A Trip to the RockiesCorwin, B. R. (Benjamin Ryder)
History
A Trip to the Rockies
Corwin, B. R. (Benjamin Ryder)
United States -- Description and travel
Our party were delighted and surprised to find in this beautiful city
of seventeen thousand people such a rush of business. The streets were
thronged with teams, the stores crowded with people. Hundreds of new
buildings were going up--great stone blocks and elegant residences.
We could easily understand this, when we found that Hutchinson was
located on three trunk lines and two branch railroads, surrounded by an
agricultural country that cannot be excelled, and underlaid with the
thickest vein of pure salt in the world. Mr. Bourne, Treasurer of the
Empire Loan and Trust Company, and for many years a banker, told me
that a great many of the business men of Hutchinson were formerly from
New York, and that Eastern capital was rapidly coming in to develop the
latent interests here.
As an illustration of the rapidly growing commercial importance of
Hutchinson, the Santa Fe Railroad Co. has recently issued circulars to
shippers of live stock, which places Hutchinson on an equal footing
with Kansas City.
William Willard Howard, in _Harper’s Weekly_, Nov. 3, 1888, says:
“Wise and conservative methods of doing business attract a great deal
of New York, Philadelphia, and Boston capital to Kansas properties
that are now lying idle. Many Eastern capitalists are sending money
to Kansas, but with few exceptions the bulk of the investments are in
mortgages on farm property. To men who have made a study of Western
securities these mortgages are looked upon as safe and profitable
investments; but while they are no doubt beneficial to the individual
borrower and lender, they yet cannot benefit Kansas a hundredth part
as much as the same money would if used in the proper development of
the State’s great resources. The day is rapidly approaching when the
vast sums of money now stored in financial centres will be as readily
invested in Kansas property as funds are at present put into farm
mortgages. The city of Hutchinson has shown how it can be done.”
Public-domain text, read in full here on John Shaqi.
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