Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1888-12-27
AS REPORTED BY A PROMINENT
EASTERN CAPITALIST.
Mr.. William G. Dacey Talks Of
Wichita---It'S Present and Fu-
ture and Its Reputation
Among Capitalists.

! one needs only know thaC ne acts III the
| line of his conversation. He was heard
speaking to a friend yesterday about
! his experience in Wichita and
as caught from the vibrations of the air in
an adjoining room was something like
this: Eyes, | came here about three years
ago. Had heard of Wichita, but OF course
| had not thought for a moment that |
would ever become so attached to the city
or southwest. l remained here some time
and every day could see more in the city,
more for the future, until at last | was
firm enough in the belief to risk my
money on it and advise my friends to
act in the same manner. 1t
needless to say | never regretted it. When
had returned east, the first time | had
some difficulty in getting my friends,
some of them at least. to believe as did.
The best way / found out from experience
to get man to have the proper estimate
| of city or business proposition IS to let
him become thoroughly acquainted with
the facts. If the city is all right 1t don't
| hurt to have your friends to see. etthem
/ to come and remain as long as possible,
| ten days is better than "A week, take them
out in this rich county let them see the
| foundation for all this building
and business and then they can believe.
So as often as / could l would get some
one co come out here, and coming was see
ing and seeing was believing and believ-
! ing business From the time | made up
my mind as to the future of the city have
not even doubted that was correct-never
had a dream so wild that limited Of any
mistake.
The last one or two years has been worth
more to this city in the east than all the
others put together. When l say this L
mean that among the money men
in this time they have gained
more information of the city than
they ever knew before, and as re-
suit it has and will be great benefit. The
wonderful boom attracted great attention,
of course. and when real estate quit chang
! ing hands so rapidly and legitimate bust
ness kept on growing and the downstairs
rooms vacated as real estate quarters for
! business of another character, the eastern
people could commence to understand
that there was really something out here
besides hurrah and town lots for sale. The
! fact that the city went through such
boom without any crash which so often
! follows has attracted attention among cap
italists. As result | find that prominent
loan companies and insurance companies
of the most conservative character are be-
ginning to want to put money here at low
rates of interest. They are beginning to
come here with their money, offering for
! figures that reminds one of eastern prices
| in old established cities This fact alone
constitutes a very important chapter
! in the growth of any city.
! OF all the western cities
! it took time to get the money men and
money handling corporations to investl-
| gate closely before they would allow in
vestments, and of course until this is done
city has not reached the last critical
period. This established as it has been in
Wichita, and a great point is won. was
very much pleased to see this change, as
set it down as meaning that
that the capitol of the country is not
afraid to come to Wichita and that wings
employment which in turn calls for
people"
1T is my Judgment from what | can OBJ
serve that the opening of the packing in
terests in this city was one Of its most i'm
portant moments as being the date of one
of its greatest victories This had a Won
derful effect in the east and of course
it was in the line of benefit to
the city. People are willing TO concede
that the southwest is a great country and
| it productiveness calls for volume OF bus
| mass and that as the country develops
business increases. They are also begin
ming TO see that it would be much handler
and more convenient to have supply
point and day nearer to them. Then just
as soon as Wichita can handle the business
of this vast country just so soon will it be
on the wide road to final victory and ever
! lasting greatness. See what city
when the farmers products were allowed
to be handled in other states. What an
increase in trade and business If this i'm
mense volume of trade is caused to stop
here. The packing house trapped 1t;
| Whitaker will trap it again and it viii be
trapped again until all will be turned in
| Wichita's market which translated ac-
cording to plain business rules means a
city without a flaw
1t is much easier to get men to come
here now than it was even few
months ago before Dold commenced bust
ness. Why don't you observe prominent
men dropping in here taking in the city
! for day or so before they make them
!
beginning to come now of their own ac-
cord. The day will come when they Will
! bring their money with them and go into
! business. This is certain TO be the result,
some Of them are figuring just
| this way now 1t won't be
long until committees and bust
ness men will come west TO Wichita in
| self defense and out of self interest rather
than committees going east from Wichita
| TO talk business Yes, sir, the city has
passed its critical period; it is on better
| foundation today than ever before, and
have more faith IN the greatness OF its fu-
ture than ever before"
| Mr.. Dacey will remain in the city some
days looking after his business inter
ests He leaves this morning
| for trip over the Kansas Midland, and
NAV not return until Monday. Concern
! Ing the railroad which is associated with
his name, he was heard TO say that he was
very well pleased with the business and
| the outlook. 1t being an important road
! for the city and its earnings 10 a certain de-
| gree based on the growth and future OF
| Wichita. he could have no fears.