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
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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
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f- - v"A7
" y -z:
-
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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
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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
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