The Sunday Oregonian., March 21, 1915, SECTION FOUR, Page 12, Image 60

THE SUNDAY OEEGOXIAX, PORTLAND, MARCH 21, 1915.
12
10 HUGE PLANTS
SOON WILL RISE
First Unit of Coin Manufacture
. ing Company in Holgate
V to Cost $50,000.
$150,000 IS TO BE SPENT
Plans Completed for Erection of
Western Cooperage Buildings at
St. Johns Machinery Will
( Bring Cost Vp to $150,000.
" The building: projects of two large
plants, the Coin Machine Manufactur
ing Company and the Western Cooper
aga Company, were most important in
construction circles here last -week.
Flans were completed and bids re
ceived for the erection of the first unit
of large plants to be built for the Coin
Machine Company on the 26 lots In Hol
jtate Addition, near East Seventeenth
and Alice streets, recently purchased
from the Realty Associates through
Ivan Humason for $12,500. This build
ing, with machinery, will cost the com.
Jiany between $35,000 and $50,000, and
the completed plant, plans for which
already are being drawn by the com
pany architects, Jacobberger & Smith,
will represent an investment of approx
imately $150,000.
The present structure will cover 50
by 200 feet at the western end of the
plant site in such a position that it
may ultimately be connected by a wing
arrangement. The two stories will be
treated with brick and mill materials.
In the face of competition from all
over the world the local company se
cured the order for supplying more
than 200 turnstiles for use at the San
Francisco and San L'iego expositions.
The directors of the company are T.
Irving Potter, P. S. Poernbecher, H. D.
Itamsdell, W. J. Clemens, H. C. Wort
man, I B. Kern and E. V. Keardon. At
the present time a small plant is op
erated on Hawthorne avenue and a
larger plant in Dayton, O., but the plan
is to concentrate all future manufac
ture at the Portland plant.
The I R. Bailey Company completed
plans last week for the construction
of the group of buildings that will form
the large cooperage plant being erected
e.t St. Johns for the Western Cooperage
Company. The first unit of the plant
Is now nearly finished.
When all of the proposed buildings
are built they will cover a strip of
ground 900 feet in length. It is said
that 1.000,000 feet of lumber will be
required to complete the work. The
ultimate plant, with its machinery and
qulpment, will be worth about $150,000.
Realty Hoard to De Dined.
Those members of the Realty Board
who have German blood coursing
through their veins have invited the
entire personnel of the board to enjoy
a German night of German music, Ger
man song and German refreshments at
the Commercial Club next Thursday,
the eve of the annual election of the
liealty Board.
These notables will serve as waiters:
"BUIle" Mall, George D. Schalk. Henry
W. Fries, Ivan Humason, Dorr E. Kea
sey, Herman Von Borstel and Charles
Ringler. Florian Fuchs has been des
ignated to act as high comedian. The
Germans already have placed their
election ticket in the field, and 'it is
understood that the Irish members are
planning a political trick to capture
the bulk of the votes at the last minute.
It is said they will save their strength
until the German night and then come
forth "stronger than horseradish."
Meanwhile those who have serious
aspirations for office are "feeding
taffy" to the followers of both nation
alities. K. K. Taylor seems to have the
Board presidency put away on ice. but
there will probably be a lively race for
secretary between F. I,. Purse, incum
bent; H. 1.. Idleman and Paul A. Cow
ghill. Company ChniiKP Is oted.
The Zeller Abstract Company has
taken over tile plant and equipment of
the Fidelity Abstract & Titie Company
and is operating under t!ic new name in
the Abington building. .1. A. Zeller is
president of the company and C. W.
ller manager. The latter has had 20
years experience in the business. 10
years in Portland and 10 years in Spo
kane witli the Spokane Title Company.
Rimca llrlcht Visited by Hoard.
Dorr K. Koase who is conducting a
whirlwind sale of Kings Height prop
erty, entertained a large delegation of
Realty Hoard members yesterday with
a "personally conducted" tour of that
section.1 The jolly crowd left First and
Washington streets at 2:30 o'clock in
a specially chartered car. Mr. Keasey
has placed big signs on the property
which illustrates the cuts that have
been made in list prices on the prop
erty. Work Stnrtrd on Library Ilnllillnir.
Ground was broken Monday for the
new library building for the Sellwood
Branch Library on Xehalem avenue,
between East Thirteenth and East
Fourteenth streets, Sclwood, by Con
tractor G. H. Hamilton. The cost of
the new structure will be $:UHU) and it
will be completed within about three
months. The main room will be 50 by
26 feet. The children's hour room will
be placed back of the larger room.
Circulation of books from the Sell
wood Branch Library has increased
rapidly the past year, the report of the
librarian for February, 1315, showing
yoo more than for February, 1914. More
space became necessary. The new site
is only two blocks north of the present
location at 570 Tacoma avenue. The
library officers will occupy the new
.quarters by July 1.
Flies Ifrtveu for Foundation.
Piles are being driven for the foun
dation of the Rlake-MrFall building
on the half-block on the north side
of East Ankony street, between East
Second and East Third. These piles
are required only under that part front
ing on East Second street, where there
reejned to have been a channel of a
water course at some time. Pits were
first excavated down for about 15 feet
and piles were driven, which will be
covered with concrete.
Excavating is in progress all over the
half-block, the material being hauled
to the low vacant hlocks on East Sev
enth street, in Central East Portland.
With the basement this structure will
be five stories, 200 by 100 feet, and
fhe cost is estimated at $90,0"00. It
will have brick exterior with heavy
mill construction inside. It will be
completed this Fall.
Highway Job Is Let.
The lowest bid for the construction
of the proposed stretch of the Colum
bia Highway in Hood River County.
$10,543. was submitted by Standifer &
Clarkson, of Portland. The various pro
posals were opened by the State High
way Commission at Salem Wednesday.
The low bid is about $.10,000 below tne
tram appropriated for the work. The
contract probably will be let tomorrow.
County Job Goes Ahead.
Bids for the construction of the pro
posed Josephine County Courthouse,
' which waa described and Illustrated in
The Oregonian several weeks ago, will
bo- received commencing; tomorrow iy
the architect, E. E. McClaren. whose
sketch was chosen by the County Court
as the best among several suominea
The estimated cost of the entire struc
ture is $100,000.
Dr. Coffey Adds to Hospital.
Dr. R. C. Coffey obtained the author
ization of the bureau of buildings last
week to erect a one-story frame hos
pital at 611 Lovejoy street, between
Nineteenth and Twentieth streets. The
probable cost is given as $5000. The
location is adjacent to the Portland
Surgical Hospital, which is owned by
Dr. Coffey. J. C. Clark has the work.
Repairs Will Cost SUOOO.
The H. Weinhard' estate has commis
sioned J. W. Thurman to make exten
sive repairs to the seven-story building
located at 68 Fifth street. The work
will cost about $6000. according to the
estimate given in the permit.
Rossmere Gets Two New Homes,
For Lillian J. DeKeater, W. T. Mackey
and R. L. Mackey have commenced the
erection of a $2500 bungalow at 498
East Forty-first street North, in Ross-
mere. C. H. Greene has commenced
a Hi-story frame residence on East
Forty-second street, between Tillamook
and Thompson streets, in Rossmere
Addition. It will cost $2500.
I X. Blanc Erects New Home.
Work has been started on a new
home on Forty-second avenue, between
East Sixtieth and East Sixty-first
streets, for !. X. Blanc, the cost to be
$2000. Iiouck & Hettiman are the
builders. W. C. Wood has started the
erection of a one-story frame dwell
ing on Simpson street between East
HOW THE PLANT OF THE
Thirty-third street and Glen avenue.
The cost will be $1000. lautz Build
ing & Investment Company is erecting
a garage on Stanton street, to cost
$250.
Two Moderate-Priced Homes Begun.
E. J. Oberle has Droken ground on
Forty-fifth avenue and Forty-ninth
street Southeast, in Brockton Addition,
for the erection of a $2000 residence.
T H. Cowley is building a 1-story
frame residence at 1029 East Twenty
eight a street North, in Alberta. The
Plans drawn by Architect A. H. Faber
call for, an expenditure of $2250.
Anna Bauer Builds Residence.
Anna Bauer is having a two-story
residence built on Haven, between
Girard and Vanderbilt streets, at a cost
of $2000. G. G. Iarneid is tne con
tractor. Herman Badke is erecting a
one-story frame dwelling on Linn, be
tween East Sixteenth and Coney streets,
at a cost of $1250. A story-and-half
building rising on Stanford street and
Union avenue and East Sixth street for
the Brong Company will cost $1750.
Matt Mosgrove Builds Home.
A one-story residence is being erected
for Matt Mosgrove on Arnold street,
between East Thirty-fifth street and
Marguerite avenue, the cost to be $1500,
G. O. Goldenberg being the contractor.
M. K. Lindsay is repairing a one-story
frame cottage on East Sixty-first street,
between Whitman street and Sixtieth
avenue, the cost to be $500.
Roy O. Powers Builds.
Roy O. Powers has started to build
a Hi -story dwelling on East Caruthers
street, between East Twenty-fourth and
East Twenty-filth streets, the cost to
bo $2500.
T. Albert Gammon will erect a one
story frame wdelling on Burrage street,
between Buffalo and Lombard streets,
on the Peninsula, to cost $1200.
The Third Church of Christ is hav
ing repaired the church at East Twelfth
and Salmon streets, the cost to be $125.
J. Pauley is repairing a building on
Forty-second avenue, between East
Fortv-sixth and East Forty-seventh
streets, at a cost of $500. J. W. Swank
is erecting a $1000 dwelling on Dekura
avenue, Woodlawn, with B. F. Doty
contractor.
Besidence to Cost (E00.
F. E. Bowman & Co. have taken out i
a permit to erect a two-story residence
on East Twenty-fifth street, between
Tillamook and Thompson streets, to
cost $6500. They will superintend
erection of this residence, which will
be modern in all lines.
C. X. Ackerson to Build Residence.
C. N. Ackerson has started a resi
dence at 1026 Hancock street, in the
Hancock-Street Addition. The cost will
be $2000. M. E. Whitney is building
a cottage on East Eighty-fourth street,
between Forty-eighth and Forty
ninth avenues, at a cost of $500. A
one-story dwelling is being erected for
J. Nasman on Fifty-eighth avenue, in
the South East Side, at a cost of $1000-1
UNIQUE LAURELHURST BUNGALOW B PURCHASED BEFORE COMPLETION
I : - "I
- k y &
t ' ' sMNk ' - ' , i
- tUrtr,,IM,iumV
t 4 !httttTn fMil rnT ? vi '-4 t; l 'H !
: t-J ' ssjr- iJCZt iH i
X- . V , i
: s r - s O C ' " ' s " ' " S ' - , -f i
i '. A JW-a, ' ' '"' ''"1 ' " ' ' ' . , -
' " lllnnU-l-.-lnttMBiMLnlsXllall.. " I."" ' WHIIWn
t DESIGN AFTER WHICH N. G. PIKE'S NEW HOME WAS PATTERNED. !
..........'' ajl'-a j ' . .j.'.v'vv'"r"- -'"--'-'-'
OF PENDING DEALS
3 ARE' COMPLETED
Princess Hotel Transfer Made
at-Valuation of $120,000.
$90,000 Trade Realized.
EAST SIDE PROPERTY SOLD
Two Factory and House Sites Are
Exchanged for Beautiful Resi
dence Acreage of Dr. J. X.
Coghlan on Belmont.
Among a half dozen or . more good
sized realty transactions that have
been pending in Portland for several
weeks three were concluded last week.
The more important involved the trans-
FIRST UNIT OF ULTIMATE FACTORY
If VKmmmwS
COIX MACHISE MAXUFACTlRINtt
fer of the Princess Hotel property at
a valuation of $120,000, another was a
$90,000 trade arranged by Callan &
Kaser between J. O. Elrod and J. N.
Coghlan, and the other involved the
Bowman apartments in Irvington.
The Princess Hotel, which is situated
on the northwest corner of East Third
and East Burnside streets, near the
end of the Burnside bridge, has been
deeded by Mrs. John Withycombe, of
Corvallis; Mrs. Anderson M. Cannon,
of Portland: Mrs.' George W. Gray, of
Salem, and Miss Gertrude Jones, of
Lake Labish Meadows, Marion County,
to Mrs. Minnie Tobey, of Eugene, in
exchange for a well-improved 33,000
acre wheat ranch located 16 miles
south of Arlington, Gilliam County, in
what is known as Shutler Flats.
The Princess Hotel is about five
years old. It was purchased two years
ago by M. L. Jones, a pioneer farmer
of Marion County, who has extensive
holdings in the Lake Labish country
a few miles north of Salem. Mr. Jones
afterwards gave the hotel to his four
daughters, who held it until the trade
transaction was concludes in Portland
last week.
Except for a supplementary frame
building, the Princess covers all of
the 100-feet-square site. The hotel is
of reinforced concrete construction.
The site is about a block removed from
the location of the five-story Blake
McFall building that Is being built by
Oscar E. Heintz at a cost of about
$90,000. k
The local realty firm of Sullivan &
Cather represented Mrs. Tobey in the
negotiations and F. W. Newell ap
peared for the joint owners of the
Portland property.
xThe realty firm of Callan & Kaser
last week closed an exchange of two
factory and warehouse sites owned by
J. O. Elrod. one of Portland's well
known realty operators, for the beau
tiful Mount Tabor residence property
owned by Dr. J. N. Coghlan. The prop
erties exchanged consist of 100 feet of
trackage at East Twenty-fourth street
and Holladay avenue and 500 feet of
trackage at East Twenty-ninth street
and Sullivan Gulch, opposite the Doern
becher furniture manufacturing plant,
for an 11-room house and beautiful
grounds located at East Fifty-eighth
and Belmont streets. Mr. Elrod con
templates remodeling the house and oc
cupying it as his home. Dr. Coghlan
will hold his newly acquired property
as an investment. The total consider
ation is reported as $90,000.
The elegantly appointed Bowman
flat building located on the northwest
corner of East Sixteenth and Hancock
streets was sold by the Fl E. Bowman
Company to Robert J. ONeil, a local
attorney, for $29,000. As one-half of
the consideration Mr. Bowman accepted
a 50-by-100 lot and 200 by 285 feet
located at East Twenty-eighth and
Thompson streets.
Mr. Bowman also has sold a seven
room modern residence under construc
tion at East Nineteenth and Klickitat
streets to F. A. Geddis, of the Port
land Coffee Company, for $7500. This
is the fourth residence on this block
that has been sold by the Bowman
company before completion. The com
pany is about to commence the con
struction of three residences that will,
when completed, cost about $30,000 in
total. . .
Another Irvington Deal Made.
For $9500 M. J. Delahunt has deeded
the Improved property located on the
south side of Tillamook street between
East Seventeenth and East Nineteenth
streets to Joseph T. Peters and asso
ciates. The property is located in John
Irving's First Addition.
Irvlngton Home Brings $5000.
In East Irvington the Barret es
tate transferred lot 12, in block 1,
with a modern residence, to Orlando
W. Davidson for $5000. Ambrose Scott
sold to W. A. Runyan lots and frac
tions of lots in Howe's Addition for
$2850.
Sale In Brainard Tract.
Axel Carlson purchased a house and
lot in the Brainard Tract last week
from Nicholas Holzapfel for $2000. The
property is described as lot 13, in block
2, and is near Montavilla. In Mai
lory's Addition, near the Riehmond
schoolhouse. Pearl 'E. Townsend took
title to a home from Rosa Buchanan,
which is described as the south half
of lot 2, in block 9. The price named
in the deed Vas $2800. j
Margaret Blssett Buys Property. ' :
Margaret Bissett purchased of Kate
Clancy trackage on East Nineteenth
and East Everett streets for $1100.
PLANT IS ABOUT TO BE ERECTED.
COMPANY WILL LOOK WHEN ALL OF
Tract 34, in Midland Acres, was pur
chased by H. H. Brown from Katherine
Sullivan for $1500. James Boggs sold
to Helen Graves lot 19, in block 14,
Tremont, in the Southeast Side, for
$800. A. C. Furlong took title to lots
11 and 12, in block 3, Laurel Park, from
Edward A. Stadter, for $1100. In Lau
relwood Guy Martin transferred to H.
F. Noble lots 4 and 5 for $900.
Sellwood Lot Brings f 1400.
Alexander Bernstein transferred to
F. W. Grabel lot 18, in block 47, Sell
wood, for $1400. It is located on Uma
tilla avenue near East Thirteenth
street. A half block in Dover, including
lots 21, 22, 23 and 24, in block is, was
soi to Charles D. Schmidt by the FredJ
A. Jacobs Company for $uu. nartman
& Thompson transferred to Jens Ther
kildsen lot 15, in block 24, Rose City
Park, for $1000. This lot is located on
the corner of Brazee and East Forty
ninth streets. ' '
Samuel Brown Buys In Kern Park.
Samuel Brown has purchased a home
in Kern Park, in the South East Side,
from Mabel Miller for $3500. The
property is described as lots 1 and 2,
in block 3. In Tremont Place, in the
South East Side, George J. Miller trans
ferred to George Parker lot 26, in block
6, for $1075. The Euclid Investment
Company has transferred to George
W. Thompson lot 10 in block 2 for $950.
Holladay Park Sale Is Made.
William B. Robertson purchased of
Fannie J. Kane the east 23 1,-3 feet of
lots 2 and 3, in block "C," Holladay
Park First Addition, for $4000. A resi
dence was included in the transfer.
Three lots in University Fark were
purchased by L. F. Berhide from Will
lam R. Cochran for $150. The property
Includes lots 31, 32 and 33, in block
71. In Ina Park F. D. Jones trans
ferred lot 13, in block 12, to M. S.
Cobb for $2000. The University Land
Company sold S. B. Gallagher lots 1
and 2, block 52, in University Park,
for $1000.
R. L. Austin Buys In ft en ton.
Three lots in Kenton were purchased
by R. L. Austin from Mrs. Dallis Bache
for $3000. The property transferred
included lots 4, 5 and 6, in block 34,
and a residence. In Tomllnson's Addi
tion, Lorena Crooker Anderson pur
chased a house and lot from Peter
Geres, the price being $3000.
Residence in Merlow Is Sold.
Albert Anderson transferred to Helen
D. Lyng lot 9, in block 7, Merlow, in
the Rose City PaTk district, the con
sideration being $5400. A residence was
included in this transfer. A quarter
block in Lyndhurst, described as lots
5 and 6, in block 1, was purchased by
Roy McDowell from Gust Nelson, the
consideration being $650. Lot 7, in
block 5, Laurelhurst, was purchased
by Sarah E. Verhoeven from O. W.
Messelhiser, a nominal consideration
being named in the deed.
Many of the -women of Chile are employed
as car conductors.
NEW CITY GROWS UP
Wagner, in Coos County, Ex
pected to Increase Quickly.
GREAT WEALTH TRIBUTARY
Large Body of Standing Timber to
Be Developed by C. A. Smith Com
pany and United States Steel
Expected to Take Out Ore.
MARSHFIELD. Or., March 20.
(Special.) There is growing up in
Southern Coos County a city which
promises to eclipse some of the larger
towns of the county within two or
three years, and the community al
ready has a population of more than
600. The city will be built on a sub
stantial basis and will be the center
of the C. A. Smith timber cut for the
next 20 years. Besides having this
steady population, the town of Wag-
THE VtilVS ARB COMPLETE.
ner is expected to be the supply point
for large mineral operations.
Wagner is the terminus of the Smith-
Powers logging railroad and is but
six or seven miles from the Iron
Mountain district, where large bodies
of ore are to be exploited by a branch
of the United States Steel Corporation.
Reports and assays on the ore in the
Iron Mountain vicinity show aa high as
65 per cent Bessemer and it is believed
from the present activity of the United
States Steel Corporation an extension
of the railroad will be run into the
district south of Wagner to tap the ore
bodies and a smelter will be erected
either at the mines or near Wagner.
Advance agents of the corporation
have been active in the IronMountain
section for two years.
The district southward from Wag
ner is all mineral-bearing country and
includes territory from which thou
sands of dollars in placer gold were
removed in early days. Salmon Creek,
Rock, Lobster, Foster, Boulder and
other streams have contrlbtued to the
wealth of many miners, but the conn
try has never been carefully worked,
owing to the isolated position and the
difficulties of transportation. There
is fine marble in the Rock Creek coun
try and platinum and tungsten have
been found in paying quantities.
The Smith-Powers Logging Com
pany has not offered any of its Wag
ner property for sale yet and will first
open streets, install a water system
and probably an electric distribution
system. The C. A. Smith mill, at
Marshlield, supplies all the electric
current consumed on Coos Bay, oper
ates its Henryville coal mine electri
cally and expects to run a transmission
line to the southern part of the county,
supplying on the way Coquille, Myrtle
Point and other places along the route,
which is 56 miles in length.
LAURELHURST LOTS GO
N. G.
PIKE BUYS ITALIAN BUNGA
LOW FOR $S0OO.
Many Other Transactions in Homes
and Vacant Property Reported
With Prices Up to SB30O.
N. G. Pike, of the Pike & Markham
Company, last week paid the Laurel
hurst Company $5000 for the Italian
bungalow now being constructed on
East Burnside street, near East Forty
first street, in Fernhaven Court,
Laurelhurst. This little home is dis
tinctly different from anything ever
constructed in Portland and it is at
racting a great deal of attention. The
bungalow is being finished to suit the
purchaser.
R. H. Torrey, manager of the Laurel
hurst Company, has an optimistic re
port to make of business in Laurelhurst
during the past two weeks and quotes
a list of sales as evidence of the build
ing activity now in progress in
Laurelhurst.
Levi Rodlum has purchased a 75x100
foot corner in "Fernhaven Court,"
corner of East Forty-first and Ash
streets, on which he is building a $5000
Japanese bungalow.
G. G. Lartield, a Rose City Park
contractor, has purchased a sightly lo
cation on Past Ash street near Foity-
first street in Fernhaven Court, on which
he is erecting a six-room California
bungalow, costing $3500.
The company sold a large new two-
story nine-room house on East Flanders
street near East Thirty-ninth street to
B. E. Palmer, Division superintendent
of the O.-W. R. & N. Company for
$6500. This house is finished in ma
hogany with oak floors throughout
and has many unique features.
Edwin F. Balgeman has purchased a
site on East Ash street near East
Forty-first street, in Fernhaven Court,
on which he is erecting a $3500 six
room bungalow.
Robert H. Liddell bought a 7-room
one-and-one-half-story house at No.
112 Mlrimar Place for $5000.
George E. Maxwell has sold a one-nnd-one-half-story
six room house on
East Forty-first, between East Couch
and East Davis streets. In Laurelhurst,
to J. P. Hoben for $3500.
John Saari. a Minnesota capitalist,
has purchased the northeast corner of
East Thirty-ninth and Glisan streets,
on which he is erecting a handsome
two-story house costing $6000. A.
Palunen has the contract for the work.
Others who are erecting residences
In Laurelhurst are W. M. Crantford, R.
B. Rice, P. A. Randall and F. B. Tur
ner. . y
Sale. Completed In Laurelhurst.
The Laurelhurst Company transferred
ot 26. in block lVi. Laureinurst. to
ESTATE IS ASSURED IF
INSURANCE IS CARRIED
E. W. Amesbury Cites Official Percentages of Failures' in Showing That
Majority of People After Business Career Die Poor.
BT K. W. AMESBURY.
TIE desire to possess an estate Is,
without doubt, one of the most
worthy and universal ambitions
that is or could be held by any citizen
of this or any other country. This
statement is particularly true of the
income producers of this land of free
dom and opportunity. Evidence of this
purpose is manifested by the millions
of dollars annually invested by them
in all sorts of systems, schemes and
speculations which promise to return
profits ranging from 10 to thousands
per cent. Too few, alas, are satisfied
with guaranteed security and 6 per
cent.
carefully compiled statistics from
colleges and commercial agencies show
that the age of 45. 80 per cent of
the people are prosperous, to the ex
tent of being able to produce more than
is actually needed to sustain them.
The mortality tables show that more
than one-half of these people will live
to reach the age of 65; and at that
age more than 95 per cent are poor
and dependent on relations, friends
and charity. The following figures
taken from Philadelphia records will
support the statements made above.
Philadelphia is probably a representa
tive a city as any in the Union. It
frequently has been alluded to as "The
City of Homes." Its mortality record,
26.941 deaths in 1914, out of a popula
tion of 1.675,908. is about normal.
70 Per Cent Leave no Estates.
Of this, 26,941. using the census of
1910 as a basis. 17,735 were adults.
Official figures from the Registrar's
office of the City of Philadelphia show
that 2991 wills and 2176 letters of ad
ministration were filed In that city
during 1914. a total of 516".
Therefore in the language of the
late Judge Ashman, of that city, (who
made a similar investigation In IMS)
12,568 of the 17,735 adults who died
in 1914 "left no property for their
heirs." To put It differently. 12.56S
oersons. more than 70 per cent, died
not owning property worthy of either
a will or administration.
If more than two-thirds. 12.568 out
of the 17.735. failed to leave an estate,
what of the 6900 who are living aoove
the age of 65, living beyond the Income
earning age? No doubt all of these
12.568 people once indulged the fond
hope that they would leave an estate
to their heirs. How many of them
made a fortune, and lost it along the
way? inelr Olsappoiniment is now ii
no consequence, but what of the living
loved ones left by them, and to be left
by each year's quota of the dead?
New York Records Tally.
A recent examination of the records
in the New York Surrogate's office for
a period of five years showed that of
the adult persons who died at that
time,
Eighty-five and three-tenths per cent
left no estate.
John Saari for $160. The company
sold to R. B. Rice, builder, lot 17, In
block 30, Laurelhurst. for $1300.
MXXTXOMAH KCYLTY IS ACTIVE
Several Home Sites Sold and AVork
on Buildings Progresses.
The last two months have bought an
extraordinary growth In that territory
adjacent to Multnomah on the Oregon
Electric, where a great number of sales
have been made. The Western Security
Company reports the following activity:
Harry and Mary Cook purchased lot
16 and part of lots 21 and 22. in Overhlll
Park from Peter Kerr, for 1300. 1 hey
have' since erected a modern six-room
home on the property.
Sold for Ben Riesland to S. Steve and
Florence Gilbert, lot 7. in block 1,
Buckingham Heights, with a large mod
ern California bungalow. It is a beau
tiful home, done in wood paneling, with
a large inside fireplace. The property
was purchased for $2500.
Sold for J. B. Brown, to Fred D. and
Florence H. Armstrong, lot 4, In block
1, Hillvalle Tract, for $425. They are
landscaping this property in connec
tion with their pretty home adjacent.
Sold for Ben Riesland a 44-acre farm
near Newberg, to Herman Stark and
Anna Stark, of Multnomah. They
traded in the north 62 feet of lots 7 and
8 in block 1, Home Addition, with a
modern four-room bungalow at a price
of $1900. The farm sold at $3300.
Sold for Ben Riesland, to C. B. and
Helen Lynch, lot 10. in block 5, Buck
ingham, with a modern three-room
bungalow, for $1400.
Sold for Ben Riesland, lot 5, in block
1, Buckingham, with a modern five-room
bungalow, to C. E. Niederer, for $1800.
Sold for Ben Riesland. lot 12, block 8.
in Alder Springs, with a three-room
modern bungalow, to J. L. and Grace
Ryan, for $800.
The Western Securities Con(ny Is
also erecting a modern live-room cot-
- , o i hinnl A WIlHwftnd.
tage on i" l J - " "
J. S. Shields is the contractor.
A great aeai oi uuhuhib e--pect
in this district. The hard-surfacing
of the Slavin road, which runs
through the heart of Multnomah, will
have a tenaency to aumuitiio .
activity. The Multnomah Commercial
Club has taken a great interest in this
matter and is circulating petitions to
get the project on tne pauot.
ALAMEDA PARK SATES MADE
Several New Residences lleported
Under Construction.
Johan Poulsen, of the Inman-Poul-sen
Lumber Company, has purchased
for cash lots 4, 5, 6. 7 and 8. block 13.
view property on Alameda drive, and
Homblet avenue, on which his home
will be erected in the near future.
A. J. Bale, of the Pacific Coast Bis
cuit Company, purchased for cash lot
1. block 1 5. on Alamfrta drive and
BUILDERS' SUPPLIES and
HOME SUGGESTIONS
Rector System
A Perfect House-Heating System
Economical to Operate
Portland Gas and Coke Co.
We Have
for exchange or sale farms, all
sizes; city improved or unimproved,
business and residential sites rare
bargains FOR EVERY BODY.
THE FKEIJ A. JACOBS CO.,
209 Washington Street.
SHOPE BRICK CO.
803 EAST MORRISON
Phone East 1K35.
Will build you a beautiful brick
bouse at the price of wood con
struction. Fireplace work a specialty.
Four and three-tenths left estate of
$300 to $1000.
Five and three-tenths left estates
of $1000 to $5)00.
One and elRht-tenths left estates of
$5000 to $10,000.
One and eight-tenths left estates of
$10,000 to $J5.000.
One and live-tenths left estates of
more than $25,000.
For New York City it appear from
these statistics only 8.8 per cent of
the grownups managed to accumulate a
surplus in excess of $1000, and only
3H per cent accumulated more than
$10,000. Probably the per cent of men
with families who fall into the $1000
class Is not above 15 about one to
even.
How few count the cost before en
tering into a business venture Is shown
again bv the records furnished by
Bradstreets. Of the failures in the
past two years, 69 per cent were
caused by Jneonipetencc. Inexperience,
lack of capital and specific conditions,
the latter element Includes strange and
unexpected happenings, such as dis
asters, panics, fires and floods.
Unwise credits, failures of others,
competition and fraud are also factor
to be considered in every business un
dertaking, and a sufficient margin la
seldom allowed to offset the effect pro
duced by them.
Insurance Called Only Safe Way.
There is no safer, surer and easier
way to create an estate and retain it
to the end of life than that afforded
through the medium of life Insurance.
Some men attempt to argue that they
can invest their money more profit
ably than by putting it into Insurance,
but the records of Duns and Brad
streets Commercial Agencies prove that
97 per cent of the men could not
truthfully make such a claim, for In
the final anal; sis only three In 100
maintain their Independence to the
end.
The possession of an estate increases
the self-respect of any man and makes
him a better citixcn, and that younit
man of 65 or 70 who began In his
teens to put the equivalent of only
five cents a day. or 1.8 pt r rent per
year of the face value of policy, into
a fund, to provide comforts for the .
time when his Income might shrink,
or even cease, gradually liu reaing his
deposits so that by the time he is 35
years of age. lie has raised them to
70 cents a day. or about two and one
half per rent a year, will have an es
tate of $10,000 or more cash; either
saved out of the wreck of his ventures,
or in addition to the fortune he has
made.
How many estate are left encum
bered with debt? A large per cent hud of
the people who aro inukliig anxious
efforts to succeed In the few years
given them to engage In active busi
ness life, do not hesitate to hypothe
cate their mist sacred possessions for
the purpose of realizing the necessary
funds to contiiue the strtii,Kle.
East Twenty-fourth strict. Kxcava
tion is being made for his residence.
L. L. Hlce. attorney. h:i Just com
pleted the purchase of lot 17. block I.
on East Twenty-fifth street, near Tre
mont street. His new bungalow will
be ready for occu"nncy by April 1.
A new residence is under construc
tion on lot 4, block 19, on Lombard
avenue; also one on euch of lots 10
and 11. block 25. on Regents drive: on
lot 1. block 40, on East Twenty-sixth
and Skldmore streets, and on lot 14, on
East Twenty-seventh street, and lot 7.
on East Twenty-eighth street, both In
block 4.
Church Repairs Are Ilrlns; Mle.
The Linncrmnn Methodist Episcopal
Church building, at Greshum, Is being
repaired generally. A now CBrpet has
been laid and the walls have been re
timed. The tinting was done under
the auspices of the men of the church,
while the Women's Aid Society fur
nished the new carpet.
Extensive improvements have been
made in tne Greshnni Grange Hall. To
provide more room the stage hus been
moved from the main room. At Gresh
am the one-story brick of E. C. Os
burn, costing $5000, has been com
pleted, the first to go up in the burnt
district.
Diteclorj of Prominent
Life Insurance Agenciet
Members of Life Underwriter
Association of Oregon
Wm. Uuliiman. Iluiillr,
liA.NUAl 1 A.N Lli-U
Orguuian -Bldir
11 J. CoHou, Hiiugr.
MASSACHUSETTS MO'l'UAU LirS.
Chamber ot Comiwif Bids.
. L Harmuo, Manager,
I'li.N.N MU'lLAL Lit H,
Northwestern Bank Bld.
Borate MeLklem, Manager,
NSW CNULAM) MUTUAL, LlfK,
Northwealern Bank Bius.
Alma L. Kuta, Manager,
MUTUAL Hi t: l.NSUHANCa, CO. OF H. T.
Corbett Bidg.
O. M. Slocum, Mgr.
RELIANCE LIKE INS. CO.. Plttlburf, Fe,
206 Morgan bidg.. 1'ortlana. Or.
b T EockVood. VUc-i'iea. and Oftt. Mgr.
COLUMBIA Llt'li At TKUST CO.
bpalduig Bliig!
Peltla-Ciroseinayer Co.. General Agellg,
IHK TKAVlil.BKS I.N a. CO.
3ii:l-ai0 Wilcox Bidg.
John l'uuer. Manager,
PRUDENTIAL l.NS. CO uf AMERICA.
Koththlid Bidg.
E. W. Ameebury, Manager,
NORTHWKSTKKN MUTUAL, 1.1 Kg 1KB. CO.
AMERICAN CK.NTKAL. LIKli INS. CO.
ooa Uekum Bidg.
MORTGAGE
aht amouhi at ojiwmi mh
SUPERIOR SERVICE
15 EST QUALITY
M. L. KLINE
Wholesaler, Faultless I'lnmblnB mat
HratlDK Mntrrlsl.
84-S6-M7-N0 FKO.Vr KTRKKT
There Is a Good Paint House
in Portland
TIMMS, CRESS & CO.
184 Second Street
M. J. Walsh Co.
1.IUHTIVM FlXTl'HES.
Kf.KCTH ir 4 1, roTnniw
A1X Kl.NOS.
Sit STARK ST.
BOTH PHONES.
LOANS