The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1873-01-31
From the Kansas Farmer.
MONEY LENDERS WANTED.

An esteemed correspondent, in
renewing his subscription, submits
the following.
"Do you know of any way to
induce capitalists to come into
this Montgomery county, to loan
money at fair rate of interest
I24 or 15 per cent? Money loans
at % to 80 per cent, and some men
have borrowed money to enter
their homes, expecting to make it
on their corn crops, but have failed
to do SO on account of low prices.
If there is not something done, /
am afraid the country is gone up.
If you know of any capitalists that
we could get to come and loan
money at a reasonable rate, and
how we could introduce them here,
we would like to know it. We
have got a good country, and can
give good security"
Nothing could be more pleasing
than to poiat out the means of re-
lief from this condition Of things,
from which nearly the whole State
suffers in common with the locali-
! ty of our correspondent. High
rate of interest is consuming the
vitals of every industry dependent
upon borrowed capital. The trou-
bic is too deep seated for removal
by the Importation of money
lenders, or any other temporary
expedient.
It is unnecessary to say that no
farmer can live who pays twelve to
fifteen per cent. interest on the
purchase fee of his farm, or the
capital used in its cultivation.
Hence, farmers cannot borrow
money on real estate security,
even at a much lower rate of in
terest than the business man Sc
cures it for on his own commercial
paper. No one better than the
capitalist knows that money loan
cd on farm land will remain per
mauent investment, until such
time as the owner finds cash mar
ket for its products at living
advance on the cost of producing
He knows that unproductive rea
estate is the poorest possible in
vestment, and that nine-tenths o.
. the lands offered IN security fol
, his money are absolutely unpro
T ductive in everything save taxes
Our condition is an unnatura
as well as an unfortunate one. Tn
tide of capital is ever ebbing, and
never flowing. Every article ant
implement of necessity, comfor
or luxury, is imported; and on
l money goes out in che very tracl
: formed by this incoming supply
/ Our friend, we venture to say
|. wears boots made in Massachu
II sets, by Massachusetts labor; hi
clothes are from Eastern clotE
? made by Eastern hands from West
ern wool; he sits in q chair, eat
, from a table, and sleeps on q bee
u stead made in the East, an
l. brought to him, at cost of trans
; portation and middlemen's com
Il missions, equal to their origins
{, cost. The sides, floor and roof
"a his domicil are of imported lun
a Der, put together with importe
= nails, driven by q foreign mad
hammer. Its doors, sash an
blinds, il he has any, are made
z Chicago; and we are enabled
> tell the story by the aud OF Gil
K cinnati paper, New York type Al
to 8 Chicago printing press.
is The backs and mouths OF
lis this vast army Of artists and art
in ficers, who administer TO our tast
,st and wants, are 70 be covered a
= filed at our EXPENSE yet they q
:, so far removed that nothing
- raise o. make can be used Tor tn
% purpose until trade and CONNER
TN have each exacted their pound
ar flesh from the lean ribs OF the pi
81. ducer, for its handling ana trar
M portation.