The evening herald. (Klamath Falls, Or.) 1906-1942, 1914-11-19

tfrom the Eugene keetster)
/ g ONE ONE has said that the asss
- OF adversely are sweet. and l,
must be admitted that there Is consid-
erabie truth In the assertion. In times
of prosperity we fall into errors that
can only be corrected BY a siaekcnins
in prosperity. Periods Of depression
are distressing while they last. but
the evils they bring are BY no means
unmtxed With good. for they bring Us
down OUT OF the clouds and Set our
feet on solid earth again.
Oregon. together with the rest Of
the country. has been undergoing one
|oi these periods during the past year,
Enterprise has been slowed down.
New business projects have been held
in abeyance and investment has becu
checked. People with money have
held OF further Investments because
they preferred TO wait = while. and
people without money have been COM
pelled to hold Oh because they could
make no new loans.
The dement's 10 be derived from this
slowing down are twofold. For one
thing. reckless speculation has been
checked and people have been forced
to give close attention TO actual de-
veiopment in order to protect invest
ments already made. The custom OF
buying land and then sitting down
and waiting for II to Increase In value
instead OF actually working It had be-
come entirely too common for the
general welfare. when men buy q
farm and then turn around and sell
it few days or . few weeks later at Q
large advance In price. they will not
get out and follow the plow. But
when the nnd that they can no
longer make q living by speculation
alone they begin the work OF actual
development a. . means Of getting
the returns on their Investment that
they must have In order to carry It.
Thus the entire country Dement'S. for II
Is development we need, and not spec
uiation.
Another advantage that will accrue
TO Oregon II the sQaeezins Of water
out Of land values. Everybody knows
that speculative activity had showed
prices too Tar up the scale. In too
many cases the point Of actual value
had been passed. and prices were be-
Ing asked that could not possibly be
justified by actual production. These
prices were not based on returns from
the land. but on the hope that some
one could be found who would pay
them. The Stacker times OF the past
year have scaled these prices down
until they have reached irm bedrock
Of actual value.
The full measure Of this benefit will
be resIIzed nsxt spring and summer
with The flood Of immigration that
will come to the state because Of the
exposition. The low transportation
rates that are promised will bring to
he coast the greatest tide OF immi-
grafton ever known. and Oregon will
get ner full share. When these home
seekers come we will be ready for
houi. for we will have what they
want and Al q price that will repre-
'ent actual value. There never was
! better time TO buy land 10 Oregon
han now. The wGter has been
thoroughly squeezed out OF the
peculatiye holdings. and prices have
'een brought down TO q conservative |
eyei. Attention has been turned away !
rom speculation and centersd on real |
evelopment. II Is fortunate that this |
ondition prevails At q time when un-
'sually heavy immigration u due. for
'regon's greatest need IL moro popu-
stion on the farms. and attractive
ricsS will help immsasurably in get
Ing the people We ned.
:. Scattered Shots -.
THE RsofLs Of 'or.::on don.
hink mueh NJ tpus< tssta~~ Ns,A~tu~l