The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1911-11-11
city in the land in which to live-make
The Men Had Visions.


The Men Had Visions.
What made these many Industrial
successes The men had visions. faith
in the future of Topeka, backed up
with ability, patience perseverance,
honesty of purpose and hard work with
the cooperation of the consuming
public 1t would take a wizard to
guess how much greater they would be
along with many other institutions If
all our citizens had co-operated instead
of helping some other community.
Almost every day someone men
tions the fact that they have purchased
some necessity in some other city. This
is wrong and the purchaser usually
finds after making a proper investiga-
ton and com pariSon that most neceSsi-
ties can be bought in Topeka as cheap
as they can in any city in the country.
I must help make Topeka the best
place for our citizens to buy and
where our brokers, commission men
able profit it is my duty to try to
equalize conditions.
Il have Travelled over a greater part
of the United States, visited practically
all the leading cities and carefully OBJ
served the conditions of the public and
business in general in every community
I have visited. I can say without boast
ing. prejudice or fear of contradiction,
that Topeka offers just as good oppor-
tunities for the live, energetic honest
of in the United States.
I'VE have been injured by railroads
granting fayOrs to other cities IN our
vicinity. I must help remedy this evil
by trying to get our city on the same
freight rate basis with our neighbOring
grow faster and we could attract other
concerns thereby increase our pay roll,
creating a demand for more homes,
stimulate a more healthy real estate
business.
7 must help educate our local in
dividual investors and financial insti-
tutions to purchase good home indus
trial securities. The people here don't
know how to make this kind of an in
vestment and the most of our bankers
depositiors should demand more 10y
atty to home institutions on the part
of bankers.
should Invest in Topeka.
Sometime ago I asked a president
of a local bank how he invested his
surplus. He showed me a number of
listings of Kansas City, Chicago, St
Louis and New York industrials- I said
Why don't you buy home indus
trials ?" His reply was that the Secu-
rity was not always satisfactory This
indicated that there is money here for
such investment, if they could be prop
erly secured. We have one banker
here who has done more to make some
perhaps any one factor He has made
money and so have the other fellows
1 believe there is a way by which all
Topeka bankers could be induced to
cooperate with our industrial inter-
ests.
Il believe 100 leading business men
of the city could, by giving their joint
notes, borrow practically all the money
to be loaned in our banks. Why not
create an industrial commission, made
~
for the purpose of cooperating with
our different industrial plants. by aid
ing them to raise more capital by Dor
rowing it from our bankers or indi-
viduals at the same rate of interest as
outside concerns Will pay and thereby
give the bankers a gilt edge convert
ible security?
'-The duties of this Industrial COM
mission should be to first thoroughly
Investigate the merits of the PROPOSE
ton seeking loan and if found
feasible make bond issue and in
dorse the bonds of the concern and
take d trust deed for security and
keep in touch with the concern
through proper reports until it gets on
its feet and then release the trust deed
This would not financially injure any
member of the industrial commission
and the borrower would be able to
borrow more money than is ordinarily
considered safe
This would be mutual cooperation
and would be the means of educating
our people to buy industrial security
that would pay higher rates of inter
est than real estate loans and NUM-
cipal bonds
BY patronizing home institutions.
By investing my money at home. by al
ways standing for honorable business
transactions by inducing people to
make this their home and by cooper
atinC enthusiastically with every move
ment suggested to make our town a
m ore attractive place to live I can help
make Topeka the envy of her most
jealous rivals. The Kansas Queen"