The Southwestern Historical Quarterly, Volume 28, July 1924 - April, 1925 Page: 213
This periodical is part of the collection entitled: Southwestern Historical Quarterly and was provided to The Portal to Texas History by the Texas State Historical Association.
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Statistical Report on Texas
This commerce is increasing daily as the result of the great
cotton crops and the increasing consumption of goods due to the
continued emigration from the United States to Texas.
Circulation of Specie
Money is very scarce in Texas, and one may say with certainty
that out of every hundred transactions made not ten involve specie.
In its commerce, Texas presents nothing more than a true and
continued fair throughout the year. The way to trade there is to
take to market the equivalent of what is needed, or to secure it on
credit. The money in circulation consists of the provisional revo-
lutionary pesos and paper bills from the United States. Many are
the frauds committed in both of these, and I myself have been
deceived in exchanging pesos. Counterfeiters of both pesos and
United States paper money appear daily, and it is difficult to know
what to do with them after they are arrested. Sometimes the
Alcalde of Nacogdoches calls the settlers together and with a dilap-
idated drum they lead the counterfeiter to the outskirts of the
town and there he is told to leave, after shaming him publicly
(as if such a person could be shamed) and he is warned that he
will be given a severe beating if he is again seen in the neighbor-
hood.
Enterprises
There are two or three cotton gins and as many cotton presses.
There is also a tanning plant, and there used to be a regular shoe
factory, but it was not operated very long because it could not
compete with the shoes made in the United States, which, like all
goods, are brought in free of duty. They are planning to estab-
lish an iron foundry for iron pots, and to erect a distillery for the
making of whiskey. They already have a still but it will not be
used until the plant is established. There are several wood-mills
[saw-mills] also, and two steamboats are expected, one for the
Neches and another for the Trinity. The Sabine is not navigable
yet, except for very small boats.
Ports
The principal ones are that of Galveston previously mentioned
and that of Sabine Bay."
"The bays of Galveston and Sabine could easily be connected by a213
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Texas State Historical Association. The Southwestern Historical Quarterly, Volume 28, July 1924 - April, 1925, periodical, 1925; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth101087/m1/217/: accessed March 29, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Texas State Historical Association.