El Paso herald. (El Paso, Tex.) 1901-1931, 1920-10-20
Ell PASO'S REMARKABLE RECORD
OIL. STABILITY IN ALL CONDITIONS

IN quarter century Ell Paso has suffered no setback no
tagnaton- Fl Paso has had psnics ssTious fnan-
cial strngency, commercial disturbances Of large
2eTtance El Paso has never had serious strike. Her in
dustes DO not shut down utilities are not interered
with In quarter century there have been few business
failures Of note very few N which creditors banks have
taken important losses.
And there has never been time VIXEN the banks Of Fl
Paso not prepared and ready to render cooperative
service to any and every business institution deserving Of
It and worthy to be trusted with the pubics money Of
which the banks trustees No solvent going
forced the wall for lack Of bank credit And
the banks have always been liberal enabling their Gus
toners to avoid liquidation under unfavorabs circuu
stances.
The name e Paso is synonym for stability. Generally
there has been growth sometimes rapid and Sensational
but almost always steady Invariably there has been sta
hitT fundamental soundness local conditions financial
commercial and industrial
tt never seemed to natter what the conditions in
the country largeEl Pas0 stood firm FL Pasoans have
read Of paucs disturbances in other sections but have
not experienced them Now and then there is q little
tightening Up of credits and bit of pressure to reduce too
large unreasonable stocks but these apt to be
local adjustments and seldom have much relation
TO conditions IN other parts Of the country
The secret Of FL Paso's splendid stability through the
years despite storms depesson elsewhere the
passed richness ard especially the wide diversoation Of
Most cities and towns depend on one OF few leading
Industries 1t may be grain, furniture making cotton
jobbng mining WOOL OF lumber, or automoolle
cattle, OIL milling, shipping fruit, steel
any special industries branches OF
commerce, but in most town rises and falls with
dominant product industry, with general trade
and finance.
But 81 Paso commands 50 vast trade area and draws
her life and gain from widely diversified field, that
This city not has beer, and cannot be affected by
unfaTorabls conditions in any or few Industries OF
lines Of human endsaTor By the law Of chances, It IS
humanity impossible for all lines to be inJuousy affected
the same time by Of the balance maintained
among the different sections Of territory from which Fl
Paso draws support and among the myriad lines Of human
activity FL Psso is never notably disturbed OF depressed oy
uufaTorable conditions in any Industry OF section
The II Paso district is wonderfully Ich n varety ana
extent Of raw materials Of manufacturing The FL Paso
district has mining interests, livestock interests
agricultural interests; Of the agriculture Is absolutely
free from dependence rainfall and the droutl that some
times parches the range makes difference to the farmer
If mining lsgs in one section there may be offset m
another basic industry in another section Of the area so
that FL Paso is affected but little.
q Pasos trade is Of such sound, basic fundamental
kind dealing mostly IN the necessariss OF lie that It goes
right on times Of great plenty and IN times OF pause
people must live and FL Paso 81 Pasos trade IS
not speculative and is not forced Hence the stability
The tremendous transportation interests which make up
SO large an element Fl Pasos life to certain extent
Of regional disturbance for the bulk Of Their
traffic transcontnenta and transooeanc and the world
markets must be fed and must move their procuets Fl
Paso takes toll.
Fl Paso as center Of the livestock industry stands to
win because much Of the shipping IS interstate through
this market and port and financially 81 Paso Is IN POSITION
TO take toll the trade however the market IS gong
serving both buyer and seller.
Agriculture in Fl Pasos trade includes every thing
from cotton TO cabbage from pears to oranges and from
WHEAT 70 broomcorn Gardens orchards fields all yield N
greatest diversity the products Of the subopes and the
cold temperate zone and everything IN between according
TO Iocaity Right it showing IN part Of our trace
area whine cotton Is Just being harvested IN another part