The Austin weekly statesman. (Austin, Tex.) 1883-1898, 1889-04-04
ELEMENTS BOOMING TEXAS.

ELEMENTS BOOMING TEXAS.
Texas is on the ground swell of tre-
mendous boom. Her own people have
long discussed local measures, yet without
much result, but the news of that dis
cussion has gone abroad and other sec
tions in close commercial connection with
US have taken up the subject and Joined
US in our cause. A deep water convention
at Fort Worth was quickly responded to
by deep water convention at Denver.
This latter bound the congressional dele
cations of some half dozen states and
territories in concerted effort to secure
| federal aid at once for the establishment
of deep water port on our coast ade-
quate to the handling of the commerce
and traffic that would come from the
great western, central and north
western sections of the union,
seeking the markets of the world.
This combination was invincible,
and congress has taken the initial step
that will shortly, tits believed, result in tie
accomplishment of our purposes.
But this is by no means all. The Brazos
deep water project is significant of even
more prompt and far-reaching good to
the state than the one Just mentioned.
The personnel of the company interested
in and promoting that movement is
worthy of note. In addition to the very
large capital represented in that company
by Boston, Chicago and Kansas bankers,
we find that the Capitol syndicate, owning
Congressman Wm. Walter Phelps, who
also owns some millions of acres here, are
component parts of that company. What
is not that aggregation OF capital and in
husnoe capable of accomplishment 1t
must also be borne in mind that, while
these Boston, Chicago and Kansas
bankers, for all we know, may not be in
terested in any other than this movement
in the state, the capitol syndicate and
Congressman Phelps are, because of their
large landed possessiors in Texas, pecu-
liarly interested in her growth and ad-
can even be credited with thirteen con-
gressmen and three senators in the ma
toms capital. Colonel Abner Taylor and
Mr.. Phelps will prove valuable republi-
can ad junct to whatever efforts our demo-
cratic delegation may make for the bet
terment of Texas, while Senator Farwell
will only too quickly join Coke and
Reagan in gaining for the state all fed
eral assistance possible in furtheriDg any
of her schemes. This Brazos deep water
project with such backing as this is I'M
questionably destined to succeed. And
when 1t is an assured fact the benefits to
flow therefrom are incalculable. To every
shipper, to every produce raiser, to every
merchant, and to the people in general,
will come relief from high railroad trafii
rates. What will be the increase in the
value of the lands of the state, and what
greater inducements will be held out to
immigration and capital to come in!
With the taxable values increased how
much more money will flow into the treas
ury to properly support the state govern
ment and maintain and perfect the school
systemi 1t has taken time to set these
great movements afoot, but the days of
incubation are about over, and Texas is
soon to realize, in the full sweep of their
value, the advantages to flow from the
days of her toll and patient waiting.
Texas has had her drouths, her great cattle
failures, her reaction from the too reckless
speculations of few years ago, and she
is now to be lifted from the conservatism
naturally incident to such depressing set
backs, and launched on an era of sound, sub
stantial and daily increasing business pros
perity and growth. The horoscope has been
cast, her star is in the ascendant, and
never has it shone more brightly than
now when waxing in size and effulgence.