Jasper County Democrat, Volume 13, Number 98, Rensselaer, Jasper County, 25 March 1911 — PROSPERITY HITS TEXAS [ARTICLE]

PROSPERITY HITS TEXAS

Prices Are Good and Banks Do Not Know What to Do With Money. New York, March 24. —Ex-Judge E. B. Perkins of Dallas, who is counsel for the Pierce-Fordyce Oil com pany in Texas, and local counsel for the St. Louis and Southwestern Oil company, arrived at the Wolcott with glowing reports of what is going on in Texas. “Financially, Texas is in better shape than it ever was,” said Judge Perkins. “One reason for this is the fact that there was a fair cotton crop last year, and the prices for cotton and seed were good. Even the little country banks are loaded down with money .and don’t know what to do with it. The price of land has gone up 33 1-3 per cent in the last year. The farmers are building better houses and barns, buying improved machinery, adopting improved methods of agriculture, and last, but by no means least, they are buying automobiles.”