El Paso daily herald. (El Paso, Tex.) 1881-1901, 1900-04-06

when, if only by reason of proximity,
the United States should have con-
trolled the entire markets.
While this condition has changed
somewhat, foreign goods are on sale
in larger proportions in the western
hemis phere than are articles OF our
production or manufacture, while In
the giant markets OF the east, the
United States is still an unknown guam
tity.
The consumption of foreign products
in our new possessions has averaged
annually something in the neighbor-
hood of 500, OOO, 900. Under the new
conditions. traffic being ssfeguarded,
the next five years will double this
cum and the succeeding years will wit
ness q proportionate increase, based
upon stability of government and
other obvious causes.
The principal articles of import are
at present breadstuffs, provisions, iron
and steel and live stock. All of these
things Texas Is in position to supply,
and those she can not now chip, will
be possible when it's people have taken
advantage of her facilities and placed
the state In the rank she should occupy.
Within the next decade the imports
o! our new possessions and of markets
which will open by reason of the i'm
petus to trade therefrom, will approx
mate $500, ZOO. 600. The rush to sup
ply the demand will be great, and in
the competition thus induced, location
and proximity will naturally play i'm
portant parts.
Texas is favored by these very condi-
tions. She is nearer by thousand
miles to the east than her compel
ing states, and her ports are adjacent
to Cuba and Puerto Rico, thus permit
ing her products to be marketed in
advance of other points. Its rail lines
converge to the sea and direct trans
portstion is prime factor in produc-
ing the conditions desired.
What state in the union Is better
equipped with natural resources for
trade expansion than ia Texas? It's
tillable area is far in excess of sister
states; its variety of products greater,
its agricultural seasons longer, its
crop larger and easier produced and
harvested, and its timber resources
unsurpassed. The state has every
facility for the conversion of the raw
products into manufactured articles,
and it's climatic Influences combine
With other advantages to force it to
the fore in the race for industrial
gain.
Local capital is doing a great deal,
but local capital Is too limited to &C
complish the destiny of the state.
Foreign capital must be attracted and
protected. Throughout the south gen.
orally the value of new blood and en-
terprise is recognized, and every effort
is PUT forward that this element be Sc
cured. To establish a large packing
business demands million dollars.
So too factory for the manufacture
of iron and steel, the development OF
-four mile, smelters, machinery and
wood making plants demand. money
that home people cannot supply, and
without the element of outside assist
ance success will be wanting and faci
Titles lie idle.
The representative of great fnan
cial journal of Chicago said the other |
day, that II investors were sprotected |
in the use of their capital. the next
eighteen months would witness the iu-
duction into the currency circulation
Of Texas, of vast amount of money.
This money, and the accom- panying
benefits, must, however, be accorded q
Just and equitable treatment by peo-
Pile and government, or 1t will seek
other fields for investment.
To successfully operate extensive in
large capital is adesideratum.
This few individuals can supply, and
aence corporations must be formed
hat resources be developed and the
advantages of this great state be given
! chance to inure to the benefit of it's
people. The same argument applies
% home investors, and unless the
thousand and one persons who are be-
coming jointly interested in present
'no PaOJOSsCu CnOCi PAioSo tOSOiSC ohO
proper modicum of protection and ap-
IRE citation, talk will end in talk, and
progress be deferred.
Texas is on the verge of a remark
bile industrial revolution. It's people,
armers and business men, are awake
o the fact. Increased manufactures
md exports mean additional individ-
lal wealth, and increase in population
which follows enterprise always, will