The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1871-04-14
OREGON.
A Good Country to Loan Money or
Maze Real Estate InVesimeHts..s
Portland. ...WiIIamette VaIleys.s
Salmon Fisheries.

A Good Country to Loan Money OF
Maze Real Estate InVesImeHts.s.
Portland ..WiIlGmette VaIIeys.a
Salmon Fisheries.
From Portindlsttsr in the PhllG. Press.
Here in Oregon, as in allnew countries
money commands q high rate Of interest
Twelve per cent in gold can be readily
obtained for the use Of greenbacks, on
the best real estate security. One pei
cent month Is the rates established by
law, or no doubt higher one would rule
In Washington Territory, where there Is
no limit, II Is worth 20 per cent, and often
"a. A few years ago, before there was
any law on the subject, 8 and 10 per cent
month was not uncommon. But this
was when money was much scarcer than
1t Is now. There are many men OF large
means here at present. In point ol
wealth Portland will compare iaYorably
with most Eastern towns OF equal popula.
ton. Real estate has enhanced amazing.
y In the last two years; in fact, one year
has more than doubled It's value,
and II Is still going up. Dwelling
uOub0S VIVA Hluhl lSto 1Auiu LuVIe
than IL per cent. In rents, and are in great
demand. Tho Oregon and California rail.
road, now being constructed at both ends,
the Northern Pacific, just begun, and the
West Side, soon 10 be commenced, have
helped 10 produce this result. But other
causes contribute. For 140 miles above
The city extends one Of the richest valleys
in the world-in some places forty miles
In width, with climate which for aver.
age mildness in winter and summer can
hardly be surpassed. Extreme heat and
cold, rs We understand them, are unknown.
The contiguous forests abound In cedars,
frs, and spruce that dwarf the tallest
Eastern pines and hemlocks into pigmies.
all products oI the temperate zone, es.
pecially wheat and oats, yield abundantly
TO tho rudest culture, Apples, pears,
plnms, and cherries Of the largest size can
be raised In quantities 10 supply the ma.
ton. Ocean steamers drawing seventeen
feet can navigate the great river and lis
tributary at all seasons 10 this point, but
cannot 60 beyond.
The Willamette Valley, with only five
per cent Of the Territory Of Oregon, con.
tains sixty.elght per cent Of the popula.
ton. Capable Of sustaining q million,
this valley has only 6l,00O inhabitants.
It has no end Of water.power for mills
and factories. At Oregon City and Salem
they have avAlled themselves Of It, and
turn out, among other things, by far the
best blankets | ever saw, Blankets are
0regon's specially. have seen o pair
that weighed twenty-five pounds, and
Mayor Goldsmith says they sometimes
weigh thirty. They are white enough
and soft enough for tho couches Of the
Uranides
The salmon fisheries Of the Columbia
are already q source Of wealth. Great
numbers OF these huge fishes are caught
every spring In gill.nets. The season be.
gins In April and ends in July. They are
put upin cans, kits, half barrels, and bar.
rels, and shipped 10 all parts ofthe world.
The live weight Of the 6sh Is from twenty
to seventy pounds. The most noted fish.
erman Is Mr. X. G. Aldrich, who will
commence the season with three miles Of
glll.nets. In the New York market his
fish are worth $94 q barrel, while they
only net him here $40. Being put up
with Liverpool salt, and pressed in pack.
ing, with heads and tails of, they bling
four or five dollars a barrel more than
those ordinarily cured,