The Encyclopedia of Texas Page: 50 of 970
The following text was automatically extracted from the image on this page using optical character recognition software:
INDUSTRIES AND OPPORTUNITIES OF DALLAS
By I)ALLAS CHAMBER OF COMMIER(CE
H ERE one beholds a city whose march is irresistible,
whose spirit is real, destiny sure,
and whose every department pulsates with
Progress, Prosperity and Promise. Its growth from
a single building which still stands, to a cosmopolitan
metropolis, the skyscraper center of the South
and the West, with sixty-two buildings six to thirtyone
stories high either completed or under construction,
and all in the life of thel one man who built
the first Dallas house, is ample justification for the
name Dallas has won over the Nation as the "City
where men are looking forward." The "forward
look" is the look of "youth," and that means comradeship,
confidence, faith and team work. This is
the spirit that has brought Dallas from a city of
42,638 people (U. S. Census in 1900 to 158,976 exclusive
of suburbs which bring the total to 174,025or
from the 86th city in size in the Nation to the
42nd, and that without any boom influence or
artificial stimulus. Within a circle the radius of
which extends one hundred miles from the city, approximately
one-third of the people of Texas live;
there are 17,000 rated business concerns, and 686
National and State banks with a combined capital
of over $38,000,000.00; within the same territory
there are 156,373 farms or 16.6% of the total number
of farms in all Texas, Oklahoma, Arkansas and
Louisiana combined, with 10,000,000 acres of land
in cultivation yielding 17.75% of America's cotton
crop and over 1,200 prosperous towns and villages
from which Dallas commands a large whole-sale and
jobbing trade as well as an extensive retail business.
Financial and Banking Facts
Dallas is the home of the Federal Reserve Bari:
of the Eleventh District and has five National banks
and 7 State Banks, besides individual institutions and
Trust companies. In 1920, the bank deposits
amounted to $140,000,000 and the bank clearings
were $1,868,685,312. The wholesale business for
the same year totaled $600,000,000. The wholesale
business in all automotive lines is approximately
$200,000,000, while the Federal Census of Manufacturers
for the Dallas Industrial District indicate
the output of "made in Dallas" articles as over
$100,000,000 a year. In Express business Dallas
ranks first per capita of all the cities of the United
States and is seventh city in the volume of express
business. Dallas' building permits for 1920, totaled
$13,363,157, giving the city 19th rank among the
Nation's builders. While Dallas is 42nd city in
size, the rank becomes 24th, in Postal Receipts
which amounted to $2,363,380 for 1920 and only
six cities in the union pay more money orders. Fire
Life and Casualty Insurance covering several states
is an important factor in financial activity of Dallas.
More than 100 fire insurance companies and 40 life
insurance companies are represented by General
Agents in Dallas. Four of these Life Insurance
Companies have their palatial office building homes
and their income approximates $6,000,000 per annum.
Dallas is the farm center of the southwest. According
to the census, 91.8%/( of the total farm
mortgage loans of the state are held by Dallas companies.
Because of its location and transportation faciiities,
Dallas is the logical jobbing and wholesale center
for a territory, larger than the New England and
(Photographed by Howard K. Nel, Airplane Photographer, Telephone C-0695)
Business Center of Dallas, as Seen from an Airship
The Federal Reserve Bank and Cotton Exchange are seen in the foreground. In the Center is the Mafnolia Buildin.i
Here’s what’s next.
This book can be searched. Note: Results may vary based on the legibility of text within the document.
Other items on this site that are directly related to the current book.
The Encyclopedia of Texas (Book)
This book provides a biographical view of Texas and its history. The book uses many narratives of the individuals who helped shape Texas history. The book also includes profiles of: the public school system in Texas; banking; the public school system; the State Fair; the Cotton Industry; oil history; and histories of select towns, such as Dallas, Fort Worth, Wichita Falls, Burkburnett, Ellis County, Waco, San Antonio, Galveston, and many others.
Relationship to this item: (Has Format)
Tools / Downloads
Get a copy of this page or view the extracted text.
Citing and Sharing
Basic information for referencing this web page. We also provide extended guidance on usage rights, references, copying or embedding.
Reference the current page of this Book.
Davis, Ellis Arthur & Grobe, Edwin H. The Encyclopedia of Texas, book, [1921..1922]; Dallas, Texas. (https://texashistory.unt.edu/ark:/67531/metapth21069/m1/50/: accessed April 18, 2021), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; .