Western Kansas world. [volume] (WaKeeney, Kan.) 1885-current, 1897-06-12
HER CREDIT GOOD.
Legitimate Borrowers in Kansas Have
No Trouble Getting Money.
The State Knows No "Hard Times Com
pared with Many Others-East Five
Years Behind in Settlement of
Boom Accounts.

L.
Hornaday, travelling correspondent of
big New York credit company, is
now making a tour of the west in the
interests of that concern. He spent
the past week in Topeka. He SAYS
that he has Travelled almost every state
IN the union east of the Mississippi
within the past year and that Kansas
beats them all. AS a whole, he says
the people of none of those states can
compare with the people of Kansas in
point of intelligence, appearance or
surrounding. Capt. Hornaday said:
Kansas people don't know what hard times
are They have no conception of real, hard,
plnch1ng times In my travels in the east
met people who Sorrowfully stated that they
had not made dollar at their trade for the
past two years; before that they had been used
to making from 81 to IS day. Now if they
can get a ten-cent soup bone once week they
consider themselves in luck SO far the meat
end OF the menu card is concerned. This state
ment looks ridiculous but it is fact. Il North
carolina and Virginia, once prosperous tobacco
districts saw more evidences of poverty in
two days than have in Kansas altogether
Or course, Kansas had 4 boom several years
ago, and the effects of it still felt But the
Kansas boom was insignificant compared to
the booms in some portions of the east. Booms
all wool, yard wide and foot thick
only seen in the east More money was lost in
the east than in the west a result of them.
Eastern men dropped vast sums of money in
Kansas. Their speculations were in the nature
OF gam ping Inc card turned the wrong way
and the spectators lost The rapid develop
ment of Kansas drifted into a boom.
FINALLY the east caught the fever and
four years later there larger one
on there than was ever dreamed of in Kan
saS The east got deeper in because it had
more money 1t was not only a land but also
manufacturing BOOM and millions spent
in building enterprises which now lie idle and
which probably never turned wheel 1 know
OF two big iron works that were erected in Yir-
g1n1a at 4 cost OF 81 000, 900 that never but
Thew abandoned q m
chinery and buildings rotting away.
It's the same way in many other places there.
As to deserted boom towns, saw many of them
IN my eastern travels to which Saratoga, Kan,
and other western towns can't hold a candle.
There has not been much said about the
eastern boom and its collapse however, as
about the Kansas boom and it's collapse. The
reason is that Kansas had hers first. The
newspapers were filed with it. When the
boom struck the east it was not taken as good
news py the papers any more-it was old news
Kansas had furnished all that before. Then
the collapse came first in Kansas and the
newspapers said much about that. When the
collapse came in the east, the same thing had
happened in the west before. and it was
news am safe in saying that the eastern
boom was ten times more disastrous to capt.
tauStS than the Kansas boom was.
Kansas came to the relief of the eastern spec
ulators at an opportune time. just about the
time they had lost all their money in the east
she began to pay OF her obligations. As a re-
suit, she furnished them with ready cash. The
east is about five years behind Kansas in the
sebt1eIlenG OF us Doom accounts Ih1S 11qu1da-
ton of debts on the part of Kansas has tended to
greatly modify the feeling of the east against
her; the east has discovered that the best legft-
innate debt-payers in the country live right
here in Kansas.
The legitimate borrower in Kansas has no
trouble in securing money in the east now If
his security is all right he get money at
low rate of interest. All the eastern capitalists
want to know is that their money is safe and
will be paid back, and they have greater faith in
the Kansas farmer to-day than ever that he will
meet his legitimate debts. Kansas farm mort
cages and Kansas cattle paper are exciting
much attention again in money centers. The
eyes OF the fnancierS are Kansas. L don't
know why, but the state of Kansas is talked
about more in the east than all the other west
ern states combined some of which are nearly
11ar