The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1896-04-25

nIr. Imboden is Waiting for Results and
He is Getting More Favorable Reports
Than He Expected-Farmers and Busi-
ness Men are Rapidly Catching on TO
the Importance of the Proposition ana
They are Subscribing stock-The Eleva-
tor Means More Money for Products IN
any Evept-Wiu Solve Rate Question.
Yesterday the Galveston Export com
pany finished sending out something
like $50. 600 circulars embracing a pros
pectus of the proposed Wichita eleVa-
tor
while the results were not expected
INSIDE Of ten days or two weeks yet
they are coming in already and in such
I a fatfering way that the most intensely
enthusiastic supporters Of the prospect
are surprised.
The great point in a matter Of this
kind is to put proposition plainly be-
fore the people. The enterprise is in
kansas to give any movement for the
public good an impetus when it is prop
erly c0mprehended and deemed safe.
The DAYS Of wild cat speculation are
over and the minds Of the people are
are concentrated on something tangi-
BILE, feasible and paying. When Mr..
Imboden presented his plan for an ele-
vator before the people he did II in
way that everybody Endorsed it. They
not only understand the details of the
construction and maintenance Of the
elevator, but they fully understand its
results.
Every year the farmers Of this i'm
no for linn
Der for cribbing and binning grain than
a first-cIas elevator would cost and
what do they get for it? They have to
pay insurance and keep it out in re-
mote places from the railway where
they cannot ship it TO catch a rising
market. Neither can they borrow
money on it except in very small
amounts compared with its value and
at an exceedingly high rate Of interest
In the case of corn they cannot shell 1t
at a season when labor is cheap and
time at their convenience. With the
elevator they can shell their corn when
they have nothing else to do and haul
ii to town and store il in the elevator
where they can sell it outright or get a
warehouse receipt on which they can
go to the bank and get money. Money
can be secured easily on these receipts,
for they are based on insured grain that
can be turned into cash at a moments
notice.
Then, again, If they put their money
into the bonds of this elevator instead
of putting ii into cribs and bins on
their farms they have 1t in negotiable
paper, for the bonds of an elevator
are cash provided the elevator is pros
porous. But if il is not a success. II
must be a success unless the Kansas
City elevators through the railroads
give such inducements as TO draw
business away from it. In this event
a farmer Will make more in one year,
through this inducement, by reason of
lower freight rates than his entire stock
in the elevator would amount to. The
proposed elevator will do the business
Of the farmer satisfactorily and cheap
ly or else it will compel the Kansas
City elevators and the railroads to do
It equally satisfactorily and cheaply
for him and in any event it will rebound
more TO the profit Of the farmer OF
Kansas than will compensate him for
the investment in the elevator that
causes the compensation.
But the farmer is not the only man
that will be benefited 1t will re-
dound to the benefit of everybody for
ii will make tonnage for the railroads
and that VIII tend TO reduce rates ma
terially in all other classes of freights.
II the railroads take away the wheat
from Central Kansas they are not GO
ing to return empty cars, but will bring
back lumber, hardware sugar and other
commodities cheaply.
What Kansas and Oklahoma want
IS a Gulf port and market. Galveston
of course. is preferred. In order to
build up S0od import market at Gal
weston good export market must also
be built Up and the only way 10 do that
Is for the farmers of the west toSive
Galveston such steady and perman-
ent business as viii attract as much
water craft competition 10 Galveston
as TO New Orleans.
The great idea about the proposed
elevator at Wichita is that Galveston
must be Is interested in its success as
Kansas Galveston knows that in
order TO build up big export trade at
the place Il must handle the products of
Kansas, Oklahoma and the west hence
with the cooperation of Kansas the
elevator cannot be otherwise than a
great success. Kansas is to build
the elevator. in q round about way, but
Galveston must make the market and
pay the price and take care of the
trade generally. While. as stated,
Kansas must pu4iu the etcNatol l. -
only on terms that will gradually give
back the investment not indirectly by
better prices and lower rates, but d.
rectly as well. for the bonds of the
elevator can be turned into cash al
omst at any time.
Permanent freight rates will he
brought about by an elevator and this
IS one OF the many reasons everybody
in the state Cf Kansas ought to contrib
ute 10 this proposition.