THE SUNDAY OREGOXIAX, PORTLAND, JUNE 20,
1909.
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CITY IS II MAGNET
Portland Investments Lure
Big Eastern Capital.
$450,000 DEAL IS MADE
Equitable-, Lire Assurance Society
Consummates Three Mortgages,
Including One on Marquam
Building: Dealers Busy.
Replete with Important transactions
last week in the Portland real estate
Held was, to use tne term of a promi
nent site seller, "momentous." Begun
auspiciously by the consummation of
three mortgages taken over by the
Equitable Life Assurance Society of
which ex-Secretary of the Navy Paul
Morton is president, every day of the
week recorded a transaction or im
provement worth while the crowning
realty deal of the week being the pur
chase of the Poorfarm's 200 acres by W.
A. Spanton and H. R. Reynolds.
Illustrative, not only of the slow, but
sure movement of captains of industry,
but of the soundness of Portland for
big investment, the records of last week
how the result of the visit here last
iu 1 Morton, ex-Secretary of
Vy and Prealdent of the Equit
able1 Life Assurance Society. At the
time of his visit he announced he had
come to look over Portland which had
been heralded as a field offering Induce
ments, many cities of the same size In
the East could not parallel. As a result
"o r days ot last week the Equit
able Life Assurance Society consum
mated a triple mortgage loan on down
town Portland property. $450,000 pass
ing hands through the transaction The
buildings mortgaged and the sums
are: Marquam building. $300,
000; Beck building. Seventh and Oak
streets. $100,000. and the Archer &
tMOQO hullAing- Flfth and alc streets.
In taking over the Marquam build
ing as security for $300,000. President
Morton worked dual benefit for Port
land. The property, in a measure held
In trust to liquidate a debt to the de
funct Title, Guarantee & Trust Com
pany, will by the transaction, reduce
llab,Ifty ot the receivership about
100,000, and necessarily dividend with
semi-annual interest, will be distribut
ed among the waiting creditors. Port
land's second aid arising from th
huge mortgage will be the eventual
razing of the old Marquam frame struc
ture at Seventh and Alder streets,
which from the beginning of the city's
astounding progress has been classed
among Its eyesores.
Thad F. Sweek represented the Equit
able Life In the transaction, and Re
ceiver R. S. Howard was the repre
sentative of the Ladd Interests in the
Oregon Company. It is understood an
other $300,000 mortgage will be taken
over by the Equitable Life on Portland
property before the expiration of the
next fortnight.
That the Equitable Life is not the
only Eastern concern with eyes trained
on Portland, is evidenced by the mys
terious movements hero of coast rep
resentatives of Insurance companies
that call the East their home. Secretive
as to their designs, nothing more than
a vague idea of the locations of the
property they have in view can be ob
tained. Realty dealers surmise that a
quarter block on Morrison street near
Seventh, two quarter blocks on Aider
8 rei.near Seve"th nd a quarter block
on Fifth street, will soon be subjects
of instruments to be filed in the Court
house by the Insurance men who are
going about seeking what they can
devour in the way of Portland invest
ment. By the end of the month the old-time
structure known as the Little Paris House
will have passed into history. John Del
lar. owner of the ancient building, upon
being refused permission to repair it
after a recent fire decided to raze It and
erect on the site a modern four-story
brick building. Demolition of the old
structure will be begun at once. The
first floor of the new building will be
occupied by of ficee and the upper portion
will be fitted as a lodging-house.
Vnslghtly for years. Market-street drive
extending from Chapman to Ford street
and affording an easy down-grade as an
egress from Portland Heights, is on the
eve of Improvement sought by interested
residents for many years. Complete reno
vation of the drive has been approved by
the city and It Is believed that by the
end of the month the vast improvement
planned will be under way. Old side
walks which have been an eyesore and a
hindrance will be replaced by cement
walks and the drive Itself will be placed in
prime condition. Market-street drive
skirts one of the best localities In the
city for hillside residences and that it
is to be not only Improved but beautified
suffices for a safe prediction that sales
E. J. Daly and Dan J. Malarkey are
building flats on Graham avenue just
east of Williams avenue. On the ad
joining, lot on the southeast corner of
Williams avenue and Graham avenue
they will erect a modern brick business
block in the near future.
Vanduyn & Walton have sold two
fruit tracts of 80 acres each, one to
H. G. Huntington, of Minnesota, the
other to Nellie M. Johnson, a local in
vestor. It is the intention of the pur
chasers to improve the property and
put out at least 40 acres to a commer
cial apple orchard in the Spring. Both
tracts are located in the Dover coun
try south of Firwood. which is regard
ed by some as the equal of the Fir
wood fruit belt. The soil Is shot loam
with clay subsoil, no rock or gravel,
and the elevation is 1200 feet.
The State Agricultural College fac
ulty states this locality will undergo
marvelous development in the near
future. Several good - sized orchards
will be put out in the Spring also a
nursery. A fruitgrowers' association
will be organized, and other develop
ments are contemplated. It is also re
ported that work en the Mount Hood
Electric Railroad will be resumed
within the next 60 days and' rushed to
completion.
Fifty thousand dollars was paid last
week by B. Hagedorn for a 12-year-lease
of the five-story building at the
southwest corner of Fifth and Oak
streets, the purchaser already owning
the site for the rental of which he re
ceived $300 a month from A. McCal
man. the lessee. The structure is three
years old and was built by G. H.
Dammeier and A. McCalman. The
building Is bow occupied by the
Archer & Schanz Company and the
Wiley B. Allen Company, the rental
schedule being $820 a month for two
years, $910 for the following year and
$960 for the remaining six years.
Hagedorn, therefore, paid McCalman
$50,000 for a lease which will bring
in $625 a month for 12 years, repre
senting the remainder of the life of
the lease and on the expiration of the
lease, the building would have revert
ed to Hagedorn in any event.
Mrs. Katherlne A. Daly has purchased
three lots in Irvington on the southwest
corner of Twenty-third and Stanton
streets, for the purpose of erecting a
residence.
TRACT SHOWS GROWTH
ADDITION OPENED TWO WEEKS
DOTTED BY HOMES.
Improvement Extends to City Limits.
Grading of Windsor Heights
Nearly Complete.
Considerable growth is noted along
Division and Clinton streets out to the
city limits. Windsor Heights is a new
addition on the Section road where
the O. W. p. crosses. Several new
homes have been started in this tract,
although it has been on the market
only a few weetts. ,
On Clinton street, which extends
through the Waverly-Richmond tract,
many new homes of the better class
have been erected. All through this
district new homes dot every street.
An effort is being made to have the
Hawthorne avenue carllne extended
east about one mile and a quarter from
its present end at the Section Line
road. It is proposed to extend the
line either along the Section road or
through private property between the
Section and Powell roads. The cost
is estimated at between $15,000 and
$16,000. There is an extensive settle
ment at South Mount Tabor and to the
eastward, which would be benefited
by the extended line.
CAR SHIFTS, KILLS MAN
t ,
Second Train Victim Believed tc
Have Been Murdered.
BELLINGHAM. Wash.. June 19. Gus
Fosberg. foreman of a railway con
struction crew at Chuckanut. five
miles south of this city, stepped behind
a standing freight car to escape fly
ing stones from a blast this morning.
A switch engine struck the car at that
instant. Fosberg was thrown across
the rail and his head severed from his
body.
At midnight last night a telephone
message was received at police head
quarters saying the mangled remains
of a man were strewn along the Great
Northern Railway viaduct at the foot
of Bay street. The unrecognizable
fragments were gathered up by the
police, and were identified as those of
Victor Bergstrom, of Fargo, N. D., from
a time-book found in a portion of a
coat. Bergstrom T7as drinking heavily
He had considerable money, how
ever. H. Nelson, who was seen with
the dead man late last night. Is under
arrest. The police have failed to learn
who sent the telephone message noti
fying them of the man's death.
BANKS NEED SPACE
Three Concerns Appear on Im
provement Records.
U. S. NATIONAL ENLARGES
It Will Remove Partition, and Occu
py Two Adjacent Stores Mer-
chants' Trust Goes to Sixth
and Washington.
Banks played an important part in the
improvements of last week as shown by
the permits granted to make alterations.
The Lumbermans bank is installed in
its new quarters at Fifth and Oak streets
and the United States National Bank Is
preparing to tear oown a partition and
embody in its lobby the space on Third
street formerly occupied by two cloth
ing stores. This improvement, it is said,
will give this concern a larger lobby
space than that possessed by any other
bank on the Coast- The change is being
made under the supervision of Architect
Lazarus and will be completed by No
vember 1.
When finished the improvement will
devote the entire first floor of the Ains
worth building to the use of the bank
and the present scheme of pillars, win
dows, gratings and floorings will be car
ried out. The tiling now in use will be
removed and entirely new Roman tiling
installed as every bake of Roman tiling
differs In shade and to obtain the tiny
marble squares in a hue to match the
present tiling has been declared by ex
perts to be impossible. ' The corner and
side entrance to the bank as used at
present will be maintained, the only
change on the exterior to be made being
two large plate glass windows set equi
distant and encased as are the other
Third-street panes. The improvement
will cost $10,000.
By July 15 the Merchants Savings &
Trust Company will be ready to occupy
its new quarters at Sixth and Washing
ton streets where a large force of work
men is occupied in tearing down and
rebuilding to make the corner suitable
for the new tenant.
The Merchants National Bank has not
yet decided whether to quit the corner
at Second and Washington street Or im
prove its present quarters. Temporar
ily it may occupy the additional space
to be vacated by the Merchants Saving
and Trust Company but as yet this has
not been definitely decided.
Another improvement which promises
to encourage realty dealers and property
owners before many weeks elapse is the
paving of Thirteenth street from Wash
ington street to the end of the carline on
the thoroughfare and probably beyond
that point. Delay of improvement of
Thirteenth street is occasioned by the
dubitable movements of the railway com
pany which has not yet decided whether
to install a loop to embody Thirteenth
street or maintain the old service thereby
necessitating the retention of the switches
now used. It is believed a definite decis
ion will be reached early in July.
Also potent in hopeful development of
the week is the proposed extension of
Morrison street from the ' west line of
Chapman street to the south line of
Washington street. This Improvement
forms one of the most vast undertakings
of the street improvement schedule and
will entail condemnation by the city of
a portion of Multnomah field as well as
five lots in Russell Addition. J. P. Men
efee, W. F. White and H. J. Mcf-rison are
investigating the plans as drawn by the
City Engineer and by the first day of
next month the results of their Inspec
tion and interviews with property owners
will be made known.
Fourteenth street from Washington
street to Montgomery street Is in the
hands of contractors and before the end
of June will loom as a bitullthic street.
The improvement was begun several
days ago and is progressing rapidly.
Spirit, though it may be the proper word
to express the activity and rush of realty
dealers of points north, south, east and
west of Portland, Is not typical of the
energy of Portland site settlers. "Vim is
more characteristic of their efforts to
land purchasers. Exemplifying the stren
uosity of local dealers James R. Patter
son last Thursday arrived home from the
East accompanied by 52 tourists whom
he literally made captive In Salt Lake on
their way to the A.-T.-P. at Seattle.
They intended to visit Portland after
viewing the exposition but Patterson
wanted Portland to have first whack at
their admiration and purses and per
suaded them to go to the Sound City via
Portland Heights. They did and Thurs
day and Friday in a special car as the
guests of Mr. Patterson they viewed the
entire city passing an afternoon on the
Heights. Ten of the excursion party left
with the enthusiasm nf ninanctf-.rA
chasers and all Intimated that they had
maae up tneir minds to revisit Portland
enroute to their Eastern homes.
in nis aosence from Portland. Mr. Pat
NEW STATE INSTITUTE FOB DEAF AND DUMB WILL BE BUSHED." " '-
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OhEaoN State EasAi-vTK ScHooL. dzfl&S T
W"Hyi.j,'l
The Same Important Factors That Built Up South Omaha
Fort Worth, St Joe, Kansas City and Chicago Willuild
a Greater Portland on the Peninsula ia
MEAT PACKING- is the leading industry of the country, and has built up bi
, . cities more rapidly than any other factor. The huge packing plants made a
Greater Chicago, a Greater Kansas City, created city of 60,000 in South
2?tSSi ? f l lmPtant cities of Fort Worth and St. Joe. The same indus-
East St. Johns Is Soon to Be the Commercial
and Industrial Center of the Peninsula
fffZT' 0mJ ?0.00 ft nearer the Swift plant, Monarch Lumber Mill
and other large industries than Swift's own townsite and is only two blocks
from the North Bank depot, the only one on the Peninsula. An $18,000 school
S TUn?rWEy -and, many factories stores and houses are being built. East
tot. Johns future is already assured and values will advance rapidly. The time
to Secure TvrrvrKTTtT io XTmi7 . . "fJ J-c Liiittj
j. i-j o -li vuu wan, Lite ueiay will cost you dearly.
r??JDOWN' 3 PER CENT MONTHLY
i PERCENT DISCOUNT WHILE IMPROVEMENTS
ARE COINC ON ALSO BUILDINC DISCOUNT
Lot
s$27S Up
Beantiful Birdseye View of the
City Will Be Ssnt to Any Ad
dress On Reqnest
jThe
There is a demand for houses, and builders will find a ready sale or
C fl ? J?-hn! afords S11'! opportunities for investment,
and should be investigated without delay. Take St. Johns car at Sec
ond and Washington, and get off at East St. Johns, where we have
an oflice, or call at our city office and an agent will take you down.
Good Salesmen Wanted
Liberal commissions. Live
prospects both in and oat of city
Co
270 STARK STREET
Leading Sub-
division Agents
PHONES A-M 2828
terson. accompanied by Martin Winch,
covered New York and Boston thorough
ly and devoted several days to investi
gation of the opportunities offered by
Pennsylvania cities. Both say Portland
cannot be excelled either as a home or
a business point and that money Is freer
here by ten to one.' Ten cents in the
East, they say, Is held with firmer clasp
than a collar here.
Purchase of the Poorfarm by W A
Spanton and H. R. Reynolds will mean
the setting out of Its 202 acres Into lots
and the addition of a new district with a
new name to Portland. This will spell a
boom for Canyon road property, and al
ready lots which were booked for sale
have been withdrawn from the lists of
agents, the owners anticipating the re
ceipt of higher prices when the Poorfarm
is platted and on the market.
It is the Intention of the two purchasers
to make the Poorfarm property a
high - grade addition to the city and
Mr. Olmsted, the local engineer and
landscape artist who was employed by
the city to plan its park scheme, has
been engaged to plat the acreage.
While nothing absolutely definite has as
yet been determined as to the future of
the Poorfarm acreage, that it is to be a
high-class addition with accompanying re
strictions is certain. The price restric
tions will range from $3000 to $4000 and it
has already been hinted that, no lot will
be sold for less than $1,000. Beyond these
predictions, H. R. Reynolds deferred all
other information until a later date. The
new addition will contain about 1200 lots.
FATE NOTICES BRYAN DEED
Rewards Him With 22-Pound Pike
for Saving Guide's Life.
MUSKEGON, Mich., June 19. While
angling for bass from- a rowboat on Mus
kegon Lake, "William J. Bryan saved his
guide, John Connors, of this city, from
drowning. Mr. Bryan was in the city to
deliver a. lecture and was the guest of a
party of leading business men on a fish
ing trip. Connors lost his balance and
was half overboard, when Mr. Bryan
seized him around the waist and pulled
him back into the boat. A 22-pound pike,
the second largest caught this season, re
warded Bryan's efforts.
Roasted Umpire; Suspended.
NEW YORK, June 19. Norman Elber
field. third baseman of the New York
American League team, was suspended
today for three days for disputing Um
pire O'Loughlin's decision in a play yes
terday. .
ROAD PROGRESSES FAST
S. P. TRAIXS TO CROSS OSWEGO
BRIDGE WITHIN YEAR.
Tomorrow (Monaay) is positively
the last day for discount on East Side
Gas Bills. Read Gas Tips.
West Side Grading Completed
Kellogg Lake Trestle Is
Under Way.
Indications are -that Southern Pacific
trains on the West Side will cross the
bridge at Oswego and through Mil
waukie over the new branch within a
year. Grading on the West Side has
been completed and the crew has
changed its camp to the East Side near
the south end of Milwaukie. Grading of
the roadbed between the bridge ap
proach and Kellogg Lake was begun
j,.n.Ce"x.-T,ho track w111 first laid
across Kellogg Lake on a trestle
which later will be filled up to grade.
Most of the land needed for the right
of way has been secured and negotia
tions are in progress to obtain more
land required. The company has been
paying from $2000 to $3000 an acre
and has allowed the owners to take
away their" houses when desired.
,, The plans for the new depot to be
built In. Milwaukie show a handsome
structure. Its location has not yet
been decided on, and a two-story struc
ture may be built that the agent may
occupy the upper story. The branch to
connect with the bridge across the Wil
lamette River will connect with the
main line at Wlllsburg. just south of
the O. W. p. line. This branch will
be built at once that iron for the new
bridge can be sent over the track di
rect from . the Southern Pacific car
shops on the East Side, where it is now
stored. Work on the piers for the new
bridge is going forward rapidly. The
bridge will be 90 feet a'bove low water
mark.
Work on the new water plant for J.
L. Johnson & Co. Is under way east of
the Southern Pacific track, and pipe is
being laid. The reservoir has been
erected on the high ground on Min
thorn Springs Addition. Water will be
taken from a well near Minthorn
Springs. An agreement has been
reached between the Council and Mr.
Johnson so that a franchise will be
granted at a special meeting to be held
Tuesday, June 29. The present pros
pects are that the capacity of both
water plants in Milwaukie will be
taxed to furnish water, owing to the
rapid growth of the town.
Stump Lands Reclaimed.
ASTORIA. Or., June 19. (Special.)
T .;, w run IMPO SIXO STRUCTURE TO BE ERECTED 2VEAR SUE
netVte ToVl.Tc of'ltsaf S ASS S
Portland architect. F. A. Legg. ha. completeu the plas of the bulling "outhbeck ' & Headrlok A
tractors at Salem, announce that the structure will be ready for occupanbv bJ & Hfadrt;lt. con-
The new state institution will be erected on the site long occupied ov a pofvtechio . aykf "ext March
a half north of the State Capitol. Ground has already been , broken for th. .t SChi?' about a mlle and
Mute School will revert to the State Tuberculosis AsLiaUon .nd h! structure. The old State Deaf
supervision of a committee of four appointed by the las Legislature Th" aS,a sanitarium unde- the
erected for $57,000. or $18,000 less than the sum .nnr-iiffn Ji, he new ,nstutlon. which will be
and of ample size to accommodate the E state's 4f M?lL f, PUrpM' wU1 be an imposing structure
long and 65 feet wide, with a rear wine 50 tilt L. toTtm?y V to come. It will be 173 feet
thstructure will be commenw hen" eclvanis pXS,.." D
TheNi
D M. -
ewToWn-- Valier, Montana I
Surrounded by 200,000 Ami of Irrigated Fanni Now Betas Settled MBi
1EKM1JAL OF RAILROAD.
u VIwh!allf5wt?w.n.sit,e,s for speculation, business or residence in a
healthful, delightful climate, on beautiful Lake Frances, in Valier.
Montana, (about 9 miles north of Great Falls), a town that is being
backed by one of tlie most successful corporations in this part of the
country.
Over 200.000 acres of irrigated lands, now thrown open to the pub
lic (both Government and private projects), surround thia cHy which
is situated on the main irrigation reservoir of this section.
The Logrlcal Buxlnesa Center of tbe Xortbweat'a
Greatet Irrigated District.
The location, the backing and the immense number of farms be
ing started m this section demand a shipping and buying center and
alier was chosen after careful investigation ty most competent
Judges (men who own and control over S00 big elevators), as the best
available site.
$40,000 hotel, cement sidewalks, water system, big grain elevator,
lumber yards and office buildings under wav
Write for full particulars and prices of lots today before the choice
locations are snapped up.
IRRIGATED FARMS.
CS.OO per acre down, balance In 15 yeara buys the best irrigated
grassv farm all readv for th ninm i. .::; r r
Conrad Montana Land Co 205 Main St, Conrad, Mont7
Kelly. the Clifton logger, has re
cently ; demonstrated the feasibility of
clearing the logged-oft lands. By the
use of a big logging engine, he has
cleared a large tract near Clifton of
stumps and underbrush and the ground
is being leveled with a large harrow.
which is also operated by the logging
engine. The land thus cleared is very
rich and will be a fertile farming tract.
The Pennsylvania. Legislature hat in
creased the salaries ot common pleas Judges
from sssoo to $11,000 a year
Home-Building in
Rose City Park
.While the 500,000 mark in
Portland is being rapidly ap
proached and the business
center is" becoming more and
more extended, be foresighted
locate your permanent home
where health and happiness
will attend prosperity.
Rose City Park possesses
every natural advantage of an
ideal home community and at
tending this is the splendid
profit accruing in an estab
lished restricted Residence dis
trict of Greater Portland.
Lots (50x100), $50O up, in
cluding improvements. Easy
terms.
HARTMAN &
THOMPSON
Chamber of Commerce
J