The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1901-01-08
KANSAS news.
Wichita Man InTades Wall
Street With Success.
Purchased Short Grass Bonds
at Low Rates.
WILL MAKE AFORTUNE
He Had a Humorous Experience
In Providing Around.
Jostled From the Sidewalks and
Missed Cars.


Dorsey Dunn, q Wichita man, for years
with the Eagle went into Wall street
the other day FOR the first time in his
life and bought the face Of nearly half
a million dollars worth of Kansas
bonds He simply paralyzed Wall street
and made profits so stupendous that he
IS hardly able to estimate them him
self
Mr.. Dunn at one time was county
clerk of Comanche county after which
he came to the Eagle and became one Of
its travelling men in the short grass
country. There he familiarized himself
with conditions and conceived the idea
that a prosperous future, such as KAN
saS is now enjoying, would afford rare
inducements for speculation in county
township and municipal bonds.
About month ago he started for
New York, arriving on q seacoast' city
for the first time in his life. He was
jostled off the sidewalk after he broke
away from the depot, because his gait
was not swift enough for the hurried
steps of the metropolis. He didn't care.
He would just as soon take the street,
anyway. He ran to catch an elevated
train and when he landed on the plat
form he was mad, for the train had just
left. For many years Dorsey was used
to one train every twenty -four hours,
and sometimes every week when the
snow was in the cuts Of Comanche
county, but before he had time to think
about these things another train had
come and gone In all five trains missed
him before he could sufficiently gather
his wits to get aboard one of them, or
at least before he could get information
as to which was the right one for him
to take.
Mr.. Dorsey wanted to reach a restau-
rant to which he had been referred and
found it before he had time to take a
seat in the t. cars.
Elevator, sir" said a boy, and Dor
sey took the elevator.
''Twenty-seventh story, sir" said the
Dorsey thought the lad was crazy. He
found for the first time In his life that
New York had buildings so high that
one had to change elevators before he
could reach the top story.
A boy who was singing MY Grand
mas Tooth IS filed with Zinc showed
him to the restaurant on the thirty
third floor and it was no wonder the
took a seat near a window and saw the
river and the bay with its innumerable
craft-tugs, transatlantic liners pleas
ure boats and memo war, sailing and
whistling their way past the Goddess
of Liberty enlightening the world Mr.
Dunn, until that moment, had seen no
water craft larger than q ferry boat in
the Ohio river.
ing how to be able to present himself in
Wall street next day, he started out in
the morning, about four hours before
any broker was due at his Office. He
rubberneck, as he himself expresses it,
and the more he saw Of Wall street the
less he was afraid Of it He saw the
signs and they were not extraordinary.
didn't frighten him. He met men who,
he was informed, were multi-million-
aires, in the street, and they did not
seem to be a bit different from the men
who do business In Wichita. No po-
liceman seemed to have him under sus-
picion, nor could he see any cave where
in an octopus or a red dragon might
be concealed. The fact is that at
o'clock when the offices opened he was
prepared for any kind of a. red dragon
or octopus ne might meet.
He took in the office of j. Pierpont
Morgan first but as that gentleman, at
that hour. was closing up a little trans
action covering about thirty million dol
lars worth of anthracite coal stock, Mr..
Dunn didn't want to occupy his time.
He then went to August Belmont's and
got a pleasant reception. His nerve was
simply fine after those two visits and
he was prepared to buck anything, In
one dingy Office he met a rather affable
old man of 20 or So who didn't look a
down at Coldwater
Are you from Kansas?" asked the
old man.
Yes said Dorsey.
Then why don't you pay your debts?''
said the old man
II guess 7 don't owe you anything"
retorted Mr.. Dunn.
The old man tumb1ed over a lot of
documents such as $4,000 worth of
waterworks bonds at Ulysis, $50, 600 |
worth of Improvement bonds at Iuka, |
and a million or 50 OF other bonds is
sued by towns and cities not in the new |
maps of Kansas.
IL hear your farmers daughters are |
going to Europe for their education"
said the old man. Il read a great deal |
IN the papers about the Kansas country |
rIr. ha4~ InH mid hr-r
buggies; I hear that you are wanting !
to loan money at q low rate of interest I
to New York farmers; I read in your /
papers that your boys and girls went 1
to the Paris exposition; even hear 'em /
say that every time one Of your farm |
ers goes to town he comes home with /
a porcelain bath tub. Now / want to 1
know why you don't pay your debts2"
The old man, trembling and flushed /
with rage, had his finger under Mr.. /
Dunn's nose, and was In frightful 4
humcr.
"OId man." said Mr.. Dunn. "the /
trouble with you is that you should have
had a guardian the time you purchased /
those bonds. DO you want me to be re-
sponsible for your folly Of ten or a dozen
years ago2
Young man. said the aged broker,
do you know what we do here to men
ike you people out in Kansas-men that
won't pay their debts? We send them
TO Jail, sir, and ought to hang EN-, sir"
In vain Mr.. Dunn tried to explain to
the old man that Kansas as a. whole
3ould not or should not be held respon-
sibIe for the debts made with boom
towns that never had an excuse for ex-
stance The old man knew no song but
the song OF the shylock, want my
pound Of flesh"
Mr. Dunn didn't do thing to the old
nan but to buy a few dozen punches of
some choice Kansas bonds at a figure
hat averaged so low that the Wichita
syndicate which Mr.. Dunn represents
profit on them.
SON OF CONGRESSMAN.
Body Of Unknown Hutchinson Suicide
at Last Identified
Hutchinson. Jan. s.-H. r. r. aIillaE