El Paso herald. (El Paso, Tex.) 1901-1931, 1919-03-14
MONEY GOING OUT WILL COME BACK
Ell PASO THRIVING MORE EVERY DAY

TIJHE it is true that large sums Of money have been
w going out Of Fl Paso in the past few months Tor N
vesment in oil stocks, If is also fact that the CITY mas
been handicapped to any noticeable extent because OF
that The merchants report good business Collections are
also good and the people making and spending money
with all the freedom of before the war times
Croakers are pointing to the volume OF money gong
ont of here 10 the Easand Ranger Bukburnet and other
oil fields saying the city Is being drained Of money and
redictinq dismsv the coming Of day when oil stock
buyers viii awake find themselves feeeed by dishonest
promoters the drilled holes dusters and they are say
ing that the blow VIII be one from which Fl Paso VIII no
It hard TO recover
It IS impossible to say how many Fl PasOans have
bought oil stock how large the aggregate Investment
The totals change day BY day. always gong up and there
IS an impression that both the total of investors and the
sum they have invested are very large
Naturally, lot Of that money viii never come back
But much Of il VIII return and viii be followed, month
after month by large dividends In the next few months
great many people here going 10 get oil money The
percentage OF dry holes in the PROVED in Texas IS
small and the percentage Of crooked promoters IS also
snail There crooked promoters in the field and there
also honest but Incompetent and It is the duty
Of investors to beware Of both In the proved areas the
chances for getting oil the element of speeu
Iation almost eliminated if the company the square
and knows the oil business The word almost IS USED
because I'll pools tricky things and drl VIII strike
oil while another short distance away, vii 90 down be-
yond the POOLS edge.
PasO investors much more money in all likelihood, than
has gone out It is unnecessary to get excited about it.
the biggest thing indusay that has happened
in Texas is developing right before eyes One Of
its most interesting features that II is coming way
Week by week various companies drilling to
md as the geological formation is traced down through
this section It is virtually certain that wells viii be
sunk here and there in all this where the formation
looks favorable. That business for FL Paso
and great growth If oil IS encountered anywhere in this To-
caty Fl Paso Is rpe for big movement and it to
Be coming.
Business is getting better every day except in few
lines which have not yet begun 20 from the eff
fects Of depression caused by wartime restrictions Va
csnces in the downtown section left by the closing Of
looms becoming few and the demand for store
becoming increasingly keen.
The is Of houses Good houses for rent are
few and rents corespoHdngy high Proof Of this awaits
anyone who goes ont house hunting whereas before the
end Of the plenty Of houses available The
tes vel filled and apartment houses, in which
long there were many vacancies doing thirty
ing business
Improvement in general conditions is responsible for
al this There has been boom IN any line unless il
o and e Paso is little too from the big fields
10 have begun feel much effect from prosperity they
have created.
FL Pasos time IS coming when the dividend checks be-
gin coming in and It is coming still stronger when field
is developed nearby. Let few wells come in in close
proximity to this city, Columbus and see what viii
happen.
Meanwhile, e Paso going strong and getting better
every day.
They're all disavoving the censorship in Franoe-but
It still exists.
Although having had little part in the var, Latin
America has engaged in tremendous charge billion
marks for reparation.