TTIE 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
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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
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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.
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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.