El Paso daily herald. (El Paso, Tex.) 1881-1901, 1899-12-30

business than the record of failures.
Commercial collapses are inevitable.
It is an old saying that not over per
cent of those who go into business
succeed, but 1t cannot be shown that
% per cent fail. Success is a relative
term. If those in business make
living for themselves and families, 1t
cannot be said that they fail of success,
though they may never reach their
ideal. Returns of business failures in
the United States for December are of
course lacking, but taking the twelve
months ending Novem Der 80 we find
that there were 900 commercial
failures involving liabilities of $780,
142, $50. This is the smallest amount
of liabilities for any calendar year
since 1881, when the total was Ss1, 1885,
932. Considering the difference in the
mum Der Of firms under supervision and
the volume of trade, the liabilities this
year are relatively less than in 1881,
and s247, 900 900 less than the panic
year of 1898.
BY comparison, Ell Paso stands up
we'll, in proportion to population. with
any other American city. Capitalists
concede for this city a prosperous ca
reer as the open door between the two
republics. All the tests of business
growth applied to other cities find apt
illustration here. The best evidences
of outside concessions to our growth
and future progress are the Investments
of outside capital in our real estate, in
dustries and business opportunities.
People usually show their faith by
their works. The unusually large in
crease in the deposit credits at the
banks reflects the prosperity which ex-
lists among the people. The progress
sive Ell Paso of today is the creation of
twenty-five years, and while it stands
as a wonder to those who first came
here, it Is safe to predict that those
who tread it's streets and transact Its
business twenty-five years hence will
witness stillnmore marvellous changes
and wondrous growth.
The mining industry has had q ia
vorsble year and next year promises to
be even more favorable, both in the
extension of old properties and the de-
velopme emit of new ones The output of
the rapidly developing mining proper
ties round about Ell Paso will undoubt-
eddy eclipse all records. Rich produc
ing properties are no longer confined
to q few camps, but are scattered over
a vast territory tributary to this city.
The agricultural, fruit and stock in
dustries in Ell Paso territory are grow
ing rapidly, and 1900 will doubtless
witness wonderful increase, while in
railroad extensions, that great factor
in the development of new country
like ours, We have more than held our
own.
A revival in real estate lin Ell Paso
has already set in. The demand for
houses is so gre at that in the spring
it will'be met by building activity
such as has not been known since the
city was founded. Business property
is also in great demand and many
large buildings are contemplated in
the business portion of the city. With
this increased demand for more build
ings, real estate values are advancing.
Altogether Ell Paso's prospects for
1900 are brighter thankever before.
Substantial prosperity We already have,
and the next year will see it multi
piled. Fortunes will be made in 1900
by the men:engaged in exten sive en-
terprises and every citizen will.receive
a share of the benefits.
Not the least important advance
made in 1.-THE year 1899 in Ell Paso is the
of the chamber of COM
merce. No--moreiimportant enterprise
none likely to benefit the city go
greatly-has been undertaken.
And what of the HERALD? 1t has
kept pace with the progress of the city.
It has measured up to the highest
any citizen could reasonably
set. It has become a modern news
paper and surpassed the expectation
IF every citizen. In advancing the
standard of the city it has advanced its
own standard.
The general review of the progress
md prosperity of the southwest will be
20 complete and auth entic in our 1900 |
souvenir edition that but q passing |
glance is given it now.
The HERALD extends its greetings |
10 the New Year, equipped at all points
music that will mark its days and |