337] The Condition of tlie Western Farmer. 59 



a. Chattel Mortgages. 



Lc f us consider first the chattel mortgages against resi- 

 dents of Harrison township. 1 Table XII. shows the total of 

 unreleased mortgages on file to be $23,932.22, but on account 

 of a duplicate entry, one mortgage for $1000 must be 

 deducted from this to get the true amount of such debts 

 shown by the books. After these figures were obtained, 

 every mortgagor and mortgagee, as far as possible, was 

 asked as to the state of the debt in which he was interested, 

 and it became evident that almost two-thirds of the chattel 

 mortgages appearing on record as still due had really been 

 paid. The exact figures are given in the table. In attempt- 

 ing to get at the real amount of debt owed in the township 



XII. CHATTEL MORTGAGES. 



Total unreleased Chattel Mortgages on file, 103, $23,932.22 



Less duplicate entry, 1, 1,000.00 



102, $22,932.22 



INVESTIGATION OF TRUE STATUS OF MORTGAGES. 



Mortgages investigated, 88, $21,910.50 



Unable to investigate, 14, 1,021.72 



Of investigated Mortgages 



Really paid, but not canceled, 54, $11,991.40 



Partial payments, 2,178.00 $14,169.40 



Still unpaid, 34, .... $7,741.10 



Per cent of investigated Chattel Mortgages still due, 35i 



really paid, 64f 

 Taking these percentages of all Chattel Mortgages, we have: 



Total amount still unpaid $8,102.07 



really paid, 14,830.15 



$22,932.22 



Amount secured both by Real Estate and Chattel 

 Mortgage, and included elsewhere under the 

 head of Real Estate Mortgages, .... $1,475.00 

 Net Chattel Mortgage debt of the Township, . $6,627.07 ' 



1 The figures presented here are those as shown by the books of 

 the county clerk of Hall county on the first of September, 1892, 

 and include all mortgages filed since September 1, 1887. Mort- 

 gages filed before that time are invalid, being outlawed by the 

 statute of limitations. 



