The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-11-18

WHY TIMES AnE IIAAN'
Aside from tho general pressure 81
the money market and the slrllgehpy
of the times throughout the unlleN
States NJ this tine, the causes lof llle
scarcity of money In Dallas, aud ~
fact all Texas arc quite numerous
There IL too much money sent olt ol
Texas for "weslern produce" such Us
-four, bacon, lard, potatoes, onions,
and every other imagluable thlhg,
all Of which can DO land should bol
produced IN Texas IN the greatest
abundance, This state Of affairs u
simply absurd and shameful ana
should not exist There h no excuse
for IT, II our soil was barren and un-
productive there would be an excuse,
but such II not tho oase-ln meli II "
lust the reverse. When our farmers
turn their attention more TO the clll'
tlyallon and production Of the above
mentioned Items We viii have more
money aud better times In pcNas'
Not only are our farmers rcsponalble
for tho "tlghl times" but the "lown
people, aro equally Responsible We
send too much money out of Dallas Tor
iron fronts, iron cornlceH, sNsll ana
doors, brooms, buckets, tubs, wagons,
blows, furniture, cotton goods nnd u
great many other thlnga too numerous
10 mention. All these things can he
manufactured right here In DallNs ana
II will pay "bign 10 manufacture lhcnl'
The lact IL, Dallas must go to mnnnlhc'
turing, aud she never viii have any
"baclSbonor until she docs, Another
serious cause of the scarcity of money
In Dallas Ia the miserable condition 81
our city finances. A great many peo
pie think that the mayor and member
OF the city council are to blame for lh'
disgracoiul state of affairs, but such Il
not the case altogether.
The principal cause for the financial
muddle lies In the clty charter, which
Is defective from the beginning TO the
end fall the city Indebtedness thai
IL In circulation was at par (Nnd there
IL no reason why II should not bc)
would II not he n very great help These
hard times? The charter should he re
vlsed and overhauled by dbic and c0O'
potent persons, all the property In Dal
las fdi,iy assessed and the taxes collect
cd promptly, which cannot he dom
without great delay and hindronce nm
der the existing charter. The city ii
nances being in such n bad fix 1t Is du'
the present city administration to STATE
In this connection that on account o
the serious defects mentioned that they
have had their hands tied and hav,
not had fair chance, and the people
should not he too hasty in condemn
ing them for things they cannot help
The difficulty can only be removed
by the legislature.
There are numerous other causes fol
the scarcity Of money in Texas, among
which may be mentioned, the
homestead exemption, which should
not exceed two thousand dollars, the
scarcity of national banks, the nb'
sence of an usury law, etc, etc.
When the farmers raise more
"western produce" and the "town
people" turn their attention to manu-.
featuring cotton goods, furniture, ETC..
and the legislature gives us bran
new city charter, and our Lawmakers
reduce the homestead exemption to ut
least two thousand dollars and pass an
usury law, and the citizens of Dallas
start another national bank and in-
duce outside capitalists to take stock
In it, we will have more money, more
confidence, and better times generally.
Real estate will advance and Dallas
will grow in short time 10 be the Iu-
dianapolis of Texas.
1t does not speak well for our people
that money is scarce aud is hard to
get, at three per cent per month in
this great country, that has 80 many
elements of greatness, splendid rail
road facilities, a soil that simply can
not be eXcelled and u climate thai
rivals that of Italy. Instead of u bank
ing capital of two hundred and fifty
thousand dollars, (rather an eXtrava.
CANT estimate) and money at three
per cent per month, Dallas ought to
have banking capital of not less than
million dollars, and interest should
be ten per cent per annum. There is q
legitimate use for this amount, and Tho
country demands it. The people can
bring about such desired state of af
fairs In shorter time and with greater
ease than they imagine they can, i
they will only try. The whole remedies
are in their hands and it only remain.
for them to apply them.
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THE GRIGSBY SUIT.