The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-02-21
LET HOME CAPITAL BE USED.
Of Opportunities
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When the work Of making Houston a
deep water port is begun there Will be a
rush of investors to this city and new In
dustrial enterprises will he recorded
nearly every week.
II VIII be very easy matter then to get
the men with money to come here and TO
build factories When II is known that
in addition TO having the best rail facil;.
ties Of any town In Texas, Houston is also
assured of water outlet to any part Of
the world, the capitalists of the North and
East will sec that the promotion of in
dustries IN this city Is bound to net big
returns on the investment They will
forget all those Munchausen stories about
Texas laws being inimical to foreign copl-
tai and will be ready to reap some OF the
benefit that men with money, energy and
brains can always secure upon properly
conducted enterprises In this State.
An investigation of the undeveloped
condition of Texas, in so far as Industries
are concerned, would even today cause
the moneyed men OF the East to devote
some of their wealth. to the promotion
There are millions lying idle in the banks
of New York, Boston and Philadelphia
drawing only 8 to 6 per cent that
could today be put into Texas invest
ments that would make anywhere from
| s to 20 per cent. Past experience has
| taught us. however, that only occasional
| ly will some shrewd Northerner turn his
mind and money in this direction. The
political obstructionists and the news
paper enemies of Texas have given the
| impression that tho laws of this State are
all constructed TO confscate foreign CAPT
tai and it is hard to remove this absurd
idea.
But the beginning of a project that is to
make Houston one of the worlds greatest
commercial cities will attract the atten-
ton of men who are looking for invest
| ments and who will be convinced upon in
vestigatlon that factories placed on the
| banks of Buffalo bayou will make goods
that can be shipped to any part of the
! world. They will soon discover that Texas
gives the promoter of industrial enter
prises every protection and encourage
ment and that the undeveloped resources
of this State furnish a remarkable field
for productive Investments.
| 4 \
These factories are bound to come The
| Industrial development OF Houston Is as
| sured Not even the failure of congress
to appropriate money for the making of
our deep water channel could stop the
| gradual approach of these enterprises.
The city and the State are in need of
manufacturing establishments of every
kind and IT will only be few years be-
fore this Industrial expansion begins.
Other fields with not onetenth the advan-
tagea offered by Houston havo been given
the benefit OF such investments, and this
city will not BIO permitted to remain in
its present undcveloped state. The fac
tories will come without deep water at
our doors. but with our arm of the sea
given its proper and necessary develop
ment, such industries Will spring up much
more rapidly and to q greater extent.
~
But why should we wait for outside in
vestors to discover this fertile field of
money making that is crying for Develop
ment. Why should not home capital be
used now to promote Houston's manu-
featuring and industrial growth
There are dozens, even hundreds, of en-
terprises that are needed here today Not
manufactures that are to be erected as a
guess at the demand, or ut great risks,
but institutions to make goods that are
OF daily use here and elsewhere through
out Texas Not factories to supply
something needed in Cuba or the Philip
pines but plants TO make articles of home
consumption, and to use our own raw
products In this manufacturing. OF course
with our wonderful facilities for distribu-
ton of goods by rail and water it VII
he very easy for such industries TO en-
large their scope, and TO secure trade
from all parts of the world. but Just now
the Texas demand alone VIII keep two
hundred or more new Industries busy.