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Wichita eagle. (Wichita, Kan.) 1886-1890, March 16, 1890, Image 4

Image and text provided by Kansas State Historical Society; Topeka, KS

Persistent link: http://chroniclingamerica.loc.gov/lccn/sn85032490/1890-03-16/ed-1/seq-4/

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MAKSHAJTj il. ML'KPOCK. TOItor.
SUBED"? COMING.
A letter That Is Understood by Many
but WMch Interests Wichita in
Particular.
Business is picking up in "Wichita.
Money is becoming more plentiful and
collections are easier. All branches of
trade have a brighter outlook. There
are strengthening hopes and a renewal
of confidence betokening good times.
Despite the depressing prices of all
farm products, the ereat aggregate of
corn and wheat and of oats sold since
last harvest is being sensibly felt. And
besides there are vast sums of money
which have been paid out at the Union
Stock Yards in this city during the win
ter by buyers of cattle and hogs, the
largest per cent of which money has
gone direct to the farmers of southwest
Kansas, and which is swelling and en-
Inr?iiir the volume of currency and I
stimulating all branches of local trade.
Of course the largest and most
prosperous commercial city in the state
would be the hrst to ieel the impulses or
renewing activity and life. Business
rooms are scarce and hard to get and
vacant houses are scarce and growing
scarcer daily. In a number of instances
dealers have doubled-up in the occu
pasicy of the central business rooms.
Wichita, like all western cities such as
whose futures are, on account of their
location and prestige, known and under
stood by every passer by, has been sub
jected to occasional rushes, and will be
again, especially so because of the fa
vorable nrices at which property is now
held, but nevertheless holders realize
that there is more money in Wichita
realty at the prices at which it is
coing now than ever before,
which renders the market staple
and steady. Moreover, there is no prop
erty holder in Wichita but that is fuliy
convinced not only that there is more to
be realized in tho future on the present
prices of property here than on the
property of an' important city in tho
west, but that to sell property at the
present prices for the purpose of invest
ing money in the boom prices or inflated
prices of towns and cities of not half the
prospects and which are totally lacking
m the solid backing that Wichita boasts,
would bo worse than foolishness.
There are not only prosperous times
in the near future, then, for Wichita, but
great things in the way of growth and
development, and none so thoroughly
realizo that fact as her own
people. No city in the west,
not excepting either Kansas City,
Minneapolis or Denver, has suffered so
little, and none has in fact held their
own, during tho depression of the last
rear or two, in the satisfactory way that
Wichita, has. There is not a city in the
west, and tho cities named are included,
that does not show a greater number of
failures of business firms, more empty
business rooirs, inoro deserted tene
ment houses, than Wichita has shown.
For a truth Wichita has not had a busi
ness failure worth mentioning in three
rears, while the number of her firms and
of other business interests have gone on
Increasing. The prosperous times ahead
therefore is not only "m the air," but
lliere is an assuring logic and a multi
plicity of reasons that warrants the pre
diction and conviction. Outside people
may, and no doubt will, rush in upon
us again and Wichita will more than
over be left without tho possi
bility of that stimulus afforded
by competing rivals, as Wichita
as a commercial city no longer nor can
liave any rival on the soil of Kansas, yet
she will nevertheless gather to herself a
momentum and solidity which will com
pensate for the rewards that have come
mi the past through sacrifices and tho
victories, that have come of extra exer
tions incited by the ambitions of others.
And, so, while our own people actual
ly know from a demonstration that
conies of their every day experience that
Wichita is feeling the impulse of re
newed life that rests on the solid bed
rock of a steadily expanding business,
il is equally true that the more observant
people of the state at large are not onlv
convinced that such is the case and in a
degree shown by no other western city,
but tho wliole state is looking forward
with lively anticipation to the time, in
the near future, when their own towns
and cities will again catch a reflex of
Wichita's prosperous example, convinc
ed as they are that Wichita will be the
iirst citv iu the state to throw off the
depressing influences brought about by
the low price of our agricultural pro
ducts, and, being the most important
commercial city m the state, therefore
will be the first city to
show reliable
signs of returning prosperity to Kansas
and the west.
T(. , . , , !
It transpires that the energy expended j
by certain of the state press in objecting
to the appointment of tle Minnesota
minister as chancellor of the state uni
versity was labor lost. He declines,
w ith thanks.
Koscoe Conkling once said that if Jay
Gould ltad gone into politics he would
have made the master politician of the
country. But if Jay Gould had gone
into politics he wouldn't be paying the
$2,590 a year pew rental that he is to
dav. The thing thai the Repuolican party
leaders of Kansas must decide before the
calling of the next state convention is:
Have a respectable iniuoiity, even.of tho
party a right to demand and have
MiTorded them another opportunity to
vote again upon the question of consti
tutional prohibition? If said leaders do-
cide not, then llwra will be a new set of
leaders or the same old leaders with the
-Republican party in the minority,
.ENCOURAGE HOME INDUSTRIES.
A number of Kansas City, Kan., capi
talists are talking of starting a smelter
Muncie, a small town eight miles west of
that city, on a tract of land owned by
them. The tract where the company
proposes to plant its works is known as
the Uinter bottoms, and the total
amount of property controlled by the
organization is something over 3,000
acres. The extensive works at Argen
tine, near by the largest in the United
States has proven a profitable enterprise
to its owners and an important one to
the community, but its value m the fu
ture wiil depend largely upon the action
of the government in the matter of tax
ing or admitting free the ores from Mex
ican mines that are in a measure essen
tial to the successful prosecution of that
important industry. The same condi
tions apply to the new enterprise. With
the necessary Mexican ores to be had at
cheap rates the Muncie smelter will be
put up and set agoing in a short time,
and this will be followed by others in the
same vicinity, as well as at other points
in the state.
The benefits of such enterprises are
double in their effects, giving employ
ment to large numbers of people here, )
and in opening the way for and encour-
airiner the develnnment of a desirabln
and desir-ed forejga trade in our products.
The shortage of thirty-odd thousand
dollars in the cash account of the Mis
souri state treasurer pales into insignifi
cance when placed alongside the dis
crepancy of over .$300,000 between the
cash received and cash on hand in the
treasury of the state of Mississippi.
The readers of the Eagle will find
themselves treated in this issue to a va
riety of exceedingly palatable and nutri
tious mental food, prepared by several
superior caterers. The menu embraces
both substantiate and dainties, and we
are persuaded the whole of it will be
consumed with a relish.
The orange trees of Florida are re
ported as ''badly nipped" by the recent
frost But then, the Florida oranges are
getting so that the' can stand abouc as
many killings by the frost as the Dela
ware and New Jersey peaches. If the
fruit culturists of these extremes want
to escape such risks to their business
they want to come to southern Kansas,
where fruit never fails.
Tho verdict of the Iowa State Register
on the operation of the inter-state com
merce law is that it has closed up neaily
every Iowa manufacturing institution
which shipped goods out of the state,
and has been almost as disastrous to the
farmers under the operation of the long
haul clause. There is abundant testimo
ny of this kind, the correctness of which
is unquestionable. Since the tho adop
tion of the inter-state hw tho producers
of the west have been at the greatest
possible disadvantage, through the per
fection of combinations and the advance
in rates of transportation. The east is
not affected so visibly because the pro
ducer and the manufacturer are so much
nearer to tho sea-board and to' the staple
markets. The question arises, what are
we going to do about it? It is easier
asked than answered: but if the voice of
the west could be heard and heeded the
pernicious enactment known as the iu-ter-state
commerce law would be wiped
out in a jiffy.
The press is still discussing tho farm
ing interest, and usually wind up their
profound dessertations with the ques
tion, "Does farming pa'':"' The answer
as to this, as to every other enterprise or
vocation, depends upon tho individual.
Some people make a miserable failure of
anything and everything they under
take, while some others prosper and suc
ceed at whatever they eugage in. Take,
for instance, the case of one Sedgwick
county farmer who, although ho can
give no detailed account of the cost of
raising corn, yet ho has raised little else
but corn for fifteen years and saved $00,
000 during that period. Phenomenal as
this may seem to the inhabitants of any
other state or country, it is by no means
exceptional. There are scores of farm
ersand by farmers we mean men who
liuve tilled the soil and performed other
farm labor with their own hands in
Sedgwick and adjoining counties who
have done as well. The farmer who
fails to make money in Kansas will fail
anywhere else on earth,
ated. And what is true
similarly situ- j
of farmm" is I
also .true of almost every other line of
business known to legitimate commerce
and industry.
HOMESEBKERS' .EXCURSIONS,
Kansas Cjty, Mo., 3Iarch o, 1S90.
To connecting line.
Recognizing the necessity of populat
ing the unoccupied agricultural lands of
the great west, tho people of Kansas
have perfected organizations and contri
buted funds for the purjiose of advertis
ing their resources iu the east. A very
earnest spirit has been manifested by the
publie in this move, and the vanousruil
roads strongly urged to take the neces
sary steps in the way of reduced rales
and other measures of co-operation to
produce the largest results in the desired
direction.
After a careful consideration, the lines
party hereto have decided that a series
of low rate homepeekers' excursions
would result in a development of the
west that would have future results lmrd
to overestimate.
i The reugkukms proposed for these ex
j cursious have been devised with the
i idea of affording the largest measure of
protection to regular business, and at
the same time be .sufficiently liberal not
to defeat the object sought to be gained.
w e theretore tender to our connec
tions a basing rate of one lowest regular
first c!a tantf rate for the round trip,
with exception. Itereui named, for a
series of housekeepers' excursions on the
following basts:
To all points in Kansas except that for
tickets sold through Missouri river gate
ways, a minimum rate of 3, added to
the lowast one-way rato to the nearest
Missouri river gateway, shall applv.
Tickets to be sold April 22, May 'JO.
September 9 and 23 and" October 14. ISfR).
Tickets must be of the usual iron chid,
non-transferabla. form, limited to con
tinuous passage in each direction, with
final limit for return of thirty days from
date of sale.
Tra-s-Mis?ocri Pass. Ass-.
Lee It Answer.
Ftmb rite Emporia Nuws.
Put sugar on the free
list, and
f???0"1" oter ""H"05 on the various j
jobs proposed, aud where is the money
io come from to meet the requirements
of a service pension btli? Tbe Emneria
1 Republican- mnr a aswer.
ROBBING THE FARMERS.
Grain Gambling' Denounced.
In the Chicago Herald of March G ap
pears the following:
Charles A. Pillsbury, general manager
of the consolidated" milling plants at
Minneapolis, now controlled by an Eng
lish syndicate, is greatly pleased at the
stand taken by tbe Chicago board of
trade in proposinjrto shut off quotations
after March 21 in order to close up the
bucket-shops. "Itris a very good thing
for legitimate farming and "milling in
terests in this section," said 3Ir. Pills
bury to the Herald correspondent to
night. ''These bucket-shops are largely
instrumental in causing the ery low
prices at which grain of all kinds is now
and has for years been selling, and if
the evil is not checked grain will abso
lutely be worth nothing in the course of
a few years. Anotberstep which would
cure the whole trouble would be to stop
any short selling of grain except from
parties who absolutely own or control
the product, and would be able to deliver
the same if called upon. I believe this
will be done within a very few years,
even if the constitution of the United
States has to be amended in order to do
it. It is a mystery to me that the Farm
ers' Alliances and their representatives
are paying attention to minor
evils and overlooking the vampire that
is eating the very life out of them. In
stead of being antagonistic, the milling
interest and farming interest should
work together. These low prices are as
disastrous to the milling as to the farm
ing interests, and I am willing to stake
my reputation that tho majority of the
mills in the northwest have lost money
during the last three or four years. I
never knew the milling interests to be
urosperous on low prices of wheat. The
legitimate situation has been such dur
ing the last three
oi tour years that
th 1 per bushel at
wheat should be wor
eveiv railroad station in Minnesota
This tremendous short selling of hun
dreds of millions of bushels, which the
party selling does not own or never ex
pected to own, added to the lanre amount
of actual sales, has knocked the bottom
out of the market. These "wind" sales
have at present just as much effect on
the market as genuine transactions, for
the reason that these big bears have been
so successful in their selling that their
very prestige draws a big amount of fol
lowers. This evil has grown to be so tre
mendous that it will tend to depopulate
the farming communities unless it is
stopped.
"The idea that the millers have not
been paying the farmers enough for their
wheat is entirely wrong I will put up
a largo forfeit that I can prove to any
fair-minded committee that, with the
exception of a few mills who have a
very great reputation for their flour,
and whoso product will sell at increased
prices on account of this established
reputation, most of the mills have paid
more for wheat during the last few
years than they could afford to pay.
The fact is, the production throughout
the world has not increased anv, takinjr
it as a whole, during the last five or ten
years. If this short selling is not checked
in some way in live years irom now
wheat will sell as low "as 25 cents per
bushel at the different railroad stations
in Minnesota. The Chicago board of
trade is now working in tho right direc
tion, but after they have closed up the
bucket shops let them close the gamb
ling on their own board and confine
their business to legitimate transactions.
This whole western agricultural country
would see such a boom as it has not seen
for a great many years. The legitimate
conditions are all right for it, but the
illegitimate conditions could not be
worse."'
As to whether Mr. Pilsbury is correct
in saying that tho millers of Minneapolis
have paid as much for wheat as the
price of their flour would justify, we
are not sufficiently informed to decide.
But in so far as he ascribes the present
low prices of wheat to the system of
gambling in grain which prevails in
Chicago and other cities, there can be no
reasonable doubt that he is right. The
greatest enemy that the farmer has to
contend with today is the "short seller;"
the man who is eternally offering for
sale thousands and millions of bushels
when he does not own or control a single
bushel, and in nine cases out of ten will
not bo required to own a bushel, because
these sales are
re "wrung out-' and settled
"clearing house,'" as it is
through tho
called, without any actual grain being
needed in the transaction. In the end it
turns out to be mere "wind." But at
the time the seller is offering to sell it;
at the time he is howling himself
hoarse in the board of trade trying to
get some one to buy it, it has all the
appearance aud all the influence in de
pressing the price that actual grain
could have.
A bill has been introduced in congress
u iUr' "".erwortn, or Uhio, which
s,eeks to impose heavy license fees and
taxes upon this system of short selling
(or, as it really is, gambling) in farm
products. On its face the object of the
bill is to provide revenue for the govern
ment. Bur, judging from the high rate
of licenses and taxes it imposes, it is no
doubt intended to practically descroy
this great evil. It imposes these burdens
on deals in what is known as "options"
and "futures," It is certainly drawn in
the interest of the farmer and against
the interest of the speculator. The de
termined opposition the bill has met
from the grain quarters where this shore
selling is carriod on is sufficient evidence
that the gamblers in farm products will
defeat it if possible.
In our judgment, if Mr. Butterworth"s
bill becomes a law, tbe evil pointed out
by Mr. Pilsbury will be torn up, root and
branch, and a greater degree of prosper
ity than any other legislation could pos- '
sibly give them.
THE SWINDLE OP OPTION DEALING
M. M. McEnnis, president of the cham
ber of commerce of St. Louis, has given
out his views on the Butterworth bill for
publication, in which he holds that the
law of supply and demand does not ac
count for the present depression in prices,
that there is no such surplus of farm
products as claimed, but that "futures,
"puts and calls," and that character of
option dealing is tha trouble. He savs:
"Many sales of this kind are made '
months ahead of tlie crops and forestall
any cnance oi tne producers getting the ' business, it took men oi aoiuty to e
ad vantage either of tbe foreign demand ' cure freight for railways before the in
or any benefit or a short crop. In fsct, ' terxate commerce law west into erfec.
the short seller's interest will tempt him j but now that is not required as it is all
to use any means in his power to falsify j machine work.
the market to keep him from losing ( Competition between railways is as
monev, even to making washed soles and j legitimate as it is between bttsineas men.
circulating rumors of yellow fever, etc, . and what would we do if that did not
to tbe injury of the buver. i exfetl' A successful competitor is a man
"Selling promises to deliver products
mill tne setter noes not own implies the destroy tbe ability to do ana dare. Tne
beiSef. in lower prices, and if the seller interstate commerce law is preventing
is mistaken he is tempted to use such j men of abilitv from using their intelii
means as will break down values by call- gence for tbe benefit of trade and com-
ing ruinous margins, making false re-
norte of btock, damaging tbe financial (
reputation of tbe buyer, and if aH fails, ,
he lays down on hfc contract, stinks be-
1 bind a corner rule or ntacea; tuanslf m s i
writ proof position: claims he was un
fortunate, and offers 10 cents on the
dollar for a receipt in full, all of which
retards legitimate trading, destroys con
fidence and drives capital out. For who
would invest in the actual product and
hold it against such odds, or what farm
er is encouraged to raise a crop that
wouldhardly pay for the seed he uses?
"The number of these transactions and
the quantity of wind bushels of grain,
pounds of cotton and hog products that
are sold on the market amounts to ten
to twenty times the total quantity pro
duced, and ends in bankruptcy to the
producer first, then the banks and coun
try next. These wind gamblers are a
curse to the community, they are drones
and snould be cast out.
''Sellers and buyers of 'puts' and 'calls'
are only an off shoot of this nefarious
business, and are generally those who
being successful among their sharper
brothers are reduced to smaller and less
dangerous enemies to the public.
"Bucket shop dealing, whilst looked on
with contempt by the larger wind sell
ers, is just as honorable as selling what
you do not own. and is hardly as de
moralizing, as the amount of risk is usu
ally limited to the amount of cash in the
hands of the applicant; however, a great
deal of his money is filched from un
fortunate employers wiiese confidence
is betrayed by the men and boys they
employ.
"One of the most serious results of
bucket shops and 'puts' and 'calls' deal
ing is tho demoralizing effect on the
youth of the countr. who, with a small
sum of money, can cet into the vortex,
j and once iu their morals are usually de
stroyed: in fact, we are raising a nation
of gamblers, instead of producers or self
supporters.
"I claim there is no over production in
this country, for every pound of food
j that is raised, and twice as much more,
, could be disposed of at higher prices
n .fc is wiorth ow if sfcmt s'ellillg
could be stopped. Foreign operators not
only know that our product is cheap;
they want it, and would buy it, but they
fear to buy a cargo in this country for
the reason that supply and demand does
not govern, and before they could re
ceive the goods the chances aro the mar
ket would be put down by short selling.
And besides, through the wind system
of grading, inspection and regular ware
house of or delivery changes they may
not get the quality bought, and besides,
in case of future sales under tho pre
vailing system, the seller may hide be
hind the corner rule and default his con
tract. "I sincerely hope the 'Butterworth'
bill will pass;" it is a step in the right
direction, and I further hope the general
government will yet pass a grading and
inspection law that will be general and
uniform all over the United States, free
from the control of boards of trade or
politicians; also a law declaring future
contracts shall mean actual delivery of
property, and that wringing out and
changing of the original signer to con
tracts shall not be allowed, and that the
original signers shall not be relieved
from responsibility until the contracts
mature and arocompietc."
HIGHER PRICES FOR FARM PRO
DUCTS NECESSARY TO GEN
ERAL PROSPERITY.
To the Editor of the Hallway Azc.
In your editorial comment upon a
former article from me in relation to the
necessity for higher prices for farm pro
ducts in order to increase the traffic of
the railways and benefit the business in
terests of the country, you jumped at a
conclusion and misquoted me, assuming
that I take the stand in favor of a com
bine on the part of the farmers for the
purpose of withholding the grain and
other products of the soil from the mar
kets until the artificially produced scarci
ty compels consumers to pay the prices
demanded. Permit izie to correct this
impression, and say that the farmers are
justified in combining to stop the artifi
cial trading m the products of then
labor for the purpose of depressing the
prices for the benefit of a few bears, in
juring the wealth producing induatry
and reducing the purchasing power of a
class who use their money for the devel
opment of the country and contribute to
the support of every manufacturing in
dustry and railroad interest.
I do not believe the farmers aro justi
fied in withholding their products from
tho fori tf mate de.iler in order to m:ike
better prices, but they are justified in
saying that a person shall not gamble on
farm prodrcts to injure the farming in
dustry. Tho fact is, a depresseu market
exists and this is due, as I believe, par
tially, to the fact that the bears are
educating the people to believe it is
not necessary to handle, legitimately, a
product in order to make money. Their
object is to prevent capital from engag
ing ill legitimate business and turn it
into option trading. They scare the
business man and tell him there is an
overproduction. They scare the farmer
and force him to sell his products.
The bear is no friend of the business
of the country, or he would not use his
power to depress values. lie is the
power behind the throne which is driv
ing the money out of trade and forcing
it out of the legitimate channels of com
merce. They have actually compelled
the bulls on 'change to turn bears, and
being so much more powerful now than
thor- ii;l m 1m th. mmmissinn men of
thp'hoardsof nidf been to realise that and commend! Mr. Henry Ueorge's theo
ttie boaruaot tiadc oeg.n to realize tnat nes our consideration. I have ttiven
the bears, m carrying the price;, so low, n)Uch (UentloQ w the theories of Hearj
have almost wipeU out legitimate specu- cie0n.e and think them visionary in the
lation. ! extreme and if in operation here, wouid
There must be an upward tendency in fcav tue saineetfctas in Southwestern &
our markets to stimulate business. An ! ber.a where the orwnineot owns All tbe
upward tendency draws out money ami J "d ami the Improvement and ttent of
.,. it ln hi-nw Tha mannfarttirpr progress i expressed by one word "NiL"
piacec it in Durness, me manutacturer w c-rimalv shall not try Mr. Georee.
must have it. and every other industry I th m tbe twted stior torn tim.
must have it. If there was an upward nd j.bouiu w re-dUtribata property toe
market and higher prices prevailed the j resnlt would be but a repetition of wtoat
interstate commerce law would partially took place after ta r-dutri buttons made
succeed, but as it is, it is of no use to the I under tbe Ajframn laws of Home. It w
railways or any other kind of business s there found neoMsary, after brief interval
the reason is because it fails to estaWteh i " J f" d,J,S!,2L ST"-.2S2!!i
i.. -. .i .i., t r . . ' having wuca unaergooe no auuerMi
a market for the produce. In fact, tlw cfuau we m &ad uw property
interstate commerce law destroys that . again gravitation into few hands la spite
which makes the railways work for bnsi-. of statute "-ecsing to prohibit it
nss that is, competition a natural law ' Now let Mr. Dxis explain how he in-
wiiicn is a stimulant to au Kimis of tui- j
ness. Xo fixed law can control the nat- ;
ural laws of trade and commerce. If it j
were possible for the interstate commerce i
commissioners to say what each state
should manufacture, produce and eon-
suuie, ana establish prices tor the com
modities, then it could regulate freight
rates.
You say "the railways, wlien left un- i
fettered, were most potent influences in i would have the same effect as in soutb
egtablisbing manufacturing enterprises western Siberia. Where does Mr. Davis
at innumerable localities throughout tbe j get bis information tbat Mr. George's
couulrv. etc. This is true, because i theories are in oteratou in soathwM tsm
then there is competition ami a health r I
rivalry the same u in ail other kinds of
of ability. Destroy com petition and yon (
uwrce, and strangling the dereJopm
of tbe raitwsr interests of our ioui trr
Let the lars of Ouca.J - ' :-" '
cities fortu a. .-jtibiruu.". , ;.-u ;. r
orrsntsntios ft ui. out oi ca- uti&ot wc ,
a year and let wheat and other fArm
products be subject to those who will
egitimatelv buy and trade in them,
handling the actual stuff. There is no
question as to what the result will be.
Capital will buy this stuff and store it.
Competition will come in and bid up the
prices. Make it possible for people to do
business and they will do it.
You admit, "that the speculators
are responsible, to some extent, for the
fluctuations of prices," but assert that
"overproduction by tho farmers in this
and other countries seems to be really at
the bottom of the trouble." I beg to say
that overproduction is not an established
fact, only an assertion; there is no over
nroduction. The United states todav
j could not export one bushel of wheat if
it was not because she has a corn crop
to fall back on. It is said that "wheat
is the brain food of the world," and the
growing of wheat should be stiniulated
instead of depressed. Is it not true that
wheat is grown less and less every
year compared with the increase of
population iu this country?
In the past three years prices of nearly
all commodities have been going down,
which has not stimulated people to go
into business. Capital does not go into
legitimate business for the purpose of
buj'ing high and selling low for a profit.
The consequences is that money is tied
up. But you start an upward tendency
to the market and capital comes out and
takes hold of business, because there is a
profit in it a legitimate profit. If the
price of the commodity goes too high it
regulates itself, as, for instance, if wheat
goes to $2 a bushel people stop eating
wheat and eat something else. If butter
goes to 50 cents a pound, while it may
taste better than if it was worth 10 cents,
people do not eat as much of it, or use as
much of it: if production increases the
price goes down. I am of tbe opinion
tiiat the sooner the railroads and tho
business men and the farmers can get
together and see the causes which are
producing this depression, and use their
best efforts to remedy it, the quicker tue
question will be solved.
i here is no more necessity for a hear
to depreciate the value of property than
there is for a wrecker to destroy our rail
roads. They are no benefit; they do not
work for a benefit; they are panic breed
ers, aud their whole aim and tendency
is to destro- confidence and create dis
trust. Establish an upward market for
farm products and the rato question will
be settled, and there will be no necessity
for legislation. H.
WTichita, Kan.
A REJOINDER TO C. WOOD DAVIS.
To the Editor of tho Eacie.
"Fools rush in where angels fear to
tread." In laying myself open to the
criticism of Sir. C. "Wood Davis I may
be verifying this proverb. Mr. Davis
seems determined to write down every
theory that does not recognize over pro
duction as the Alpha and Omega of in
dustiial depression. In fact he will not
tolerate theory, lie is satisfied alone
with mathematical demonstration. Yet
in spite of his figures I imagine that tho
many correspondents of the Eagle
whom ho has assailed do not feel them
selves to be entirely demolished.
In all that has been said in the Eagle
on the industrial question Mr. Davis fails
to find anything of merit. I would not
imitate his example. On the contrary I
must commend his very sensible obser
vations on tho money ouestion. and 1
shall admit further that in his first ar -
tifiln lift pnmc nfiir rnnvinrincr mo "that
we are suffering from a btate of agri
cultural congestion, chronic in form,"
but this is not admitting that "the pres
ent depression is wholly and purely ag
ricultural." Upon this matter is the point wherein
Mr. Davis' argument is at fault lie
quotes figures proving that the price of
corn is controlled by the Jaws of supply
and demand, and in his anxiety to reap
further lesuits from his research in
statistics he assumes that these figures
prove that over production is the crying
evil of the day. We find from his
figures that in 18T2 and 1S74 corn and
all farm products wore worth far more
than they aro now, yet there was a great
deal more distress on account of
hard times then than there is now.
So from 1874. to 1S79 the
price of farm products gradually
declined while the times gradually im
proved. Again, we find from these same
figures that in 1873 there was less than
four-fifths of the amount of land in cul
tivation per capita than there was in
1&S9. and only about four-fifths the
amount of corn and wheat per capita
that there is now, while the financial dis
tress of the present time is incomparable
to that of 1875. Verily, Mr. Davis must
have forgotten the purpose for which he
was using his figures. " If tliese figures
indicate anything as to the effect of over
production it would seem that over-production
is a benefit.
As Mr. Davis sometimes rawsos the
mark in his use of figures, he is equally
unfortunate m construing the views of
others. The first two paragraph of his
article of March 4, wiil illustrate:
Iu a recent i-,ue of the EAOLK Mr. IL L.
Shannon questioussom- of the conclusions
suited in my recent article nnd I infer that
he thinks permanent rtlief from a state of
industrial depression can came only from
such a social upheaval as will bring about
a reUHtnouuoa ot me prouucwi oi.Miiw,
ten that 1 tmnlc permaoeot relief ran i
come only from a distribution of tbe '
products of labor. I mm! nothing about
a redistribution of the products of laour,
and in fact, if not in terms, I did in sub-
stance oppose that idea.
If Mr. Davis has in fact riven much
attention to the theories of Henry
George, it strange that be should sar
that such theories, if in operation here.
Liberia, or tbat tbev are in anv war
similar to tbe agrarian laws of Rome' I
think that the attention tbat he
given to tbe theories of Henry feorgf
has been in reading after writer hke
himself, who either knowr nothing of
those theories or esse are ruJ. candid .
enough to state them fairly. f
Now, Mr. Davis, let me request that I
wnea you iraoaww o w any oi uie ;
propoaunas Jicnry ueonre ?.u u ,
bit own language. I aaa certain that h I
am express fj proposuh.rtu, iu:;v a we-.i ;
as roucan ; t .i.rn a mat you w.u .-" -
nothing bv sobnticatiag bis' language m i
tb ptecp of row own chwanc (bc-ie.
1-or
tbe bneht of those readers rro
nm-rlnri -
ic-:r k n'w led;.' cf Th -ij.
air-'-' r.-J.s 3 sJw - . x .j- a-
1 .
;tii4V..': C
We are Selling the best Kid Gloves Made,
Centinerri & Co. Kid Gloves. Only asrents west of Chicago. Perfect fit,
ting. "Bxqnisite finish. All the new shades and. black. You will purchase no
othor after wearing a Cedtenerri glove.
We place on sale a full lino of colors id the celebrated brand of Biarritz
French Kid Gloves. 2o "buttons or hooks. Just the thing lor street -wear or
criving.
T0PSY.
Topsy Brand of Past Black Hosiery,
and a Card of Darning Yarn for
Also full lino
Boss and Girls Star Waists. Buy
and Styles.
Priestly's Black Goods.
Black Sil "Wrap Henriettas, pure black, perfect fibre and texture. VTe are
showing ail the new weaves. The most superb wearing fabric manufac
tured. Examine these before purchasing.
BLACK SILK. BLACK SIKK.
Pon d' Soir, Failles, Surahs and Gro Grains.
-GO TO THE-
White Hon
se
for Bargains
products of labor, or even of land. On
the contrary it expressly opposes the so
cialistic idea, and only beeks to secure to
tho laborer the fruits of his toil. This
proposition is distinctly stated in a re
cent issue of the single tax organ in tho
following language:
Iliivmji secured to the community that
which rishtly belongs to it. we iu&ist, to
use a phrase from the Quaker discipline,
that it shall be content to "live within the
bounds of Its circumstnuces," and keep its
liRsulb out of the pockets of individuals.
On the other hand, the individual hav
ing paid to the community the fair price
for whatever superior Hdvantagu he bus
obtained trom it. neutrally owns every
thing, over aud above that payment, that
is the product of his labor, his 'ingenuity or
his skill. It is not only his as again;, t any
other individual, but his Hpiiust hII other
individuals combined: his, as the sea is
the Lord's, "because He miuie it."
The logical deduction from Mr. Davis'
argument is that there are too many
agriculturists m proportion to the popu
lation This means that tho farmer
must abandon his farm and seek other
pursuits, or else continue to labor
lor tho meager compensation that ho
now receives. But where is there an open
for him?
"Every door is barred with gold, and
opens but to golden keys."
Mr. George does not propose a revolu
tion in human nature. lie only pro
poses a reform in our system of taxation
in the interest of the producer. If Mr.
Davis will study Progress and Poverty ho
1 Ina7 earn "leans of preventing over-
t""""-u"
Under our present system of land
tenure there will always be a disposition
to oyer production; and by over produc
tion I mean production iu excess of the
demand at prices that will properly com
pensate the producer. Landlordism
crowds too much land into cultivrtion.
3Ir. Davis complains of the folly of
opening up any new territory to settle
ment; yet it is tho interest of the laud-
lord that requires more land. There is !
au abundance of land within the con
fines of settlement to eniploj the agricul
turist for centuries to come, if he were
only permitted to use it. But he is not
lrmuted to use it. He is fleeing from
the landlord, who in turn pursues hitn
with a determination to set possession of
the whole earth. This accomplished and
tlte Jaborerer wl have before him only
the prospect of a mere subsistance.
It is folly to aHsijin any one thing as
the cause of industrial and commercial
depression. Over production is account- ! P""" on B" " -ble
for its sliare; privati mismanage- ! "! T - MwtMsauous to
ment is accountable for its siiare-md I L,rP0"1 constitute the loojr haul of
every device by which the dollar is ac
quired without labor is an important
iactor in the problem.
H. L. Shansos.
Mxoiccrx Lonox, March 12, 1886.
OKLAHOMA OOTLIKB8,
Frisco expects to bare two railroads In
side of six months.
The inhabitants of Xoble disUagsisJi
themselves as nobis men.
Guthrie has a rickety old bridge that Is
considered by some dangerous,
Tbe measles has broken loose ssmok
5ome communities la Ofc'sbom.
Nobody is going away from Oklahoma.
Only the trees sure begun to leave
A Guthrie clothier will (rive tbe 1 ,
coventor of Oklahoma suit of clothes.
Tbe Drep Fork farmers voted almost
unanimously in favor of a herd law Tues
day. A Guthrie poaflist, Paddy Shea, has
f alien heir to tSQ.VOQ and some land ia Ire
land. Tbe silver comes banns of Oklahoma
arsail hoarse since tn bill passnrl taa
bouse.
Thomas Jensen has asesfted his com
inLwon as Halted States conuahwioner for
Ki Bena.
It i said that nearly every lot owner la
Xoble has planted uses, ft is a beautiful
Uwn, travelers say.
There Is a new sign every day ln Union.
Union ia tbe town in Sontavastsru Okla
homa tbat is booming.
A new town eailed Falls Cfty has been
started on tbe falls ot Littk Kiver ttbous
eight miles east of Xormen.
I nioo City has a bass hall dub. Ofcla
i . if this erase grows as it jiiuiiiism.
will have to organize a league.
.-"unwater schools doaed last FrWU
t'tr a three u' vtcaiion, alter wnieb
U aprittK term will begin.
Tbe Friaeo Herald describes a toeai
scter as "m smart Alee who wean a tin
tr and carnes a gun tbat eansti him to
walk top-lided."
Tbe Clipper tfainks I'aJoo City -wtit be
tbe shipping point far tne vast cattle trade
of tne Jndistt nations sous and west of
OkJaboma this samatmr.
Tbe Frisco HevftJri u mis tbat H asanas
tbil at every entertain nmt gotten up ia
iu tnwn. aome parties eonaiocr it a boty
du:r to a Uraai ana newi,
4'wtTGoetE Ttvm January 10 to
;b- l i'. Uity Ofws JSr xAmA and
timed gtt to Traesttfier Swuoas etty
hud to taa inoiBt mt$Mk
TIM KMuriKaer Xew World pramtdantee
o ta uoiMt wofitw ol Ute Imma tost toss
m n(A miighVBtt Biair
of boat&ir
ATOOa,i( xtt loduui sa Oali
Tw. .; of i-tU.wsxrr
mocamLi ; rr-"iao itm paMte aosrit.
,r ntry msxi t-airinrTi " ntwninw tbe
bwoms of the ycra hnenalt.r cf tfeat
acitwrfona, ia tne wr o a Urge twrar
"' - fc-r m w u"U ir
' - ,.,. , .. .. .. , !'!
isania.
lifer oisiry
1OT3C
TOPSY. TOPSY.
Absolutely fast black, One pair
of Onyx Black.
these Goods now. Pull lino of allslzea
oi loin
in Dry Goods.
BXCHANGB SHOTS.
Spoaks for Itself.
From the XaMe CourJar.
We would like to know if the Wiqhira
Eaglis isn't the ablest edited of any
paper west of the Mississippi?
Unspoken Word.
Harriet Ileecbar Suwe.
The bitterest tears shed over graves
are for words left unsaid and deeds left
undone. "She never know how I loved
hor." "lie never knew wliat he was to
me." "I always meant to make more of
our friendship." Such words are the
poisoned arrows which cruel death
shoots backward at ug from tlie eopul
char. Got Out of tho Rote.
From Cotw ' Rural Wwld.
Tlie best farmers are not always good
business men, but thoy can learn if they
try. True, it takes long years of train
ing to make a good merchant, as it dots
to make a good farmer, but the man
who has his wits about him is learning
all the time, lie looks into this and
prys into that, he aks question, noted
facts, reads books and papers, notes tho
markets, sees which crops are paying
best, and changes his plans accordingly.
The ne'er-do-well was born in a rmt, and
loves nothing better than to stay in it.
Took The General at Bis Word.
rm tbe WMblnstuu. Piu. Reporter.
Our drive if how out to the big field
where wo went for review. Just left of
the house was Uen. Hancock's tent.
Here is where Corporal Bluke took tho
general at his word. Blake was on duty;
the general, coining to the door, asked:
"Well, my man, do vou get enough w
eat?" Blake said lie'did not. "We"!,"
asked the general, "do you get half
enough?" Blake replied lie did. "Well. '
responded the general, "it's a poor sol
dier thai can't steal tbe other half." A
few minutes later hot coffee and biscuits
were sU-aming on the general's tbl. At
tbe cook turned around to invite the gen
eral out to breakfast, Blake Utrtwdtho
plate of hot cakes into hn fetvtaack.
That's all there was about U.
Tue Way it Works.
Prout tha Minneapolis Irltmn.
It is a matter of record that a rigid en
forcement of tbe ithort aud loeur haul
clause cuts down the profit of western
our wheat, and until ew or and
other seaboard cities complained of dw
cnmtnation and insisted upon a strut
enforcement of the interstate commerce
law, the freight charge on wheat was
less from Minneapolis to Liverpool than
from here to New York. Tbe long and
abort haul clsuee enables the cities on
tbe Atlantic seaboard to levy toUe on
northwestern staples asd our prodoeer
are compelled to pay them out of tfceu
profits.
Isdispaiable Prooc
rrasa tas WicaUa Miner.
Evidence as to bow impertam mm be
coming the wholesale mterssXa of Wich
ita was f ormshea last week by Mr. J. L.
Mecomey. proprietor of a largo goooral
Mor Kocboster, Kansas. Mr. Mecor-
nay patronueu nearly vrery
concern in town and when bit purchases
were completed bo frankly staled tbat
he could buy every dollar's worth of hut
diversified stock more cheaply la Wk !.
ita than in any other place in tbe worfct.
With a view of attracting sneb buyer
as Mr. Meconey, wnM it not be to tho
interest of tho wholesalers to patronize
their home paper to the extent of acme
advertising? is it not strange that, after
ait tho city paper novo done, a raasVr
might pentae evory line of each of Wlnfe.
Una newspapers and not know dust antra
was a single wholesale rsfshlistinnsit at
tne city.
A Ilaw f Griekia.
,1 Ism' ii. and Taa are evamsi with eriefc.
ets, and groat karoo is tawtiai4 m Si
proaiaeaof Oiiinliisslan, Ta-tr to
assribntrtt U tas unsjUai si aagJau,, af tin
wsjetber. Tbsgwwaor suarsi et AJssm
ski Usa TaaaatM reganry w eaeagaa is aV
vsnog lawn to rapei tfe tarotds mt be ae-
tatmsUsrm.
rrj a m4 f
N.
aart WfArfi
s & Ross.
j HrajBtian
S32
S he? of W rtm 5s 3
Absolutely Puro.
VfS"r r rr-. a - T SHU
vm wnsetf-y
i.t c . x rvr Cat. , W4..1. i'
II

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