Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1921-05-12
20 TEXAS CONVICTS ESCAPE in MUTINY
BANKERS ADVISED TO
SUPPORT WATERWAYS
Especial to The IIeraldD

SAN ANlONiO. lexis. MAY r..
Texans were urged to develop water
transportation system for their state,
to hook up with Pacific coast trade-j in
II speech yesterday by J. Dabney Day.
vice president of the First National
bank IF Los Angeles. In an address 10
the Texas Bankers association. Mr..
Day said:
In the past both Texas and California
have looked 10 Eastern ccnters for the
money to carry on their development.
To-day they both face Il new situation
in the world. and no longer can We eN-
peet Ia build up our industries and de-
vclop our lands with eastern capital.
We must build up our own industries
with our own financial resources and
find our own markets. for If We 20 east
for money to-day we will be obliged "a
comre.e i'm our offerings with the fl
nancial needs If the entire world.
Simiiarities between this great state
and California exist. and vet notwith-
standing this fact. because of our gc-
ogrophical location. the possibility of ri
valrv i eliminated and hy the mingling
of their waters through the Panama
caraI. bond of fellowship and union
has been established.
Not only have we lcoksd To the east
for our financial needs. but we have
looked to the Atlantic almost exclusive.
ly for the development Of the trade
which would take care of the products
of our soil and provide market in
which those products should he sold.
~ o nv s~.IE ..f
the worlds population lies i'm the lands
bordering the Pacific ocean. and that
Asia with its enormous area and vast
resources of natural wealth and teem-
in~ millions of n@nple j. Just awaken
ing 10 her possibilities. il is natural n
srme that the Pacific Is destined 10
heroine morc and more the trading
ncean az the future.
In this commercial development 81
Asia. no two St~tes r." weIl eauip-
assist and participate due 10 the
fact that we produce the commodities
these rntions renurc To what extent
shall develop this Oriental trade de
renis entirely nnon our saghcity and
erA"av"r along this line.
We have come to time IN the his
tory ~ the nation when might begin
20 think and art i'm world terms. This ~
fhc great producing nation and y inst in
It's infancy as far a its production -
concerned. and We must begin 70 level
~ other markets and new channels for
The rro1ucts of our soil. The European
markets. arc not IN position financial.
" ~ otherwise 10 consume our pro-
-
eyes westward and begin to think nf the
most economic method "f rreaiinp mar
kets over there for the distribution Of
our snrplrs supplies.
America is the financial capital oS the
world today. and il cNpert 10 main
tain this position. which has come to ~
by chanoe. should in addition 10 es-
iahiShing these markets in the Orient
leg'n at once ~ really dcvclop our Aown
tale~t and ma~hine~v for world trad"
N this program. Texas and California
had as well get into ia" running: for
inst a soon n we begin to establish
our own -1anufact"ries the sooner we
will he able 10 develop new and varied
ma-lcts
Fnr manv wears Great Britain has
acted n middleman FOR the manufac.
iurc AMI sale of large portion of onr
cotton 20 The world and IN edition ta
the larg" profits which Rave accrued 10
her. we have been obliged 70 repurchnsa
the finished products at prices which
are usually ont If proportion 10 the n 4
mount we receive for the raw product
We have. at least to this extent. fur.
Wished Grc;.' Pritain with the amuni.
fion with which Ia build up a great
world trade. and il occurs to me that II
y high tim" fnr the business interest
&c H." sputhw"''t 10 give serious and
thoughtful consideration - the manu-
facture anil sa'o of its own products and
now that We have developed Sut h Splen
did harbnrs were never III y better
prsition 10 extend our trade 20 .ne Orl.
ert not ~ - IN the export of nur raw
III; terial - III the manufactnr Il ~.
I ti,s aS VI Certainly no states ar
= v-cil ala'tnf nv rra~nn of lr ~
tnral Advantages and l"sation and the
amount If surplus products. to begin in
CONTINUED on page two.)