Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1923-03-07
X. Is. Cyedger Reports Business
Interests of Country Are Very
Optimistic; Prosperity Evident

tions. too. will soon feel the effects Of
the l&n,ral business revival. ~ said
The Valleys cotton cron will max,
this one NJ the most rrospcio Gus sections
Of the country. The price OF cotton has
already passed "a cents. and ~ th.
Valley rs the first 70 place its crop on
the market The Valley growers are as-
sHr"d of high price. ann confident
tAat cotton will net W selling untcr
20 cents until long after the Valley
crop has been placed Oh the market.
IL treaecr said.
THE farm credits measure PASSED
during the closing days Of the session
will prove great boon 10 the farmers
Of the entire country. giving them al
opportunity to secure lower interest
rates and providing the necessary capital
-ss> ssl4y = ..ss tnais- operations" he con
tinusd. 1T wa the roHccnsus Of opin-
irn su Washington that the liberal pro-
visions Of the farm credits b:ll will
prove u tremendous facto. III placing All
branches Of agriculture upon NOR,
profitable basis The lack of capital has
heca the principal obstacle 90 asr.cdl
'nral development. but the provis ons
of this measure. which make il possible
fnr farmers ~ secure the financial as
Sistance mary of them need. will
bring prosperous conditions 10 every
agricultural section Of the country"
Defeat Or Sh.,nng Eisl.
Mr. crra~cr regards 80 dcicat ,f
thr administration's shipping bill -
the only cloud On the horizon. lie wa
IN Washington NJ tn. time Senator Shcp-
pard started the fiiibuster which re-
suited IN .hr defeat of 'l- hsil.
''Thc Valley probably did not realize
how deeply interested ii was in the
shipping oilI." w. C..y.s~r "a a. II,
Will not ~ long before We have a port
AZ Point Isabel, and II that measure
had passed. and The thousands Of Amer
lean Shps WHICH are no.s russlng ~
Portsmouth and in ih, siil~cn river
had been placed IN commission. the com.
petition III the coastwlsc trade would
have been keen. ana ;hcrc would be
plenty OF boats eager to get suca ton
mage aS the Valley can supply. coaSid
a. the defeat MI fh- III rp.n.. 4 ea
iamity which VIII react u 4 certain ex-
tent upon every business interest IN the
United States. NJ country has millions
of dollars lied NJ in craft which are now
rustiHg ~ their docks. ard " thcsa
could be placed in commission. carry nG
the counsiy's products TO the markets Of
the world. the Profit to every branch
of industry would have been faf great
or than the amount Of the subsidy pro-
posed Wy the measure.
When I heard Senator Sheppard max
ing his speech shought uf the Valley
and Point isabel a~d what it would
mean to Valley interests ~ have keen
competition Tor tho tonnage wh .ch viii
eventually leave the Valley throGrh the
port"
The Political Situation.
In regard 70 the political situation Mr.
ticaErr stated that republicans were
practically unanimously ~ favor Of -
second term for President Harding and
cNpreaScd tn" opinion that no candidate
would enter tho lists against him ut the
national convention. There are three
outstanding figures ~ the democratic
lists" he said. "and no one can forecG I
WIN will lead the dtMocrrtic party III
1924 Senator Underwood and William g.
hCAuOo tIch nave StfDNN ioslbW3iS~
and the nose radical element Of the
party appears 70 team toward iIcnrr
Ford. However. the party leaders do not
cons der Ford as formidable figure"
In regard 10 the Pcddy contest
brought IN the >eaa'c against Earle b
Mayfield Mr. crcager stated that il
would BE- referred to the committee on
privileges and elections as soor a. the
new congress convrncS. and Suhccm-
mttee would be appointed TO hold hear
ings. The hearings will probably b. held
in Wash ngton. but the committee may
come To Texas for hearing on some Of
the evidence involved Several months
will probably clars, after the convenine
Of the new congress befo~e the contest
il finally settled. Over eighty typewrit-
ten pages of cvideaee. and APP. .sroximate
H. seven hundred pHgcs Of supporting
cvidcnr, has beSn submitted by the con-
t.stcc.