Omaha daily bee., 1907-04-21
OMAHA IN EYES OF EAST
Growth of City and Prosperity Of State
Attract Wids Attention.
LEAD in BUILDING IN NORTHWEST
Wall street journal says Not since
state Was Organized Has
Such Progress been
Apparent.

Never since Nebraska became a state
nave business conditions here been so good
as they are at present. Building operations
IN Omaha and IN every town In the state
are only one Of the indications Of the great
prosperity with which Nebraska is filled
That continued prosperity is expected by
the business men OF the state is shown by
the large building blocks now under con-
, slruction. In Omaha, within the past two
years, 80 per cent of the wholesalers and
Jobbers have been compelled to increase
the," facilities and daily are announcements
OF rev buildings made by this class Of
Every bank in the state is filled with
money and thousands Of mortgages have
oeen PAID altogether or in part Much
municipal and state securities and hut
very little IN corporation stocks.
There are no reductions in new enter
prises due to either financial stringency or
fear Of future stringency
Nebraska farmers are in better financial
shape than probably any other farmers in
the country with no setback i'm produc-
ton Tor hve years and with good prices
aal tne time, the Nebraska farmers find
ever dreamed OF having. In turn 1.-THE
supply OF money among this class Of the
states population, makes business good
with every other class
opinion of wnn street.
That is what the Wall Street Journal has
to say of Omaha and Nebraska. 1t is
merely an indication Of what the entire
east is saying OF Omaha and Nebraska
The Gate city and the Antelope state by
their unprecedented growth and prosperity.
are filling the eyes of the magnates with
wonder The Journal also comments on
the conditions in other western and north
western cities and states, but gives first
place TO Omaha and Nebraska. 1t finds
after making a thorough investigation of
fucts that greater progress, greater growth,
greater development and greater general
prosperity are to be found here than in any
other portion Of the country
On fact, which has acted like a powerful
magnet in attracting attention to this city
is, that Of the $273,O5O expended in build
ing operations during 1906, "a per cent, or
all but &SIOO0, was local capital. Eastern
financial men pronounce this fact the best
Indication Of positive stability and faith of
Nebraskans in Nebraska and its metropolis
The same overwhelming ratio, will IL is
believed, be maintained this year when
the aggregate expenditures will far exceed
those of one year ago
Faith that Moves Mountains.
II the people Of Omaha have that much
money to put into buildings and that much
faith to back them, then people from other
cites with money TO invest need not be
afraid to come here and in fact they will
not be afraid, but will come. are coming
wherever 1t is possible, and placing their
money in local Institutions" said a bust
ness man.
Il am astonished to know this is a fact, u
said prominent Kansas City man who
was told of this situation. why, exactly
the reverse is true of Kansas City, which
Is making such remarkable growth; there
foreign capital dominates"
And TO illustrate his point he told a little
story.
"a Kansas City and a st. Joseph man
met the other daV ms n
haId. st. Joe. St. Joe. let's see, believe
have heard Of that place before; Oh yes
It's the town up the river"
yes the town up the river that fur
nishes Kansas City with its capital for
improvements" interposed the St. Joe man,