The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-07-16

| TNC years dlIeT tiic pdDlC Vi 1901 values
in all classes of real estate had passed
the limit of any former period. the
/ failure Of Jay Cooke & Co., in 1878,
marked the period of collapse and gen.
eral decline all along the line, including
every form of investment which afforded
those having the cash the opportunity tC
| acquire sudden fortunes, owing to the
conditions requiring many to unload at
any price. In 81 and 80 prices were
again depressed TO point which allowed
investors to make most advantageous
purchases, with results yet fresh in the
minds Of all.
The situation that now confronts us
being similar in all respects, bring with
1t the same opportunities, and it goes
without saying that results would be ex-
actlv the same. The wonder is that SO
small percentage Of the investing pub
| lie are able to see it. Go to q capitalist
with these points and offer him two
dollars worth of propertyyfor one dollar
| and the chances are that it will give
! him stage fright, Or that he viii exhibit
| a case of financial sirabismus which
blinds his vision 10 any inducement even
| if allowed to dictate the terms. 1t is the
one in dozen who knows the difference
between the value of one dollar and ten
who profits by these opportunities.
Touching the merits and certainties Of
the Arkansas valley, it is quite conserv-
a To ionc~ ,,occn1
the experimental stage. That it is to be
the center Of a popuious and wealthy
district is conceded by all who will take
the trouble to examine the official crop
reports of the last ten or twenty years.
That we have suffered at the hands OF
critics and cranks we cannot deny, but
our destiny is not affected by the plants
of fools and cyn;cs.
1t is but few years since
the effort to build cities
on the Missouri river were secuted as a
dream for fanatics by the all-wise
prophets Of the eastern states. Omaha
and Kansas City were consigned to
obscurlty as mere Quitting points on
the border of the great American des-
ert. The phenomenal growth of these
cities i owing directly and solely to the
productiveness of the country lying
west OF them. If it is possible to build
cities On our border it is practicable to
do the same in our midst, and Just as
certain as we witness the changes of
season, so sure will we see great
commercial centers west of those
cities. Railway maps and sys-
TENS may focus trade for a
time to any given point: discrimi-
nation in rates work to our temporary
disadvantage, but just as st. Louis yield
ed the fact that distance must determine
these things; SO sure will Missouri river
cities recognize that there are stations
further west where traffic must break
bulk and passengers change horses"
A new impetus will be given to central
Kansas by the opening and development
of Oklahoma. The $50 miles of advan-
tage in distance cannot be figured
against us permanently, and the time is
at hand when we must claim what is
due us.
Of still greater importance than this
is the improvement of the harbor at Gal
weston. Thus bringing us 1000 miles
near tide water simply figures so much
additional value to every bushel of
grain and every pound of pork, and
when The work is completed and trade
adjusted and drawn to proper channels
we may hope to bid adleu to tolls and
local charges for long hauls.
These things go directly to the ques-
ton of values, and the advance will be
IN exact proportion to our development.
Add to the profits which come with
legitimate growth, the handsome mar
gin which may be saved now in the
purchase, and it is certain that nothing
is better than Kansas real estate.