THE MORNING OREGONIAN, MONDAY, JANUARY 1, 1917.
History of The Northwestern National Bank, Portland, Oregon
As Told in Figures
' ! I
""j illililliB v i'!
: S 1 1 Ml WaBfBH
'''"IIIJhIL BnydL
Home of The Northwestern National Bank. Fifteen-Story
- Northwestern Bank Building. Occupying Entire Block
on Morrison From Sixth to Broadway
DATE
NUMBER
AMOUNT OF DEPOSITS QF PATRON'S
Jan. 2, 1913 $ 1,896,074.09 2,440
June 30, 1913... 2,596,330.48 2,600
Dec. 31, 1913 2,367,953.59 2,867
June 30, 1914 3,102,504.87 3,756
'Dec. 31, 1914 3,117,062.04 4,217
June 30, 1915 4,396,270.05 8,813
Dec. 31, 1915 7,969,836.05 22,525
June 30, 1916..: 8,009,394.82 23,300
Nov. 17, 1916 10,080,291.70 24,000
Time of organization of The Northwestern National Bank.
The Northwestern
National Bank
Portland,
Oregon
INDUSTRIAL' FUTURE OF OREGON IS BIG
Plans Formulated by Chamber Bureau to Build Up Manufacturing on Sound Footing- Research Work Prose
cuted Appeal for Community Aid Is Made.
A'
By M. A. Drennon, Secretary. Industries
and Manufactures Bureau, I'ort
Z land Chamber of Commerce.
CITY on etilts" That is Port
land.
J- "A State on Stilts" That la
Urcgon.
Portland has no perceptible indus
trial foundation, but has been built
upon Home attenuated conditions once
thought to be an industrial foundation.
"When the stress of a period of business
depression had passed it was found
that all of this supposedly strong in
dustrial foundation, except these few
Blender posts, had been washed away.
Just before shipbuilding commenced in
the harbor Portland's industrial foun
dation consisted of a population of
about 5.6 per cent of the total popula
tion. Oregon as a state, of course, has an
agricultural foundation which the city
has not. Yet Oregon's industrial
foundation is very slender. At the
date of the last census comparison the
and fruit-packing Industry, cordage
and a limited number in the machine
shops and metal trades, etc., remained
It is the purpose of this bureau to
determine what industries may be es
tablished on a safe, sound footing. It
is also the purpose to teach the com
munity the constitutional need of sup
porting industries. This work is to be
prosecuted with the utmost energy.
In whatever way a public body, can
study out a problem and suggest and
urge a solution the work will be un
dertaken. Many lines of industrial
activity will be presented. But, un
less the whole community, or at least
a vast majority of it, accepts the sit
uation and will co-operate in its rem
edy, the work of the industries and
manufactures bureau of the Chamber
of Commerce can accomplish but little.
Research AVorK Prosecuted.
In the early research work of the
bureau several most important indus
tries were approved by capable and ex
perienced men as being well adapted
for- development in this community.
now Is being proved to our satisfac
tion as well that the shipbuilding in
dustry, using both steel and wood,
may become an absolutely permanent
institution with the proper co-operation
of the community and co-ordina-.
tion of all powers needed.
Bis Opportunities Seen.
An enormous increase of the fruit
packing industry, a" most important de
velopment of the flax industry, a very
great extension of the dairy Industry,
of the livestock-packing industry,
cordage manufacturing industry, fur
niture industry, wood manufacturing
industry and many others is possible.
In the preliminary studies of these
fundamental conditions, especially those
of raw materials and costs of living.
proximately $25,000,000 worth of live
stock, and the pack of one company
alone will run probably above $11,000.
000. This is a business that merits the
strongest possible co-operation of the
community for its extensions, because
it has possibilities of from five to six
times its present proportions whenever
our citizens join forces to make It so.
The manufacture of woolens has ex
panded rapidly the present year, one
plant having Increased Its capacity
about 65 per cent, and this industry is
now placed upon a foundation that
proves beyond all doubt its enormous
future if properly supported.
The furniture trade also Is expand-
BUILDING AND REALTY OPERATIONS ACTIVE
Valuation tof New Construction in 1916 Totals $6.300.000 Important Projects Are Planned for 1917 Larger
Deals Involving Inside Property Closed. '
AT TH
cemt
issue
Ing rapidly and will multiply much
faster with full co-operation, and the remaining
metal trades will grow by leaps and
bounds. The cordage industry, now
well established, if given an equality
of cost conditions in labor and opera
tion, could be made to grow very great
ly because the raw material is to be
obtained from the Pacific
The cocoanut oil industry, established
the past year, could be multiplied very
quickly by five or six, with assurances
of stability, if citizens would co-od-
erate in furnlnhlnir the finances and proximately $1060 per building.
facts are being developed that cannot providing the needed transportation be- Thanks to the stimulus given by the erected
be disproved. There are a few ele- cause the raw material is produced in Issuance of a $1,000,000 permit author- rourtn
T THE close of business on De- issued during the. year, were the Nob Terrace property by outside capital, the
K. 10 hlMln. ..rnlta Mill mrlntnli on Rllun nearTwen- purchase Ot t leianer DIOCK D" J.
ed at the City Hall during ty-thlrd street, for Dr. A. A. Ausplund
1916 aggregated a valuation of $6,189.- and H. O. Trlplett. at a cost of $90,000;
095, and the officials in charge of the the (40.000 apartment Just completed pieted virtually on a valuation basis of
bureau'of buildings estimated that the on West Park street, near Hall street. $325,000. were the leading realty deals
M. Clark on a valuation basis of $275.
000 and the sale of the Hippodrome
Theater building, reported to be com-
for I. A. Peters: the $35,000 apartment
built by F. E. Bowman & Co. on Nine
teenth and Kim streets, Portland
Heights: the $30,000 apartment built
for Herbert Gordon at East Thirty
ninth street near Belmont, and the
$30,000 apartment erected by T. A.
Sutherland on East Thirteenth and Til
lamook streets.
days of the month would
bring the total to about $6,300,000 for
the year.
This total is considerably larger than
the aggregate figure for the year 1915,
when the cost of buildings covered by
official permits amounted to $4,895.
345. Roughly, the building commenced
during 1916 averaged about $1435 in
cost, while the average In 1915 was ap- White Shield Home, above the head of school budget for the Nicholson School
inurman street; tne $25,000 building to cost about l30.ouo; the third unit
on the northeast corner of
ind Couch streets for O. B.
of the year 1916.
As the year 1917 commences the erec
tion of a $500,000 annex to the Hotel
Benson looms up as the most impor
tant building project on the Immediate
horizon.- Connected with this plan is
the construction of an underground
tunnel connecting the present Hotel
Benson with the proposed annex diag-
Other Important structures erected or onally across the street.
commenced during 1916 were the $35,000 Provision has been made in the 1917
industrial population of the state ran These industries are such as find their
about 3.5 per cent of the total. raw material in the immediate terri-
Grratcr Payroll Is Aim. tory hereabouts or on the Pacific Coast.
This percentage is not sufficient for "r f M ... "e'.f P""
ments of custom, prejudice and fear
that interfere with work. All these
will be eliminated Just as rapidly as
people put their hearts into a whole
some, strong, industrial development.
work; of the soundness of certain
of the Franklin High School, to cost
about $130,000; a $60,000 addition to the
Hoffman School, and a $30,000 addition
to the Woodstock School.
Other buildings planned for 1917 in
clude the $100,000 livestock stadium on
the Pacific. izing the construction of the postofflce Stubbs; the new $25,000 automobile
The edible "oil industry is also a pos- building and of a $500,000 permit for building which houses the Portland
sibility of importance because of the the Municipal Auditorium, now under branch of the White Company at Park
nrrns to th minnlv of t ha raw ma - wav the mnst notulile train for 1916 and Bumslde Streets: the $25,000 bulld-
terial which comes from the Orient, was shown in nubile buildings. For lns vompiwu on me Buuineasi corner me l eninsuia; a tau.vuu auumuu iu wij
There is nothing that can prevent Building plaster, when taken hold of 1916 the 36 permits issued under this ot Eleventh and Bumslde streets for Doernbecher furniture plant: a pro
enormous improvement in all of these properly, some day will be' manufac- head reached a total of $2,084,550. as 1- E. Solomon; the $30,000 building com- posed Moose temple on the lodge prop
conditions stated. Whenever people tured here at a low cost. contrasted with only $321,420 stipulated Pieted for the Manley Auto Company erty at the northwest corner of Fourth
come to a full recognition of the need ... . as the cost of the 29 nubile buildings at the northeast corner of the same and Taylor streets: the building about
commenced during isio. t-cnooi duiiu-
of
either city or state. It is but a bare , " J OI"J"cu ""so enterprises that may be established; " ' ings also are classified under this head "uw ' " Buuinwcm corner on me opaium comic piutirnv ...a
suggestion of what it should be It suming centers 4n competition with the 0f the further fact that industrial de- Present year in Portland and also in . ,12 000 Dermit for the second of Lownsdale and Washington streets; southeast corner of Park and Alder
reveals as no other studv of local con- "niched product of the same industries velopment must trample all theories Southern Oregon, involving two invest- uit of the 'Franklin High School and the 20.000 structure erected at the streets: a four-story brick building pro-
dltions'can. one of our vital weak- f'sewhere. and as, n account of and conditions that have been built ments of $1,000,000 and $600,000 re- the $200.000 permit for the Benson "outhwest corner of Eleventh and OH- posed for the corner of Third and i o -
-nesses. If there Is any single study al advantages due to climate power. up by an experimenting people, th. end spectively. was long overdue, and can Polytechnic School also helped mate- 8an J?"" th" r,en 'W" Com- lim?ia.t",JreAet!: recently V"H
that should concentrate the community labor conditions, cheap cost of living, sought by the Industries and Manufac- be made just as fixed and as perma- riaiiy fn sweinng the 1916 totals. pan,y'H and he, 16- building com- the United Artisans and a .o00 add -
upon a limited number of lines of ef- etc;- "?ay . b made to compete here tures Bureau will be attained with a nent as the support of the local com- ob" noticeable "falling off last le,t'd. on e!tover Terraces for Miss t on to the Laurelhurst Club in addi-
forr if iiT th, Htndv of itn industrial v,th the industries built up in other surprising rapidity. munities invite The beet sugar in- . . ... IZJaIJ.-? mJ,a fiat Catlin's school. tlon to several large apartment and
weaknesses. "'-"" parts of the world. e navSc severaimportant Industries ffr? thl at Grnts'pass Strctlo In ' l.H a ?o?a of SO. tl ln f'"0" t0 United "l"?' :ut?b" bl.din,?.readyc.,l
Comparisons between Portland and 1 W,U not undertake to enumerate well established. Our pulp paper in- In Southern Oregon is sound and capa- VL-Jr- under this head tlonal Bank purchase, reported at $2 . 5.- tentatively and a large number of
otrfe communiulsreTativr to Indus- all of these found feasible by our man- dustry is the greatest In any commun- IVf wonder .Tng "or work to cost $2 nS"! VhlVXKVw, buildings projected for shipbuilding
trial strength reveal our need for more aging comm.ttee We know the facts ity of the West. From this center the ers will produce the sugar beets. The wVi ep to December 18 last year, only Pr-"" "f $1.000.000 Westover plants.
manufactures. Many Eastern centers TaKe een Prvei sufficient for the es- Industry for the entire Northwest has great plants for manufacture of sashes. 457 dwellings and flats were com- " "
- ininff .I. i nnni.nn f on taDllshment of a smelting industry in sprung, and the great development now doora hn shooka -. estahKahed at j -,
25 per cent of the total. There are
communities of 100,000 people that
have as much of an industrial payroll
ss all of Portland with her 260,000.
The following figures will sustain the
statement:
Popula- Avy. No.
the sugar industry may be established
here to great advantage and are fully
satisfied that, with the proper basic
development many lines of the metal
trades will locate establishments. It
We also know that in progress in British Columbia really Bend the present year, are but the be
Richmond. Va.
St. Paul. Minn,
fiohenectady. N.
yeattlp. Wash.
Trowel 1, Mass. ..
Toledo. O
Tenver. Colo.
tlon
last census
. . .135,Oon
237.01(0
01.0OO
313.000
, . ..Hl.OOO
....184.000
.2,0OO
wage-
earners.
iimiiiimi!iimiiniiiiiiiiimiiiHiiiifitiutttiiiiitiuiiuM
J7.282
10.483
17, 70S g
1 2.4:19
-o.no4
27.076
11.062
36.8S4
17.446
31.023
23.744
10.863
" 10,149 S
17.236 I
25.330 1
11,271
FOREIGN IMPORTS AT PORTLAND,
Merchants Exchange Records.
had its origin right in this immediate ginning of the heavy operations that Shipbuilding Plants Rise,
territory. w(n draw their raw material from the During the year a total of 51 permits
Our meat packing industry is the yellow and white pines of Eastern Ore- were issued for ways, shop buildings
largest of the entire Northwest. It will gon. and which may and should become and various frame structures typical
bring into the community this year ap- great producing factors for the state. of shipbuilding plants. The estimated
We have the raw material and the cost of the buildings covered by these
market for building stone, and if there shipbuilding permits was recited as
could be brought about a co-operation about $250,000. For the entire year 1916,
in the development of existing quar- a total of 131 buildings of quasi-public
1916.
Tail River, Mass 125.000
Grand Rapids, Mich 123. OOO
Jersey City. N. J 204.0O0
los Angeles, Cal 430.00O
Birmingham. Ala 16rt,0iM
Bayonne. N. J 65,000
Columbus, 0 205,000
T.vnn. Mass 98.000
Portland, Or. . . .260,600
Only a few years ago we thought
we had an industrial population of
great strength. Many workers were
engaged in building new railways in
adjacent territory, in grading and pav
ing streets, laying sidewalks and plac
ing sewer and wate.- pipes, gas mains,
etc. Others were busy erectinjj office
buildings. Large numbers wer erect
ing residences throughout suburban
districts for the home of the people.
The perioJ of financial and business
"depression in the country came upon
-us and almost instantly this supposed--ly
permanent industrial population
: nearly vanished.
" Local Support Urged.
A large percentage of it was drawn
.off to the East by the high wages paid
by the munition and war industry pay
Iroll. Others were forced to seek a
livelihood in certain parts of tb.e West,
-many turning to the soil again. As a
-result of the hegira we found our-'-seives
with an exceedingly scant' in
dustrial population, t Only those who
-were busy manufacturing paper and
-lumber and those engaged in the meat
Cement, barrels....
Coal and coke. tons.
Coffee, bags.
Copra, tons
Creosote, barrels...
Curios and mer
chandise, packages
Eggs, cases
Firebrick, tons
Fireclay, tons
Firecrackers, cases..
Grain bags, bales. . .
Hardwood, feet.....
Hemp, bales..?.....
Hides, packages.
Iron and steel, tons.
Linseed, bags
Maize, bushels
Mlllf eed, tons. . : .
Peanuts, bags
Pepper, bags.......
Pigiron. tons
Provisions, pack'ges
Rice, bags
Seed, bags.
Silk goods, packag's
Sugar, bags
Sulphur, tons
Tapioca, bags....
Tea, packages....
Tin, slabs
Window glass, cases
Wood pulp, rolls..
120
5.173
471
11,905
56,900
8
210
8,578
3,435.962
6.392
7,639
8
21,081
250
2,931
23.330
12,230
2,317
97
200
7.026
6,584
93
1915.
1914.
5,526
14,346
18.166
2.400
15.086
1.S73.109
3,215
177
19,121
93.896
1.233
3,400
50
100
18.517
10,315
10.736
26
2.211
7.734
3.417
318
409
4.535
15.624
210
30.387
7.100
2,571
350
615
10.428
8,330.402
7.257
17,912
20,857
16,433
90
3.250
18,408
26.996
2.271
20
697
7.432
1.210
3,92
410
24.939
5,408
1913.
' 4,484
17,316
14.446
11.699
6,222
398
93
3,221
10,270,241
34
2,391
1912
12,600
8.413
8.742
23.174
2,257
1,243
3.422
7,720,896
8.817
725
1,100 10.382
275 775
1,530 1.642
9,895 13.617
2.170 9,174
1,175 :..
7 1
736 715
4,441 6.217
895 1.720
4,639 2,554
355 167
3.965 ...I..!.!.
ries and a stronger movement made in
sisting upon the use of the local prod
ucts for our own construction work,
this industry will become a heavy em
ployer of labor and an important pro
ducer of wealth.
We have started to build an indus
trial foundation here, but need to have
it extended with all possible haste.
There are other opportunities that
equal these which have preceded in
giving the community a permanent
nature were started on a cost basis of
about $1,093,080, as compared with 130
buildings and $1,027,190 for the year
preceding.
Under what is known as the fifth
class classification stables and sheds
1915 produced 910 structures costing
$104,820. and the year 1916 saw the
commencement of 988 buildings costing
$113,200.
Among the larger buildings started in
1916 were the $150,000 cooler building
payroll. Their future, too. is largely the s-rounds of the Union Meat Com
dependent upon the attitude of the peo- pa.nv and the $150,000 exchange build
pie. They must be supported in the tng "nearly completed on the grounds of
manner that is essential for the sue- the Portiand Union Stockyards, both
cess of young institutions. That sup- on tne Peninsula: the $250,000 United
port should Iirst come irom rne local states National Bank, which Is now
communities where they were founded, rising on the north-west earner of Sixth
As this local strength becomes
cure the power is given to make ex
tensions to broader markets. No in-,
dustry is well established except that
there is something of a home market
and Stark streets, property purchased
by the bank early in the year for
$275,000: the $150,000 Liebes building
now under course of construction on
the Huth property Just north of the
upon which they may always depend. Broadway building: the $90,000 convent
and which will bear the brunt of the erected on Dekum avenue and Con
difficulties which befall the industry grress street1 in the Piedmont district,
in its competition with the products of fCr the Sisters of the Good Shepherd.
Industries in other parts of the world. and the $60,000 building Just started for
The Industries and Manufactures Bu- the Portland Women's Union on Tenth
reau is undertaking to point the way and Montgomery streets. Although the
for the surest and quickest realization magnificent new home of the First Na
of all these possibilities. It is appeal- tlonal Bank was completed late in 1916,
ing to the community for that aid it was commenced before the turn of
which must be assured if success Is that year.
won. The work for the coming year The largest apartment-house of the
will be broader and more comprenen- 1916 construction season was the Im -sive
than 4n the past and will be con- portal Arms, completed recently on the
ducted with a growing force and en- corner of Fourteenth and Clay streets
ergy that cannot be turned aside by for R. F. Wassell. Other apartments,
minor conditions. however, covering which permits were
THE BANK OF
CALIFORNIA
NATIONAL ASSOCIATION
of San Francisco
Founded 1864
Branches at Portland, Tacoma, Seattle,
Virginia City (nkvada)
CAPITAL. PAID IN GOLD COIN $8,o00,000.00
SURPLUS AND UNDIVIDED PROFITS $S,:J1 ,4 1 D.OO
TRANSACTS A GENERAL BANKING BUSINESS
INTEREST PAID ON TIME AND SAYINGS DEPOSITS
Drafts, Travelers' Checks and Letters of Credit for Use of Travel
ers and Importation of Merchandise Issued.
PORTLAND BRANCH
THIRD AND STARK STREETS
WM. A. MacRAE.
Manager.
J. T. BURTCHAELL,
Asat. M una m-r.