Daily capital journal. (Salem, Oregon) 1903-1919, 1908-04-18

from the start and all the way
through and that THE CONFI-
DENCE OF THE PEOPLE CAN
ONLY BE KEPT BY DESERVING
IT.
Tn Board OF Trustees OF the Sa-
lem and Stayton electric railroad
are business men. They do not pre-
tend 20 know much about railroad
building. They do pretend 10 be
able TO account for money and tran
sact business
These business men are success
ful men In their respective commun-
tiles and carefully selected for their
DEALING HONORABLY WITH
THEIR NEIGHBORS.
There will be those who say that
II takes experienced railroad men to-
bnild and operate a railroad. Well
good business men can buy mater
lals. can dlsburae money, can let
contracts, and can hire competent
help.
II Il Is possible TO make a worse
showing OF financial mlsmanage-
ment OF corporations THAN CAN
BE SHOWN IN CONNECTION
WITH THE AVERAGE RAILROAD
MANAGEMENT we have yet to see
It.
Professional railroad financlers
have reached the point where they
cannot sell bonds on the markets
of the world. and II there are any
railroads that have not been bank
rupted several times We do not know
Of them.
We say thts for we do not want
the people 20 Oe bluifed out on this
enterprise OF helping themselves.
The professional railroad manipula-
tor will not willingly see the people
helm themselves.
The people are tN b. asked 20 SIT
down I'm this country and wait TWEEN
~ years while Mr.. Harriman and
other sharpers CART MILLIONS OF
MONEY OUT OE THIS STATE TO
| CARRY on THEIR CAMPAIGNS OF
CONQUEST ELSEWHERF.
Mr.. Hartman recently took eight
and half millions out OF the sur
plus of the q. p. & \. Co 20 buy
the Erie railroad, or buy enough Of
the watered stock 10 get control Of
that property.
Some day law will be passed
! that will compel railroad managers
10 spend part Of the monev they tate
out OF a country In building new
lines ia that country RUT WE
CANNOT WAIT FOR SUCH LEGIs-
LATION.
" Is up % us as citizens OF the
richest valley in the world 10 say
whether we will sit down and b.
the victims of industrial paresis and
disgraceful conservatism or whether
We will help ourselves.
Why should the men of the pres
ent generation sit down I'm this rich
and beautiful valley and wait for
the Oregon Electric. or the south
ern Pacific or the Welch syndicate
90 come 90 their assistance
There is an abundance OF IDLE
lCAPITAL LIVING N OUR RANKS
that under a proper system Of secur-
ing the investor viii come forth and
help develop the country by build
ing electric railroads.
There are az q low estimate 5OO,-
GOO cords of flel wood on the line
between Salem and StaytOn. and this
community consumes nifty thousand
cords per annum IN city. county.
school and state institutions. and
private use
The Turner campmeeting alone
would he attended bv ten thousand
.nFoule ~ II HAD An ELECTRIC
LINE To ITS DOORS, and that is
whore tho Salem aud Stayton elec-
tric would land passengers.
AZ conservative estimate the
salem ani Staytou electric with
! four cars making hourly trips would
take In two hundred dollars a day
and operating expenses could not be
more than half that sum.
70 costs no more 10 build a good
electric line OF railroad from Salem
20 Stayton than Il will 10 build a
GOOD BRokEN ROCK MACADA.
MIXED WAGON ROAD.
u will probably be many wears
before the people eau get a broken