St. Johns review. (Saint Johns, Or.) 1904-current, 1921-09-09
Portland's Prospects Bright

Portland's Prospects Bright
Portland is on the eve of mighty
| forward step oregon is coming into
its own and the entire northwest looms
as the most prosperous section in the
United States. With a worlds exposi.
tion of huge proportions scheduled for
| 1925, focusing the eyes of Christendom
| upon it, this city stands out pre-emin.
emily as the one municipality with men
of Vision and courage sufficiently
great TO undertake such an Herculean
| task during the days when even the
most optimistic Of our financiers did
not actually know what was coming
out of the overcast industrial skies
But their faith has been justified and
will be visualized during the coming
four years.
While there Is still much to be de.
sired I'm the way of a clearing of prob.
lens incidental to full recovery from
wartime difficulties and while unem.
ployment is among the features which
must be reckoned with, nevertheless,
there is ample reason for far more
( optimistic feeling on the part of the
people OF this section.
There is much better feeling In
| lumber circles and that is one of the
most significant things In this section
of the country. Nothing In a long
time has done more 20 create n favor.
able impression in this regard than
the closing of deal last week where.
| by $4,000 acres In the Nehalem dis.
trict. owned by the Oregon American
Lumber company, was transferred 90
the Central Coke q Coal company OF
Kansas City, Mo-, OF which Charles
Keith, one OF the worlds largest lum.
ber operators, is president. The fact
that Mr.. Keith Is an operator and not
a speculator Ia a significant feature
OF the deal The consideration was
81. 7.0O0.0 900.
Immediately following the closing OF
the deal here. announcement was made
that 500 men would be employed at
once 10 work on completion OF the
United Railways line 10 the properties.
significant OF the fact that the pur.
chascrs will proceed at once 20 take
out the big timber and cut Il into lum.
ber and that will ultimately mean con.
structlon OF very large mills at big
financial outlay by the company itself
or In cooperation with some other con.
templated plant.
In this connection II may be stated
that the magnificent new projected
plant OF the Peninsula Lumber com.
pany. Of which r. c. Knapp Is presl.
dent. is going ahead nicely. II is TO
be located Just north OF the present
mill. which IL about one.half the size
OF the proposed one. There will be an
outlay OF capital on this plant OF up.
proxlmatcly s250.000. Mr.. Knapp has
always had the fullest faith In Ore.
CONS future and has associated with
him men Of vast means who will stand
with him In his projects TO the limit.
There In no doubt In the world that
the lumber business OF this section IL
due for n revival on very large scale.
for IL cannot be otherwise. considered
from the viewpoint OF necessity 20 be
brought about by renewed business ac.
tlyity throughout the whole country
and the rapid depletion OF large for.
ests elsewhere. The last great stand
OF timber In the United States IN In
oregon and Washington and Il will
soon be In great demand
The great exposition 10 be held In
Portland In 1925 IL TO be capitalized
AZ $4,000. 900. With the clearing away
OF all counter attractions that were
projected by other cities and the pass.
Ing OF the jolnt resolution by congress.
authorizing the president 20 invite the
nations of the world 20 Portland for
participation, Il means, as has been
well said. -four years OF hard work
and prosperity for all"
Portland will undoubtedly reap great
rafN as.sr L.. 81
sition. as will the state. the northwest
and the coast In general. An era OF
building Is expected. Some big hotels
are certain 10 be built, according 10 the
Judgment OF men In large business.
There must be thousands more OF
homes, as the housing situation has
long been inadequate. Industrial con-
ditions are bound 10 become better,
there Is sure 10 be much more EN-
plOyment.
As for immediate activities and
prospects, there is a crop OF from TO-.
O00,O 20 sO.000.O0O bushels OF wheat
In Oregon. Washington and Idaho, with
a price ranging above the dollar mark
Conditions are such that this will be
disposed OF by the farmers. This VIM
start long line Of liquidation, the
wheat'raiser taking up his notes at
the bank and the money which he re.
ceiyes for his product being passed
along, relieving TO a large degree many
others intricately inteTlOeked with him
In the business, This liquidation will
help greatly In easing financial con-
ditions.
The wheat crop is not the only one
OF proportions that will be OF great
benefit, for Oregon will have a big
apple yield, doubtless with excellent
returns, for there Is an unusually
small output elsewhere in the United
States and the price should be good
W III Warren IN the OraSonian