Evening Republican, Volume 14, Number 240, Rensselaer, Jasper County, 8 October 1910 — Morgages In Indiana Doubled in a Year. [ARTICLE]

Morgages In Indiana Doubled in a Year.

Mortgages on Indiana property in 1909 amount to nearly twice the sum which they totaled in 1908, and reach the staggering figure of $136,054,140. On the other hand the amount of mortgages satisfied during 1909 increased only one-half over the previous year. The total number of mortgages in 1908 was 59,499, and the amount of money involved was $77,693,196. In 1908, 61,495 mortgages were cancelled and thus the amount of surity bond for indebtedness was reduced by $60,705,527. The total number of mortgages filed in 1909 was 113,860 and the amount of money involved was $136,054,140. In 1909 only 82,412 mortgages were cancelled by satisfaction of debts and property amounting to $94,736,434, thus relieved the incumbrance. Deeds filed for 1909 number 114,910 and the consideration as a total amounted to $187,561,188, whereas the total for 1908 was $94,149,427, although in 1908 the statistics did not include auditors’ deeds, which only amounted to Also in estimation of mortgage totals school fund and chattel mortgages and miscellaneous lien were counted in 1909 not in 1908, but the kmount does not offset the general advance. Demurrers in two cases in which the United States is plaintiff against the Louisville and Nashville and the Monon Railroads are defendants, were overruled by Judge Anderson Friday in the Federal Court. The cases hinge upon alleged violations of the hours of service act, and the railroad companies, Ip their demurrers, alleged that the am was unconstitutional on several grounds. Each road is charged with allowing telegraph operators to work more than nine hours a day in what are known as .“night And day" offices under the control of the. roads. ,