In 1908 the state debt was $816,785, and the assets in bonds, railway mortgages and bank stocks exceeded the liabilities by $7 1 7,779.
He had asserted that, owing to the habit of foreclosing small mortgages, " any one with a hundred gulden could gobble up a peasant a year."
Mortgages for all of us were quickly processed through a private bank owned by one of Merrill Cooms' entities.
The former apply principally to successions, stamps, registrations, mortgages, &c.; the latter to distilleries, breweries, explosives, native sugar and matches, though the customs revenue and octrois upon articles of general consumption, such as corn, wine, spirits, meat, flour, petroleum butter, tea, coffee and sugar, may be considered as belonging to thu class.
Loans are repayable by Agrarian instalments, and are guaranteed by first mortgages not Credit greater in amount than half the value of the hypothecated flanks property.