The Sunday Oregonian. (Portland, Ore.) 1881-current, January 21, 1912, SECTION FOUR, Image 52

The Sunday Oregonian., January 21, 1912, SECTION FOUR, Page 8, Image 52

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Newspaper Page TextTTIE SUNDAY OREGONIAN. PORTLAND. JANUARY 21, 1912. DEALS IH REALTY CONTINUE ACTIVE Eastern Investors in Six Weeks Buy Property Valued at $2,000,000. BUSINESS LOTS ARE SOLD Negotiations for Purchase of Bl Eat Md Tract Tnder Wy ! voire t J. 00.000 Building Activity I Strong. SSS Anions - property clod l-t week folios In vxim lot. Twelfth and "r . .ITS.OOO it (WW S.-..1.T44 tract in "" J7. J . S5.0OO soi'i'.Viot V. MoMiii-"i ' A""- MOOO -r.t chronicled sales of city and farm propertle. to E- lDr" T' was invested In orchard land, and d v7fl" farms In the W.ilamette VaU f.y ."proximately 11.000.000 ftttern ,, in Portland and vtclnlty there b'toUld'r.uVpoTo Chief among the big deals now under way la th. prospective purchase of the "cant portion, of Holladay Addition lih. East Side. There 1 estimated ?o b. abtut lot. of th. addition re making unsold. Eastern Investor, are to be negotiating for th. purchase oTth. prop.rty at a Agure ouni ti. 00.0. Th.r. r. al.o some magnitude In ln.lda property that ar. about to b. closed. , There la a strong feeling In th. local re.lty altuatlon. Th. market la much more active than It wa. a year .go. Realty dealer, ar. agreed that In fac. of a campaign yaar. trading will eon t.nu. bri.a and that 113 will wlMa a much stronger activity than wa. ex perienced In 1U. ,, .I.. . Demand for home, and building hs been .te.dy all month and a num ber of aale. war. cloaed. lulei ppertlew Id. Th. moat Important deal of th. week waa th. aal. by Trowbridge f"Ph" of th. Burnt Vlata Apartment., at th. corner of Twelfth and Harrison str.ete. ' .7S.00O to J- L Huddle.ton pioneer re.ld.nt of Sooth f or.Und The building occuplea a lot S0..100 feet .nd contalna four .torle. and basement The atructure waa completed a few months ..o and la among th. most -ttracUT. and modern apartment-nouses In th. C"Th. IO.100-foot lot on Toorth street 10 feet north of Burn.lde atreet wii ,M yesterday by Marshall Brother, to P. B. Hanson, a local Inve.tor. The property la covered . with old frame buildings. Mr. H announcea that the property will be Improved with a substantial structure thl. year. Th. price paid for the property waa $45.00. The aal. waa negotiated by the Oregon Jlealty Company. Aa a lte for th. new bulldlnn; fer the Portland School of Trade., the we.t ralf of block 1. Portland Addition, on Seventh .treet. between Clay and Mar ket streets, waa purcha.ed la.t by the School Board from th. Security Pavings Trust Company for I5S.000. Thla .it. 1 directly oppo.lt. th. new Lincoln HUll) School bulldinr. The propertr la occupied by residences and flat., it la expected that plan, will be prepared thla year for th. propoaed building. ... A tract In th. Helpl. Addition. UOx iS feet In sis, waa purcliased la.t week from Mary Helple by Ft B. Mc C lunc pre.ldent of th. American Laun. dry company, for J.000. Th. property lie. between Union and Grand avenue, at Ea.t Oltaan atr.et. It will be Im proved with a modern building. Th. flr.t aal. of importance near th. East Side approach of th. new Broad way brldB. waa cloaed laat week when Charle. Rice purchased lot S. In frac tional block 0. McMillene Addition, for f II nno. Th. property waa tran.ferr.d by Stephen C.lllna to M. M. Diel and Cian by M. M. Dlel to Mr. Rice. Th. lot 1. Improved with a two-.tory bulld inr and waa purchased aa an Invest ment. nr Orleaaa Mmm levceta Here. By th. purchaa of property her. last week by W. O. Erwtn. the extreme aouthea.tern portion of the United fi.tr. I. now represented In the local Investment field. Mr. Erwln. a wealthy contractor of New Orleans. La., head, th. syndicate which nae taken over about 10 acre, of Amon Acrea. near Gilbert Station, an th. Estacada Una of th. Portland Railway. Light Pow. er Company, for S.00O. In addition to thl. Investment Mr. Erwln haa pur chased a home In Irvlnrton for 17200. and haa started negotiations for the purhcaa. of a 14-arr tract near New bers; for $27,000. Mr. Erwln will re move to Portland at once and engage In realty and building operations. Th. Huddleeton ISJ-acr. tract on raJattn. Hill. flv. mile, south from th. center of th. city, which waa taken over a few day. aro by Trowbridge Stephana, haa bean purehaeed by lo cal syndicate, for $100,000. The buying concern, organ lied by George E. Wag jroner. la represented by Mr. Waggoner. Krank I- Khull. L. F. Buck. Thomaa IT I nee. 1. A. Yerex and C A. Foster. Th. plac. 1. covered with small tim ber suitable for wood. The timber will be removed, bat sntn. of th. small. it tr-eoe will b. preserved for ernam.ntal purpoaea. It la th. Intention of the new owners to develop the property Into suburban horaeeltee. Negotiation, for th. aal. of the tract were conduct ed by Ch.ptn Herlow and Messrs. Hyd. and Blbblns. An evidence of th. rapid ris. in value In suburban property la Indicat ed In th. recent sal. of th. atx-acr. tract located on the Baa. Line road. .4 Joining Laurelhurst on the east The property waa purchased by H. Rostad. th. Lenta banker, frojn M. O. Tborsen for $41,000. Mr. Thoraen purchased thl. prop.rty three yaar ago for $500. a short time before th. Ladd farm was transformed tnto th. present high-class residential district known aa Laurel hurst With thl purchase, thla la th. last unplatted acraag. In that vicinity it la Mr. RoiluTi plan to subdivide and Improve the property soon and place It on the market. The sal. was negoti ated by llaxtman at Tbompaon. BwHalng Operation Brlak. 8 1 nee th. nnrt of th. year there bave been Isaued it permit, of a total valu ation of S4l.7t. The reurd so far shows that no permit were Issued for any costly structures However, plan, for aoro. big bu'ld'.ng. have been filed with th. Building Inspector and will probably be p&saed upon favorably thl month. Toe largest per cent of the permit are for dwellings: There w.re 100 permit Issued last week, with a total valuation of 1S3. 74. Th. dally record, ar.: Permit. Value. $ l.ono 2.47( :i.23 .! Tu.ad.av 21 Wofln.aa'ar IS Thursday .... 24 Knd.r IS Saturday 12 Total 10 it. o 13J.:4 PARKJIOSK SALES ARK ACTI"K Several Acre-Tract Are Sold to Xon- Hcsldcnt Investors. Demand for acreage In Parkroa. baa been brisk since th. first of th. year, with many cash aaloa being recorded. Hartman A Thompson, selling agenta for Parkroso property, report an un usually strong fee-ling In tbo real ra ta tA buolneaa In general. The firm last week sold two acre tracts to non-residents, one to Praak M. Heath, of Eastern Oregon, who will erect a modern bungalow and eetabllah a model poultry yard. The other pur rhaeer was Jamea L Klmber, of Cali fornia. Carl Potry. recently of New York. ha. purchased an acre and will build a home of the Swiss chalet typo. cVeveral aalea al.o have been made to Denver Investors. Thla firm sold for J. T. Haly a mod ern residence on Ea.t Ktf ty-.econd street, near Tbe Alameda. Roae City Park, to It W. Lyon, for $1500. E. L. Thompson, junior member of the firm, has left on a trip to Europ. and will b. absent about alx weeks. ALTAMEAD LOTS IX DEMAND Whole Block Is Bought by H. J. Mover Dwellings Are Planned. Henry J- Moyer. a capitalist and con tractor who arrived recently In Port land, baa purchased from th. German Realty Trust Company all of block 14. containing 10 lota. In Altamead Addi tion. Mr. Moyer announcea that be will erect modern dwellings on these, lot. a. soon aa the curbing and cement sidewalks are Installed. Other aalea closed recently by th. Oerman Realty Trust Company are: Lot I. block 2. $540. to C. A. Blanch ard: lot . block 1. $00. to Clyde Chase; lot 12. block 2. 52S. to Helen L Mc Court: lot. 1 and It. In blocka 2 and 1. $1690. to J. B. Fltspatrlck: lot 12. block t. $S0. to E. Gould: lot . block 7. $750, to V. R. Llnsman; lot I, block 2. $540, to Mary McKtllep. Three-Story Brick for Fast Side. R B. McClung. representing the American Laundry Company, will build at once a modern three-story brick building on th. property Mr. McClung purchased In th. Helpl tract It will coat from $75,000 to $90,000 and will b. on. of th. finest structure, of th. sort on th. Eaat Side. It will be but a short distance from th. approach to th. Steel bridge on Oregon street Th. sit. for this building waa acquired for $35,000. LARGE AREA IS PAVED $200,000 SPEXT OS STREETS IX SOUTH EAST SIDE. District Between Division Street and Powell Valley Road Makes Big Advance la Itll. Th. district between Division street and Powell Valley road and from Eaat Twelfth street to East Sixty-third street la making rapid progress. Here are located the Waverly-Rlchmond and Wav.rl.lgh Heights additions. Most of th. streets hav. been paved between East Twelfth. Division and Clinton to Eaat Tw.nty-alxth. and then between Division and Ellsworth atreet out to East Forty-first street. The cost of th... pavements was In excess of $250. 000. Division street waa paved recently from East Forty-first to Eaat Sixtieth streets at a cost of $62,500. which makes total of mora than $300,000 in bard- surfac. pav.ments for that district th. past year. It la announced that th. streets of Wav.rl.lgh Height, are to be paved thla year. In addition, there are 13 miles of streets to be paved. So rapid ha been th. growth of tb. district that th. Board of Education has found It nacesaary to build eight more rooms to the Clinton-Kelly schoolhouse at th. corner of Powell and East Twenty-sixth streets. This will be the second addi tion built to th. structure within three year. This new addition will make the Clinton-Kelly one of th. largest schoolhouse tn Portland. Work haa been started on th. $15,000 fir. station In Kentlworth. A fir. sta tion also Is asked to be located between Powell Valley road and Division street, near East Forty-first atreet to provide fire protection. A number of building, hav. been erected on Division atreet for business purposes. Griffin ft Peak, hav. started the erection of a $4000 garage on that street Ti i- Ofv1 r 3't ivi-V . XViwr.arTr.', "- ' 1 y j II , v- r - ' '.lTt x- JFWvmscJv3a'" a w Su ynaa . jt-jt-.--- . f f-nid I - - - '! !! ,t - -- -- -- - - . ,g . .4- ' -I NEW - - - i ;:-- ' ; . - . A I !P - ! t .'rrS y.- t .l.fr A- ; ! .. I :-.3-.l- A b S U p ' - - ' ''! 'nrFi . U.- si-' . " ( -v ' ' ' ' - ' r-;r, I , . s . v... v . r" ' ' '.. t " -.,.-'.. r . . , , . ( I , ' . , . ; J ' FIRST BAPTIST CHURCH. PRINEVILLE. Or. Jan; 20. (Special.) Th. First Baptist Church of Prineville was dedicated Sunday, January 7. Rev. Mr. Williams, of the Methodist Episcopal Church, delivered the morning address, while ev. Mr. Llnlnger. of th. Presbyterian Church, took charge of raising the necessary funds, and the order was re versed at th. evening services. More than $2000 was subscribed. The church Is built In the form of a cms, and haa a large basement for receptions and is finished throughout in fir, natural color. The Ladies Aid Society is eupplying all Interior furnishings. This is one of the finest church buildings in Central Oregon. It-was through Cue untiring efforts of the pastor. C. P. Bailey, that the church was built. LOBBY IS STRIKING Main Floor Multnomah Hotel Work of Art. DECORATIONS ARE COSTLY Features of Finishing and Tinting Place Hostelry on Par With Best Eastern Caravansaries Open ing Is February 8. - In the. Multnomah Hotel lobby, which will b. thrown open tor public Inapectlon on Thursday evening. Feb ruary I. upon the formal dedication of the mammoth hosLlry. there has been Incorporated a conception of mod ified Grecian and Roman types of arch Portland Homebuilder Reaches High Goal After Years of Toil la Attaining Success Writer Declares That Determination and Hard Work Are Essential "Go in Debt for Your Home," Is Advice. (Written for The Oresonlan by B. F. Pad rirk. I-'OO East Sixth atreet North.) HOKVER baa kept In touch wun tbe wizard of Santa Rosa must realise that the very ground we walk on. but rarely think of. is the greatest wonder and mystery there Is and teema with possibilities not dresmed of by the average person. That the ground itself is the best help er man can bave In securing a title to some of it even In a city, baa been demonstrated repeatedly. The writer knows th. meaning or "winning a home," having passed through the. experience three different times, in as many states California. Washington and Oregon. A renter for flv. years In Portland previous to the laat experience as a home-owner, he can see where tbe $300 expended In rent would have provided a competence for life If Invested in lots at the low value at that time. In the second year of the home-own ing period a bed of asters netted $10. From that the Idea of an aster garaen took shape. No greenhouse waa es tablished, or attempted. Only such work wa done as could be bandied tn th. open, with th. aid of cold-frames and hotbeds. It waa all Incidental to paying for th. home. "Feed your ground and your ground will feed you.' waa never more true than In this In stance. Several hundred dollars' worth of fertiliser was used and every dollar ram. back and brought soma of It kin. Th. heat and drought of Summer in connection with gravelly soil was met successfully by Irrigation and by dili gently stirring the soil. Flowers aad Frnlta Big Aid. In addition to cut flowers there were grown and aold rose bushes, grape VIEW. SHOWING LOBBY OF NEW MULTNOMAH HOTEL. - V wTT 1 iSfi JTrrV - tt til;- l.'.' v Wra,? mm FINISH Or INTERIOR RICH IX COLORING AND ARTISTIC DETAILS. EDIFICE AT PEINEVILLE IS DEDICATED. itecture, with Just a sufficient touch of the Renaissance to make the tout ensemble exceptionally pleasing to the eye. Some idea of the magnificence of the decorative scheme can be gained from th. fact that over $5000 has been ex pended for 18-karat goldleaf. Cream, light olive drab and Multnomah red tints, the latter color being typical of Indian artistry, have been used with SDlendld taste in bringing out the stucco ornamentation. The great feature of the hotel lobby is the mezzanine floor which. In ad dition to . furnishing an attractive promenade, will afford guests a quiet retreat for correspondence. At Inter vals Jardinieres, containing the choicest hothouse greens and rare seasonal blooms, have been placed wlttf a view of bringing out the rich decorative tints, yet in nowise interfering with an unobstructed view of the palatial of fice floor. The lobby floor is of terrazo con struction over which will be spread costly Persian rugs rich In Oriental colorings. Mahogany divans and chairs upholstered In panne velvet of a color harmonizing with the general color effect are to be Installed for th. convenience of guests and visitors. It is the consensus of opinion of travelers who have Inspected the hotel, that the lobby is on a par with any of the large Eastern caravansaries and should prove one of Its dominant fea tures of the institution. vines, annual plants, fruit trees, fruits, vegetables, dahlia roots and flower seeds. Everything possible was propa gated on the grounds. Asld. from half paying for themselves In net profit the grounds greatly relieved the high cost of living. Even a tiny garden is a boon to any family. Apples, pears, peaches, plums, cher ries, prunes, apricots, grapes, quinces, currants and berries of all kinds as well aa vegetables were grown In sea son, in great abundance and of excel lent quality. Greenrldge, the home of the writer. Is probably the smallest addition in the city, comprising two blocks of IS lots each. The lots are approximately 33x95 feet In size. Block one, bounded by Union and Grand avenues, Holman and Ashley streets, was the scene of the operations herein described. Additions of one and occasionally two lots at a time were made to the original pur chase until 10 lots were acquired. The taxes at first were 76 cents a lot then $1 and later $1.'75. Finally, the assess ment waa raised until It reached re spectability. In buying this property a risk was taken which was beyond good reason or good Judgment one which no pur chaser should assume. No abstract was furnished, and only the word of previ ous owners guaranteed the title. When the abstract was ordered at time of sale the situation was one of ex treme anxiety, but there was no flaw and the faot is the highest tribute to the honesty of the former owners. Ten dollars a month was the usual method st purchase, but sometimes part cash was paid, at other times all cash, consisting of all or partly bor rowed capital. Money waa borrowed to i! " - U'r WW -e 4 2 . : buy lots, to meet deferred payments, to build fences, to make necessary Im provements and for any purpose occa sion demanded. One lot was purchased from the owner for cash and resold to tbe would-be owner on installments at a nominal advance. This lot cost $225 and waa offered a few years previous ly for $60. Money could always be secured when needed. The first thing to do, in any .business, is to establish a good credit This la as reaaiiy possiDie ror & wor Ingman as for the business or pro fessional man. The list of persons from whom money was borrowed was large. Every true story has two sides. Therefore, fairness demands that some mention be made of the tribulations at tending the process of home-getting. It must not be imagined that all is clear skies and easy sailing. The re verse is sadly true - in many cases. One's obtaining a home has many argu ments for and against Aside from the settled, permanent and "located" feel ing it gives, there is a mental uplift and satisfaction over emancipation from the landlord. Other things being equal, the owner of a home Is more secure in his Job than the "floater" or renter because he is better contented and. also, a more profitable employe. Men who do not own their own homes have the most time to point out how to run the Gov ernment they are the most violent in aggravating labor troubles, and are sometimes among those who try to right them by violence. The only' difference between one's buying now and 12 years ago is In the price, except that better terms can be obtained now. There is a choice of two ways, both practical, in acquiring a home either go Into the Jungle, watt for Improvements to follow, live in a tent or shack until the lot is paid for. then borrow and build, or, buy a good, new, comfortable home on an improved street for a few hundred dollars down and nominal monthly payments. When buying a home you keep your cake and eat It yourself. Ten years rent will pay for a medium-priced home. The rolling stone and the roving family are. parallels. Misfortunes do not have weight with the landlord when your rent is due, but you can get an extension on a de ferred payment If you keep your credit good. If anyone warns you that death la on your trail because of hard work, don't believe it It'a a chestnut Work does not kill, but worry does. Idleness makes one unhappy and worthless. To be happy keep busy. Thousands And it impossible to save money. To those people the best ad vice Is: "Go in debt for your home. In no other way will you ever secure one. You will have to save then to make your payments." A small debt is a good ballast and man needs ballast, as does a ship, to prevent his turning turtle. A small debt will restore the needed balance. In conclusion, the writer's advice is: get a home. And remember, don't give up at one or two or three trifJV. Ninety per cent' of business is a failure, yet business goes on all around us every minute. In this connection the philosophy of the oracle of Posey County Is timely: "If you don't never risk nothin' you won't never git nothin'." Four Homes in the Irvington District Just Completed Prices $4000, $4000, $4250, $5000 OPEN FOB INSPECTION SUNDAY FROM 10 A. M. TO I P. M. We vint you to Innpect the cla of homes our company builds. We want to prove to you that Denlrr fompany Homes Mean Beat Materials. Best Workmanship and Best Values. Investigate. WE OPERATE WHERE PROPERTY WH.t RAPIDLY ADVANCE IN VALUE. Thene houses are on Tillamook St.. between S8th and 29th sta.. face south. Beau tiful elevation. After a thorough Inspection of these homes you will acre"! with us that at the prices asked 400O. Hir.O and ."i0OO. these are the best propositions to day In the city of Portland for a home or Investment. These properties are in a beautiful neighborhood and in the same district with homes running as high as 130.000. This Is the first opportunity to get a moderate-priced home in this district. THESE HOUSES CONTAIN THE tATEST FEATURES FOUND IN THE HIGHER PRICED HOMES. Three of these offerings ve of the bungalow type, of beautiful design, brick and cobblestone porches, massive chimneys. The Interior arrangement Is complete and cosv with hardwood floors, fireplace, pretty buffets, bookcases, beam ceilings, plata rails' white enameled Dutch kitchens, with all up-to-the-minute features, fine bath room fixtures, sleeping rooms nicely decorated and woodwork white enameled. Ex pensive papers In living rooms, dens and dining rooms. Doors throughout are all single panel with tasty hardware. Art glass windows and French doors, are some of ' the features. Electric and gas lighting fixtures consist of latest designs, showers in living rooms, domes In dining rooms, lanterns on porches. Window shades. Large basements with furnaces and laundry trays. Hot and cold water, wood lifts. DENI.ER HOMES ARE GUARANTEED. Our buildings have our constant supervision. Wo guarantee every item used in the construction of these homes to be first-class, the same class of fixtures, decora tions, etc.. that go Into homes many times the price of these. We give more value for your money than any builders in Portland. ..... If you buy a Denier constructed home you get the benefit of expert builders serv re assuring good designing and workmanship, and the benefit of our cash, assur ing highest discount on materials. You lose no time from your business and have no building worries; we turn the house over to you ready for occupancy. Take Broadway Car, Get Off at Tillamook, Walk East to Twenty-eighth Street. 640 Chamber of Commerce. ; Main 6594. DENLEK DENLER REALTY BUILDING GAIN BIG East Side Makes Best Show ing in 1911. BETTER STRUCTURES RISE Number of Dwellings Erected Is 32 7 7 Business Buildings Reach 216 Many Handsome Homes Are Built in Suburbs. Complete statistics show that for December, 1911, 1S5 residences and 16 business buildings were started on the Fast Side. - For the same month in 1910, 256 residences and 30 business buildings were started. For the entire year of 1911, 3277 dwellings and 215 business buildings were started and mostly finished. For 1910, 3125 dwell ings and 195 business buildings were s'tarted. In the erection of residences there was a gain of 152 and in busi ness houses the gain was 20, but the greatest gain was In the character of the buildings erected. The statistics do not show the dwell ings that were built outside the city limits, which will swell the total mate rially. It is estimated that between 150 and 200 residences were built east of the city limits at Gray's Crossing, in the district near Lents. Also 50 houses were built east of Montavllla outside the city limits. In the matter of business buildings, those built last year on the East Side were far In advance of those put up in former years, especially in Central Fast Portland, where 12 modern- business buildings were erected. In the latter part of the year several modern struc tures were started in Central East Portland, including the four-story rein forced concrete building of S. L. Brown on East First and Main streets, cost ing $50,000, and the four-story concrete garage of E. Henry Wemme, at the mouth of Sullivan's Gulch, at a cost of $60,000. Both are well advanced In construction and will be completed this Summer. The big car manufacturing plant of the Portland Railway, Light & Power Company, on East Seventeenth and Holgate streets, is well along toward completion. The first two brick build ings, each covering a block, are being finished. These structures cost $50,000 each without the equipment. It is esti mated that this plant will cost the street railroad company $400,000 when completed and equipped. ,The modern buildings of Edwards & Daly, at Grand avenue and Belmont streets, costing $70,000, and G. W. Jack son, at the corner of Union avenue and East Davis streets, costing $45,000. were carried over from last year. Both will soon be completed. The Edwards & Daly building Is a four-story struc ture covering a lot 90x100 feet, and is one of the best buildings yet erected In Central East Portland. It is finished above the first floor. MONEY IN EAST EASY FINANCIAL- AND BUSINESS CON DITIONS MCCH IMPROVED. D. Vincent Returns to Portland, Declaring That City Ranks High Among Investors. Money is plentiful and business con ditions in the East are much improved, according to S. D. Vincent of S. D. Vin cent & Co.. realty dealers, who re turned last week from a trip to Chicago and other large Eastern cities. Mr. Vin cent said that some of the large finan cial institutions are offering rediscount money as low as 4 and 4 per cent. "Among Eastern business men I found that the feeling is friendly towards Portland." said Mr. Vincent. "I heard it remarked repeatedly that Portland has built up along conservative and sub. stantial lines, always avoiding booms and spasmodic bursts so common and so inevitably fatal to new and growing communities. Special mention was made of our system of developing the surrounding country and the entire state and not devoting all our energies to building the city beyond the demands of its supporting territory." On his way home Mr. Vincent visited California cities. In Southern California he found the orange crop damaged bad ly by frost, in some sections the. loss running as high as 60 per cent. Many substantial Eastern people are Interested in Portland and Oregon, says Mr. Vincent. He belteves that much Eastern capital will be invested here tills year. Builders and Owners. Let Us Write Your Fire Insurance. Insurance Department. GRAND TRUNK PACIFIC TO:::: FORT GEORGE MUST BE COM PLETED EARLY NEXT FALL :: :: Vancouver Province, Jan. . The management of the Grand Trunk Pacific Railway has Issued peremptory Instructions to M e s s r 8. Foley. Welch & Stewart, railway contractors, that the main line between Tete Juane Cache, fifty miles west of Yellowhead Pass and Fort George, must be completed early next Fall. The railway contractors have passed the communication on to the vari our sub-contractors who were recently awarded work and who are now engaged freight ing in supplies over sleigh roads and establishing camps with a view to making a start at construction work as sooa as possible. They are confi dent of their ability to com plete the work within the time specified. Construction of the western portion of the unfinished gap between Aldermere in Bulke lev Valley and Fort George will also be rushed. Mr. P. Welch, a member of the contracting firm, will leave Vancouver on Monday for Prince Rupert to "confer with Mr. B. B. Kelliher. chief engineer, in regard to this portion of the contract On Mr. Welch's return the names of the successful sub-contractors will be announced. May Hurry Vancouver Uae. The rapidity with which the 415-mile gap is to be finished has a direct bearing on con struction to Vancouver, as the Grand Trunk Pacific has agreed to finish the main line before undertaking the con struction of its proposed branch line from 1'ort George to this city. Unless the agree ment is modified two years are likely to elapse before the rail way company can get around to the last mentioned project The railway policy of the Provincial Government to be made public within a few weeks, is said to embrace pro--islon for assistance for a rail way from Vancouver to the Peace River district via Fort George. Tne decision of the government as to which of the various companies and syndi cates submitting offers shall be favored with government aid will be awaited with interest. Should the Grand Trunk Pa cific be in the running a con tingency questioned in w e 1 1- I informed circles its attitude towards the Fort George-Vancouver branch may be changed, for the building of both the main line and the branch line i could be carried on simultane ously. FORT GEORGE is the get graphical and strategic commer cial center of British Columbia, Canada's large and richest prov ince. All railroad huildinsr through the Peace River district or Central Rritish Columbia must so through FORT GEORGE in order to main tain water grade. Therefore FORT GEORGE must be a great railroad center. FORT GEORGE is at the junc tion of the Fra-ser and Nechaco Rivers, with 1100 miles of navi gable watervvaj-s. FORT GEORGE is the supply point for an immense territory, rich in agricultural, timber and mineral resources, and will be able to compete with Edmonton and Eastern cities for the trade of the Peace River country, as well as the whole Central and Northern British Columbia. With the opening of the Pan ama Canal freight rates to FORT GEORGE will be lower than to Edmonton, thus making FORT GEORGE a great wholesale and jobbing center. FORT GEORGE will be one of the largest cities in the West. An enormous development will take place during 1912. You can learn of wonderful in vestment opportunities and open ings for business, etc., by sending your name and address for a free copy of the "B. C. Bulletin of In formation." Costs you nothing write today. Natural Re sources Secur ity Co., Limited JOINT OWNERS and SOLE AGENTS I ORT GEORGE TOWNSITE :: :: n 412 BOWER BUILDING VANCOUVER, B. C.