Galveston Tribune. (Galveston, Tex.), Vol. 32, No. 148, Ed. 1 Thursday, May 16, 1912 Page: 66 of 85
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GALVESTON TRIBUNE.
THE OLD WAY.
VOL. XXXII. * GrALVESTOX, TEXAS: MAY 16, 1912. NO. 146.
THE NEW WAY.
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SEWAY
IT ION
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Finance
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Trade
ALVESTON is indebted to many varying- causes for
the present proud position occupied in the world of
traffic and commerce, but to none more than the mag-
nificent proportions of the trade enjoyed for the more
than half a century of her history, a trade earned by the in-
tegrity of her merchants and held by the enterprise manifested
in anticipating the needs of their clientele and in keeping in-
formed as to the latest edict of trade centers and manufac-
turing emporiums.
The retail district of Galveston is one of the busiest places
in the state, and here within the space of a few blocks one can
have every want supplied, be the article desired from far away
Japan, from across the Mexican border, or from the factory
just around the corner. Those who have traded in other
southern cities have nothing but praise for the convenience of
the Galveston stores and the uniform courtesy of the salespeople.
Nor is it to be marveled that Galveston is in position to
satisfy the wants of a cosmopolitan citizenship. To the city
wharves come the ships of every nation, bringing great cargoes
of the products of the people across the ocean; from the great
seaports of our own country at brief intervals come other ves-
sels laden with the output of the large factory cities of New
England; by numerous railroads are conveyed whatever is pro-
duced by the states of the Mississippi valley, while from the
valleys of Southern California, the broad orchards of the Texas
peach belt, come carloads of luscious fruits which moderate
prices bring within the reach of the humblest.
But while the retail district, with its brilliant lights, its
handsome displays, its teeming shelves and counters, attract
the first attention of the visitor, it will not be long until it is
discovered that the retail district is only a portion of Galves-
ton’s trade section. Just a short distance removed from the
center of retail trade is located a beautiful edifice of pressed
brick and limestone, occupying a prominent corner of two promi-
nent streets. Here in the Galveston Cotton Exchange is handled
each day a quantity, of the fleecy staple the value of which
would make a satisfying fortune for those of modest
ambition.
Besides the Cotton Exchange, numerous wholesale houses
in all lines handles trade that contributes to the mighty volume
of commerce upon which Galveston places her claim as being
a commercial city.
ALVESTON’S business men have demonstrated that
they realize that those engaged in finance are success-
ful in proportion to their courage, determination, wis-
dom and discretion. And that the community is most
prosperous whose financiers are the most skilled in that art,
for in the competition of civilization men seek or are driven to
those communities where they can have the advantage’s of the
services of experts in finance. Galveston owes much of her
greatness to the fact that her financiers and financial institu-
tions have shown supreme sagacity in handling money matters.
For more than half a century Galveston has been the finan-
cial center of this section of the Southwest. Its financiers and
-,banking/tnstitutions have always been looked upon as being of.
the most capable and reliable character. Whenever "panics”
and other financial difficulties of a serious nature have shaken
the commercial fabric of the entire country, Galveston’s large
interests have weathered the storms without injury worthy of
comment.
In most lines of commerce and Hade requiring heavy finan-
cial backing this city has stood out prominently fdr many years.\
As a] commanding factor in heavy transaction the firm and re-
liable character of Galveston’s people and their institutions have
a standing throughout this country and across the seas that is
seldom enjoyed in so great a measure by one community.
No local crisis or calamity has ever proven so great as to
seriously impair the financial integrity and standing of Galves-
ton’s great institutions, and no general or far reaching financial
troubles have occurred during the life of this city since it at-
tained commercial supremacy that it has not been capable of
extending aid to others less fortunte, who always turn this way
in time of adversity. It has always proven a bulwark and
source of financial refuge to the storm tossed of Texas and many
sections beyond the confines of this greatest of states.
That business genius and financial strength necessary to
make Galveston the leading cotton exporting city of the world
was not wanting as soon as the opportunity presented, and at
no time has the great magnitude of transactions in this line
lacked for means and ability to keep up with every demand.
What is true of the cotton business also applies with equal
force to wholesaling in many different lines, which, added to
Galveston’s great prominence in cotton and shipping, has made
this one of the greatest ports of the nation.
,4 s R
Ijjtop&uscles
Denote the Quantity
of Life in the
Blood, so Will the Volume
of Trade indicate
the Virility of
a
Community
yen/ Capital ^
Should Ever '
* Stand in an Attitude
of Readiness
to Finance Legitimate
Enterprise; This Is
Both its Duty
v and
\Y its Privilege .
(JiSTOM H0U5&
Post Office
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Galveston Tribune. (Galveston, Tex.), Vol. 32, No. 148, Ed. 1 Thursday, May 16, 1912, newspaper, May 16, 1912; (https://texashistory.unt.edu/ark:/67531/metapth871897/m1/66/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting San Jacinto Museum of History.