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About Morning Oregonian. (Portland, Or.) 1861-1937 | View Entire Issue (Oct. 26, 1909)
. , , THE MORNING OKEGOXIA, TUESDAY, OCTOBER 26, 19,09. , UHITEO RAILWAYS h: , - 11 lY -- . .1 PAVED STREETS V f-' fBi M ' Larger Part of Stock Bought . AND SIDEWALKS K W fc Jfo : ?f . by New Company for PURE WATER yM&d TK' r , Cash Consideration. , fl ELECTRIC LIGHTS" . " r-r-HE . 5 Jd " .. .. . 1 ; I PLUNGE BATH ' M r, . . . J fcUTH TRUST CO. INCLUDED III NAT ATO RIUM ,' r . . . RECREATION PARK III V I v . , I - wf K N IIII Y 11 I r V j dentof Road and Announces ew $350,000 HOTEL ' Directorate HasVlenty of ' " Money for Extensions. 0 Sr rvtrnt the United Railways Cora- O f : Control of the United Railways Com pany went Into new hand yesterday, fol lowing the sale of the larger part of the capital stock, and the new owner are planning to maJce Important exUwsions of the company's lines at an early date. The dta!! of the transfer have not been made public, except that It was fhe result of a cash oon!drailoa. With the railroad went the Ruth Trust Company, a subsidiary corporation, and the boards of directors of the two organisations ' were revised as soon as the eaje was ac f eompllsiied. ; , T l. Greenoughv president of the United RaUwavs. win remain ooui in ui tton and on the board of directors. The new board of directors consists of the following: T. L. Grecnough. A. C. Em mons. Crarlea D. Fullen, J. H. Hulbert. X B. Wickershnm and F. E. Bowman. With the exception of J. H. Hulbert. who Is from Iowa, and Charles D. Fullen, of j flattie, the memoer 01 mo i.u hall Portland men. In reorganising the company. Charley (D. FUHen was made vice-president to take the place of Joseph E. Healy. A. C. Hx.mon was re-elected secretary and 'general counsel of the company, and I 'B. Wlckersham was retained as chief en 'glneer and general manager. . "Taylor Heads Ruth Trust Company. The Ruth Trust Company was reorgan- !led and C. W. Taylor made president. The new dlreotors of this company con sist of C. T. Dunbar, J. H. Hulbert. 'Charles D. Fullen and F. E. Bowman, who replaoed McGulre. Wellman, Wltten 'fcerg and Glafke. . When President Greenough was seen, last night, he refused to give the details Njf the plans of the newly organized com tpany. as to do so might Interfere with ilhe projects, In view. He said, however, (that the board of directors will make an 'early Investigation of .the conditions wltn fa viejr to beginning extension work. The new owners, he said, had expressed sat isfaction with the promises for success ftJiat the road presented, i -fWe have plenty of money, and we In Uend to use 1U" said Mr. Greenough. , "We have already had surveys made In a variety of directions, and we expect to I benefit Portland and the places we shall ' connect with this city. Our lines of extension will depend 1 largely on how we are assisted y land holders to whom we must appeal for rights of way." . Strictly Independent Road. , -Are you affiliated In any way with j" any other railroad. oompanyT he was I asked., ' "We are positively not connected, with f uv other railroad company." was the 1 reply "W are an Independent cora f pany. and, as I sal before, we have 1 p'.enty of money to put. Into our road. i While he would not tell where the pro- posed extension of the road will go, Mr. Greenough Intimated that one of the earliest lines to be constructed will be one to connect Portland with the Coast. wise liii THIS JfORTHERX PACIFIC OFFICIALS . MAKE BIG PROFITS. Few T.nn!,and Dollars Expended In Express Business yields Mag nificent Returns. OLYMPIA. Wash., Oct. 25. (Special.) In 190. Northern Pacific officials, who. with the expenditure of a few thousands to actual coin, had been reaping hundreds of thousands aiyear dlvidents from the Northern Pacific Express, then capitalised at 1.00.MO. decided they would reorganise a t6.CO.ooo corporation under the laws of Jew Jersey. They did so. as the Northern, Express Company, which filed Its annual report todayx with the State Railroad Commission. This report shows that up to March 30. 1SOS, the total cash expended by -the new company for operating property from or ganisation aggregated 8.00O, and . that this property has been kept up from cur rent revenue and Is noww-orth- that sum. In addition, In the Three years the company, by exercise of frugality and Judgment, has paid annual dividends of J40O.00O a year on Its stock, has kept up the payments of J100.0CO per annum to the old company, which tlOO.000 a. year to to continue for 50 years, and. In addl- tion, has Invested In railroad and other stocks and bonds to the extent of J390.O00, which Investments last year brought. In nearly JICOJO dividends, or about 6 , per cent on the entire capital actually In vested in the company. " The sworn report shows also that with the total property ,n Washington of about 47,W the local business of the company In this state was J5TT.Z77. This makes the net profits about 300 per cent, based on the value o- the property in the state. -Briefly, the report shows that 26 cents of each dollar taken in by the company is net profit. ' The .company has the exclusive express rights on the Northern- Pacific main lines and branches, for which It pays the roads about per cent of the gross reve nue. r Of the remaining. 50 per cent the report shows less than 53 per cent Is used t pay all other expenses. Including the 140.000 taxes, all salaries, office expenses, losses by robberies and the like, and pur chasee of safes, horses, . wagons, office furniture, printing, legal expenses, etc Tha company has but six stockholders. Among Its investments are J50.000 Portland water bonds. TV'- m m 44. Ji A v 4 J. it "Tell Me, Is the Potter- Rallv Ooinff to Make Improvements at in Company Those Big BAY OCEAN?" Absolutely yes! In the first place, we are now hard at work on a bi scale on these improvements. Furthermore, if is simply a case of dollars and cents. If we complete everything as planned we will make a large profit if we donfit means a loss of about $100,000 to our company. The situation is this: We Have sold a great deal of.BAYOCEAJN property, and every hit of it was sold on the strength of the improve ments we guarantee. Our lots are selling from $450 to $1000, mcluoV ing these improvements.' The most expensive Jot can be purchased at the rate of $120 a year, and the lowestf-priced lot at $72 a year. Now next year, wlien the lot-purchasersgo to BAY U Ub A JN , it they find we have misrepresented in any way, or that we are not mak ing the improvements, they will certainly discontinue their payments, - as they will then have invested but an average of from $75 to $150 per lot. Neither you nor' any other reasoning person would put $400 to '$850 more into a lot if the property had been misrepresented. Consequently, to receive the balance of the purchase price we must absolutely satisfy all our customers. Otherwise their payments would stop. BAYOCEAN would not prove the resort we promise, and every dollar of our own .money invested there would be a, dead loss, for no resort can exist unless the people come in large numbers. Remember it is not alone the money received regularly on these wr ; ffinff.itiliP itrfornvem ents. it is the income ffom our other v 1UVS mat ij putuug ""v : - t i ''AC t properties. There the improvements are complete and paid tor, such Half Mnnn Bav. California, 2000 lots; Roselawn, San as in tne Keis tract, oan rrancisco, add iuua, vjxx r " . - i ,a. i nnnnnn Jose. 600 lots; and Mafborough. Heights, Kansas City. Mo., where we have just completed the sale of over $ 1.00Q.000 SSooSSbJ any mea Ware mentioned because in ese tras th, lots ate.bein, MWli. Purchisers a terms similar to our BAYOCEAN payments, and the improve ments in the tracts are fully complete and paid for.' . ' , - . ' .ra vnrF ATMS It is this constant income that is installing BAYOCEAN an income that could put in two BAYOCEANS. It is not necessary to sell one BAYOCEAN lot to do more than we have guaranteed . We are selling BAYOCEAN property at this --time so that next year j begin receiving our profit from the resort. The 2000 people personally interested in B AYN1 hdpus get the crowds there-help us make our profits from the cqneessions and public utilities, ownership of vvhich we will retain. Another thing-Enou BAYOCEAN property has ots triou, enterp0 increlsing profits year after year by ownin? atjd managing what is destined to become the greatest Summer resort on this whole coast. tel. i - J1' i i.T3 . .i. . . .mS1 . Mi $ SWfM'M -MA ' - 1VM 514 Corbett Building, Portland, Oregon 210 State Savings EanlcBldg., Butte, Mont. 421 Columbia Bldg;, Spokane, Wash. Auto Squad Starts Tour. NEW YORK. Oct. 25. Sixty-one auto mobile, representing 34 different makes, were sent away today on a ten dan' run to Atlanta. Ga, as partlci ' pants In the good roads tour, promoted by the New York Herald and the At lanta Journal. Oil Official Pies. LOUISVILLE. Ky.. Oct. 25. Edward Livingston Ooodwin. formerly second vloe-president of" the Standard Oil Com pajiy. died today, aged 14 yeara. a t r T" a t ' t1 J Tr... ri;tn UTn. Qni TWriTiQ rlnnrV "RMor . Sn.TI "Pra.TlciSCO. Cal. ' AW. MVUg AlUg AUi muw J 1 " ' ' , . . . . I " 1 RAILROAD RECEIPTS BIG Business in Washington for Year Is 928,000,000. OLYMPIA. Wash., 6cte 25. (Special.) More than $28,000,000 of business 'was done. In this state for the year ending; March 30, 1909. according to the reports ftted with the State Railway Commission by the Northern Pacific A Great Northern. On the Northern Pacific, state and in terstate business originating and termi nating in Washington, aggregated $21,046, 225, of which 110.423.237 was stricrtly state business. On the Great Northern 34.207.-i 009 was state business and 33.640,000 waa Interstate traffic. Average passenfter rates per mile were less on the Great Northern than on the Northern Pacific, being respectively 2.712 cents and 2.$Bcent. Th. Great Northern hauled 1,459.342 passengers in the state and the other road handled J-,732,183. In , i j the state, the Northern Pacific hauled 8.391.130 tons of freight, of which but 528, 134 tons was grain. 1,426,481 tons was lum ber and 2,617,000 tons were other forest products. y The Great Northern reports that of the 39 persons killed by the trains in the state during the .year 28 were trespassers and but one was a passenger. , t Orchards School Gets Prize. VANCOUVER. Wash., Oct. 25. (Spe cial.) The committee In charge 'of the annual Sunday School " Association, which held a monster picnic in the city Saturday, have made the awards of the large silk, flags for the two Sunday Schools having the largest percentage of their enrolled pupils In line. The first prize was given to Orchards, which schools, had 61 mesnbers in line. The average attendance for the quarter ending August 15 was 52. The second prise was awarded to Cherry Grove, which school had 40 in Una. MILWAUKEE ATMS . NORTH XggTSZ This is one or tne reanwu ." " to be extended to Republic. As soon, as the case is decided in our favor, if It la, construction of the road, will start." Will Build to ftepublic if Rights of - Paper Road' Are Secured. SPOKANE. Wash., Oct. 25. (Special.) The MIIwauHee -Railway Company is to bu!ldfrom Spokane to Republic- if the old Republic company wins its suit for the Republic mine. This is the announcement made today by officers of the old company, who are fighting to have the tax sale to the new company set aside. ".David S. Weggv of Chicago, attorney for the old company. is also, attorney for the Milwaukee. states the management,- "and ' the money for the suit Ms being furnished from Chicago. The plan of the Milwaukee IsT to frur out the rights of the "Hot Air Line' from Re public to Spokane, and In this way have a branI to that mining camp. "The Milwaukee has llnea to great Davis Attempts Crooked Game. VANCOUVER. Wash, Oct. 25. (Spe cial.) A stranger in the- city, giving his name as Frank Davis, appeared at a small grocery store in the suburbs with a bicycle not his own, the wheel bein the property of Jler schel Bum, of the Telegram, and offer ed to give it to the grocer for 31.25 and some groceries. Davis said he would redeem the wheel in a few days. Davis is described as. being about 26 years old?, weighs 160 pounds, and is dressed in a suit of overalls In a potato-Brow'" contest in Derby shire. Eneland. one competitor got a yield of 229 pounds from one pound of seed, cut Into bo sets. I . LOGGING TRAIN KILLS MAN Lewis Freeman Meets Horrible Death Near ClatskanieJ CLATS-KANIE, On., Oct. 25. (Special.) Lewis Freeman, son of Mr. and Mrs. D. W. Freeman, pioneers of the Nehalem Valley, and one of the best-known young men in 'this vicinity, was added to the roll of logging camp victims this morn ing,' when, he was run over by a train at the Jennings-McRae camp, and Injured so seriously that he died an hour later. Ho had been employed as brakeman only three days, and as the train slowed up near the loading platform, It la supposed he misunderstood their intention and thought they were stopping for a load, as he jumped down and attempted to set the brakes. His body was mangled 1 nvout beyond recognition. He was 30 years of age and leaves a young widow, his parents, one sister and two ' brothers Mrs. A. R Harvey and Warren Freeman, of Flshhawk. nd George Freeman, of Marshland, another brother, Joseph Freeman, was killed In a similar manner, while working at Rainier three years ago. New Sawmill Is Kegun. ASTORIA, Or., Oct.' 25. (Special.) Birch & Jacobsen, of this city, began work today on their contract for driving 1000 piling for the foundation of the new sawmill to be erected at Westport by the Westport Lumber Company. The plant, when completed, will have a capacity of about 80,000 feet per day. " Warren Company Lowest Kidder CALDWELL. Idaho. Oct. 35. (Special., The Warren Construction Company was the ilweft tildOer for paving 22 blocks of street In Caldwell. The bid was J125,iS4..o