Morning Oregonian., May 11, 1908, Page 13, Image 13

13
G
old CoMpoe
tate
ertificates
Earn Large Profits, Entail No Risk, Are Doubly Guaranteed, Cannot Depreciate, Cashable on Demand, Carry a Bonus,
Interest Bearing, Income Earning, Increased Valuation
The Interest on These Gold Coupon Real Estate Certificates Commenced May 1, 1908,
and Is Now Accruing; Payable Semi-Annually
THE .-MORNING- OREGONIAN, 3IOXDAY, MAY 11, 1908.
G
PROFITS This certificate has four earning powers Bonus, Interest, Income
and Increase Valuation.
NO RISK Its principal and interest is held in trust and hence cannot be misap
plied or dissipated.
GUARANTEE-r-In addition to its funds being invested in Portland Business
Real Estate under a trusteeship, The Standard Trust Company of Portland, Oregon,
guarantees its principal and interest without reservation.
NO DEPRECIATION Regardless of what depreciation may occur in the real es
tate market, these certificates being guaranteed in principal and interest, will never go
below par. 1
CASHABLE The Standard Trust Company will purchase these certificates two
years from their date of issue, paying the principal face value with a 2 per cent bonus
and all accrued interest thereon
INCOME One-half of the net income received from the property held in trust
for these certificates, will be paid to the certificate holders, and available data show
net income should range from 8 per cent to 15 per cent per annum.
INTEREST The interest on these certificates commences May 1, 1908, payable
semi-annually and is guaranteed absolutely, under a trusteeship.
INCREASE VALUE The increase value of Portland Business Real Estate has
been steady and healthy and easily justifiable. Within the last few years the Eastern
money interests have fully realized the many and wonderful resources of Oregon, among
which are its agricultural lands, its timber and its water powers, all needing develop
ment and exploitation. These resources must all pay tribute to Portland, and it is easy
to reason why Portland business property has within the past six or seven years in
creased from 175 per cent to 400 per cent, and it is safe to predict that the next five or
ten years will see even a greater increase.
DIVIDENDS The property purchased and held for these certificates will be so
held under trusteeship for ten years and then sold. The certificate holders will receive
in addition to the face of their certificates and the interest and income paid on them,
one-half of the increased valuation of the property, being the difference between the
purchase price and the selling price of the property, which can easily be estimated be
tween 200 per cent and 300 per cent, for every reason gives evidence that Portland
should have between 500,000 and 600,000 population within the next ten years.
CONFIDENCE This investment must appeal to all who have confidence in Port
Call on or address
land, and all living in this beautiful and glorious Pacific Northwest Country must know
that Portland is destined to be its financial and social center.
DENOMINATIONS These certificates are issued in denominations of from $25
upwards, allowing the small investor the same privilege of profit sharing and an equal
advantage of the large and assured advances of Business Real Estate, as is enjoyed by
the man of great wealth. Remember, the interest commenced May 1st, 1908, and is now
accruing. '
CERTIFICATES The following will illustrate the sources of income from our
Gold Coupon Real Estate Certificates:
Principal Guaranteed Amount Invested
Interest Guaranteed 4 per cent annually
Rental Income '. - ... 4 per cent annually
Increase Valuation 7 per cent annually
Profit on Investment should easily be 15 per cent annually
And as much more as these values increase during the life of these Certificates.
INCREASED VALUES It will be observed in our above illustration of "In
creased Values," we have estimated less than 150 per cent for ten years, while Portland
Business Real Estate has increased in value during the past six or seven years from 175
per cent to 400 per cent, as illustrated by the following:
Property. Sold. Assessed Value. Increased Value
Over 175 per cent
Over 200 per cent
Lot 3, Block 64 $33,000 $81,500
East half Block 43, Couch Add. 70,000 212,500
Lot 6, N. half Block "J" ' 15,000 45,000
East half Block 313 : 25,000 87,500
Lots 5 and 6 N. half Block "I" 45,000 90,750
Lot 17 S. half Block 85 13,000 67,000
Being a total average of over 203 per cent.
Comparisons of this kind could be secured, sufficient to fill many pages.
quotations simply cover ground values, exclusive of improvements.
INVITATION We invite all to call at our offices and we will be pleased to enter
into full detail with them, explaining any subject of this investment which may not at
once be clear to their full understanding.
Just 200 per cent
Over 200 per cent
Over 100 per cent
Over 400 per cent
These
STANDARD TRUST COMPANY
PHONE
Main 8623 A 1139
OFFICERS
WM. H. GARLAND, President H. P. DAVlDSON, Loans
I. W. LANE, First Vice-President E. L DeKEATER, Cashier
A. J. DILLON, Second Vice-President C. M. SCHERER, Trust Officer
JOHN B. MOON, Secretary A. E. CLARK, Counselor
CHAMBER OF COMMERCE BUILDING,
265-67 STARK ST, PORTLAND, OR.
PHASES OF INDUSTRIAL GROWTH IN THE PACIFIC NORTHWEST
ACQUIR
E
SUPPLANT
Rumor Morans May Move to
Grays Harbor.
MEANS MUCH TO REGION
Report lias Resulted In Stimulating
Business in All Lines Backward
Spring Retards Farming Op
erations Help for Ranchers.
ABERDEEN, Wash., May 10. (Special.)
The statement published under startling
headlines In a morning paper of Hoqulam
that the Milwaukee Railway Company Is
negotiating for the plant of the Morans
at Seattle, with a view to removing It to
Grays Harbor and building Its own ships
for the Oriental trade, having Its outlet
from the Pacific Coast at the mouth of
this harbor, has had the efTect of stimu
lating real estate and business.
News of this character is better than
no news at all, and the real estate man
who probably started the rumor, whether
from an actual knowledge of coming
events or from the desire to help busi
ness. Is having the thanks of lu public.
The report Is strengthened at least by
the belief held by many old Inhabitants
that some day Grays Harbor la to be
come a great depot for the shipments of
commerce to the Orient, and any talk
of this kind never falls to have its ad
herents. It Is a fact, however, .nat the
St. Paul Company is putting men Into
this territory now and then for some
scheme, but as railroad men never give
out anything unless compelled, all stories
like the buying of the Moran plant must
be taken by conservative persons with
the usual grain of salt.
Cold Weather Retards.
The continuous cold weather with only
an occasional warm day is keeping ine
Grays Harbor country in a state of indif
ference. Warm weather Is necessary to
create a good feeling at this season of
the year In this section, and nearly every
one is scolding over the backwardness of
Spring. .egetatlon is feeling the indif
ferent weather, as well as the people, and
so far has shown a disinclination to do
much In the growing line. Two weeks
of good sunshiny weather would have a
marked effect on everything in the Grays
Harbor country.
During the past week there has been
talk of more buildings going up, including
one y A. J. Anderson, an oldtlme Aber
deenlte, who has made a fortune in Brit
ish Columbia timber, and is said to be
willing to Invest some of it here. Inas
much as Mr. Anderson owns some of the
best paying real estate holdings In this
city, the news of his branching out Is
likely to have In it some truth.
One of the annoying things of the past
week to loggers is the declaration that
the Government has decided to Interfere
In the obstruction of the, Wishkah River
by the Wishkah Boom Company, to the
end that the ranchers living along that
stream may have Justice.
While the cry has gone forth that the
logging firms on that river may be de-1
barred from doing business, and at great
loss, the general opinion is that it .a
highly Improbable that the Government
is going to do anything that will cripple
the logging interests to any marked
extent.
Help for the Ranchers.
It is thought more than likely that it
proposes to take a hand in getting some
concessions for the ranchers, who have
in the past been almost entirely ignored
In what they consider their rights. , It
Is said they have been at the mercy of
the Wishkah Boom Company for a long
time, and that ine Government has de
cided to give the farmers a hearing is
considered nothing more th.an an act of
real justice. This section must become
agricultural after the timber is gone, and
it is thought a little attention given the
men who have sacrificed much to open up
the country is no more than right. The
result of the action of the Government
will be that the loggers and the Wishkah
Boom Company will not suffer materially
and also tnat the ranchers will be given
what Is their due.
The sale of the Daily Bulletin plant the
past week has stimulated Interest in ine
newspaper field. For some reason or
other, Aberdeen never has had a first
class newspaper, and yet the public has
given very good support to indifferent
publications. The new proprietors of the
Bulletin have decided to change the name
to the Grays Harbor Journal, which, of
course, Is immaterial, if a good paper is
sent out.
This is promised In new equipment, new
editors, new reporters and a new staff
all around, fully capable of keeping up
with the gYowIng needs of the Grays
Harbor country.
WILL BUILD MASONIC TEJIPLE
Klamath Falls Ijodge Will Erect a
$25,000 Structure.
KLAMATH FALLS, Or., May 10. Spe
cial.) Klamath Lodge, No. 77, A. F. and
A. M., has voted to Issue bonds in the sum
of $25,000. in series 5-30. 10-20 and 15-20-year
Issues, to bear 6 per cent interest,
for the purpose of acquiring a lot and
building a Masonic Temple. The lot had
already been selected, being at the corner
of Main and Fifth streets, adjoining the
present hall, where communications are
held In the second story of a frame store
building. The price paid for the lot.
with 60 feet frontage on Main street and
a depth of 100 feet on Fifth street, was
$150 per front foot, or $9000.
The Inside partition wall will be con
structed in conjunction with the building
of the owner of the inside lots, and with
the entire space filled with a new brick
block it will make the .block between
Fourth and Fifth streets a solid brick.
Occupancy of the first floor has been par
tially arranged and the Ixdge Is assured
an Income that will meet Its Interest ob
ligations and create a sinking fund to re
tire the bonds.
The bonds will In all probability be
taken by the members of the Lodge, and
it is doubtful if any will be offered to
outside investors.
Stockyard for Cliffs.
CLIFFS, Wash., May 10. (Special.) A
large stockyard, of sufficient capacity to
handle 31 cars of stock at one time. w..i
be built at Cliifs by the Spokane. Portland
& Seattle Railway Company, on their
grounds opposite tneir track and repair
yards, next to the Columbia River. The
site has been selected and work will be
begun at once to accommodate those who
want to ship out several carloads of mut
ton sheep this month. . All stock passing
through Cliffs will be unloaded, fed
and watered at these yards.
SELECTION IS MADE
Government Withdraws Lands
for Wapato Project.
INCLUDES 50,000 ACRES
Action Will Hasten Opening of Yak
ima Indian Reservation Great
Tract or Irrigable Land to
Be Sold to Settlers.
NORTH YAKIMA, May 10. (Special.)
The most Important part of the prelim
inaries to the opening of the Yakima
reservation has been completed, earlier
than was expected here, by the selection
by the Department of the Interior of
the lands to be withdrawn from entry
for the Wapato project. The selection
of these lands means that the work of
classification of the lands comprised in
the 1,146,000-acre tract to be made avail
able to white settlers Is nearing com
pletion, and that there is a possibility
that the reservation will be opened late
next Fall, in accordance with the orig
inal plan of the Department, and cer
tainty that this will not be delayed
longer than early next Spring.
The withdrawal of these lands means
that when they are restored they will
be available under the homestead laws,
subject to an additional charge, repre
senting the agreed price at which the
Indians sell 60 out of each 80-acre allot
ment, payable in annual Instalments, and
the charge for water, which will amount
probably to about $25 an acre.
Includes 50,000 Acres.
The lands withdrawn aggregate in ex
tent about 12 townships, or 60,000 acres,
situated on the Northern Pacific Rail
road and in the vicinity of the reser
vation towns of Toppenlsh and Wapato,
and consist of valuable orchard land.
The intensive culture of this large tract
of land, which will follow the opening
of the reservation, means, a great in
crease in the productiveness of the Yaki
ma Valley and the commencement of
a more prosperous era for the merchants
of the cities.
That there will be a lively competition
for the lands under the Wapato project
is cbrtain. Day after day the local
United States land office receives in
quiries from all parts of the country,
and particularly from the Coast sections
of Oregon and Washington, and the lands
available will be settled up promptly on
the opening of the reservation. Those
homesteading in the irrigated belt will
be required to conform with the laws
governing homesteads, such as residence,
etc.. but they will acquire at very low
cost land worth in reality at least $200
or $300 per acre.
The townships withdrawn are: 10-18,
11-18, 10-19. 9-20. 10-20. 8-21, 9-21 east and
parts of townships 10-16. 10-17, 11-17, 12-18.
8- 19. 9-19. 11-19. 12-19. 11-20. 10-21, 8-22 and
9- 23 east, aggregating about 72 square
miles of land.
The land withdrawn stretches from the
northeastern boundaries of the reservation
in a broad sweep westward past Fort Sim
coe, and together with the land now under
the Wapato ditch will mean an area of
irrigated land of 120 square miles, three
times the area to be watered by the
Tieton project. It Is claimed, also, by
those familiar with the land of the valley
that the soil in the area under the
Wapato project is better than that un
der the Tieton, and that the irrigation
to be obtained partly by damming the
Slmcoe and Toppenish creeks will cost
a great deal less than the Tieton Canal.
RESUME WORK IN MINES
HARD TIMES INDIRECTLY BEN
EFIT SUMPTER DISTRICT.
Properties Long Idle on Account of
High Prices of Labor and Ma
chinery Reopened.
SUMPTER, Or., May 0. (Special.)
With the coming of Spring, mining around
Sumpter is on the boom. The J. B. Sipes
Company is starting up the Doane &
Gleason property. Nearly all the pay
ments have now been made on this prop
erty, which has been under bond to the
company for $75,000. This bids fair to be
a rival of the North Pole mine and some
of the finest specimens ever brought Into
Sumpter have been taken from the dump.
At the Buffalo Monitor there Is a pile
of high-grade ore on the dump that would
make the worst kind of a pessimist smile.
Under present conditions this must be
shipped to Tacoma for treatment. Ar
rangements have been made to pay off
all the labor claims of the Sumpter
smelter and with the building of the
Eagle Valley Railroad from Baker City
Into the iron and copper belt the smelter
will soon be running again.
All the placer properties In this section
are now being operated, with good pros
pects for the season.
It is understood that the North Pole
mine has struck another "glory hole."
While nothing Is ever given out for pub
lication, it is a well-known fact that the
North Pole pays handsome dividends out
side of these immense strikes which are
made at frequent Intervals. The Golden
Chariot, a property located almost within
the city limits, and which has had its
ups and downs, has been reorganized and
will proceed at once to sink a shaft to a
depth of 500 feet. The ore In this property
is 90 per cent lime and has been and will
be in future worked at the smelter free of
charge. Anything above three-dollar ore
will pay dividends in this property. A
quantity taken from the upper levels car
ried as high as $100 In gojd.
The Zodiac claim, formerly known as
the Constellation group, has been sold to
Cincinnati people, who will at once com
mence development by installing an elec
tric plant attached to the Kreemont Power
Company's line, which crosses this prop
erty. This has been known for years as
a tine property but has been slow of de
velopment on account of being in a very
inaccessible part of the country. With the
building of this power line and a road
leading to the property, it will now come
to the front.
The Wheeler properties, consisting of
the Blue Bird, Independence and Ophir,
will be worked at an early date. These
are owned by New York people and with
the loosening up of the money market in
New York will be operated on an exten
sive scale. It is said that as soon as some
new machinery can be installed these
properties will become dividend payers.
While hard times hit this country, It
Is predicted that the cheaper machinery,
cheaper merchandise and cheaper labor
there will be a greater incentive for capi
talists to put their money into gold mines.
For the past two years It has cost so
much to do development work that capi
talists were very slow to spend money in
this way. Under present conditions ore
that would not pay at all one year ago
will pay handsome dividends. In other
words ore that cost $10 to work last year
can now be worked for $8, and the opera
tor still get $10 for his gold from each
ton.
Oregon People in Chicago.
CHICAGO, May 10. (Special.) Oregon
people registered at Chicago hotels today
as follows:
From Monroe Joseph M. Herron and
wife, at the Auditorium.
From Portland J. B. Belderback, at the
Great Northern.
Ranan shoes fit the feet. Rosenthal's.
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BAKEK COCNTY APPLE LAND IN
GREAT DEMAND.
PRUNE ORCHARD AND GENERAL. FARM OK A. I.. WEST, NEAR SALEM.
Over 1000 Acres or Irrigated Tracts
Sold In Year Eagle Valley-
Possibilities.
BAKER CITY, May 10. (Special.) An
industry which promises to become one
of the most Important and productive In
Baker County is that of fruit raising,
and many people are Jurt beginning to
realize the possibilities of this section In
that line. The Baker Irrigation Com-,
pany has been instrumental In bringing '
to notice the wonderful productiveness
of this soil and the rare quality of fruit
that can be raised here. Apples grown
In Powder Valley have the quality of
keeping from one to two months longer
In the Spring that the fruit grown In
other sections of the state. Because of
this peculiar quality the Baker Irriga
tion Company Is setting out thousands of
trees on its land which lies a few miles
northeast of this city.
During the past year more than 1000
acres of land have been sold on Sunny
slope, a district about three and a half
miles northeast of this city. The land is
now under Irrigation and most of it has
been sold in five and ten-acre tracts. The
people who have Invested in this land
have shown their confidence In the future
of fruit raising by planting most of this
land In fruit. This land has sold at $100
an acre and in a few years will be well
worth $400 to $500 an acre. The land has
advanced $15 per acre since it was placed
on the market.
Various localities in Baker County are
well known because of the fruit they
produce. One such Is Eagle Valley,
which promises to gain a reputation that
In a few years will rival that of Hood
River. In this veritable Garden of Eden,
40 miles east of Baker City, land is now
selling at from $100 to $200 an acre, and
there is not much to be had even at that
price. Tomatoes in large quantities are
raised In this valley, hauled over country
roads to Baker City, and then shipped to
Portland. Even In this way money can
be made by the growers.
Apple-growing is one of the mainstays
of the valley and many people who are
competent to judge say that if the grow
ers would take care of their tree? they
could produce an apple that would be
superior to that of the famous Hood
River. The growers have not taken much
care of their trees and have begun to
realize that this Is an Important part of
the Industry. With proper care, the trees
of this valley will produce the finest of
apples. With the coming of the Eagle
Valley railroad fruit-growing will be
greatly stimulated.
Rain Needed on the Range.
BURNS, Or.. May 10. (Special.) The
month of May opened here with a fine
rain, which is much appreciated. The
Spring has been dry and there is a scar
city of water on the range which is an
noying to cattle and sheep owners. The
crops, however, are In no danger yet and
as May and June are the months of crop
making rains there Is no fear of the
season's results. The earliest fruit buds
were caught by a frost last week, but
the general blossoming had not yet be
gun, so the actual damage was slight.
The United States land office made 87
original homestead entries during April,
the best month's business in that line in
its history. It shows the rapidity with
which Harney County is being settled.