. City of Houston . and Trust Co., of Omaha, through which the purchase of the tworoads was made, and the stockholders ofwhich have a controlling interest in theenterprise. Mr. Steele, is a New Englandcapitalist. The Port Houston Land Improve-ment Company, and the Houston BeltMagnolia Park Railway Company,are corporations having very nearly thesame principals, and in view, substantiallythe same purpose—an identity of interest,in fact, in the project to make both alanding for shipping and a residencesuburb with the incidental attraction of afine park, between Houston and Harris-burg, at the jun
. City of Houston . and Trust Co., of Omaha, through which the purchase of the tworoads was made, and the stockholders ofwhich have a controlling interest in theenterprise. Mr. Steele, is a New Englandcapitalist. The Port Houston Land Improve-ment Company, and the Houston BeltMagnolia Park Railway Company,are corporations having very nearly thesame principals, and in view, substantiallythe same purpose—an identity of interest,in fact, in the project to make both alanding for shipping and a residencesuburb with the incidental attraction of afine park, between Houston and Harris-burg, at the junction of Buffalo river andBrays Bayou, about three and a halfmiles southeast of the Court House, in theCity of Houston. The Federal government has beenengaged, for some time past, in the workof excavating a ship channel throughGalveston Bay to the Buffalo river, whichhas twenty-two feet average depth ; andthis channel in the bay is now twelvefeet deep, a depth the Government hasundertaken to maintain and increase. MAP OF PORT the City and its New Extension Southeast to Deep Water on the Bayou. 22 THE CITY OF HOUSTON. by providing annual appropriations. Itcan easily be made twenty feet, and whenthe removal of the bars at Galvestonharbor is accomplished, ocean goingvessels can then come up and dischargetheir cargoes at Houstons water front. The Port Houston Land Improve-ment Company is incorporated under thelaws of Texas. It has an authorizedcapital of $600,000; T. D. Cobbs is itspresident, and Seth B. Strong, lands owned by it at Port Houstonembrace 1,374 acres, elevated above tidelevel more than fifty feet, and of naturalgrades affording excellent drainage. As prising Magnolia Park, by sinking arte-sian wells and making Lake Estelle,and by building a grand concert halland pavilion in the park projecting overthe bank of the river. It is proposedalso to build a fine hotel there and makethe place a summer and winter resort, forwhich purpose it has e
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