[Illustration: STATE GOVERNORS, 1877-1893.
JOHN P. ST. JOHN
GEORGE T. ANTHONY GEORGE W. GLICK
LYMAN U. HUMPHREY
JOHN A. MARTIN LORENZO D. LLEWELLING]
=The Kansas Boom in the ’80’s.= The ten years following the
grasshopper invasion of 1874 were all good years. The rains fell and
crops flourished. It was a period of remarkable growth and prosperity.
During these years the railroads were making special efforts to bring
settlers into the State, and Kansas was widely advertised. Reports of
the opportunities here stimulated immigration, and settlements
overspread the western prairies. Great confidence was felt in the
future of the State, and people in the East eagerly invested in
western land and property. Money was easy to borrow, and the Kansas
people borrowed liberally and began speculating in real estate. Kansas
was soon “on the boom.” Property was bought, not to use, but to sell
again at a higher price. Cities and towns laid out additions which
were divided into lots and sold for large sums. Expensive improvements
were made, and public and business buildings were constructed that
were far larger and more costly than the needs of the time demanded.
Railway and street-car lines were built where there was not business
enough to support them. Hundreds of new towns were mapped out and the
lots sold. Many of these towns never existed except on paper, and most
of the others were later turned into pastures or cornfields.
=Collapse of the Boom, 1887.= Since the new settlers were not familiar
with soil and climate conditions in Kansas many of them selected land
that was not adapted to agriculture, therefore much of the farming was
not profitable. In 1887 came one of the most severe drouths that was
ever known in the country. The people lost confidence in Kansas and
the boom collapsed. Eastern people wanted their money back, but there
was nothing with which to pay them. Money could not be borrowed and
mortgages were foreclosed. People who had bought property at high
prices, expecting to sell at a profit, found themselves unable to sell
at any price. Many who had counted themselves wealthy found their
property almost valueless. Banks and business houses failed and
hundreds of people were ruined. Thousands left Kansas, some of the
western counties being almost abandoned. The year 1887 was followed,
however, by several good crop seasons. A great deal of attention was
given to the study of farm conditions, and Kansas began to make
progress again.
Public-domain text, read in full here on John Shaqi.
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