White Bluffs spokesman. [volume] (White Bluffs, Wash.) 1907-1938, 1925-10-30


$500 ,OO00 900 in the state, mostly from
the financial centers of the eastern
part of the United States. The power
people have put in some 100000, 900
for this development, and there are
project on foot today along these
lines for double that amount. The
farms and orchards have drawn CAPT
vestors, If our ascent would be a
success.
Manufacturing and Population.
This state has accomplished great
deal, most Of which, however, has
been transshipment transactions, both
to and from the East and from else
where. Shipping and commerce, har-
Dor development, irrigation, road
building, city building and improve
ment have all been powerful magnets
to attract capital from elsewhere to
add to the advantages of those al
ready operating here.
Investments.
That is the way our state has been
so magnificently developed in the
past, and be assured that is the way
it will be continued for many years
to come, if we are to progress. But
we must protect these investments.
WIo rn,,ct oot in tho f,t,,ro q q 1po h a y,o
in the past-as instruments seeking
necessary capital for our own good,
not with the fear of being imposed
upon, because we have need of invest
ments from abroad; not with the atti-
tude of the borrower who would de-
fraud his principal, but rather with
the attitude of far seeing business
men and institutions, who only take
the capital as a means to an end, and
that end the future and continued de-
velopment of the state.
Legislation.
When in the past we could not
progress without assistance from else
where we went to capitalistic centers
to ask for that assistance-not as
petitioners, but as business men with
something to offer. We made it profit
able for ourselves and our community,
as we'll as for the investors. We pro-
tected the investment as to principal,
interest and usufruct. But Of late the
attitude of some of our legislators
and would-be reformers has not been
entirely free from inimical legislation
to outside investment; rather as
though we could continue to progress
without such aid. Too often the case
is as Shakespeare put it: "Lowliness
is young Ambitions ladder where
unto he did ascend" Lowliness here
referred to might be represented by
the producer, the developer, who
needs above all things capital to
assist him in his projects. The CAPT.
tai is the rounds of the ladder where
unto he assembled to his present
heights of success. But how often by
legislation local and state, by propa-
ganda and by the intriguing methods
of cheap politicians, the beneficiary
of this capital turns to scorn the
base degrees" which gave him his
success.
But to continue the smile, we are
not yet at the top of the ladder, and
it will behoove US to still consider
more favorably the outside capital in
of imports and exports; and while
the figures show the Importance of
the customs district of Washington,
which is co-extensive with the state
boundaries, as second only in import
ance to that Of New York, still in
view Of the fact that the larger portion
was merely through shipments, there
is not a great deal of advantage other
than advertisement derived for the
state.
The state has already made great
progress >along that line. The latest
available government figures for the
state credits us with 4,918 establish
ments, with the value of finished
products approximating a billion dol
lars annually. This means a great
deal more than these two items would
Indicate on their face. 1t means in
the first place that there are about
$500, 100000 in that line Of activity an
nually. expended for wages, and that
about $24,000,000 are spent for rent
and taxes and half billion for raw
materials, and that the amount added
to the value. of the raw material is
nearly $4OO,OO0,Ooo.
| The figures also indicate that the
state within the last five years has
nearly doubled its manufacturing over
previous period Of five years, and il
that percentage were continued over
another five years period, our manu-
featuring interests would be Of such
proportion as to show our finished
product at couple Of billion dollars,
with other items increased proper
tionately. We would then rank high
among the manufacturing states Of
the Union.