FARMER'S DEBTS.
The aggregate indebtedness of the farmers of A meriea is put at two billions of dollars—more than the national debt. Yet there is no need to fear that the farmers will be bankrupt. They yearly produce articles worth four billions. The farmers do a business compared with which their indebtedness is small. Nevertheless, a little ready cash need not wait long for profitable use ; likely, if it weie spent to make the house and land better, it would bring high interest. Some men have foolishly buried silver or gold in the earth ; yet many American farmers could wisely put money into their land, and had better put it there in the form of manure or tillage than to buy with it other land, Going in debt, for luxuries cannot be too strongly condemned ; for the farm once mortgaged is half lost. Insects may destroy the wheat, storms the corn, drought the grass ; hut none of these attack the mortgage. Debt has many gray heads, and too much land has killed many a farmer’s wife.
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Te Aroha News, Volume VII, Issue 443, 5 February 1890, Page 8
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176FARMER'S DEBTS. Te Aroha News, Volume VII, Issue 443, 5 February 1890, Page 8
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