Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-02-10
A BOSTON BOOMER.
HE MEASURES UP THE CITIES OF
THE WEST.
The Views of Capitalist Whose Expert
ence and observations Are Well
Worthy Of Consideration.

/
gentlemen in hotel yesterday talking OF
| the situation in Wichita. One of them
seemed to be posted in regard TO the Bur
ton Car Works and some other enterprises
here, and the reporter approached him for
pointer. The gentleman said he had
nothing to do with the car works, but
| that if his name was kept from the public
| he did not object to giving his impressions
of this city. MY home is in Boston and |
| am here investigating with view to
| making investments"
What do you think of the outlook"
well, / will tell you; we people down
there know something of the advantages
of this city, We are already convinced
that Wichita will eventually make a great
city. She is favorably located. Her
growth may not be spasmodic in the
future but it will be gradual and Of a
solid nature. This city viii grow as the
great country south and west of here
is developed Did you ever think to COM
pare the country for a hundred miles
around Wichita with that around other
much larger cities in this country?
The reporter told him that the EAGLE
had many times spoken of that.
We'll, that territory alone can support a
city of 2000000 people right here. The
matter of the location OF a great city in
lhis valley, is practically settled. This
city now has enterprises that puts her so
far in advance Of all rivals that there is
not even a possibility that any other city
can ever have any show of contesting with
her for the position of distributing point
for this southwest No great railroad or
III -, FL,
ture think of coming into southern Kansas
without coming to Wichita.
What do you think of the present bust
ness showing? l am perfectly amazed at
what | find here. l expected the business
depression that is common throughout the
country would have been felt much more
severely here than it now is. A great
many men of business sagacity expected
that the present money stringency follow
ing so closely upon your great boom of
last year would cause a crash here that
would involve many in its ruin;
What do you think prevented such
catastrophe?
Confidence, confidence. Don't you know
there can never be a financial crisis in
volving vast interests unless confidence is
destroyed. 1t is matter of fact that the
men who have invested in Wichita prop
erty, and Wichita enterprises have faith in
the town. They have the business sagacity
to know that there is something more
back Of this city than speculation or eli. |
mate. A vast territory which in the near
future will be developed to high degree |
is what is back of this city.
Do you think this a good time to make
investments? I do, and for this |
reason this money. depression is |
affecting as / said the entire country. 1t !
is affecting the Pacific slope perhaps less
than some other sections; but they all feel |
it more or less. This being the case there
will be less money seeking investment this
spring than is usual at this time Of year,
and the consequence is those who have it
to invest will get good profits. This
money stringency will not last long
Money will be put in circulation. Poll
ticians will dispute as to whether it is best
to put this surplus into circulation by
erecting coast defenses, or wiping out the
internal revenue but the necessity of the
case will compel them to agree on some
thing. They are smart enough to know
that every one of their scalps is in danger
if they do not do something to rem
edy this trouble. Any congress
mau coming before his constit-
uency this year, for reelection, and
a stringency affecting the country would
not have much show for "a reelection. He
might claim that he personally was not
responsible, which, perhaps would be
true, but the impression would remain in
the minds of the people that he had failed
to remedy the trouble Times viii soon be
good and money plenty"
'You said this money depression had not
seriously affected Wichita Why then
Is the present a better time to make in
yeStments on account Of it,"
For this reason. Wichita has usade
wonderful advancement IL material prog
ress in the last year, and real estate prices
nave not kept pace with these solid i'm
orovements. l should hundred times
-ather buy property in town
nave kept fifty per cent behind
progress in all other material interests on
account of money depression, than to buy ,
n town where prices had deprecated 30
Der cent for the same cause. When city ,
yoes right along such times as these you ,
an rest assured that there will no let up
when times are good. | have invested a
rood deal of money in real estate for my
elf and for others and have never made
my mistakes; but am free to say that |
lever investigated the resources of any
ity that in my opinion offers as good pros
,ects for profitable invest as Wichita to-
lay. have given some of my reasons for !,
linking so.
For new town it is very remarkable +.
ity. There is large amount ,
If enterprise in Kansas City and she Will =,
ontinue TO grow, but her growth will not .
We so rapid as Wichita in the next ten ,
ears, for the reason that she has more
Yearly kept pace i'll her development with ,
his great country. Wichita Will not only
.eep up with the growth of this country . {
nut she will bound ahead more rapidly be
ause her development. though veritable
FondeT, has not kept pace with the coun- !.
~ tributary to it. Cities are built where .
he laws of trade demand them. Your {
ailroads centering here, your manufactur- |
az interest SO rapidly developing, your
asst educational interest. and MANY other
linyS that | might mention all point un \
to the fact that Wichita is I
estined in the near future to become f
reat city b