Capital journal. (Salem, Or.) 1919-1980, 1920-01-01


cedented business in all lines; tripled
payrolls; increased savings deposits
and an undreamed of volume of real
estate deals; these things all indicate
that Salem is on plane of progress
which will place this city on the map
as the leading fruit production and
fruit shipping center of the world.
Savings Are Doubled.
The concensus of opinion among
bankers and business men of Salem is
that the year now passing has been
without doubt the best year in the
history of the city. One banking item
is of general and special interest, and
that is the fact that savings deposits
have doubled in number during the
past 365 days. indicating that the in
creased number of industries hase
meant a great deal to laborers and
employees of the various enterprises
now established in the city.
Otto j. Wilson, aSalem's mayor, who
has resided here for more than a half
century, is thoroughly convinced that
Salem has passed most of the ''wors.
bends in the road and that the city's
progress from this time on will be
without halt.
Unemployment Scarce.
Perhaps one Of the most encourage
ing factors concerning Salem pres
ent status so far as general prosper
ity is concerned Is found in the records
of the office of City Recorder Earl
Race. Judge Race is in touch with
the employment situation in Salem and
after observation and Investigation
finds that there Is less actual unem-
ployment in Salem than at any time in
the history of the city. This is espe-
winter months when much work is af-
fected by weather conditions. -ne
majority of the requests coming into
the recorders office are by transients
and not generally from regular resi-
dents of the city.
All rea.. estate offices report in
creased business, among these are
John H. Scott, Walter McLaren, Laf-
Ter & Lafler. F. L. Wood, w. H. Gra-
benhorst, Perrine & Masters anS many,
were even too busy to make a state
ment.
Hotel Guests Are Many.
Charles A. Miller, manager of the
Marion hotel, reports unprecedented
business, more than 24,S20 guests hav-
ing been entertained at that hostelry
during the year. The Marion hotel has
spent $4,000 in improvements and has
many innovations, among
which is their own baggage and truck
service. 8%
Showing that his hotel of 100 rooms
had went through the year at full
rate, T. G. Bligh stated
that the guest total of 29,3sS
demonstrated that Salem is getting on,
the hotel list.
Amusements and shows also indi-
Gated full houses and increased busi-
ness Mr.. Bligh. who is recognized asi
the pioneer Snowman of Oregon,
claims that show attendance records in
all Salem playhouses have been thor
Dughly shattered during the past year
Percy A. Kupper, of the Oregon thea
ter. has the same observation to make
the show game during the
year 1919.
According to John w. Todd, super
ntendent of city schools. the element
airy and high schools of Salem have,
an increase in attendance of at least
copper cent
Business Men Confident.
The following table. giving compare
live figures from Salem banks cover
ng the periods, 191S-I91e form indis-
putable proof of Salem's sound, finan-
'iai growth: SahkHEa
Bank Deposits Tell the story
1918 1919
Ladd & Bush ass s4.s3s,1ssI3l
.. s. National 1.ssI.7sS 2,I53.s02. M
Capital Natl. s57,73T 1,I54.307.37l
Bank of Com. 403.741 74s,l39s0l
VIII Walton. cashier of the Ladd a |
Bush bank says: mo cause to be any
hing but optimistic concerning Sa-
ems future. The city progress during
he past year speaks for itself"
David w. Eyre. vice-president OF theI
United States National bank: The ]
'ear 1919 has marked great progress
n this institution and for Salem in /
general For Salem and the William
.tte valley. the new year holds prom |
Sc for wonderful development"
Growth Is Healthy.
Joseph Fl. Alberts. president, Capital
National bank, points to the steady
growth OF Salem as the best proof Of
'ound. conservative progress.
S. 3. Elliott, cashier Of the Salem !
Bank of Commerce. lays stress upon
he fact that the development Of the 1
-,