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THE ONTABIO ARGUS, ONTARIO, OREGON, THURSDAY, JULY 27, 1922
f
n
JNREAL ESTATE WORLD
The Statistical! Sees Now Figures
That Will Upset Present Stan
dards of Valuo
Wellesley Hills, July 22, 1922.
Roger IV. Babson, advisor to over
SQTenteen thousand of the country's
leading executives, has called an
other turn.
In a statement Issued today he
outlines coming conditions in the
realestate field and advises the pur
chase of suburban property before
it Is too late.
"The big movements in real es
tate usually get well under way,"
says Mr. Babson, "before anyone
realizes what is going on. "Because
they have seen land unused for
yeirs most people think it will al
ways continue to do so. This is why
the original holder seldom makes
any profit from real estate. The
value is so close to his nose that he
does not see it.
"A fundamental change in real
estate values is taking place. So
far it has proceeded quietly without
much publicity. Few people have
1
A few wise heads have . oponlng up millions of
realized It
discovered the bargains in country
homos and they are quiefly buying
up all the land they want for them
selves and as much more as they
can carry for a speculation.
"My advice to those who want
suburban real estate is to buy at
once. For the past decade of more
people have been crowding to the
cities. Now, however, a reverse
movement to the country is begin
ning which promises to be the
greatest shifting in population since
thesinsitution of the railroad. With
in the next ten or more years the
building of suburban homes should
rival the growth of the automobile,
good roads, movies, the phono
graph radio.
"In fact, these inventions make
possible (the suburban movements.
A few years ago country homes were
limited to the rich or to those em
ployed in the country, because only
such people 'could afford means of
transportation. Now automobiles
nave, come within the reach of the
great middle class of people. They
aro increasing at the rate of more
than a million a year. Ten years
ago there were 1,000,000 passenger
automobiles in the United States.
Today there are abput ten million,
which is an average of one car to
about every ten people. They are
bringing new and better roads and
Every surplus dollar not actually hidden, away
is earning money for some one.
Until you have a better, permanent investment
for your funds, a savings account at this Bank
is the ideal employment for them.
Do not let a single dollar lie idle. Put it to
work here.
ttfcqr
acres of
hitherto inaccessible land. The
moro cars purchased, the more fam
ilies there aro who can have a su
burban home, oven tho the broad
winner must work in the city. Wage
earners during the last period of
prosperity spent their money for
motor cars; in the next period of
prosperity they will buy country
homes.
"Tho motion picture has put tho
local town hall on par with the city
theatre. The motor truck is giving
tho rural or suburban dweller near
ly the same freight and express fa
cilities as has tho city.
Motor bus lines are covering
routes which never could be served
by trolley cars. Automobiles are
bringing school houses and the vil
lage to within a few minutes of the
country homo. Chain stores are
carrying to every community tho
samo efficient merchandising as the
city dweller enjoys. Last but not
least, the radio, especially if de
veloped on General Sqijjro's wired
basis, gives to suburban homes the
finest city lectures and music
"Tho reason for suburban expan
sion, however, .is not alone the at
traction of a country home. In the
cities congestion of dwelling house
space and high rents long have been
brewing discontent. For moro than
five years now these conditions have
existed. Rebellion on the part of
tho rent payer is reaching the point
of explosion. Almost any kind of a
change would be attractive. Once
the average city worker realizes
that with a few hundred dollars and
a fllver he can get a house of his
own with all the land he needs, the
chances are two to one he will
move.
"The city no longer has a wall
around it. Railroads make the
first breach, but the railroads
opened up only narrow strips along
their lines radiating from the city.
In most cases the railroads followed
the valleys and low lands, which
are not the best building location.
Between these lines are miles of
land much more desirable for build
ing, but which have been inacces
sible to the commuter because men
had no means of getting to the
train. It is in these areas between
the railroad lines and within a ra
dius of 15 or 20 miles qf the cities,
which the motor car and good roads
have opened up, that'the most spec
tacular development In new build'
ing should take place.
"If you are interested In real es
tate the situation demands action.
It means that if you want to buy de
sirable suburban land near any
good city at present low prices, you
will have to go about it at once.
In selecting such property, a good
plan usually Is to follow out the best
resident strcen and buy where land
begins to sell by the acre Instead of
by the foot. On tho other hand, if
you town city dwelling house proper
ty which cannot be converted to
business uses, the quicker you get
rid of it tho better. This does not
apply to business buildings nor to
property which will soon be in de
mand as tho business section of tho
city expands. It does apply to
othor city dwelling houses for which
such extravagant rents are now bo
ing demanded. Romember that
while tho readjustment in Industry
is well along, tho readjustment in
real estate has only begun.
"Some may ask why industry
does not move to tho country? Be
fore many years have passed we
probably shall see a strong tendency
in that direction. Many businesses
can bo carried on In the country far
moro efficiently than in the city.
This idea that all offices and fac
tories must bo located in the pop
ulation centers is simply a notion
handed down thru generations. In
the old days industry was confined
to the city and the country was left
for agriculture. That was before
the age of modern transportation.
Of course, it must continue true in
case of distributing houses. Whole
salers, jobbers, merchants, etc., who
group together according to their
Industry in a certain part of the city
greatly facilitate buying.
"Manufacturers, however, find
better labor conditions, lower rents
and better power In the country.
Hence, I would not dispute tho point
with anyone that business eventual
ly may tend toward tho suburban
sites. "For the present, however",
concluded Mr. Babson, "the main
movement will be confined to tho
buying of country residences. Thoso
who are planning eventually to ovn
a country home Bhould get busy at
once, for every week you delay Is
likely to cost you money."
IRONSIDE NEWS
LOOK FOR
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Pure and Wholesome Foods
Tho first rain for many weeks
fell Wednesday, delaying haying for
a couple of days.
One of the best ball games of the
season was played hero last Sunday
with Westfall. The score was 6 to
7 in favor of Ironside.
Mr, and Mrs. Hr C. Elms, Mrs. F.
Q. White and' daughter, Norma, at
tended tho ball game from Unity.
Mr. and Mrs. Alvin Busly spent
the week end here with her parents,
Mr. and Mrs. James Ehus.
Lloyd Judy was an Ironside visi
tor Sunday from Unity.
Fred Elliott of Unity was in this
vicinity a couple of days this week
on business.
Mr. and Mrs. Archie Murray of
Baker, visited their son and family
Mr. and Mrs. Hardy Murray on
Camp Creek and Mrs. Murray's
mother and family.
F. Smith and family of Brogan
were Ironside visitors Sunday.
Mrs. H. C. Elms and Mrs. W. J.
Hinton motored to Unity Sunday for
a few days visit with relatives.
Gov. Oicott passed thru hero
Tuesday on his tour thru Eastern
Oregon.
Walt Meacham of the Commer
cial club of Baker, passed thru this
sectlpn Tuesday enrouto to Ontario.
State Highway commissioners
passed through Ironside onroute to
Vale and Ontario Tuesday.
Mr. McKamey of Payette, brot in
a load of fresh fruit and vegetables
Wodnosday. '
Mr. and Mrs. Hub Walters of
Camp Creek, wont to Ontario Wed
nesday for medical treatment. Mrs.
Walters was suffering with an in
fected finger.
Mr. and Mrs. E. J. Beam and
daughter, Vivian and Mr. Ray Wiso
attended tho sale of Steve Kobach
near Malheur City, Friday.
John Westfall has returnod homo
from Ontario where ho has boon
,under treatment for stomach
rouble. H. Wnqffnll of flntnrln.
! accompanied him.
E. A. Stagner of Fruitland, Idaho
was in this vicinity Friday with a
load of Blng cherries.
Frank Auderson was an Ironside
visitor Friday.
Fat Mulligan arrlvod here Wed
nesday from Ironside mountain for
a load of supplies.
No Failures
When a "Big and Cheap"
can of baking powder is
offered you LOOK OUT.
Every can of Calumet is
the same keeping Qual
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The moderate cost of
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BAPTIST CHURCH
Bible school, 10 a. m.
Morning worship, 11 a. m.
Junior and Senior B. Y. P. W. at
7 p. m.
Gospel service 8 p. m.
In tho pastor's absence tho pul
pit will bo supplied.
Chas. II. Blom, Pastor.
The World's Greatest Baking Powder
UNITED PRESBYTERIAN OHUUCH
Sabbath school at 10:00 a. m.
Mrs. C. O. Bingham, Supt
Preaching service at 11 a. m.
F. E. Springer, MInlaterr
A hearty welcome to all who have
no other church home in Ontario.
FOR SALE 140 acres 7 miles S.
W. of Ontario, Oregon, on hard
surfaced road to Vale. Good water,
good house, fine shade and good
water right. Fine place for one
wanting to buy a home. Four thous
and dollars will swing deal, remain
der on time. For particulars write
T, A. Cox, Lincoln, Illinois. 30tf.
Successful Graduates
Are the Best Recommendations of
U. A. Vj.
This institution offers n thorough, practical, and standard educa
tion at a cost within icnch of thu high school graduate-
It offers training for collegiate degrees In:
Agriculture Mines
Commerce Pharmacy
Engineering and Mechanic Arts Vocational Education
Forestry Chemical Engineering
Home Economics Military Science and Tactics
It offers training also in: Tho School of Music, Physical Edu
cation, Industrial Journalism.
Fall Term Opens September 18
For circulars of Information and illustrated booklet, write to
THE REGISTAR, OREGON AGRICULTURAL COLLEGE
Corvnllls, Oregon
TELL your dealer you want
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ANHEUSER-DU3CH. INCX. ST. LOUIS
Boyer Bros. & Co.
Local DUtrlbutor
Ontario, Oregon
Tfii l
"See McFall and See netter"
DR. J. A. MTALL
Eyesight Specialist, Ontario, Ore.
WE GRIND
OUR OWN
IvENSKS
Phono 11