THiRD: SECTION I J" 5f Hx !- 'h-i i -V ' fCi? ft rt- f ; . . .
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SSVENTY-iSECONt) YEAR h ' H , , . . . 1 ,.; . ' ' ' '' i "
S -y ---------- u s . --. - ...... , , .. salem, Oregon march 1923 -- 1 .. -; v ' ; price: ten cents
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1 Plant of Oresoa Palp & . Paper company at Salem, with new
wing just finished at the reader's left. The pulp mill. In the rear,
to not Included In this -view. . j ' r ; - -
a Thomas Kajr -Woolen IHl8, where the fleeces of, Marlon and
Polk county sheep find their way Into garment of the choicest quality.
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Has More Jfcney in Banks Than Ever Before in Her History Residents Buy Own City's Bonds, in Red-hot Competi
tion with Outside Bidders--Money Becoming Active and Steady Business Growth Seen by Keen Financial Observers v
, There 1 more money on deposit
la the Salem banks at the present
time than erer before in the hla
tory of the community. 5 ( ;
.This indicates either prosperity
or distrust, aa one may riew the
moTements of money. Prosper!
ty, because the money is here.
and it is here In hard, cold cash;
distrust, in that -It la in the bank
instead of being out on the Job, In
factories, farms, industries.
: In general, howerer. . the com
munity is exceptionally prosper
ous, as considered along with oth
er . states, other localities ,. In the
ame - state. The schools hare
' been maintained - at a lower perj
. capita boad cost than in any other
first .class i district In the state.
That leayes more money In the
hands of the people. The federal
, Income tax roll last year shows
.1200 persons" in Salem who pay an
- Income tax; how much Is known
only to the tax gatherers; but
they pay, akcordlngx ta' the list
posted up in .the Salem post office.
For that many to hare a tax-paying
income. In a community of Sa
lem's size Is self erident pros-
It (s understood from the Sa
lem banks tbatwhile some feder
al bonds' are being onTerted into
cash, the general trend is to in
crease rather than ; decrease the.
holdings of gilt-edge,4 low-interest
and generally tax-free securities.
Approximately a million dollars'
worth of war stamps had been sold
In Salem and .Ticinlty during the
war. These matured the first of
January of this year, and the re
demption percentag e record
through the Salem oD'Ice is one
i.igsgi iix tuuuwi cask i
or, west: it is fullT double that of
many other . r communities and
tat ea. Some of this" federal pay
suent went back into the new short
time federal bonds, that sell in
tanHs of $25, $100 and $1.00.
But most of thii' money went in
to circulation, or into other bonds
not directly identified. -
The building situation in Salem
na : been fostered greatly during
. the past few months by the state
bonus law that - turned , loose a
huge sum for soldier home builds
lag. Because tho loans, are. being
made so rapidly. " there may not
be so many of them in the months
to come, and this line of resources
will not be as prominent as it has
been for the past .year... -7 ,
i Salem Canlc Deposits Tluge
. The heaVy Salem bank deposits
the Ladd & Bush bank, for In-
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AS HEALTHY ACTIVITY
million I dollars mere . than it had
a year ago, m spite of the general
ly, unprofitable , farming season
indicate a disinclination to invest
in permanent, big business. The
money is held subject to call; but
the owners are cautious, and the
right investment has not yet come
before them. , The dollars are per
haps eren-more than .cautious;
they act timidly, or eren coward
ly, and until , they gain courage,
there may continue to be heavy
deposits- and low interests and no
great building or Industrial prog
ress. ' - . ; r
Conditions are stabilizing, how
ever, so that the coming season
is expected to show a decided gain
In business investment. A num
ber of big business building in
vestments are In sight for the
year; some'; are already in prog
ress, like the A. H. Moore apart
ments and store building, the
Steeves-Moore-McCornack block
remodeling, the remodeling' of the
Derby office building, the Traglio
warehouse, and others that are
promised for this season. The
business portion of Salem is de
cidedly "overcrowded; . these ' of
fice and store expansions are nec
essary to accommodate the busi
ness heeds 1 of ,the . city. A pro
gram of business building is def
initely assured. .
V. at :is. believed, that the home
building boom, while not closed,
is destined to travel more moder
ately during the year to come. The
city is not at all over-built, but
the keen edge ot home tiunger has
been blunted, and there are al
most enough homes to meet the
present demand. While many
new residences are already, as-
-
ared, yet
the : number . Is quite
certain to fall well below that of
1922. : r;;;ii;,;i;VC.;i
t Home Folk Buy Salens Bonds
One ; pleasing ; indication of the
local financial condition, was the
sale of $150,000 municipal bonds
to a local Ibank in competition
with bond buyers from a number
6? the.i biggest houses outside, u
the iway from Portland to New
York." The local bank had local
customers who wanted to Invest
In - home -' securities, which were
known Jo be gilUedged ; Salem in
vestors' were able and willing to
outbid the bravest outside buyers.
The Willamette alley may be in
a state that sells its bigstate is
sue outside; but its' local" issues
are snapped, up quickly, enough,
by home 1 folka -whor- best know
their values. 4 No finer tribute
f
than that Its'" own people buy .its
bonds at the highest competitive
price. ; .
Cannery Extensions Coming , r
Plans for the extension of. prac
tically , every -cannery in the city,
this year, indicate the trend of
Salem industry.' More and . more
this is ' becoming ah . industrial
city; the old days of. clerical de
pendence on the state capital and
its institutions are utterly gone.
The labor payrolls dwarf into sig
nificance the . whole official sal
ary roll, however ; big the inM
politicians may.-make It , or -the
"out" politicians may claim . it to
be. ., The canneries employed close
to 2000 people at one time, in the
peak of last season; and fully
1000, and i perhaps f even, more,
were at the same time working in
the orchards and fields, .growing
or gathering the fruit, handled in
Salem. . While a much-j of this, is
seasonal work, .ithe. aggregate
wages runs .into a vast sum that
insures prosperity' to thousands of
homes.
Longer Canning Season "
The development of the dehy
dration process, and the small un
it, packing of prunes and ) dried
berries . and cherries mean a far
longer fruit season than, was pos
sible in the straight canneries.
This development is a certainty,
and some of it will "tome this
year. . The ... prediction . has .been
made that within 10 years fully
90 per cent ot all tha prunes sold
from the Pacific coast f will ; be
packed in cartons. . As the Ore
gon Growers alone handled' more
than 20,000,000 pounds of 'prunes
this year, and only ; about .5 per
cent of these went -Into cartons,
from the Forest Grove plant. lit
mav .be seen -r what , an .Immense
field the carton-fruit- industry of
fers:: Some of this 1 field will be
covered by the plant extensions
this year; .and the wage increase
wfllfbe a gteat factor in community-prosperity.
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J In general, lntefest rates are
bound to riser with the i resump
tion of normal business activity
that' calls for permanent invest
ments. S Only the gilt-edged, easi
ly negotiable securities, 'such as
federal, state and municipal
bonds, are readily marketable at
the present tinted It " is ; not. the
most healthful business condition;
for thrift is not necessarily "say
ing" money and refusing to let it
do V its .proper . task . of . buildln g up
a community. It is like a football
ziz? i jEimw . es ?"
yJROUP- of Payroll Institutions of the. Greater
Salem District, representative of its diver
sified industries; which turn into the finish
ed products the output of Mariorvand Polk coun-
ty farm, ranch arid forest. ' -
The Greater Salem District's lumber, paper,
woolen, meat packing and flour manufacturing
plants play , a tremendous part in assuring its
continual prosperity. j v -
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3 Val Iry Packing Company plant, home-of tho famous Cascade
i Krand of Hams, Ytaconaiid IjarcU This Institution Is a boon to the
Mwknien and farmejrs of. the (Jreater Halem Itstrirttifl that it affords
a market for" their produce, thereby eliminating the waste and incou
venlence. Incident to long distance slapping. The hjgh quality of this'
plants output insures a ready sale, the firm's problem being not one
of selling Its goods but of buying 'enough animals jto supply the
', demand.' - .
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the little fellows' of. the' team , are
getting battered and beaten in an
unequal - struggle with .a heavier
team, when he could turn the tide
ot battle ; it is ; like a powerful
swimmer-sitting on the bank and
watching a cripple try to save a
drowning , child. ; This sort of
thrift saves - only j itself Hit does
not build a community. :. : ..'. ' -'
Fortunately ; for Salem, " .this
thrifty conservatism is passing.' In
dustrial progress is in sight for
the coming year;-no plunging, not
(Continued on Page- 6) "
CHAMBER WORKS
By J. C. PERRY, President
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Many things fir a 'greater Salem have been accomplished
this past year, through the efforts of the Chamber of Com
.. merce, which has been headquarters for meetings of. civic
bodies almost every day and evening of the year. p ;
One movement which was inaugurated by the Chamber of
Commerce and which will be of great value to the city. is the
opening of j Capitol strjeet north, -leading-: to the fairgrounds
road and opening up a valuable addition for homes. in the city,
to be known as the Highway addition. Through'the efforts of
a committee appointed to look into the situation, the street
i i3 now opened and will be paved this coming spring.
A committee has been appointed to formulate plans for a
city beautiful. This, committee will confer with reliable land
scape artists, and during the year a scheme of planting will
be suggested by which the streets and public highways of the
y city will present a. general uniform appearance In" shrubbery
' and flowers. "Vi . . r l,-:..:: '
The Chamber of Commerce was a potent influence la bring
ing to pass Salem's recent authorisation of .the $500,000 bond
issue for the betterment of the present crowded condition in
the public schools by the erection of hew buildings; At the
inception of the.. movement jthe Chamber appointed a commit-":
tee" consisting of Elmo S: Whie, chairman. Col. E. ,Hofer and
f William E.: Wilson, to conferwith the school board ahd to
champion te .bond issue following the -action of-the, board-in
calling the electloh.' If is very gratifying to know that Salem
sanctioned the issue by a large majority and that she thereby
has availed, herself 'of the opportunity to keep her school- sys
' tern abreast of the demands ot her rapidly Increasing popula
; tionA '".v .'.'".'' '.- l:-yr: :'r-::--: ' -;
The Chamber of Commerce is lending its" Influence towards
efforts to be made by the Marion county community federation
by which every" commuctty in' the county may be represented
. when action need be taken that Marion county act as a unit.
,The traffic department of the Chamber of Commerce has
! quietly been doing great work tn its endeavors to secure lower '
? freight rates tor; Salem-that It; Is hoped will eventually place
r our rate for distant shipments on a par with Portland and'other'-
sea-port cities. This : is especially' important since Salem is
l becoming the cahnlngl center :of the northwest' - '
- Through efforts of members of the' Chamber ot Commerce
: efforts are to be made to create throughout this Willamette
! district a more friendly feeling -towards Salem. '
To call especial attention to. Salem as an educational, center
I and a beautiful city, of homes, the Chamber ot Commerce will
' issue this yeaj a sew booklet, stating in addition to Its beauties
as a home city, its great industrial advantages as the canning'
od 'fruit Center orth northwest, - -- - - i ;
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MARION
Second Only to Multnomah in Scope, and Volume of Manufacturing Timber, Paper, Woolen Goods, .Canned Frr-ts
? arid Vegetables, Flour and Cereals, Foundry Products, Building Materials Are Listed Among Chief Articles Prod uce d
; With widely diversified Indus -
tries, whose payrolls aggregate
more thin $10,000,000 annually,
tha mannfaCtarin interests onagricuuurai pursuns anu uwi
Marlon county are taking on an
Importance that Is attracting
wide-spread attention.- - During
thf past decade, the county has
ceased to be known enurely aa
an agricultural community al
though farming, horticulture,
dairying' , and poultry : farming
still maintain a position of lead
ershipand is rapidly taking on
an- industrial development. The
FOR BIGGER SALEM
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ECOND IN PAY
; larger cities and towns-are fast
annexing payrolls that go far . m
supplemedtfng the incomes from
give employment to thousands of
people In the aggregate. . '
V Salem, , for instance, - with a
multiplicity of manufacturing
plants and with " an annual pay
roll of . approximately eight and
one-half millions of .dollars,' is; a
noteworthy example. - Sdverton,
the site of the two largest lum
ber mills of the Willamette val
ley, one ' of which is among the
three or four-leaders of the en
tire Paeiflc Northwest, Is a won
derful payroll city. In fact, the
two, for : their respective sizes.
are attracting " attention as the
two 1 communities of the' Pacific
coast that stand out predominate
ly? as manufacturing centers. And
there is hardly a town or com
munity within, the county .which
does not : boast of at least one,
and in many cases of several1,
manufacturing plants,
i It is doubtful ; : whether" the
most enthusiastic Marion county
booster .of a dozen years ago
would . have believed the indus
trial development that has come
about in the past decade, or; a lit
tle more possible.' If some proph
et had told, him in 1909. that by
1919 the county would be manu
facturing articles to the value of
$10,000,000 annually and that by
the year 1922 the value of this
output would approximate the
$20,000,000. mark, he would no
doubt,' have considered, his infor
mant a visionary. , And yet such
has been the record. ' The open
ing up of the timber Industry and
the. development of agricultural
and horticultural pursuits, which
has taken place largely within
the seven years, are the two caus
er or this industrial a wagemng.
In 1909, according to the Unit
ed States census, the value of all
products manufactured in Marion
county. was $2,208,031. In 19li
it' had mounted : slowly to $2,
845.844. But in the next five the
value more than, trebled, the gov,
ernment's tfigures for 1919 being
$9,435,070, It: was during this
period; that the horticultural de
velopment gained headway, bring
ing the large cannery industries
here; and outside capital, looking
to the virgin forests, "erected
large sawmills n the county. .
r But tremendous as this devel
opment .was,ilt doesnot match
the more recent record which has
been written since the . war. ' The
iaisfJillipi2aiEBial&..
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4 The Chan. K-. Spaulding Jigging Company , plant at Salem, one
of the Important: factors In the Marion and Polk county lumber In
dustry. -The company operate another mill at Newberg.
5 Cherry City Jlilling company's flour milL where the famous
Cherro Hour is made, and sold to both domestic and export trado.
-a
Paper . company to Salem, the
building of more canneries and
the enlargement of ; the early
plants so quickened the industrial
pulse of the county that in 192,1
the . payroll - of 'r. the county was
almost as much in dollars and
cents as was the manufactured
products value in 1919. Surveys
made in " September, 1921,
brought out the . fact ,, that the
annual payroll jh Salem alone
was $7,000,000. Estimates since
that time are to the effect that
this has been increased about
20 per cent.
Marlon '" county ranks second,
today, in the list of Oregon
counties, in ' the value of -manufactured
articles, being exceeded
only by Multnomah county. Be
cause of its larger size and Its
strategic location on main rail
road lines and on the Willamette
river, Salem has the larger divers
ity of , Interests, although it has
no single concern of the size of the
Silver Falls Timber company of
Silrerton. Her lndistrials are.
ac varied as the raw materials
that are produced within her .area.
A sawmill and paper mill, both
large concerns, utilize the fir and
spruce of the Cascade and Coast
Range watersheds to tha east and
west by making them Into finish
ed lumber and paper. Canneries,
one oX them the largest of its
kind in the world, and: many of
them units of concerns having a
national and even - international
distribution, process the fruits and
vegetables for the consumer's use.
Flour mills and commercial bak
eries grind into flour and con
vert into bread the grain products
ot the " valley's ' farms; a woolen
mill manufactures Into cloth its
raw wool, while a large packing
plant gives a ready market to the
growers of livestock -of all kinds.
Creameries, and cheese factories
convert into butter and - cheese
the products ot the many ? fine
dairy herds which have brought
fame to the county.
Eleven "flour ; mills " are busily
engaged the year through in Mar
Ion county, two of them, the larg
est in point " of output; manufac
ture , for .domestic consumption
ndt for ; the '.export trade, the;
Fisher Flour, mill at Silverton
and the Cherry City Milling com
pany at Salem.'' .. Silverton has. a
cecond mll. Stay ton hat Jvo,
Turner , two and . Monitor, Wood-
burn. Jtifferson and "Sidney; have
one each. The capacities ot these
mills range from 50 barrels dally
ROLLC
: -Four .large sawmills, besides a
score of smaller, ones, give occu
pation to thousands ot "work tie a
and distribute -several millions cf
dollars annually. Of these- Sil
verton has two, the Silver Falls
Timber company and the SUverton.
Lumber- company; Salem has one,
the Chas. K. Spaulding Less!.'-::
company and Stayton one, tta
Brown & Pettel Lumber -company.
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The Thomas Kay Woolen i Mills
at Salem and the Santlam Woolen
Mills company at Stayton are im
portant , units in the county's in
dustrials.. The former employs
several hundred hands and has a
tig output every year, while the
latter, employing about 60 mea
and women, works the year round
supplying a few of. the large dis
tributing drygoods houses of the
nation with woolen blankets. Of
such a high grade are the pro
ducts of these two concerns that
their output Is always contract
ed for, in advance.
Salem now has six canneries
and this season will have a eev-
enth in operation. There are t"o
at Woodburn, the Graves Cannls
company and the Willamette Can
nery,' Inc.; Stayton has one and
Silverton one. ' '.
Of late years, the manufacture
of machinery and of foundry pro
ducts has assumed large propor
tions. The Salem 4 Iron' Works,
besides doing general' iounry
work in iron and brass, manu
factures centrifugal ' pumps ftr
Irrigation," and prune drier stoves -andovens.
The Silverton Elow
pipe company makes a superior
kind of blowpipe for sawmills
and manufactures a type of furn
ace that is 'meeting with a tre
mendous demand. Both of tbe?
concerns have tremendoua lay
rolls and are large assets to the 'r
respective communities. Tfce E Ti
verton foundry, besides, doe a
big , business in logging icecno
tite repairs and la general t'otia-
dry" work. ,
Because of its location on the
bank of the Willamette river and
of the Impetus given to the ooi
roads movement .during ".the res
ent past, there has grown up In
Salem , several thriving gravel
plants. These take from tha I'M
of the river a coarse gravel which
is used on, all the primary etats
highways and county roads. Th
Oregon Gravel company a r, I f
Salem . Sand & Gravel cor - -do
big volumes of buslnec r
ally. ' Marion county, tec, i ,
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