The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-05-25
TOWNE ON TEXAS FUTURE
HAS SEEN VAST OPPORTUNITIES
FOR MEN WITH MONEY.
Not Only in the Oil Fields, but in
Many Other Industries Now
Undeveloped.
New Orleans plcayune.

New Orleans Plcayune.
hoh. tnarles A. Towne, ex-senator from
minnesota is at the st. Charles lie missed
through the city some time ago. on route
10 Beaumont. where he has hecn eyer since
senator Towne has filed a very dis.
tingulshed role in the recent political his.
Tory OF the country, being a member of the
| mouse Ill the Fifty fourth congress. n mem
per OF the senate during the interim he.
fore the election of Senator Moses f..
| flatt or Minnesota and nominee for vice
president on the populst and silver repub
'lcan tickets during the last campaign. II
was due TO him that II fusion was effected
III the forces of the opponents of an an.
precihilng currency. and 10 him is due the
tonor of combining the forces Of the ad.
mrents of silver against the monometnI
lists
| me senator has been IN Beaumont. ana
while there has become interested I'm th,
OIL deal with some of me strongest men of
the South ana Southwest. as well as mum
Der OF good men from the North.
-. IL. Beatty of Beaumont. said rho
schal OF, Is principally active with myself
| IN the formation OF the prOpoSpd rnn,nn,,,.
\ We nave CHOSEN Il name, but MS Ihrra is m,
| properly IN n name until the charter shan
nave been perfected, | do not care to di,
| NNlEt thN udhc lUai we nave selected
| 4 am going North and East Tor n while,
/ nut VIII be active in the affairs of oul
| company Tor some time
larse part Of onr land lies In the i'm.
mediate vicinity of the oil gushers. and is
| certainly productive of oil The resi- of
| the lands are selected by men who are nc.
qualntcd with the field, and whose judg.
ment Is worthy of all reliance
| Il have seen in Texas and Louisiana vasl
! opportunities, ASIDE from the oil. but to Il
| great extent qualified by 1t or dependent
/ upon IT, Its cheapncss and convenience
must without fail cause great deyrlup
ment IN IL variety of manufactures in this
I section.
Rice mills cotton mills. hardwood saw
mlsis turniturc factories iron works OF all
| sol.s and many other lines of manufnc
I tnrc must receive an immense impetus from
/ this cheapncSS of fuel.
Tho hardwood saw mills are Il vast in
| tercst in themselves. and about this little
] seems TO be known 1t is a fact that theie
! are no hardwood mills IN Louisiana, while
within the state are the most productive
The iron business presents a great prob
I lem. 1t may nr -h'. \ W.T. r..
used for smelling purposes. but at present
! hat Is question for the laboratory. ana
ana no practical demonstration has been
m9dS. Whatever may be the outcome OF
/ ilaiA9ritorA Inquiries L seems more chan
] likely nay, almost certain. that the cheni
! p"rontu iGc "'ill huve ',r effect or lc
ducing the price Of coal to the consumer
/ and in this renctionary effect the iron In
( NNStiN VIII Dcll'ut, even IT II tOeS moi
! benefit directly in the consumption % oil
~ have Just had long talk With GOV
Ser Hogg about the proencrts at New
/ Bin, rGRan. and I am inclined TO agree
/ With NiasSS9' there is 0old That nrescntS
/ DISQUALIFICATION bcvond anything thar has
/ been heretofore eSnrpsSed
The price of coal. rs I have said, mus
! be so reduced rs to make smelling promo
( sition there vastly profitable AMI for al
! snhsoGucpt processes. in the manufacturC
/ OF. iron md stool oil Is an ideal fuel
ANOTHER very ,lntcrestiing: question Is n,
| agriculture. This has not been fully an
| prccinted heretofore, though 1t hasnheer
/ so some extent recognized, and while ei
| Is attracting many investigators, they arc
! seeing things aside from the oil 'lcal. an,
! ! am under the impression that there vii
| he great influx of agrlculturlsts into hnt'
| States rs n result of the oil excitement anC
! consequent prospecting.
There are many other farrcachnC 81
1865 's' t'- N-"o"''i10 mon NAV see 4
/ he allows his mind to be taken for tn,
| moment from the oil question In n calm in
! vestigation of the whole situation. and II
| overv view of the case the whole South
and particularly New orleans. must profit.