The Press., 1888-02-09

| that might be likely to unload short time borrower npon an eastern investor through a loan on his farm. In word, it should not be an individual, firm, or balk, that offers suspicious rates, appealing to the credulity OF avarice of the pubic, virtual ly asking it to wager the amount of the loan that 1t ia safe. There arc several in- stitutions that have been incorporated for the proper conduct of this business, and, in proportion to their financial strength, they are as much entitled 10 the confidence of the public as the First National Bauk or the Chemscal Gatonal B nk of Now York, inast0nch as the business in which they are engaged is legitimate department of banking, and no new thing or experiment, but the natural outgrowth of gradually changing conditions and their usefulness has been appreciated by liberal patron 1 age of the pubic. ss4r
 One hundred years ago this very mouth Gen. Rufus Putnam conducted westward the march of the Obi Company, whose comprehensive plan and benehc-nt pur- poses were the fruitage of the scholarly and philosophical mind of Manasseh Gut Ter. There were prophets of Ill omen I then, as there ever have been and ever will be, who characterized the enterprise as "Putnam's Paradise" and "Cutler;s Ln- dian Heaven. Notwithstanding all the ridicule and croakiug, however, the Camp us Martins, " the first home of the pioneers, was built, Marietta, Ohio, was located, and the western reserve began it's history with such men as Benjamin Tupper, Samuel H. Parsons, Winthrop Sargent, Ebenezer 1 Sproat, Hatfield White, Return Jonathan Meigs, Arthur St. Clair, James M. Varnum, Abraham Whipple, aud Manasseh Cutler. Within this one hundred years an ex- haustive examination will show that the | fathers and sons of the east have loaned 10 their sons and brothers in the west up- wards of $500, 900, 900 of money, receiving for its %tlse from one-half more to double that Obtainable in the east, and with such scrupulous care and regularity has thi, enormous principal been returned, that the fathers and sons of the east are today loanlng more money to. their sons and brothers of the west than ever before But while the money of the east has been 80 safely and proftably invested, the use of ltin the west has been only the second factor in turning the great states of Ohio, Indiana, Michigan, Illinois, and Wiscon- sin, and with them Is now turning Iowa, Missouri, D .kota, Nebraska, and Kansas into one mighty agricultural garden. h. deed, through the wealth of the east the
  ward at least fifty years. While the far sight and prudence of the east will always impel it to send It's money west, to share in the profits of its great prosperity, its warm sympathy, growing out of parental affection and brotherly love, would not withhold it should there ever coms an hour of diversity.
 But from the present prospects such a time will never come to a great portion of tue agricultural west as onr relatives throughout the great states of Ohio, Indi. ana, Minnesota, Illinois, Wisconsiu, and had almost said Iowa, have by theirener- | gy, intelligence, and strict integrity! and through the fertility of the soil, not only quite paid of the enormous debt they once incurred at 10 per cent intere t and up wards, but have created sinking fund, which in their own hands has already brought money almost to an eastern level. The great states of Minnesota aud Dakota (entitIed to statehood), Nebraska, Kansas, and Texas, within whose borders 12, 900 miles of railroad have been built within the past year, almost absolute proof of limitless agricultural wealth, with soil and climate unparalleled by any other section, and citizenship second to no other in the United States, can use eastern capital a' Boou raCes WAIu A larSe PronI to tnen- selves.
 So vast and enormous have the transac- tions become that here, as in all other lines of commerce, organization has been the | outgrowth of necessity, and the financially sound, honestly and capablv managed in vestment companies in land credit bonds, will not only prove reasonably profitable to the stockholders, but will bring to the doors of eastern capital an absolutely safe investment with good income, while they secure for the west the much needed capi- tai incident to marvellous development
 New York, January r. CHAs. N. FOWLER.