The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1893-03-12

Wild and Reckless Speculation at the Exoenst
Of ichita.

| As nine men out OF ten concede that the EAGLES
| opinions and judgments touching Wichita have
been invariably correct and sound. not excepting II;
| criticism Of the Addition Craze" desire again
to say, and with emphasis, that wild speculation is
. not business, nor conducive OF d healthy
! growth, or of permanency. When men abandon
legitimate trade to embark in a craze OF any char
scter, the end is not far OF. No work however
well directed; no BRAIN however fertile or far
! ing can avert the collapse which must follow an
| overstrained initiation.
No city ever had brighter prospects II reason but
| holds her sway; upon the other hand no city was
ever more surely Threatened W it'll burden, that
viii crush and ruin. II our citizens don't stand by
their reason and the lessons of experience \ word
to the wise ought be sufficient; but Il such word
Is not enough, we ready with columns for every
day. which " III have tendency to convert fancy
fooiishness back into corn feds-ready, soon as
the more solid and conservative men III our midst
shall say, 1t is enough" and that they no
LONGER stand up under it.
II is said that the expected never happens, and
that the unexpected is sure 10 come to pass; but
abnormal conditions and uncomfortable frenZies
are unsafe.
This state OF affairs has been largely brought
about by men not interested in the past future Of
Wichita. There large number OF men who
were bright and observant enough to that here
going to be built the greatest city In Kansas il
not the greatest in the west. These men. who have
Travelled about the world much or at least, enough
to enable them to comprehend the possibilities of
and glorious prospects, have been. and are now,
simply banking on the enterprise OF Others.
caring for consequences, farther than for
Results in the shape of immediate re-
turns So wild and travagant have they be-
come that some of our more conservative business
men. who were prospecting in the ordinary channels
Of trade, have lost their heads and ready for
any folly.
The transfers, or sales Of property aggregate
from one and half to two and half millions or
n nsed raaI
estate firms laying out new additions continuously.
Lands lately worth but few dollars per acres and
devoted TO the cultivation OF corn and wheat, are
selling by the front foot ut startling fsures.
A rebound is inevitable, such will crush the
EAGLES pride aud dream. Some fine morning
somebody win be forced to realize on his eculat-
i've holdings when buyer will bs found which
circumstance VIII prec pitatc thousand yea, ten
thousand other offerings, with no takers The end
OF diamonds and fine equippages Will have come.
and the Peerless Princess will be curse and by
word of the disappointed. Thousands OF honest
people who now deem themselves veal thy will be
crushed beneath Partial -paym ent mortgages which.
having Exhausted surplus winnings, viii il the END
swallow up their homes.
The EAGLE can call a halt during TIL next few
ensuing weeks, but such call from the EAGLE
might reach too FAR. and might do mach harm in
another direction as 1t ought TO do good in this.
But the wise sensible and solid business men OF
this city beat this game which threatens so
much trouble. simply by unitedy and unanimously
discouraging the addition nonsense and by Impress
ing everybody with its present fooshncss and ulti-
mate danger. Make no bones Of telling every ne
conner that money put in these far away additions
Is money thrown away
Now, IL such ventures rs have been foisted upon
this community within the last few wee Ks IL these
last ad lition crazes should prove financially sue
cessful OF only dozens. but hundreds OF other wild
cat additions will be laid OF aud sold under the
pressure OF the ctys conceded prosperity, un Il the
sccumul ,ted load shall crush Us beyond hope Of a
RESURRECTION.
he EAG has held its peace-withheld its warn
ing-about as long as it Rather than TO the
labors and hopes OF years utterly rsned and tor
ever Frustrated, shall daily warn people against
throwing away the + money. II this game, aad it's
nothing but gaLe is kept going. not only will ali
these additions be rendered vaIueess but the prop
erty OF the city proper ami every interest which it
is fostering. will be pulled down. Having. oursef,
never bought or sold lot in Wichita otherwise
ec1lated In town property. but having labored to
the best OF our lin ted ab ty. only for the upbud
f. 9 and prosperity of our ity and It's people
whole. feel judgment TO be un biased-our
conclusions sound Cali d halt