Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1901-06-26
GREAT
7. FUTURE
Is Predicted For Texas,
by Judge Grant.
The Discovery of Abundant Oil Resources Will
RevoIutiOnize the Industrial Features of
the Great Southwest.

tempt Of the courts here, and are
actually under indictment. The Gov.
ernor Of the State where they reside
refuses to perform his duty of comfy
by honoring acquisitions upon hm
for their persons, and so it is not
strange that they are not here person
ally, dealing in oil property, as other
Northern investors are. The difference
in this respect between Texas and
Ohio, is to the disadvantage of the
latter; in Ohio the Standard openly |
detes the highest courts, and dares
them to execute their own orders; in |
Texas the authorities are alert and
resolute in seeing that an organized
law breaker does not at the outset
engross and monopolize this latest gift
of natures bounty to her, to the eX-
clusion of honest competition and en-
terprise on the part of her own citizens
and those of other States. This atti
tude of Texas is greatly to her credit,
and in it lies the security and safety
of free investment,-wh large or
small.
On the ground here one is constant
ly impressed anew with the magni-
} tude of the oil product in the Beau
mont ield,-both present and prospec-
tive. The recorded number of wells
drilled in this country since 1860 is
l said to be in the neighborhood of
] 100000, according to the geological
$ survey of the United States. And yet
a out of all this vast number, and in
t all these 40 years, not well has been
struck which in productiveness has
e of the spouters now flowing in this
\ vicinity. The widest predictions.
), therefore, which one hears in the hotel
:, corridors here, are not unlikely to be-
: come matters Of fact at no distant
o day.
), For the early and easy realization
n of the promised workmanship in
d oil-producing, the Beaumont situa-
y tion is, in some other respects also
peculiarly favorable. 1t is at the front
l. of the splendid lumber region OF
It Eastern Texas, which stretches back
J. from it for some 300 miles The long
u leafed pine, with considerable ad
l. mixture of oak and other hard woods
n dominates this immense area, while
1 numerous rivers Of an easy rafting
s. capacity, with railway system which
a fairly gridirons the country, are here
D. to bring the timber products to the
1T oil field and market. Texas herself
% as truly imperial in resources as il
extent of territory, with her 245 coun
ot ties, embracing the widest variety o.
is climate, soil and production, has seem
ID ingly been waiting for the one missing
Z. link of cheap and accessible fuel tt
RS round out her destiny of the industria
to primacy of the Union. 1t seems t,
- me that l hazard nothing in saying
h that she can, and will, within tn
ii! time Of men now living, support fift,
ut millions of people. Her population
Id has risen from S15,579 in 1870, t.
e. 3,04S, ,S2S in 1900. Keeping close pac
with this growth of people, the taxa
rd BILE wealth of the State, between tn
'r- same years, increased from $149, 1872
I'd 1872, to $946,320, 0,25S. Foreseeing tn
ld probable future of so vast a domain
ed and that education of the people mus
It's be its only and efficient safeguard an
er guaranty of the rule of law and tn
re security of property, her authoritie
Is have made princely provision for he
ly school system. Last year her perma
IN nent school fund amounted to owe
ny thirty-six millions. bringing in a
or- income of about four millions. Bt
fe- sides this there is set apart twenty
lie eight million acres of land which /
as to be sold for the benefit of the sam
is fund, at minimum price of $500 a
IN acre This is an area equal to tn
le- State of Pennsylvania, and its preseu
he worth is not less than sixty million
Ter of dollars. Not to mention the count
to school funds, nor the munificent Ell
ar dowments, in lands and money, of tn
in State university and the State NJ,
ge chanical and Agricultural college, nc
the large Normal schools of the con
I'd monwealth. these figures show no,
lis broad and deep the foundations hay
rs; been laid for that empire which is S
he rapidly looming up in Texas.
or- The agricultural possibilities of tn
Nv region directly tributary to this o
ne field are in keeping with the othe
IN elements which are to make up II