An Item of Extravagance

Pacific Press Publishing Association · Mountain View, California · Sep 20, 1910

FromSigns of the Times, Vol. 37, No. 37.

An Item of Extravagance

An Item of Extravagance.—According to a table compiled by automobile firms California stands the second state in the United States in the number of its machines. New York State has 60,000; California second with 35,000. In Minneapolis it is said that one automobile firm holds mortgages on 1,500 homes; and the mortgages placed on homes and other properties for the purchase of automobiles in that state is said to be $4,000,000; while Nebraska has $9,000,000 in mortgages based on automobile purchases. In Kansas the estimate is $4,000,000 in the last three years. Money scarceness in Iowa is charged to the same condition, which shows to what the era of extravagance is leading, and there is certainly coming a harvest-time.