Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-25

III real coJdLe d. ODpOSCQ W
stocks, bonds and otner invest
mentS.
The sentiment Is said 70 be
widespread and the Valley devel-
opers are planning TO reap a rich
harvest as the homeSeeKer move
ment gets under way N this sec
ton. One or two developers did
not cease operations for the sum-
mer and the others are either be-
ginning TO bring in parties or are
preparing for the winter eason
Says l.. N. Olmstead, vice pres
ident of the Southwestern Land
Co., Mission:
Interest Growing
The real development Of the
Valley seems TO have commenced
following the depression OF 1907
1908. Development IA steady from
that time until 1920. Following the
depression OF l920-2l, 1t gained
impetus. Then the population or
that date was more than doubled
between 1920 and 1880.
From ali observations, interest
In the Valley is growing by leaps
and bounds. Without ad oubt, every
acre of available land suitable TO
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.
The attitude Of the farmer for
10 years has been that the city
Ran has all the good things in
9fe. That idea has changed ano
now the man 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 10 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 yer
before.
Parties Begin
The Charles f. c. Laid organ
ization which will open its devel-
opment program in a big way
Monday by bringing in a party
composed Of from $50 10 200 per-
sons, likewise is optimistic over
prospects for sales.
This organization believes that
the general tendency will be 10
invest in real estate in the Vai-
ley rather than to buy bonds Or
leave the money In the bank.
Some sales have already been
made in Adams Gardens by Laid
and 1t has been noticed that
there is an inclination among the
purchasers not only TO make SUBJ
stantial Own payments, but 10 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
citrus developments in Hidalgo
coming winter with a great deal OF
optimism, according TO r. B. Creag-
er OF Brownsville.
Conditions Better
I'VE expect to do a satisfactory
amount of business this winter"
Mr.. Creager stated. our sales
organization is in the field work
ing and reports conditions are not
nearly as bad as have been painted.
People in the north seem to be
looking to the Valley and we ex-
pect that when first excursion
comes in the first Of November
that we will not be disappointed in
u sales.
Our company has absolute con-
fidence in the future OF the Val
ley. We feel that the hard times
WHICH have affected other sections
white Of course affecting the VAL
ley TO some extent. will really react
to the benefit Of the Valley"
Prospects for business are con-
siderably better than they were a
year ago. A. ID. Dickinson of the
James-Dickinson company. develop
ers of the Barreda Tract. states.
I'VE have III agents in all parts
Of the country. from Texas to New
England, and the letters we receive
them are invariably optimistic
regarding prospects, he continued.
Two excursions have already been
brought to the Valley by the James
Dickinson concern, and satisfactory
resulted.
People in all sections are inter
in the Valley. is the conclusion
irawn by the officials Of this pioneer
and selling company. and the
population OF Cameron and Hidaleo
counties should materially increase
the winter months as a re-
,ult.
Sales in their Bayview Citrus adj
iition for the coming sI son prom
Sc TO be better than in years past,
Of the Port Isabel company
-eport. While a fewer number of
are being brought down on
excursions. a greater percentage OF
Sales is being made.
Sales approximating over $4,000
made to members OF an ex-
which visited the tract the
irst Of the week. they state.
Development companies seem
lnited in the belief that the VAL
ey will benefit from the present
,eriod Of unrest and that the tide
4 investment is turning this way.
The state Of Michigan claims the
larrcrt hard ~ HnlrAnar-