Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1927-04-03
RATE ADJUSTMENT WILL AID VALLEY
I'm O u r
VALLEY

CASH MONEY il usually the con-
sidsraticn involved
Y Speaking OF the larger real es-
tate deals that have been made in
Brownsville during the past several
months.
rms other day Theodore Saraphi.
I who has recently returned to the
Valley after IN absence Of ten
years, paid Thomas r.. Cooks Sr, OF
Dallas. the sum Of 100000 cash.
for the 200 by 100 foot Ford motor
building on the block west Of the
postoffiee.
The item appeared on the second
page Of Fridays Herald. II should
have appeared on page | Is a real
estate deal Of more than passing in
terest.
Thomas Cook erected the build
ing about two years ago. He was
said to have paid about $4,000 for
the 200 feet. Maybe il was more. lie
erected large building and pre-
sumably disposed Of IL at a profit
SARAPHI OPERATED a restau-
rant in Brownsville ten years ago
he turned il over 10 his brother in
1917. and joined the United States
navy. in which he served through
out the war.
After the war he was in business
other points. Lately he has re-
turned to the Valley to make his
permanent residence. He now lives
in San Benito. and has business in
terests there and in Brownsville.
Evidently Saraphi has. for Il
second time, become "sold" on the
possibilities of Brownsville. and the
Valley.
SPEAKING Of this matter Of cash
morey for property. that was the
basis on which /. Brenner of sau
Antonio, sold to the Seyboits of
Onecpta, n. Y, the l50-feet at the
south corner of Elizabeth and
4 Twelfth streets. the price being
nS15O.O00.
Fke Yorng estate paid something
ke $4,000 cash for property near
: corner Of Eleventh ana Washing
ton streets. buying from the Arm
strong estate.
The same sort Of consideration
figured in the purchase Of the 80
feet AZ the west corner Of Tenth
rnd Elizabeth. bought hy Mr..
Broadfoet, Of New York state.
By the way. IL y1u want some
: thing 10 ponder over in connection
!. with Brownsville business property,
I ask the Seybolts what they want for
. their 80 feet They'll tell YOU
S25O.0O0. Read il and wccp. The
same property sold for $A5.000 back
in 1919. That was just after prohi-
hilton came in. and when there were
eight vacant places in one block.
They were vacated by saloons. most
iy.
! COMMODORE LOUIS Cobolini.
whe recently resumed his work in
connection with the development Of
BRACES Island harbor. has been dig
girg into his files of late.
II, has been finding all sorts cf in
sercsting things. among which is a
clipping from The Herald of April
: 10. 1916. relating Lieutenant-Co
G. $. Riches adverse report on the
intracoastal cana! project up the
Arroyo Colorado.
This report may be Of interest to
those who are interested in the new
life given this movement. and il
follows in part:
"Until the harbor at Brazos Santi-
ago Is improved as contemplated by
nay report on harbor at Brazos Is
land. Texas, or until the intercoast-
nj waterway Il extended down
through the Laguna Madre from it's
present terminus in Corpus Christi
bay. there will be little use in the
Improvement of a channel from
Point Isabel "a the Arroyo Colorado
because II would form practically
waterway. Should Brazos
Santiago harbor be improved, how
ever. or should the intereoastal WA
tcrway be extended from Corpus
Christi bay through the Laguna Madre
the construction OF side channel to
tAe Arroyo Colorado would become
advisable. as il would form with
the arroyo valuable feeder penc
trating 10 the heart of the Lower
Rio Grande Valley.
at will probably be sometime.
however. before either Of these pro-
jests is carried to compiesion. and
as an independent project therefore
| am constrained to report that the
construction Of this channel y not
rhvisaaie at the present time"
THAT REPORT OF Colonel Riche.
nov dead. was made some eleven
- years ago.
Considerable has happened In the
nilcy since that time. Rrazos har-
ar il under construction. through
Y. along the lines recommended BY
\snel Richie who mnny years age
Eraxes Island harbor s0-foct
,menaation.
was always strong believer
neeesssity Of port there.
Ay GIVES promise % bsinS
fy.
,ad idea for those who are
In the harbor az Braros
Afes a Visit 10 the scene OF
AZ Impressed by tho
HAy in which tbs Ted
ed on page two.l