The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1899-08-18
HAS BECOME RICH
Wichita and the Surrounding
Territory and its Pile of Cash
INCREASE IN EVERYTHING
Every Avenue Pouring in its
Stream of Profits.

Wichita has become a rich city In q ricl
territory. from a strictly money view.
The wholesalers are making money iron
% increased trade in old territory, G.
from an extension OF territory, 90 from
the increase in the price Of goods bough
on contract early for delivery.
Eve ~ railroad entering the city re
ports an increase in its freight receipts
some of them reporting receipts doubl,
those a year ago.
The bank deposits have mounted stead
lily upward and are over three times wha
they were two .years and a half ago.
The gross receipts OF the Wichita
post office have jumped from $3.50 8
1897 to $5s.2ss.Os. 1899 and are increasing
daily over the previous year.
The city of Wichita has gained In popu
lation in the last year over 1900 people
The increase in mortgage cancellations
has become such a regular thing that II
Is regarded no longer Of moment, but as
In the natural order Of things.
From a credit business the commerce
Of Wichita has passed to a cash basis
and establishments now operate on their
own capital.
The farmers have large crops, and have
money, and are not borrowing and are
increasing their live stock holdings.
There has been a large increase in i'm
migration to the farms Of Sedgwick and
surrounding ounties and a greater
amount Of land is under cultivation than
ever before
Every laborer In Wichita has employ
ment, and the building revival is gather
ing force.
Said prominent business man yes
terday: When a city or a man is max
ing money, every transaction is a win
ming one; every avenue pours in profits
just as when a man is losing money,
everything helps accumulate loss"
He then continued: Thousands and
thousands OF dollars have been made I'M
Willingly by the jobbers and wholesalers
OF Wichita in the last seven months. sim
ply because when a man is making
money, he can't help make more. Things
done in regular business way bring in
unexpected and luxurlant profits"
For instance:
sale men Of Wichita" he continued.
were making contracts for goods for de-
livery In June, July and August. They
bought goods at the prevailing market
price in January. The goods were to be
delivered in July and August. What has
happened In the meantime? Those goods
have been climbing in price, climbing
night and day, climbing week after week
and month after month. Let me cite you
. simple example: A wichita man bought
a certain ware at Is cents. That was in
January. 1t was to be delivered In July.
In February the ware had advanced in
price few cents; In March n little more,
in April May and June. more still. July
came. The ware has not been delivered.
The factory as nearly all factories in the
East are, is behind with orders, but the
manufacturers write that the goods will
be here this month. The price of that
ware which the Wichita man bought at
IS cents is now Il cents. The Wichita man
has made that profit OF q cents without
turning over his hand. and on that single
Item alone, the profit is hundreds OF dol
dars"
This gentleman said that the increase
in the price OF goods was general. and
that It had no staying effect on heavy
stocking.
The last three years has witnessed |
great change in the matter OF stocks. /
Three years ago stocks were drained 1
down to minimum and the demand was I
SO slight that factories in the east had I
to shut down and surplus products east /
to IL
chant is stocking up heavily. more heavi- ,
ly than in any period for the last ten !
years. In the territory surrounding WI I
chita the stocking up process is done by !
the wholesale houses of Wichita.
Why Wichita? This was asked a mer-
chant from an Oklahoma city yesterday
who was in Wichita. He answered:
eliminating the general supposition
that a man likes to buy near home and
wants quick delivery and desires to turn
his stock often. one will find that the
paramount reason the retailers Of the
territory south OF Wichita like to buy OF
Wichita Is the treatment accorded them
by Wichita wholesalers. This seems tri-
vial but 1t is not A man can buy as
cheap or cheaper in Wichita than else
of sudden drain in one line. more sat
isfactorily by telephone. He Is sure OF
having the goods sent quickly. But after
ali. those advantages pale in comparison
with another-the feeling that every re-
taller has. who comes TO Wichita, that
he is known: that his trade is wanted
no matter how small; he may use his
wholesaler for reference; that his whole
saler has a more intimate knowledge OF
his the retailers Cbusiness) and its capa-
biiities; is more intelligent in selling him.
and has a quicker sympathy for the ad-
vantageous points In his trade as well as
Its difficulties
ANY retailer who has made a trip to :
a large city knows what I mean. The ;
wholesaler In large city turns you over
10 subordinate. The subordinate has
probably never heard OF you before. prob {
ably only slightly Of your town. He has 1
no intimate, immediate knowledge Of ;
your surroundings, OF your needs. your ]
pretensions or your possibilities. His :
whole concern Is 10 load MS goods upon I
you. II he is connected with a large ,
he will fail in an ATTEMPT ,
10 prevent q show OF his disgust over the