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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Jan. 19, 1913)
lHE SUNDAY OREGOXIAX. PORTLAND. JANUARY 19, 1913. 9 IRE MONEY FOR FARMERS IS NEED Joel Shomaker Discusses Weakness of American Financial System. SAVING FALLACY EXPOSED Demand for Properly Handlin Financial Cares of Agriculturists Declared to Be One of Most Vital In Country. BT JOEt. SHOMAKER. Ex-President Waihlimton Logtced-Otf Land Asauciatton. The distribution of money is one of the moat intricate problems confront Ins; the American people. It has. a companion, the handling of farm products, and the proper regulation of commercial channels between producer and consumer. On the right solution of these questions depends the settling of such difficulties as the hign cos of lIvinK. better rural conditions and more general agricultural prosperity, Money is the life of commerce, on the farm. In the factory and along; the lines of transportation, connecting the city and country. It is the medium of exchange, the measure of value and the debt-paying token, without which business cannot be carried on success fully, or in a satisfactory manner. The clearing-house certificates, put In cir culation during the panic of 1907, did not take the place of money with tne masses nor did It really fill tne dfr mands of a stable circulating medium, Artificial Views Fall. When the money of the Nation Is not In circulation, the volume of bust' ne-sa Is curtailed, the people become dissatisfied and the financiers wonder what is the matter with trade. Stu dents of political ethics generally fall, In making their deductions, because of not taking into consideration both pro ducers and consumers. They see the artificial end of life questions, but look through dark glasses when the real objects appear on the philosophical telescopes. The new State of Wyoming has dem onstrated to the modern financiers that the wealth-producers demand and in sfst on having the use of the natural resources. The State Legislature enacted a model law. governing the appropriation of waters, for domestic and culinary purposes. That law pro vides that the ownership, control and distribution of all waters. In the nat ural laJces. rivers, Borings and other places in the state shall be held by the people of the state, but the use of such waters belongs to the Individual citizenship for reclaiming the deserts. American farmers add approximately $10,000,000,000 to the wealth . of the Nation every 13 months. They secure that volume of commercial values. through legitimate and intelligent combinations of earth, air and water, In the manipulations of various branches of agriculture. The farmers, are generally alike, in all sections of the United States In that they require the use of money, for developing their farms, orchards and gardens and that without unnecessary red tape, exorbi tant charges or unfair methods of usurers or exchangers. Idle Mtacr Is Mesace. We. the people of the United States, boast of having, an Immense volume of money in circulation $34 26 per capita and attempt to do business In proportion to our representations, when in reality the cash is locked In treasu ries, safety deposit vaults, home-savings banks and other boarding recep tacles. Our National Treasury holds about 11.000.000,000 In gold against cer tificates and carries a net gold sur plus of from (300.000.000 to $300,000, t 000, enough to finance and maintain a greater bank than the famous Bank of Kngland. Idle money is of no value to any body, and constitutes a menace to pros perity. It matters not whether the cash is held by the treasury of the United States, the banks of the country, the vaults of the city or the tin cans of the misers. Every dollar taken from cir culation robs the people of the use of that which rightfully belongs to them, for buying daily necessities and paying operating expenses. We have been teaching the theory of saving and brought about a condition of finances wholly undesirable to the individuals and the Nation. It is asserted that the banks of the United States have about $16,000,000,000 In deposits, on a money foundation of $1,500,000,000. Those who ought to know say that bank deDoslts ran be built up on a ratio of ten dollars for one dollar of cash on hand. That illus trates the fallacy of carrying large, useless and Idle deposits, by the Nation the banks, or Individuals. Money li for circulation, for use. building up and retaining business, and not for lying idle, rusting and wasting because of non-use. Money Is the National re source that should be utilized, at all times, for the benefit of the whole people. Present Methods Crude. Our methods of money distribution are crude and far behind the up-to-date plans of other Nations. We have given too much time to partisan political questions, and neglected the duties of citizenship. We are wasting at the National bungholes of prosperity and making a show at saving at the spig ots. Our monetary system makes of us the laughing stock for intelligent financiers in some of the far-away Junslelands of Europe. And the lack of business methods in dealing with the farmers of this Nation is one of our lamest features. The farmers "of this country do not seek charity or political favoritism. They would quickly spurn any attempt at trying to do them favors because of povert;. or mismanagement, but they would not object to reasonable plans for relieving the money situation, so as to guarantee the use of cash for de veloplng their producing acres of fer tile soils. Under the present system of oistrihution the banker. merchant. manufacturer and railway builder gets money tor less Interest and with less publicity than It is possible for the farmers to secure. There are remedies for the" evils in the money situation. But reforms that try to bolster up the existing monetary system and not make necessary changes In our National ways of doing business will not materially benefit the farmers. It would be useless to estab lish farmer -banks and expect them to be ever ready .to assist the farmers, when, uncer our system, the entire money output may be controlled by In dividual speculators, without even an attempt at Government regulation. The history of panics, and close money cer tainly shows the weakness of our sys tem and demonstrates that even far mer banks could not help the farmers when gamblers In securities, or mani pulators of gold bring on panics. Oac-tklrd of Karma la Debt. There are 1,31!. 034 farms In the United States, carrying an average FARMING INDUSTRY IS GIVEN BIG STIMULUS IN REDMOND DISTRICT Settlers Eager to Adopt Modern Methods in Soil Culture Co-operative Movement to Aid Central Oregon Wide Market for Products Sought. N I.-- -,- U " - . ' - J f - gCTtoksM ftitjM A jmtmmaaA-tiii&t ,r-- i n - mi...,. , Clme fati? On Titr 6&cAutcs -TZ- ' n f 1 . , ; w , ,1 ,, , T tablished a central sailing agency to handle the crop production of the two districts. . Broad Market la Aim. The bulk of the potato crop, esti mated at 200.000 bushels, which is now held by the farmers, will be stored in the warehouse for distribution. From orders being received from the South and Middle West, it is expected that most of the crop will be -disposed of in a short time at 'prices entirely satisfac tory to the farmers. With the central selling agency, the producers are en abled to eliminate the middleman en tirely. Orders for 13 carloads of pota toes were received last week from Tex as and the prices received ranged from JO to 25 cents higher per 100 pounds than prevailed at the Portland market. The agency plans to handle root prod ucts,' grain and livestock for the farm ers this year. Not only is there every indication thai .a wide market will e found for the products, but It has been demonstrated already that the plan will result ita saving to the growers thousands of dollars annually. Wrlth a fine farming country on all sides Redmond is making a substantial growth, now having a population of about 800. The- business district is at tractive, the stores are up-to-date and there, is an air of prosperity about the- little city. One of the new features of the town's development was the Instal latlon this month of electric service by the Big Bend Power Company, which recently took over the power plant at Cllne Kails, on tne uescnutes reiver, A larger plant will be Installed at 'r--:.:--:-- -y- .f.,,a.;;ygj mortgage debt of $1715. That shows a percentage of about one-third of the farms, operated by actual owners, un- er mortgage. In the w estern states the mortgage debt runs--up from $2017 n Washington, to $4.32 in Nevada. The mortgage indebtedness on farms In South Dakota averages $2897 and in orth Dakota $2493. Iowa goes ahead of many Western states and reports an average farm mortgage of $4048. An Investigation of the sources from hifch farm mortgage money is ob tained would probably show that local banks had very little to do with the deals, except to act as sub-agents for mortgage companies. .The banks, doing business in farming communities, gen erally are kept pretty well drawn on by correspondents in larger cities for money to supply the big banks in New York City with sufficient call money, to be used largely in speculative deals, often of a questionable character, and frequently detrimental to the Interests of the farmers with whom the money for such deals originated. The legal rate of interest in the state of Washington Is 8 per cent, but very few farmers ever get the use of money for less than 10 per cent. Loans gener. ally come from mortgage companies or private lenders, and the loans carry the cost of examining land, attorney fees for examining abstracts of title, record ing charges for documents and some times bonuses for the privilege of mak lng the loan, or rather tips to the money lenders or their agents, for spe cial favors. Moral Riak Important. In loaning - money to farmers the moral risk should be considered of greater Importance than the real seeur Ity offered. Along the Pacific Coast for instance, are millions of acres of cut-over lands tracts once covered by forests that are fertile, well drained and within easy reach of good market centers. The intrinsic value of such lands, when measured by the rule of producing power, is probably not more than ta per acre. Vet. with the lands cleared and under cultivation, the val ues go up to $300 to $1000 an acre, be cause of annual crops that can be har vested. The owners of logged-off lands. swampy tracts, desert areas or other undeveloped earth, even though the soli is fertile and would be productive when developed, cannot secure money on their land properties, with such peo ple the moral risk is the important thing to consider, let. under our pres ent financial system, the bankers would not listen to such men. the mortgage people would not entertain them in their offices, and the private money lenders would simply smile and pass them on as poor people the good Lord intended should always be poor. It U proposed to establish farm mort gage banks, farm loan societies, farm banks and various other things in which the farmers are to be the sole possessors. The question of advisabil ity Is more easily answered by the parable about cutting off the branches to improve the tree. If the trunk Is diseased, how can we expect It to bring forth good fruit? We do not-doctor fruit trees successfully by pruning the branches. If the tree does not bring forth good fruit, it is best to lay the ax at the root and cut the tree down and cast its trunk into the fire. We can give money assistance to the farm ers by changing our money system so that the currency of the Nation will Ve at the command of the people. Three accidents on one rallwar have Ithin 15 months coat the road lI.SrtiiotKt. Osune works for tha sterilisation of drtok- ine water have been erected in iiermaov. France. Italy and Huaaie , ,-VSV'J a 0 -V$ ml fid jjMUAa'8 ' " Cllne Falls at once and will develop from 3000 to 6000 horsepower. Within a short time a line wlM be extended to Prineville and other points in Cen tral Oregon.- With electric service now at Redmond, several industrial enter prises already have been projected. One of the new projects will be a flour mill, plans for which will be -completed in a short time. Warehouse Is Dedicated. The greatest occasion since the coin pletlon of the joint railr.oad a year ago was the opening of th6 fine ware house of the Redmond Union Ware house Company last week. Three hun dred residents of the district were in attendance. A gratuitous dinner was given at noon, followed with awro gramme of music and addresses. The festivities concluded with a ball given on ttie second floor of the warehouse. A feature of. the programme was an address given by ex-Congressman J. N. Williamson, of Prineville. on-VThe Pioneer and the Tenderfoot. "Things have come to such a pass In this section of the country that the differences and relationships ot the pioneer and the ' tenderfoot may be safely analyzed without dealing dis couragement to the one or giving af front to the -other. The pioneer Is the first man on the ground, consequently he knows. The tenderfoot Is the man who comes along later' and therefore don't know," was the way Mr. Wil liamson facetiously described the two. "The pioneer is' the man who says our soli won't produce anything. The tenderfoot goes ahead and raises everything. -The pioneer Is the man who stands around and says all things can' be done. The tenderfoot goes ahead and does them." The speaker then related some of his personal experiences as a pioneer. I saw a lenuflnuoi over a i ruwtii Butte four or five yeans ago, plowing up one of my old wood-trails, over which, long years ago, I hauled my Winter's wood." said Mr Williamson. "I hailed him and asked him what he was doing. He replied that' he was doing a little plowing and tiat he proposed to raise a few oats. As .1 resumed my seat in my buggy, I. thought to my self, 'what a shame it is for that man to be spoiling a pretty fair quality of grass In such a manner.' rtow do you suppose I leit, wnen two years later I passed that same, way and found that same man thresh ing 3&-bushel-to-the-acre wheat - from that identical piece of land. Kfeaehntea Gives Up Wealth. 'I went up to Bend last Fall and found that they had a town there, where, back in the .'70s I had a calf pasture fenced In with logs and brush. In which I separated ana weaneu my calves each Fall. ' I do not believe those people up there knew of my loss, at least none of them referred to it. A talkative friend showed me the power plant and chattored away about - some thousands or so of power units, acre feet flow, initial velocity, and a lot of such stuff, most of which I did not hear, for there was that good old river, tne Deschutes, which in years gone by had nothing to bother or disturb It save to quench the thirst of my calves as It hurried and hurtled good-naturedly along on its way ,to the sea. There was that good old river tearing itself into shreds, lashing Into a perfect fury of rage, all because ft - had just been dammed by a tenderfoot. I missed my calves. I saw them nowhere lazily loi tering along the banks of that crystal river as hey did back in those faraway Os. "And that poor old river, so furious at this first interference, I wondered how few more Summers It would be until It should be loaded down until It would fairly groan out the balance of its existence groan out Its existence under the load of the 'white man's bur den.' ' Some of us are tryin&-to adapt our selves to the changing conditions. We will all adapt ourselves to the new, or sooner or later we will stand aside and give room to those who will: for God undoubtedly intended this country to provide for the many and not for the few, even- If those few were on the ground first. Settlers Empire Builders. Have not most of you wondered why It Is that all these best lands were not. owned long ago- by those who were here first? But, you may say, any body should have seen that these lands are productive. But. there you are again, up against the same serious BT CHARLES W. MYERS. EDMOND, Or., Jan. 18. (Special.) Central Oregon is about to enter upon its greatest era ' of prog ress and prosperity. The little cities, ..towns and business cen ters made . substantial headway last year, a great amount of new acreage was placed under cultivation, many new. families took up their per manent homes and tlie crops were gen erally satisfactory. Yet, probably the most notable fact that Impresses tne visitor Is the optimlwm of the people. the genuine faith which they hold for the future of this vast inland empire. The residents of this broad district fully realize that they are stilt some what In the pioneering stage of devel opment.' They are putting themselves, the soil and climatic conditions to a test, so to speak. They are finding out what Is most practical and most econ nomlcal to do in the way of soil culture and what to plant and cultivate to pro duce the best results-. It is a process of adaptation that is working out admir ably. The people who have been taking up these lands come from'all parts of the United States, They represent various walks of life. With the interchange of Ideas., habits of living and methods of work, they are not bound by customs and traditions that-are so pronounced n some of the old-established parts of the state. They are not prejudiced to stereotyped and hard and fast rules. The logical conclusion is- that in time the soil and physical conditions of the territorv will be subdued with signal success, a great producing district will add to the richness of the state many- fold and a vigorous and thrifty com munity will be built up. . ('-operation la Keynote. In a newly-developing district it is only natural to find a feeling of local pride in each of the business centers. There may be little jealousies .existing. Bach place has its peculiar advantage over the other, perhaps. There has been some hint of this situation here In Cen tral Oregon, but there, is little evi dence of it. now. On the other hand. there is a growing feeling ot co-opera tlon and a general get-together spirit from Sisters to Prineville, from Madras to Redmond, from Metollus to Bend. The common development of these vari ous places and Immediate districts is the end sought; the general advance ment of Crook County is the chief aim. With the central part'" of the state making progress in this respect, the residents of the Redmond and Powell Butte 'districts' are carrying out a co operative programme that is bound to bring greatly remunerative results. The agricultural production of these dis tricts has been increasing at at a rapid rate. Up to the present time the farm ers have not been getting current prices for a large proportion of their products by reason of the lack of a proper mar ket. . The advent of the railroads, of course, has been a great aid to this section of the state and lias given a wholesome stimulus to the farming in dustry. But the farmers now have reached a better understanding of the importance of modern transportation facilities te the district. They realize that It only remains for them to take proper steps In acquainting the. outside world with the high quality of their products In order to place Central Oregon In the first rank of agricultural districts of the Northwest. To that end the busi ness men and residents of the Redmond and Powell Butte localities organised the .Redmond I nlon warehouse Com- cany. bunt, a large and substantial warehouse At a cost ot $10,000 aU es-ij charge. It takes no supernatural fac ulty In anybody to discover that oil. like. -water, will run down hill, and If confined, will run , a good waya down hill. Any child of school age can un derstand as primitive a proposition, and yet this whole American continent stood back and allowed John IX Rocke feller to become the richest man in the-world by putting that simple fact into -practical operation. Andrew Car negie solved the colossal problemof building each year twice as arge a furnace as he smelted ore in the year before, and as a result ruined his sat isfaction in his old age by finding himself burdened down with more money than he can give away. So simple are the principles that under lie the enormous .wealth of those men that they do not In any way attract my particular admiration, much less excite my wonder. ' "But there is something about the men and women who go out upon these plains out upon these vast and deso late reaches and subdue, and till, and plant, and replant, ; until the whole scene Is reversed and whole townships of desolation are transformed Into pro duct'lve farms and happy homes. Tliey tare the men who have solved the dif ficult problems and who both com mand my respect and excite my won der. And yet, you ask me. with all my God-given limitations, why I did not solvo those problems when I 1 was a mere boy. "In view of conditions as we have them here today on every hand, such a consummation would have been noth ing short of a catastrophe. Instead of this promising city, instead of the pro ductive farms on every hand, instead of the schools, the churches, the homes and the happy children there would have been or years to come the same dreary, trackless desolation In every direction, as of yore." STUMP-TESTS MADE- Forest Service to Conserve Wealth From Wood Waste. DISTILLATION IS METHOD ACRES OF LAND WASTED DR. WITHYCOMBE SAYS WEST ERX OKEUOX NEEDS AID. Tiling With Drain Pipe Would Make Doubly Productive. 4.000,000 Acres and Add to State Kiches.- , SALEM. Or.. Jan. 18. (SoeclaD That there are 4.000,000 acres of land in Western Oregon' that, if properly tiled with drain pipe, would be doubly productive and add $25,000,000 annually to the output of the Willamette Valley, Is a statement credited to Dr. Withy combe in the report of the Bureau of Mines, which has just been forwarded to the state capital. The report states that 'the .outpu of clay in Oregon Is approximately $1,000,000 and that about . $5,000,000 worth of clay Is Imported annually. The report says that the state is paying an exorbitant price for Its structural materials. As an instance It says tha pressed brick, such as Is used in the Multnomah Hotel, costs $16 per thou sand in the Middle States and $2? per thousand in Oregon. The cement situation Is even more appalling, says the report. Whije ac curate figures are not. available, it li id 1.500,000 barrels of Portland ce ment werA shlnneH into Pnrtlnnil nlnne while not a barrel Is manufactured in the state. It Is pointed out that Ore gon must have resources which would produce good Portland cement. The report also states that Oregon should produce all the lime that she uses. Suggestions are made that the Bu reau of Mines, if properly equipped for Investigation, could save Immense sums to the state. The following suggestions are made In the way of appropriations for the .work or investigation: Invest!, gating clay, $47501 investigation of ce ment, sjZou; investigating coal, oil, gas and the extent of fertilizer. $3500; hire or a mining geologist and assistant for both Eastern and Western Oregon, $10,000, and cost of other aids in Inves tigation bring the total desired up to 134, SU0. NEW PLANT IS PROBABLE Condon Expects Cheaper Lights im'J i Power as Kesult. ' CONDON, Or., Jan. 18. (Special.) Condon Is rejoicing over the proposed new electric light system, with prob able cheaper lights and power. .At the present time the residents are paying lis cents a kilowatt hour for lights, while George Jacobs, the promoter of the new system, says that lights should not be higher than 15 cents a kilowatt in Condon. Mr. Jacobs was in Condon yesterday. It Is understood that he is planning to build an electric plant on the John Day River, through which he will light numerous towns of this sec tion of the country. Mr. Jacobs is in terested in electric plants In Oregon Washington and other states.' He ex pects to return to this city soon with engineers to look over the ground. It Is probable that Fossil also will be connected with the plant. Cornelius to Pave Streets. FOREST GROVE, Or., Jan.,18. (Spe cial.) Cornelius, a busy little town 24 miles from Forest Grove, with a popu lation of 700 is planning hard-surface pavement for the coming Summer for Its main thoroughfare. The City Coun. cil Is conducting a test of the various kinds on the market and contracts will soon be- let. An up-to-date water sys tem has been completed, bringing its supply from the Forest Grove supply head, and fire-fighting apparatus has been Installed. i MILLIONS BEING SPENT IN NEW BUILDINGS: Modern structures under way and to be built in Portland immedi ately will Involve a total expenditure of more than $9,000,000. In addition to business buildings, scores of new dwellings, flat buildings and apartment-houses that are to rise within the next few months in volve an additional expenditure in building construction of approxi mately $2,000,000. Among the larger structures under ' construction and planned are the following: , ' Multnomah County Courthouse, costing $1,500,000. , . Central Library building, costing $450,000. ' Thirteen-story Oregon Hotel annex, with equipment costing $1,000,000. Fifteen-story building, of the Northwestern National Rank, costing $800,000. . ; 4 .' Eleven-story home of the Pacific Telephone 4 Telegraph Com pany, with equipment, costing $900,000. ; ' Six-story structure on Plttock Block ol Northwestern Electric, Company, costing $700,600. r? ' . - i Ten-story office building of Multnomah Security Company, cost ing $300,000. - - f ' . - Eight-story office building of Morgan - Bushong , Investment Com pany, costing $500,000. . ' Five-story Empress Theater building, costing $350,000. Twelve-story Physicians' building, costing $350,000. Slx-stdry building of Fidelity Security Company, costing $100,000. f . Three-story laundry building oh East Side, costing $75,000. - Five-story annex to Golden West Hotel, costing $45,000. . - ; Four-story building at Second and Couch streets, costing $30,000. ' ', Three-story apartment-House for C. W. Miller, on East Side, cost-. t ing $60,000. ' - , , Five-story at Third and Yamhill streets, costing $75,000. Five-story building at Third and Ahler streets, costing $75,000. New edifice for First Methodist , Church at Twelfth and Taylor streets, costing $150,000. , Three-story theater building at Sixth and Stark streets. $80,000. '' Three-story apartment-house on First, Bear Sherman, $30,000. . In Addition to Determining 4Jlit " of By-Products, ;ovcrniicnt Alms lo Hetltiee Cost of Clearing Cut - Over Lands. The United States Forest Service, In co-.operp.tion, with various local inter ests, is planning to make an Investiga tion of the merits of wood distillation as a means toward reducing the cost of clearing logged-off lands and cre ating a revenue from the wood waste cn timborland and In sawmills. The Government has appropriated $5000 for ' this work and experts to show conclu sively the adaptability of Douglas fir for yielding the various products ot distillation. The plan is to obtain a quantity ' stumpwocd from a characteristic sec tion of logged-off land along the Co lumbia River and also In the viclnfty of Tacoma, Wash., since these regions represent the two distinct soil forma tions of the Douglas fir ' belt. This stumpwood will be distilled In the re torts of the Oregon Wood Distilling Company near Llnnton, and an exact record kept of the yield of the products of distillation, such as turpentine, tar oils, tar, pyroligrneous acid and char coal. . .: Analyses to Be Made. The Oregon Wood Distilling Company Is contributing the use of Its plant and the stumpwood is being obtained from the owners of Scappoose Acres, near Scappoose, Or., and the Chamber of Commerce of 'Tacoma. After extracting the distillates from the stumpwood obtained In these two regions, these distillates will be sub jected to chemical analysis to deter- , mine their suitability for commercial uses. The chemistry department of the University of Washington is made available for the analyses. If It can be shown that the yield of distillates Is sufficient and their quality satisfac tory. It is believed that this method of : obtaining revenue from the woid in '. the stumps removed from logged-off ' lands will in part pay the cost of land-clearing and thereby greatly help the settlement and agricultural devel opment of lands formerly demoted to a timber crop. Large quantities of land from which , the timber has been removed Is excel- , lent for agricultural purposes, and tha stumps are the only Impediment to Its conversion Into rich farms. Under pres ent conditions, without revenue of any form from stumpwood or from the ' clearing of lands, the expense of clear- lng is so great as to - be almost pro- hlbltlve. ' ' The Government has already made a ' prelimlna'ry survey of the situation. ' The present work Is undertaken be- ' cause of the prospective satisfactory '' results from the use of the process of -distillation as practiced by the Oregon Wood Distilling Company. Special Plant to Be Built. After completing Its Investigations of stumpwocd the Forest Service Intends., to conduct similar distillation experi- ,. ments on stunted growth timber aVid , on the various forms of waste peculiar 1 to Douglas fir sawmills. This invest!- ,( gation will.be made at an especially--.. erected distillation plant which will ba located on the campus of the Univer- ! sity of Washington at Seattle. The Forest Service Is assuming the entire cost of these experiments, and '. the University of Washington Is co- operating In the work by tendering the,, use of its chemical laboratory and cam--., pus in advancing the project. , costing ' costing TOWN.S1TE TO BE DEVELOPED ? Mctzger Station to Be Handled by Cn I la n ' Kaser Realty Active. 'l Callan & Kaser have taken over the '. Metzger Station townsite, sltuatod' about eight miles south of Portland on " the Oregon Electric, and will place the property on the market early in, March. There are about 200 lots In tho town site. Improvements now being installed . include graded streets and a water sys- : tern. - ' The town now has two genera stores, a school building of two rooms and a , church. A Postoffice was established last month and recently a commercial club was organized. The country trfbu- tary to this business center is settling .. rapidly. This firm reports active business in the realty field. Among recent deals -; was the sule of a- six-room modern ' bungalow In Belle Crest Addition from Dr. B. P. Shepherd to C. K. Oliver, of ' ' Olds, Wortman & King, for $2600. Mr. ., Oliver already has taken possession.,,, John Gray purchased a five-acre tract at Glenco Acres and will Improve the,,, place. The firm sold to M. N. Cain, of Tort- , and, a tract of 20 acres of fruit land .. at Hermlston for $4000. Two lots In Mock's Addition, improved with dwell- ngs, were sold to A. K. Itohb for $7500. ly Luke Purk Tracts Sought. A movement'has been started on the ' South Kast Side to secure a tract of" land near the Reed College grounds t or ' a park to Include the main portion ot Crystal Springs. The Reed College-, grounds Include an extension of these Springs, the lake park, but the main portion is Outside, and to secure the' lake will require about 45 acres of land. That a beautiful park with this lake" can be developed is the opinion of all who have Inspected the territory. G. A. Carter, former . president or the Westmoreland Improvement Associa- j tlon, declared that the lake can be dc-' eloped into one of the finest parks in; the city, and that It would bo an as-; et for Portland, besides being a part : of the Greater Portland Pluns and also" the Olmsted plans. In his addresses on Reed College development Presl- ' dent Foster has pointed out the possi-. bilitles of this lake park. It would be. accessible from several . thousand acres of territory which is being rapid-' ly settled. The new consolidated Im- provement club will urge that this lake, park be secured before the land about It has been used for other purposes. Knetory Building Planned. ; Charles Wackrow, manager of the North Pacific Auto & Wagon Works,, has taken a 20-year lease on the half block at Ninth and Hoyt streets and; will erect a two-story brick building, on the site to be used for a factory. Plans for the building are now being" prepared by the Oregon Architectural! & Knglneeilng Company. . The building; will cost about $10,000. t Laundry Buildln- Complete. ' The American Laundry Company has completed a modern building for Its' new home on East Third, near Kast; Irving street, at a cost of about $35,-; 000. The building is of brick 'construe-, tion and partly one and partly two; stories. It is one of the first buildings to be built in the territory adjacent t the approach to the railroad bridge. I ' -'