New-York tribune., 1901-04-21
OFF FOR LONE STAR STATE
DELEGATIONS OF BUSINESS MEN LEAVE
THIS CITY TO INSPECT THE IN
.DUSTRIES OF TEXAS.

Thirty-seven representative business men. mem
oers OF committees appointed by the Chamber Of
commerce and the Merchants Association. left
Jersey City yesterday morning at 10 o'clock for
IeXas- They go there at the invitation Of the
lexas legislature and will travel over the State
until May g. investigating existing conditions with
view to reporting the possibilities of a closer
business relation between Texas and the East.
The party will return to New-York on May g.
The two committees are travelling by special
train. which they will leave until they return
10 New-York 1t is composed Of four Pullman
cars. combination baggage and dining car An
effort will be made TO make the run record one
between New-Yo and New-Orleans.
The committees will reach New-Orleans at $50
o'clock tonight, where they will be met by the
Texas reception committee, which is composed of
prominent business from every Congress
district of that State On Tuesday the train will
arrive at Beaumont, where the oil fields will be
visited. stop will be made at Houston Gal
weston will be reached the night of April "a.
Two days will be spent at San Antonio. Stops
will be made on April q at Austin. New -Braunfels
and at San Marcos. On Sunday. April 2S Llano
will be visited, well s Granite Mountain and
Marble Falls. Taylor Temple, Waco, Hillsboro
and Fort Worth scheduled for the same day.
Other Texas cities and towns which will be looked
over are Thurber. Wichita Falls, Quaneh. Brown
wood, San Angelo. Dallas waxahachie, Corsicana.
Ennis. Kaufman, Terrell, Greenville Commerce,
man. Denison and Gainesville. The return trip will
be made by way of st. Louis and Cleveland.
committees: each of which viii consider different
culture, manufacturing and exports They viii re-
port TO the committees, and the result will be sub
mitted TO the bodies which appointed them and
The sontfSs of the Merchants Association is
Pdek Po,4.r s Ramsay cRamsay William G. HooRle George
Metz, H, Elmer Gibb, Frank L. Sheldon Gustav
Jahn m p DIS lie R9y Dresser Charles I, n Hays the
Bi'E Goss; C II Rq8t % George Clinton Ton BateheeT Henry
A n.
BeaSh B T g9hn H Pynes G H Kavanaqgh @ ugh. James
corRhe win al and j. n Ncf9Bfr FaneF CFs'y Mead William
o3 The e GhamPer 9oa q Gomsrss GomR!ttse fol
& T. CoHngs RIaa-5 r. c.ra. C. Berlin ! = Hurley F B.
The committees left this city on The New-Orleans
Short Line. The train is scheduled 10 reach
six hours which will be the fastest time ever made
TO New-orleans from this city. They will reach
Norfolk and Western and Queen and Crescent
William F. King, president Of the Merchants
Association Of New-York, said yesterday in regard
TO the trip:
In friendly discussion Of the business relations
reence ' io the eject Of the es f OF e
slation which repeled investment OF capital from
visiting committees to inspect the resources Of the
State. inquire into the opportunities offered by it
lation desirable TO make Texas an inviting field
The mission is therefore. very practical one
TO learn first whether the natural conditions are
OF capital in Texas. and. secondly, whether the
public sentiment OF the state supports harSn laws
against corporate capital The legal aspects OF the
question important that the Merchants AS
socation has sert It's counsel James B. Dill. to
the corporation and antitrust laws OF Texas
Mr. Dill is qualified as, perhaps few are TO
determine what laws invite the corporate dollar
into a State he IS the author OF the corporation
laws of the State OF New-Jersey. and leading
counsel in that line. he has organized many of the
recent large combinations. The laws framed and
guided by Mr. Din in behalf OF New-Jersey were
received by the majority of the other States at the
outset with frowns rather than with complimentary
remarks When New-Jersey corporation laws were
first framed the State OF New-Jersey had State
tax State debt, and at the end OF the fiscal year
1892 but 5000 in her treasury In 1901 New-Jersey
no State debt, had contributed annually to the
good roads OF the State than 100000 year,
had contributed something s. 100000 to public
Institutions had paid all expenses Of the State
from the revenue received from corporations and
had a surplus in her treasury OF over 100000.
This was because New-Jersey had so drawn her
laws as not invite wild cat enterprises. but TO
attract actual corporate capital to the state The
result to New-Jersey has been more than the mere
representation of fees for corporations Manu-
featuring enterprises have come into the State TO
very great extent. Savings banks, trust companies
and banks of deposit have increased all over the
State. Local taxes have been reduced more than
one-half and the people of the State, from the
foundation, namely. the working classes 70 the
hnanciers and the capitalists. all have increased
prosperity.
This showing has changed sentiment in other
States. and they rapidly following New-Jerseys
example Of promoting Industrial growth py Just
corporation laws