A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 159
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THE CIT OF HOUSTON, TEXA 159
stead of having to seek a market, found one right
at his door. There was such competition between
the buyers that the highest prices possible were paid
in order to get the cotton. Every cross road and
little town in the State became a center of information
about prices and the farmer could learn every
morning the quotation of that day both in American
and foreign markets.
It soon became evident that it would be necessary
to provide some place where large quantities of cotton
could be concentrated for inspection, classification
and arranging for final shipment The Houston
cotton men realized that a most radical change
in the method of marketing cotton was about to
take place and they began at once to prepare themselves
to care for this concentrated cotton. Old
. warehouses and compresses were enlarged and new
ones erected The storing capacity of the city was
materially increased and when the work was finished
Houston was most thoroughly equipped to
meet all demands that could be made on her. Another
thing that was done, which shows the great
forethought of the Houston merchants, was reducing
all local charges to the lowest point possible.
No attempt was made to make money directly
from the compresses and warehouses, a such, but
these were used very much as so much capital, to
attract and keep the cotton business here. It is
a fact that can not be disputed that today Houston's
local charges on a bale of cotton are from 25 cents
to 80 cents per bae cheaper than are those in any
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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/m1/176/: accessed October 17, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .