Daily capital journal. (Salem, Oregon) 1903-1919, 1908-09-11
SALEM
BIG THREE
HUNDRED
THAT NUMBER OF
HOUSES

AT the regular meeting OF the
Boar Of Trade Wednesday. evening
hSecretary Hofer gave out some in
formation that was a revelation TO
many OF the members present. IL
was a psr'i1l i.st 4 INV cIm, is,
giving with each name the amount
so far invested in property. The list
gave the name OF only 35 OF Salem's
new settlers and the aggregate of
their investments amounted to $685.
900 in round numbers. This, OF
course, as everyone knows, cannot
include all OF the business brought
to Salem during the past season. In
fact, II Is only n portion OF II. MANI
Of the new comers, who have made
investment. are hardly known and
the facts cannot be obtained.
Hence, the list presented is entire.
ly Inadequate. "a serves more, how
ever. to illustrate what is bclng
done. II 35 families OF new comers
invest s125,000, on an average OF
nearly $4,000 each, our community
can certainly well AFFORD TO keep up
Its efforts TO 5eslrc the location OF as
many as possible. Among those
enumerated. II is learned that some
have as yet only invested a small
part of their capital, only a small
part of their Immediate families have
come, and the great work OF Undue
ing their friends and former neigh.
bors TO follow In their wake. has not
yet begun. II is undoubtedly safe to
say that these 35 families have
brought n quarter OF n million dol
lars In wealth with them, TO say
nothing OF what they will produce in
this wonderful western country.
Furthermore. Il Is n we'll known fact
that several hundred families have
como hero ~ho aro w. listed and
whose ipvastr'o-f- p.n -~nctically
unknown. Such are i1v''"l 10 make
themselye known and give a state.
ment 10 the Board OF Trade.
Hundreds OF new houses and inn
provements haye gone up on small
tracts. all of which has made basil
ness for lumber dealers. planning
mills. material men, HARVARD mon,
and most of ELL. labor for mechanics
Early last gprlng, II will be re.
membered, there was a great demand
for more houses In Salem. Scores OF
new families were coming In with no
place to horse them. After hunting
the town over and enlistlng every
real estate man and each wlde-away
citizen To find places for the new
comers, Secretary Hofer finally APP
piled TO the body OF the Board OF
Trade TO have n wide-awake commit
tee TO canvass the town and induce
property owners TO build houses. both
for rent aud for sale This was done
In systematic and thorough mdn-
ner Something over hundred
housese we're pledged and the mat
ter became contagious The good
work has gone on until nearly 500
new home8 are the result OF this
wears work This has made busi-
ness for all the material dealers and
for the mechanics as we'll No doubt
many more houses will be built. as
new ones are being started nearly
every day. bat the demand now Is
even greater than last spring. not
withstandlng all the new buildings
In existence. People come 20 the
BOARD OF Trade rooms every day,
looking for cottages 20 rent or pur-
chase on the installment plan. The
fall season Is upOa Ms, and. as is cus-
tomary. many families will be COM
Inc In for the winter school work.
and they ought to be provided for
In some manner. The question now
Is. shall another house building cam
paign be started? The Board of
Trade committee will probably take
this matter un IN the near future and
eubmit e 20 the property owners OF
the city.