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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (April 29, 1907)
14 THE MORNING OREGOXIAN, MONDAY, APRIL 29, 1907. FINANCIAL CENTER OF PACIFIC NORTHWEST Portland's Supremacy Beyond Dispute Puget Sound Cities Are Dependent in Banking. By I. Frank Watson. President Oretronfrelght rates to Portland and the Bound State Bankers' Association. PORTLAND, situated 12 miles from the confluence of two mighty rivers, the Columbia and Willamete, both navigable, the Columbia from the Pacific Ocean hundreds of miles Into the Interior of Oregon, Washington and Idaho, the Willamette for upwards of 10O miles south through the heart of the world-famed Willamette Valley, lying near the north ern boundary of Oregon and the south--wm.,K .-,., ,.- era boundary of i Eularly located to -i control the business of the Pacific North '. west. To this city 1 1 come the products of ! Montana, Idaho, Eastern Washington and Oregon by water grades. Henry Yll lard who built the Oregon Railway & Navigation C o m -pany's line, recog nized the Columbia Gorge as the natural outlet for the coun try east of the Cascade Range. Now the Great Northern and Northern Pacific are building down to Portland on the north bank of the Columbia. The Canadian Pa cific Is building Into Spokane, and It Is understood has arranged to run trains over the O. R. & N. Into Portland. Port land will then have the Union Pacific, via the O. R. & N.; the Southern Pacific, Northern Pacific and Great Northern, all transcontinental roads. Besides these railroads river steamers are owned In and operate from Portland. Although Portland Is 100 miles from the sea, the largest ocean steamers come to Its wharves, discarge and receive car goes. From this It will be seen that the bulk of the products of the Inland Empire must come to Portland, as no one pretends to say that It can be lifted over the mountains as cheaply as to come down a river grade, and as the CITY LEADS RIVALS IN EXPORTS OF WHEAT Portland Gateway Through Which Inland Em pire's Immense Crop is Sent to Foreign Lands. By X, A. Pattallo, Manarer Grain Depart ment, Balfour, Guthrie Co. THE quantity of wheat end ' flour hipped from Portland has Increas ed gradually from the time wheat first became available for export, and now over TI5.000.000 la paid yearly to Port land merchants for wheat and Its prod ucts sent out of this harbor. Wheat hoi been the main sdurce of Income to the farming country tributary to Portland, and has been most important factor In Its growth and de velopment. The an nual wheat crop of the states of Oregon and Washington and that part of the State of Idaho, which markets Its surplus wheat either by way or Portland or Puget Sound, is at present about 60.000.000 bush els. Of this wheat approximately 12,000, 000 bushels are re quired for local con U. A. IMIIUIIU. sumption, and the remainder Is avail able for export. Of this exportable surplus, under normal crop conditions, about 60 per cent Is shippel from Portland, and about 40 per cent from Puget Sound ports. The building by the James J. Hill of a rail road along the north bank of the Colum bia River will undoubtedly materially Increase the proportion to be shipped from Portland, as It Is unreasonable to suoDose that Mr. Hill will incur the ex pense of carrying grain 150 to ISO miles past Portland to Puget Sound if this exDense can be avoided. Until recently we depended on Europe to absorb out surplus wheat, and prices were regulated by European demand. Con ditions, however, have changed very much during the past three or four years, and this year probably more wheat and flour will be shipped to the Orient than to Europe. This demand from the Orient 1, likely to continue as consump tion of flour is Increasing there from year to year, and. If the use of flour should become general In these countires, our entire surplus qf wheat and flour can readily be absorbed there. During the past year a number of large flouring mills 1-f i GOVERNMENT LAND IS STILL TO BE LOCATED . ... Nearly 20,000,000 Acres of Public Domain in Oregon Unappropriated But Cream is Slcimmed By Max M. B hillock. REPRESENTATIVES of Commercial bodies and Individuals throughout Oregon are constantly answering questions relative to every phase of In dustrial and social life In the state. Of the hundreds of inquiries that are being received, perhaps the greater part are with reference to vacant Oregon lands. Much of the Information desired along this line Is hard to supply, much harder In fact than Is generally realized by Eastern writers, the majority of whom do not have a clear conception of the vast extent of this commonwealth. Many of the questioners desire to ascer tain the character and location of the public lands open to entry. To meet this demand fully It would be necessary to keep In daily touch with the records of six Federal land offices. Even at best a part of this information would be Imper fect as the surveyor's description of the various sections is not faultless and the '. covering of a considerable area has changed since the surveys were made. As I said In a special article written for 'the Chamber of Commerce Bulletin and published In the November number of that periodical, the available Government "land is scattered over every county in the state. Much of It Is worthless, being mountainous, and most of It is unsuit able for agricultural purposes. The only way for an Intending settler to satisfy hinuelf as to the worth or desirability of a tract of public land la to consult the records of the land office In the district In which the land la situated, and then make a personal examination of the land. Even then, the cream of the desirable . Government land having been appropri cities are the same, the railroads will not cary It beyond Portland unless compelled to do so. Up to this time Portland has been the principal shipping point for grain and flour, and Its business is likely to increase immensely when the roads above men tioned are in operation. This city Is the headquarters of such firms as the Port land Flouring Mills Company, Balfour, Guthrie & Company, Lang & Company and many others which have branch houses at Puget Sound cities. , To handle this enormous business re quires large banking capital and proper management, and here is where Portland shows its supremacy as a banking cen ter. The writer came to this city In 1S71. and ever since has been more or less Identified ' with the banking Interests, hence Is In a position to know what has transpired In banking circles since that time. At the time of his arrival Ladd & Tllton were the leading bankers of the Northwest, later the First National, which had passed Into the control of the late Corbett A Failing, divided the hon ors and still retains its Importance. But, as the city Increased in population, other banks were started from time to time until now there are nine banks In the Portland Clearing - House Association, with about as many others outside, hav ing deposits of over J6O.00O.00O. No banks of much Importance were established on the Sound until Ladd & Tilton bought Dexter, Horton & Co., of Seattle. It was most fortunate for that city, during the panic of 1893-6, for things would have been very different with Seattle banks had not Ladd & Tilton been compelled to support Dexter, Horton & Co. . and the First National, of Seattle, which it then owned. Money, during the past six months, has been loaned by Portland banks to other customers at rates equal If not better than could be obtained In the East. Banks here give all the credit to their customers which sound banking will Justify. It would seem that nature had given to Portland such splendid advantages that it will always be the banking center of this Pacific Northwest, as it has been in the past, and such seems to be the opinion of wise Investors, who, after vis iting and Investigating the advantages of our sister cities at the North, are buying blocks of our city property. have been erected at points In the Orient for the manufacture of flour, and our wheat is now being purchased by these mills in large quantities. For several years California has also called on Oregon for considerable wheat and flour, and from now on we can probably depend on that state drawing on us for increasing quantities. While Europe, the Orient, and Califor nia are at present the principal markets for our wheat and Its products, Portland frequenUy ships wheat and flour to Mexico, South America, and South Africa, and occasionally to other coun tries. Three years ago high prices in the Eastern states caused a large .propor tion of our surplus wheat and flour' to be shipped from Eastern Oregon and Eastern Washington for distribution over many of our Eastern and Southern states. Portland Is well situated to send her wheat and flour all over the world, and growers are thus able to get the benefit of high prices wherever they exist. In some districts tributary to Port land, where wheat was for years prac tically the only crop grown for market, other crops are now being raised and the production of wheat is consequently diminished. This change Is mitt general In the Willamette Valley, which at one time furnished considerable wheat for export, but where dairying, fruit rais ing, and diversified farming have so reduced the production of wheat that the quantity now grown Is only about sufficient to supply local demands. This condition is also found in other districts tributary to Portland, but not in such a marked degree. To offset this diminished production, railroads have opened up new territory, and the lines now projected and under construction will open up large districts where wheat cannot now be profitably grown on account of being without cheap transportation facilities. In Eastern Ore gon particularly there is a vast territory as yet largely undeveloped, which, with suitable railroad connection, will ma terially Increase the production of wheat in our state, and .it now looks as It we were at least to see this section of our state opened up' by railroads. This new- territory, together with the building of the North Bank road to Port land, will doubtless result in exports of wheat and flour from our port being gradually increased from now until the limit of, the production of wheat has been reached; It is safe to say that for many years to come wheat will continue to be one of the most important .sources of in come In the district tributary to Port land. i I ated long ago, the intending settler in nine cases out of ten will probably find it cheaper to buy a farm already im proved or partially Improved, than to Avail himself of the generosity of the -United States Government. - Still there are doubtless some good tracts left. These must be expected In localities remote from the centers of population and from transportation. The six United States Land Offices in the State of Oregon, where all Informa tion relative to Government- lands may be had, are located at Portland, Multno mah County: Roseburg, Douglas County: Lakevlew, Lake County; . The Dalles Wasco County; La Grande, Union County! and Burns, Harney County. There Is a Register and Receiver In each office, and the records are open to the Inspection of the public While there are nearly 20.000.000 acres of Government land available for settle ment in the state, these figures convey no Information as to the worth of this land or the acreage suitable for the making of homes. The greater portion of the Gov ernment land, not yet taken. Is, how ever, not adapted to agricultural pur poses. The following description of the land districts and lands Is taken from the tables Included in my article published in the Bulletin: The Dalles land district embraces Wasco, Sherman, Gilliam, and parts of Crook. Morrow, Grant and Clackamas Counties. The La Grande district embraces In whole or In part the following counties: Baker, Grant. Morrow, Umatilla. Union, Wallowa. The Bums district embraces In whole or In part the following counties: Baker, Crook. Grant. Harnay, Malheur. Wheeler. UNITED STATES NATIONAL BANK THIRD AND For the proposed "Blue Mountain Re serve" l,8S9,5jS acres have been withdrawn from entry. The Roseburg; district embraces In whole or In part the following counties: Coos, Curry, Josephine, Lane, Benton, Crook, Klamath, Linn and Lincoln. There Is in cluded In the Cascade Forest Reserve, set apart by Department order September 28, 1903, 3,227,559 acres. The Portland district embraces Clacka mas, Clatsop, Marlon, Multnomah, Polk, Tillamook, Washing-ton, Yamhill; the greater portion of Benton, "Linn and Lin coln, and a small part of Wasco and Crook. The entire reserves in the district foot up 1,191,666 acres 64.5S6 .in the Grand Ronde Indian Reservation in Tamh)ll and Polk Counties, and 1,124,846 acres In the Bull Run and Cascade Forest Reserves in the eastern part of the district. The Lakevlew land district embraces Klamath and Lake Counties, and parts of Crook and Harney counties. Only recently two more forest reserves have been created one in Southern Ore Kon and the other In South Central Ore gon. The new Southern Oregon reserve, known as the Siskiyou Reserve, contains 700,000 acres, and comprises about half of Josephine County and a portion of Douglas County. This reserve Includes some SO.O00 acres of unsold state school lands, and considerable railroad land In the Oregon & California (now Southern Pacific) land grant. The other reserve, comprising portions of 72 townships, takes in portions . of WHITE PLAGUE IS BAFFLED Climate of Western Oregon Ideal for the Consumptive Low Altitude, Pure Air and Equable Temperature Combine to Bring About Cure of Disease. E. A. Fierce, M. D. NATURE In her most Indulgent mood endowed Western Oregon with one of the most healthful climates known to man. The annual mean tem perature of Portland from 1886 to 1906 was . 54.40; the highest in 33 years being 101 degrees and the lowest' 22 de grees. The total rainfall for 1904 was 43.39 inches; . the greatest monthly rain fall Deing 8.30 inches; total snowfall, 4 clear d a v s . . 92- S , v,-ia number of partly Cloudy days, ' 98; number of cloudy days, - 175. Prevail i n g direction of w In d a , northwest. There were only two killing frosts In Portland during the year; one on March 17, the other on Ktj vember 23. The mountains, which are considered IUifKiiiria.i.11.! i LT most healthful, are p notoriously more cloudy, foggy and rainy and have less sunshine than the plains as a rule. When the sun does shine there is protection by trees, late sunrise and early sunset In the valleys. These conditions, which so universally abound in Western Oregon, are responsible for Its being one of the most healthful climates In the world. The rain and the cloudy days of Oregon, together with the equable climate, - con stitute, in my opinion, her greatest asset. Here the extremes of life are greatly safeguarded by the mildness of disease attending those periods. Major Charles S. Woodruff, surgeon of the United States. Army, says : "Mortality statistics so far collected show, the greatest mortality in the south eastern part of the United States, averag ing about 20 per 1000. The mortality gradually diminishes as we go north, averaging about 18 and 19 in the Middle States, 16 to 17 In New England, 14 to 15 south of the lakes, 12 to U In the Eastern plains, to 10 in the Western plains, and are nearly the lowest In the Northwestern corner, Oregon and Wash ington. Thus, generally speaking, the death rate decreases from Florida to the Island of Vancouver. It is not strange then to see the 'healthiest record in the rainiest places with the least sunshine. "Portland, Tacoma and Seattle have as low death rates, or lower, than any other cities of their size in the United States, or perhaps of the whole world. In spite of many cloudy days." The awful prevalence of consumption In the tropics, which disease, on account of its being so easily transmitted to tho. who are not strong; - found Jn ma cli XT THE OF PORTLAND J.'C. AINSWORTH, President R. W. SCHMEER, Cashier R. LEA BARNES, Vice-President A. M. WRIGHT, Ass't Cashier W. A. HOLT, Ass't Cashier - SOUND, SAFE, PROGRESSIVE The United States National Bank, eyer since it was established, has been held in the highest confidence by its numerous depositors. The people of Portland and vicinity recognize that it is sound, safe and wisely managed a Depository of Absolute Security for your money. You are invited to open an account with us, and receive the benefit of a thor oughly equipped, modern, progressive and conservative bank. CAPITAL, $500,000.00 SURPLUS AND PROFITS, $380,000.00 TOTAL RESOURCES, OYER $9,000,000.00 ' OAK STREETS Crook and Klamath counties. It is known as the Fremont Forest Reserve. The Government lands are classified as agricultural, timber.- desert and mineral lands, according to the manner In which they may be obtained. The state lands Include all these classes, but are obtained by purchase, regardless of the character of the land. Government land Is obtain ed through the land offices at The Dalles, La Grande, Roseburg, Portland. Burns and Lakevlew, while state land Is ob tained through the State Land Board at Salem. The settler or purchaser must be a citizen of the United States, or must have declared ' his intention to become such. To seeure Government land he must be 21; to obtain state land,, 18. "Agricultural Lands Agricultural' land may be secured from the Government under the homestead, act, which gives every settler 160 acres, requiring nd pay ment, except $22 in fees. For a period of five years, actual -residence upon, -the land is necessary, during which time cer tain improvements, must be made -and cultivation carried on, the purpose being to require the homesteader to show that he is in good faith. Timber Lands Timber lands can be se cured from the Government under the timber and stone act, each purchaser not being allowed over 160 acres. The land must be chiefly valuable for Its timber and must have no valuable mineral de posits. These facts must be set forth in an affidavit and must be published for a period of 60 days, at the end of which mates inhabited -by man, shows that while the bacillus may he In a measure arrested in Its action by the direct rays of the tropical sun, the exhaustive and enervating influence In many cases tends to defeat a cure by lessening the resist ance of the protective tissues - of the body. The Portland Open Air Sanatorium for the treatment of' consumption in its early stages Is situated on the Oregon Water Power line, six miles south of Portland on a bluff 250 feet high, overlooking the broad Willamette River as It gracefully wends its way to Join the Columbia on its journey to the sea. This institution was made possible by the philanthropic people of Portland in their desire to prove that the consumptive could be as successfully treated here as elsewhere. The tract of land comprises 14 acres, covered with majestic firs and pines, garlanded with beautiful flowering shrubs, dogwood, wild currant, mountain laurel, wild Oregon grape, syrlnga, su mach, sweet briar and salal a veritable nature's flower garden. v The institution is amply provided with all of the modern conveniences from the commodious tent to the modern and beautiful cottage. The climate Is so equable that the patients live all the year In the open air without discomfort. Violent winds and dust storms are al most unknown. The "balmy, moisture laden atmosphere" precludes the annoy ance of wind and dust storms which Germany, In her efforts to stamp out the dread disease, finds so harmful to the consumptive by irritating the throat and lungs'. The altitude Is so low that the violent nerve tension of the higher elevations Is removed, affording an Ideal place for rest and recuperation. The temperature Is so equable that the Influences of the heat and glare of the sun are removed. The foothills and mountains surround ing the Willamette Valley afford a beau tiful and physiological change from low to higher altitude, which can be reached easily by rail 'or boat. The commodious accommodation at the seashore can be reached In a few hours. From the land of perpetual grass and flowers to the snow-clad mountains Is but a shore ride. Here the consumptive can breathe at all times the pure air so necessary to his recovery, protected from the violent wind and dust storms and fierce rays of the sun. which so prostrate one who is not strong. Pneumonia, . so often the forerunner of consumption, is seldom seen In a fatal form here. From January 8, 1906, to April 1. 1901, 293 cases of consumption have been ad mitted for treatment at the sanatorium, and It can be conservatively stated that the benefits received in this climate are as great as In the sanltorla located in Europe and the Eastern states. It Is now acknowledged that 70 per cent of early-stage cases of consumption can be apparently cured under the sana torium methods, and Germany has proven that ft la a good business investment Portland; Oregon time, if no adverse claim is made, upon payment of $2.50 an acre, the Government will -issue a patent for the land. Land chiefly valuable for the stone upon it may be secured in the same manner. Desert Lands Desert land may be se cured under the desert land act, not more than 320 acres being allowed to any one person, the applicant making an affidavit that, without irrigation the land would not produce remunerative crops, and that he has provided a water supply sufficient to make the land productive. The affi davit must be accompanied by that of a witness setting forth the same facts, and, upon being approved, a fee of 25 cents per acre must be paid, when the pur chaser can proceed with reclamation. Annual reports must be made for three years, showing that he has made Improve ments to the cost of $1 per acre each year. When the $3 per acre has been ex pended, and one-eighth of the land has been reclaimed and under cultivation, by paying an additional $1 per acre he may secure a patent from the Government. If the land is within the limit of a railroad grant, the price is $2.50 per acre. Arid land In larger tracts may be taken up by corporations or individuals under the Carey act. Mineral Lands Mineral lands are se cured under the general mining laws by locating a claim, recording It, and mak ing certain improvements each year until $500 has been expended for this purpose, when a patent can be secured from the Government, of the government to treat her consump tive poor in the early stages and save them to care for those dependent upon them, rather than to lose their wage earning capacity, stand the risk of their spreading the disease, and later have to care for them in their last Illness, to- MERCHANTS NATIONAL BARK PORTLAND, OREGON UNITED STATES DEPOSITARY Capital, $250,000 Surplus and Profits, $230,000 Deposits, $5,500,000 J. FRANK WATSON, President R. L. DURHAM, Vice-President S. C CATCHING, SPECIAL ATTENTION GIVEN TO BANK ING WANTS OF HOMESEEKERS AND TOURISTS - BJE SURE1 1KD gether with those they have left depend ent on charity. If the power of a commonwealth is Vf.RtP.ri in t1A hMlth nt Ita nannl. 1.. then Oregon in this respect has a bright Work to Advance State COMMERCIAL, social and athletlo clubs are strong- in Oregon, and Portland Is particularly well represent ed in this regard. The commercial or- ganizations of Portland are the Com mercial Club, Chamber of Commerce and Board of Trade. All of these have strong .memberships and are doing much to develop the natural resources. of Oregon. Practically all of the cities of the state also have commercial bod ies, nearly all of which are linked to gether in a central organization known as the Oregon Development League. The oldest social clubs in Portland are the Arlington Club and the Concor dia Club. Both of these have excellent clubhouses, a fine home for the Con cordia Club having been erected last year. The East Side Club is a newly formed social organization that is prov ing an important factor In the life of that portion of the city. The Commer cial Club has also a social side, and many of the college graduates of the city are members of the University Club. Portland's leading athletic organiza tion Is the Multnomah Club, which has a line building and a good track and field at a convenient distance from the center of the city. Mihvaukle Country Club. Eastern and California races. Take Sellwood or Oregon City car, starting from First and Alder streets. R. W. HOYT, Cashier Geo. W. HOYT, Asst. Cashier 2d Asst. Cashier (EB PAGE 15. A STRONG INSTITUTION TJWt TTTT.E CrARACTEE XRrRT ?MPANV, OK POKTI.ANO, OR. "THE ?E?RFr? ft?!1" VteKSdent T. T. BtRKHAHT Treasurer JOHN E. . AITCHISON. ....... . . V.Iec""ar SR.VEf H- KOPI' Assistant Trejtsurer M. M. LADD nireptnr FRANK M. WARREN "XDlrecto? Th Title Guaranty Trust Company was stablished April IS. lSb7. under tli name and style or The Real Estate Tltla A Trust Comnanv. th namA ki i j in 1890 to Its present form. Us executive officer during all these years has been its present President, and the first clerk to en ter its services. Mr. Fred Howard, is still i. , deajo oC ll clerical rorce. Its stock- uuiuern nave remained practically un changed, although a few new stockholders were added at the time of reincorporation. Its first offices were In the First National Bank building, at the corner of Washing ton and First streets. Needing more space. 't'n removed to. the Abington building, on inird street, near Washington street. Upon completion of the -Worcester block, its of tices were moved to that building, and upon trectlon of the Chamber of Commerce butld- ... 1. mus one or tne nrpt tenants on the ground floor. Upon the Wells-Fargo & Co. Bank beintr pnnKniiriiAi . . States National, the Title Guarantee & Trust u,..ptty movea into the banking-room va cated, by Wella-Fargo in the Commercial Dlock, on Washington street, corner of Sec ond, which corner has been for many years, and Is more and more becoming a promi nent banking center; and upon the Canadian Bank of commerce Vacating the adjointntj room. The Title Guarantee & Trust Com pany occupied these quarters also, removed iue partition wall and ntted up one of the largest and most convenient hunVinK.mnm. on the Pacific Coast, The first ofTice of the company embraced one desk and two employes and was housed In a 12x12 room; in liuO it occupied 2uoO square ieet; m 19011, 4000 square feet; in 1905, upon moving into Its present quarters. Its floor space covered 6850 square feet. At present, after enlarrin it rio--r- B. i- over 12,000 square feet, accommodating 62 Many causes have contributed to bring about this growth. The management has been active and progressive. Its depositors, whether large or small, have been treated with courtesy and consideration. The work undertaken by the various departments has been careful and thorough. It has been the policy of the company to meet the requirements of its customers first, with as great liberality as sound and prudent banking principles allow. ABSTRACT AND TITLE INSURANCE , DEPARTMENT. From this one of our various branches haa evolved the many-sided institution of today. This, our first department, has been a sure register of the steady growth and expansion of the company as a wtiol. Our abstracts and chal is of title cove? every Inch of real estate in this city ami county. Our records have been accumulated at a cost of over $170,000, and are system atically arranged under a system which en ables us to furnish reliable abstracts on short notice and to render just the service which the ever-Increasing demand requires. In the year 182 we began to write title Insurance. Since that date we have issued 4550 policies, and our order-books show near ly 10,000 entries for abstracts and continua tions. REAL ESTATE DEPARTMENT. During the past 20 years we have bought, . sold and handled, as agents, millions of dol. lars worth of Portland property. Our list embraces all grades, from the modest sub urban home to the most costly business block, small and large acreage tracts, inex pensive and restricted building sites. We have handled successfully such tracts as Holladay Park Addition, First Addition to Holladay Park Addition, North Irvington, Sunnyslde Third Addition, North St. Johns, South St. Johns, West Piedmont, Point lew. Grimes' Addition, McDougall'a Subdi vision, Lexington Heights and many other lesser tracts. In listing your- property with us you havo advantage of our prestige and of our judg ment In realty values. We can furnish com plete Information on all matters pertaining to real property in and about Portland, and we pose as expert appraisers of the same. TRUST DEPARTMENT. Our Trust Department executes all man ner of trusts, acts as agen t, receiver, as signee, guardian, executor, fiscal agent, ad ministrator, transfer agent, custodian of wills, depositary for escrows, registrar oC stocks and bonds, treasurer of clubs, churches, etc.; organizer and reorganlzer o corporations, trustee in corporate mortgages or deeds of trust, trustee of syndicates for platting and marketing additions or acre age tracts, and with authority on all mat ters pertaining to drawing of deeds, mort gages, contracts of sale, wills, powers of attorney, etc. All trust funds are kept en tirely distinct and Independent from all oth ers and from the general assets of the com pany. During the year . 1906 the Trust Depart ment closed 1137 distinct real estate deals and transfers, exclusive of those handled by the Real Estate Department. We found it necessary to make use of over 1000 state ments in paying 1900 taxes on as many pieces of property for our clients, thus re lieving them of all care and annoyance. RENTAL DEPARTMENT. TJnder the head of this department we take entire charge of real estate for our clients, collect rents, pay taxes, keep prop erty in repair, etc., and the ever-Increasing number of office buildings, houses, flats, etc., placed In our care evidences the excellence of the service rendered. LAW DEPARTMENT. We keep eight attorneys actively employed In this very essential department, making a specialty of commercial, probate and corpor ation law. All matters of trust have the regular attention of competent counsel. It is our custom to comply with the wishes of clients in this respect, and our rule is to retain special counsel and employ reputable attorneys when necessary for the particular business brought in at their instance., SAFE DEPOSIT DEPARTMENT. Our safe deposit vaults, located in the Chamber of Commerce, are the most mod ern, strongest and best equipped In the city. They are of the best possible construction, fitted with the best protective devices known, and consist of about 3000 boxes, both key and combination, of various styles and sizes, with ample storage vaults. The boxes can be opened only in the presence of the owner or his duly authorized agent. An at tendant Is always on hand to apply the master key, register the number of box and hour it Is opened. Secrecy and absolute safety from burglary, fire and water render our clients secure in the possession of their papers, jewelry and valuables. Private rooms fitted with all conveniences for the transaction of private business are ever at the disposal of our clients. SAVINGS BANK. This lusty babe In the banking family of Portland has more than met our fondest dreams. From one teller and one book keeper in 1104, under the supervision of our then cashier, it has grown to five tellers, six bookkeepers and two messengers, under the immediate supervision of the treasurer and assistant treasurer, with deposits steadily creeping to the $2,000,000 mark. DEPOSITS. December, 1904 fl,0Ofl.M June, 1905 -. I0t44.84 December, 1905 487.3S0.83 June, 1906 616,719.68 September, 1906 1.015.502.61 January, 1907 1.335,70ft.PO March, 1907 1,755,534.28 MORTGAGE LOAN DEPARTMENT. This department has In charge all the loans of the company, and with ample funds at Its disposal we are prepared to make con servative real estate loans in any amounts on Improved business and residence, prop erty In Portland and vicinity. To borrowers we oer our services In se curing loans at the lowest rates that the market affords. To lenders, we guarantee the proper exe cution of the papers; we attend to all the details, and with our title policy Insuring the title of the mortgaged property, the mortgagee Is absolutely safe, and all the requisites of an ideal Investment are met. BOND DEPARTMENT. The Bond Department Is our latest depart ment and has been In operation but a short time. It is the primary purpose of this de partment to carefully examine the status of the various railroads, municipalities and corporations which issue bonds, in order that only such Investments may be held as are safe and conservative. The present holdings of the company consist of a number of high class securities, and the policy is to buy and sell only reputable Issues of railroad, munici pal and corporation bonds, and to offer to investors only such bonds as the company might hold among Its own securities. The Twenty Years of Growth as a financial institution, in which The Title Guarantee St Trust Company has served its friends and patrons faithfully and well, as a compre hensive and conservative trust company, have passed and left us. Now launching out In the new decade with renewed determina tion, with an ever greater sense of our re sponsibility, we offer our services to the general public, promising them courteous and liberal treatment, and solicit the busi ness of the community for which the facili ties of "The Best-Hqujpped Trust Company In the Northwest" have ntted us, and ardent ly promise our 'jest efforts to deserve the conti nued success which has been ours in the past. The Title Guarantees Trust Co. 40-84 4 WASHINGTON STREET. (CorBftr Second Street). PORTLAND - . - OBlStiOX, I