The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-12-19

Mr. H. Rugeley, a prominent banker Of
Bay City, Texas, was al the Bristol. Mr..
Rugeey is largely interested In rice cul-
ture and predicts that within 1--WE years
Texas will raise enough rice by herself 10
furnish the entire consumption In the
United States "As an evidence Of this,
let me show you to what extent the ftce
Industry has grown IN our section. we
started In with 500 acres last year ana
made a handsome profit and now we have
under cultivation IA the country tributary
TO Bay City 22,OOO acres. Just think oil u;
We now have three canals Duildlhg hnu
these new canals will enable US TO double
this already enormous acreage. les, ii Is
some thing phenomenal when you come 10
think of It, but IL IL there to snow Tor
Itself. Another Illustration to snow you
how this industry is growing: piece "t
land that sold for IS one year ago ycster-
day brought $50 aud land that was FORMER
y considered almost worthless Is now ',
bringing from SO 10 $50 per acre. You can
figure on raising twelve sucks OF rice 10
the acre aud this Will bring you gross about
s. per sack on the average. For some We
get 81 - per sack and others 90, nut
Ii viii average about 81. This makes $50
per aero. The net income depends ON now
much economy you practice ana there rs
whole lot of room 10 economic. We be
Gin blowing In January, plant from March
10 June aud harvest from July to October
Has all This helped Bay CITY! II certainly
has. We have about 1900 people II our
! little town now aud we are constantly
growing / nm proprietor Of the Bay CITY
| bank and We DO o good business ana on
| January p 1897, another bank VIII throw
| open It's doors II will be called the Firct
| National bank Of Bay City. Mr.. J. NJ.
| Moore, formerly of Anglcton, VIII he prcS
! dent aud Mr.. " 7 Goodc, formerly ot
| Olanthc. Kan. cashier The capital VIII
cicrs arr interested IN the new venture.
| Work ON The new steel bridge. across the
! colorado river a. Bay city Will coon com
menoc. The contract will he let early, In
! February % viii be n steel bridge with a
| quarter Of a mile Of trestle, with the mau
! span So0 fec long u will cost about $40
! 600 or $1,000
! 81 am on my way 10 New Orleans" said
| Mr. Harry II Ulman, a we'll known con
tractor OF Louisville, who stopped ovce In
| Houston en- route from san Antonio 30
! New Orleans This IS my Grst visit TO
/ Houston ana am pleasantly impressed
with your town. ] guess This is getting TO
| be an old story with you, but Houston
certainly deserves all the kind words a
pcrsuu can say about 1t. ! am in the CON
/ uactug aud building business and have
several large contracts IN southern cities
| taat / VIII look into on this trip. no.
/ tlcc one thing you ured IN Houston md
! that is additional office room. Everything
| here .eems 10 bc taken aud in some In
! stances / and dozen people occupying q
| gpace that Is not large enough for six. II
appears to me that the residence buildings
| on Main street are too close in 10 the ons
noes section. Houston is too large apd
growing TOO rapidly, from what car
learn TO stand this long. | believe Two Of
! three siN.rtorY n0iCc and store hu'ldhg'
| viii prove most profitable Investment
You have lots Of Idle capital, so hear
and some OF II should be turned loose. MI
lionRires who keen their money In tn
bauk or la stocks OF bonds never DO tow
mitch good, II amy. and II they want u
help their city along and NJ the same tim
help themselves they can do it by nuttini
Eoulo Of this surplus into rev building
notice another thing here; Nonr reu
estate men tell me that they get eXceueu
rents and that There Is really not Nacan
bcuBr 70 he had. What better indorscmen
could n city ask than that II shows tina
you have no ouc.dJy boom here, but
steady and lasting growth
Mr.. " II Robbins Of Minneapolis Is n
the Rlc. "No | didn't catch the colt
wave, or rather q didn't catch me, sal,
Mr.. Robbins last night 81 laft M,nn"apo
Die two weeks ago and IL WIS lust MS mic
as it. is here tonight see los the papers
though. tina, II was ~ degrees below h
Minneapolis on saturday last. I am IN
tcrcstcd in tue merchandise business II
my town and came down 10 look INTO SOM
oil ntcrrsis that have a Beaumont
was over there yesterday There Is ~
use iu talking Beaumont has great ~
aseooaoseass aoaSS go o Q