The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-06-01
BUSINESS.
The Essential Contingent Conditions Thereto
and their COrreIatfve Bearing
Upon Wichita.

| CIdl1geS Oh merchandise are eHeCBed. AL
| excess of this medium means active bust
ness and active speculation. A deficiency
means restricted mercantile operations
and is death to speculation. Therefore il
| Is interesting to know what is the present
financial condition in Wichita and what
does the future promise.
1t is a matter of pride to US all that at
no time in the last three or four years have
! our banks failed to care for all Legitimate
demands for money, and they have stood
as firm as a rock with no suspicion Of
doubt as to their soIvency, and in the
eighty days ending May II, 1890, the de-
| pOsits Of the five principal banks have in
| creased $3.50, 600 and for the same time the
| loans of the same banks have increased
only 81 600. The thoughtful mind will at
once realize the Importance of this state
ment.
| The other banks in the city, it is under
| stood would make as favorable showing
and like healthy condition exists in about
| the same degree in the banks of the -four
ishing towns tributary to Wichita
Alter all, the real permanent prosperity
OF couatry depends upon the creation of
! values inthat country, and as this increase
OF deposits Is derived from the sale of our
surplus production, it denotes a very
healthy condition and leaves no greater de-
mand for eastern money than at present
exists in Ohio or Illinois.
business centers itself at points where It
Is most convenient in time and distance to
the country surrounding the center, pro-
Vlded the enterprise, capital and freight
facilities are favorable, and without any
manner OF doubt whatever Wichita meets
all OF these requirements and there is no
point the country over, 50 favorable to all
Wholesaling, manufacturing and distri-
butlng as Wichita. Why, talk to those
now engaged in these lines, or their trav-
cling men; they will not only say their ex-
perience in the territory they reach is
that many other lines could and should
be supplied from here but they are quite
unable to supply the demands in their own
special lines. However, they are all busy
and making money. The extent of the
business of manufactures like jobbing
houses is only limited by their capital, but
hardly a week passes by that some one
does not increase his facilities or extend
his trade, and it is a fact that there are
now several promising manufacturers,
JObbers and distributing houses arranging
to establish themselves among US.
There is also a much more satisfactory
condition Of the mortgage business than
is generally underst God. From Informal
ton furnished by our local companies it is
learned that maturing loans and interest
coupons are being paid quite freely, greatly
encouraging the lender and gratifying to
the borrower, and in this connection the
prediction is ventured that when the sta
tistics of farm mortgages of Kansas are
correctly furnished it VIII astonish the
champion mortgage liars and their dupes,
and, furthermore, those same statistics
viii show that there are no real estate
loans made in the United States on more
conservative or safer basis than those
made on improved and productive Kansas
farms
1t may be interesting to consider some
of the bearings the consolidation of the
Santa Fe and Frisco railways have on the
interests of Wichita. The president of the
Santa Fe has assured several members of
the Board of Trade, and other citizens,
that under his management the great sys-
TEN would be run for the stockholders,
which can only mean that all favors
granted viii be in proportion to, and on
account of business furnished by the road.
As strange as it may appear such a
policy is almost rare enough to be unique,
but there can be no doubt as to the inten-
ton of Mr. Marvel, aud as that policy
means much to Wichita, we are to be
congratulated.
1t is a fact that there is no single point
b,
tia, nor that furnishes it as much bust
ness in dollars and cents, or in tons, that
at the same time has as many and as i'm
pOrtant lines of that system.
Just think of it. A few miles connect
ing the loose end of the Wichita & West
ern with Dodge City, Will give a through
line from St. Louis to San Francisco via
Wichita, which viii be no less than sixty
miles shorter than by any present route
between these terminals, and then we are
on the through line from Kansas City to
via. Fort Worth, to the Pan
handle of Texas in the southwest and to
Kansas. Then we have the
connecting with the Union Pacific
on the north. All of these great trunk
lines belong to the great Santa Fe system
here, making Wichita the most important
center in the system as above stated 1t
Will pay this vast system having so many
and such important lines centering here to
deal with us Justly, and with just, fair
treatment, based upon business principles
which includes the stockholders interest
quite as much as that Of the customer of
the road, we have nothing more TO ask, as
our surroundings and the energy of the |
people, will enable US to build up a great |
city.