Democratic Sentinel, Volume 12, Number 45, Rensselaer, Jasper County, 30 November 1888 — THE TARIFF AND MORTGAGES. [ARTICLE]

THE TARIFF AND MORTGAGES.

A committee of experts has examined the records in Kansas and finds that the mortgages on the farms ar* gregate $285,000,000. the in erest on which averages 8 per cent., or $23,* (00.000 pc: annum This exceeds by $5,000,000 the entire wheat crop of the State. And all this immense indebtedness has grown up under a high protective tariff for the benefit of the workingman and to build up a home mamet 'or the farmers! The same condition exists in every State in the West and Northwest. The auditor of Michigan reports that of 92,000 farms in that State 47,000 are mortgaged In 18R1, at the close of the revenue tariff period, there w®ro no mortgages on Western farms except for deferred payments on the purchase money. Now. after twenty*, five years of tnis “tariff for the pro* ‘ectien of American workingmen, and to build up a home niysrkfct for the farmer’s produce," no one cereal will pay the interest on the farm mortgages.—Labor Signal. Senator Sherman nowsaysthat the atiff must be revised and reduced. It seems to us that we have heard something like that before Brooks* burg Sun. W. W. Dudley has been suggested for Secretary of the Navy as he un* derstands managing the “floaters:"