FIRST ANNUAL INDUSTRIAL EDITION OP THE LA GRANDE EVENING OBSERVER.
Page Eleven"
ITUUTIIIC MBIT
IS THE BEST Ofl EABTll
the larger sizes of stones use J would I Integrity," business acumen
be filled by the us of stones of the I peclally versed in the banking
next largest size which would fit In j neM Jjk addItl0I1( as ,n tne
me voias, ana bo oa aowa iu u im
palpable powder, thereby giving to the
stone aggregate an Inherent stabl'lty
to withstand traffic independently of
and es-
busl-early
days, they are men of a liberal and
broad point of view, and every move
ment which has for Its object the
the cementing material used to coat j general betterment and advancement
the particles of stone andT.o Kll the ; . thir
remaining voids In the mixture. I ' the city always receives their
That constitutes the essential ait- stamp or indorsement
The Warren Construction company,
famed the land over for Its bitulKhlc
pavement, is the company- which Is
laying the pavement in La Gaude.
The stability and general superiority
of this company's pavement ov
er all others in the United
States has been conclusively demon
started, and wherever pavement of a
lasting and at the same tlmj attrac-
crew of men at work laying the pave
ment and the work Is going forwards
with all possible dispatch, and m the
most satisfactory manner, ond when
It is completed the city of La Crunde
will have a pavement which. can not
be surpassed by any city In tho Un
ited States.
ference between Bithullthlc pavement
-M the other pavements. In the ordi
nary macadam the different sizes oi
siones are used in layers, the largest
being at the bottom, and the finer at
the top. In ordinary tar macadam the
stone is coated with tar, and then U is
laid and compressed as with ordinary
macadam. In the standard .Asphalt
pavement the two inch wearing sur
face Is composed of ninety per cent
of ordinary sand, none coarse ihan
one tenth of an inch in diameter, and
The Bltullthic pavement was Invent- ten per cent asphaltlc cement
e. by Fred J. Warren, one of wen That there is a great demand for
J. M. Church succeeded Mr.; McDon
ald as cashier In 1892 ad served until
1905. Mr. F. L. Myers was then elect
ed, and he is now serving In the ca
pacity of cashier. The other officers
of the bank are: George Palmer, pres
ident; F. J. Holmes, vice president:
W. L. Bren lolts. assistant cashier and
Earl Zundel. second assistant cash
ier. The hoard of . directors is com
posed of W. J. Church, W. M. Pierce,
F. J. Holmes, F. M. Byrklt, C. C. Pen
ington. F. L. Meyers. George L.
Cleaver. W. L. Brenholts and George
I'almer.
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GRIOIE SOCIETY
ISeiDE
T
City's Social Affairs are Democratic
in Iharacter, ajd the Rich and the
Poor .MIntrle Freely. ewcomers are
Welcomed With Open Anus.
Laying Bltullthic ravement in La Grande.
tlve character Is desired the com
pany is awarded the contract.
When therefore the city of La
Grande decided to improve Us streets
by paving them this year it was but
natural that its city council should
turn to bithullthlc pavement. Arter a
consideration of it the council de
cided to adopt this kind of pavement
and a contract was entered into with
the company for 31,000 yards of
pavement. The company has now its
brothers. In his invention he sought
to bring about a pavement ' which
would have a greater durability than
asphalt, which would provide r. foot
hold for horses equal . to macadam,
and which would overcome the muddy
and dusty conditions of macadam, and
In it he was successful.
The pavement Is formed by ffilxlaj
different sizes of stones for use ' 'In
the wearing surface In such exact
proportions that the spaces between
this pavement, .and that It la' the
popular pavement or the day is evi
denced by the fact that the company
has laid It in Grants Pass. Boise,
Woodbrun, Cottage Grove, Albany,
Nempa, Twin Falls, Klamath Falls,
Eugene, Baker City, Chahlls, Rose.
burg, Portland, Caldwell, Vancoivec,
Walla Walla, Ashland, Pendelton. The
Dalles, LewiBton and Salem. In ail of
these cities the pavement has given
the best satisfaction.
3655
2fc port of tlt (ttmtbtttan of Ea (6raniU National Bank
of Ea (Sranto, (Drrrjmt,
at tip (Ulnuf of HJuainrftB, &rot. 1. 19in
JSwourrw
Leans and discounts -
U. S. Bonds
Real estate, fnrnitnre, etc .
Cash Assets
Due from banks, $98,849.83
Due from C. S.
Treasurer, i 2,7820
Cash on hand, 59,714X9
' Total
$775,0886
112,000.00
1,10871.73
Ciabililira
Capital Stock
Surplus
Undivided Profits
Circulation
Deposits t
Individual
Banks
V. S. Government
$794,909.77
39,608.60
Total
$100,000.00
90,0004)0
7,412.71
71,1950)0
839,664.02
$1,10871.73
That Is the splendid showing made ,
by the La Grande National bank of
this city, at the close of business on
the first day of September of this
year. The figures tell their own story
tell a story of prosperity and abso
lute financial soundness, and com
ment with relation to them is unnec
essary any farther "than to say that
the institution enjoya the confidence
f the people of La Grande, and all
of eastern Oregon, and that It ranks
with the leading banking concerns
of the state.
That is one story, but there is an
other. The one Just concluded, as has
been said, deals with the present con
dition of the bank from a financial
point of view. The other, and It comes
in very approproprlately here, relates
to the foundation of the institution
and its growth, and the part it has
Played in the affairs of the city, and
surrounding country during the years
of Its existence.
The La Grande National Bank was
established in the year 1887. That 1
23 years ago, and was Just one yMr
after the main line of the O. R. &
N. conmanv had been built into La
Grande. The Elgin branch line of
this company was constructed some
time afterwards in the year 1891.
Prior to the coming of this railroad
La Grande was but a frontier trading
Post, and could boast of, at the best,
but a few: rudely, constructed houses
served as residences, and a few gener
al merchandise stores. With the com
ing of the Iron horse, however, came
also the development of the country,
and this brought business institu
tions, and with others came the estab
lishment of the La Grande National
Bank and to It belongs the distinction
of being the first banking concern
founded in the city.
Those participating In the organi
sation of the bank were: R, M.
Steele, R. J. Rogers, Henry Anson, M.
Baker, Charles Goodnough, Dr. Ho
nan, W. H. McDonald W. J. Snod
grass and H. W. Corbett Henry Fail
ing and James Steele of Portland.
The Corbett, Anson and Goodnough
estates still retain stock in the in
stitution. W. H. McDonald was made the first
cashier, and the 'bank launched out
on Its business career. The country
was becoming developed, and indus
tries were following rapidly in the
trend of the development, and the
bank started off with a good line of
businessThe men who had its man
agement in charge were enterprising
and progressive, and contributed
much to the development of the city
and tributary country. Whenever a
movement was launched which had
the welfare of the city, and surround
ing country at heart, the bank would
always assist, and contributed more
than its share, and the people of 'La
Grande are vastly indebted to this
Institution for the strides of progress
and advancement made by the city
during the past years. Such was the
attitude of the tank in the past, and
the same policy is being carried out
today. Those entering into the com
position of its organization are men of them.
COMPLETE AHO STYLISH
If you are looking for a Bult of
clothes a suit that is stylish, and at
the same time has the wearing quali
ties then C. C. Penlngton has It: or
If you are looking for anything in the
gents furnishing line, or in shoes,
or anything in men's wearing apparel
then you will find, them at Penning
ton's, and he will show them to y u,
and a look at the goods and the p-ioe
at which they are sold will be enough
to convince you that they are all bar
gains, and that It Is time for you 'o
get fitted out for the fall, and winter
season. .
Mr. Pennington came to eastern
Oregon in 1882. That represents a
considerable stretch or years. Tua;
does not mean that he has been en
gaged in the clothing and gents fur
nishing business In La Grande for
that length of time, because he has
not He went Into his present businesi
about two years ago. That la noi u
long time for a man to be In busiuj3s,
but It was : long enough. lor a man
who adheres to a business policy l'Vtt
Penington's, and who handles a first
class of goods, like he does, to bu'ld
up a handsome trade, , and he
Is enjoying today a business that can
not be excelled by any like business in
eastern Oregon.
Nor on the other hand can bis goods
be excelled by any in the eastern part
of the state, or for that matter in the
whole state, and It is because of this
fact, and the fact that his prices are
riKht that he is enjoying his present
large trade, and It is because of those
facts that 'should you be looking for
a suit of clothes or anything else in
men's garments that you should go
to Penlngton.
SHANNON CONDUCTS
FIRST CLASS SHOP
T. M. Shannon Is the owner of one
of the finest harness and saddlery
shops In eastern Oregon, and he car
ries in his stock everything from t
name strap to a complete set of har
ness. ..
Mr. Shannon claims Oregon as his
native state, and before he took up
his residence in the city of La Grande
he made his home at Pendleton. He
became Impressed, however, with this
city, and with the marvelous resour
ces of its tributary country, and last
April .he purchased the old and well
known shoo of George Waggenor.
Since assuming charge of the shop
he has effected a number of improve
ments, and taking it all in all it is
as nice appearing shop as can be
found in any city in the eastern , part
of the state of Oregon.
Mr. Shannon has also added mater
ially to the stock, and it is now
complete, and he is in a position to
supply the public with everything
that enters into the comopsltton of
the line which he represents. The
stock every bit 'of It Is of a super.
lor quality. His prices are right, and
an investigation of them, and the
quality of the stock, discloses the fact
that tie Is giving a better quality of
goods and for a less price than Is of
f ered by the large harness and sad
dlery shops of the east.
He makes a specialty of saddles
and harnesses, and keeps eipertmen
in his employment to manufacture
La Grande society is democratic.
The line of demarkatlon between the
woaltby and the poor is indistinct.
Informal dancing parties, muslcales,
card parties and one or two annual
balls of especial . "tone" constituted
the general trend of society in this
city. ..
Clubs exist between different ele
ments; those favoring cards as a spec
ial pastime, forming card clubs; those
favorln" dancin" as an especially de
lightful pastime create dancing clubs,
and those who are adept and glory
in music have their musical socie
ties. In this way there is room for all
and few are excluded from any one of
the many clubs the only eligibility
rule being that the member be one
of moral character. Newcomers are
received with open arms no matter
what their financially status is.
Chief among the clubs of the city
is the Neighborhood club which has
amalgamated with the Tuesday Musl
cale. Doth branches are conducted
separately yet under one head.
The Kaffee Klatch is a club com-
meets every week, the iadies devoting
one afternoon In alternate weeks to
sewing and handiwork, and one even
ing alternate weeks to cards when
the gentlemen members of the club
are guests. Other card clubs that
thrive and are sources of pastime to
the members are the Five Hundred
Club, the Bridge club and the Da
Cum club.
The La Jaunesse Is a club composed
of eight young ladles who devote
one evening a week to sewing and
during the dancing season supervise
a popular dancing party series. The
B. M. A. is primarily an athletic as
soclation but it "dabbles" with society
occasionally. The high school co-eds
figure at frequent intervals In society
events and three important clubs ex
ist in that circle of the city's society.
The clubs are designated as the La
Volta, De Lykely Tretten and the Ya
ma Yama. In addition to all these
there are numerous church clubs for
the young and the winter months
record parties from these sources that
are an uplift to society as a whole.
The Elks auditorium provide!
splendid facilities for dancing parties
and oftentimes during the height of
the dancing season Impromptu clubs
of young men give retaliation parties
and these are invariably well attend
ed. The local band, rapidly becoming
more and more efficient, also gives
dancing parties, during the summer
season especially, and the fraternal
orders, more especially the Elks, ar-
annually. :
The L. D. S. church Includes a
young people's Amusement associa
tion which at frequent intervals gives
dancing parties. - '
GREATEST OF ILL ILEUS
When Messrs. Green and Sawyer of;
Seattle, this spring purchased 12 1-2
acres of orchard land in the famous
Grande Ronde Valley near the town of
Imbler they little realized that their
first crop of apples would net them
a sum of money sufficient to pay 50
per cent of the purchase price of their
land; but it has, and it ia but one of
hundreds of other Investments made
In orchard land in this valley which
have returned to the owner the first
year an enormous profit upon : his
investment
The land in question was sold by
the La Grande Investment , company
one of the cltyV leading real estate
firms, and the first firm in the city
to inaugurate the policy of sub-dividing
farms into orchard tracts and
place them on the market on the in
stallment plan. This company In con
nection with the real estate business
also handles an immense insurance
and loan business the largest in Un
ion county. It also operates an ah
stract department The abstract books
are kept strictly up to date and is the
most complete set of books in tne
county, and the firm ia therefore able
to turn over to the purchasers of prop
erty abstracts with dispatch and which
are absolutely authentic.
The members of this company are
Wm. B. Sergent,, the president, and
J. K. Wright, the secretary, have the
country, and that it had already1 sur
passed the Hood River. They further
stated that the fruit could be grown
fully at a third lesa in the Grande
Ronde than any fruit section which
they had ever visited. That statement
coming as It does from such eminent
and unquestionable authority is the
highest tribute which could be made to
this valley as a fruit growing section.
and that it la a prediction which will
come true Is a self evident fact to any
one who has visited the three valleys
and made a comparison of them.
As has been stated this firm as the
first to Inaugurate the policy of sub
dividing farms into orchard tracts and
to dispose of them on the installment
plan, and with such favor has this
plan been received by the investing
public that the firm is now sub-dividing
Its third large farm the Pen
lngton farm comprising 360 . acres,
and one of the most fertile farms in
the Grande Ronde Valley. The com
pany's method of handling this class
of property is to divide it into 10
acre tracts, and sell them at $450 per
acre upon the Installment plan. The
company plants the tract with a good
commercial variety of fruit, cares for
it, and then at the end of four years
turns it over to the purchaser. The
orchard is then in bearing condition,
and during the four years the . pur
chaser "has not been subject to the
fullest confidence in the Grande Ronde I payment of any taxes or interest on
Valley, and they contend that it is I his Investment, The total sum paid for
superior as a fruit country to the
Hood River country, and that in the
course of time it will surpass even
the famous Rogue River Valley. In
support of this contention they cite
the statements of Messrs. Simon and
French of the famous commission firm
of Simons Shuttleworth French, of
New York City, who recently made a
visit to the three .valleys. After a thor
ough examination of the valleys. Mes
srs. Simon and French gave It as their
unqualified opinion that It would be
only a question of time until the
Grande Ronde surpassed the Rogue
River. Valley, as a: fruit .. producing
the land per acres by the purchaser is
(450 and that he pays on the four year
Installment plan. . j
The company is also handling city
property In the same manner the
Grandvlew Addition to the city of La
Grande. This addition is subdivided in
to one acre tracts, and is being placed
on the market at a moBt reasonable
price. ; ,'. , , ' . '-. ' ',
The company Is one of the oldest in
eastern Oregon being founded in. 1898
by Mr. Sergent Afterwards it: was
incorporated, and it is enjoying today
one of the best businesses of any firm
in the state.
Ik ," nmf i it in, m , i n un
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One of the Grande Ronde Valley Model Stock Farms