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The Kansas Financier from Topeka, Kansas • 4

The Kansas Financier from Topeka, Kansas • 4

Location:
Topeka, Kansas
Issue Date:
Page:
4
Extracted Article Text (OCR)

4 THE KANSAS THE KANSAS FINANCIER. A JOURNAL DEVOTED TO THE FINANCIAL INTERESTS OF KANSAS AND THE GREAT SOUTHWEST. OFFICIAL ORGAN OF THE KANSAS BANKERS ASSOCIATION. Published Semi- Dollars per Year, in Advance. All communications should be addressed to S.

L. SEABROOK, Editor and Proprietor, TOPEKA, KANSAS. The Kansas Financier is entered at the Postoffice at Topeka as second-class matter. THE Citizens' Bank, of Meade Center, has gone into voluntary liquidation. All claims will be paid in full.

THE government of the State of Maine has placed a loan of $2,500,000 at 2 per cent. There is no doubt but that the Federal Government could turn over its remaining debt at 2 per cent and save the National bank system for another generation. SUPERINTENDENT POTTER, of the Census Bureau, has divided the country into 173 census districts for the purpose of taking the next census. Each district will be in charge of a supervisor who will appoint the enumerators. Kansas will have three supervisors.

ON July 10th inst. the Newton National Bank purchased the stock and assets of the German National Bank. The consolidation will make one of the strongest institutions in that part of Kansas. The officers will be John Rees, president; A. H.

McLain, vice president, and C. R. McLain, cashier. THE salt deposit of Kansas is uniformly of the same quality and the analysis of the product at Wellington shows substantially the same as the salt product at Hutchinson and other points. This salt bed is probably the largest in the world, over 300 feet in thickness and of unknown extent, but reaching several hundred miles, and is a mine of uncalculable wealth to this state.

THE Debt of the United States was reduced $16,255,929.74 during the month of June, making a total reduction for the fiscal year $88,938,035.19. debt, less cash in the Treasury, is now estimated at $1,062,703,338.16, or rather more than ten times the annual surplus. Of course there could be no actual surplus with this debt unpaid. No man who owes $10 and has $1 in his pocket calls that dollar a surplus. WITH this issue the first volume of THE KANSAS FINANCIER closes, and number 1 of volume 2 will be issued on the first Monday in August, with marked improvement in appearance and make-up.

Hereafter the paper will be supplied with a handsome cover and the reading matter will appear in three columns instead of two. The columns will narrower in width but will occupy the same now occupied by two. THE FINANCIER has met with a fair space and will endeavor to merit greater in the future. The success, of farm-mortgage investments will receive considerable atquestion tention, and the benefits of such investments to both parties will be while many of the abuses into which the business has set out, fallen will be exposed. FINANCIER.

MR. JOHN P. JONES, of the First National Bank of Coldwater, has retired from that institution and his place has been filled by the election of Mr. Wm. D.

Weiler. The change implies the sale of a controlling interest, and Mr. H. W. Lewis, of the Kansas National Bank of Wichita is a large owner of the stock under the new magement.

The First National Bank of Coldwater was doing a good business and will lose none of the prestige which it holds among the financial institutions of the southwest. THE Indian reservations, in 1886 in the United States amounted to 212,466 square miles, all that is left to the race of 3,250,000 square miles, once all their own. The total Indian population of the United States is 247,761. Estimated number of Indians in Alaska is 30,000. The Indian agencies are 61 is number.

Number of Indian church members in the United States is 28,663. Number of houses occupied by Indians is 21,232. Number of Indians living on and cultivating lands is 8,612. Number of Indians in the United States who wear citizen's dress is 81,621. Number of Indians in the United States who can read Indian languages is 10,027.

Number of Indians in the United States who can read English is but 23,495. There are ten Indian training schools located in different parts of the -Exchange. THE last Legislature of Indiana passed an act prohibiting the sale of fresh meat in any of the counties of the State, except in cases where the animals had first been inspected alive within the county where the meat was to be offered for sale. An agent of a Chicago firm was lately arrested and fined for selling in Indiana beef slaughtered in Chicago. Judge Johnson, of the Porter County Circuit Court, has rendered a decision holding this act unconstitutional.

Judge Johnson in his opinion says that the Indiana statue is akin to the exercise of power by the individual States over interState Commerce, which rendered the articles ofconfederation a rope of sand, and which led to the adoption of the present national constitution, and that whatever may be the nature and the reach of the police power of the State it cannot be exercised over a subject confined exclusively to Congress by the Federal Constitution. THE American Wool Reporter gives the weight of the heaviest fleece on record at fifty-two pounds, sheared from 66 Baley Lord," bred and owned by Reynolds Daved, of Mulvane, Sumner county, Kansas. It seems that as well as owning the heaviest shearing ram they also have the heaviest shearing ewe on record, who clipped this year thirty pounds. The ewe shearing the heaviest fleece prior to this, was owned by Samuel Jewett, Lawrence, Kansas, which sheared twenty-eight pounds four ounces. A fifty-two pound fleece is a big lot of wool to take from any sheep.

Should these sheep be exhibited at the State fair this fall with their record of shearing, they would demand attention. Reynolds Daved in a letter in the Reporter, say that in the shearing of their flock of 391 head, the average was fifteen pounds four ouces of bright, clean wool. MORAN, the great artist, despaired when he saw the Great Shoshone Falls- was so far beyond his pencil's cunning. So there are wonderful dreams of beauty in the tempestuous loveliness of the grand 66 American Alps" in Colorado, which are at once the aspiration and the despair of painter and poet. Splendid beyond comparison is the superb scenery along the South Park Division of the Union Pacific in Colorado..

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About The Kansas Financier Archive

Pages Available:
484
Years Available:
1855-1917