Evening capital journal. (Salem, Or.) 1888-1893, 1890-10-03
new ERA DAWNING.
Chicago Capitalists Coming TO
the Capital City.
IT WILL BE An ELECTRIC LINE
B. s. Cook Interyipwed.-.Salem
FavOrably known in
Eastern Cities.
IT WILL BE An ELECTRIC LINE

Mr.. B. S. Cook, OF the Oregon
Land company arrived in Salem
last evening, and was accosted by II
JOURNAL reporter this morning
with all kinds of questions. Mr.
Cook has been in number of the
large cities Of the East since he was
last in Salem, aud brings some
cheering news to the capital city.
While in Chicago he concluded the
sale of the Oregon Land company's
interest in the Salem Street railway.
The purchasers are Chicago syndi
Gates, who will convert the line int,
An electric motor aud they will slsu
make some extensions to the line il
lhe near future. The first Of thes,
will probably be to the asy lum anu
nemetery. The syndlcates also
bought considerable property in con-
uection with the ear line. 1t is theii
Intention 10 build hundred houses
in this city next spring and sell
them o. the installment plan. Mr..
Cook said that the capitalists oi
Chicago have great confidence il
salem, and are not afraid to pul
their money in property here. Tn,
men there say that Salem must
necessarily De a prunIinen,
city, being situated IN the heart of b
rich valley with unbounded natural
resources, and being the capital oi
what must become one of the lead
ing states, gives Salem an advantage
over many other cities. The people
IN all the Eastern cities speak wei
of Salem. 1t is everywhere known
rs city Of unexcelled beauty. The
location IS attractive and slightly
and the city has been wisely laid
out.
salem has been slowly making
her Importance felt on the Eastern
capitalist. Those men who have
bought the street car line here, are
not slow in seeing the advantages
poE sessed by city. They have
money Invested in many places, hut
Salem will be central point in the
west for their money, which will be
the source of bringing many thou
sands Of dollars to this city to be in-
vested IN manufactures. Chicago
is watched by all the other cities in
the East, and where she begins to
put her money, other cities examine
into what are the CAUSES, and it i.
rarely she makes mistake in the
place of investing.
About year ago the Oregon
Land company began their work OF
endeavoring to bring before the
eastern people the importance aud
advantages Of Salem and the Will
annette valley. They sent the
city papers and pamphlets east to be
distributed. among the NJ oneyed men
This has done much to attract cap
ital this way, The travelling public
from the east who pass through Sa-
lem always speak in favorable terms
of the city when they get home.
The people everywhere listen with
interest to any account Of this val
ley. Mr.. Cook was often ques-
toned closely about every advantage
possessed by Oregon, and especially
Salem.
A representative Of the Chicago
syndicate will be in Salem in
short time to make a thorough in.
vestigation of what is best to be
done, and what extensions are ad-
visabie to be put in. The city should
lend every encouragement possible
to men with capital who are think
ing of investing their money in the
city. These are the men that Sa-
lem most needs. There are plenty
VI men in Oregon without money,
W no have come here from the East
TO get better wages. 1t is capital
and manufacturers tn give them en-
ployment that are now in demand.
There is nothing that stands so
prominent az an advertisement for
his city, as the fact that Chicago
'yndicates are coming here with
heir money. The buildings that
hey will put up will be for the most
,art in the suburbs Of the city.
Homes IN the outskirts Of the cities
ire very common in the East, aud
will soon be so here. Let capital
,onie; there is room for growth in
his big country.