The Kinsley graphic. [volume] (Kinsley, Kan.) 1890-1940, 1891-09-04
MOHLRR, s lfLssTATElEENTs.

IT seems from a dispatch published in
y yesterdays issue of the Kansas City
Times that Martin BfchIer, secretary of
the state board of agriculture, has
been travelling through the eastern
states attempting to boom the eastern
part of the state at the expense of the
western portion. The dispatch states
that ito capitalists he explained the
difference between eastern and western
Kansas, and showed how uuscrupu-
loUs persons had succeeded in borrow
ing large sums of money on land in the
extremely western portion of the state
which was almost valueIess. He
cautioned them to be careful when
negotiating loans In this state, and to
| see that the securities offered were not
located in unsettled counties. Eastern
Kansas, he said, was as soEsa, fnan-
cially, as any of the eastern states, but
western Kansas is as yet undeveIoped,
and not entitled to the credit which
belongs to an old settled country"
According to the secretary's notions
as thus expressed, money should not
! be loaned to the inhabitants of an
undevelOped country, but only to the
farmers living in an sold settled, fnan-
eially solid country"
The question naturally arises, why
should the farmers Of such an old
settled, financially solid country need
to borrow money at all on their iandsY
A prosperous farmer in an old
| settled country should have money to
/ loan instead of being compelled to
borrow. 1t is the "undeyeloped"
country which requires capital to
develop its productive capacity, and
it is in opening up new countries
that capital receives it's greatest re-
wards.
Capital, If judiciously invested in a
new undevslOPed country, besides pro
ducing greater returns, is more safely
invested than it generally is in an older
community. The money obtained by
the borrower is in most cases expended
in the erection Of buildings, fences and
other Improvements upon the land
HloFtgaged to secure the loan, and its
value is at once materially enhanced
and its productive capacity increased.
Notwithstanding the failures of
! crops that have occurred not only here
but all over the state the last few
! years, nineteenth of the loans made in
western Kansas are safely secured,
ana the holders will not lose q penny
OF their money if they have sense
enough TO hold on Co their securities
and give the farmers who may be
behind in their interest q reasonable
opportunity TO pay out; and the secre-
tsry Of agriculture, if he is unae-
quainted with these facts, ought to
visit western Kansas once every few
| years,5e inform himself rs 20 the cOndi-
ton Of this part OF tbs state before
! spreading such misleading and detri-
mental reports throughout the east.
/ As 3 matter OF fact, central and
eastern Kansas has better all round
crop thie year than the eastern part of
the state, as the excessive rains there
seriously injured both small grain and
corn.
Even ia the comparatively few cases
where money was obtained and not
lexpended in making improvements on
the land. tbs land itself VIII, in a very
short tine, De worth far more than
the amCunt OF the loan made upon it,
by reason Of the cultivation and
Improvement of adjacent lands.
Ths fact that q Jew men have OBJ
tsined loans upon their lands, and
i then abandoned thea and left the
EoountEy, Is not sufficient reason for
tdanoaneing a whole COMMUNITY as
unworthy Of credit. as it seems AlohieF
has been doing.
eenttenens Gail on +. spiegle fOs 9