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Americus Recorder. W. t, OUIII|R, Kdttor. Official Organ of Webster Cenatf. SATURDAY, ROY. SO. 1984. SOUTHERN LOANS. Railroad securities are unirersal. ly discredited, and capitalist* and insurance companies are said to be turning to farm property in tbe south and west as a substitute. According to n recent statement in tbe New York Times, six east, ern insurance companies bad loan ed to western farmers up tn Janua ry 1, 1877, no less than $68,770,- 049. At that time only $3,000 bad been lost on foreclosure sales. The western experiment was so satisfactory that tbe capitalists of the eastern states and of tbe Old World propose to repeat tbe pro cess in tbe south. They desire long loans at 7 or 8 per cent on 40 per cent of the value of tbe pro perty, not including bnildings. The interest is made payable an nually at the New York office. As tbe best corporate securities do not yield over five or six per cent, tbo farm investment are coming into favor, and tbe chances are that tbe southern country will soon bo covered with men who are looking for farms that are not sup plied with mortgages. There may be some good in all this to the south, because the rate of the loans to our farmers is very high, especially it tbe loans take the form of credit for supplies fur nished; but still a mortgage is so relentless in its couree, so difficult to sbake ofT, it is doubtful whether any increased facilities for the loaning of money would be an un- nixed blessing. Thcro is no mon ey in farming when it is done on a credit basis, whether the rate of interest be high or low, and if our farmers can get long loans at 7 or 8 per cent there will be a less num ber who wil 1 by energy or self-de nial become independent of capital ists and interest tolls and mort gage hunters. It is not the far mer that borrows, but the one that brings to the task economy and untiring energy, who becomes master of his own affairs, and on easy terms with ail the rest of the world. Wc look, therefore, with apprehension on an invasion of mortgage-takers. Tbe farms of Georgia should not bo covered with mortgages as the farms of the western states were several years ago. Successive crops of wheat ou new lands marketed at high prices after the war, lifted the western farmers out of trouble; but tbe soil of Georgia is ucither new nor rich, and a mortgage once fastened upon it would stand a good chance to remain up to the last day at least named in the con tract. It is better for us all to strugglo along even under the cred it system, than to hand over oar titles to people who will elscwhoro spend or invest all tbo clear profits of our toil. Outside capitalists now largely own our corporate en terprises, and if they get their fin gers on our farms, there will be little prospeet of that independence and prosperity we bavo all seen in tho distaaco and struggled to wards, hut hare never completely seized and enjoyed.—Atlanta Con stitution. There is much that is sensible and timely in the above article, and we fully agree with It in the matter tiiat it would be better if there was no necessity for our farmers to mortgage their lands. Hut wc do not agree with it that "it is better for us all to strugglo along even under tho credit system, than to hand over our titles to pooplo who will elsewhere spend or invest all tho clear profits of our toil,” lor tho reason that the credit system takes tho larger portion of the profits of our toil. There is n vast deal of difference between paying fifty per cent, for credit and twelve per cent, for a loan. In both cases a mortgage has to bo given, and when it comes to foreclosing that mortgage it makes very little dif. fcrcnce to the farmer whether his land goes into the hands of a man at home or abroad. While we should be glad to sco our farmers in such condition that they would not be forced to ask for credit on any terms, as between buying supplies on the old credit system and borrowing money from an Eastern company, wo should advise them to make a five year loan. Our reasons for giving this advice are as follows: First. It is cheaper. A long time loan can be procured at tho rate of twelve per cent., including cemmisslons and expenses. The credit system, as usually practiced, will cost fifty per cent., nearly as much for one year aa the loan cosu for five years, and the difference will pay the principal. Second. It gives tbe borrower a better chance to pay out, as be has five successive crops to pay him out, and is not left ,-al the mercy of a stogie bud year. Third. His crop ia not mort gaged and can be disposed of to tbe best advantage in such market and at such time os he pleases. He is for five years, at least, a free man. Fourth. There is less liability of this mortgage being foreclosed under the long loan than under the credit system; for the foreign lender does not want his land, and if the interest is paid promptly there is no difficulty in getting the loan renewed. Fifth. It is better for the coun try, better for our merchants and banks, as it increases the amount of money in tho country, enables the farmer to pay his debts and buy for cash. The experience of the past summer shows that there is not enough money in the coun try to supply the necessary de mand. Wc base these reasons upon the plan adopted by the Georgia Loan and Trust Company, of this city, in making loans. This company is duly chartered under the laws of Georgia, bas its central office in Americus, and is managed by men whose interests arc identified with those of our people. It is true that the money thoy loan is largely Eastern capital, but the same may be said of many banks in this State. Having a large amount of capital at their command for in vestment, there are no unnecessary delays, no waiting lor lorcign in spectors to view the laud or for eign altornics to pass upon the papers. Tbe lands are viewed by home inspectors, the papers passed upon by homo officers and tho money promptly paid out. It a borrower wishes to take up his loan before the expiration of the loan, he is allowed to do so. They also loan money for two and three years. We have nono of the fears in dulged in by many of the papers of this Stnte, that the capitalists of the North arc scheming to get pos session of the farms of the South. Ten years ago we heard the same cry in the West, and although millions ( of dollars were loaned throughout the' West, the fore closures ef mortgages were very rarc, and then only whero the bor- rower had failed to pay any portion of principal or interest and had abandoned his property. Wo per sonally know of hundreds of cases whero the loans were renewed at a lower rato of intoroit, and where farmers by these loans wore en abled to save themselves from bank ruptcy. Tho loans were made at a time when thcro had been a finan cial panic, when lands wore low aud crops had boon poor. These loans enabled farmers to pull through until they hud good crops and tbe prico of land advanced. In the West, following these loans, the lands invariably advanced in price, and to-day in that very section tbe farmers are prosperous and inde pendent. We speak of what we know, and knowing what we do, wc have no hesitancy in saying that we believe tho long loans on farms in this State will m the end piove a blessing in moro wavs than one. FMCIAL BA To Give Ton an Iflea of What Has Been WE QUOTE THE FOLLOWMQ FRICES One Hundred Men's Cassimero Suits Regular prico $10.00, for $6.00. 250 Fairs of Pants. Former price $2.00; now $1.00. 250 Pairs of Pants. Former price $5.00; now $2.00. Men's Cassimcre Saits, all sizes from 33 to 42, at 50c on the dollar. Four-Button Cut-Aways at 33 per cent, less than ever known before. Plaids and Checks are all the go this season. We have got them in large vari ety, am! at prices that place competi tion in the back ground. Ill Boys School Suits We can show you a variety of Ono Thou sand different styles; more of them than all the houses combined, from Macon to Montgomery, and at prices cheaper than you can buy common Jeans to make them. Onr Line of Cents Underwear Is larger than ever before, at prices we defy competition. IN BOOTS AND SHOES! Wc arc Jast Lending the Caravan! Five Thousand Pairs of Women Pokers, from 3-7 and (J-9, at the startling low price of G5c per pair; nover known to sell for less than one dollar since AmericUB has been a city. One thousand pairs Children's Copper Tips, never sold less than 75o, can now be bought for 50c; a good, honest shoe* 10 Cases of Brogans, from G to 11, and 10 cases Plow Shoes from G to 11, solid inner sole, white oak bottom, solid leather counter, always sold at $1.50, now re tailed at $1.00. In Ladies’, Misses, and Children’s Fine Shoes we can show you an elegant line, and retail them at prices 25 per cent, less than any house in town can buy them. . J. WAXELBAUM & CO. AMERICUS, - GEORGIA. DieraUeMforitsSeraty? CONVULSES NEWYORKsfioa OLD ESTABLISHED MERCANTILE HOUSES, WHOSE SOLVENCY WAS SUPPOSED TO BE FOUNDED ON INDE8TIIUCTABLE ROCKS OF UNLIMITED CAPATAL AND UNQUESTIONABLE CREDIT. Tottered and Fell in a Bay! tmnniQ mnn tin Specially was this true of many'large and celebrated Clothing manufacturers who had made up numeious stocks from materi. als bought on credit. These manufacturers placed their faith on lively and profitable September trade, absolutely relying on it for funds to meet their maturing paper, which they had given for piece goods, but the trade did not come, the continuous warm weather and no customers cooked their ‘.‘goose,” and there was nothing left for them to do but to fail .and turn their goods over to an Assignee. It was bad. for them, but it is in your power to make it good for you, for, as usual,, when good goods are to be sacrificed we are always on hand. Our Mr. Joe Waxelbaum was there, and notwithstanding the fact that we were already prepared with a stock of Seventy-Five Thousand Dollars, we bought Thirty-Three Thousand more in Boys, Chil drens and Men’s Clothing, Dry Goods, Dress Goods, Fancy Goods, Corsets, etc., at prices varying from 30 to 60 per cent, of the actual value. Promptly at 8 o’clock and itgwill be to the interest of every one in this city ..or country to be on hand, for at the prices we propose selling these goods you were never offered them in the history of the dry goods, clothing, boot and shoe trade. J.Waxelbaum&Co. PROPRIETORS NEW YORK STORE, Americus, wide, warranted all wool, at 3.5c yard, never sold less than COc Ten Pieoes Black Cashmere, 42 led... wide, 81424 oenta per yard, warranted all woo> n , Goods worth any man's money, “0.Colored. Ano.m, Ing shades, at 7jo per yard, worth 121 in good cash. 1 50 Pieces Brocade Mntlasaes, worth 25. per yard, retailing by u» now at 15c. Id Silks, Satins, and Velvets we are ai always, the acknowledged leaders, hnvine them in price from 25o per yard to 45 ki Onr 41-00 Black Silk* retails atsSh Avenue, New York, for 41.25. In Colored Silks and Satins we oire you any imaginable shade; from 50c >o 41.50 per yard. In Honsefnrnishing Goods we [ mvc bought direct fiom importers, who had tho misfortune to retire from husinesa rather unexpectedly. We bought them 50c on the dollar. They have to be seen to be appreciated. Call and see ourTen-Cent Towel fall, 24 inohes long; all linen, worth 25c. Twelve gooil Napkins, all linen, for 50c. 500 'Linen Hemmed Napkins, nt 10," with colored borders. Never sold for less than 25c. 500 Marseilles Quilts, nlwnvs sold at $1.50, can now be bought tor 25c. OUR LIRE OF Fancy Goods, Hosiery, Is too numerous to mention, carrying n stock of these to Fifteen Thonsnm! Dol lars in onr Betail Department alone, nr.<1 anything we happen not to hare thcgootl old man never made. In CARPETS and RUGS we can mo you 33 per cert, less than you have ever known them before, and give you a stuck equal to any house this side of Baltimore to select fn.ni. It is rather early in the season to talk abont CLOAKS. But remember we manufacture every garment we sell, ami will talk abont them Inter when the .weather grows colder, We are confident tliero will be no cause to complain of onr prices, and so far as assortment ami style is concerned, we can compare with nnj house in the State, and will take ns much pleasure in showing our goods as in Rill ing them. Call Early and Avoid I lie linsli! J. ’WAXELBAUM & CO, AMERICUS, - GEORGIA. Oliver & Oliver STILL LEADS! We invite everybody and the public gen orally to call at our shop and examine our immense stock of First-Class Finished Single and Double Seat Buggies and One Horse Wagons, of all styles and sizes. All of which are of our own manufacture, and will be sold as cheap as it is possible to sell such work in cRwiTd 4 Discussing Blaine’s recent Au gusta tirade, tlio Philadelphia Times says: “Had he chosen to be truthful, he would have said that in every Southern State there arc colored Democratic officials, bath elected and appointed, thus proving the divided colored vote, and he might have added that Mississippi, the home of Jefferson Davis, maintains from its treasury more colleges for. the colored race, in addition to uni v trail free schools than does the State of Maine.” “Had be chosen to be truthful” be might have said all this. But does tbe "Continental Liar” ever choose to be truthful when a falsehood better serves his purpose? Hen. Barclay Henley, of Califor nia, one of the two demoorata of that state who stood by bis party in support of the Morrison bill, is re-elected to tbe next congress, while the four members who voted with the republicans against the hilt an defeated. any market. In reference to our Single and Double Seat Dexter Buggies, we will say we were the first to intioduce them in this coun try, and have from the beginning up to the present time constantly improved them, and we believe we now have them perfect. We keep on hand all the while finished from 15 to 25 of these Buggies, with first-class Harness to each buggy, and can sell you a Buggy and Harness as cheap as anybody. All we ask is to give us a trial. A word now to those who have old bug gies and wagons and desire to have them re paired or made new: We|[will'give you more work, and a better job, for^lessjmoney than any other shop in Americus. Try us and be convinced. , - ; , Americus Ga^ July 25,1884. »• This is My Space! A. D.5*McHenzie wholesale and retail dealer in WHISKIES, . TOBACCO, CIGARS, Etc. I have in stock a beautiful Jine of all hood made Sour Mash Whiskies fonr vr-ar« old. Also a very fine quality of Blended Whiskies, which I will sell very low FO^EI OASH ! Now la your time to puroliosa a puro article for loss money than evir before. Also, * Sdra araelacted^iiown goes lares, Whiskey, Tobacco and Cigars. A. D. B. MoKEXTZIE, Cotton Avenue, - Under Recorder Office, - Americus, Ga B. T. 57RD, INSURANCE AGENT, OFFICE IN COMMERCIAL HOTEL BLOCK, Forsyte Street, - • ■ ■ Amerious, Ca AGENT FOR THE LEADING IN THE COUNTRY, GIVING YOU THE BEST INSURANCE AT THE LOWEST RATES. GULLET andLDMMES COTTON GIN 0 . IVholBiMrtXCMxuillMwleill CALL AND SEE ME, WHEN IN WANT OF INSURANCE OR OLh' s - teptUmS R. T. •J