Memorial and Biographical History of Dallas County, Texas. Page: 276 of 1,110
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HISTORY OF DALLAS COUNTY.
center. Eight national and four private
banks are located here, with a capital and
surplus of $3,600,000 and with an average
deposit line of $5,500,000. Besides these,
five home and over twenty European and
American investment companies make it the
headquarters for their branches, which loan
on farm, ranch and city properties over $10,000,000,
annually. There are also eight local
building societies and four strong national
associations, with an authorized capital of
$500,000,000. The clearing house shows
clearings for six months in 1890, $62,602,917;
1889, $57,828,000,-against $43,967,000 for
1888, and $13,161,000 for 1887. The banks
of Dallas are as solid as the soils that support
"The wholesale and jobbing trade of Dallas
has assumed proportions in its steady and
healthy growth far exceeding the most san
guine hopes of even those citizens who fully
recognized the supremacy of Dallas, long
since established as a railway and financial
center, and every day discloses that she will
soon be the peer of New Orleans and St.
c"These facts, combined with the financial,
the railway and other facilities for the transaction
of all manner of business, have for
several years past stamped Dallas as the great
centropolis, the very gateway of its surrounding
empire of wealth and power. No longer
seeking, she is sought. Wheat, corn, cotton
and cattle and the other products of the prairies
and pineries thus naturally drift to Dallas
for storage, sale or distribution, as its location
makes it the intermediate depot for them all.
The trade of the city in 1889 amounted to
"Most advantageously located as to the
raw material supply, cheap fuel, climatic
conditions and cheap homes for employes,
while fully equipped with all the facilities of
capital, transportation, etc., for distributing
purposes, Dallas has now earnestly and enthusiastically
entered upon the manufacturing
era, and diversified industries, large and
small, are springing into existence under the
incentives and inducements offered to capital
and labor by the enterprise and liberality of
these citizens. The city now counts 125
factories, with $4,000,000 invested, employing
3,000 hands, with a yearly product of
$8,200,000. The Dallas Cotton and Woolen
Mills have a capacity of some 14,000 yards
daily production, its capital stock $250,000;
a 1,000,000-bushel elevator costing $175,000;
flouring mills, four in number, with a capital
of nearly $350,000, will turn out some 2,000
barrels daily. Besides these, there are a
clothing manufactory, capitalized at $500,000,
several implement, machine and hardware
companies, with $500,000 capital stock,
also a number of lumber and planing mills,
brick, ice, soap, drugs, tinware, canning, jellies,
preserves, pickles, vehicle, patent medicine,
etc., office fixtures, sash and door and
other factories. A packery has been recently
organized with a capital stock of $250,000.
Located in the heart of the corn-growing region,
the future of the beef and pork packery
business is practically limitless, and yet there
are scores of other industries, such as fur-
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Lewis Publishing Company. Memorial and Biographical History of Dallas County, Texas., book, 1892; Chicago, Illinois. (https://texashistory.unt.edu/ark:/67531/metapth20932/m1/276/: accessed April 20, 2021), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting Dallas Public Library.