Baxter Springs news. [volume] (Baxter Springs, Kan.) 1882-1919, 1897-06-12
KANSAS ALL RIGHT.
Eastern Credit Men Say the Sunflower
State Beats Them All.
Eastern boom Was Far More Disastrous
Than Western Boom-Legltimate Bor-
rowcrs Can Get All tho Money
They Want.

TOPEKA, Kan, June Capt. W. H.
Hornaday, travelling correspondent Of
big New York credit company, Is
now making tour of the west In the
interests of that concern. lie spent
the past week in Topeka. He says
that he has Travelled almost every state
in tho union east Of the Mississippi
within the past year and that Kansas
beats them all. AS 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 IIornaday said:
Kansas people don't know what hard times
nrc. 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 n dollar ut their trade for the
past two years: before that they had been used
TO making from - TO % day. Now, II they
can get q tcn-ccnt soup bone once n week they
consider themselves in luck SO far Us the meat
end OF the menu card Is concerned. This state
mcnt looks ridiculous, but II Is fact In 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 boom several years
ago. and the effects OF II are still felt. But the
Kansas boom was insignificant rs compared TO
the booms In some portions OF the east Booms
oil wool. n yard wide and foot thick were
only seen In the east. More money was lost In
tho east than In the west as result OF them.
Eastern men dropped vast sums OF money 10
Kansas Their spcculations were In the nature
OF gambling. The card turned the wrong way
and the spectators lost. The rapid develop
mcnt OF Kansas driftcd into q boom.
Finally the east caught the fever and
four years later there was larger one
on there than was ever dreamed OF In Kan
sas Tho east got deeper In because II had
more money. 1t was not only land but also
manufacturing boom. and millions were spent
In building enterprises which now lie idle and
which probably never turned o wheel I know
OF two big iron works that were erected In Viz
ginia nj u cost Of ~. 0O1 that never run but
one week. They were abandoned and the ma
chlncry and buildings are now rottng 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
md other western towns can't hold candle.
There has not been so much said about tho
eastern boom and its collapse. however. as
about the Kansas boom and It's collapse. Tho
reason Is that Kansas had hers first. The
newspapers were illed with II. When the
UOom stTuch INC CAST u WAS HOT tuktU Us gOOu
news by the papers any more-lt 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 Ia the east, the same thing had
happened in the west before, and so II was not
news. | um safe In saying that the eastern
boom was ten times more disastrous to capi-
talists than the Kansas boom was.
Kansas came TO the relief Of the eastern spec
ulators ut an opplrtunc time. just about the
time they had lost all their money In the east
she began TO pay on her obligations. As o re-
suit, She furnished them with ready cash. The
east Is about live years behind Kansas In the
settlement Of its boom accounts. This liquida-
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 lcgit-
innate dcbt-payers In the country live right
here In Kansas
The legitimate borrower In Kansas has no
trouble In securing money In the east now. II
his security Is all right he can get money at o
low rate Of interest. All the eastern capitalists
wanrto 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 |
cages and Kansas cattle paper are exciting |
much attention again In money ccnters. The |
eyes OF the inancicrs arc on Kansas don't |
know why. but the state Of Kansas Is talked |
about more In the east than oil the other west |
crn states combined. some OF which arc nearly |
her equal |