Borrowing and Lending in Early 20th Century Salt Lake County
Chattel Mortgages
From the 1920s through the 1940s, the Salt Lake County Recorder officially recorded what were known as Chattel Mortgages. In these Chattel Mortgages, people would mortgage personal property in exchange for a loan from an individual or a business. Common items of value mortgaged in these arrangements were livestock and farm or dairy equipment. The listing of these items was often very detailed, extending to the names of the individual animals and drawings of brands or earmarks that distinguished each animal.
Chattel Mortgage documenting the earmarks of sheep included in the mortgage.
On April 10, 1934, Pearl Thurman, in order to obtain a loan for $2345.00 from Sam D. Thurman, mortgaged 25 cows:
Next: Sources of images used in this exhibit
|
