The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-03-16
Cineinnan la Daiins "a s0ri or y
Apriag 'hiehen,"

NV. H. Ia olneianan oomm@ela,l
lspent several days IN Dallas,
one Of tho youngest md brightest
aud freshest eities Of Texas, Az
present II IN tho terminus Of tho
Toxaa aud Pacific road which gives
| II arrn Of bosinesa which pefhapA
II will not have when tho road goas
on. Tho country all around u rlch
and fertile The adjacent cpunllea
have tho most uniformly rich soil In
tho state, IL IL u doep, bla0lf, loose
soil, upon which cotton and corn
grow with but comparatively emall
expenditure Of human labor. The
drawback N tho summer Of
droughl6, The long, hot summer
days aud The dry, hot wlnda eat on
tho crop, II rains are u month apart
and about every other year there
are dronghls Of greater or loss OK
tent,
Tho hrmlng population In tho
Dallas region 10 aeant 10 proportion
to the magnificent stretches Of
country which await tho plow, but
IL IL filing up from the older states,
and gramhopporscourged Kansas II
contributing q share Tho future Of
that section IL Indeed very promla'
Ing IL IN even brilliant The
drought drawbacks can ho In great
measure overcome by deep blowing,
The advantages there ARE pcrma.
ncnt aud asting tho disadvantages
can in grcOt measure be overcome.
Dallas IN sort Of spring chicken,
with rapid growth and tondor parts.
1t has grown up within the past five
years from an cmigrant station OF
eight hundred to city Of near ton
thousand II has grown ihstcr than
the surrounding country has been
developed, and has n season Of do.
preston boloro IL in consequence,
But the hopes Of its business men
are high They count upon II AZ
the great town OF ToXas. Their
faith is strong, and il backed by tho
last dollar ut command,
There ia no usury'law in TeXus,
and money goes for what ii will
bring, II brings II good deql in
dollars. Two, three four and five
per cent month are the ruling
rates to-day. ! was told of men who
had borrowed money at five per
cent " month and built business
houses with il, expecting large gains.
Business firms doing business in
banks readily pay thor banks two
per cent u month, aud consider il
an accommodation and the rates
reasonably low The banks can
and do lend all they have to their
regular customers at that rate. An
outsider has to pay more.
The banks in that two per cent
country arc, Of course, making a
good thing of it. | hear of n bank
AZ Paris, which went into operation
eighteen months ago with n capital
Of $50, 900, and now has surplus
Of $50, 600 after paying all expenses.
That is handsome, | hear Of an
other at Waco, two years in bust
ness, with capital of $4,000,
which now has surplus of $4,000.
In business houses at Dallas | saw
printed notes for those purchasing
goods on time, bearing two per cent
n month interest. Indeed, that is
the ordinary figure for frst,class
paper, and the demand is far in ok.
cess OF the supply What do you
think of that? No wonder the cry
comes up for "more money" 10
have to pay two and three per cent
a month for money would make an
infationist out Of most anybody.
Dallas, like every other Texas
town and most Of towns out of
Texas, for that matler--is over
crowded by moneylcss young men
looking for a situation, There is
but one department of business all
through here that is not overdone
There is u wide open
ing between the plow handles, but
4 b,, al lnl