THE SUNDAY OREGOXIAX. PORTLAND, SEPTEMBER IT, 1911.
BIG DEALS START
FALL MOVEMENT
Oregon Hotel Takes 30-Year
Lease and Ten-Story An
nex Is Planned.
CORNER BRINGS $210,000
Healthy Feeling Prevails In local
Realty Situation Foreign Capi
tal Interested Month May
Break Building Record.
The mod Important deal of tha past
work u the taking oTtr of tha south
wait corner of Seventh and Oak
street by the Oregon Hotel Company.
The quarter-block oa-ned by R Benson
Is now under a 20-year lease to the
hotel people. Mr. Bensbn will erect lm
mediately a ten-story, fireproof. Claaa
A building, which Is to become the
main part of the hotel property.
The ground and building will repre
sent a valuation of (500.000. Accord
Ing to the terms of the lease, the hotel
company la to pay a rental equal to
C per cent of the valuation, or 130.000
annually. When this structure Is com
pleted the Oregon Hotel Company will
have three buildings adjoining each
other, which will be used exclusively
for hotel purposes.
Following this deal. Mr. Benson ne
gotiated for the purchase of the quar
ter block diagonally across the street
from the fcevenoaka Investment Com
pany. Mr. Benson Is paying S210.000
for this property. The corner was pur
chased a year ago last March by this
company for 1110.000, and since that
time a one story building was erected.
It was put up as a "taxpayer, and
yields about 111(H) a month. The Seven-
eaks Investment Company realized
profit of fto.ooo. less the nominal coat
tor the building.
TalSM Make RasU Rlaew
Another Instance showing the rapid
rise of downtown property la Indicated
In the big profit which Mr. Benson
netted on the half-block bounded by
(ieventh. Oak and Park streets. This
prvrperty waa booght a little over a
year ago for $250,000. Last month
Mr. Benson sold the quarter block at
Park and Oak streete to the Pacific
Telephone Telegraph Company for
tit", ooo.
The basis upon which the Oregon
Hotel Company took over the other
part of the half-block brings the pres
ent valuation of the half block up to
410.000. TIk two deals therefore cre
ate a profit of 1U0.00O after a year's
Investment.
Progresa la being made by Portland
and New York capitalists on plana for
the establishment of another big de
partment store- Max Holts, of New
York, brother of Aaron Holts, for aev
sral yeara connected with the Olds,
Wortman A King store, la at the head
of the syndicate. A Washington-street
corner and also a Flxth-street quarter
block have been submitted to tha syn
dicate for the proposed 10 or 11-story
structure.. The quarter block owned by
the Mrade Estate at the northwest cor
ner of Fifth and Washington streets.
It la said, la nnder consideration by the
syndicate. Aa this property cannot ba
sold nntll an heir becomes of age. It Is
probable that a long leasing term will
be made, provided this location la se
lected for the proposed department
store.
Eawtera Capital Attracted.
Other large deala which are pending
substantiate tha belief among realty
brokers that big things wll) take place
In Portland city property in the next
few weeka Money seems to be gett'ng
easier and It la believed that there will
be plenty of local capital available this
Fail and Winter for realty Investments.
According to acme of the dcalera, mora
inquiries are being received from East
ern Investors for Portland property
than ever before. The great growth of
the city baa been making a strong Im
pression on F.aatern capitalists. It will
not be surprising to see a great amount
of foreign money Invested la Portland
and the surrounding country within the
next few montha Oregon farm lands
are also attracting considerable atten
tion and when the Fall colonist move
ment begins, a big Influx of settlers of
means Is expected.
The recent purchase by Chicago capi
talists of two large tracts In the Upper
Willamette Valley Indicates what Inter
est la being taken In outsiders In the
development of the state. The Chicago
syndicate Is now arranging to bring to
Oregon about 0 families tor coloniza
tion. This concern has Invested in the
past month nearly 1200. 000 In Willam
ette Valley lands, and It Is announced
that other large tracts will be taken
over and more colonies established.
CatheUr Bareaa Organised.
One of the Important announcements
of the week waa that concerning the
organization of a Catholic Colonization
Bureau, by the Catholic clergy of West
ern Oregon, which undoubtedly will re
sult In stimulating the coming of this
class of settlers In Oregon.
The work of the bureau Is In the
hands of a committee of three priests,
consisting of Rev. A. HUlebrand. of
Oregon City: Rev. H. J. McDevitt. of
the Cathedral In this city.- and Rev.
William A. Ialy, of St. Mary's Church.
Albino. Oeorge A. Hooch has been
appointed manager of the bureau, and
has opened ofncee at 4o& Lab be build
OVB-STORT iTRrCTl'RB BtTLT FOR ME'ERVE BROTHER!! AT CO"T OF V13.0O0.
Tha ona-story brick building being built for Meserve Brothers Is nearlng completion at Twenty-third
and Washington streeta The building occupies ground 10x100 feet. Four rooms for stores front on Wash
ington strert, while the rear part of the building, fronting on Twenty-third street, will be used as a mov
ing - picture theater. The theater Is 4xo feet snd will have a seating capacity of 1000. Entrance to
fie thrater is gained from the Washington-street side. The building cost 1 11.000. It was designed by Mc
Naughton A- Kamond.
ing. Mr. Houch has been In the real
estate business In Oregon for the paat
It yeara, and la thoroughly conversant
with all conditions here aa they would
Interest homeeeekera.
The plan of campaign of the bureau
Is. first of all. the formation of-a strong
central organization In the state. A
representative will be appointed In
every Catholic parish or mission in
the state to furnish data to the cen
tral bureau, and to list property, and
all this Information, or such of it aa
appeala to their needs, will be fur
nished Catholic homeeeekera. An ef
fort will be made to segregate people
of various nationalities Into different
communities.
As soon aa the work Is well under
way. advertisements will be placed In
Eaatern papers, and. If necessary, rep
resentatlvee will be aent East to bring
small bands of homeseekers here, or
to Induce them to come here. A slml
lar movement Is under way In the dio
cese of Eastern Oregon.
Balldiag Activity Brisk.
The first half of the month has been
active In building operations. Up to
the present time 1(4 permits have been
Issued, representing a total oi
The business of the Building Inspec
tor's office for the corresponding
month of last year amounted to a total
of 11.1I0.S1S. Comparing the business
of the two months, the totals for this
September should be at least one-third
greater than last Septembers record,
and thev may reach the IS.OOe.OOO
mark.
For the week Just closed there were
1(1 permits Issued, showing a total
valuation tf 1337.710. One of the strik
ing features of the six days' business
was the preponderance of permita fr
medium-priced residences. me con
tinued activity In home-bulldlng In all
parts of tha city Is considered a not
able factor In Portland's steady growth.
ii. - were submitted with the
n,.n,iir,. in.rw.rtor yesterday for a five-
story reinforced concrete building to be
...i . the corner of East First and
Madison streets. The structure will
be used for warehouse purposes and
will be fully fireproof. Mra, S. 1
Brown will put up the building. It
will ooat about 140.000, A. C Ewart
prepared the plans for tha proposed
raaahntll.
The summary of tha weeic s permits
Is aa follows:
JCo.
.. IT
.. IS
.. S3
.. SI
:
.. i
vai.
Monday
Tuesday
Wednesday
13. KM
Thursday ..
M.l'-'.l
Friday ....
Saturday . .
ao.ooo
Totals
..11 1337.730
EAST SIDE APARTMENT RISES
Structure to Cost MS. 00 Other
Buildings Planned.
Among tha new buildings started last
week Is tha three-story iri"v
housa at tha northwest corner of Bel
mont and East Fifteenth streets. Tha
structure Is being built tor ajiey.
mbert A Taylor and will ooai aooui
14S.000. Tha exterior iwiil be or laoeo
brick. The building win pa useu
cluslvely as an apartment-housa and
will ba ona of tha most modern struo-
turea of tha kind on ina un nme.
j. x. Leonard waa Issued a permit to
erect a frame apartment at F.aat Eigh
teenth and East Main streets. The
k-iMi. ill met abont 14600. Another
East Slda building that la being planned
will ba the two-story nncg eiruciure
to ba built at East Thirty-seventh
street and Hawthorne avenue for the
Powell aetata. The buiiaing win
T by 100 feet In also ana win m
ahntit t-s 000. Tha plans ara being
drawn by the Portland Building Asso
ciation. The rirsr iioor win do no
pled by storee and offleea and part-
menta will ba locsisa on
floor.
BIO ORCHARD TRACT IS SOU)
. XV. Patlson Buy 87-Acro Fm
Xear Eetacada for $ll,00t.
J. W. patlson purchased last weak an
g7 -acre tract In tha oaraeia district,
near Eetacada, In Clackamas County,
for which he paid 111.000. Tha land
was owned by Stoles A Wooster. and
had been occupied by Mr. Wooster for
tha nut two veare. Tha land la act out
partly In fruit. 1 acres being planted
to apple trees. .
It Is Mr. Patlson a plan to increas
the orchard area at once and ho ex
pecta eventually to have tha entira
tract planted to fruit treea.
This is ona or tna most important
land transfers made in the uanieid
district this Fall.
Eighty Acres Sell for $9000.
An 80-acre tract located 10 miles
southeast of Oregon City was sold last
week by I. J. Morris to J. I Forbes,
the consideration being 000. About
half of the tract Is Improved, the re
mainder being timber land. Tha sale
was negotiated by J. E. Smith. Mr.
Smith also sold property at Eighteenth
and Ellis streets. In Sellwood. to Rev.
L. F. Smith. The owner. J. L. torbes,
received 1000 for the property. The
lot Is 100x114 feet and la Improved
with a modern seven-room house.
Residence Brings $10,000.
Mrs. E- C. King has purchased from
Mrs. Alex McLaren residence property
on tna west sloe or i wenty-iourtn
street, between Marshall and Northup
streets, and will take possession this
week. The price paid for the property
was 110.000. Tha deal was negotiated
by Donald Macleod.
X err comer Bnys Residence.
D. B. Fllcklnger haa sold to P. II.
Stevens. recently of St. Louis Bay,
Mass, residence property at the north
west corner of East Seventy-first and
East Yamhill streets, the consideration
being 17600. The ground Is 120x1 SO
feet. The house la of the chalet bunga
low type and contain eight rooms.
UPPER WASHINGTON STEEET BUILDING IS
v.
MODERN TEN-ROOM
l!!!!!liril!
f If
L- im r- i X, f .1
'4. Of P I ! ;H
iii.- 1 '. 1 j
finnumffHa
ELABORATE IJtTEKIOR FTXI9HI.XO IS FEATIRE OK DWEXLKO OWKED BT W. A. CARPENTER.
Among the attractive new homes on tha East Side Is the ten-room residence Just being completed by
W A. Carpenter, a Portland architect, at the corner of East Twenty-fifth street and Hawthorne avenue.
The dwelling Is thoroughly modern. The exterior is buff pressed brick for the first floor, with the upper
part shingled. There Is a large front veranda, with a cement floor. There Is a porch balcony and sleeplng
porch at the rear. The living and reception rooms are finished In old Ivory enamel and mahogany, and the
dining-room In Oregon fir. There are four sleeping-rooms on the second floor, the doors being of mahog
any and the mold work of a special design In white enamel. On the third floor are a spacious billiard-room
and two chambers. The house has a full basement and a hot-water heating plant. The dwelling Is equipped
with all modern conveniences. .
CRANBERRY LAND RARE
KARL RIEDEISBERGER GETS
OPTION OX PACTFIO TRACT.
Violinist Sees Great Future for Those
Who Invest In Washington Swamp
Property for Berry Growth.
LONQ BEACH, Wash.. Sept It.
(Special) An option on 20 acres of
Pacific County Cranberry bog was
taken yeaterday by Karl Rledelsber-
ger. the well-known violinist, concert
srtlst and leader, who Is acting lor a
number of other musicians, some of
them living In Eastern cities. Profes
sor Rledelsberger and his wife passed
the Summer at Long Beach, and In
cidentally have been carefully looking
Into the cranberry-growing business
thoroughly.
"My concert work about the coun
try has enabled me to look thoroughly
Into the conditions of the famous
strawberry and apple districts," said
Mr. Rledelsberger. "and I have come
to the conclusion, while they both are
undoubtedly good Investments, the
cranberry Industry offers by far tha
safest, surest and most profitable for
several reasons, among them being the
small amount of land available for
cranberry growing, safety of xrrops,
smallest amount of work necessary
to keep a marsh In the finest condi
tion, ready sale for the berries and
last but by no means least, the larg
est Income per acre of anything I have
aver seen grown.
"Under the present conditions here
the securing of a few acres of this
wonderfully productive fruit la easy for
people situated aa I am, for the com
panies will develop tha land to the
highest state of productivity before
turning It over to the purchaser and
even after that ahould be desire It.
There is very little cranberry land
IMPROVEMENT OF LOGGED.OFF LAND
BY STATE IS CHAPIN'S SUGGESTION
Procedure Somewhat Similar to Organization of PubJic District and Creation of Bonded Indebtedness Offered
as Solution of Question in Talk Before Bealty Board.
8 A means of solving tha question
of Improving stump lands In
Western Oregon for the benefit of
settlers of small capital, a plan waa
suggested by W. H. Chapln at last
week'a meeting of the Portland Realty
Board which occasioned considerable
comment.
Mr. Chapln suggested that the state
could become a party to the develop
ment of tha logged-off area by supply
ing funds for the Improvement work
by bond Issues. This procedure would
be similar to that of organising a
public Improvement district and cre
ating a bonded indebtedness to run a
term of yeara. It was pointed out that
COMPLETED.
i.aa.-:
i!
. . . O-if-- - h .
;iC. Jtffl ,
r-ri.m-fli
5fH !
HOUSE JUST COMPLETED ON
. . -: " j -" x jA .
' ' ''LlS --rt'i rTTTl i ' lii 1 1
"..... 11 3 f . e V J ?
lLrS - 1 - S Ui" . rV. i.Xtt'llltl
left unplanted In the United States and
therefore the opportunity one can con
sider a rare one. one that is sure not
to last and should be seized Immedi
ately." PORTLAND GETS EAV FACTORY
Company Formed to Manufacture
Fireproof Hollow Tile.
As a result of a test made on a new
building material last week, a com
pany la to be organized In Portland to
manufacture hollow tile, which Is de
clared to be absolutely fireproof.
Portland and Salt Lake capitalists are
back of the project.
The tile was Invented by William
Sullivan, of Salt Lake, and has been
used In the construction of fireproof
class "A" buildings In most of tha
Western cities for the past four years.
Building Inspector Plummer. after
making a thorough test of the ma
terial, haa declared that It Is especially
valuable for fireproof constructlon.J
Thls material Is now being used In tha
construction of tha new Lincoln High
School.
The Sullivan Fireproof Partition
Company, which handles ths material
on the TJoast. has made plans for man
ufacturing tha tile In Portland. The
machinery for the plant Is now here.
The company haa in operation fac
tories at Seattle and Vancouver, B. C
It la announoed that the company will
ba ready to turn out Its product hers
In a few months. About 15 persons
will be given employment at the start.
Ranch Sold for $20,000.
CHEHALI3, "Wash.. Sept. IS. (Spe
cial.) W. M. TJrquhart and B. F. Ar
nold, of Chehalls, have purchased tha
Davis place In the Big Bottom country,
where Cora postofflce was formerly lo
cated. The property Includes the A. L.
Davis, H. K. Davis and half of the L.
H. Davis properties and contain a total
of 412 acres. The rata per acre was
about 150, the total purchase price be
ing close to 120,000. Most of the prop
erty Is bottom land, about 80 acres be
ing under cultivation, 75 acres slashed,
and the remainder being covered with
a fine growth of flr and maple.
only large areas could be Included In
the plan and worked to advantage.
"The state, haa a large surplus of
money which It lends on Improved farm
lands." said Mr. Chapln. "Why would
It not be feasible to use this money for
the development ' of the logged-off
lands? The state could take a first Hen
on the land aa security for the money
advanced for clearing the property.
Districts Are Suggested.
"Tf a colony of settlers should gain
title to say 640 acres and they did not
have sufficient money to clear the land,
they could organize Into a district and
obligate themselves to the state for a
combined amount sufficient to Improve
the property and render It tillable. Con
tracts could be let to large concerns
to prepare the land for cultivation. In
this manner It would take but a few
months to develop the land, while un
der present conditions very little prog
ress Is made at all In clearing the lands,
for the chief reason that the settlers
usually are without funds to prosecute
the work systematically.
"The feature that commends itself is
the fact that within a few montha af
ter the clearing is undertaken at the
Instance of the state, the land Is ren
dered extremely valuable. Before the
land Is touched It may be worth from
lis to 125 at most. After It Is cleared
It Is worth easily 1150 an acre. This
value is based solely on what
logged-off land produces. It Is there
fore patent that the state haa Che fin
est kind of security for the money
sdvanced. for the development of the
land and that the settler has an op
portunity to begin producing something
after the first year he gains title to
the land. Give him ten years In which
to reimburse the state for the money
used in the development work. Ten an
nual installment bearing per cent
Interest annually, should not work a
hardship on the settler, and at the same
time the state would be adequately
secured for the money advanced.
Slate Galaer la End.
"?uch a plan. If found practicable,
would undoubtedly result In attracting
thousands of settlers to the state. It
would mean that where thousands of
acres are now nonproductive could be
made to produce fi.ie crops. In the end,
the state would have much more land
In cultivation and would create by its
own initiative Immense taxable re
HAWTHORNE AVENUE.
- aH-. II i haeva.:i5.
1
4i '
-2
BIG WHOLESALERS GOME
PORTLAND HEADQUARTERS FOR
BRAD SHAW BROTHERS.
Large Millinery Concern. Closes
Lease for Home Employment to
Be Given to Large Force,
By a leasing .deal which was con
summated Friday, Portland will lm
mediately become the headquarters for
the Pacific Coast of one of the largest
wholesale millinery houses In the
United States. Bradshaw Brothers, of
Minneapolis and New York, are the
firm which selected Portland m preier-.
ence to other Coast cities as Its per
manent Western location.
The firm has leased from Stanley,
Fliedner Sc Boise all of the second and
third floors and a large part of the
basement In the Sweeney building at
the southwest corner of Seventh and
Morrison streets. It Is probable that
all or part of the fourth floor will be
taken over by the firm. The lease will
run for a period of ten years. Several
changes will be made in the building at
once so that the house can be Installed
by November 1.
According to James B. Bhadshaw,
senior member of the firm, employment
of over 100 persons will be given as soon
as the house Is opened and eight or
ten traveling men will bo placed In the
field at once. The firm will operate In
Oregon. Washington, California and
Idaho. The Portland branch will be
under the direct management of one
of the members of the firm.
Tha firm occupies a rour-story Dunn
ing. 110x150 feet. In . Minneapolis and
employs from 300 to 400 persons. The
firm started In business ten years ago
and is now rated In excess of 1500,000.
Besides being Importers, the concern
manufactures much of the products It
handles.
"We selected Portland as our per-
sources from an area that scarcely
brings anything to the state.
"This plan suggests ' legal phases
which at thie time remain to be worked
out. If there Is found no serious draw
back to such an undertaking. It is
possible that the matter may be em
bodied In a measure and submitted by
Initiative to the people at the next
election."
While no "action was taken by the
Realty Board on the suggestion made
by Mr. Chapln. It Is probable that the
matter will be given further consider
ation and an attempt ba made toMn
terest other organizations In the pro
posal. TOION
!
.lairKirn,! rf
.asj "f jr--'
BUILDING BEIXG ERECTED FOR G. W. JACKSOX OJfE OF SUBSTANTIAL EAST SIDE IMPROVEMENTS.
The three-story pressed brick building at the southwest corner of Union avenue and East Davis street,
which is being erected for G. W. Jackson, will be one of the best structures that have been constructed
recentlyon Union avenue. The building occupies ground 100x100 feet and will have a full basement in ad-
ditThetground floor will contain rooms for five stores. The upper stories will be used for offices and
lodging. The exterior has been completed and the roof will be placed this week. The structure will be
completed before November 1. It will cost 145,000. The building was designed by Claussen & Claussen.
manent Pacific Coast headquarters
chiefly because it is the natural loca
tion for a wholesale house," said Mr.
Bradshaw. "In that respect Portland
has the advantage over other Pacino
Coast cities. We came here also for
the reason Portland is making a tre
mendous growth and will eventually
become the wholesale and shipping cen
ter of Ithe Coast. When we open
our house here we will have an eh
Urely new stock. We have great faith
in our. future relations with Portland
and the entire Western Coast."
. Mr. Bradshaw said that several
skilled operators would be brought to
the Portland house. Many of' these
have families and will become per
manent Portland residents.
The deal for the lease of the floor
space In: the Sweeney building was ne
gotiated by the H. P. Palmer-Jones
Company.
KEW FACTORY IS RUSHED NOW
Coin. Machine Plant at Kenton to
Employ 200 Persons.
Progress Is pelng made In the erec
tion of the new factory for the United
States Cashier Company at Kenton. The
building will be 160 feet long and 42
feet wide and will contain two stories.
It la of concrete construction and will
be fireproof. The site Is about 200
feet square and Is located In the heart
of the factory development on the Pe
ninsula. The plans call for a building with
virtually all of the exterior of glass,
to provide for ample light for the workr
men. The new factory will be com
pleted about November 1, when it Is ex
pected about 200 men will fee given em
ployment. The factory will run out computing
machines, charge-making machines and
money-paying machinery of different
kinds. This will be the only factory of
the kind , on the Pacino Coast. It Is
declared. The company Is headed by
Frank Menefee as president and gen
eral manager and F.- M. LeMonn as
sales manager.
.
HOTEL BUILDIXG REMODELED
Sllverfleld Structure Is Renovated at
Cost of $20,000.
Extensive alterations in the Hill Ho
tel, at the northwest corner of Wash
ington and Lucretia streets, have been
made at a cost of about 120,000. Ths
ground floor, containing the lobby, of
fice, dining-room and kitchen, has been
rearranged and refurnished. The dining-room
has been made much larger
and newly decorated
All of the rooms have been made
thoroughly modern and have been
equipped with new furnishings and
fixtures. The hotel Is now designed
especially for families, the rooms being
large and airy and having baths and
latest conveniences. The work of re
modeling the hotel will be completed
by October 5.
The structure Is five stories high,
with full basement. It Is owned by S.
Sllverfleld. Mrs. S. Baumgart, who
has conducted the hotel the past three
years, has secured a new lease on the
property.
i
BTJELDIXg' TO COST $75,000
J. W. Cook to Erect Hotel at Corner
of Third and! Main Streets.
James W. Cook, a retired salmon
packer, la having plans prepared for
a three-story brick building to be
erected at the northeast cornel of Third
and Main streets. The bull-ling will
occupy space 150 feet on Th.rd street
and 100 feet on Main street. There
will be eight store rooms on the Third
street side. Two stores will face on
Main street.
The two upper stories will contain 50
rooms each and "will be used for hotel
purposes. This part of the building has
already been leased. The building will
be faced with pressed brick and the
interl6r Is to be of slow burning mlll
construction. The building will be
equipped with hot and cold water and
a modern heating plant. The structure
will cost about 175,000. Bennes &
Hendricks, the architects, announce
that plans will be ready for estimates
this week.
Several Sales Closed.
Hartman & Thompson report liberal
sales for the week just ended. In addi
tion to several small sales, this firm
haa one or two large deals about ready
to be closed up. Recent sales are aa
follows: For Miss Anna Xystrom to
Edward A. Miller, lot in Mornlngslde;
for C. H. Armstrong to Dr. Omer H.
Patrick, two lots In Rose City Park;
for John Finer to Fred W. Smith, house
and lot In Rose City Park; for Tony
O. Anderson, two houses In Rose City
Park; for George F- McDonald to Mrs.
L. J. Foster, half acre along- the line
of the Mt. Hood Railway: Theodore Op
sund to M. H. Calef, lot In Rose City
Park; W. H. Lindsay to Mra Jeanette
Ryan, house in Rose City Park.
Fine Building Site Purchased.
Herbert Gordon, president of the
Lawyers' Abstract & Trust Company,
has purchased from the Clark-Cook
Company a sightly building lot on Bel
mont street, between East Fifty-first
and East Fifty-second streets, and will
have plans drawn at once for a home.
The nlot contains about one acre. The
purchase price was 110,000.
Wemme Garage Work Started.
Excavating is In progress on ths
foundation of the four-etory garage for
E. Henry Wemme on the north side of
Sullivan's Gulch, between Union avenue
and East Third street. The bank is
being cut down preparatory to the erec
tion of concrete walls. The structure
will cost 160,000, , -
AVENUE BUILDING RISES AT COST
:r-r"i
Liu
1 rx
BIG MILL MERGER
IS CHIEF TOPIC
Nearly All of Large Plants in
Columbia River Basin to
Be Represented. x
MAIN OBJECTS DEFINED
By-Products to Be Manufactured
and Practical Conservation to
i
Be Practiced Another
Meeting Scheduled.
The prevailing toplo among Oregon
lumbermen the past week waa the pro
posed merger of the tidewater mills of
Oregon and Washington, which Is ba
lng promoted by Henry J. Pierce, of
Spokane. Wash., and Brooklyn. N. T,
That the plan for the glgantlo consoli
dation is meeting with encouragement
Is demonstrated by the fact that fully
65 per cent of the lumber output of
Western Oregon and Washington la
now represented In the tentative com- '
pact.
Acquisition of the mills to be in
cluded In the merger Is one of the main
requirements. This will Involve aa ex
penditure of approximately 150,000,000.
What Is considered a still more Im
portant undertaking will be the pur
chase of sufficient acreage to assure
the operation of the mills for 15 or 20
years. Taking over of the mills and
necessary timber lands called for In ths
agreement will require a total Invest
ment of probably 1200,000,000.
Preliminary to tha proposed consoli
dation It will-be necessary to work out
many Important details. Before actual
headway can be made one of the first
steps to be taken is to submit the prop
osition to United Slates Attorney-General
Wlckersham for opinion aa to
whether the provisions of the merger
infringe In any way on ths Sherman
anti-trust law. It is contended by
those who drafted tfc doeliment that
none of Its terms conflicts with the
provisions of the Federal anti-trust
statute.
Merger Terms Defined.
Among the Important conditions of
the, agreement is that Mr. Pierce must
be in position to finance the merger to
the satisfaction of the mlllmen before
March 1, 1912. The agreement also
stipulates that its conditions will not
be binding, unless 66 per cent of tha
manufacturers in the tidewater districts
of Oregon and Washington become par
ties to the contract prior to January
1. 1912.
The purpose of the proposed consoli
dation is primarily to lift the lumber
industry out of the hole and place It
on a profitable basis. It is declared
that such an end can only reached
by adopting modern co-operative meth
ods as suggested by Mr. Pierce. Un
satisfactory conditions of the Industry
which have prevailed the past few
years have become a big factor. It Is
said. In inducing the mlllmen to look
upon the merger plan with approval
as the only solution of the present per
plexing situation.
The first meeting of Columbia River
mlllmen was held last week, and it Is
announced that over 50 per cent of the
tidewater mill owners in this district
signed the prelimlna-y agreement.
Nearly all of the large Portland plants.
It is understood, will become affiliated
with the project.
By-P9ducts Big Asset.
"The proposal made by Mr. Pleros
seems to be very meritorious," said a
prominent mlllowner. "Until the or
ganization lsi completed we will not be
in a position to announce xuii aetaiis.
It is probable another meeting will be
held some time this month and at
that time It will be known definitely
whether the proposed consolidation
will be effected along the lines now
planned."
Wasteful methods In lumbering will
receive Immediate attention by the pro
posed company. It Is said. It Is pointed
out that by conserving every part of
logs, stumps, slabs and sawdust, nearly
all of which Is now an absolute loss,
it will be possible to manufacture by
products which wlH be worth millions
of dollars every year to the company.
Among the more Important products
that may be manufactured are wood
alcohol, tar, turpentine, pulp, paper
and woodenware. These products should
become as valuable an asset to the com
pany as the by-products of meat pack
ing plants from which. It Is said, tha
big packers of the country have cre
ated the most of their wealth.
Practical conservation and reforesta
tion will also be Important features to
be practiced by the company. In log
ging, trees will not be felled promis
cuously. Only those which , will pro
duce the best lumber will be used.
Young trees will be protected and a
systematic patrol of the timber area
will be maintained to guard against
forest fires.
Orchard Land Brings $15,000.
W. A. Bowers and associates, of El
wood, Ind., have purchased the 100
acre farm of Lorenzo Sleepy, near Tal
ent, In Jackson County, for 115.000. The
tract is located In a well-known fruit
district. It is the intention of the new
owners to develop the land and plant It
to a commercial orchard.
OP $45,000.
o--- .... y
t