OCR Text |
Show TEXAS' FINANCIAL LOSS. Conservative F.stimates 1'lace the Loan Canned by the Flood at H,500,0OO. Galveston, Tex., July 11. Probably 20.000 negroes are now being fed and will need to be sustained for some time by the relief committee. The water is falling at all points except in lirazos county. All sorts of estimates are made as to the amount of the cotton loss. An estimate es-timate of 50 per cent is considered conservative. This will be a money loss of S.-.,0O0,000. The loss sustained by the destruction of other crops, bouses, fencing, stock and bridges will be S'ViOO.000. while the loss to railroads is probably 51,000,000 making mak-ing a total of SS. 500, 000. |