The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1890-05-09
AN OLD DEMAGoGY PREvARICAToR
WORCESTER, Mass, May 5, 1890.

! WORCESTER, Mass, May ,, 1871.
Editor Eagle, Wichita, Kan.
Dear Sir:-I send you today a Boston
Advertiser containing some very strong
statements made by General Butler, re-
| gardlng western gdgeS-that they
viii never be paid that whoever offers
| them for sale are swindlers and scoundrels,
etc, endeayoring to rob the unsuspecting,
etc, etc. Previous to this time and with
an experience OF over twenty years in
western loans as an investment, | had
never held a security which-year in and
Does the hero(:) of the Dutch Gap canal
| simply lie, for an object, to gain nOtOriety
l suppose, or is what he says the truth?
! Please reply through your daily EAGLE as
/ see 1t every day. Respectfully,
Z. NJ. c.
General Benjamin Buffers declaration
won't apply to Kansas, and we believe it
is a falsehOod as to any other western
state. But such a premeditated and
emphatic lie coming from such a man
can not be set at rest by a simple denial,
if at all; it remains, however, none the
less contemplate and mean. If that
! notorious old demagOgue had closed his
! eyes and thought for month he probab-
! ~ could not have concocted a meaner or
more damaging falsehood. At no time
since the speculative craze swept over
the west when everybody mOItgaged on
| general principles, were those evidences
! of debt wiped out with such rapidity as
! is being done right now. One banker in
a southwest Kansas town who has been
handling realty mortgages, informed US
hot civ Il 10
! per cent Of the mortgages of which he
had had control had been cancelled and
| that he now held on certificates of de-
post nearly seventy-five thousand dol
lars of surplus money, every cent
of which belonged to the farm
erS of his county. The president
of one of the largest, if not the largest,
as it is certainly the Oldest loan and
mortgage in the city of Wichita, in
formed us on Monday las that the COM
pany did not have single defaulted in
| terest in all OF their long line of notes
secured by mortgages and that every
mortgage held by them was as good as
gold. Mr.. c.. Wood Davis, of this
county, the gentlemen who contributed
two articles to the last two numbers of
the Forum on a kindred subject, and
who is an accomplished statician,
promises that he will in the very near
future furnish the Boston press with a
complete refutation of that old cock
eyed bullys gratuitous and uncalled for
SANDER, whom we suspect has been
''done up" by some rascal slicker yet
than himself
The paper referred to by you has not
yet reached our table, but we have no
hesitency in saying, and from an ex-
perience and observation covering thirty
three years in the west, that no better or
more satisfactory and safe investment
can be fonnd than are Kansas, Nebraska,
Iowa and Missouri realty mortgages, on
the average and taken just as they run.
Even where agents have made the mis-
take of making the face Of the mortgage
too close to the real value of the prop
erty, the steady growth and development
of this the greatest and most favored sec
ton Of the continent, renders the invest
ment safe in the end with not one chance
in fifty of having to take the property.