The evening herald. (Klamath Falls, Or.) 1906-1942, 1912-06-06
SECURITIES IN
OREGON SAFE
REPRESENTATIVES, OF BIG FINAN.
CIAL INTERESTS WIRES EAST
THAT INVESTMENTS ARE
FIRST CLASS

PORTLAND. June 6-"Thc amount
OF money to be made In the West Ia
limited only by the speed that East
ern capital can be sent into the West
for investment. The only thing with
out a spine in the West is Burbank's
spinelcss cactus
This telegram was sent to New
York bankers by Robert Scaric. bank.
er. vice president and general man.
ager OF the Rochester Railway Light
and Power company OF Rochester. n.
Y. who. as representative of Eastern
banking houses having 100000. 200
Invested In California alone. has been
travelling In Western states for the
last three months, studying the trend
OF Western legislation In connection
with Its effect upon public service So
curitics. He started his career as Of.
Zee boy for Thomas Edison. the cleo
trical wizard.
1t will be breaking no confidence
TO state that was sent to make an
Investigation owing to shaken conf
dence OF certain big bankers. who
were scared slightly owing to the so
called radical legislation In the West.
California particularly" said Mr..
Searle. at the Multnomah hotel
They feared that the Western law
makers might be tinkering with stat
utes that would endanger or make
less profitable investments In public
service corporations In the West My
telegram embodies my ideas In re-
gard TO the safety OF the West from
the standpoint OF the investor. ! be-
lieye the laws are being shaped In
the various coast states that will aid
safe. sane and conservative invest
ments.
Just before left the East one OF
the bankers whom represent said
Bob. we have opened branch Offices
in England. France. Italy. Germany.
Russia and South America and are
selling Western public service securi.
ties. wonder II we will have TO
open an Office In Hades now. because
feel that the securities are going
there. That was how this particular
banker felt.
When my report Is In I am sure
this feeling will pass quickly. Invest
ors 1000 miles away are easily fright
ened. A man can rush In and say: |
The Columbia River has risen eigh-
teen feet and a man who has an
orchard way up on mountain side |
ten miles from the river Will turn
white with fright. then swear that
his crop Is probably floating some
where In the vicinity OF Astoria. and
rush out to sell his property. The
highly oolored reports OF the actions
OF Western lawmakers had about this
effect OF some OF our bankers. The
reports were In variance with the
truth. needless to say.
II am convinced beyond a doubt
that the West Is as big as big men |
will make II. All the West has to do
is to keep on being big. Your law
makers should make 1t their duty.
however. to see that the financial
hook for Eastern capital Ia literally
ba!ted. You offer great opportuni-
ties to attract homeseekers, and you
should do the same to attract Eastern
capital. To launch big enterprises
In the West makes hazard obligatory,
at present. and only liberal induce
ments will secure Eastern money for
the West as fast as the West has need
Of II. No investor. East or West,
hazards his money In a new country
unless there Ia promise OF great re-
turns. commensurate with the hazard
Iaken.
only little people. who have not
he ambition or the brains TO 20 out
md get their share OF prosperity,
'nvy and criticize big men and big
they launch. Little peo-
,le do not realize that a dollar turned
n the East on Western investment
means 80 or 800 turned In the
Vest for the Westernsr. find that
many Of your >so-called big men In
he West are fostile to Eastern cap
talists and money. They usually are
nen who grow wealthy through de-
elopment Of the West. and now want