The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-04-27

compare it with that of twenty years ago
Their people are employed; the mills are
busy and their banks have money, ana
prosperity and happiness have replaced the
conditions that existed before the com
mercal regeneration took place. 70 go
back still further. Take the States of Iowa
and Illinois, which are today two of the
best States in the Middle West. Look
at what they were before they changed,
and so you can go through almost every
State, except possibly some of the original
ones
was brought up in New England, which
is the headquarters of several important
industries and the birthplace. OF many
more. | confess that being saturated with
that air, ! am perhaps biased In favor or
encouraging that particular line or ae.
tivity. have seen many OF our important
towns in that section grow into rich citles
the population growing with the wealth.
and general happiness and prosperity com
ing solely from their manufacturing ac-
tivity, long after their natural resources
been exhausted. II we can accomplish
this up there. how much more can You 40
wen you have onc-third of the cotton o.
the United States, when you have an area
when Won have your iron fields, mines ana
your newly discovered oil fields, Whicn
give every promise, not speculatlvelE nug
rs fuel to be used In all the Industries OF
this State. as well as to have a SURPLUS
amount TO be sold out of the state: your
lumber interest is large. your beef catlle
try. but of Europe. You are well supplieu
with railroads Your harbors AT Sabine
Pass and Galveston can handle very larg
quantities Of shipping, which should take
care of all the products which Texas can
turn out. But we have deposited In inc
associated banks of New York over S'up,-
0t0,O0O. This money is there 10 he us q
Bank men WIN tell you thar their most
difficult proposition IN TO keep II out at
interest with safety.
Capital Is extremely sensitive. You must
NJ
can find employment elsewhere and WI !
only seek Investment where II is encour ,
aged, In. connection with this, ! wouli
like. 70 tell you an incident that happened
in New York State, to show you that me
same kind Of vote which. comes from tne
country district is troubling MS in the
State of New York as II Is troubling You
In the State of Texas. Two years ago
there was introduced In the legislature Of
the State OF New York bill 20 rednce the
legal rate OF interest from 10 . per cen,,
ae Merchants association of New lori
WAS active In opposition to the Bill;
happened 10 be one Of delegation which
Ine cities committee Of the assembly,
when ] did. When was through WIN
my speech ! sat down on the outside or
the crowd. One of tho country DELEGATES
came up 10 me and said he had followed
my speech. that it was logical, that It was
clear that II was apparently sound, ui
that he did not believe a damn word J
had said reclte this story. to simply
show you that the same spirit exists there
ms here. They do not appreciate leglsia-
tlon that Will protect capital. II is the
ono problem that has 10 he overcome, not
only in, your State. but In ours, In TINS
connection ] wish to say that although We
recognize that the political malorities ~ ~
your State are excessively democratic. u
makes no difference to us which party cor
trolls in a State. There are Just ms many
good democrats as there are repnhhne am
| hut we must insist upon IL that the men
holding office. whether democrats or re-
publIcans. shall provide good goNefnnehi
| and that they do not stand Tor reputation
| free silver or nat money. -.
Gentlemen. while this Is my nrst rs
| TO your State I have been In the wynn
| states Of Montana Idaho and WYOMING
and know their people The same general
| personal characteristics prevail there az
\ here When I speak as do ~ futl,e
| business relations want yon 70 distinctly
| understand that / do not SPEAK II VII
! personal characteristics. Having hved Wild