Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-25
SOUNDNESS OF
REAL ESTATE
| Is REALIZED
(By Staff Correspondent

(By Staff Corresponding
From Mission 20 Brownsville,
Valley developers are basing pre-
dictions for a successful homeseek-
er season on the back-to-the-soi
movement which Is taking place
over the nation.
A number of these developers
have told The Herald that people
all over the country have come 10
realize the soundneS3 Of investing
In real estate as opposed u
stocks. bonds and otner invest
mentS.
The sentiment Is said to be
widespread and the Valley devel-
operS are planning TO reap a rich
harvest as the homeseeKer move
ment gets under way III this sec
ton. One or two developers did
not a operations for the sum-
mer and the others are either be-
ginning to bring IN parties or are
preparing for the winter oeason.
Says l.. N. Olmstead. vice pres
sdent Of the Southwestern Land
Co., Mission:
Interest Growing
The real development Of the
Valley seems 10 have commenced
following the depression OF 1907
1908. Development IA steady from
that time until 1920. Following the
depression OF l920-2l, IL gained
impetus. Then the population or
that date was more than doubled
between 1920 and 1890.
From all observations, interest
in the Valley is growing by leaps
and bounds. Without ad oubt, every
acre of available land suitable 20
growing OF citrus fruit will be
taken up within the next few
years. Our population will again
double itself. Proposed develop
ments and Improvements in every
form will be realized.
N"The attitude of the farmer for
1Q years has been that the city
ukan has all the good things In
life. That idea has changed ana
now the nan who owns and lives
on a piece Of land realizes he Is
master Of all he surveys and
feels sorry for the man in the
city. The exodus in the next few
years will be reversed SO that IL
will be from the city TO the land"
Nick Doffing Of Mission, who has
been bringing land parties into the
Valley through the summer. said
that he did not think as many
homeseekers would be brought into
the Valley as last year but that
Just as much land would be sold.
He based his prediction on his
experience that people are anxious
to invest in land and that there
will be a greater percentage OF
prospects in each party than ever
before.
Parties Begin
The Charles F. c. Laid organ
ization which will open its devel-
bpment program in a big way
Monday by bringing in a party
composed Of from $50 70 200 per-
bons, likewise is optimistic owe
1OT od4tS.
This organization believes that
the general tendency will be TO
tnvesE in real estate in the Val
pey rather than to buy bonds or
leave the money in the bank.
Some sales have already been
made in Adams Gardens by Ladd
and 1t has been noticed that
kha~o a. - s,.ffaafs1~ -.1n tha
purchasers not only to make sub
stantial Own payments, but to an
ticipate vendors lien notes. In
stead Of banking their money or
buying stock, the purchasers are
taking up notes against their
property with their ready cash.
The progreso Development COM
pany. operating one Of the premier
Developments in Hidalgo
county south OF Weslaco. views the
coming winter with a great deal OF
optimism. according to r B. Creag-
er Of Brownsville.
Conditions Better
I'VE expect 10 do a satisfactory
amount of business this winter
Creager stated. Our sales
organization is in the field work
Ing and reports conditions are not
as bad as have been painted.
in the north seem to be
to the Valley and we ex-
pect that when our first excursion
in the first OF November
that we will not be disappointed in
our sales.
Our company has absolute con-
fiSence in the future Of the VAL
IeyA We feel that the hard times
hi 3h have affected other sections
while Of course affecting the Val
to some extent. will really react
20 the benefit OF the Valley
Prospects for business are con-
siderably better than they were a
gear ago." A. u. Dickinson of the
James Dickinson company, develop
RS Of the Barreda Tract, states.
we have our agents in all parts
" the country. from Texas to New
England, and the letters we receive
rom them are invariably optimistic
egarding prospects," he continued.
Two excursions have already been
TO the Valley by the James
Dickinson concern, and satisfactory
resulted.
People in all sections are inter-
isted in the Valley, is the conclusion
by the officials Of this pioneer
and selling company, and the
population Of Cameron and Hidalgo
,ounties should materially increase
the winter months as a re-
ult.
Sales in their Bayview Citrus adj
Iition for the coming SC son prom
Sc to be better than in years past,
'fficials Of the Port Isabel company
eport. While a fewer number of
'eople are being brought down on
xcursions. a greater percentage of