The Dallas weekly herald. [volume] (Dallas, Tex.) 1873-1885, 1882-06-08

imple question, what must We, tm ous,nsesSTt9hvn,
n iintiaa do Ia build ~ our cOitnn Uhnv w
something must ,be done ahd luth3'u.
~ any one VINO hN, Wh.s.mn'v savs
lotne one may fny that the crop this s~soh WI
,imnst a failure In Northern ItNhs ~.
this would not change hgufcs loI V.nvdi |
years Even II INC Ctop, p"Sn I On, con. |
vlncod our market would not have hhnulNu ~
much cotton Ms she Is Justly ehulleu tp uu ,,, of
position. Let us examine soi'e en ~,
Inc reasons why this is true, IN Oruer llut hug
rItv should do good trade In Cotton lhtIv
must he, first o. all, Responsible Dusln NJ
with capital and energy, who WIZ use .llnt V"pn
tai backed by judicloGs e4eigS s,oin ibet oNn
he Induced, | have no hesilancy III saying lhhl
we have had no such induehcc NJ Wolk lor oul
maj ket IN the past. We have very acuNc illel-
chants here, with MS great capacity lOr Wolk US
any civ needs to build up her trade, buJ uhioG-
tunately for the cotton interests of Dallas, they
do not work in that direction: L0OL Dnt ioi
moment at the large trade being puut w n,'
by our leading firms in groceries ASrcuItulhi
i'm Elements and dry goods, ana
ask yourself the quesion-wny,, can,
not cotton trade be Dullt up
10 the same proportions, and see If you can give
n single satisfactory reason. You cannOt 40 50
There is an old proverb, You eau lead morse
TO water, but you cannot MAKE MN ullhh.
Men sometimes resemble animals u 90 not
mean asses but horses, and. VIII only 10 that
which plcases them No mastei now lnucn We
think and know that a cotton factorage- business
in Dallns, Will pay large percehlage 10 eoou
business men, who may engage lherelh Wecah-
not drive men into it, but must use other hrEu-
mems more persuasive, tloush tqu'ils
cogent We must ,alk the business up we
must bling every influence we can 10 pear uppi,l
tbe question, both MS individuals ana through
our cotton exchange; thai We may m rest out
sders and induce men from olher cues "Io ull -
derstand The business, TO bring their experience
and capital here and induce cotton 10 come loDal'
! las. have used the above tenn, ouoh-lactor,
to desclibe one who buys and selIs COZ, N Oh
commission, for account Oh d itidun15
one who buys or sells for his own account, pu'
for another. The manner OF handing cou9H,
such as VI as in vogue during ne infancy y, w
market must be releSated 10 the past Noulu
| ANY good merchant attempt 10 carry on WhOle'
sale business on exactly the same pllhclples au.
economies that he would II retail business! i
there any man III TINS market ~ W co io ~
with the cotton trade, who Will not say that Dal
las should receive at least one-tenth Oh lhe eht'
crop of the state? We should handle mere no
! less than one hundred thousand bales--ln eoo'
crop yeais. Now is there any sane msn amohGs
| us who will say that number OF bales can p'
sold onourstreets as nearly all of our cotton mere
| tofore has been sold? Itcould not be handled
| for now, with Ealf the Ieceipts, our pllnclPa
| ST. eets are blocked by wagons during the Win.er
who take their stands wherever the!
! please and wait for the sueet-puyeT'
or 'stem-winders, as they are faceuously caIie d
| to paddle about in the rain ana mud
| and higgle and uade, and waste as much Nalua
| bic time over one bale OF cotton oien, as would
under better system, enable buyer 10 uaCe
| for hundred bales Not only does our presen,
| system waste much time for the city melchants
but il encourages the farmer (who, perhaps, mas
only bale or Two 10 selD to sit or lie az uaS
upon his wagon, when, otherwlse ne t1nou sei
| his cotlcr more quickly and proh.aDly thIou3ha
cotton factor, and be gone 20 his farm, ana WORK
| If we do not make prov sion for a Ia, &c colton
trade we cannot handle 1t, even should IL come
| to our market but do not let US delude ourselves
! 1t is not coming under our present system OF
| handling colton-it will be simply re.ucuo 40
absuldum for us 10 beleveit 1t should now DC
| below the dignity of our cot IN men, 10 halule
| their cotton as do such small Towns as Alvarado
| Mckinney, etc. Every man connected with the
cotton trade knows that our warehouse Capacity
| is too small, and that 1t should be lai3e.v IN,
creased. The past season, 1t otter occurred thal
! there was not room in and Immediately arounu
| the warehouses to ".urn down cotton !ore-;aml
| nation classification and marking, ana tnls very
want of space is one reason why SO many com
| plai ats have been made about our market 1Cl
BUYERS often have not been able 10 get at theii
cotton 10 make close examination These are
| facts well known to the hade. We mus
commence to elevate the tone of our market gel
out of our old slovenly way of doing business
and Try and interes5 our banks end monieo meI
as wel'as outside capitP in helping us 10 bulid VI
| our co ION trade. Is lheie any reason why hous
t)n las close as tina. city is 10 Galyeslop) shoulc
receive eight times as much co,ton as Dallas
! During the next season we VIII nave eleae q
| facilities for shipping our cotton East ahu
| 10 Europe than Houston. Why has Hous On &C
large a COLON trade to-day? 1t is simply be
cause the grocers and dry goods merchant
have worked the business up, se1di lg on
soliciting agents TO control. the co.tol
| by their money and reciprocal trade EAny OF
us, the youngest cotton man among us, can re-
member when st. Louis as cotton market wa
| scarcely heard OF, so Insignificant were ne re-
ceipts; now she takes rank amongst the mos
Important The geographical position OF ST
Louis is sUch, that it is remarkable that co'tDl
should go. there atar Tor sale. Why does II sc
| theleP II is because she has the tnest were
house system in the United States, has put GU
her money freely to attract cotton, ana Work
upon railways so successfully, that they nave Sc
cured cheap freight rates. Some OF otn pankeil
| are liberal not only in mind, but with thel
money and dorbtless will assist to the, utmos
any firm which may embark in the cot
or selling, win stand greater RATE than elgh
per cent for money, in this marke, anC
| tlere is no coed reason why II can
mot Be obtained a0Ion busnes s' Galveston
Houston, and other markets III TINS stite haV'
cheap money on cotton, and so should palias
Any banker or other monied man IN Dallal
| knows that every bale OF our great southerl
staple which he helps to bring TO our market
helps TO make him rich. One serious oDstruc
ton to our having cheap money here is me iae
that one or two of our banks nave Decom,
almost exclusively cattle banks, and muci
| other of our available city capital Is being pu
into cattle on long loans, at about fheen pc
I cent per annum, and even as high as Two pc
| cent n month When such high rates of inter
est are asked and paid, IL shows either that cap
italists consider the investment as dangerous o.
that there is not sufficient money In Dallas L
| handle her trade. The latter condition Is mos
likely to be the true one. Therefore, let US wei
come each new banking institution, and ever
| capitalist who comes TO make Dallas his resi-
dence, as bringing MS one step nearer emancl
patton from the eNorbitant charges OF me pcs,
| for money 90 be used IN legitimate trades OF a.
kinds. beg pardon for occupying 50 much
your valuable space Mr.. Editor, and viii clos'
| by suggesting as an appiop, iaie mou0 Tor
| us who are interested in the development OF ou
| cotton trade, a couplet from that great Psalm
Of Life sung by the greatest and sweetest
| American poets.