Wichita eagle., 1888-12-12
WICHITA IN THE EAST.
The Estimate in Which the City is Held
by Capitalists and Investors

In the annual report for 1888 of The
stockholders committee of The Farmers
Loan and Trust company of Kansas, JUS
submitted to the company and published
we find the following reference to the
present condition and future prospects Of
this city. The report is based upon in
formation gathered by tie committee
during visit to the city about six weeks
ago made for the sole purpose of ascer-
tanning the true condition of its affairs
and is not based upon information gath
cred at haphazard or hearsay. Such
statements as this, made by shrewd in
yestors who are sent out to investigate
the exact situation for the guidance of
the organization they represent and
others who may be pecuniarily inter
ested in knowing the facts, go
further to establish a city or
section of country or state in the public
confidence than the strongest eXparte
statement that could be made by any
one Of its most widely known citizens,
whose statements would not be ques-
toned by anyone who knew him touch
ing any other subject. Another point
Of the great Importance in fixing the
city's rating in the money centers of the
country, but not referred to in the sub
joined report because the facts were not
known to the committee at the time the
report was submitted, but learned by the
committee since the arriyalin the city of
one or two of its members within the
last day or two, as the writer is assured
By Mr.. Gould, the chairman of the COM
mittee, is that the city has practically no
bonded Indebtedness hanging over it and
Is Il consequence its tax rate is reduced
to the minimum points, MIR. Gould says,
Of perhaps greater value to a city in
the estimation of investors than any other
that can be advanced But to the report:
"Wichita, the Peerless Princess
as her enthusiastic and admiring citi-
ZenS delight to term her, is not
by any means in the stagnant condition
we expected to find from the unfavor-
able reports scattered broadcast, through
the envious rivalry of some and the
rancorous malice of others. 1t is true
that rampant speculations in lots and ad-
ditions far removed, in some cases miles
away from the center of population and
business, has come to a perfectly just,
although inglorious end.
Laying out city on a wild Kansas
prairie TO cover a territory equal to that
expectation of immediate success, was g.
ltrl L. l.
lied by the Intervention of a miracle
similar to that which caused the rod of
Aaron to bud. blossom and bear fruit in
a day. We believe, however, that Wich-
tia property inside the limits is sound.
She has census of about forty thous-
and, and enjoys the reputation of being
the most populous city in Kansas.
Many of her buildings would be credit
and an ornament to any city; among
them we would especially mention the
block in which IS situated the board of
trade and the new opera house. We be-
live her prospect is good, though
natural situation and Transports
ton facilities eastern rates of freight
being the same as to Kansas City, her
only rival, two hundred miles north, to
cantrol large share of the trade of
Kansas, and especially the new
Oklahoma country, of which we hear so
much, and into which thousands are
to push at the first favorable
The new Burton Car Works have re-
Gently erected magnificent plant at
Wichita capable of giving employment
to hundreds of workmen. They claim |
to have two years work in sight. Jacob |
Dold & Son, an immensely wealthy |
house of more than forty years |
At Buffalo and Kansas |
City, have just con pleted the
finest packing-house in America.
They commence operations at once.
These two large concerns when in full |
order ought to give an impetus
o business which shall be lasting. 9th
n manufacturing industries are being
developed which add materially to the
'esources of the city. After careful
examination of many loans made by our
company, your committee feel them
selves warranted in the conclusion that
We have no reason to doubt the general
character of our investments there, or
he future of this enterprising city.
General Mat Ransom is not having a
in North Carolina" notes the
augusta (Ga.) Chronicle. The Farm
rs Alliance has put up a candidate for
he senatorship in the person of S. B.
Alexander, prominent young planter
md politician. Then the Hon. Alfred
Il. Waddell, the ablest man in pnblic life
n the old north state, has a strong fol-
owing. Back of them is Ex-Governor
arvis, who has a three months leave
rom his post as minister to Brazil, and
will take hand IN the fight. He is a
road statesman and popular man, and
next to Zeb Vance, the strong
st man with the people in that state
Unfortunately King Caucus will settle
he rivalry between giants so that the
minority party in the legislature will
ave no show to elect any other than the
arty nominee. The political drift in
he turpentine state, however, is in the
light direction and she will get there
fter awhile.
OF the retiring governor of Illinois,
'ncle Dick Oglesby, the Cincinnati
commercial Gazette SAYS: He did
OF wish the office any longer. His
bundant head of white hair, like
reat snow-bank, his clean-shaven ex- :
ressive face. broad shoulders and tall
orm make up a personal appearance that {