. '. . 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
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