Morning Oregonian. (Portland, Or.) 1861-1937, May 13, 1908, Image 11

Historic Oregon Newspapers

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

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Newspaper Page TextII ertifl 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 TIITj MOKXING OREGOXIAX, WEDNESDAY. MAY 13, 1908. Coiipoii Rea Estate C cates 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 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. j GUARANTEE 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. 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 . Prof it 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 Busmess 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 $81,500 212,500 45,000 87,500 90,750 67,000 .Lot 3, Block 64 . . . $33,000 East half Block 43, Couch Add.. ... H, . . 70,000 Lot 6, N. half Block "J". ... 15,000 East half Block 313 , 25,000 Lots 5 and 6 N. half Block "I" ,. . ., 45,000 Lot 17 S. half Block 85 13,000 Being a total average of over 203 per cent. Comparisons of this kind could be secured, sufficient to fill many pages. quotations simpiy cover ground values, exclusive or 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. Over 175 per cent Over 200 per cent Just 200 per cent Over 200 per cent Over 100 per cent Over 400 per cent Theso PHONE Main 8623 A 1139 STANDARD TRUST COMPANY OFFICERS WM. H. GARLAND. President L W. LANE, First Vice-President A. J. DILLON, Second Vice-President JOHN B. MOON, Secretary H. P. DAVIDS ON, Loans E. L DeKEATER, Cashier C M. SCHERER, Trust Officer A. E. CLARK, Counselor CHAMBER OF COMMERCE BUILDING, 265-67 STARK ST PORTLAND, OR. LAYS BLAME ON COUNCIL MAYOR LANE FINDS NEW PLAN TO GET EVEN. Will Hereafter Charge Defects In City Water Supply to tlie Aldermen. Mayor Lnne has hit upon a new plan to annoy the members of the Council, ten ;f whom are openly opposed to his ad ministration, and at a three-hour session uf the Water Board yesterday afternoon he "started the hall rolling," as he ex pressed it. The latest little feature to he tried by the Executive is to lay at the door of the Council blame for lack of funds to put in water mains in various localities, whenever it becomes necessary for the Board to reject a petition for water in any community. The Mayor is highly delighted over the prospects of his latest scheme to keep the Councilmen busy explaining their position to constitu ents, and he laughed heartily when tell ing people on several occasions at the session yesterday that the Council is to Manic for shortage of money with which to extend the water service. "I will start the ball rolling on that little matter of fire hydrants." said the Mayor, who was presiding, when several petitions for water were presented. "The Council appropriated out of the water tund 42,ooo, to be used for the purchase of tire hydrants, and I Intend to explain this to the people who come in here with requests for water, and we are obliged to refuse them because of a lack of funds. Let the Council fight this matter out with the people. I intend to tell the people about this every time they come in here to secure water service that we cannot give them because of a lack of funds." The Water Board opened bids for va rious supplies in the department, and awarded the contracts to the lowest bid ders. The Crane Company, of Portland, bidding for the American Cast Iron & I'ipe Company, an Eastern firm, secured the award for 400 tons of 6-inch pipe and 000 tons of 8-inch pipe, at $30.90 a ton. The same company secured the contract for $2672 worth of gates and valves, and the Roe-Stevens Company was awarded the contract for $2550 worth ofysleeves and valves. Other small lots of supplies were also ordered. Dr. A. Tilzer, by counsel, presented to the Board a claim for $2500. which he says is due him for an injury to his ankle, caused by falling into an open stopecock on a water tap in front of 2I9 North Twenty-third street, last Fall. The mat ter was referred to the City Attorney. A t petition from the Columbia Univer sity, seeking a meter rate for water, was considered, and finally referred to the Engineer of the Board for investigation. Agents were present also to ask that the Board take action, looking toward the laying of mains to connect the ground purchased by Swift & Company, on the Peninsula, with the city water system. It was shown that the certain location of the big industry in that section of the country would cause a rapid sale of prop erty and- a great building boom there, and that plenty of water would be an urgent necessity, if the growth of the community is not to be retarded. The Board took this matter under consideration. The Board granted In part the petition of residents in the district lying just east of Sunnysldc. for a water main, and or dered an 8-lnch pipe laid on Belmont, from East Thirty-seventh and East Forty-ninth streets, as soon as the grade is laid out. This will cost $SS80. Oskar Huber, representing the Barber Asphalt Paving Company, petitioned the Hoard for a reduction in the water rates paid by his company. Mayor I.ane jo cosely remarked that Mr. Huber should teek a more moderate rate from the j Council, and invited Mr. Huber to appear before that body this afternoon to ex plain the situation. Mr. Huber agreed to do so. After having for several months loft on the table a proposition to purchase from Dr. White a private water system In Center Addition, the Board yesterday rejected it. The sum of $11,000 was asked for the plant. The members of t.ie Board seem disinclined to buy any portion of the various private systems that up to this time have been furnishing water to vari ous sections of the city. BIDS OPENED FOR BONDS Committee Receives Tenders but De fers Awards. An informal meeting of the ways and means committee of the Council was held yesterday afternoon. Chair man Rushlight and Councilman Cottel being the only members present. Bids were opened for an issue of improve ment bonds, and the highest bidders were selected, but no formal action was taken, because of the fact that no quorum could be secured. The bonds bear interest at 6 per cent, and run for seven years. The highest bidders are as follows: Vancouver National Bank, $10,000 worth at par and i per cent; Stustoff Bros., $10,000 worth at premium of 3 per cent: J. H. Albert, $5300 worth at premium of '2 7-1; A. H. Maegley, $2318 worth at premium of 2; Mrs. Lute Pease, $3500 worth at 24 premium; A. Tichner, $2000 worth at 2t premium. The sale will probably be made to day, either at a special meeting of the committee, or by the Council, which will meet in regular session this afternoon. MUSICAL PROGRAMME To Be Rendered at the Cream Storo Thursday Afternoon. The following programme will be rendered at the Hazelwood Cream Store, 3S8-90 Washington street, Thursday after noon, between the hours of 4 and S o clock: Selection from Rlgoletto. Verdi-Pi etrapertosa Contralto solo, "A Dream". . .Bartlett-Odell MfM RoBina MclntoBh. Caprice dl Concert, "Life's Lighter Hours" Wells-Ode!! Trio for myrlmbaphonee, "Somewhere" . . . Harris-Webber Merors. Pratt, Tompkinfc and Pratt. Contralto olo. "A Pretty Girl" (from Wang) Morse-Webber Miss Rosina Mclntoah. Symposia Waltzes Bendix-Odel! SEE TODAY'S AD . .U.i ..I. UnAllan fi McDonnell, corner Thfrd and Morrison. Northwestern people in New York. NEW YORK. May 12. (Special.) Peo ple from the Northwest registered at New York hotels today as- follows: From Portland G. A. Learn, at the Hermitage; M. Basell, at the Broadway Central; T. B. Wilcox, at the Holland; L. B. Larsen, at the Gilsey; Miss E. H. Hol brook. at the Continental; G. Lang, at the Breslln; J. W. Matthes, at the Hoff man. From Seattle A. K. Ricker. at the Al bany; Miss H. L. Igoe, at the Breslin; Mrs. H. J. Vanderputte. Mrs. R. Con rlaux and Mrs. F. E. Kelley, at the Wol- cott. Olvmnlfl Tl.a. v. - , ery s own bottling. Phones. Main 671. A 2487. Hanan shoo fit the feet. Rosenthlra. L SUIT IS FILED NORTHERN PACIFIC RAHAVAY IS MADE DEFENDANT. Harrimart Corporation Asks That the Hill Company Be Compelled to Fulfill Its Contract. Still another chapter to the terminal controversy In Portland was begun yes terday when the Northern Pacific Ter minal Company filed a suit in the United States Court to require the Northern Pa cific Railway Company to fulfill the con ditions of a lease to its right of way ex ecuted In favor of the plaintiff coroora- tion in June. 1890. About 2400 feet of railroad right of way are involved in the suit, which will be heard at the July terra or the Federal Court. It is alleged by the Northern Pacific Terminal Company that the plaintiff cor poration was organized In 1882 by the Northern Pacific Railroad Company, of which the. Northern Pacific Railway Com pany is its successor, owner of 40 per cent of Lie stock; the O. R. & N.. owner of 40 per cent of the stock, 'and the Ore gon & California (Southern Pacific) own er of the remaining 20 per cent of the stock. When the Northern Pacific Ter minal Company was formed, it is averred, the corporation controlled the lines of track In the terminal yards extending northerly to a point where the lines of the Northern Pacific Railroad Company connected with the tracks of the terminal company. In 1885 the northern limits of the city were extended still further north erly, and in June, 1890, the Northern Pa cine Railroad Company agreed to lease to the terminal company at a fair and reasonable rental, and for a period equal to the life of the latter, which was per petual, the right of way then owned by the plaintiff company from the north ter minal limits of the terminal grounds at the north end of the city, to the ' north boundary limit of the city, as it then existed, and to permit plaintiff company to construct sidetracks and crossings in order to reach the manufacturing indus tries in that section of the city, and fur ther carry out the purposes for which the complaining corporation was organized. Subsequent to the date of this agree ment, the property of the Northern Pa cific Railroad Company was transferred to the Northern Pacific Railway Com pany. It is alleged by the terminal company, which is a Harriman property, 60 per cent of the stock being owned by the Union Pacific interests, that the North ern Pacific Railway Company has failed to execute the terms and conditions of the lease executed by Its predecessor, and which was acquired by it in the transfer of the property. The Federal Court is asked to require the Hill line to live up to the terms of the lease. Exchange Land for Claims. R. 6. Howard, receiver " for the Title Guarantee & Trust Company, yesterday petitioned United States Judge Wolverton for an order dtrect-ng him to exchange some tracts of land included in the assets of the defunct bank for olaJms held toy de positors. Judge Wolverton fixed Thurs day, May 28, ae the time for hearing ob jections to the petition. Date Set for Hearing. United States Judge Wolverton yester day appointed Wednesday, May 20. as the time for hearing arguments in the suit of the O. R. & N. Company against the Oregon Railroad Commission and Attorney-General A. M. Crawford. This is the suit filed by the O. R. & N. to enjoin the Commission from enforcing Its recent or der for a reduction of the company's dis tributive rates between Portland ana points east of The Dalles. Counsel .or the railroad also attacks the constitu tionality of the Commission and the valid ity of the act by which it was created. ST. JOHN CLUB ELECTION J. F. Hendricks Chosen President of Business Men's Organization. At the annual election of the St. John Commercial Club the following officers were elected: President, J. F. Hendricks; vice-president, W. A. Moxon; secretary, George J. Perkins; treasurer, John Edelf son. Mr. Hendricks has been a resident of St. John only a few years, but has taken part in all public enterprises. He Is" a business man and recognized as a .-. V T J. F. Hendricks, New President ! of St. John Commercial Club. I ................. 4 public spirited citizen. His election as president of the club is regarded as a great gain for that organization and will tend to make it a strong factor in the upbuilding of St. John. The re-election of Mr. Perkins was In recognition of his work in behalf of the club and St. John for the past two years. It has been due to Mr. Perkins' efforts that the St. John Commercial Club has continued to exist. Mr. Perkins has worked in season and out of season to maintain the organization. SAYS BODY IS HIS WIFE'S i Wilkins Will Try to Prove Mrs. Car- min Alive. SAN FRANCISCO. May 12. From his cell in the Alameda County jail, where he awaits sentence for the murder of Mrs. Vernie Carmin, formerly of Spring field, Mo., Mark A. Wilkins yesterday sent out word that the woman who had lived at Elmhurst as his wife and whose body he burled in a shed behind their home, was not Mrs. Carmin. It was said that the attorney for Wilkins was now on his way from Kansas City, where he went to secure positive information that Mrs. Vernie Carmin still Uvea, and that she was never the associate or companion of Wilkins. If he brings back the proof of what Wilkins claims, it will give the imprisoned man at least a temporary' re spite from the gallows. MANY PASTORS CHANGED EVANGELICAL ASSOCIATION'S AP POINTMENTS. Annual Conference Removes Many Ministers Who Had Staved as Long as Allowed. The annual Oregon conference of the Evangelical Association, which closed Its sessions at Little Falls. Wash., Monday, changed every minister of that denomina tion In Portland to other churches in the state, and only returned four ministers in the conference to their former charges. This general moving of ministers was due largely to the fact that they had re mained at the churches as long as the rules of the association permit. Rev. The odore Schauer. who had been pastor uf the First German Church, was made presiding elder for Portland district and Rev. S. E. Siewert: of the First English Church, East Sixth and Alder streets. goes to Tacoma First Church. Rev. Frank B. Culver was assigned to the First English Church, where he was pas tor lor a snort time several years ago. Rev. H. O. Henderson, of Lents, was cnangea to liberty-street Church. Salem. Rev. N. Shupp, a well-known minister. who had not been in active work for a number of years, was assigned to MI1- waukle and Jennings Lodge. It was decided at the conference that the First English Church, East Sixth and Market streets, built nearly 30 years ago. snouia De replaced with a modern edifice, in keeping with the growth of Portland. This matter was referred to the church extension commission, a new body, com posed of Rev. Theodore Schauer, Rev. H. E. Hornschuch, Rev N. Shupp, Rev. F. Benz and Rev. S. E. Siewert. The con ference approved the resolutions passed by the Portland Evangelical Ministerial Association for the United Evangelical, and Evangelical Association to hold Joint conference camp-meetings and conven tions on the common grounds at Jennings Lodge, but referred the other resolutions pertaining to federation to the commit slon of the General Conference to prevent contusion. Bishop S. C. Breyfogel will be In Port land today and will address a general mass meeting tonight in the First Eng lish Church. East Sixth and Market streets, under the auspices of the Evan gelical Ministerial Association and Unit ed Brethren Church. Following are the appointments: Portland district, Theodore Schauer, presiding elder Portland First German. F. Benz; Portland First English, Frank B. Culver; Memorial, M. Heverllng; Mil waukle and Jennings Lodge, N. Shupp; Lents, J. A. Goode; Oregon City, C. H. Lucas: Highland Mission, W. H. Wettlau- fer; Little Falls, F. W. Launer; Tacoma, S. A- Siewert; Seattle, T. R. Hornschuch; Seattle, Grace Mission, to" be supplied; Snohomish, to be supplied: Belllngham. E. D. Hornschuch; Everett. G. W. Plum- mer; The Dalles and Dufur. J. H. Spaar; A. Weinert, conference field secretary of Sunday-school and the Young People's Alliance; J. E. Smith. Portland, member First English Church quarterly confer ence; J. K. Elmer, member First German Church quarterly conference; A. E. Mey er, member Memorial Church quarterly conference. Salem district, H. E. Hornschuch, pre siding elder Salem, Liberty-street Church. W. A. Gueftroy; Salem, Cheme keta Church. H. O. Henderson; Frultland, E. Maurer; Kings Valley, to be supplied; Jefferson, F. M. Fisher; Albany, A. R. Geil. Sweet Home, J. Stocker. under i charge of H. R Geil; Monmouth. L. C. Hoover; Can by. C. W. Ross; North Port land and Tigardvllle. German, E. G. Hornschuch; Tigardvllle and Chehalera, W. E. Simpson; Verona, to be supplied. Tender Soles It's charitable to your shoes, but not fair to your feet to blame your soles when they smart and burn. Your soles are intended to stand plenty of use, and they will if your shoes are right. Stand on the smooth inner Crosse tt sole ccovforming the foot comfortable, for hours of ETT HOE Males ufymxss" BENCH m m - 9t U KJ CALL OT TOUR DEALER OR WRITE US. MAHC f LEWIS A. CROSSETT, Inc. $00 NORTH ABINQTON. MASS. i Brand Coffee. the one coffee that he has encountered in his en tire experience - that gives absolute satisfaction. Ask Mm the brand that such of his customers are buying who have not been able to drink ordinary coffees for years. If he is reliable he will tell you it is Formerly called " DE-TAM-ATED" COFFEE He will also tell you that whoever' buys it once ' will thereafter hear of no other brand. " " The reason for this is that "Puri-tan-ated" is' the very best coffee we are able to import. From this high-grade coffee by special machinery we . have removed every particle of the bitter tasting, obnoxious, poison bearing cellulose tissue. This tissue contains a form of corrosive, poisonous tannic acid and other deleterious substances to the extent of about 10. In buying "Puri-tan-ated" you get real coffee, cleansed and purified, besides being made more, delicious and absolutely harmless. At reliable grocers in 14b. cans, granulated CLARK, COCCEM & JOHNSQfJ CO. f ,mPrters and Roasters, Boston. Maes. THE HUDSON-GRAM CO., Distributing Agents.