El Paso herald. (El Paso, Tex.) 1901-1931, 1918-01-01
Pays TRIBUTE
To THIS CITY
Dallas News Correspondent
Tells Why We Get Branch
REGIONAL Bank.

In the Dallas News, OF last Sunday.
George lIcQuaid. Oklahoma City cor
respondent for that paper printed q
splendid writeup OF FL Paso under
the heading. Federal Reserve
Branch Bank to Be Established al
FL Paso.- accompanying the article
are illustrations Of the city hall. the
custom house. the Masonic temple, a
view OF Montana street and a picture
looking down the COUNTY road some
Of the more striking EXCERPTS from
the article follow.
Within % years IL Paso has
emerged from q dobe town on the
sunny side OF mountain that stood
aside for the Rio Grande TO get be-
tween it and Mexico TO be a meropo-
lis of such moment that il has no
competitor between San Antonio and
Los Angeles. It has no rival for trade
center and industrial fame south Of
Kansas City and Denver clear TO the
Isthmus of Panama
El Paso has great markets i'm
meuse smelters. and the impounded
waters OF the Rio Grande 70 make the
valleys blossom. OF course. it has
banks. Tt is tie market and store
house and strong box Of an empire
that embraces much OF west Texas.
much Of New Mexico and a stable
share Of Arizona That is why the
first branch OF the Federal Reserve
bank OF Dallas viii be placed in Fl
Paso- IL is logical point thai needs
no demonstration.
For the FL Paso OF manaua IS
present The promise that was read
by the monks a century ago has been
made good Where the 'd0be shaCks
onoe stood are towering buildings Of
brick and concrete Where the cac-
tus grew are beautiful homes built Of
brick, FL Paso IS a brick and cement
city The lumber yard known IN East
Texas Is not prolific in FL Paso-
~EI PasO has formed a habit OF
building with the more enduring ma
terials.
"El Paso used 20 grow rapidly on
the business that came from Mexico.
That was i'm the days OF the DiaZ rule
when canital was safe in Mexico But
El Pas0 has been growing right along
without the accustomed contributions
from the republic that has been max
ing the suburban settlement AT JuareZ
a 1aVorlte object Of resisted attain
melt by adverse factions. Compile
ton Of the great Elephant Butte dam
and the reclamation project along
the Rio Graude above and below Fl
Paso has added TO the farming i'm
portauce of the city. Development OF
mines in Arizona and New Mexico has
kept the smelters going and increased
the population and industrlals OF FL
Paso.
Tribute to Climate.
California has no advantage over
the FL Paso region in climate Tour
lists have discovered the city, and
hotels that would do credit TO any
metropolis are thrOuged summer and
winter with men and women who use
finger bowls and employ Wallets and F.
maids Il is an -year-round F..
resort, just as some Of the advertised /
-a.urnia cities are
$50. considering the commercial and ]
Industrial Importance Of FL Paso and .
the large territory that uestleS there .
4b0uts for several hundred miles in 4
every direction. and the growing inn F..
1ortauce and increasing population OF F.
-hat territory. ir is logical that ID T.
Paso shall have the first Of the
branches of the great Federal Re
serve bank system 10 be established .
10 the Dallas district The district
was designed to that end It is sim
ply handing TO a wonderfully eff .
sient city a most modern facility for
its place in the suu-fOr
becoming TO greater extent the i'm
lortant factor in the development of /
he nations wonderful financial sys-
EN- that its merits indicate for it,