The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1890-03-19

5w Df1fVU vNmRr = Yexnwrvmn
: 49, . q - : ~ - 1sks 80
! 1n141xn vrnr-n1v $50 =
N9xoxnxu pAnm uor~oAowa.
n. !. - s. - 49, - wnen N Dense
,s.s.'. - - = MAKE podsacal
! 1.s' -. : soEaaeots arrsy q ngnrss
:. :l.'.1'! - essns - which Western
sz.lz J. - - eFsgneed. ms journal
.'.s. ) ssss ne ngufse, cor
B.. 3. & ~ y. nsans sustained ~ Assump-
49, - - anos0ed proof q rsxogrss-
- npovsf1shmsnt. - was eiainssd
- refnded sssn-
sesnee frosesscf James WINS
~, p 20 1svsA for March, pro-
s. "a. .. - - esesnly cuiied ssststfcs
s }. - nee0 - sustain IL position
lzl lose SakD = thses coaumns, and
8! :! J - - naoss inpssssfve beesuss o.
,. l. q - ~ fslass chisny - NJ stafs
kons1s, which has bssn fsvorite point
- - vssifaaas fsw-hsad-snd-
soones - sosee w0uId-ce panic
s 80 b.
8 eeeos 0ieed has found II practically
- - seeeFtain he sxaes amount
- boon fnssseed II The west on
seeee eoeufittss, but eoncedes that II
- enesmous- He quotes i've mort
- componiss It Topeka, who report
- Mnde ~ thsm and stsa outstanding
sA anount 70 S220oo,0O. OF which 80
- eenk No. bssn invested In Kansas. and
~ eompenies IN Kansas CITY, No., report
pW outstanding. which y dissriD-
4 - throughout dozen Western states.
- ngurss certainly Imply trenen-
- total indebtedness In the section
ned
3nst Ike or anywhere near IN approx
nete Indebtedness In older states, incurred
nse3 Ne borrowers hnd besn producing
md importing for years, would suggest
tnoeucy q loss and impoverishment.
NoQao = undeniabie. But this money has
- cateoy used IN the creation Of an en-
- 1nousands of cities. towns and VII
- havs bssn built by means Of this
Mensys sssst army Of isborsss having
en employsd In consequences Railroads
~ ths thousands Of milAs have been con-
eefuceed o. extended. Millions Of acres OF
lind havs passed from public 70 private
ewnssship. and have been brought into
1eo9tabls pfoducstvensss. Mining and the
eaftas industry have been enormously
aelmulaesd and developed. In al Of which
- money represented By this formidable
nnosegaGe account has been vital Gle
menk
Ao fair estimate Of the bearings Of this
nm mortkase question can Be inside with
90 considering IN connection with II the
xelasions bsewssn TAXABLE values in former
yeefs ana now. A record Of depfeciating
vakuee would Indicate that The loans had
- mads ~ thoss who were compelled
NneIeeo ~ stren q losing business. A
neAlthy appreciation would Indicate that
- ioons hed psen Obtained Tor wise and
outaose use. The record In Kansas II
eonelusavs on this point Dropping frac-
49, end using only round numbers. the
valneelen g lands y Kansas has risen from
oxsy-nve millions IN $50. 70 two hundred
10 toeU-souf millions In issa. The psr-
eenel property valuation was twenty-sevcn
maulone y 70. and hfty-seven millions in
6aiIsoad valuation was twelve mill
- = ~ 80 dfty-three millions In 50
~ eoeN vnIuauon q property on the tax
eou g n 1870 was vi. 6a5 ,e6d tn 1870; Il
Wes -. oo5.Oo0 IN lSsa
nut g = ssAssd That the relation between
sexaole and actual values In Kansas Is
ee0ue - ono 70 four Therefore the total
g property ~ the state. actual value. was
~ -, AZ In ls70. against 81 AZ. SO. 100 in
le06, gain q u. oSs. CAT Ia. or nearly 800
pr csuk In The eighteen years. Beside
shis bowildering record Of values increased
and created. how inaienifeant appear even
The most exag9sfated estimates Of Kansas
lasm and other mortgagesi
IL b safe 10 say that bat for the assist
oneo due "a The accumulation Of capital In
~ Atlantic states and elsewhere. which
essistance took the form OF mortgages. the
increase Of property and appreciation OF
vnlues In Kansas during the period named
would not have reached onc-tenth OF the
proportions above given. Seven hundred
millions at least Of The present property
within he state Of Kansas has been Gre
nkna he tina unn az bosrowed rnonsv which