A Georgia paper thus describes the peculiar operations of a mortgage company : "The Freehold Land and Mortgage Company, of London, sues Walter A. Base-ley, Jr., of Greene Co., for $2700. This indebtedness was created in June, 1882, at which time the defendant borrowed $2500 and gave his notes for the principal and interest. This money was payable at the Corbin Bank of New York, and by the terms of the agreement the notes were to be declared due at the pleasure of the holder in case the interest was not paid within thirty days after it was due. The notes have interest coupons attached, like the coupons on bonds. It seems that in this particular case the $200 of interest became due November 15, 1883, and was not paid. The debt to the company is secured by a mortgage on 520 acres of land in Greene county. As the company is a foreign corporation, it has the privilege of bringing the suit in the United States courts, which it has done. The above suits make the beginning of an era of untold misery for the people of the State. About three years ago these companies set up business in Georgia, advertising most extravagant inducements to make farmers borrow money. Thus, on $3000 worth of property perhaps $1000 could be borrowed.

From this $1000 would be deducted $200 by the agents for commissions, etc., and upon the nominal $1000 8 per cent interest had to be paid, and the money had to bring in five years' interest, no matter whether the borrower wanted it that long or not. The real interest paid is 14 per cent. Having got the money and lost it, the borrowers now find themselves in the hands of sharks, who will mercilessly push them to the wall in the Federal courts, to attend which many of the victims will have to travel loo miles. Thus within another few years there will be witnessed a wholesale eviction of farmers, with scenes rivalling some of the stories coming from Ireland".