Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-03
TEXAS STRAIGHT.
The Story of It's Growth and Resources
as Told by Il Fort NOrthite.
Inducements GTNred by Texas to the Nor'h 'rr
IEvestor-Laek OF In '"rms Ion in Ee-
gard to the stste.
Investment Reporter.

IOllOHlDP iacls OUtEIueu IEOH al IuleT-
view with MIR. b. B. Paddock of Fort
Worth, Texas.
In reply TO an inquiry as TO the general
condition of affairs in Texas MI. Paddock
said:
"There is probably less known about
Texas than any section of the Onion OF
the same geographical proportion. For
long time il has been current opinion
that Texas was q semi-civIliZed country,
the retreat of the lawless element of all
SECTIONS and the home of the desperate
and freebooter, while the truth is that
there is not more law abiding state i'll
the Union. or one In which the laws are
! more rigidty enforced, than In Texas.
The enormous size of the state, embrace
ing as IL does, territory equal i'll size 10
all the New England states, New York
ami PENNSYLVANIA combined. is over
looked by the casual reader of the ac-
counts of crimes committed and laws vio-
lated. The tactis that there are fewer
crimes in proportion TO The area and
population in Texas than in any portion
of this country.
1.-THE same lack of information exists
as to climate, soil and products of Texas.
BY reason of its area. difference in alti-
tuds, variety of climate aud soil, the
homeseeker cannot fail TO find in some
part of Texas location suited to his
tasts or vocation. The great variety Of
soil and climate enables the new resident
If an Agricultural TO engage in the same
pursuits, IN raising the same products
for market IN which he was engaged in
his former home, no matter from what
part OF the country he may come
l., et..r rts,kWy
of pro tuctS?'
eyes; Texas can show pine TO Maine,
granite TO New Hampshire. marble 10
Vermont; tobacco TO Connecticut, Vtr-
ginia or North Csrolina; cotton TO
Georgia, rice 10 South Carolina, oranges
10 Florida coal aud Iron to Alabama and
Pennsylvania, copper TO Michigan, silver
tc Colorado. wheat TO Iowa, corn TO
Illinois, sugar to Louisiana and horses 10
Kentucky; while 1t leads the world in the
quantity and quality of its cattle. 1t
already raises nearly one-third of the
cotton crop of America. and If the lands
peculiarly adapted to cotton were
planted in that staple il would produce
more than the present cotton crop of the
world, and still have room 20 grow bread
stufs sufficient To supply the demand for
the entire country. IL lts iron
beds were accessible by rail it
would be able 10 supply the demand
for that product for q century
to come. It's copper fields are extensive
and rich, anu the finest vein o: manga
nese Gan important element in the man
ufacture of steeD in the world exists in
Texas. 1t IL only a question of trsps=
po-tation, and this will come in few
years.
''How about investments; are thsy
safe and secure?''
''As much so as in New York, and
Eastern capital is rapidly coming to
realization of tho fact In the last few
years millions of dollars have been in
vested in Texas, and principally bv Bos-
ton and other New England capitalists.
These people, usually the most conserv-
alive of investors, have been the first TO
discover that Texas presents an inviting
anu safe field for the Investment OF
their surplus, and millions are trans
frrret there every year. 1t is Boston
capital that is building up Fort Worth,
constructing deep water port at the
mouth OF the Brazos and engaging in
other enterprises which your own people
haye overlooked aud neglected There
Emo state IN the Union where the laws
are more favorable to creditors and
where mortgages can be foreclosed with
As little cost and delay and as absolute
title obtained. -
''What Is the customary rate OF inter-
est2''
1.-The limit by contract is - per
cent, but this ia not unfrequentiy
augmented by commission, ETC., ao-
cording TO the Necessities of the Dor
rnr -
Large loans for long time are made at 10
per cent, and In exceptional cases as
low as for very large sums aud I'M
usually long tirue.''
'Can the people afford to pay these
high rates and still make nouev?"
Certainly. The rapid growth and
large demand for improved property,
high rents, low taxes and other infiu-
ences enable the borrower 10 realize a
handsome profit In excess of this rate.
The state is practically out OF debt and
has large cash balance IN its treasury,
and nearly all the counties are equally
fortunate, so that taxes are not consid-
cred any burden at all. -
"For what purpose is money usually
fequired?'
''Priucpally for improvements. Like
all other new countries, the production
is not equal to the demand, and the
money il sought from older d more
wealthy communities to improve and
make remuneratiye property that would
otherwise produce no revenue. The
state Is IN a most prosperous and -four
ishing condition. Crops ars abundant
and commend good prices. Labor is in
good demand AT remunerative prices.
New farms are being opened, new coun-
ties organized, new territory peopled
and new towns and villages
beng established all over the
state. The census, just completed, will
show about S, 200. ZOO iuhabitants-au
increase of 100 per cent. IN ten years,
and the increase in wealth is much
greater. feeling OF confidence per-
vades every line of business and the peo-
pie are hopeful and saneuine. Alto
gether 1t may be said that Texas is Oh
boom ~
:How about facilities for Transports
ton; are they good?'' !
ITO certain extent. they are.