The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1898-02-05
"WAY TO RESUME
IS TO RESUME"
The comiss Prosperity Of the Pacific
Coast Assured.
ITS REAL ESTATE IN SOLID
Give I, q "L,sdis9' coniiasaes Sad Il will
take care Of ID, eoustry- kloSdiLs
Bsom btneiit
ITS REAL ESTATE rs SOLID

millions 10 tho wealth " uIt people VI
Norih America The movement In bonds
and stocks up TO normal value has added
tens Of mlllloru. The upward movement
of agricultural products has added hund-
rsvin u millions. The coming recovery IN
V-stcfn real estate viii adi proportion
ately more. for In no other form OF prop.
rrty was investment made more care.
i-asly than In western rral estate. and
n No other sort u yaiurs has the haa
carried DOM the gopi so extensively ana
pndwcrycdly an IN rsal estate. The com.
INK recovery win not b. q general rcc0y.
cry such former real 'FnAir vtlurs as
had 80 reason for ss.siof-c Will not
soon exist again.
This futurr Investments lu and loans on
western rcal estate Wiil probably br made
iulelllgcn,ly. afyef dchE.,o feasons fof
present security and future ldyarcc have
hron asccrtain'd and approved 1'ho mum.
cronH little mushroom ipwfr with 10 dis.
tlngui 'hing charact-tniics and 1o definite
raure apparent FOR futur. growth. will
sot soon. u ever. attract -iia~r tho con-
rrryative or the spccll i1y,vicr Tue
question. why" will prove more thor.
ouEhly tho claims of Ambitions towns ana
tho projects of promoter, Hut where
struaE ana good roasons can DO shown
Tor future growth Tor development Of
business and for lucrruss % values, Il h
probable that the west s. about TO sec
an era Of iargc Investment that has never
Yet been known or approxiunted. Values
RuN al
approaching a Dprrnai hl79rr In aome 10.
oalities. former iuy,utort. east and west
VII realize that their condemnation OF
all w~t-rn investments has been too
sweeping II viii be- sveu that much OF
tho tr,siblc ha. been lu. 10 their own
lack of rXaminaiion or 90 examination
by unknowu and unrvltbl- agents The
recovery viii be- much more rapid than
Ia" decline II may take the ;orm OF a
rush. not for any and every locality or
form of real estate. bui fo- the getting
hold - tho localities ol real merit simply
because such localities sill unapproprl
atcd hy capital are growing fewer. The
tide flowing 10 Alaska - not one that
viii develop and ~nhaace real estate there
For such form Of investment the return.
lng army " tuccws'ul men will look 10
our Pacific northwestern states. In To-
calites having genuine merit. II Is not
improbable that there will be a spcculO.
tive movement greater than any yet seen.
Sucsl an excitement as ,ha, in Alaska
tends TO arurc general speculative
fever In the community that no, only re-
suits IN gcaeral speculative Investment
OF all orta by the succesS,ul miners. but
leads outsiders 10 make haste 20 grow rlcn
by such other forms OF speculation than
mining as may be within their reach.
Human nature is much the same IN
each generation. and may BE- counted on
twith the same ccr,ainiy with mortality
,ablcsl TO so into speculation, as did the
fathers and grandfa,hcrs In thc past II
II seldom, however, tha; a speculative
movement Is based upon sJch solid ad.
vanccs In values IN SO many directions
aa the northwes, Is now experiencing,
Large quantities OF gold, laHe surplus OF
wealth IN the hands OF many; large
Aslatio development, not merely a De.
mand but as absolute need Of the north. !
wNtern timber; an immease advance In
agricultural products. and a coming de.
vclopmcnt Of northwestern railway inter. |
ests to an extent not yet known 10 tho
public but soon 60 be seen and appreciated, !
ara facts OF the day,
No community Is In good healthy con ,
dltion until It's real estate IL readily con-
IL n seldom that any section OF country |
has 50 many solid reasons for trusting In |
its own real estate as our Pacific north |
west can show this year, Nor Is II likely |
that the Pacific coast viii ever again be
seen In the discredited and dstrusted |
position into which Il has been thrust OF
late years, Hereafter j, takes It place |
among tho substantial and permanently |
trustworthy sections OF our land II has
u business demand from the westward OF
H., and is no longer the frontier OF bust !
ness development II has goac into bust
ness for Itself, ana controls business
that cannot be taken from It. The eNclu-
sively agricultural era IL passed; the
commercial era has fairly begun: an era
OF manufacturing In the moro bulky class
Of goods viii follow; aDd for this, the
electric development that can utilize and
transmit readily the Oregon water pow
ers, so numerous and reliable, will place
the northwest abreast OF the older manu-
featuring communities now relying on
their coal deposits for power
THE way TO resume Is to resume" The
way for tho northwest to resume full H.
nancial health is TO give up looking ask
ance at It's own real estate and to give
1t a Tending" confidence, When the
people at home so trust It, the outside
lnvestons will soon do tho same
" ~,