The representative. [volume] (St. Paul, Minn.) 1893-1901, 1894-10-31
HERE ARE FACTS
Testimony of a PrOmi-
nent Republican.
WHAT Mr.. ROSEWATER SAYS!
Populist Rules.in Kansas, Colorado
and Oregon.
Old Party Lies Shown Up in
Great Shape.
The Calamity Howlers Can Now
Crawl Into Their Holes.
WHAT Mr.. ROSEWATER SAYS !

Mr.. E. Rosewater, of Omaha, one of
the leading Republicans of the West,
the editor Of the strongest Republican
paper in the United States, and until
recently member of the National
Republican committee, in an address
to the business men of Omaha. last
week, takes up the question of the
credit Of western states, from which
we publish extracts relating to the
Populist states. This is undisputed
and reliable Republican authority:
'The state of Kansas within the
last four months has had an offer from
the Citizens Bank of New York for
funding her bonds, which have been
running at high rate, at per cent;
that is to say that the per cent
bonds of the state of Kansas were
merchantablei in the city of New York
at par. Let us look, then, at the con-
ditiOn of other states equally situated
and also some cities. There is not the
shadow of doubt that the credit of
Colorado is every bit as good today as
the credit Of the state of Nebraska-I
am talking Of the state-notwith-
standing the assertions of these gen.
tlemen. The city of Denver, two
weeks ago, sold per cent bond at par.
The city Of Portland, Ore, sold 5
per cent bond at one twelve within
the last two weeks. So, then, Oregon,
with Poulist governor, did not de-
stroy the credit of her principal city,
Portland. She was still able to sell
her bonds, notwithstanding she has
got a Populist crank for governor.
How is it with other states? 1 went
to the trouble, within the last four
days, to wire the assistant general
manager of BradstreetS in New York,
with whom l am personally acquaint-
ed, to ascertain the truth with regard
to the credit of South Carolina. She
is dominated by Populists, just as
much as Kansas, and 1 received this
answer yesterday:
"New York, Oct. 16, 1S94.-E. Rose
water: South Carolina discount rate
on commercial paper, per cent; real
"
So far as loaned general Jrade Unly
fair; collections satisfactory; outlook
for general financial condition better
than this time last year.
D. H. BATES"
"Now, then, what does that show?
That in South Carolina they are dis
counting mercantile notes in the
banks at per cent. do not think it
is better because they have harvested
big cotton crop and have abundance
of things to sell. Great applause).
''In order to satisfy myself about
mortgages, foreclosure and money in
Kansas, l went to Kansas myself.
was in Leavenworth three weeks ago
last Monday. l was in Topeka also on
the same day-in Leavenworth in the
morning and the balance Of the day,
from noon until evening, in Topeka.
What did l find? The first place
went to was the Loan and Building
association of Leavenworth, and l as
certained there that the loans made
by that association during the last ten
years have been at 6 per cent; that
they have had no foreclosures, or but
one foreclosure, in all that time was
voluntary. The gentleman who gave
me the information was their secre-
tary, Mr.. SILL and he is Republican.
He had no object to fabricate any
thing went to several business men
mercantile business men on the
principal street-and had personal
talks with them, and they said they
could borrow readily of their banks at
Sper cent. went further than that.
went to the court house and called
upon the register of deeds. The gen.
tleman is Republican, and 1 have
his letter right here: 'Leavcnworth,
Sept. "a, 1S94.-More mortgages have
been filed and recorded within the
past six months than during the pre-
ceding two years for the same period.
Loans on lands range from to per
cent per annum. ]. X. Creighton,
Register of Deeds
KANSAS CREDIT ALL RIGHT.
81 went to three or four real estate
dealers, making the same statement,
and every instance they said there is
no trouble gettlng loans extended, and
II you have any trouble come to us and
we will get you the loan and will get
you all the money you want on land in
this county, provided, that the ap-
pralscment is not cXtrayagant. That,
OF coursc,'is a natural condition.
II proceeded to the City of Topeka
and went through the same perform
ance. had statements from various
gentlemen, In every instance the Of
1iccrs of the bank, and in every in
stance they said there was an abund-
ancc Of loanablc money in the city of
Topeka at s per cent to the mcrcllan is
who had good standing, and they
said that when times were very hard