The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1883-03-18
THE BUSINESS WORLD
COMMERCIAL.


DALLAS. March l7-Monoy has been truth
fully and polntedly termed "ths sincws al
war" and IL not the malnfprlnE Of military
operations alone. but the motive power Of all
enterprise. In old settled comtrnuitles Il be-
comes abundant, and the chief object OF capital.
ists Is 10 secure its safe Investment. la cGun-
tries Of recent settlement where every improve
Uncut has TO be originated and built from the
foundation the chief dfsife Is 10 obtain Il IA sui,
ncent qnantit es To carry out the schemes Of the
moss centres the competition is among
the money loaners, and thus the
rate OF interest IL lowered, In
the sections OF recent colonization, where tue
population is energetic and hopeful, the demand
j., OF course, much greater and the difficulties
In obtaining sufficient means TO carry out
schemes OF improvement proportionaiely great
Hence money being the desideratum. the per
cent OF interest Is largely increased. One
mightexpect, then, thatintcrest would BIO higher
IN New foik than In Texas, nor IN the surmige
Incorrect The rate In the old states established
by law IL only about Que half that Of this state.
whilst the security Of Investment here seems W
the HERALD 10 be greater This arises from a
disposition OF loaners To have their capital IN
sight an well ~ from the patent fact that there
has been great amount OF Improbable invest
ment In new countries by parties east
who desire to secure large rO-
turns for their outlay. This cannot
be avoided perhaps, but The candid lnyestiga.
tor can but conclude that there must come
period In a states history when It's sslyCncy or
Insolvency must be established and tho qual'
ties Of It's land climate. cite, DO determined
The HERALD would appeal 10 tho most skepu'
ral and limid Of those who lend " the great
state Of Texas has not vlndiCatod herself on
Wall street. where her bonds cannot be put-
chased for even Sl.b0 on the dollar of OBLIGATION
Tho last sale OF hem NJ amy price, of which the
public has been npptl1ed was the purchase by
Governor Roberts of several hundred thousand
dollars OF them for fli0 on the dollar The
rate OF assessment OF real estate in northern
Texas Il ever on the ilso-So much 80
That the lender could safely loan
tho full amouAt OF assessment with
moral certainty Of It's sunlclnncy vt tho end Of
The period of Indebtedness 10 discharge the oh.
LEGATION. Our people here all know those facts,
ANA often wonder why there Is any difficulty in
securing loans, but the capitalist Is only lately
beginning TO discover the truth. Now, however.
There seems To be adisp0stion on the pant of the
holder TO seek loans 10 the people, and better |
ana brighter era IL about TO dawn upon as, ~
was stated in the outset money is wanted here
lis essential 10 vigorous and healthy develop |
mont The people AFRO willing 10 pay n good p0r |
cont, with abundant security, aud from the |
HkRsLDA outlook 1t appears that there will NJ |
no distant day DO sufficient 10 supply the |
demand hut tho people themselves must |
DO something They must above all things |
modify their laws pertaining 10 debtor and cred.
llor-espcCinily the homestead provisions and |
the statues concerning martial relations The |
more snlicloncy Of the property IN satisfy tho |
obligation would be uuayailing without the |
means To secure the collection OF the debt even |
without litigation, NOW. Texas has tho deed of |
trust system. which Ia All advantage over most |
states whore regular foreclosure IL required. and
II IL tho honest conviction of the HERALD that II
Inc laws above referred TO, together with some |
amendments 10 tho Insolvency aud attachment |
laws DO ludciousy modified, sufficient money |
would at once DO poured into our state 10 secure
not only It's grand development, but II lower rate |
OF interest and confidence that would give Us |
much moro extended list OF subjects Of 30 |
Guilty.