San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-09-23
H. E. Dickinson Declares
Costly Equities Are Being
Sacrificed in San Antonio.
TOO MANY LUXURIES
Working People Should Not
Try to Keep Up With
False Standard, He Says.
BY II. e. DICKINSON.

A friend returning from an extern
sive visit through the North and East
makes the statement that business con-
ditions in that part of the country
are good and there has been no over
production by industry, in fact, iu-
dustry is returning to n substantial
normal basis. The country has been
gradually getting back TO the normal
conditions of life and after all, that
is the only safe and sane condition
in which to live.
Following the wild extravaganza of
the war, came a period of financial
near-insanity participated in by
everybody. The fathers, mothers, sons
and daughters Of the great middle
classes, INDUCED in expenditures never
dreamed of before, through the money
earning capacity of high wages. In
comes grew to rich proportions and
the cornucopia of wealth seemed end
less. Extravaganza was easily ac-
quired which threw all sense of eau
ton and conservation to the winds
and economy and thrift became "old
fogy" ideas. This period of lndulS-
ence, like excessive stimulation has
its "dawn of the morning after" and
while it may seem like hardship to
return to the financial levels of nor
NAL conditions, the American peo-
pie have the happy faculty of ADJUST
ing themselves to any situation
Should Own Home First.
All signs point the way to business
ami financial changes and the quicker
San Antonio people get under cover
the quicker they will get on the road
to peace and happiness. The first
thing people should strive for is a
home, but home within their means
or o home they can pay for without
the payments being burden that de-
MES the family comforts and pleas
ures. Too many people are influenced
to buy a house which is not bone;
People, overcome by the glitter and
glamour of expensive neighborhoods.
rush into the purchase of high-priced
real estate to their sorrow. The city
has many people who are anxious to
salvage their equities in high-priced
lots and houses, at any price, when
they become disillusioned by their
plunge into financial depths, after
finding out that they canont keep
their heads above water.
When people who can afford S5oOo
homes stay in their own class and the
$40, 1000 people stay in their class they
will be happier than when they cIlnp
out of their classes. The same thing
applies to lots in the various sub
divisions. Too many people are specu-
lating in high-priced lots because they
want the expensive Improvements
when they canont afford to take inc
gamble. Equities in high-priced lots
and houses will be on the market this
winter for what they will bring, as
dollar saved is better than total
loss. That is not pessimistic talk. but
the actual truth, being brought about
through the economic changes in re-
turning TO normal.
Money Demand Great.
Here is another thought for san
Antonio people to consider. WINE
there will be a large amount OF cotton
money in the San Antonio territory,
the demand for money will exceed the
supply. Eastern money will not come
this way, as money in the East Is
being loaned in Eastern localities.
The large dividends to wealthy people
is being invested in non-taxable state
and municipal bonds. Substantial
business in industrial centers viii re-
ceive money for normal business pur-
poses and speculation will go begging
for money. A large amount Of money
is being held in the East to finance
Europe, on account of the vast profit
This money should find its use III
America, and where is San Antonio
and Southwest Texas? San Antonio
will have to finance herself.
San Antonio people must return 10
economy and thrift. A comfortaole
home in a good neighborhood with !. a
few hundred dollars in the BANK Is
much better than trying to live pc
yond your means to keep up talSs
impression. Select medium-prlceu
lot in @ well-located subdivision even ever,
il it does not have all the high-prlceu
fancy up-to-date improvements. a
subdivision with substantial improve
ments, necessary for well-buiit. me
dium-priced home. is the place Tor inc
average wage-earner and San Antonlo
has subdivisions of this kind far
above the average. No city offers tne
home-builder as much in .hnilding lois
at low prices and on small naymehIS
as such subdivision offer in San An