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Newspaper
Cameron Herald
Location
Cameron, Texas, United States of America
Date
Mar 12, 1931
Page
3
The article argues the nation and Texas have entered a new prosperity era with optimism across chambers of commerce and civic groups. It notes prior overexpansion and inflation, followed by deflation and drought, delaying recovery but now the economy is resurging to a new peak with varied city-wide recoveries listed.
The immediate operation of the bonus loan bill will put more than 35 million dollars into circulation in Texas at an early date. It will be distributed among 142 855 World War certificate holders at a low rate of 4 12 percent interest. The funds will enter development and trade channels and raise per capita circulation about six dollars. The loan aims to aid the nation and veterans alike.
Texas gains sizable federal construction funding for 1932 with post office and other buildings listed across cities including Abilene Amarillo Aransas Pass Austin Dallas Edinburg El Paso Galveston Laredo and more. Funding ranges from tens of thousands to over a million dollars for various projects.
About 10 million dollars are invested in the Lower Rio Grande Valley to develop citrus. The program includes clearing thousands of acres, irrigation systems, roads, planting young trees, and building facilities. Two tracts totaling 21 000 acres between San Benito and Brownsville form part of a canal and irrigation plan costing about 2 million dollars. Great things are underway in Texas.
The Hamilton Dam lake in Burnet and Llano counties will be the largest inland water body in the Southwest with six million dollars slated for lake and power development. A second lake along Pecan Bayou and Jim Ned Creek near Brownwood will cost about 1.59 million dollars to supply Brownwood and irrigate 12 000 acres, boasting a 100 mile scenic shoreline. A proposed modern road would connect these lakes via San Saba to Austin Houston and San Antonio, with only Brownwood to Hamilton Lake needing new construction. Big developments are under way in Texas.
World supply estimates range widely from 66 million to 121 million metric tons. Texas holds about 40 million long tons in reserves. Current Texas output is around 2.409 million tons yearly, about 80 to 90 percent of global production, with Italy next closest in reserves and Chile far behind. Sulphur production stands as a major Texas industry.
The plan notes a $1,000,000 Theodore Roosevelt memorial in New York using Texas granite while the Texas Bar Association favors Georgia materials for a monument on the Texas Capitol grounds for Texas judges. The statement urges appreciation of Texas products versus others.
Goats are being shorn as winter ends in Texas where the state yields about 80 percent of the nation’s mohair. The industry sustains thousands of workers during the shearing season as thousands of shearers prepare to work.
Local merchants in Sabina rally to boost home industry efforts. Entrepreneurs advocate local production, urging residents to buy domestic goods and support regional crafts for economic growth.
Residents argue Sabinal merchants should receive the same favorable terms as Sabinal bread. A Sabinal baker vows quality and fair prices, urging equal treatment for all town products including printers. The call seeks an "even break" for locals.
The Attorney General asks the legislature to raise staff from 11 to 16 and to allow the department to serve as counsel for the University of Texas as UT seeks permission to hire a special attorney. He plans an inquiry into why gas and refined oils sell at higher prices than when crude oil was about twice as high, promising corrective action.
A Buda farmer with 7 acres of terraced land kept books and raised cotton at 3.6 cents a pound ginned. Expenses included $7 per acre rent, labor, and equipment costs. He plowed deeply in November and shallowly multiple times as the crop aged, noting that thoroughness affects cost.
S M Burns receiver will publically auction on April 7 1931 at Cameron Texas the 80 6-10 acre tract from the J J Stigall Milam County homestead. Sale proceeds go to partition among listed Stigall family owners and others per court decree. Court approval required for deed and sale.
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