Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1911-11-30
Ebb and Flow Of Cash In Kansas
|8
By c. L. BROKAW, Kansas City, Kan.

Another item OF expense In Kan
sas, which ! hope will gradually
grow less as we learn to buy our
own bonds in the state. Is interest
on bonds and mortgages held outside
Of the state, principally in the east.
You bankers will recall the fact that
you write q large number Of drafts
on New York and Chicago each
month TO cover these items.
Again, you have doubtless con-
sidered our monthly insurance prem
ium bill. In 1910. fire Insurance
premiums were t4.27S.2ss. Of which
$3.50, 900 went to foreign countries.
Old Line insurance premiums, $6,-
6S7. 639: casualty and miscellaneous,
sSS2,S02; fraternal organizations,
81, 9S2,l12; a total Of Si4ssS0,30S
per annum or S1.235.5s9 per month.
Z Losses paid were: Fire insurance.
@2,521,174;. Old Line insurance, ST.
324,729; casualty and miscellaneous,
$3.50, 1898; fEaternal organizations,
s2,955,721; total, s7,SS2,022. To
losses paid in Kansas, We should
add commissions estimated at $3,-
SOC ,061; total of $10.898,O83,
leaving net excess Of premiums
!
paid over returns Of $3,942,225, in
1910, approximately $4,0O0,O00 per
annum or $4,000 per month go
ing out never to return.
During the last 40 years, there
has been sent out Of the state in fire
premiums $72,500, 100000
and during the same time, the losses
paid were sS7,SSS,OOO, or about Y
the amount OF the premiums, to
which, Of course, should be added
about IL per cent for commissions.
In the line Of expenditures. we
must remember that we buy outside
Of Kansas a lot Of our agricultural
almost everything with
which the farmer tills the soil and
plants the seed and reaps the har-
vest is bought outside of the state
his wagons, his harness. his bug
yies, his carriages, his saddles, even
his buggy whips are bought out
,ide of Kansas.
We must remember, also, that al
most every article of furniture in
,ur homes with but very few ex-
,eptions, Ii made outside Of Kansas.
We buy our drugs. our grogeries, |
,ur hardware, our wall paper and
,aint, our lumber, our musical in
Itruments and books, in fact, almost |
iii manufactured articles are pur-
biased outside of the state, and for
hese articles, there is flowing out
i the state constantly a large stream
Il money.
We buy all of our clothing out
u Kansas. For example, the popu-
alton of Kansas is about 100, 1000.
I the people of the state, big and
title, old and young that means,
,uy two suits of clothes "a year.
hat means 100000 suits of clothes.
I they use two hats year--the
ladies buy more-that means 81
90. 600 hats. Two pairs of shoes
ach would mean 100000 pairs of
hoes, which would Indicate that for
hoes alone. probably spend out of
he state $s,50O.OOO annually. This
Notwithstanding the fact that we
aise the leather right here in the
tate and than tan bark could be
hipped to Kansas as easily as it
ould be shipped to Massachusetts,.
| would seem that the great central
lains Of the United States which
aise the raw material should also
1t and keep the profits
I home.
The automobile and vehicle bill is
Il paid outside of the state and
very time the owner Of Kansas
utomobile buys gallon of gaso-
ne, he is contributing something to
he profits of the Standard Oil Co
Again, another Item Of expense is
he travel expense. Kansans are
reat travellers, and you would on
: have to stand around the ticket
ifices Of the transcontinental lines
nd the steamship companies in any (
I our large cities to realize how
Iuch this takes out Of Kansas every
am not saying that it is not
lstified. am only stating q fact. !
Another item, possibly not large, ]
the expense that is paid for edu-
Itlon to colleges and schools out
de of the state Of Kansas II has
zen suggested that possibly not
'er 5000 people 90 outside Of the
ate for their education. but II that
the number. they would doubtless ,
lerage In expense $1,000 a year.
hfeh would man a. 0nn OO0 mar 5