A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 156
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156 A THUMB-NAIL HISTORY OF
panies are unwilling to insure so great an amount of
cotton as the company could care for, but for these
restrictions. It is certain that the storage capacity
of the new press will not be less than 800,000
bales. The company owns something like seventy
acres of land on the ship channel and therefore will
not be restricted by want of space. Captain W. D.
Cleveland is the head of the new company.
Houston already has in the Magnolia Warehouse
and Storage Company one of the best equipped,
largest and most powerful presses in the country.
Every compress and warehouse in Houston is located
either on the banks of the bayou or on a railroad
and all of them have rail connection. The result
is that drayage, a costly feature in handling cotton,
is entirely eliminated and the business is conducted
economically and expeditiously. Last season
there were shipped down the bayou about 400,000
bales of cotton. As each bale represented a
saving to the owner of 12 1-2 cents because there
was no drayage, it is evident that the shipments represented
about $50,000 saving. No other cotton
market in the world can or does do business so
The history of Houston's cotton business is of
more than passing interest since in its entirety it
represents every phase of the evolution of the
world's cotton trade. As already noted in these
pages, in the early day all cotton raised in the State
was brought here by ox-wagons for marketing.
The Houston mer chants ought the cotton both
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Young, Samuel Oliver. A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912, book, 1912; Houston, Texas. (texashistory.unt.edu/ark:/67531/metapth24649/m1/173/: accessed September 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .