Daily capital journal. (Salem, Oregon) 1903-1919, 1904-02-01
DO NOT
BELITTLE
cola
Citizen Claims Prop
erty Sells Better
Than at Salem
Statistics OfReal Estate Sales
and Value of Products
Produced


Eola, Jan. SO.-In a recent Issue of
your paper, you say that the influence
of few business men like certain
business men in Portland would make
Salem deader than Eola. Eola dead?
Not much; in the last few years sew.
eral business men of Salem have in.
vested extensively in real estate
property in Eola and adjoining the
surveyed limits of Eola. without
single exception, they have made
quick returns and enormous profits
amounting to thousands of dollars in
every individual case. About three
years ago Yves. Hodson and Hugh
McNary invested in property here,
and within about two years sold out
and made something like 200 per
cent ON their investment. About q
year ago Thomas Holman invested
extensively in property here and has
made at least 100 per cent on his in.
vestment, without regard for the in,
crease in the market value of such
property which would amount to at
least 80 percent more. A. N. Gil
bert, l. l.. Patterson and II. b. Bro
ply have all invested extensively in
property here, and have received
thousands of dollars returns on their
investment. Less than year ago two
blocks OF real estate property in Bola
sold for $1750, and the only building
on 1t was considered so worthless that
It was torn down. Yet, such property
without buildings, cannot be bought
for that sum today. Is such property
on a mans hands dead property-of
dead town and community? For
several years the only business enter.
prise undertaken here in which capi.
tai was invested to any extent and
which proved a failure was the effort
to establish a distillery. This com.
munity will not support any establish.
ment dealing in intoxicating liquors,
and we take pride in announcing such
conditions. At the present time a
business opening is presented here
where the right kind of a business
man with perseverlng energy and en-.
terprise, and little capital, could
build up a good paying business.
There Is expended for labor and i'm.
proyements upwards OF ten thousand
dollars annually in this community,
within a radius OF one mile from the
center Of this town, or more than
one hundred dollars per capita. ac.
cording to it's population. What does
this mean? It means that If Salem,
with her suburbs, containing a popu
lation Of more than $4,000, should
expend an equal sum, according to
population, she would have to expend
more than one and Onehalf million
dollars annually for such purpose
Does she do 1t? And IL not, how can
she have stronger business vitality
and enterprise than Eola? Every
house in this little town is occupied
and the demand for labor exceeds the
supply. So far this winter every man
In this town could at any and all
times secure outdoor employment
whenever he might desire to engage
in such work at fair wages, ranging
from about 81 to $3.50 a day, accord
ing TO ability and business sagacity
In the last few years hundreds OF peo-
pie from Salem and elsewhere, have
collectively earned thousands OF dol
lars in this community, yet with all
this to her credit. the public press,
and people generally, outside Of this
community hardly ever mention Eola
except In terms OF sneering belittle.
ness. Is 1t fair. and is ii just? Mr..
Editor. you have from time TO time
severely criticized the expression of
the public press OF Portland and the
actions OF some OF her business men
in lifting Salem, and have urged the
people Of your city 10 resent such be
httleness and have advised them to
divert their trade to other places un.
til you get just recognition. II this
is good advice for Salem people to
follow. 1t is good advice for Eola peO
pie TO follow. Do you desire to
arouse resentment and cause us TO
divert our trade to other places. or
would you rather give us just recog-
milton and let Salem hold our Gus
tom? II you desire TO be fair and
just, would earnestly ask for the pub
lication Of this article.
The agricultural products produced
within the past year in Bola, includ-
ing the products OF the real property
actually adjoining the surveyed Linn