Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1893-01-26

The action Of the Populist legisa-
ture is already being felt in Phillips
county. An eastern firm who has
been loaning thousands of dollars in
the county, was foreclosng on farm,
when the owner hustled and borrowed
money enough to pay back interest
by this he thought the loan company
would renew the loan, when he was
informed by the loan agent that his
company would not loan any more
money IN Kansas while the state had
two legislatures -PhiiIpSbWg Cor
respondent IN Atch5Son Champiom
viii the party who sent the above
calamitous wall to tho Champion
read the following from THE United
States InceStor Of Boston, the leading
Investment paper Of the United
States;
The year just closed has been one
of peculiar features IN investment
circles of Kansas. 1t has been the
second tweivemonth Of the up grade
after the dizziness OF the boom period
and its Immediately succeeding de-
preston 1t has not fulfilled all its
promises but it ends with the state in
better condition financially than be-
fore IN nearly Il decade The year
has been one OF conservatism, Of Top
ping of OF extras, Of struggling for Il
tirmer basis. The cities that have
laid out additions IN 1892 can be
counted on the fingers Of one hand.
Nearly every town in the state has
moved some buildings from its addi-
tons into the city, condensed and
concentrated its business and resi-
dence area, and gwen up some of its
spreading suburbs to corn and wheat.
The towns Of Kansas are improving.
The prediction made by the I@UeStor
two years ago that the then discour-
aged holders of municipal invest
ments in this state would, if they
would be patient and hold on, realize
upon their securities handsomely, is
coming true. There is no reason
why the well located city property Of
Kansas should not be considered as
reliable and worthy Of confidence as
the farm property, aud 1t viii be.
Things are coming It's way and the
lO6 county seat towns Of the state
with many others, not the seats of
county government, will hold their
own with cities Of their size through
out the nation.
The farmers Of Kansas have had
successful season, aud ii any of them
have failed to keep the interest pay
ments up it has not been the fault Of
the crop condition. The state has
raised the largest crop Of wheat in its
history. Oats, rye and the smaller
grains generally yielded well. Corn
was in round numbers Of bushels for
the state about the same as 1891, but
some sections had a very light yield.
To be sure, prices of wheat and oats
have been low, the former nearly 70
cents less than year ago; but re-
ports from local banks and merchants
throughout the state are to the effect
that the year has been exceptionally
prosperous, Court records show
decreasing number of foreclosures, an
Indication that the crop OF that kind
of legal process from the sowing Of
mortgages in boom times is nearing
the end of It's harvest. The farmers
are prosperng as they have not done
IN some years. Interviews with bank
ers and Investment company agents
all say that there are better colIec-
tions, more successful meeting of
interest payments and a desidedly
better feeling this fall than one year
ago.