The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-02-09
INVESTS MONEY HERE
w. A. Barnett Comes to Kan
sas to Buy Bonds.
FOR EASTERN CAPITALISTS
Says the States Securities
are Gilt Edged.

Mr.. ". A Barnett Of Dayton, O., was in
the city on business yesterday Mr. Bar
klett is considered one of the leading bond
buyers Of the United States and is known
Tar and near over the western country
He is considered authority on choice Sc
Turities, especially those of the west, and
more particularly those Of Kansas, Of
which it is said he has handled more than
eeven-tenths of all that have been issued
tn this state Mr. Barnett negotiates the
purchase of these bonds and afterward
sells them 70 eastern corporations. State,
county, municipal and corporation securl-
ties are bought and sod, and the amount
that has gone out from Kansas has been
stupendous, but the securities have all
been first-class. with the exception Of
few instances where the companies buying
the bonds have been beaten in the courts
on some irregularity. Only recently Mr.
Barnett bought a $4,000 block Of Wichita
refunding bonds and paid a good price for
them. He says they are choice securities
and he would not mind having few more
blocs of Wichita bonds if the city should
ever need any more cash.
In speaking of western securities last
might at the Carey. Mr.. Barnett said that
there are no better securities anywhere
than those Of Kansas, although in some
Instances the commissioners of a county
would endeavOr to repudiate the bonds and
give the owners thereof considerable an
noyance. This is only In some Of the
counties. he said, where the antipatny to
~,
strong.
Mr.. Barnett's position enables him to
fudge very accurately of the conditions of
different sections of country in which he
does business, and questioned as TO the
prosperity of Kansas. he remarked that in
bis judgment the state never was more
prosperous than it is today, and that the
evidence of good, healthy substantial,
growth in all the cities was very evident
from the way the obligations are being
discharged. The large Indebtedness made
necessary in early years. when institutions
had to be built. industries bonused and
large amounts of bonds issued to obtain
Institutions of learning, public municipal
improvements. etc. was gradually being
paid off. thus tightening taxation. and the
people are now beginning to feel easy and
TO accumulate. The state. he said is pro-
6ucing abundantly and every class of in
dustry seems to be thriving. With such a
firm foundation Of natural wealth to-
gether with the benefits Of a wise national
and state administration in whom capital
could place confidence without fear of re-
Dudiation, there seemed to be bright fu-
ture for Kansas With all these favor
able conditions capital would seek. and is
seeking investment in the state. and the
era Of genuine and lasting prosperity
would soon be here, and he thought it
would come to stay. At least he was will
'ng to buy all the bonds offered, and Kan
sas securities would have his particular
attention
Judge Pollock Of Winfield then stepped
MP and shook hands with Mr.. Barnett.
F'There," he said sis a man who heIned
beat US in a $4,000 lawsuit and they both
laughed over the incident. as if it were
trtfing incident
Mr.. Barnett will leave for the east to-
hay.