Daily capital journal. (Salem, Oregon) 1903-1919, 1904-08-05
Republican National Ticket
RAILRoAps wlLL come.

RAILROADS WILL COME.
1t is a dull day these times when
9he newspapers cannot report the or
ganizatlon of an electric railroad with
a capital stock Of a million dollars
Oregon has had more paper railroad
building this summer than ever In its
history, and we must await the actual
completion of these projects. or at
least a portion OF them.
Grant deeds are not accomplished
in minute and there Is certain
amount Of superfuity about all great
enterprises. IL takes time and vast
amount Of money and labor to bring
about such undertakings. Time and
time alone will demonstrate their
genuineness.
In the meantime 1t Is unwise to
condemn them as schemes and "hot
air" roads. Have patience with the
projectors and let them work out
their plans as long as they are not
figuring on getting their hands into
the public or private purses. II they
want to spend their money in running
around over the country exploiting
wind railroads, let them do Il. They
are certainly doing no harm and might
do some good even admitting that
there is more or less buncombe in
their statements.
There is the practical side to the |
question. however. that should be |
considered, the one that today is at.
tractlng capital to the state of ore.
gon from all portions OF the East.
The state Is In It's infancy from every
stANdpoint, and more especially is
this true In regard TO transportation
The richest valley In the world. when
all things are taken into consideration.
and yet only one way of lngress or
egreas. One railroai handles practi
cally all the freight and passenger
trafiio. II has a monopoly on every
pound OF merchandise or produce
brought into or shipped out of this
garden spot. This condition Of af
fairs cannot exist longer and the day
is not far distant when other com.
panies will enter the field and lie
mand their share.
As to the casual observer of events
and things we believe that day Is at
hand and that the roads now being
Incorporated will be pushed to a Anal
completion. When men are nut TO
work digging bitches and building I
numes In this advanced age OF wealth
and hnanciering II usually means
business, There might have been a
time when mere promoters could u
have expended a few hundred dollars
and reaped a harvest from a few o
ditehes and dirt grades, but the sys
tenn OF railroad building Is entirely
different now.
capital demands to see a certain y
Income before any money Is Invested =
and with the experience OF hundreds u
before him, they usually get the dc II
sired information. Men who are able "
now To inancier paper railroad are "a
sQually as competent In the employ le
II legitimate companies aud are not "a
'low to hnd places that are waiting Ia
or them. fe
In tho Eastern states suburban I'll
Electric lines are building great ar
owns and cities whore only a few he
ears ago vast swamps aud forests %
lsimed the soil as their own. With pl
ne advent OF the means OF quick M
communication the wage Garner
ought his little home far out Ia the OF
ountry and still worked in the city mi
'roperty Increased In value and the a
mes developed into paying PROPOSE gu
Ions The same thing viii be true I'M
{ thls country, The railroads wei va
ome the electric line. Tor they have be
onnd out that Il is the great home R'
1ilder Il creates ,rafic and they di'