Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1925-07-01
IN OUR
| VALLEY.

EOhGANlZallUNo OF the FIRST Ma
~ tional Bank of Brownsville with a
capital stock Of 5000, ,000-double it's
present capital stock-and a surplus of
$4,000. as announced today by R. B.
Creager, president, is an event of more
than passing interest in the life and
progress of the Lower Rio Grande Val
ley.
The First National Bank is not only
the oldest financial institution in
Brownsville, but it is also probably the
oldest national bank in Southwest Tex
as, having been founded about "a years
ago.
1t is beginning life anew With it's
vigor freshened, it wilf-continue to be
a power in financial circles in the Lower
Rio Grande Valley.
No definite announcement as to Off
GERS and directors has yet been made,
but it is understood that Mr.. Creager
and Grover Wagner, recently elected
ective-vice-president, will continue in
their present capacities. the present
board of directors will continue to
serve, and there will likely be additions
to the board
And another fine thing is the furthe,
announcement by Mr.. Creager that the
reorganization will find the bank an en-
tirely Valley owned institution, number
ing among it's stockholders some of the
officials of other banks in Brownsville,
as well as capitalists in other parts of
she Valley.
County Attorney Harry L. Faulk of
Cameron county is filing hundreds of
suits against owners of property in the
county who are delinquent in their
taxes
Realizing that the majority of those
persons who are delinquent in their
taxes. are so because they probably
haven't the money necessary to pay out.
county officials are cooperating to hold
down court costs to the lowest possible
minimum.
The Brownsville Herald is cooperating
in the matter bv having declined to
publish the citations which are part
OF the detail in bringing suit. Thus.
thousands of dollars are being saved
to the DELINQUENT taxpayers of the coun-
tv The publication cost in each case
would run around Sc.
Two things in this life are said to be
certain One of them is Death, the 9th
er is taxes.
Government must go along. Each
owner of property must sare in the ex-
pense of maintaining the government
whose duty it is RI protect the ind.
vidual's property rights and other inter-
ests.
1t requires a certain amount to con-
duct the government John Roe owes
SO in taxes and Sam Doe owes SO. John
pays his SO but Sam goes On the delin-
runs along on Johns SO but it also
badly needs Sans 49,
Sans SO remains unpaid. But the
government has been forced to get So
from somewhere to protect Sans pro-
perty, along with Johns, although he.
Sam. has failed to meet his share OF
the cost of this protection. Therefore
the state, or county, goes to John, VINO
II knows will pay and advises him that
lie will have to pay the SO 10 protect
Sans property since Sam has failed to
do so himself.
Thus taxes go up.
County Attorney ii. = Faulf te'icvcs
that if a little pressure is brought to
hear all the Sans will pay their taxes
and it will not be necessary to go to
the Johns for any more money with
which to conduct the government.
Not only will the county not have TO
go to the Johns for more assistance, but
IL IL collects all the DELINQUENT taxes
II NAV even be able to tell John an en-
tirelv different story, one something
like this:
"Now, John, Sam has paid his taxes
We have got more money than we ac-
tnally need to run the county govern
ment. so we are going to reduce your
4axes n little. OF course, Sam VIII
benefit. too, for his taxes will also be
red led.
The person who is delinquent in ms
taxes. in other words, is one of the fact
ors in the ever-mounting cost of gov
ernment.
doubtless the county commissioners
~ Cameron county would find no dif-
ficulty in reducing taxes simultaneous
lv with the reduction of the delinquent
list And, by the came reasoning, should
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