The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1892-03-03
IT IS A QUESTION OF BUSINESS.
From the Topeka Capital

/ FROM the topeka capital
| For many year the tide of immigration
| towards Kansas was uninterrupted.
| Every family that came to the state
added consumers and most Of them be-
came producers. Many of them came
! without capital. depending upon the
rich soil and generous harvest to
! clothe and feed their families. A small
! per cent. of the population of the state
| brought with them the money to buy
lands or to begin business. With the de-
yelopment came capital to loan to the
settler and the business man. 1t was
| needed to build homes and fence farms,
it was needed for agricultural nipple
ments and to buy cattle to eat the
| wealth OF grass going 10 waste every
year, and the grain produced on the
new farms. Thus with the growth and
development and prosperity OF the new
state grew its debt of borrowed money.
Bridges had to be built, rail-
roads secured by county and township
subsidies, school houses were needed,
court houses and jails were wanted, and
churches and city Improvements re-
quired more money than the new state
had to expend. 1t WAS borrowed, and
bonds and notes and mortgages were
given to secure what we had not. The
era of speculation came and hundreds OF
thousands of dollars were borrowed to
build houses and buy more lands. This
was a natural cause in new country
yet too young to create the wealth for
its own development. 1t did not have
this needed capital to make all improve
ments with and it borrowed it from
older communities, where the surplus
has accumulated for hundred years.
A general business depression, reach
ing from Massachusetts, to California.
settled upon the country. Trade and
manufacturing languished, and to in
crease the misfortune two or three
failures of crops followed for the
farmers of Kansas. This brought
halt. All immigration ceased. A brood
of political theorists came to the front TO
prove that all the trouble arose from the
legislation of the Republican party in
the interest of the money loaners. People
forgot how poor they were when they
came to Kansas, and hailed the new
prophets of evil who offered them way
out by special and class legislation. The
inability to pay mortgage debts Is
charged upon the Republican party.
The new political leaders demand more
money as the panacea. The original
necessity for money with which to I'M
prove the farms and to speculate IS for
gotten. Imprecations are hurled at the
money loaners and the government.
And thus in the midst of general tinan-
oial depression following successive bad
crops, the demand for extraordinary
legislation, state and national, stops the
flow of money towards Kansas. Upon
the wall of calamity and demagogy
new party secures majority of the legis-
lature and elects United States senator
and five congressman, all filled with the
craze of fiat and the widest schemes of
throwing the responsibility of release
from debt upon the general government.
This success of calamity politicians stops
immigration and AL money coming to
Kansas. Every dollar the investor can
draw from his state he demands. In the
halls of congress the five congressman
from Kansas, whose reelection depends
upon keeping up the story that Kansas
is in debt beyond redemption and under
The iron heel of the money plutocrat, as
they say, make daily proclamatious TO
the thousands of the east looking west
ward for new homes, that Kansas is not
TIE DItICS 10 CUHlS W. 1btSe DldIdHO
demagogues can only be reelected upon
the platform of calamity and misfortune,
and it becomes matter of self interest
to them to misrepresent their state and
thus keep out capital and immigration.
Their wild financial schemes make the
people and the state to which they are
accredited the laughing stock of the
nation.
Kansas will never be as prosperous as
she deserves to be until the people re-
move the cloud from their title. That
cloud is the success of calamity politics. |
Give Kansas Republican victory, let it |
60 out to the world that fiat and all the
legislative schemes of the
Peoples party have been relegated to
the rear, and the once splendid credit of
the state will be reinstated. Money at a |
low rate of interest will again pour into |
the state for investment, and the state |
fulfill the great promise of her future.
The defeat of the Peoples party with /
all its heresies in finance and its idiotic /
attempts to overturn all established |
methods of business is a business neces-
sity. Kansas will never prosper until
her credit and good name have been re-
established by pronounced Republican