The banks may buy up mortgages and advance money on current account on the security of land or buildings.
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.
The development of the large cities has induced these banks to turn their attention rather to building enterprise than to mortgages on rural property.
