Early Days in Fort Worth, Much of Which I saw and Part of Which I WasPaddock, B. B. (Buckley B.)
History
Early Days in Fort Worth, Much of Which I saw and Part of Which I Was
Paddock, B. B. (Buckley B.)
Fort Worth (Tex.) -- Biography; Fort Worth (Tex.) -- History; Frontier and pioneer life -- Texas -- Fort Worth
It was a dark day for Fort Worth. The news fell upon this city like a
thunder bolt from a clear sky. From the highest point of expectancy the
people descended into the lowest depths of despondency.
When the work of the road had reached a point west of its eastern
terminal this side of Marshall, Fort Worth commenced to grow. People
came to the city from all points, but more numerously from Kansas and
Missouri. But they came from everywhere and bought property, built
houses and engaged in business. From the fall of 1872 to that of 1873,
Fort Worth grew from a little hamlet of a few hundred into a bustling
city of three or four thousand. Rents were fabulous and business in all
lines was active. Fortunes were made in real estate and corner lots
would double in value in a night.
But the first day of September, the day of the suspension of Jay Cooke &
Co. told another story. Values declined with as much rapidity as they
had grown up. People who had invested their money and paid a part in
cash and gave their notes for the remainder; who had commenced the
erection of houses that they were never to see finished; who had ordered
and in many instances received stocks of goods for which there was no
market saw bankruptcy staring them in the face. Professional men from
all over the country had left comfortable homes and good business to
come here and begin their fortunes anew, faced inevitable ruin. The
population dwindled as rapidly as it had grown. Stores and dwellings
were vacated by the score. Business was at a standstill and gloom and
despondency was everywhere visible. The road to the eastward was filled
with people who were leaving the town in as large numbers as a few days
previous they had sought it.
Meanwhile the road to which so many looked with expectancy and hope was
nearing Dallas. It was completed to about Forney, east of Dallas, and
the work was continued until the road reached Eagle Ford, six miles west
of Dallas, when it was discontinued and the forces disbanded. Eagle Ford
which had sprung into a town of more than a thousand was as quickly
depopulated—the people for the most part moving back to Dallas. It was
the opportunity for that city. Had the panic broken thirty days later so
that it would have been practicable to have completed the road to Fort
Worth before suspending operations, Dallas would have been a good county
seat town instead of a thriving city and Fort Worth would today have
been a city of a quarter of a million population.
Public-domain text, read in full here on John Shaqi.
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