Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1894-10-31
BLEEDING NO LONGER.
POPULIST RULE HAS SAVED
KANSAS.
The Sharks and Vampires Driven from
the State and Money Is Easy-Editor
ROsewater Nails Some Plutocratic
FalsehOods

by the apparent certainty of the cleo
ton of the Peoples party ticket, is
trying through the State Bankers as
sociation to make the people of the
state believe that there will be no
money to loan in case the monopoly
ticket is defeated, thus making it i'm
possible to extend mortgages
They are asserting that this is the
state of things to-day in Kansas, as a
result of Populist administration.
Edward Rosewater. proprietor of
the Omaha Bee, the leading republi-
can newspaper of Nebraska, having
refused to support the notoriously
corrupt republican candidate for gov
ernor, decided to go to Kansas and
see for himself the effects of Peoples
party government Mr.. Rosewater,
himself, is large borrower of capital.
which is invested in the finest office
building in Omaha. and he is deeply
interested in maintaining the credit
of the state. The result of his in
vestigations he tells in the following
manner:
WHAT RosEwATER FOUND IN KANSAS.
Now, 1 wanted to satisfy myself
about this vital question 1 wanted
to know whether these reports about
the lack of loanable funds were really
true, because l do not want calamity
in the state and do not want the
credit of this state to be impaired by
any thing that our people shall do
wanted to be satisfied by my own in
ouiries, and from sources that are
strictly reliable, as to whe ther or not
the reports concerning the destruc-
tion of the credit of the people of
Kansas was really true. For this
purpose made trip to Kansas in
the early part of last week. was in
Leavenworth city Monday morning
early; the very first man that called
upon was A. Il. Sill, manager of the
Globe Canning works and secretary
of the Citizens Mutual Building and
Loan association. This association
was established ten years ago. 1t
has G25 members and has made 22O
loans aggregating $500, 600. These
loans were made at + per cent, but
the actual interest charged to bor-
rowers was trihe less than per
cent The association has made but
one foreclosure in its ten years his
tory and that was a volunteer sur
render This is a building and loan
association that is principally doing
business with wageworkers, who save
up their little earnings and build lit
tie homes, and they are to borrow in
Leavenworth city at G per cent and
at the end of the time, by reloaning.
they really do not pay but 5. That
is certainly as favorable condition
as that of any Nebraska loan associa-
tion.
THE next party that 1 called upon
was Charles Peaper, cashier Of the
First National bank. Mr.. Peaper is
republican. In response TO my in
quiry in regard to money he made the
following statement: There is an
abundance of loanable money in this
bank. Our customers say that the de-
mand for money will increase materi-
ally this fall The paid up capital of
the First National bank of Leaven-
worth. of which Mr. Peaper is cashier,
is $500, 900. and the average deposits
oil ca fn1
that the loans made by his bank are
at per cent to any merchant that
has reasonably fair credit and 10 per
cent when money is high.
Then 1 called on w. D. Kelly &
Son and A. L. Callahan, real estate
dealers and loan brokers. Both firms
informed me that there was no diff
Guilty in procuring money to loan on
farms in Leavenworth county The
prevailing rate is 6 to per cent on
lands and to 8 per cent on town
property.
"a M. Balm, real estate and loans,
Leavenworth, stated to me that with
ample security at : per cent there is
more money available for loaning
purposes than there has ever been be-
fore. called on the register of deeds
of Leavenworth county, and he certi-
fed over his name that mortgages
fled within the last six monts exceed
in number those filed in any six
months in the last two years. at
Lawrence reputable citizen stated
that money is abundant for loans on
farm property at per cent both at
Lawrence and Ottawa. Arriving at
Topeka at 1::5 last Monday made
the circuit of the bank buildings. and
here is the result:
"F. NJ Bonebrake, assistant cashier
of the Central National bank, made
the following statement: The only
trouble here is that we have more
money than we can place There is
at least $500, 900 more now in our
banks lying idle than we ever had.
There is no trouble in getting money
from eastern capitalists to loan on
farm land This bank has average
deposits of $3.50, OOO
"E Henderson, assistat ncashier of
the First national bank of Topeka,
made this statement: Money is easy
now. We are discounting good mer-
camille paper at 8 per cent When
money is tight we charge 10 per
cent"
John Il. Mulvand. president of the
Bank of Topeka, the largest bank in
the Kansas state capital. with deposits
aggregating over $500 600, stated that
that bank was loaning money at per
cent to merchants whose credit was