Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-05-14

oHN ANiONio, Mhy io-IctuoPo
the greatest address Of the Texas Bank
ers' Association program, which was
given In ran Antonio. was that Of J.
Dabney bay. first vice president City
CITY National Bank of Dallas. but now
Vice president Of the First National
Bank Of Los Angeles. Mr.. Day spoke
In part. az follows:
when I lived In Dallas my friends nc.
cused the Of talking about California all
the time. and now that live In Call
fornla my friends out there accuse me
VI talking about Texas all the time.
which suggests TO my mind that these
two largest states Of the Great South
west have very much In common. In
fact. they have 20 many similarities. II
occurred 10 me that n partnership Of
the states would make congenial ana
being n native Texan. transplanted into
the California environment. In rcspon'
sible for the feeling. but do believe
that such o partnership would prove to
be lasting and OF mutual benefit ana
that each would aid In tho development
Of the other.
Texas In the biggest state In the I'm.
Ion. California In the second blggest.
California In the greatest oil produc
ing state In the Union. Texas ls the
second greatest.
California faces the placid waters Of
the Pacific and has developed some
splendid harbors. Texas lays her feet
In the Gulf Of Mexico. and In Its curv.
Ing shore line finds one Of the worlds
greatest harbors.
In the past both Texas and California
have looked 20 Eastern centcrs for the
money TO carry on their development.
Today they both face new situation In
the world. and no longer can we expect
20 build up our industries and develop
our lands with Eastern capital.
We must build up our own industries
with our own financial resources and
find our own markets. for u we 20 East
for money today We will be obliged TO
compete In our offerings with the flnan.
cial needs of the entire world.
All these simllarities between this
great state and California exist. and
yet notwithstanding this fact. because
az our geographical location. the posi-.
blllty Of rivalry In eliminated, and by
the ningling of their waters through
the Panama Canal. a bond Of fellowship
and union has been established.
Not only have We looked 20 the East
for our financial needs. but we have
looked 10 the Atlantic almost exclusively
for the development of the trade which
would take care Of tho products Of our
soil and provide n market In which
those products should lie sold. when
we. cunatsiae 4 4Ibals .Awo.thirds Of the
worlds population lies In the lands
bordering the Pacific Ocean. and that
Asia with its enormous area and vast
resources Of Natural wealth and TEEN.
Ing millions of people In lust awakening
a. her commercial possibilities. Il is
natural 20 aswumc TINT the Pacific IL
destined TO become more and more the
trading ocean OF the future.
In this commercial development Of
Asia. no two states are no well equip.
ped 10 assist ANA participate. due "a
the fact that we produce the commodI.
ties those nations require. To what ex.
tent We shall develop this Oriental trade
depends entirely upon our sagacity and
cndeavor along this line.
In 1917 Japan's cotton imports were
valued at S3sO.000 900: 1918. ssse. 00o..
900. an Increase Of one.third; and In
1918. $3.50. 200. 900. A inrgc portion 81
this cotton was grown In Texas. japan
ond China will absorb In coming years
more and more Of our cotton and cotton
goods. The products of Texas and Call.
fornia. In the future. should be sold In
the Orient ~ readily a. In the past they
have been sold IN EUROPE: and this new
market should be developed Just as soon
~ proper machinery Ia set up for eco.
nomic manufacture and the question IT
economic distribution In worked out.
n occurs Ia me that one Of the e.
sential things NEEDED In our program
II trade development. especially In
Texas. 10 20 arrange our own affairs In
the matter of Systematic. cooperative
marketing. have given some thought
10 this matter since have been In Call.
fornia and have found TINT wherever
there exists strong cooperative mar.
keith. system. mti6h smaller amour,
~ the seasons products are left In the
hands Of the producer. I long TO sec
the great strength ana power Of Texas
unshackied BY the handicap which the
lack of this system places upon her
Texas is an big In brain and Drawn NJ
she Ia In area. ana her potential powers
destine her 10 n commercial supremacy