The daily journal. (Salem, Or.) 1899-1903, 1903-10-10

acleu upDus Nuat nc oayH 0DeNe ~NN
value Of laboring men owning their
homes is very important and we
hope It may be further discussed
But read what he says for yourself
He is disposed to take a hopeful vi.w
and his cheerful optimism will do you
good:
with the wonderful productive ca,
pacity OF our soil, and the industry Of
our people. Salem is bound to be.
come the center Of the richest agricul.
turai region in the West. It is true,
we have no mines. but our othes prod
ucts are so great. so staple, and so
sure Of bringing cash returns, that
these industries will not only grow,
but become productive Of greater
wealth. Il Is estimated that this val.
ley will turn of at least 10000, 900
worth Of farm products this year.
The greater part Of this wealth will
remain in the hands of the people who
produced II by their labor They will
invest II in property, in better homes,
in increasing their holdings and i'm
proving their plants. The surplus
will find It's way into the banks and
become stored capital for carrying on
other operations. or be held for the
benefit Of the owner for a rainy day.
But II is easy to see that dairying,
hop growing. prune growing. grain
and stock raising are in their strong
young growth. and destined to in.
crease by leaps and bounds. There
is almost no limit to their expansion.
The people have all these industries
mastered. They are a success.
There will be fortunes made not
only in these agricultural industries,
but in allied industries, such as the
creameries, fruit packing, commission
and transportation business, and in
banking. The two banks at Salem
are now crowded 10 their utmost ca.
pacity with business. Customers are
so plenty that the forces in the banks
have to be increased and work on over
time. II is not saying anything
against their capacity to transact
business to say that there is room at
Salem for one or two more banks OF
the right kind and handled by the
right kind Of people. That a fortune
can be made in banking at Salem in
the next ten years by a well-organ.
lied bank no intelligent man familiar
with the business can doubt for a mo.
ment. One Arm that has been making
loans as a private business has had
30 much TO do that it's members have
hardly had time 20 attend TO their own
private business. Money is being
made in the newspaper business at
Salem. There might be a field here
for another newspaper or two OF the
right sort. A good social OF religious
weekly on broad.gauge lines would
prosper here, SO would a journal Of
literary criticism, II ably edited, Take
he carrier business. One man who
would perfect a system OF delivering
newspapers TO residences and bust.
ness places. could make a fortune
And SO in many other lines.
There are fortunes 20 be made In |
real estate at Salem. Property Is as
cheap as Il will ever be again In the
history OF the state. All suburban
property is stifeRing In value and
coming into the market. The me.
teamsters and laborers who
rave had steady employment at good
wages all summer are picking up
heap lots. and building homes, or eA.
arging and improving the homes they
nave. The laboring man will spend
lis earnings to the last cent and even
90 into debt 10 make improvements.
rhe fortune made by John II. Albert
when he laid on the Yew Park prop
'rty into an addition. had II taken
nto the city and graded the streets.
vas almost entirely made out OF
homes Tor laborers. That is the only
way 10 build up any suburb. as the i
nan Of alth picks up a place in the
leart Of the city at fancy price,
While the man OF small means Is con,
pelled 10 build on cheap lot In the
suburbs. So there are several sub I
lrbs that are now taken into the city |
where II the streets are graded and
lily water and lights are put In for.
unes can be made In real estate. The
salem workingmen must have homes,
and they want them convenient 10
'ar lines, and with modern improve
nents. Values can be doubled in that |
Sind OF real estate II il is handled in. !
diligently and on modern lines for
he next ave years.
Fortunes can be made on building |