Capital journal., July 28, 1925, SALEM SURVEY EDITION, Image 3

THE CAPITAL JOURNAL, SALEM, OREGON
PAGE THREE
Salem's General Business Gains Steadily Over Previous Years
TUESDAY, JULY 28, 1925.
United States
National Bank
Salem, Oregon
RETROSPECT:
Salem, 1904:
City In tho mud. Not a block of paved streets In
sight, Many other evidences o indifference aa to
looks and sanitation observable. Population 6,000.
United States National Bank, 1904:
Occupied 1,200 square feet of space, Pine counters
and fixtures in accord therewith. Assets $G5,000.
Salem, 1925:
The City Beautiful! Fifty miles of paved and well
kept etreets. Many lovely parks, hundreds of modern, .
up-to-date Homes with their velvety-looking lawns.
Everywhere evidences of good taste, thrift and
prosperity. Population 25,000.
United States National Bank, 1925:
Occupying (soiid) 6,700 squaro feet of space: to bo
furnished throughout with plcaslng-to-the-oye, artis
tic fui'nlslilnKH and tlme-saviiiR devices that will
Insure its customers prompt and satisfactory Bervlce.
Assets $3,000,000.00.
FORECAST:
Great as has been the growth and progress of both city
and bank during these past years, yet It Is possible to
believo that this growth is as but the twilight before the
dawn. Salem is on tho eve of yet better days. We as a
bank, are preparing to meet these future days and the
demands that we hope will be made upon us.
Thus prepared, we solicit tho opportunity of serving
you along banking Uses.
North Commercial St.
Telephone 1355
PRODUCERS
CO-OPERATIVE
PACKING CO.
(Owned and Operated by Fruit Growers)
Canners, Evaporators, Packers and
Shippers of Oregon Fruits
Plant at Salem, Oregon
OUR LABELS
Royal Purple
Kwality Kind
Liberal
Our Motto
Quality Pack
Our Aim
Perfection
OUR LEADERS
Royal Purple Prunes
Strawberries
Cherries
Loganberries
Blackberries
Gooseberries
Raspberries
Pears
HARMONIOUS
COOPERATION
Is the One Great Principle and Practice that Will
Give Justice to the Farm Producers, Who Do Most of
the Hard Work and Take 90 Per Cent of the
Business Risk.
By that Policy, this Growers' Com
pany Packed and successfully
marketed 1,360,404 Pounds of high
grade Fruits during the season of
1924, to . the Marked Advantage of
Both Farmers and Consumers.
Intelligent Cooperation Is the Key to the
General Prosperity.
FRANK GIBSON, Secretary
Based On Official Bank Records Proof of Such
Actual Growth Is Demonstrated In This Article
The City's Combined Bank Deposits On June 30 This Year Exceeded the Total for the High
. Inflation Year of 1919 by $441,575.80 or 5.39 Per Cent and the Increase, for the Past 9
Years Has Been $4,973,368.80, or at a Percentage Rate of 111.91.
By RICHARD L. ROWE
Salem's Big Gain of Bank Deposits in 9 Years
i
CHART
The SHADED LINES of This Chart Show the Relative Totals of Deposits
of All Banks of This City for the Dates specified. The 1925 Total Is. For
the Official Call of June 30 with Six More Months of This Year to Make
Additional Increase. The Amount of Deposits Gained in the 9'2 Years
Was $4,973,308.80, or at the Rate of 111.91 Per Cent, an Average of 12.09
Per Cent Yearly. In the 52 Years from 1919 to June 30, 1925, the
Expansion Was $441,575.80, or at an Apparent 5.39 Per Centum Rate.
The Chart Lines Measure Salem's Total Deposits for
1925 (to June 30) $9,437,124.80
nfinmiBw-irT-wi T TWWftWnTHTiftY Pff? mTBtl TIT fclil i f I li II M Iff nr 11 lrtirflif TT 'ii frill rfiir fflnii mWi'rtri i'I J
1919 $8,995,549
1918 $7,322,652
1917 $6,872,882
1916 $5,154,762
....
1915 $4,473,756 These Chart Lines are II
F?!"f5!"5$?i,3&r Drawn Carefully to
RPi!f;t Scale
This Nation and the World is Very Anxious to Really KNOW whether the Financial Conditions so Distorted
by the Great War are Making Any Improvement Worth While. There has been so much Distress, especially
with the Farmers, that it requires more than checrup talk to receive respectful attention. The arbitrary
Deflation of 1920, the Prostrated Markets for Farm Products, the Uncertainties in Europe, the High Taxes,
Combined to Spread Blue Skepticism So Thick that it wont dispel until Brighter Restoration is Visible Beyond
Any Reasonable Doubt. What Is the Truth at This Time?
The United States has surely commenced to Dig Out. The Pendulum seemed to swing either way until the opening
of 1925. Then the plain necessity of settling down to the practical task of Putting Credit and Commerce on their
Feet, dawned on even the nations of Europe, seething in Bitterness as they were, and are yet to a large degree.
The dangerous financial position of Germany has been given a start toward sanity and rehabilitation by the
Dawes agreement. England has resumed Gold payments, stopped by the War, another long step forward in the direc
tion of better international comity and restoration. The nations are doing less frothing, and getting down to WORK
the bottom requirement for solution of the hard problems that have to be met. No lamentations nor resolutions will
do the trick!
The first months of 1925 show a positive movement toward expansion of bank business throughout the Entire
United States. Some of the cities that fell behind during 1924 compared with 1923, like Pittsburgh and St. Louis,
have shown undoubted improvement the first months of 1925 in contrast with the same period of 1924. Receipts of
the postoffice in the big, and more generally in the smaller cities, display a rising trend this year on 1924.
Has Taught People Skill
In the semi-arid parts of Oregon, for instance, several favorable developments have taken place. Take Umatilla
county, for instance. There the bankers and business men of Pendleton, and smaller towns, are manifesting a closer
interest in the prosperity of the farmers than they ever thought of before. They are studying how some of the more
clever and resourceful farmers have managed to live and in some cases make a small gain, while others failed, and are
passing the information along to all the farms as completely as practicable.
Umatilla has been Oregon's great wheat county. In 1923 it harvested 6,961,500 bushels of winter wheat, and 350,000
bushels of spring wheat. Last year the crop shrunk seriously because of drouth. Now, belter diversification is
appreciated, and there is study how to bring this about most effectively.
In short, the hard times have developed better co-operation than ever before existed, and that is a big help toward
present and future prosperity. People are thinking more, and are learning to be more like the cat land on their feet
when emergencies hit them. People are tiding over and studying how to CLIMB 1 Best of exercise 1
They are far more careful those who can learn not to load themselves down with debt, an immense acquisition.
The most successful man in the World Henry Ford does a Cash Business.
How About Salem and Marion?
.The banks of Salem are a good index of both the city and county, Polk county included.
And there can be NO QUESTION at all whether they ..are GAINING THEY ARE!
Proof is presented in Chart B, with this study. It not on
years, but goes back to 1915, 9',i years, and pictures with
period.
It may seem like a trick, that the record is made to jump
it. The deposits for 1919 were for the WAR PEAK time, w
The Index of 96 commodities of common use and sale was
worth about 50 cents in buying power by the gauge of 1914
So, that to compare the bank records of 1925, with tho In
Inflation of 1919, means that the deposits now represent
tion was near the peak. The bank business is, thus, far B
ly measures the financial improvement for the past five
precision how much the bank deposits have grown in that
from 1919 to 1925. That leap has a lot of horse sense in
hen people were loaded with cash, dash and recklessness,
up around 200, compared with 100 in 1914. Dollars were
dex at about 150, or with 50 points knocked out of the
that much MORE BUYING POWER than when the Infla-
ETT1CR THAN THE RAW RECORDS INDICATE.
Progress Is Hopeful
Under the circumstances, Salem's bank reports look highly encouraging. The talk is in actual dollars, not in guesses.
The apparent gain on 1919 was 5.39 per cent, but taking account of the inflation of 1919, the record is much better.
And Salem, meaning the farms, the business, the influence of the State on local bank expression, has certainly
been doing well since 1915, when it is remembered that all that time has been disordered by war and World calamity.
The combined deposits of the city banks increased $5,006,857 in that period, making a percentage growth of J11.91
nearly 112.0. The yearly average was 12 per cent.
The forward drive of the Chart Line Lengths tells the story of how the general business of city and county (or
counties) has expanded, as the record stands, and as shown, the facts are better than the record.
There is No Doubt about it Financial Conditions ARE GETTING BETTER there will be no Boom the process
of Digging Out must go forward steadily, but in the end, the progress made will beat boom stuff every timel
WILLAMETTE
UNIVERSITY
Founded 1842
College of Liberal Arts College of Law
School of Music
Pre-professional courses in Medicine, Law, Ministry,
Journalism and Engineering.
Six buildings, four laboratories, over 300,000
volumes accessible in libraries.
A Christian institution of highest standards in
character and scholarship. Fully accredited every
where. Inexpensive. Bulletins on request.
Carl 6-. Doney, Pres., Salem, Oregon
SALEM IRON WORKS
(Established 1860)
FOUNDERS, MACHINISTS
AND BLACKSMITHS
Manufacture SHAND Centrifugal Pumps, Saw
mill Machinery, Flax Mill Machinery, Drag-Saw
Machines, Iron and Brass Castings and General
Foundry and Machine Work.
Agents for American Split-Steel Pulleys and
Hangers; Agents for General Electric Motors.
Carry a Good Stock of Pulleys, Hangers and
Electric Motors at All Times.
SALEM IRON WORKS
GEORGE W. SHAND, Prop.
Front and Slate Streets, Salem, Oregon
American Railway Express
Offers Dependable Service
Rates Reduced March First. Special Rates on Fruit and
Vegetables.
Derby Building, 521 Court St., Salem, Oregon
Phone 46 W. T. HICKEY, Agent
Ask Your Dealer for a
Home Product
MARION
BUTTER
MARION
CHEESE
"No Better On the Market"
The Marion Creamery is DAILY
paying the Farmers adjacent to
Salem $2,000 for milk and cream.
(More than $700,000 per year)
This money comes back to the
Salem Merchants in trade and
business.
Twelve truck lines arc required to
transport this cream and milk
daily.
'Thirty-five persons employed in
handling the business.
AVhy suppport outside competi
tors who add little if anything to
Salem's growth and prosperity at
the expense of a home concern?
Our home market should bo our
'best. Loyalty to Home Concerns
will build up the local industries
and a Greater Salem.
Marion Creamery
Salem, Oregon