The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1902-09-07


move from Wichita the tenant classes and
the taxable valuation as 70 the worth OF
all wichita property would be reduced
three millions in three months, and Il no
ether tenants took their places. the city
would dwindle to nothing. People forget
that the man that does not own property
in every city is the man that gives value
10 property and stability 70 the earnings
Of property.
Second. All values in town 90 up and
down with the farm values and the farm
values going Up, al last start the town
values This was demonstrated in Sedg-
wick county in Bs4 and 1875 and IS now
observable in Wichita.
Third The man abroad uses the man
at home as a barometer in making invest
lnents In 1875 man was in Wichita
from Illinois. who was solicited 10 invest
money. but was skeptical. yet observing
that James r Mead had made and was
making purchases. the stranger inquired
/ for Mead and then said, IF the man who
has spent more than thirty years here
can see profit. I win put in $1,000 any
way"
HOME PURCHASERS.
The purchases on Main street and
Douglas avenue and Market street b.
Brown, Stewart & Burns, Mshan Bros.
Grafton. Van Duesen, Throckmorten &
| Davidson. Henry Schnitzler, Swartz Bros.
Finley Ross, the American State bank.
National Bank Of Commerce, Reimbaugh
Bros, Judge Little. Griffith. Tucker. DR..
Hamilton. DR.. Dorsey. pr. Kirkwo0d,
Scott. Whine, Judge Wall. Amidon.
Brown. lines ard manv others has not
only taken large frontage Of the city
out Of the speculative market on Main
street, Douglas and Market. but also fixed
the values. created competition amongst
buyers OF city property and drew the out
side business mans attention and set
the seal OF appreciation Of men on values.
whose hopes and ambitions are ceutered
in Wichita forever. When IS or 70 men
who live in Wichita put four hundred
thousand dollars in Main street and
Douglas avenue lots, it is an advertise
ment evidenced by real. genuine faith
that needs no other evidence.
When the home man invests in home
real estate, the outside man knows the
opinion is backed by cash. The old saw
and adage that money talks is stin the
rule. There is no argument Ike a hand
fIl Of gold in buying anything. Money
IS the universal language. speaking in
every tongue and is more eloquent than
'speIIbinders in trying TO convince
man n buying anything.
When you urge & man 10 come 70 Wich-
ita, he doubts the sincerity OF the state
ments. Il he believes you are in earnest
and that you are absolutely sincere. he
listens He who wants TO convince man
Of the real value Of Wichita property
should not only relate the purchases OF
the above men and others he knows, but
should follow their example. The deed
TO land. showing the investments. is IN
improbable evidence Of the Wichita
mans good faith and sincerity in his as
sertions and opinions. Preachers say that
you cannot convince q man Of sin unless
you have been converted therefore 70
apply this doctrine to faith in Wichita
and 10 Wichita purchasers Of real estate.
by the Wichita man. purchases are evf-
dence Of conversion. When all Wichita
believes again as il once believed in our
values and worth the outside man viii
be convinced that we are the City Of the
Southwest
II a man who wants to buy property
has a curiosity as TO the ownership Of
Douglas avenue and Main street property,
he viii ind that 90 per cent Of these lots
were conveyed by non-residents 10 resi-
dents and that there are more home men
interested in the final outcome OF Wichita I
and less membranes on lots than ever
In its history, therefore any depreciation /
would not change the title but affect only +
the income. The present owners OF Doug /
to speculate but to hold and are inter [
asted in low taxes and the general growth .
Of the entire city The fact that the I
home buyers are hunting lots at home is .
evidence TO the world that the condition 7
# Wichita is splendid
The banks organized is a lesson 70
all Banks do not follow carcases as the
ouzzard, but clover fields. as the bees.
or honey. banks receive deposits and
oan a per cent Of them.
Since the boom The millions of capital,
which has been earned in Sedgwick
county and boarded. is now in the banks.
ne organization Of a bank does not
.reate this condition. but il is the result
II prior or present condition.
The deposits Of the Fourth National
,ank are now equal 10 all the deposits in
Wichita in 1885. The organization Of the
National Rank Of Commerce. the Ameri-
an state bank. the West Side bank. the
State Savings hank and the New Robin
on bank are the result of the prosper
us condition in Wichita and in the coun-
~ and Il Wichita grows and expands.
ther banks VIII be organized. just IS
he merchants and manufacturers extend
business increases and in i've years
he paid up capital Of Wichita viii be at
east double the present capital OF all
he banks.
RAILROAD SHOPS.
While the Missouri Pacific shops are
ct in shape yet this Is bound 10 come,
nd when II comes. il viii add a million
ollars in values directly or Indirectly.
rest Of Main street or north % Twenty
fth street Wichita Is ready 10 do its
art on sixty days notice.
ORIENT RAILROAD AND SHOPS.
TIE doubling Thomases have ceased 20
oub5. the raven Of doubt has ceased 70
-oak never more" the men who voted ,
gainst the bonds have ceased 70 '-yowl 81
I'd every. one In Wichita believes in the
rlenr and the increase u values there
s. The Investments in the Missouri Pa
ire railroad IN 1875 and the Rock Island
! lSS6 were 2 good trade To secure il
ustrieS by bonus and is simply 8 bust
ess venture BUT the railroads and PACK
e houses bring the largest return for
.vestnent il The business line for towns.
-e whose lot Is worth S5ooo can arfo-d 20
i've per cent for railroads and he can