San Antonio daily light. [volume] (San Antonio, Tex.) 1886-1907, 1889-02-09

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off pleasantly.
How Callaghan Destroys the Con-
fidence of Capital.
| Daily LIGHT:
| 1t is natural for man to desire the
communication of his ideas to his fell
| lows; this may come of meddlesOme
disposition, selfish purpose, or it
may be really that an honest desire to
effect good actuates him. If one cries
fire and we at once see the flame, we
never suspect him a burglar-yet if
after search we discover no fire nor
smoke we may become suspicious but
we should never doubt his good faith
till we have looked about us from
fair point of observation. Let what
is said here carry only such weight as
a reasonable conclusion from the facts
lead to. San Antonio is the market
of sale and purchase for southwest
Texas. The money that moves her
crops and cattle is centered here.
AS capital is encouraged business
is enllvened and activity in bust
ness makes prosperous the working
classes of our country. The impetus
given the city by the first railroads
encouraged capital at home and from
abroad. This found investment prin-
cipally in city lots, which were sub
divided and sold to immigrants at
fine profit. Many of our old residents
portgaged what property they owned
to buy other property with. Moneyed
men came and located among us, and
with experienced eyes saw more profit
in floating mortgages with large
margin, than in buying property in
city with no producing power. These
encumberances upon our property
have been transferred, extended, and
shifted about till the margins have
about all been worn off, and today |
really believe that our city and this
section of the state is plastered over
with debt. There is very little surplus
cash to be circulated, and there is
more than enough old paper
to swallow it up-This we understand
to be the evil and where shall we
find the remedy. Is it within our
own hands? Can we by pickering
and quareling among ourselves as to
the cause Of the trouble mend mat
| tiers, or shall the few who see no fire
stand in the path of others, till all are
covered with ruin? Will parties that
have been grossly negligent of our
public interest be permitted to cover
their carelessness with false alarm.
! No, let us look the situation fairly
over and seek to improve it, no mat
| ter who or what has brought it about.
! No city can command the respect and
confidence of capital unless it is adj
ministered in an economical and bus
mess way. No city with rash
mayor and time serving aldermen
can be fairly governed. There is no
faith in the values of real estate
! if there is no confidence in the head
of the government. Our mayor for
the past four years has done nothing
to install confidence in the public. His
conduct in office has been rash and
hasty and evinced no conservative
judgment. The public guests of the
city have been neglected by him,
while he has been lavishly social
with his personal friends. We must
have mayor and alderman of a con-
sentative and business character that
appreciate their official position, and
remember that the city's business is
public business and should be done
publicly and in a manner to inspire
confidence in the transaction. If
Arkansas Pass gets deep water and we
have two more years such city rule
as Callaghan's four, San Antonio will
never need any other mayor.
CHANGE.
All clubs throughout the city are
invited to attend the mass meeting tC
| he held under the auspices of tho