The Goodland republic. [volume] (Goodland, Kan.) 1891-1907, 1897-06-11
KANSAS AID RIGHT
Eastern Credit Men Say the sunfower
State Beats Them An
Eastssn Boom Was FaF More Disastrous
Than Western hegltimsts BoFv
rowess Csn Get an the Money
They Want

Topeka, Kan, June Capt ". Il.
Hornaday, travelling correspondent of
3 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,
pinching times. In my travels In the east
met people who sorrowfully stated that they
had not made q dollar at their trade for the
past two years, before that they had been used
to making from s. to 50 a day. Now, II they
can get a ten-eent soup bone once a week they
consider themselves in luck so far as the meat
end Of the menu card is concerned This state
ment looks ridiculous, but tits fact In North
Carolina and Virginia, once prosperous tobacco
districts saw more evidences OF poverty In
two days than have In Kansas altogether
OF course, Kansas had boom several years
ago, and the effects Of it are still felt But the
Kansas boom was insignificant as compared to
the bo0ms in some portions Of the east. BOoms
ali wool, a yard wide and a foot thick were
only seen in the east More money was lost in
the east than in the west as result OF them.
Eastern men dropped vast sums Of money in
Kansas. Their speculatiOns were inthe nature
Of gambling The card turned the wrong way
and the spectators lost The rapid develop
ment Of Kansas drifted into boom.
Finally the east caught the fever and
four years later there was a larger one
on there than was ever dreamed Of il Kan
sas. The east got deeper in because it had
more money. 1t was not only land but also a
manufacturing boom, and millions were spent
in building enterprises which now lie idle and
which probably never turned a wheel / know
of two big iron works that were erected in Vtr-
ginia at q cost Of 81, 600 that never run but
one week. They were abandoned and the ma
Chilery and buildings are now 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 q candle
There has not been so much said about the
eastern boom and its collapse, however, as
about the Kansas boom and its 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 by 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 so it was not
! news I am safe in saying that the eastern
boom was ten times more disastrous to capt.
talists 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 TO
suit, she furnished them with ready cash, The
east is about five years behind Kansas in the
| settlement Of its boom accounts. This Hquida-
ton Of debts on the part Of Kansas has tended t
| greatly modify the feeling Of the east against
her; the east has discovered that the best leglt
/ innate dsbt-payers in the country live right
! here in Kansas.
The legitimate borrower in Kansas has NJ
| trouble in securing money in the east now, 1
/ his security is all right he can get money st {
| low rate Of interest All the eastern capitalists
| want to know is that their money Is safe anC
will be paid back and they have greater faith il
! the Kansas farmer to-day than ever that he vii
meet his legitimate debts Kansas farm mort.
| cages and Kansas cattle paper are exciting
much attention again in money Centers Tint
/ eyes Of the finaucieTs are on Kansas, 1 don
| know why, but the state OF Kansas is talke'
| about more in the east than all the other west
ern states combined, some Of which are neaFl.
] her e1iIal