Capital journal., July 23, 1920, Industrial Edition, Image 9

THE CAPITAL JOURNAE.
PITT-
PAGE NINE
Salem Building Expenditures Have Rapid; Growtfe
nrri'
Falls City
Salem Lumber Co.
Dealer in "Everything in Building
material." Paints, Oils, Builder's
Hardware, Cement, Plaster and Lime.
We have the following property for
sale. Will sell on good terms at reason
able prices: , .
Two Lots located at 2242 N. Liberty street, Riverview Park
Addition to Salem. $325.00 will take them.
' '
Partially burned residence and small barn. Good cement
basement under house. Fruit trees and berries.
I : $1100.00 will take it. . ;
Two Lots at corner of Wilson & Saginay sts. . Lots 50x100.
Cement walk. . Good location. Will sell one or both.
$1300.00 will take them.
One good six .room house with basement, nearly modern.
In Knob Hill Addition, corner Washington & Fir Sts.
In good condition. $4,500.
One Lot located near intersection of Smith St. and Fair
grounds Road. 50x100. $300.00.
One house containing seven or eight rooms, 1 and half
story located at 1340 Madison st. House lathed but
not plastered. A good buy for $1200.00. Easy terms.
One Lot 55x100. Corner 15th & Hines sts, Oak Lodge
addition to Salem. 155 lin. ft. of cement sidewalk. A
very good buy at $300.00. .
A good farm located one mile north of Independence, Polk
County, Oregon. Contains forty acres, more or less,
' free from all encumberances. $4500.00. Easy terms.
We have a farm in Sherman County containing 411 acres,
about 240 in cultivation, balance grass land. This we
will sell for $25.00 per acre on easy terms.
Two Lots in Simpson's Addition for sale cheap.
pne Lot in North Salem in MacDonald Fruit Tracts. ; Not
- "a bad buy at $2600. "i . ' ' ' :
Falls City Salem Lumber Co.
349 South 12th
PHONE 813
And Its Record For Bank Deposits Becomes
Increasingly Healthy and Pointo to Prosperity
How Salem's Bank1 Deposits Have Grown
CHART E Gives a Visual Measure of the progressive annual totals of Bank Deposits of this
city trom 1915 to 1919, inclusive. The comparative lenghts of those shaded lied give a ap-
proximate idea of how the Volume of General Business of Salem ha3 moved upward in the past
lour years. And, while the War Bulge is generally contracting, the Deposits more than keep
up to the high mark. 1
SALEM'S ANNUAL BANK DEPOSITS FROM 1915 TO 1919: .
Deposits for 1915 $4,473,756. r
Deposits for 1916 $5,154,762.
Deposits for 1917 $6,872,882. '
Deposits for 1918 $7,322,652. ' ,
Deposits for 1919 $8,995,549.
There are various definite Records which prove that Salem is on the forward move in construc
tion and business. ,:: . .
Many cities in America and other countries find they have made little progress since 1912-13. .
They now do as much, or apparently more, business than before the World War, but when pres
ent records are reduced to pre-war values, there is no evidence of any actual expansion.
Cities now do well to hold their records up to the best of the ante-war periods. Salem clings to the
most favorable level ever reached, and seems to be distinctly on the up-grade.
Building Investments Gain
. For instance refer to the evidence of the Building Permits between 1915 and 1919, and three and
one-hait months oi 1920. The yearly totals ol such investments have lined up as shown below:
For 1915 .... ...................'......;.....;.. $ 21,436
For 1916 ... 79,992
For 1917 95,200
For 1918 ; 296,200
- For 1919 .. : . 124,400
. , . For 1920, to April 14 . 181,100
It will be seen from these figures that even if the 1919 total of $124,400 were cut in two, one
half ($62,200) would be nearly three times the expenditures of 1915.
The normal total for 1918 was $46,200, but the two buildings for the biff paper mill now under
construction added $250,000, which shows how really extensive enterprises of a high class make the
reports mount upward and make towns do things.
And the first three months and fourteen days of 1920 represent investments of $181,100, more
than any annual total for any ordinary year since the records were kept.
Real Construction Has Begun
That is indivative of the fact that Salem has commenced to erect needed buildings in an ener
getic manner, and also shows that the paralysis following the war is passing, and construction is
likely to be considerable acclerated from this time forward.
Of course, one serious drawback has been, and is now, the shortage of various kinds of building
material. This impediment, coupled with the scarcity of skilled labor and delayed shipments,
makes building records of this year look very much better than the figures themselves indicate.
Bank Deposits Talk Business
One of the most reliable indexes of business movement and development is the course of Bank
Deposits. Salem's total for 1915 was $4,473,756, compared with $8,995,549 for 1919. Here refer
briefly to Chart E, with this article.
With allowance made for War Bulge, this city's financial status is still more than holding its own.
In 1915 and 1916 this country was bating its breath, in a monetary way, and there was less call for
investment funds than would have been the case in any normal period. The money tended to idle
ness in the banks.
Now money is coming into more active demand for legitimate enterprises and deposits are likely
to be somewhat drawn down for that and other good reasons.
KBSSBSB8B8B
Our Safety Deposit Department
' - '
am '' ' "' ' " "" ' H ii urn I
jjij( 5 .
2,. " 22 : J 7-' 1 !- 2 ---'2 2:t
V . '.. ' . " - l- - ' .--"(
A Car
Load of
Liberty
Sixes
I
We have just unloaded a carload of Liberty Sixes.
People are quick to recognize the attractiveness of the
LIBERTY. They are just as prompt to perceive a superior
difference in its construction, which is made plain by the
distinct and stiking character of its riding and drivng.
Come in today and see these cars. ! i i J' T
341 N. Commercial Street
Salem, Oregon
In our TISCO MANGANESE steel vault, the best vaulton the Pacific Coast, are the safety deposit boxes. These
boxes are locked by Yale Paracentric locks, the best locksmade, and it always takes two keys to open them, one key
Uin Passion of the attendant and the other of the owner.Neither can open the box alone. We have booths in which
the Conteits of the boxes can be examined in absolute privacy.
Conservative enough to be absolute-
ly safe Liberal enough to satisfy I
t
all reasonable people, j
Salem Bank of
Commerce
T TT3 -nTUv TO? Hr-
Establishec 1868