Phillipsburg herald. [volume] (Phillipsburg, Kan.) 1882-1905, 1895-08-29


eage-ridden farmers believe that
Morrilps election meant the salvation
of the state. The real facts we're that
MorrilPs election would practically
give them license to again open up
business ut the old stand" feeling as
sured that, however disastrous to the
people Of detrimental to the state,
they would have his endorsement and
sanction in their efforts to get money
out Of eastern investors with which to
carry on their schemes in quilting the
Kansas farmers.
These courageous but unfortunate
people did not realize that they would
be the first to be attacked by the "re-
deemers" Of Kansas. They joined in
the ciamor to elect Morrill, and restore
the credit aud good name of the state.
They voted the Republican ticket and
passed through a severe winter feel
ing confident that the redemption
business would begin to get in its
work about the time the first meadow
lark caroled its opening song. About
that time the first scheme OF the new
"redeemers" Matched out. 1t was the
organization of the alfalfa Irrigation
and Land Company" its founders be-
ing composed Of Republican state Of
ficisls, ex-officials. Republican ire
deemers" and others. This company
which is to transform the desert into
a garden and make it bloom and
blossom as the rose" was lncorporat-
ed under the law of Iowa 80 as to get
around the stockholders double llabil'
lty clause in the Kansas statute. The
capital stock of this concern is five
million dollars. The president, Mar
tin Mohler, ex-secretary of the state
board Of agriculture, is q superanuat-
ed farmer, who, it is said, on trip to
the south few years ago, tried to
get hold of sack of macaroni seed to
introduce in Kansas, He said he
thought that plant would grow we'll
here. The secretary is the poet who
recently wrote a gold-bug poem and
sent it to President Cleveland and
members of his cabinet. The direc-
tory is made up of Lleutenant Gov
ernor TroutmaD, ex-Chlef Justice AL
bert H. Horton and other we'll known
redeemers. The company was or
ganized early this year 1t is desig
mated the City Real Estate and Trust
com pany as itg trustee, to act under a
trust deed securing the first mortgage
improvement bonds as set ont in the
Alfalfa compeay which will be re-
ferred to later.
1t is the business of the City ReaI
Estate and Trust company to buy uE
defaulted mortgages. Its headquar'
ers are at Topeka, with branch officers
at Philadelphia and Boston. Samuel
|
T. Howe, one of the ''redeemeFs" who
captured railroad commissionership
is president. I'm recent prepared
interview, Mr. Howe, who had just re
turned from q trip to bis brace Of
fee ID the east, complained bitterly
that the longest item be saw from
Kansas while he was gone was thu
announcement that Mrs. Lease was
riding bicycle. These reports, HI
said, tended to weaken confidence il
Kansas investments and securities
II that Is trae. Mr.. Howe ought no
to complain, for the move confidence
IS weak ened in Kansas securities tn
cheaper be could buy up defaultec
mortgages,
The City Teal i5atate and Trus
company Icing trustee for the iv
million dollars alfalfa company, to-
people OF western Kansas may be In
terested in reading extracts from
private cjycnlar which the former
now sending 10 eastern investors. !
il the business of this company to dis
credit western Kansas in the east Il
order that the combination may &c
hold OF its lands and default mort
cages at low figures. For instance
the City Real Estate and Trust 20
in its little circular entitled Gan Op
portunity to Dispose OF Wester
Kansas Lands and Defau'ted Mort
gagesN Which it is scattering in tn
east says Efhs sontjpued failure G
crops, due to lack Of euHciepp FRsllIr
fall, has resulted in the default 6
practically all mortgages in wester
Ty A