Oregon Geographic Names says that the William W. Mitchell Company started the town in 1919 and named it as a portmanteau of Valley and Siletz Railroad, whose terminus was at that location. Company town researcher Linda Carlson says the town was founded by the Cobbs & Mitchell company of Cadillac, Michigan during World War I. Valsetz post office was established in 1920.
4/26/1926 to 10/12/1986
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In 1947, Cobbs & Mitchell sold the town to its sales agent, Herbert Templeton. He operated it as the Valsetz Lumber Company until 1959, when its sawmill and timber stands were sold to the Boise Cascade Corporation.
In 1983, Boise Cascade announced that all operations at Valsetz would end early the next year. About that time, the town's population was about 300. In 1984, the town and most of its structures were removed, as everything in the community, property and streets included, was owned by the corporation. The post office closed the same year. The site became part of the Valsetz Tree Farm.
The place was nationally known for its record rainfalls and for its newspaper, the Valsetz Star, which was started in the 1930s by 9-year-old Dorothy Anne Hobson. At one time the population of Valsetz was over one thousand, and served by its own elementary and high school, which fielded championship basketball teams.
Near the site of the former community is the "Valley of the Giants", 51 acres (206,000 m2) of Bureau of Land Management-protected old growth Douglas-fir and Western Hemlock forest on the North Fork of the Siletz River. The valley was set aside for protection in 1976.
- "Valsetz (historical)". Geographic Names Information System, U.S. Geological Survey. November 28, 1980. Retrieved 2010-01-18.
- McArthur, Lewis A.; Lewis L. McArthur (2003) . Oregon Geographic Names (Seventh ed.). Portland, Oregon: Oregon Historical Society Press. p. 988. ISBN 0-87595-277-1.
- Carlson, Linda (2003). Company Towns of the Pacific Northwest. Seattle: University of Washington Press. pp. 139, 238. ISBN 0-295-98332-9.
- 1988 Polk County Itemizer-Observer article cited in Ferrari, Greg (March 22, 2001). Valsetz. Retrieved 2008-03-25.
- Friedman, Ralph (1990). In Search of Western Oregon (2nd ed.). Caldwell, Idaho: The Caxton Printers, Ltd. p. 181. ISBN 0-87004-332-3.
- "Valsetz Lake (historical)". Geographic Names Information System, U.S. Geological Survey. May 22, 1986. Retrieved 2010-01-18.
- Rouse, Jennifer. "Falls City Honors Valsetz: Gone But Not Forgotten". Polk County Itemizer-Observer (www.fallscity.org). Retrieved 2008-03-25.
- Gault, Roy (November 7, 2003). "Walk among Salem's old-growth trees". Statesman Journal.
- "Valsetz, 1928" image and history from the Oregon Historical Society
- Historic photos of Valsetz from Salem Public Library
- Image of the Valsetz veneer mill being burned in 1984 from Abandonedrailroads.com
- Privately maintained Valsetz site
- Award-winning feature documentary film about Valsetz