II
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.