You can not go to a considerable village in a Southern State today but you will find the authorized agents of British capital there loaning money to the people at from 12 to 25 per cent. per annum and taking mortgages for it. Why are the agriculturists who produce three hundred and odd millions of money a year. and throw it into the exchanges of this country. so crippled and borne down that they are compelled to resort to the same plan that your agriculturists in the North were. to load their estates with mortgages at usurious rates of interest? The Northeastern people. from New York and the East mainly. own the mortgages upon the Northwest. but the British people own the mortgages upon us. and it is getting tobe an evilof such dimensions as that the thoughtful men of the South are beginning to inquire whether. after awhile. the British people are not going to dispossess them of their homes. and introduce immigrants from their own country to take possession of these lands. You find some objections stated occasionally to British immigration into the Southern States. and this is what it means. The people of the South are afraid that their lands are going to be taken from under their feet in virtue of these mortgages by foreclosures. and that the occupants of the land hereafter will be the tenantry of the British landlords. There may come a time even in the South when landlordism will dominate the Southern States and come from England. as landlordism now dominates Ireland and comes from England.
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