The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1885-08-19
a WONDERFUL CITY, AND WHAT
CHEAP MONEY CAN DO.

CHEAP MONEY CAN DO.
The attention of our people is di-
reeted to the Leading editorial in the
last issue Of the Baltimore Manufac'
turers' Record, reproduced to-day in
these columns. The money srti-
cles recently published in THE
HERALD are having widespread
publication in Northern and
Eastern journals, and capitalists
are on inquiry as TO the exact status Of
affairs here. In little while vast &C.
cessions will be made to our monied
facilities, and As q consequence
all manner OF new enter
prises and extension of now
existing. ones will be gotten undor way.
Dallas is on theup grade aud in less
than five years from now will, with no
untowsrd accident, hayo p population
Of 50, 900 soulaifwe bo but true TO our
selves and to one smother. TGk0 the
case of Atlanta. In 1864 there were
but 500 houses left thsro out Of over
5000 that succumbed to the horrors Of
civil war. In 1870 the population had
swollen to 22,O00. In 1875, it had run
up to $4,000. In 1850, to $1,000. In 1895
the censuSshows 66,S37 persons. There
we lind 1900 retail houses and 100
Wholesale establishments, and hor en-
tire annual business footing to $ll0,-
100000. With 8 banks, several
private financial agencies, cot
ton mills, cotton congresses
10 brickysrds, If foundrios, 4
flour mills, furniture factories,
II planning mills, 2paper mills, 10 saw
mills, broom factories, otc,, ETC.,
amounting in ali TO something over
800 establishments, employing 1900
hands, with u wage list Of annually
noar $j,0OO,OO0, with 8 grand trunk rail
way lines terminating there. She has
10 miloS Of paved streets, and ereots
over 800 buildings year. No
wonder she 10 winning in the game
Of Southern progress, and forging nor
way to the very fore.
Dallas can 90 tho same thing If aho
but put hsr household IN order, We
havo dellghtodly soon and Galveston
has distressfully Witnessed cotton
comprosses erected IN our several in.
terror towns aud tho previous enorm-
Gus charges saved to us by quitting the
cotton bales into condition for direct
shipment TO any part Of tho know
wsrld. This was vast stride toward
our interior development, ana hlho
disease" has boon wonderfully catch
ing. Precisely what has happened in
that liDO should obtain with the hauG-
ling Of grain. We have here at pres
ent two grain warehouses by good
men, safe and solid, but tho storage
capacity is woefully limited A gro-
GER hardware, dry goods, or othor
merchant Injuries himself materially Il
no undertakes TO do business with
room so cTamped as TO prevent the
proper and safe storage or dis
play Of his goods. Aud so, too, Of any
commission receiving house.
In tho less than dozon counties sur
rounding Dallas, and including
Dallas, over 100000 bushels OF
wheat alone, tosey nothing o. corn
and oats, arc now annually produced.
Thilshould aud could bs all handled
by and in this city, instead Of our DO.
Ing compellod TO sell and ship 10 Mis-
souri, aud Kansas, Give Us more capt
tal and It can and will be done. NOl
that wo would interfere i'm tho least
with tho business Of these institutions
now with us, bat 10; the fluids and "a
oilities bo extended % them 60 meet
the demand. Les connection Of capt.
tai DO formed with the skill, expert
ence, etc, OF the Todd Mills, and tho
Empire Mills, and soon we viii oh.
servo an unsupported Improvement
on our streets. Money and employment
would begin TO como in TO us In Aug
uIt, instead OF waiting till November
for cotton yield.
As with gram, 30 with sill other do,
partments Of trade. Money is IN,
great lever; 1t ia rs the wheel that aid,
the movement Of tho wagon, URdoi
the inspiration of very large amount
of foreign capital that was brought t.
Atlanta, in connection with the hom,
supply, these various enterprises W,
have alluded to grow up, and the story
OF hor growth can End redupllcatlou 4,
Dallas. Aud as with Dallas, 80 will
other cities In Texas. In pleading 70
more money aud lower interest wo ar
p eading the cause, tho progress
of all Texas. Tho moro enterprises
tho moro business relations; tho NOR
OF these the greater tho volume OF bus
mess by our banks now hore. Tnol
percentage of profit may be decreased
but the aggregate OF prohts on On
largely increased business done Ia tn
discount, exchange, deposit, lines
should produce the same not results /
the stockholders. AS place pre-
crosses toward metropolitan proper
lions tho "nlmble penny" crowd
out the big profit business. Lot us a
hasten tho good movement.
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