A new natural gas find in Texas has people excited. It is hoped that oil is found beneath it but the growing use of natural gas will help the slumping Texas economy even if it is only gas. Pennsylvania Oil Company is hiring 300 new workers to work the rigs and lay the pipe. The gas will be used mainly to heat homes in Wisconsin, Illinois, Michigan and Ohio. The price of Penn Oil stock rose $2 a share on the news. The price of Texas state bonds also rose on the news, lowering the interest rate to 6.5% down a quarter of a percentage point.
ZXHIS News Houston Apr 3, 1983 TV Broadcast
The Whigs continued their winning streat with the election of Thomas Brown. During the Brown Administration the Southern Abolition Movement started to gain influence. Locked out of many markets for years and shunned by other nations many young Southerners started questioning the existence of slavery. Knowing that the “rights of transit” prevented states from prohibiting it by themselves they pushed for limiting such rights to 60 days using the argument of state’s rights. Texas was the first to pass the amendment in 1908, something no one would have guessed at the start of the Confederacy but the fact was slaves were being sold east for some time due to the closeness of the “Black Colonies” in Arizona. Virginia and North Carolina followed suit in 1912. Louisiana and Arkansas followed the next year, the newly formed state of Jefferson and Davis (Formed out of the Indian Territories) were last. These allowed states to abolish slavery but none did so at the time.
President Brown made it easier to connect the US and CS telegraph systems together using various laws to encourage investments in hooking them together which was done mainly by US companies. The post-war boom in the US helped the CS as well. French and Spanish compensation money was partly spent in buying CS companies, mainly in the timber and fishing industries. Various newspapers were being bought out by US banks which helped push the “transit limit” amendment figuring the end of slavery would allow their banking business to increase. Oil was discovered in Texas in 1907 and money poured into that state as Pennsylvania Oil , California Oil and American Oil all scrambled to buy Texas property. Some Texas property owners became billionaires (In CS currency) overnight. Texas was also converting from being a cotton state to a cattle state. Many tons of Texas beef was moving north by rail. Between the two Texas soon became the richest state in the CSA.
While Texas rose South Carolina fell. Cotton was becoming less and less important and the boll weevil hit its crops hard. Worse a smallpox epidemic hit it in 1908. The state least happy with the “transit limit” amendment was South Carolina and secession was considered but discarded as it would have thrown the state to the mercy of the US and it still wouldn’t have prevented anything. However the reactionaries of the South rallied around the state governor the next election and the Democrats broke their losing streak with his election.
The Brown Administration and the Rise of the Southern Abolition Movement Bain Books Chicago 1943
ZXHIS News Houston Apr 3, 1983 TV Broadcast
The Whigs continued their winning streat with the election of Thomas Brown. During the Brown Administration the Southern Abolition Movement started to gain influence. Locked out of many markets for years and shunned by other nations many young Southerners started questioning the existence of slavery. Knowing that the “rights of transit” prevented states from prohibiting it by themselves they pushed for limiting such rights to 60 days using the argument of state’s rights. Texas was the first to pass the amendment in 1908, something no one would have guessed at the start of the Confederacy but the fact was slaves were being sold east for some time due to the closeness of the “Black Colonies” in Arizona. Virginia and North Carolina followed suit in 1912. Louisiana and Arkansas followed the next year, the newly formed state of Jefferson and Davis (Formed out of the Indian Territories) were last. These allowed states to abolish slavery but none did so at the time.
President Brown made it easier to connect the US and CS telegraph systems together using various laws to encourage investments in hooking them together which was done mainly by US companies. The post-war boom in the US helped the CS as well. French and Spanish compensation money was partly spent in buying CS companies, mainly in the timber and fishing industries. Various newspapers were being bought out by US banks which helped push the “transit limit” amendment figuring the end of slavery would allow their banking business to increase. Oil was discovered in Texas in 1907 and money poured into that state as Pennsylvania Oil , California Oil and American Oil all scrambled to buy Texas property. Some Texas property owners became billionaires (In CS currency) overnight. Texas was also converting from being a cotton state to a cattle state. Many tons of Texas beef was moving north by rail. Between the two Texas soon became the richest state in the CSA.
While Texas rose South Carolina fell. Cotton was becoming less and less important and the boll weevil hit its crops hard. Worse a smallpox epidemic hit it in 1908. The state least happy with the “transit limit” amendment was South Carolina and secession was considered but discarded as it would have thrown the state to the mercy of the US and it still wouldn’t have prevented anything. However the reactionaries of the South rallied around the state governor the next election and the Democrats broke their losing streak with his election.
The Brown Administration and the Rise of the Southern Abolition Movement Bain Books Chicago 1943