, 1883-01-20

PoErr,sp, Jan. 10, 1888

tckILASb, JAh- tSy Ac
Portland enters the new year with pros
pects of becoming "a metropeiis away
ahesd of any other city on the coast, and
there are not few who predict that 1t
will finally ecllpse eren the city ct the
Golden Gate And why should 1t not
The goId and silver mines that contrib
u,ed 50 largely to building up San Fran
CISCO are now exhausted snd golden gram
takes the Place Of golden lngots. Port
land Is So si.uated that il must and Will
for many, many years receive tribute
from a territory equal to half dozen EN-
pires all rieh in mineral snd agricultural
resources, and the people here are fast
avakiug 10 that undoubted fact ; the VII
lameite Valley IS one empire and the
vast regions comprising the Columbia Ba-
sin are the others. TIE next two years
will bring more money and population in-
10 Tbs northwest country than ii has re-
ceiyed IN the whole Of the last decade
Property here is held at good figures, but
TO my mind money pa, into real estate at
preseut rates is a good Investment, and l
do not beliye that The - boom is Yet be
.rn. Messrs. Henbner Il Leahy, the
real estate agents, very honorable gentle
men, have put up forfel, TO pay our cit
izsns. Paine Bros, the snm Of S35, 900
for b acres Of their land along the river
frons adjoining Alblna, Fortunes have
been made and sill will be maGe in real
esta,e speeGlations IN this city.
To day in an interview with Mr.. Dave
Thompson he informed me that by next
April 10 less than 500 men, and more
# they can be obtained, will he employed
on The Baker City line between that place
aud PendletOn: and If men and money
can 30 it the raiIroad will be completed to
Baker City inside IL six months after ope-
rations are begun. They are now ship
ping tons of grain, chop feed and oats
from Portland To the summit Of the Blue
Mountains, and Mr. T. says that it Is be-
cause they cannot obtain the same in the
Wdla Walla valley. The prospects all
over this country being SO good for big
crops and prices next harvest pleases every
one. and business Of all kinds will soon
ierl the effects Improvements are going
on everywhere, and one who has not WIS.,
tied this place for year will be surprised
aheu he Wits II again Over IN Albna
this is especi9lly the case, for not only
the big dry dock, machine works and bu-
siuess connected with freight from all
parts will bc handled there, but 1t bids
fair 10 become the manufacturing center
of the northx esterE empire. The last en-
rerprise is that Of the well known and far
deallns firm Of Sibson 4 Church, who
are about to commence the erection Of a
Ia rgc Touring mil, 10 cost not less than
quarter # million dollars.
The new paper causes lots Of talk, and
must say that the comments are very
unfavorab,e. especially among business
men; what they seem to lack is business
ca.aei;y, newspaper instinct and editorial
ability Everyone seemed to encourage
them on the start, but the paper fell as
flat as cold flap jack, and the disaF-
pointmcnt is krenly fel:. The Oregonian,
however, 50 improved that its worst enc
mics cannot now complain. IT the new
publication had not made so much noise
at the outset, AMI made SO many brags OF
what It was gong to do, the public would
not have expected 50 much as 1t is, 1t is
daily losing ground the manager prom
iSes good deal, and the Oregoniou, does
not appear to know that opposition ex-
isis +. J. PtRKEE