The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1898-01-02

WHAT'S THE MATTER WITH
$500 TEXASs

! territories We have had good crops, our
1 cattlt ana sheep, with their products. have
| doubled In value within The last eighteen
months. got with ali these the wheels do
not move ms they should and as conil-
| lions would seem 10 Warrant. why is u?
! From the money centers OF the country
| millions of ho1rdcd capital Is flowing into
| the Industrial channels OF other States.
deaving vast enployments and consequent;
prosperity In It's wake, but if any OF ~
| reaches Texas al all, II Is in tmorous
| driblcts, scattered herc and there AMI
| making no perccptibie impress upon the
1 conditions OF the State, Millions ara go
| Ing iirto railroad construction In the
| mountainous regions of Tennessee and
| through the barron and almost uninhab
| ited plains OF New Mexico and Arizona
| while Texas offers most inviting field
| for such enterprises MT teAont hnlf the cog
OF construction and Through sections well
populated and developed. and with thrice
| tho resources for profitable operation
| found In the other sections Indicated. But
speak 10 n Northern or Eastern capitalist
of q chance for extensive investment In
Texas, and HIS demoanor Mt once chiils
the propoSor
There II something radically wrong
somewhere and the people OF Texas should
consult their own inner consciousness and
see II they can not fix the locatton.-San
Antonio Express.
This thnly-veiled and largely baseless
Calamity howl Is portion of The Ex-
press' comment on the recently published
letter from Judge A. T. Watts to the Aus
tin "Alcade." Coming from the Express,
which is SO vigorous, generally. in It's re-
Dukes OF the calamity howlers." 1t Is
worthy OF special attention.
1t Will be observed that Texas from the
Express own showing is In n very COM
Portable and prosperous stage OF develop
ment, despite the want Of foreign capital.
The crops have been good. "cuttlc and
sheep with their products have doubled In
value within the past eighteen months"
and the farmers. the bulk of our popula-
ton, arc In as good condition as in any
other part OF the world. Those satisfactory
agricultural conditions have given the
country towns and tho Texas cities large
busincss and an encouraging degree Of
prosperity, while Eastern communities
have been actually suffering. with tens Of
thousands out OF employment and the
wages OF the employed undergoing costly
reductions, The Post has often pointed
ont Texas enviable position In the face OF
depression elsewhere. This condition Is not
the result of anything else. either, save
and an efficient and honest democratic
State government
| But the Express thinks that something
| serious Is the matter with Tcxas--the
wheels do not move smoothly! Millions OF
| money. 1t says, are going into factories
| and railroad construction elsewhere. but
none III Texas
This does not exactly tally with the
| statements of the trade journals, nor with
tho annual railroad reports. Some South
ern communities are building some cotton
factories. but nowhere else In the country
! Is there any noticeable construction OF new
industrial plants. while there has been
practically no railroad building during tho
past two years anywhere in tho United
States. Tho annual extensions. chiefly
branches and tap roads. Will not reach 1000
miles Only two or three States In the
Union are better provided with railroad
! facilities than Texas and IL moro lines
We're needed here, tho fact Just published,
that the net earnings for Texas roads
equal the per cent of net earnings for the
Nation, would Justify and quickly secure
a greater mileage. Texas is possibly re-
ceiying M much assistance just now rs
any other Western or Southern State. from
the East's "hoarded Millions"
But there is something radically wrong
somewhere" says the Express. and the
people should consult with their own in
ncr consciousness to detect the trouble.
| The Post trusts that the Express Will
be one OF tho flrst to consult It's own In
ner consciousness" and reflect whether Its
repeated cry Of political war against
capital In Texas, narrow democratic ring
administration. an ignorant prejudloed.
popul!stic hostility toward development
the cry which the Newscs, the Express and
such men MS Judge Watts have FOR years
raised--has not been parity responsible
for any loss of outside confidence In this
great State!
| There Is not law ON the statute book
OF the State OF Texas that Is lnimical or
hurtful TO the honest use or Investment of
capital in this State, or preventive Of fair
and large profits
/ H. then, there is no legislation In the
way and the material conditions are in-
wiling and promising, ms the Express I'D
mits. where Is the tronbles In that Inn
aginauon o. the strangers that has been
hiled with false pictures by the boltcrs
and free lances and political guerril.as OF
Texas the slandercrs OF the State who
have misied and poisoned outside opinion.
But we are a very comfortable. progress
sive and prosperous community after ali,
growing steadily tn industry and wealth
aud largely independent OF foreign cap
ifai--at' any rate our condition does not
Justify the calamity howls Of the Express
and the radical wrong Is largely crea.
turs Of ths imagination.
xJcW EfYtlfII axrsn