The Jimplecute. (Jefferson, Tex.) 18??-1907, 1906-02-17
JEFFERSON TEXAS. SATURDAY. FEBRUARY IT, 1906
LACK OF CONFIDENCE.

1t is matter Of no small considera-
ton to stop and think of the hundreds
of thriving little towns throughout the
Southwest that are totally lacking of
industries. Citizens are eager for them,
but it is noticeable that they generally
expect foreign capital to build them.
There are some instances where local
capital has erected industrial plants in
small towns, but great many of these
have proven failures. 1t is either the
lack of confidence in the ability fplants
built on this principle to pay, or else it
is lack of judgment in getting the
proper person to act as manager, Ex-
periencad promoters will organize a
company and build plant, from which
they may not get any returns in the way
of dividends for two or three years.
Still they express themselves with no
uneasiness. But it is different with men
who have no experience in the organi-
cation of stock companies for manufac-
turing purposes. They expect to get
large dividend right away, and if it is
not forthcoming, they get uneasy and
unload their stock as soon as possible.
When this ACTON is taken by one or two
of the stockholders, panic ensues, and
stock prices run considerably below par.
This places the plant in bad light and
there is hardly a management to be
found that could pull it out of the diff
Guilty. When stakeholder gets rid of
his stock-no matter at what price-he
wants it to appear that he did the prop
er thing, and he never let's an opportun-
ity 60 by without passing a remark that
will be detrimental to the interests of
the plant. When number of citizens
are of the same mind. the ball is set to
rolling: the citizens at large give it a
shove and the doom of the plant is
sealed. And at the same time, as little
as may be thought about it, the death
knell of the town is often sounded, no
matter how thriving it may have been.
The whole outcome is directly traceabe
to-lack of confdence.-Texas Trade
Review
The above was not intended es-
pecially for any particular town, yet
fits so many that it has the imprint
of having been made especially to
order. Every property owner
should read-cut it out and paste
in top of hat, SO as not to foget it
Every one who pretends to want
confidence is not sincere in it, but
it is real stinginess in them, they
don't want to put up any money to
bring about any Improvement what
ever. If others of more liberality
and with that manly pride, which
will not permit others to do more
than they. will by these efforts,
bring any enterprise to town, then
those who pretend not TO have any
confidence gladly takes advantage
of all benefits which may come,
Such action is nothing more nor
/ less than beating their way. When
any are heard to say,"We have not
the confidence" it can be easily
translated, "We don't want to pay
any money, I will accept the ben
fits coming from the money others
put up. Ourpsride does not prevent
my accepting such donations"
An other class are those, who il
they don't lead nor originate, they
will not follow, when in truth they
are usually incapacitated for lead
ing and absolutely without any
originality. The sensible man
takes up good move. it matters
not by whom started. Ifany town
wishes to succeed the utmost unity
must exist. If this is not done,
then 1T can be truthfully said, no
prosperity will ever come to such
d place, it matters not how, or b.
what surrounded.