in force against lots
95.
Six and threc-hundredths per cent
of the number of tuoitgages made
during the ten years were for amounts
of less tua Mj each, while 45.17
per cent of the entire numbo were
for amounts of less than $500. 08.54
per cent of the entire number for
amounts of less than $1,000, 27.41
per ppnt of the entire number for
for amciiuU of fOOJ and under
$5,000 each, and 4.0& pe cent of the
entire number were for amounts of
$4,000 and over.
Of the real estate mo: tgage indebt
edness incurred in the United States
during tits decade, 41.89 per cent
was subject to a 0 per ssut ato Qf in
terest; 10.06 per cent of the debt in-
curre,i was gubject to rates less than
0 per cent; 42.05 per cent of the debt
in currud was subject to rates great
er than 0 per cent, and J4.41 pet
cent of the debt incurred was subject
to rates greater than H per cent.
The average rate of interest on
real estate mortgages declined from
7.14 per cent in 1880 to 0.75 per cent
m I889 witu some interruptions to
the continuity of the decline in the
tMe. The average rate of in
terest ou mortgage ou aere deulined
from 7 Per cent in 1880 to 7.52
Per cent in 1S89, and on lots from
0.09 per cent in 180 to 0.37
per
cent in 1889.
A tinaj table shows the objects for
which real estate mortgages are made.
These were ascertained by personal !
inquiry in 102 counties iu various I
parts Df the Union, and in these coun-
ties it was discovered that 80.13 per
cent of the number of mortgages, re
presenting 2-50 per cent of the ori
ginal amount of mortgages in force,
were made to secure purchase money
aud to make improvements when cot
combined with other objects, aud
that 89.82 per cent of the nuinlier of
mortgages, representing 94.38 per
ceut of the original amount of exist
ing indebtedness, were made to se-
cure purchase money, to make im-
proreinents. to invest into business,
! anJ to b4iy tlie wore c1lirul)!e ?inds of
personal property.
Oiiy Olney, attorney general of the
Uoited States, says the states have
no rights that the national govern
ment is bound to respect, mat was
demonstrated iu Sacramento on the
16th, when a company of United
States soldiers marched in to a dis
dnct court room and endeavored to
take three prisoners out of the court,
who were then being tried for "delay
ing mails. The soldeirs did not
take the men, however, because the
spectators defended the prisoners
and the court against the national
mob. What is this country coming
to, or what has it come to? Indus
trial Educator, Fort Worth, Texas.
The democrats who said "we want
a chance and then if the party does
not give relief we are going to leave
it," can now be found saying that their
majority is republicanized, that they
are not true democrats. We told you
long ago that there was no difference
between the two parties and you have
just discovered that it iz Uuo. Don't
you think the same kind of republi
canized democrats will be elected iu
the future? We do. Kven for con
gress in this district you have a can
didate who says he is in favor of a
"parity" and wants England's oonsent
to coin silver. Pittstlekl, III., Advo
cate.
One of the beauties of the tariff leg-
islation just passed is the discrimi
nation made bv the "reformers."'
a w-
While the rich are to enjoy the privi
leges seemed in their behalf, the mas
ses who are the large consumersof ne
cessities are to be compelled to pay
in increase price for the carpets they
will buy in the future. With an ee
single to tne inteiests of the "deal
people," the duty on carpets has
been increased 12 to 15 uer cent.
1 .
In consequence, a risu in the carpet
market may be anticipated in a few
days. Dayton, O., Seutinel.
The republicans held power for
thirty years, ran the country in the
ground and were kioked out for incom
petence aud corruption. The demo
crats were full power and completed
the ruin by following in the footsteps
of their predecessors. The absolute
necessity of a new deal and a new
party is. too plain for argument. Un
less the piratical erew is thrown ever
board and honest sailors given charge,
the Ship of State will get completely
wrecked on the breakers of Cape?
Trust. Nonconformist.
nn-i
So long as the management of the
Republican party remains in the
hands of the present leadership there
is no hope for the people for that
form of government inaugurated b
the raaityr, Lincoln, An era of cor
poration set in upon the announce
ment of his going out. The Republi
can tendrils which reach out into all
parts of the country, a band of men
who are running politics for what
there is iu it. Patriotism is no mo
tive to actuate them on. Dayton, O.,
Sentinel
m ii'" -i i " JB jfr1 m ii i 1 1 m 1 1 in i
Observe that the northern republi
can press is pleased with the defeat of
Populists in Alabama and Tennessee
and the Southern democratic papers
are delighted wheu Populism meets
a reverse in tne .ortli. jhese old
W18 bate Populism so badlv that
they forget to hate each other. It is
Populism against the field. Noncon
formist The Jvansas state treasury shows a
cash balance of $893,430.18. It
would be well for the people of Ohio
to have a Populist state government
for a few years. Heretofore, our
balances have been on the wrong side
CP
of the ledger. Cleveland
O.. Forum.
J When you can not meet truth aud
j logic with any sensible objection, just
yell "anarchy and tramp and bloodv
i revolution "ani voq will be aoooqnted
wise(?) in the estimation of those of
the same stamp as yourself. PiU
field, 111., Advocate.
Every time we make a millionaire
we make 10,000 industrial slaves to
support him Iowa Populist
Memphis College,
No Better School in the Land
-FOR.
Short Practical Courses of Stud
Twelve Departments:
Preparatory, Normal,
xdoouuon, commercial, Actual Business
Practice, Penmanship. Stenography,
Typewriting, Pen Art and Con
servatory of Music.
Opens Sept.
$10 00 in advance pays tuition for one
f 30.00 in advance pays tuition for one
rcrsic TTTrricosr.
All lessons nrivale extent I In rmnnr
, ,
iiiijin; VB3U1I .
OlIA i- u.i.li ir.tr
- v .u u v.vii, tcu wccitn.
1 wo lessons ech week, ten weeks.
BOiLRD FOR
The people of Memphis have kindlv opened their homes to the students
of .Memphis College and will accommodate them with the best of rooms
nicely and neatly furnished, and board at the exceeding low prise of $ 50
jer week.
rui particulars ami catalogue, address,
J. W. BENCE, M. S., A. M., Pres.,
Mm HK
PALPITATION OF THE HEART.
5hortness of Breath. Swell
ing of Legs and Feet.
"For about four years I wan trou
bled with palpitation of the heart,
snortness or breath and swelling of
the legs and feet At times 1 would
faint. I was treated by the best phy
sioians in Savannah, Ga., with no re
lief. I then tried various Springs,
without benefit. Finally I tried
Dr. Miles' Heart Cure
WwM
continued taking them and I am now
In better health than for many years.
Since my recovery I have gained fifty
pounds in weipht. I hope this state-
ment may be of value to some poor
sufferer."
E. B. SUTTON, Ways Station. Ga.
Dr. Miles' Heart Cure is sold on a nositir.
guarantee that the first bottle will benefit. !
All druKglst sell it at SI, 6 bottles for IS. or
it will be sent, prepaid, on receipt of nrica
by the Dr. Miles Mwlj.-al Oo., Elkhart. W
pcocEu so mm
WlthallbadeonMqaeccea.ltrBBSvary.lOMOf
eEMjry. nrrvom ex item, t, i ervuut debility.
BBEt ural diachaigN Ivttmaohood, dnpoadcaey, antt
9 ft tommy, wtrning wvoltb organ. cvrU.nl ma
jpid'y cored fcy jfo and ea-y method . Cam pofil;
,wu teed, y uet .on If .auk and Book frw. Call or wrtta
DR. WARD INSTITUTE.
120 N. Ninth St. ST. J0U1S. HO
BDPTDBl
cub:
T
Una all rari
ties of Rupture enables us to fuarantee a
poflUTe cure. Question UlAoS ana look
tree. QUarwTlte,
OS me street.
cos
OLIC IN HORSES.
GUARANTCKD.
k on hand. U aaay mwt tho Ufa of i
valuable animal On paekaga vtl
cure eight to ten aaaii. Mas SMS
Seal by mat o- eipraai, Oar Ac
cwaot Book, w
nt Itouk. w ich cMtalnakiatat.
bie kreprra, malkd nam.
ota Die
B.
The Old Reliable
Established 38 rear.
married or single. In
GUARANTEED. Board end
furnished whan desired. Qt
and Book free. Can or write.
Pianosw,ifcSSsOrgaDs:
DR. DOI
mw mm
IS
v,
Scientific, Literature,
11th, 184.
term of 10 weeks, except
year of 40 weeks.
ttlUSle,
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STT73DE3STTS.
Memphis, Mo.
FARMERS' EXCHANGE
:b2t:k:
CP
Memphis, - Missouri.
o
H. G. PITKIN. Pro-ldeat.
A. H. PITJCIN. Caalilt r.
Paid op Capital, $25,000,
H. O. PlTKIW. "
A. SlMOIf .
A. H. Pituw,
Wm. UmtMTi,
J. 8. PlTSIW,
" Directors.
o
Does a genera! bankinjr business
Buy jf.MHl negotiable mmer'
Special attentkm slrVtaSuMHiMa
rur-v .un,MK AND WMcST '
jy Northeaat Corner Poblto Bquar.
jameTe. pulliam,
Blacksmith,
SHOEING AND REPAIR SHOP.
'RPllri Satly ail ProiDtiy One
j T ,k . ,.
1 n,ake a PeHv of
1 "tt..
! -"-ORSESHOIN Q"-
!
I c, ... .
j ou"P ooumeasi Lor. Square, old
erk Ill's Stand. Memtihie Mr.
J. M. Kloetzer,
MEMPHIS, MO.,
First Door west of the Citiaun s Bni.k
building, invites the pahl e to t ail
on him when wanting to buy
HARNESS, SADDLES, Halters,
Bridles, Whips, &c.
The stock is new and the fowett
possible price asked for good good.
The country trade especially solicited.
femaJTWlls.
sUi bv Brown & I,,W9on- Mnp-i
e.! fiilpeaat.ee. TrtataaaM aaaaaenaW. Cue
Ter u low.
am.
WANTED.
jaw wiaanrwrnn. wmmm