The Dalles daily chronicle. [volume] (The Dalles, Or.) 1890-1948, 1897-10-07
THE BEST PLACE FOR CAPITAL
TO INVEST.

y
satisfactory price which wheat is
commanding, are making money
plentiful in all sections where the
people haye products TO sell. Es-
pecially is this &rue in the neighbor-
hood surrounding The Dalles. Was
co, Sherman and Khckitat counties
are in better condition today than
they have ever been since the first
plow turned the maiden earth and
the occupation of these lands began.
Many farmers, who year or two ago
did not see their way clear through
the difficulties surrounding them, are
now rejoicing in debts discharged
and mortgages lifted. The song of
prosperity is heard in the land, bring
ing happiness to the men and women
who have struggled through d1scour-
agements untold for the objects now
attained. Many of the wheat ralsers
and stock men are in more than in
dependent positions, with money to
invest. Alreadythe banks and money
1oaners are feeling the changein con-
ditions, and there is far less demand
for loans at ten per cent now than
there was year ago. Many signers
of notes not yet due are willing and
glad to wipe out their obligations
and save the interest charges.
AS natural result capital, which
needs always to he employed to earn
returns, must seek other investments.
County warrants are no longer at a
discount; heavy premiums and high
rates of interest cannot be obtained
when there is more money to loan
than there is demand, and new places
must be found where capital will
yield fair returns for its use.
With the enactment of a tariff
law that promises continued prosper
ity and stability, men with money
are willing to embark in enterprises
which in the last four years have
been entirely out of the question.
Manufactures, railroad building and
investments of like nature cannot be
made while the interest charge is
high, but when II is lowered so as to
leave margin for profits, these same
opportunities attract the investor.
We are but entering upon what
promises to be an era of good times.
But a small portion of the wheat
crop has been sold, and the excess of
money has not been felt So markedly
as yet; but it is coming, and when it
does those who have it will begin
looking around for new fields of in
Testment. it is just this condition
which is needful for The Dalles.
This is a rich city, containing more
wealth to Its size, probably, than any
other town in the state; but, as is
well understood wherever The Dalles
is known, its opportunities are not
developed. Since capital is to seek
some place where it can be used, no
where can it turn with greater safety
than to the city at the head of pres
ent navigation upon the Columbia.
Almost any industry, wisely man
aged, would succeed in The Dalles.
The boat line, which was started at
time when the outlookBseemed un-
propitious, has prOspered far beyond
the dreams of its promoters; our
Touring mills have paid handsome
returns since the day the machinery
started; our merchants are continu-
ally adding to their stocks and facili-
ties for trade; our mammoth ware
houses have had all the business they
could comfortably handle. OF a
truth the present condition of the
citv's business interests can be called
eminently satisfactory.
1t is the duty of our citizens to