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About The Sioux County journal. (Harrison, Nebraska) 1888-1899 | View Entire Issue (Oct. 25, 1894)
. '. . I . . ..... , , - , TOPICS OF THE TIMES. A CHOICE SELECTION OF INTER ESTINQ ITEMS. CataaU and CrttUSteau BMwf TpM tlM Happealua f thm Uar-Mtaiart.-aJ a4 Kaara Ifcotoa, IVktdent Clfvfland has Issued .lln. and if this movement spreads a pro:!aiuaiii'D granting amnesty Lo there apjiears to he every prosu-ct the Mormon. Id due time be njay ( ' ili doing there will he a gr at lm get around to Moux I all. PeUH K'ven to the value of the hech, I for it- nuts are one of the tuost de- The wretched are capable of vlo-1 liclous kio Is of food. Mu'-h dlscus lence as well as perseverance: wisdom ! aion has taken place regarding rela- would suggest caution in provoking such to opj os tion or resi-tance. T ie Missouri man who was placed in jail tor stealing wheat is not like ly ever to re;orui. The nian who steals wheat at Its present-price has oo moral sense wlrateer. I; is sad to learn that the cataract of Niagara has onl , Out) yearS longer to fall over (to r...lj-.i l!n that needn't hinder any of the lately organised companies from utilizing its power. T ik chemist who has found a way to folidPy whisky and form it into tablets may havo (jot hit idea from the old-fashioned lrick In the hat, which ha- been carried aloui by o many persons with no chemical edu cation Tub New .Jersey mother-in-law who horsewhipped hsr son's wife arm his niotrier-in-law ut the same time ha set a disastrous e ample We may imagine the state of the country if it is to bs followed by other mothers-in-law. Tiik Governor of New Hampshire re eives a salary of 1,000 a year. The Governor of Alaska gets t.V-00. with the scenery and the brae ng climate thrown in. There seems to be need or a Gubernatorial Boaid of E Ualiali.n. The Supreme Court of Oklahoma has annulled about 400 divorces that hud heen secured at cut raies and no questions asked. It should at, least have he n decreed by the august tribunal that the griefs thus created be auaged to the extent, o; a leturu of lees. Patkk k O'Lkakv, the owner of the famous cow that kicked ov r the lauji), is dead.. Well, he's doubtless happier. A man that has had to bear the burden of a o-w's indiscre tion for twenty-odd years must have rcuie to look upon death as a desira able relief. HKiiElsa specimen of dramatic (riticisin as she is written in Chi cago: ' The llrst scene of the second act shows a forest of phosphorescent fungi, full of fascinating phania. inagnrcul fireflies lltfullv flitting fast and furiouly." An argument allit erated artlully as above awakens asthetic appreciation:!. Wiiks there's business to be done the wiib-awake uiercbant who advertises ami brings his novelties and bargains beffire the public has the largest share of patronage. As vi 1 be a.n fri-ii) an issue (jf this journal the fihrewdest of tliese always .advertises In lis columns, for they recognize the fact t li a ? the piper circulates widely among the buying cla-ses and results are sure to come. Ov i.y one polar expedit on is not yet heard from. Nausen. theintrepid Iianish explorer, setsaillast year, with the idea of letting his vessel get locked in the ice, ana thus drift ing across the J'ole. This is on the theory that the region Is covered with water instead of -arid. Jlis vessel was provisioned for four years, but th ere are many who (car that the fate of her and the parly will be another of the mysteries of the frozen North. lr was a curious fact that the Owens-Kreckinrldge election In Ken tucky caused arush for life Insur ance. So great was the dread of bloodshed that hundreds of men took out policies. A typical ase wa- that of CapU Ilradshaw, one of CoL Breck inridge's supiortcrs and an officer of the election at Col. Clay's precinct, who i-ald he would challenge that gentleman If he attempted to vote. Knowing that Col. Clay would at tempt to kill him If ho did such a thing the Captain took out a life In surance policy for t lo.ooo. lusur- nee companies In Kentucky must handle some queer risks. M 4 DELINK I'OM.AKD Will not go 00 the stage after all. ot because she doesn't desire notoriety In that di rection, but the man who assumed to be'oiue her manager could not get bookings at any reputable theaters. While rouio women travel on a bad reputation, they must have beauty and talent for histrionic art to do so, but, at Madeline has neither, ih will have to Adopt tome other meant to make a living. She nilgnt have found service In a dime museum Jut after the trial, but tbe case now . lack all Interest for tbe people, who olly. Col. Itrecklnri.lir a.id yj. elluc Pollard have gone down in ob scurity toaether. Qrne a stir has recently boec rre ated lo Europe with referen e to the value of nuts as food f t human tive value of cereals and nuts, the only Important distinction between them being the excess of starch in the former, and the excess of fat in the lat er. The beechnut settles this di-pute by havins a considerable percentage b .th of fat and starch, and it contains as much nitrogen as cereals, be ng also more nitrogenous than the average of other nuts. Also j j.,, W(,(K (l(..lnu an Imiw, riant I ' ' . ; s fuel, and as an article of manu j facture it has cons derable valua What should we do without Ward McAllister to point out to us the I vanity of riches? W hen we are in- formed that a millionaire living in I the West cannot get into society In the hast, I ut must content him elf with sitting out on the porch and watching inherited wealth as it passes by, who of us in the West cares lo further board our lucre or increase it by luves, merits' j;ut is the h uiuhty Kastern American aris tocrat really any better oil t an the heavy swell of the West? ( an not any penniless titled for eigner snub an Eastern milll n alie, and is not any sort of a wretch worshiped bv our haughty I-astern aristocracy if ho happens to teloiik.' to any kind of a titled Kuro pean lamlly? 1 eally, there s noth ing In riches save the comforts thr y may bring or the oppor! unities they may afford a g nulne benefactor of his i ace. IIki: M s.ihsrv the 0 ueen has been giaclously pleased to Issue the, foil w Intf '. rders for all persons who ap pear at Her .Majesty's Castle of . ub lin to put, on mourning for his late Koyal Highness the Comre de I'ans, cousin of Her Majesty; The ladles to wear black dresses, white gloves, black or white shoes, feathers and fans, pearls, diamonds, or plain uold and silver ornaments. The gentle men to wear black court dress, with black -words and buckles. The court to change as follows The ladies to wear Iilai-K dresses, with colored rib bons, Mowers, feathers, and orna ments, or gray or white dicsses, with black ribbons, (lowers, feathers, or ornaments. The gentlemen to con tinue the same mourning." This is Important as a society matter, sinco it cilnes In an authoritative man ner two grades ofcourt grief, besides slating the obje of the sorrow. The mourning, it Is to he added is ' deep" for from Krldav to Tuesday and half" from Tuesday to Friday, and the shoes, feathers, fans, buckles, earls, swords, etc., are to !o regulated strictly in ac-ordance w til the-e several decrees of disconsola tions. Meanwhile thousands of evicted families who aie without homes, food or clothing, are not mu h a hicted about the death of ino cousin of the iueen as t hey are about some con co ns that come a littlo nearer to their natural sensibilities. They would be content to et along without diamonds pearls, fans buckles, ribbons and even gloves If they had huts over their heads, something to eat and a little to wear suitable to the season outdoors in stead of to the "season" in Lublin Castle. Kcoiiomy unci Artifice. The Duchess of liuckingham, In her Glimpses of hour Continents," tells an amusing Maori story belong ing to the period when these natives were at war with l-nglaud. Al so ts of tricks went ou such as are not only fair but conimen lable in war. When t lie Aiaorls were in want of bullets they used to show a dummy in the bush; of course It was Immedi ately fired at. A man In the back ground pulled It down by a string. "Oh," thought the lirltish sold:ers, "we've done for him!" t p came the dummy attain, cau tiously; bang, bang, went the British ril es. Down fell dummy, and this went on till t-ome worse marksman than usual cut the dummy's ro a No Maori would go up ttie tree to splli e It, to thatexposuro meant cer tain death. The bullets were all taken out of a little earth bank which the Maoris had made behind the tree where the dummy ai peared, and were used over again, it was a long time before Ibis artifice was discovered. I'rnctou l,icns. There are American ladles who havo more valuable lace than any Kuropean potentate. Tho laces of the Alitor family are valued at 3 o, 000, those of the Vanderbllls at 1000.000. More lace is bought n New York than In an. other city lu the world. The Tope's lace treasure are aald to be worth $,,ooo, those of the wuecn of Kngland $37a,ooo, and those of the l'rlucess of Wales f'M), ooo. The queen's wedding dress waa trimmed with a piece of Jionltoa natlna t. Uua 1 A RECORD OF RUIN. What Popaliiti Have Done for the State of Kansas- BLIGHTED ITS PROSPERITY. Ho longer an Easy Matter to 8ecnrs Good Loans- FRIGHTfJEG CAPITAL AWAY Populism bai Driven Money out of the Sunflower State. Extern Men Will Not Conmnt to Place Tbelr .Money Where it Had formerly Flowed lu a Steady Stream. When a man assumes the role of leader in public sentiment, whatever be his theories, he ought at least be truthful an honest In his statement of fact. Editor Kosewater of the Omaha lee, and Senator Allen, another Popu list leader of Nebraska, are telling the people of that state that Populism has not injured the financial credit of Kan sas. Mr. Kosewater eveti goes to Die extent of publishing pretended intr views with Kansas money lenders, to prove that interest rates have been low. ered and borrowing of money made easy to Kansas people by Populism. Now, the exact opposite of what Mr. Ilosewater teaches in this matter is so notoriously and painfully true and the evidence so abundant and so positive that Nebraska people need not be de ceived, and if they want Populism they must take it, witli their eyes open To settle this question once for all that Populism as to its effect on state cr'ditroay Btand in its true light, the Journal presents authorized statements from Toneka as well as Kansas City lenders. The lirst man seen in Topeka by the Journal representative was T. B. veet, president of the Trust Company of America which has a paid up capita! of 1700,000 and an authorized capital of 81,000,000, with ollices in Topeka. Den ver and Philadelphia. Mr. Sweet said: "The census of 1V.KJ showed Kansas mortgages to be 8240.000.000, which was, I think an excess of some 8-10.000,-G00 over the actual amount of long time loans in the state then, Since then the people have reduced their loans very considerably, certainly as fast as they could, and now KansaB people have borrowed of long time money probably about 8170,000,00. J lie rate they must pay on this bor-il rnwprl mftriuv rlimitili rni,..lt ,i,w.i.V J w.,pv,..v. ... Ubll UJIWII V.if, Rmoiint of conservative capital which remains with us mid competes for bus iness. Conservative capital is always the lowest in Interest rates of all money. "It is that money which comes from life insurance companies and savings banks m the Kast. and which seeks only the choicest security at the lowest rates of interest. That is the part of our borrowed capital, which, when it remains among us, and offers itself in the market, lias the effect to reduce the price of money generally. When it withdraws, the effect is to raise the puce of money to all borrowers. This consei vaiive capital is always the last to enter anew state and the first to take fnghl mid go away ou the least signs of danger in public sentiment or hostile legislation. This conservative money Is never deposited in our banks or used in ordinary business, for the reason that it seeks a permanent and long lime investment, and is, therelore, loaueu only on real estate security. The fir it signs of Injury to Kansas credit by the promulgation of the dangerous financial theories of the Populist party were tbe withdrawal of this conserva-1 tive money from Kansas, which is practically complete. The effect has been to raise the rate of interest on this $170,000,000 which we now have of borrowed money, about 1 to per cent per annum, a direct increase in the cost to our interest payers of over 82,000,000 annually. Besides this di red cost lu increased interest, the loss lo borrowers has been vary large, be cause loans, by reason of unwise changes in our foreclosures laws, could not be renewed, compelling many fore closures. In localities where Popu lism is rank arid district courts pro nounced against lenders, no lenders, at any rate or on any terms, would place money. "I think that It can be safely said that Populism has cost Kansas borrow, ersover 15,000,000 annually In the last two years by its damage to their credit. We began business here in 1873. Then conservative capital had not yet enter ed the state, and borrowers paid 12 per cent and brokers' commission of 1 per cent per year. In 1800, when Populism began its ciusade, by the aid of con servative capital which was then loaned extenslvrly here, rates had come down to 0 per cent, with to 1 per cent commission. Since the Populists havegalntd complete control of the state it has been impossible to sell Kansas loans In the Eastern market. Out of the very large number of loan com panies which were operating in this state in 1890, 1 do not know ot half a dozen who are now loaning In Kansas, and their business Is so small as to be almost imperceptible. Eastern people have been told generally that Populism will soon subside, and for that reason we are enabled to hold off some fore closures and to secure some extensions, but at higher rata than formerly. Wl-vver .ie b"r- tr "an, m is re- quiied to psy by the holder of the mot t gage, and every dollrir paid got-s Ksst as soon as it cu be collected. Up to two or three years ago, as fast as loans were paid, the money was, not withdrawn from the state, but was lra mediately reloaned to some one else. Now, every dollar goes back to its owner as last as it can get away, and no new money comes in to take its place. 'there is a steady drain ot money out of this state, which is reloaned in Iowa, Illinois J otber states at low rates. The tm.. uul of money that has gone Kast from this state iu the last three or four years is without preced ent in the history of this country. In H'JQ our company here had over 000,000 loaned In this state of which we have sent about $8,000,000 baca to its Eastern home. This company has not placed a loan for over two and a half years in Kansas, although It has loaned largely elsewhere. There Is not one of several incorporated loan companies of Topeka that is loaning a dollar today in Kansas so far as I know. We have defended the credit of Kansas for years the best we could, and every loan com pany in this city has tried to stem the tide of distrust that Populism has brought against the state. It is to the borrowers interest to keen conserva tive capital in the sta e, for the reason that when conservative capital with draws, rales go up and local capital naturally charges a higher rate and the small amount of local capital is not sulticient for tbe needs of a rapidly de veloping new state. Hut Eastern cap iat has gone and tfie people are begin ning to understand what that means lo tnem and when they see the cause 1 think they will apply the remedy. They will reject the false financial theories of the Populist party, repeal Fopulist laws and restore the credit of Kansas. Then nnd not till then will Eastern money return. I don't understand how any man who has any state pride could wish to put upon his state such conditions of humiliated reputationand injured credit as Kansas has suffered from in the last few years." l-'i i ff li tuned Clieii .Money. The Journal representative uext call ed on the Investment Trust Company of Americ i, Mr. II. E. Ball, president, said: ''Populism has frightened cheap money and driven it out of this state. We had 8'.t,500,0JO loaned iu Kansas in e'.D. Of this sum 85,500,000 lias been collected and sent East and in its sleail hiirher rale money has ueen placed. In terest rates on long time loans have ad vanced about, 2 per cent. We are now required, by our Eastern clients, to col lect on all mortgages, where collection is possible, and when extensions of J me are given the rate or interest ciraigedi8 10 percent. If it were in,t for the fear of Populism we would be able to loan in this state at the same rates as are charged in Iowa and Ne braska. There is a strong demand (r long time loans now, especially west of the few river counties, and rates are higher. There are only a lew new loans being made." Mr. A, H. Bates, president of the financial Association, said: "I know of no one making new loans regulaily now in tliis state. Tr.ere may be a uew loan made now and then, where the par-ies have good personal recommendations and where the secur ity is prime I know of many oeople who have tried to get new loans to re place old ones and they have failed and have been obliged to get extensions on the old loan at an increased rate of in terest. The, uncertainly of what will happen in our laws is what scares Eastern people." Mr. T. T. Gill'iigham, of the Inter state Finance Company, s tid: "Interest rates on long time loans have advanced in the last two or three years about to 2 per cent. We are now renewing old loans, but not mak ing any new ones. If you go out into the country among the farmers you will find out about this business." Mr. Van Hook, loan broker, said: The tendency of cheap money is to get out of Kansas as quick as psssible. I bate to say so, but It is true. We are making very few loans about one, now, to where we did 100 three or four years ago. II is difficult to get renew als." Mr. Van Hook is one of the oflicers of the National Morteaue and Debenture Company. Lantern Money Hard to Oct. The next irentleman seen was T. E. Bowman, of Bowman & Co. Mr. Bow man sa'd: "Before Populism hit us here in Kansas we got money from the East and loaned it here at 7 per cent. Now, we can get v, ry little Eastern money at 8 per cent and upward. We have an Eastern correspondent who promised us 9100,000, but recently withdrew it until after election." Mr. Bowman here showed a letter which he bad just received and was vet lying on his table, from an old lady in New Bed ford, Mass. She has been loaning a part of her son's estate in Kansas. Among other things she said: "I am willing to trust you In the future as I have In the past, and I am willing to believe In the honesty of those borrowers out there individually, but please see that no loophole is left in any of the trans actions, as I do not have confidence In your Kansas judges. They will con. strue every point against an Eastern person If they oan." "This," said Mr. Bowman, "shows what Populism and Populist government have done for Kansas In the eyes of Eastern people. 1 could show you hundreds of letters where the same fear la expressed of our laws." ! The next person seen was Mr. Sara oel How, president of the Kansas Na tional bank and also president of the City Keal Estate and Trust Company This company has a pat . up capital of 1100,000. -We now have about 2000 Eastern clients," said he "who are de manding speedy collection of about 2,(Xj0,000, which is iu tbe form of Ion lime loans. We could easily get these loans extended, or get new money to take their place, If it were not for fear of tbe Populists. They seem to be red flag everywhere among moneyed people. Interest rates have advanced considerably in the last two years don't know how much. It Is a diss greeabie subject and I don t care to discuss it at length letter Frwiu Kaetcrn Cliente, Judge Quiuton, of the law firm of Quiuttm & Quinlon. was busy at his desk. He was recommended as one whose business was extensive with Eastern clients iu foreclosures. He pointed to a pile of over 300 letters on bistable. J here, ' said he, 'aie over 300 letters received in the last few days all from Eastern clients, all re (erring to the collections of Kansas loans, and all wauling their money Can't the borrowers get new loans of some one else who wants to put money out ?" "It seems not. Now and then a bor rower gets a new loan, but they are scarce. In the western part of the state renewals are impossible. Iu a few- weeks I have pot judgment (here he showed Ids judgment docket) on 113 loan .. Nearly everyone of these bor rowers lost the land and the mortgagees bids it in. Eastern people are exer cising a great deal of patience about tliese foreclosures They realize the situation and in every case where the borrower cap reduce the loan some be is given extension on the balance." At this point Mr. I). N. Hurge, slier Iff of Shawnee county, entered and was ntroduced to the Journal representa ive. "1 have just sold, at sheriff's sale," he said, "a residence property in lopeka, a brick bouse that would have sold two years ago at S8.000, for $3,505." We wailed six months on tliese parties to get a new loan," said Judge Quinton, "but they could not." M. L. Millspaugli, secretary of the lobe Mortgage and Investment Com- I'.iiy, said: i have been here since We loaned up to 18H0. Up to then, we had more Eastern money than we could place. Now we cannot sell Kansas loans at all. We simply collect and send East every dollar as fast as pos sible. Bates have risen some, where new loans are made. I think about per cent. There are very few new loans made now." John T. Cheeney, of Phillips & Cheeiiey, said: "It would be a picnic to maUe loans now if we had the money or could sell the loans. We are mak ing now and then a loan at 8 per cent, but it requires about double the secur ity that it used to. We loan only about half on a farm that we did two or three years ago. We loan now only $800 to $1,0 HJ on a 150 acre farm here in Shaw nee county, when the land is finely im proved. We used to loan double that amount at 6 per cent. No New Money Kecelied. Mr. Hilton, a loan man, said: "Our firm, in the last three years, has col lected and sent east ?5(K),(KX) and has not received a dollar of new money from the east to take its place. ,We prefer to reduce our liabilities and wait till a change comes. Interest rates have raised between 1 arid 2 per ceut. t is very unsatisfactory to loan money now, as people do not like to go back to high rales." Mr. M. P. Ilillar, dealer in bonds and municipal securities, said; "I have just returned from New York, where I of fered some Kansas bonds to the New York Life Insurance Company. That's a good bond,' they said to me, 'but Mr. 1 hilar, we are not buying Kansas bonds They are iu bad odor and we can't aff ord to have bonds where the people talk repudiation, as your Kan sas pe ,'ple do.' I could not sell she bond, although it was one of the best ever offered in this state. Eastern people say to us: 'Co home and straighten out your laws and the senti ments of your people and then come to us and we will buy your bonds.'" Continuing, Mr. Ilillar said: "I have now a 840,000 C per cent twenty-year bond on one of the best cities lu this state, population 6,000, with line rail roads. This bond would readily sell on a ebraska town at a premium, and all I am offered is 95 per cent." Mr. Polntdexter, ot the Northwest ern Mutual Life Insurance Company, said: "We make a very few conserva tive loans now. I know from personal experience all over the state that long time loans are hard to get." Want of Contt.lence. Mr. P. I. Bonebrake, president of the Central National bank, said: "I have been a resident of Topeka for the last thirty years. I was county clerk of this county ten years; auditor of the state six years; member of the legisla ture, and have been in the banking business for some fifteen years. I have been in every county In Kansas and consider myself pretty well posted as to its affairs. The eastern half of the state Is recuperating rapidly, as would the whole state, had It not been for the dry season of 1804. People are paying oft their mortgages rapidly. We would be In much better condition if it was not tor our bad credit east. Men who are unable to pay find It almost im possible to get extensions while It Is a very extraordinary thing to get ioau of eastern capital to place farm laods now. "TbU want of confideoM has brought about by unrrieodiy legisla tion of the last four years, together with the calamity wail that has brew ifomg up from every rostrum in Kan sas, and also from a Urge portion of the press of the slate. We of Kutsas have done more to damage our repute tion by our talk of the last four years than did the drouth, grasshoppers and tornadoes of the last thirty years. Just now we are going through a healed political campaign. If the re publicans carry the state this fall, as it now seems they will, we look for a change. If they fail tbe end is not yet. The banks are full of money, have higher reserve now than they have bad for years, but tiiere is tio good de mand for it. People are afraid to in vest their money in auy class of busi ness, for fear they will not get a return for their investment. Merchants are running as economically as possible, and every class of business is ru ning at the very lowest possible plane. The leasou for this is, tiiey have no con fidence iu the future. Should there be more unfriendly legislation this coming winter, the stagnation will continue. To sum it up, the farmers who have live stock or grain to sell are econo mizing and getting out of debt rapidly. Die business nun who have resources of their own to rely upon are bettering their condition, but the men who have mortgages to pay and who could, under ordinary circumstances, get extens'ous of time or new loans to carrv them through to better times, are having a hard lime." The Journal representative then called on John H. Mulvane, president of the Bank of Topeko, the largest bank in the city, and showed him the published interview with Mr. Rose water, of ttie lie, pretended to iiave had with him and Mr. Henderson, the issistant cashier, a lew days before. "Ism just now answering an inquiry from Nebraska about that interview." said Mr. Mulvane, as lie showed a letter which he had just dictated to a promi nent financier in Nebraska. 'Neither Mr. Henderson nor myself ever saw Mr. Kosewater that, we know of. If he was here he aid not make himseli or lis business known. I would have told Mr. Kosewater, and T am ready to eli any man from Nebraska, that populism has humiliated this state and njured the financial credit of its people, has cost, them more money in ncreased interest and loss of property by foreclosures than all the combined misfortunes se have ever had." Mr. F. M. Uonebrake, as istant cash ier of the Central National, aleo re pudiated indignantly the interview re- ported by Mr. Kosewater, and declared that he had never seen him that lie knew of, and had made no such state ments as were attributed to him in ref. erence to larm loans. "It is a poor cause," said Mr. Bonebrake, "that re quires to oe bolstered up by such sly and superficial investigation, and such misrepresentation." In Kaunas (,'lt.y. The same views were expressed by the representative loan men of Kansas !ity, who expressed themselves as very certain of the cause or alt the trouble f the state. Mr. K. M. Snyder, who handles a large loan business and lias been in the business for years stated vesterday to Journal lepresentat ive: "I cannot get money to loan in Kansas at any rate or nder any circumstances. My clients will not entert .tin any proposition from that state no matter what its nature is or what the amount of security offered . At the same time I am overloaded ith large sums of ready cash to loan n this city at 5 per cent and cannot find loans enough. I would not, be able to sell a loan in the state of Kan sas even if maue payable in gold, with all other provisions that would ordi narily make a loan desirable, 'the en tire blamn is to be attributed to the foolish laws ot the populists there re garding loans and the fear of Eastern ii.vestors of future actions along the same line." Mr. J. S. Gilbert, manager of the New England Loan and Trust Company stated: "The result, of populist rule in Kansas has been to make it almost im possible to secure money to meet the demands from Kansas even lor gilt edged securities. The rates of inter est have advanced from 1 to 2 per cent for long time loans by outside com panies, and very much more (or local loans by home companies. I know of but two companies loaning in the state at present, and they are hedging the loans with such provisions that but few of the applicants can make it. Fully 90 per cent of the money loaned in the state will be called in as soon as the men can get it. We have found it quite impossible te sell securities from tiiat state down east, as the loaners there associate populism with repudia tion, and do not care to risk their cash where the hazard is so great. In fact, they have just dropped business in the state and when compelled to renew a loan they do it with reluctance. If the state goes against the populist this fall we will have no trouble la getting a market tor our loans, and will be able to handle good loans In the .tate again, I know of many casea where farmers have suffered heavy losses on account of the lack of contldenoe and the consequent inability to secure loans. Tbe people of the state have suffered untold losses on account of the present conditions. It la pretty hard to try to get money for loaos there when we arc confronted wtta the evidences of the corruption that In existing there at the present tlm.n 1 j i it A i 7 i anMiated at nrat bv nturMd oui. , -of