Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-11-28
year the output from the latter repre-

| sented S47 900 ZOO.
| British Columbia has largely particle
| pated in the general development of
Western North America. Victoria and
! Vancouver are its chief cities. The lat
| ter is the present terminus OF the Cana
dian Pacific railway, aud is not only the
| port of entry Tor most foreign goods re-
| CURED IN Western Canada. but cousti-
tutes route by which q good deal of tea
is received from China. Both-cities have
grown considerably. and at the latter
| great deal of money has been made in
| Real ct ite.
TExAS-sOUTHERN AND EASTERN STATES.
After returning to Colorado l took
| journey OF 1900 miles southwark, passing
! through Texas to the Gulf of Mexico.
The area of Texas is 262 ,290 square
| miles, against III lis square miles in
Great Britain and ireland. / found
| much of the country was being rapidly
| settled. Land in the Panhandle which
was submitted to us some six years ago,
which then seemed beyond any prospect
of early settlement, is now traversed by
trunk railroad ana contains t0lrishing
little villages AROUND the stations, from
whi;.h stores are distributed among the
farmers residing in the localities.
Texas will, believe, continue to at
tract agricuIturis,s for long time, as
there is a good deal OF land get uucul j.
waited. Many have abandoned certain
parts of the extreme north of the states
where the snow or frosts prevents farm
Ing operations six months of the year,
and are selecting the warmer Texas soil.
THIS steady industrial growth which has
commenced in the state Involves the
growth of the towns. san Antonio,
fbuuUh mar hp rur,i. al il he "a II
town IN the state, having population
of about so. 900. 1t is growing rapidly.
Not only does the increasing settlement
OF the country contribute to its prosper
ity, but its charming surroundings aud
warm climate are Occasiunlng II 10 he
selected us u winter resort. | was in
formed that large sanatOrium was
shortly to be erected on some prettlly
wooded grounds adjoining the city which
ne.ghbOrhood is 10 b. Reached bv electric
tramcars, the rails for which were gu the
ground when | was there.
Fort Worth, uhOut 800 miles to the
northwest, already ciminS twelve rail-
roads anu has quadrupled its population
in the last ten years. The latter now
numbers 50 90. The new stock wards
and rolling mills and irouworks are
evidences of the energetic commercial
spirit winch ptTVRles utT people.
Dallus and Austin share the surround
ing growths, while Galveston, BruZOs
and Corpus Christi are each exp-nuiug
large sums in thu CONSTRUCTION of deep
water channels or dork 10 secure the
inevitably increasing traffic to and from
tie coast of Texas across the Gulf OF
Mexico.
l next traversed the states of Louis-
qua, Mississippi, Alabama. Tennessee.
Virginia aud Maryland. Some OF these
contain valuable mineral and agrirul- !
turai lands. A good deal of the latter |
Remains unieveloped. There appears to |
be prevailing objection against going |
tn the states where colored people form |
such large proportion of the popu-
latlop.
MORTGAGE SECURITIES.
/ referred at the commencement of |
this report to the cause of these annual |
visits. l might have edded that for |
some years before making purchases of
real property in the states, We had al !
ready been engaged in the investment of |
money on first mortgage of real property
there. The demand tor money occasions
the rate of interest to be higher, aud en-
abies the capitalist to more easily dictate
up to what proportion of the value of Sc
CURED that the present value of the real
estate security shall equal two and half
times the sum TO be advanced, and in
nearly all cases the principal and inter-
est are guaranteed by substantial COM
panies connected with the districts il,
which the investments are made.
In none of these investments have we
ever experienced loss, or DELAY in the
payment o; interest. These mortgages
are usually for period of five years,
and, when guaranteed, yield to the in
weston per cent. per annutn, which is
payable half yearly 10y coupon attached.
The method and security are very per-
feet, rs each mortgage is recorded in the
law court; SO preventing any other
Charge taking priority over the security,
and u certificate of such record, gupd
by the register, accompanies the mort
gage.
CONCLUSION ARRIVED AT.
The opinion impressed on my mind
aft a tour OF careful! investigation is
that there is vast uudeveloped wealth in
the western sta eS OF America. Tue
mountains are rich in precious metals,
the land is rich and capable of sustaining
n very large population. Capital and
labor are needed 10 develop these re-
urces. The latter has found its way
there more freely than the former, and
the labor appears TO he equal to the rapi-
tai available to sustain it; but the capital
is not equal to the opportunities existing
on all sides for its productive and profit
able employment.
Yesterdey's Local Wea,her Renorr