The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1896-12-30
OTHER AFTERMATH.
To the Editor of The Post;

!, spondence. that MIR. c. II. Silliman. form
j or Austin capitalist, now OF Fort Worth
= wrote to Northern capitalists recently witt
view Of getting them to put some 8 pt'
cent mooey In Texas. Mr. Sillimau re
ceived the following rrly from the presi
dent OF the Prov,dent Life and Trust com
pany Of Philadelphia;
Il have your favor Of November Is :,
far as the physical aspects Of the case al,
concerned Texas affords an admirable fielC
for investment. The moral and legal As
reefs. however. are such that | am pro-
hihsied from toing any business in the
state. The menace OF populisn is such
that We can not afford to risk the posi-
bilities nj adverse legislation. have nc
doubt that there are multtuies of men In
Your ccmmUnity who look at the matt sr
Just as we DO, but the minority in such a
case is impotent to preserve the equities
that are essential between debtor and cred
itor am very truly yours,
sam Il. Shipley. President"
The people OF Texas will probably never
know what disaster and ruin they escaped
through the repulse Of the populist-fusion-
list assault turing the late campaign.
And in that campaign TIE Houston Post
stood alone among the daily papers Of
! Texas in exposing the danger to the credit
and the business interests of the State that
lurked in the popullst movement.
! 1t was The Posts daily contention that
the success Of populisn here would mean
! positive disaster.
While the cause OF the National democ.
raoy was an object of concern to The Post.
1t was plainly apparent that the State CAM
paign aroused its deepest interest, and to
which it gave the most UNI emitting atten-
ton and energies
Populism had blighted wherever it hal
been tried and The Post was not ready to
see the deluse in Texas
Nobody cared for E. II. r. Green. but an
open letter was addressd to him by The
Post. urging that he should as a business
man interested in the development OF the
state, cease to encourage the populistlc
propaganda in Texas and prevent populisiic
success That letter was designed to at
tract the attention Of business men. ami
succeeded admirably in its purpose
But for The Posts exposures and per-
sistent warnings and appeals it is now
generally admitted that the rebuke 10
Kearby and his wild host of followers
would not have been emphatic enough to
remove the State from the menace OF
populism."
What Of raxa, AVID t-a,-t,. ,..,... ......, |
IT.
''s"i VIC" even nc capitalists are aiTd'd |
OF the State?
OF course there is no ground for such |
fears as this philadelnhian evnrosses Mc
silliman answered him fully when in r,pl, |
10 MIR. shlpley's letter he said.
with the deplorable condition Of affair.
IN Kansas at our very doors il is not at
az pioLapie lhe' Texas VIII follow IN her
- - Ft'''sV '''u.uns my ttpuu'a'
such as has recently been elected would |
pass any laws which would tend 10 bring
I a, Sucn result ne Indebtedness II
.o,nnarea Win o,h.,. 49,. ~ 80
EN- STATES The great maiorit, of her pro
ducuve lands in the agricultural belt are al
ea"s al noin'sseaus' auu uuuer our laws
money Tho racnnor,tiyn povors nS TO-
are marvellous OF cotton alone she pro
duess more than one-fourth of the entire
about @ooo,o0u bales PER annum. and worth /
= en "co p "0o VI 'i,! US prices, oetWetu
her immense uncultivated territory to he
filled manufacturing and other enterprises
10 develop raster docs not seem seasona-
, !.iso ,tai W, ,,.n M t,n,II,.
flow for investment to n country so pro
life in natural resources, provided her
laws remain as liberal ahu laVoraole as
nv ''N' '1''N' W. 'N"'
''''' VI '0p'''''' ""' '''
""s 'Ne 'e'' fSP'' .'''' ""'"
'"'Ve''"s
WY '''o
!" ''PoHi"s ei'e ass'".'s upon WV ''a'e
7o'e' ii"' NJ VI ie"as' anu aHS's''"s III Aeep-
"s NV "''' '''N - f0N'
'"' ''',.'s ''N" 'o"''N"'