Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-07-17

in OUR
VALLEY

1SP~AAdCAb 6CAA1Oi DlStIlCL.
The board sold the $500 bond
issue recently voted.
They sold the issue for a price
which, when commission and neces-
sary expenses are deducted, s
under par.
or ourse the bonds sold for par.
They have to sell for par in Texas.
But we all know that bonds Will
not always bring par.
These bonds would not.
They brought a good price, under
existing conditions.
The board did not attempt to hide
behind the legal fiction that the
bonds sold for par.
They came right out and said they
brought 97.75.
Il We have written OF many bond
issues in many sections OF the state.
This is the first time in our ex-
perience that We have been told to
state In the columns OF the press
the exact price. net, that the bonds
brought.
We understand as We have never
understood before Just why when a
Brownsville school board tells its
constituents that q bond issue Is
needed. that bond issue is voted.
We understand why members OF
the Brownsville school board are re-
turned to office year after year.
Such frankness on the part OF
any body Of public officials Is re-
freshing.
BROWNSVILLE CITY coming
hearings will be continued on Tues
day and wednesday nights Of next
week.
Interesting things about the city
are being brought out in the course
of these open meetings.
One thing certain. property owners
OF the city Of Brownsville believe
in the future Of their city.
Men and women who own property
on the present outskirts Of the city
have been In the majority Of those
appearing during these hearings.
They believe the city is going 70
grow.
They want allowances made for
that growth.
They want to be allowed to erect
apartments IN sections restricted TO
residences in the tentative plan.
In some cases they want certain
streets proposed to be restricted 70
residences and apartments opened
10 for commercial purposes Of var
ious kinds.
They believe in the future Of Their
city.
DID YOU KNOW that from the
time you take your phone receiver
off the hook until your call Is COM
pleted 4O4 distinct operations take
place?
Neither did We.
And we can't prove II.
But Ed Mockbee told lis SO as ne
granted US a preview Of the new
building OF the Rio Grande Valley
Tiephone Co.
Personally, we take his word for X.
n YOU doubt II. We are satisfied
he viii be glad to show you each
and every operation.
G. +. ARCHER OF Mercedes IN
Brownsville Thursday.
Takes q philosophic view o. af-
fairs in general.
SAYS his business. selling automo-
biles. Is slow.
But also says N Is getting better
and Is going to continue 70 improve
says we are all getting down to
earth and have quit spending be-
yond our means.
Makes an honest confession that
those who had something 70 sell are
lust as much to blame As those who
bought for the orgy OF spending In
which the nation engaged during the
flush days.
Reports that Hidalgo County In
general and Mercedes In particular
are anticipating a good summer and
fall business.
Cotton money will help some and
fall vegetables will help.
valley bu-.ness men are optimistic
n o can get them in a corner by
themselves.
Pessimism is contagious.
Let one man in a crowd start talk
inc hard times. and the rest take
II up.
TO reverse an adage familiar 70 o
few Of our readers, we should put
o,,r mouths where our money Is, and