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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (June 9, 1921)
THE OREGON STATESMAN, SALEM. OREGON PRICES OF LAND ARE LOWER IN SALEM DISTRICT, COMPARED WITH AjflY OTHER OU1N1KY U1N fcAKTH. TAKING INTO CONSIDFR ATtnw Donm VALUES 1 OTICU er a Ml Willi LTU1 m KNOWS IMT HE IS PON T. MUG T Fruit Land Values Are Lower in, the Willamette Valley Than in Any Other Equally Favored Fruit Section, Granting for the Sake of Argument That There Are Equally Favored Sections, Says Knight Pearcy, Expert Horticulturist. cation make for value, and yet. with all these, good farm can be had well improved at 1125 to 150 an acre, and orchards at $5U to $7 50 an acre. Loganberry tracts have cleared as high as $350 an acre above all expense of cultivation, training ines and picking of the crop. Stating it fairly, these rteurns were exceptional; but people who have the capital to purchase can do well here and live comfortably. (The following article. by talght Pearcy. la a notable one. isd worthy of especial attention at this particular time, by all of ear own people, aa well as by intending investors everywhere. Knight Pearcy is an expert hor tknltnrist. He is a member of th firm of Pearcy Bros., with offices in the Oregon building, la Salem, who buy and take thart of and develop walnut and filbert and fruit lands for outside Investors and for home people. They are graduates of the Ore roa Agricultural College and have cimm in their chosen field to warrant their further and larger operations, one or. the things they should be commissioned to lo now is me piating oi a ooay of filbert trees of at least 100 teres, la order to further clinch the Salem district as the leading filbert district in the United gates. It already lias that title, ind 100-acres more in one body would make the title secure Tor 11 time.--Ed.) our fruit properties were over price. This year many growers find jthemselveg between the dev il and the deep blue sea and in many cases are offering to 'sell out at prices away below value. Overvalued lands will fall in pricejjln some cases, but the gen eral average of our fruit lands will never again be aa cheap as today. While values will rise and fall and then rise and fall again, a study of these fluctua tions! will show that each low level is higher than the previous one. ana this condition will con tinue! as our land becomes settled up and as the available area of fruit lands is developed. As to Loganberries Our berry growers are worry ing because of this year's reaction in prices. The loganberry men took off profit enough last year to pay a very high rate of inter est on $1000 per acre valuations for a three year period even though the berries this year and next should rot on the vines. Tem porary conditions like a price de pression of a single year should not drive investors to cover or send them to western Mexico for investments. KNIGHT PEARCV, Salem. Ore., June 7, 1921. mm Ed.for Statesman: Fruit land values are lower in the Willamette valley than lor any other equally favored fruit sec Hon granting for the sake of argament that there are equally favored sections in America. Co aorta in the great Washington fruit sections of Wenatchee, Yakima or Puyallup or go south Into the Umpqua and Rogue river lections of 4his state or into Cal ifornia or into the Colorado fruit tections and the price per acre tor fruit lands will be found to k so much higher that the atran ter will wonder whether It can sot be that something Is wrong with our lands to cause them to be priced so much below those of other producing sections. . We have all heard some wise arty assert that no land is worth fZOO per acre lor farming pur poses. lh a genera) way. farm land should be valued for what It can produce, provided that the erops best adapted to the land In question iare grown on It. Beaver dam land has long been valued at $1,000 per acre in the onion tectioas' such, as Sherwood, in Wuhlnrinn ' fnnnly 'This am Atnd might be worth $100 per acre for growing hay. but It is auily worth $1,000 for onions or celery or suchv crops. Of coarse other considerations inter into making the value of t farm property. The home value if a tract must be given a cash rune. A fine view or a grove of trees or proximity to school. church, town or good roads influ ence the value. If the trice that one can pay for land is related to the value of the crops that can be taken from the land it ia ot Interest to leant what the various crops till yield. Filbert Promising Crop Filberts are one of the most promising; - crops grown In this region. ."A grower at WJlsonrille raised $000 pounds per acre from tea year old trees. The crop brought SSe per pound. Discount war prices and figure the returns ea a basis of . 15c per pound, a Price lower than baa ever been known t for Oregon grown nuts. u4 the returns are 1 4 SO per Mrs. Allow $100 for cost of pro lacing , the . crop. Then . remem ber that, at ten years of age the tUbert la only commencing to bear well, that it will continue to increase in production for a num ber of .years. It will cost $175 te $200 per acre to bring the filbert trove into bearing. "Will tot raw land suited to the culture of filberts, well located for a home site and on good road and jot too far from town which can be brought into bearing for $200 r acre and which will bring in M per acre net the tenth year rnWftoVthii land be worth at "Ut 1200 per acre? We believe that inch lan4 l- at least. rood 0 .Investment aa timber claime watch, the buyer buys unsight and Ba,' or as lands in western Hesko. which seem to be attract g aiors or less local capital. Bl Never Be Aa Cheap .The price of lands fluctuates ttst ai. does the price ot other eommodltles. Last year many of E 1LEY GARDEN SPOT OF WORLD. SALEM DITTO OF VALLEY Land Here, Considering Productiveness, Climate and Our High Standard of Civilization, is Cheaper Than Any Other Place in the World. Editor Statesman: Western Oregon, and especially the Willamette valley, is the gar den fpot of the world and the country surrounding Salem, and adjacent thereto, ia the garden spot jpf the valley. Land here, when you consider productiveness, climate and the advantages of our high atandard of civilization, is cheaper than any other place in the world. It comes nearer sup plying! the daily demands of hu man needs, in what we eat, drink and wear, than any other spot on the globe, and It does it every year Hot one year of feast and three 1 j years of famine as in many! part a of the world. We know I very little of crop failure in the Willamette valley. I am perfectly familiar-wUh the--productiveness of the central states, having spent 4$ years of my life in the grand old state of Iowa, land bavins traveled over the greater part of the Mississippi valley and a great deal of Canada in the interest of real estate. I know whereof I speak when I say that land is cheaper here according to its real productlre value than in any other part of the United States or Canada. A roan cannot till as large an acre age here as he can in the central states or Canada, and therefore cannot make quite as much money in a single year as they sometimes do there, but he can produce al that he and his family need in the way of necessities, comforts r.nd even luxuries, and at the same time enjoy living in one of the finest climates and most beautiful places to be found any where. Joseph Barber. Salem, June 7, 1921. II NUMBER OF TKS TIT MAKE FOB P0TM1L VALUE OF OUR LID escaping the many unpleasant cli matic features of the middle wet country. We practically have but one in the Willamette valley, as against al these, and we can afford to ad mit the fact. We live but once on this earth, and after ten years in the Wil lamette valley, it still looks good WILLIAM FLEMIN'Q, Salem, Ore., June 6, 1921. BETTER LAND FOB LESS MONEY IS T ffi IE TO OFFEB INVESTORS M Arthur E. Petersen Compares Prices of and Returns on Our Lands With Those Asked and Received For Lands in Washington and CaliforniaComparisons Are Favorable to Salem District. Editor Statesman: Land prices surrounding Salem are cheap in comparison with lands offered in California or the berry district of Washington. I went over lemon, orange and walnut groves in California. The prices asked ranged from $750 per acre to $2000. Close investi gation showed the lemon and orange groves, during pre-war times, earned about $80 per acre; this was the average. The wal nut groves about $145. These lands require great care and must be irrigated. Washington orchard land sells from $600 to $1500 per acre. These are apple, peach, plum and berry lands. Some of these orch ards are very good and heavy producers, and pay well. But in the Willamette valley. in the neighborhood of Salem, you can bay land in a high state of cultivation from $175 to $1200 per acre. The large holdings cheaper, a small tract being high er on account of the improve ments. Loganberries will average about three tons to the acre; at a 5 -cent per pound price about $225 per acre. Strawberries about the same. Prune, apple and cherry orchards are being sold from $250 to. $600. They have averaged big interest returns on these prices lor years. Diversified farm lands sell from $125 to $200, depending on lo cality and improvements, and are by far above the other states in produ ction and earning on the average acreage. w . . . i-respecuve Dome seekers are certainly offered better and cheap er lands here than in any other Pacific coast district. Farms in this district have a wide range for diversified farming, climate favoring the many general crops. Making big interest of valley farms is only a matter of intelli gent farming, as we have never recorded a complete failure of crops, so it is a matter of which you are only limited by yonr own effort, with the valley, in my Judgment, offering lands that should appeal to the farmer or investor. Arthur E. Peterson. Salem, Or., June 4, 1921. LOST FISHING SCHOONER ESPERANTO. fZ . ::, Z, i iv ' jr r-f k f- - v"A7 " y -z: - ' VIS- : fhe famous prixe-winnlnar crft Eaperanto, victor lir' the 'lntenuttSonal schooner race for (be Hsltfai - trophy, which foundered off Sable Island, with a crew of twenty-five mtn, the majority of Whoa beri of the winning crew. The veasH w luadwi trw -Jt flh when It. foundered. II William Fleming Says That, After a Residence Here of Ten Years, the Salem District Still Looks Good to Him; Notwithstanding One Unpleasant Feature, Which We Can Afford to Admit. THE SALEM DUCT WAS CHOSEN AFTER A THOROUGH RATI And There Has Been No Reason to Make These People Think a Mistake Was MadeThere Are Also Many Things to Be Done That Will Tend to fncrease Land Values Here. i.. Editor! Statesman : You! will remember the story of the editored man who was asked ' by his white brother If he could ebangelja $50 bill, and who ans wered jjf 'No. boss. I can't do it, but I than Its yon for the compliment." Perhaps I had better stop here than undertake to show that the land of this district of the Willam ette valley is "cheaper than any where else in the world in pro portion to its potential value." Thejjworld is considerable of a field, tj$ say the least, evea If we may b Inclined to think it small because we can get around it so much quicker now on account of the great improvements in travel ing. Si We fan safely eliminate the Eu ropean countries from comparison, I believe. But there is other land like that of Mexjco. Argentina. Canada, Si beria, ind other lands, and some of ourfown United States, where lands are cheap to very cheap. However, this ia on the surface view; when we get down to the potentialities and deeper, there are things that go to make value even wjth greater price tags. The jnses the land can be put to. the great diversity of crops" and the returns from them, as witness the slogans ot The Statesman of the past year (over fifty of them) are a good illustration. I am limited in knowledge. admit, but I know not where so great a variety of crops, horticul tural and agricultural, can be pro duced as In the Willamette valley, of which Salem is the center. I should have said successfully produced, and in a practical ex tent. This makes for potentiality, and potentiality makes for value. The certainity of our agricultu ral crops, and the great freedom from crop failures, is a notable point that goes to make value. The remoteness of serious dam age to our orchards from violent cold storms, as wide apart as 50 years according to yet living au thoritles, makes for value. The climatle conditions afford ing comfort in the pursuit of ag ricultural and horticultural avo- Several years ago ftefore mak ing any investment in lands in the Salem district, or the Wil lamette valley, the men with whom I waa associated authorized the expenditure of considerable money In having investigation made of the central west and the Pacific coast, as well aa investi gations made of the productive ness of the soil, quality of fruit. and possibility of increase in land values. Men who were experienced- in this line of investigation were selected and all the fruit districts west of the Mississippi were investigated carefully, and it was found that no place offered the opportunities that were of fered in the Willamette valley, and especially in the Salem dis trict. For that reason, several hundred acres of land were pur chased and thousands of dollars invested in its purchase and de velopment. Several years of experience and observation have convinced us that no mistake was made in our selection, and today we are mor thoroughly convinced than ever that as a whole lands are cheaper. considering adaptability, tranapor tation. climate and all things that go to make for profit on land. than in any other section which we investigated. During the past four years I have had opportunity to inspect about 300 farms within a radius of 75 miles of Salem, covering a wide range of soil and diversity of crop, as well as opportunity to gather statistics showing farm in come per farm on these different farms, and. judging from the in comes of those farms and the values at which they are held by the owners, I am certain that no district could show better aver age incomes per acre, or per farm unit, and our section has not yet anywhere near reached its height of development, because better marketing facilities, cold storage plants and more ocean shipments to reduce cost of freight and transportation, are all going to tend to increase the farm income which, in turn, adds to the value of the farm. ) No sectlou successfully raises a wider diversity of crops than this section. This, combined witn ideal climatic conditions, makes certain that moner Invested in carefully selected lands is not on ly safe, but the investor has spe cial reasons for believing that he can safely count on an Increase in value and rood returns on the investment. A. C. Bohrnstedt. Salem, Ore., June 6, 1921. DATES OF SLOGANS IN DAILY STATESMAN (In Twice-a-Week Statesman Followin Day) ii Drugj garden. May S. Sugar beets. May IS. Sorghum, May 19. Cabbage, May 26. Poultry and Pet Stock, Jane 2. Land. Jnn 9. Dehydration, Jane 18. f Inn.: Tun. 92 Wholesale and Jobbing, Jane Wuberries, Oct T. M. Oct. 14. drying, Oct. 21. "i. Oct, 28. filberts, Nov. 4. fihnti, Nov. 11. trawberrles, Nov. IS. JWlta, Nov. 6. MPberrli, Dec. 1. Mlat. Dee. 9. 2 ows, Dec. 16. "jwkberrles, Dec. . "rriea, Dec. 30. mrs, j1B. $. 1921. H. 00'b6rcles nd Currants, Jan. Jan. 20. nr. Jan. 27. Spinach. Feb. 3. Oniou, reb. 10. Potatoea, Feb. 17. P. March S. gt. March 10. Beans, March 17. ved highways, March 24. f "OS. April 7. legumes, April 14. Grape v April 2I., 30. Cucumbers, July 7. Hogs; July 14. City I Beautiful, flowers and bulbs. July 21. Schools, July 28. Sheep, Aug. 4. National Advertising, Aug. 11. Seed. Aug. 18. Livestock, Aug. 25. Automotive Industry, Sept. 1. Grain and Grain Products, Sept.!! 8. Manufacturing. Sept. IS. Woodworking and other things, Sept. 2. ,Papef Mill, Sept, 29. (flack copies of Salem Slogan edltiona of The Dail Oregon Statesman are on hand; They are for sale at lOe eat), mailed to aajr a44resa.) - - - - -r, . IS LAI CHEAP? J. A. MILLS ASKS ID HE ALSO f SWERS THAT QUESTION He Gives Some Concrete Examples and Says Our High est Priced Land is Cheap in Comparison With Any Other Place Throughout the Farming States of the United States. Editor Statesman: Some individuals, when they talk about land, seem to think only in terms of the highest price they have heard. They base all their argument at the top. Ther3 is always a happy medium, (or Instance, if you were Interested In buying a farm, and 200 acres within six miles ot Salem were offered you at $90 per acre, would you say It was high? Yet this place ia a fact. More than hall In cultivation; a lot of good tim ber; near market; running stream and spring on the- place, with a good rock road. Or a place ot 127 acres, a splendid place for a dairy, six miles out; has running water, barns and a small house. This is yours at $75 per acre. Or would you like a amall tract of 10 acre .wltb seven acres In bearing prunes, a house, barn and well. $3300. These all are real places. Not long since a tourist from California came up through Ore gon, and in conversation said. "What's the matter with your land tip here?" A few question brought out the fact that it was offereu for so much less money per acre than California lands that he thought there must be a poor lot of land in Orecon. Land values in Oregon depend on several conditions: location, soil, development and improve ments. The better the conditions the higher will be the price, and yet in Marion county and Salem vicinity, the highest priced Und cheap In comparison with any oth er place throughout the farming states of the United States. J. A. Mills. -Salem, Ore., Jane 8, 1921. Financial Statement Made by Commissioners A financial statement iisued yesterday by the state industrial accident commission shows assets of $4,886,136.34. The statement follows: Assets: On deposit with state treasurer invested in bonds. I 514 273.74; cash. $263,009.12; total deposited with state treasur er. $4,777,282.86; cash in bank. $53,136.76; cash on hand. I? 78S.39; total ledger assets. $4 838.208.01; premiums in course of collection, $47,929.33; total all assets. $4,886,137.34. Liabilities: Reserve catastrop- phe fund. $100,000.00; resrve re habitation fund. $151.548. 8; claim reserves set aside, $2,774. 878.53; amount to be set aside to bring sesreaated fund up to necessary reouirements to June 30. 1919. $3,225 36; reserve n cessary to meet claim payments covered by outstanding final set tlement vouchers, $2,418.60; un nald court costs, Jacobsen case, $850.50; reserve based on actual experience to take care of pending claims. $743,461.33: reserve per manent partial disability n t over 24 months. $78,861.27; unearned premiums. $20,902.14; unclaimed warrants cancelled. $5,206.99; tin- paid bills as of May 31. 1921. $. nnnaid medical aid re funds. 1784.40: unpaid dividends $73,918.18; surplus as required by section 6624. $30".tuu.uu : unas signed surplus. $620,962.00; total liabilities ana surplus, ,bo. 137.34. Moses Ve frive little I key two Quarters every veek for pocket moner. Cohen Dat vo a lot of money every veek. Moses. Moses Ah. veil. It pleases Mm Ve let 'im put It in de money-tn de-slot gas-meter; he thinks it's a money box. . - Thousands of ! Pairs of Shoes Going out Day at the Each PRICE SHOEdO'S JUNE SHO SMI 1 J f U'll J II A ".' 1' & I ! -! lit. ' T I . ,'1 -W d 'i '! I -flv'Uvv ec . i. t. ii "-. . . New Shoes Arriving Each Day lot This .Greaty,.; . . . Shoe Sale. New Arrivals 'Are ; ; GRAY BUCK PUMPS in both turns and wets frith straps, others get $12 to $15. Our price..:...,..: .L .,.$6.95 WHITE REINSKIN PUMPS with straps, all sizes and widths, the new low Cuban heels, regular $10 grades go at $6.95 WHITE KID PUMPS, the new fall style white kid pumps, in all tiles, just in time for graduation, a genuine $12 pump in the highest grade kid, go at .... ....$8.95 All our men's shoes, both low and high, go at exact wholesale cost If you need shoes do not miss this great opportunity. Work shoes arrived today and go on sale at an extremely low price. ' . Everything in the house on sale excepting Hanan shoes Every Wednesday is Rubber Heel Day. SOc heels ..r put on for 25c )i i 1 V THE PRICE SHOE CQ flaui&Mi ScferSaws fwraaas ftuBaiOd E7 ft sr. .326 Site &-rtotoUfcdCiA feaasBadi ' vujth&o i fMAfftaaw : it : .4 1 i - i "A -1 f i ( f h'l n -. ii . -1 -1 yi