Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1930-07-31
IN OUR
VALLEY
BY c. NJ. HALL

" NkLG n
D. BY c. M. HALL -
Just about the time a lot O. peo-
pie In Brownsville were getting
up a lot O. pep yesterday after
noon over reports that a big oil well
had been uncovered is miles south
OF Roma, reports from McAllen
came in that the driller came to
town and denied any big production
oil.
But 1t is said that heavy gas pres
sure was encountered and that a
small flow Of oil was coming
through. When cleaned it is hoped
TO make of it a producer.
With this accomplished q further
outlining Of where oil may be found
on the American side up in the far
end Of Starr can be figured upon
and guessed at.
That a pool exists IN that upper
region Of the Valley is the opinion
Of many, but just where-Quien
Sabe7
Oil in commercial quantities will
bring wealth flowing into the Valley,
although 1t will be harder for in
dependent companies To make as
great q profit as usual because Of
programs Of the oil world.
But the world can still use the
fluid and Walter Teagle. John DIS
right hand man says not only is oil
where you find 1t. but so often the
man who does the biggest fool
things looking for 1t is the most
successful.
THERE are two special hardships
which follow In the wake and
trail with the oil game. These
are the overbuilding of cities near
a field. which when the flush boom
Is over begin to show empty build
ings.
The other cones to the man who
promiscuously buys oil stock. simply
because lots of people seem TO be
making money and that individual
feels like he ought to have a little
something. rhe investor in oil
stocks, who buys is lucky II he gets
three for one when success is met.
This Is after overcoming a heavy
percentage that oil will be found.
and that when found those at the
head Of the company will have busi-
ness acumen enough and are honest
enough to make it pay that. This
profit usually comes from a sell out
to a major company. 1t is a tough
business proposition for an indie
pendent to produce oil these days
and make a profit. 1t Is too big a
business -or a wildcatter TO handle.
His one out seems TO be TO find the
oil, then quickly sell out.
MINATED Annie says the slogan
~ OF the wildcatter is that oil
stocks are made 70 sell.
VxrHILE Los Fresnos has filed a
WV petition to dissolve the Browns
W vile Navigation district, this
action is in no way %retarding pro-
gress Of that body toward the day
when actual construction OF the
deep-water port will open.
There IS still much to be done
toward obtaining a channel right
of-way z. "A. Eosenthal said today.
and action is somewhat slowed UP
by the absence of Milo. p. Fox, en-
gineer, who Is on vacation. But
otherwise preparatory work Is pro-
cCeding.
When actual work will start is
orly a matter Of conjecture. but
members Of the commission are do
ing all in their power to make 1t as
early as possible.
ANY one who will 60 down TO the
az beaches these days and fish and
swim can readily see why the
Lower end of the Valley should be
a great outing place in the not far
distan future.
COMMENTING on Brownsville's
acquisition Of a city planner
the Dallas News seems to think
IL q wise step and has the following
TO say:
brownsville has employed an ex-
pert 70 aid in the planning of that
city. 1t is proposed to convert the
banks Of the former channel Of the
Rio Grande into a parkway OF unus-
nal attractiveness. Zoning and plan
ming will 90 hand In hand and will
be adjuncts to the program of deep
water access to the wharves OF the
city.
Brownsville is wise in her fore
thought. There Is no reason why
III should not blossom out as a resort
<&ty Of the first importance. Its po-
sfsion is favorable, and with the de-
Eelopment Of aviation II need ask
odds OF no other city. The mild
ness OF its winter climate and the
kindness OF its people combine 70
make II a good place for Texas 10
bear IN mind.
brownsville Is now at the right
size to get the maximum benefits
from planning. IL is large enough
for its future to be forecast with
some intelligence, and II is small
enough to permit planning without
excessive and burdensome costs. II
Is ready TO start its march toward
the big-town class, and begins by
ordering its line Of march in full
consideration Of every advantage
that is legitimately its own"
FOUND on THE WIRES
WASHINGTON - An invitation
wv made OF roses Is due at the
W White House tomorrow by air.
Mrs. Blanche Wilcox Moves will fly
from Chicago with 1t. Composed Of
blooms named for the president at
a flower show. Il will invite Mr.. and
Mrs. Hoover TO the national air
races.
~ Nrxrrr NJ V A.