Aberdeen herald. [volume] (Aberdeen, Chehalis County, W.T.) 1886-1917, 1911-06-29
Chamber of Commerce Adopt
Resolutions Attacking
"Outside" Real Es-
tate Schemes
E. c. FINCH IS SPONSOR
Local Promoter Objects to
New Venture Of Former
Associate

In series of "Whereases" and
BE it Resolved" the Chamber of
Commerce at it's luncheon Tuesday
noon voted to condemn Outside real
estate, building and loan, mining
stock, and other schemes, majority
of which have been of a wildcat Or
der" and thereby hangs tale. The
resolutions We're presented by E. c.
Finch, prince of promoters, president
of the Aberdeen Realty Syndicate.
In a peroration of virtue Mr.. Finch
scathed the buccaneers of real es-
tate who approached from the "out-
side" to ensnare the unsophisticated
people of Aberdeen. He reviewed the
history of the past; stating that it
was his opinion that a million dollars
had gone out of Aberdeen on get-rich
quick promotion schemes; and pic
tured the impending disaster from
new invasions. 1t should be under
stood, however that his condemnation
is limited to Outside" ventures
Those on the 'inside," according to
Mr. Finch's resolutions, should not
come under the ban. Quite naturally
the presentation of the resolutions
provoked discussion that rather pal.
ed the other matters OF fnflortance
for the Chambers consideration.
On the broad ground that the reso.
lutions were mixing private business
with the public business of the Cham.
Der, and that the Chamber was no
place in which to air private real
estate transactions, Mr.. L. G. Hum.
bargar moved that the resolutions
be tabled. He very pointedly asked
what lay behind the proposed resolu
tiOns. His motion did not prevail
however, and after some further dis.
cussion the resolutions as drafted
were adopted.
The Resolutions
The resolutions themselves are as
follows:
Whereas, during many years past,
Dor cities have been a favorite and
profitable field of operation for non
resident promoters of outside real es-
tate, building and loan, mining stock
and other schemes, majority of
which have been of the wildcat or
der resulting in total losses to in
vestors, and
Whereas, an aggregate of hun
dreds of thousands of dollars which
could have been safely and profita-
bly, employed at home in the upbuild-
ing of our own city and locality has
been taken from this community by
these people, and operations of the
same kind are now being carried on
here, and
tain prominent citizens of Aberdeen
and members of this Chamber of
Commerce have entered into, or are
about to enter into and become finan-
cially interested in and parties to a
project under which a force of out
side statesmen, and promoters are to
be Immediately brought into Aber-
deem for the purpose of selling acre
age in the state of Oregon TO our
people and attempting to induce many
of them to move to and make their
homes in that state, now, therefore,
"Be it Resolved by the Aberdeen
Chamber of Commerce, that We de-
precate the action and attitude of
any Aberdeen citizens who may lend
their names, influence or financial
support to any such projects and
that we do most earnestly request
such citizens to refrain from doing
so; and
''Be it further resolved that We
pledge ourselves, individually and
collectively to use our influence and
all honorable means to stop such
drains on the finances of this COM
munity and to discourage the invest
ment of Aberdeen capital outside the
localities tributary to or in this
city"
Tho Coup d'Etat.
The pointed reference in the third
Whereas should be explained. 1t
seems that Pat Lavey who has until