The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1875-02-14

gfrdll lAlf must hf nav ......t..,
Hopes Of another years heavy sales
p, were also Induced by lhe failure OF tho
negotiations Cllonel Tom Spoll was
, trying 10 effect, preventing ne pHlld'
= ing NJ tho legas and Pacific west 81
, our oilY and thus leaving our ellpIe
undspuled Tor au Indefinite perloli OF
at least unll now sources Of fpAllT'hs
tho necessary funds 10 carry on lhe
, work on that great line were discover
cd,
The utter cessation Of investments
: In railroad securities, particularly ~
those Of the unfinished lines demand'
Ing enormous sums for their eomple-
ton aud equipment, assured W OF our
pOssesslng tho terminal advantages Tor
NJ least one year, and perhaps mucll
longer This however, Ia The view OF
some, was even drawback on, Instead
of an Incentive TO our progress, rs II
was argued, that the continuance OF
TINT road would no greatly conduce 10
IMMIGRATION
aud the opening NJ Of the great oOun'
Try west Of w, rich In ~ fac farming
lauds M the world possesses, IN well ~
mineral wealth lncalculable, that our
trade would DO augmented TO many
times liz then existing volume,
However, the loss Of trade returned
10 Waco was too trivial for such u
prominent notice IN has been given II,
> but for the fact Of few croakers hay
Ing made such
AN UNWARRANrABLE BUdBEAR
Of II by which 10 scare our business
! men from renewed energies, aud TO &C.
\ cure u trade which, but for the unpre-
cedented drought OF last year, would
\ have even exceeded that Of the year
\ previous, aud which, with good crops
+ the present year, will far exceed what
y has yet been done since the Central
u road, passing through to sherman and
= Denison, gave that immediate section
Il transportation to their own doors, and
Is 40 lost w part Of that trade, thUugs,
" much Of still comes here, many Of the
II smaller dealers on and near the line OF
4 that road making their purchases in
Fl this market.
j. THE DEMAND FOR'IoANs
~ materially fell oil M the season nd.
vanced, and every one saw that much
further improvements would not be
made, until spring opened in the way
of building, and the principal call was
C. for commercial uses.
Notwithstanding the hard times
good merchants, who were considered
sound, made arrangements to secure
ur whatthey wouldneedat TO . per CEN
ts per month, and even in some instances
of ut II per cent per annum, 1t Is stated
to Most prominent merchants who haC
40 credit, however, did not call upon the
es banks and capitalists here for theil
Mt wants, but secured accommodations ii
A. the money and trade centres of tn,
us country. The loans on real estate
of were, in many instances, renewed
IS from time to time, they belnggenerallS
nd owing by smaller capitalists and u few
pd only by small merchants, while fire.
i'm quent real estate sales under deeds o.
he trust did occur but they were for the
MS most part to foreclose Indebtedness o
MT parties not in any mercantile business
ne Property thus sold was not often sit
he uated in the business portion of the
NJ city, but in the suburbs where it die
er not affect commercial credit, and gen
nj orally where debt had been incurred
Al for part of the purchase money anC
ut improvements thereon, by parties wht
Dis had failed to realize the money to pay
v. for them with from outside sources o
n. income, and probably in many in
TO stances simply with view of selling
ne for an increased price when business
H. should increase ana prosperity reigr
or as ii fully promised to do.
~ During the fall season there was
quite an
of INFLUX OF TRAVEL
Ms to our city and section, and for the
70 most part by men of means prospect.
II. ing for suitable places to invest, and
al enticed by the reports of the wealth OF
err soil and geniality of climate which
lis were undisputed, and which they ac-
III knowledged, If they did not conclude
to make their homes here until an
other crop should cause better, or at
o. least more flush, times with us. MANY,
lr however, settled in our city, and many,
10 thousands we may say, more in the
" sectiontof country tributary to this
H. outlet of commerce and travel. These
10 newcomers bringing their capital
he here together, with money brought for
" the purpose of buying
ia COTTON AND HIDES
ne OF course ran the deposit accounts of
H. the banks up very materially, but still
I'd large quantities of currency had to be
y expressed to pay for the crop, and no
he inconsiderable amount was needed to
pay for hides, which latter trade had
o increased largely under the high prices
IA obtained, they running up to eighteen
he cents per pound during a good portion
I. of the season. This demand of course
|. controlled the rates of exchange, which
n early and late in the season ruled at
1t one-half per cent discount, and during
a u good portion of November and De-
. cember, hunks discounted eastern ax