Rangers and sovereignty Page: 100 of 188
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RANGERS AND SOVEREIGNTY.
ing us back to the northern frontier of Texas. So
their petition was not acted upon by the Governor.
Captain Coldwell, who was stationed at Rio Grande
City, about 100 miles below Laredo, also received
marching orders, and brought his company up to
Laredo, and we took up march together back to our
old stamping ground on the northern border.
We will not get out of sight of Laredo without telling
you something of banking there. Mr. E. J. Hall
did the principal banking at Laredo. Mr. Hall invited
us to inspect his bank and pass on its unique features.
We were not a committee, or any part of one, to look
after state or national banks, but Hall wanted us to
enjoy the funny part of it. Mr. Hall had stacks of
silver, that looked like cord wood, in his counting room,
and at his pay desk. This was mostly Mexican dollars
and was hauled there by mule teams. When Texas live
stock buyers visited the neighborhood of Laredo to
Purchase Mexican stock, they had only to go to Ed.
Hall's bank, and see how his stock of money was
holding out. They didn't have to inquire about securities
and the men selling live stock did their own
inspecting. It was all in sight, and no watered collaterals
behind it. The dark and gruesome spectre of
Panics did not bother Mr. Hall. He knew Wall Street,
and few men knew it better. We took a toddy with
Mr. Hall, and wished him a long and prosperous career
in Rio Grande banking. If there is any moral
in this, it points to a sound money basis. He had a
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Roberts, Dan W. Rangers and sovereignty, book, 1914; San Antonio, Tex.. (texashistory.unt.edu/ark:/67531/metapth5833/m1/100/: accessed June 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .