Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-01-01
WIDE field
FIRM RECOGNIZES KAN
A CITY'S BUSINESS OPPOR-
TUNITIES.
Deming Investment Company, of Os-
wego, One of the Most substantial
Concerns of Kansas, Estab-
fishes Itself in This City.

The great inducements offered by this
city as a business center are daily the
means of bringing new corporations and
businesses into the fold. The latest access
sion to the ranks of progressive concerns
is that of The Deming Investment Com
pany, of Oswego, kas., which. on the first
of the year. will occupy the fine quarters
on the first floor of the old Citizens Ma
tional sank building, at Sixth and Della
ware streets. Robert O.. Deming, treasurer
and manager, will take personal charge OF
the Office here, which will start with a
force of at least ten people, eight of them
being brought from Oswego.
Mr.. Deming is prominently known in
Southeastern Kansas, both in business and
in politics. He was president of the Nc
Kinley Club in 1896. He is now the Re-
publican mayor of Osweso, having been
elected in the spring of 1887.
The Deming Investment Company come
to this city because they realize that Kan
sas City is the center of the vast agricul-
tural region of Missouri, Kansas and Iowa,
and they believe that they will be enabled
to handle better their business from this
city and at the same time reach an exceed
ingly rich and productive country. They
will be the only corporation in the city
that deals exclusively in farm loans.
The Deming Investment Company was
organized eleven years ago. The years
which have followed have proven an al
most uninterrupted course of prosperity
and is the result of steady, increasing push.
which has characterized the business from
its inception. In dull times. in hard times.
in prosperous times, it steadily forged
ahead. When loan companies all over the
West were being forced to the wall by
pressure of the times and careless manage
ment, the Deming Investment Company
watched its business the closer. and wealth
cred the storm. Note this fact When the
company was organized three hundred
Kansas loan companies We're doing a simil-
ar business. Now there are only three, and
the Deming Investment Company does not
stand third on the list. The secret of its
success is that the managers decided that
city loans or short-time commercial paper.
would wreck a concern which dabbled too
extensively in such sureties, and decided
TO handle farm loans exclusively. The
wisdom of this course is apparent when it
is remembered that two hundred and nine
ty-seven Of its competitors nave quit bust
ness.
In order to develop the business, the
company has established branch offices at
Fredonia, Kas., Oklahoma City and Perry,
o. T, Harrisonviile, Mo-, Fort Dodge, Ia,
oswego, Kas., and Colfax, Wash, and to-
gether with the home Office employs TWEEN
ty-four men.
A feature of the company's business,
which accounts for its high standing among
ifS investors iS that cinpa itS orpapizafian
10 holder Of a mortgage has been COM
PEELED to take a foot of land in place of
tine principal he advanced. No holder of
an interest coupon has suffered by default
of payment. If the mortgagor defaults his
payment of interest, the company prompt
ly advances the money and protects its GUS
toner. When it is understood that every
mortgage sold is Endorsed without re-
course" and the company is not holden in
any way for either principal or interest,
the policy of protecting customers is seen
to be most liberal and business-like. Such
methods beget confidence, and confidence
in turn begets increased business. The
guaranteed" loan policy adopted by nu-
merous companies in the past was a good
~thing-while the company lasted. 1t rep
resented several per cent difference In the
company's favor; it also represented a
club when a humber of guaranteed" loans
were consolidated in the hands of different
capitalists who used it as a bludgeon to
beat the life out of the corporation which
SO indorSed Its paper. Or a number of the
guaranteed" loans might again be likened
to a giant screw. which. in close times
among the farmers, slowly but surely
squeezed the loan company into the hands
OF their bugaboo-a receiver.
With a large and growing business safe
In hands, the Deming Investment Company
moves to a larger territory. and with It's
conservative business policy. its careful
management from whom no detail, hoy
ever slight. escapes notice. its pleasant and
profitable relations with patrons in the
past, it bids fair to grow and expand along
safe and legitimate lines.