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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Nov. 5, 1916)
12 THE SUNDAY' OTJEOOXTAX. PORTLAND, NOVEMBER 3, 191 G. DEAL IN TIBER IS MADE AT Tillamook, Lane and Washing ton County Lands Taken Over in Transaction. $25,000 BINDS PURCHASE Sale Ttcsults From Judgment in 1'ederal Court on Suit Brought Against Logging Company for Furcbase by Bondholders. The big- realty deal of the past week was closed at Tillamook, where John P. Oleson, assistant cashier of the First TCational Bank of Chicago, sent a check for 25,000 to bind the sale of $1,000, 000 worth of timber lands in Tillamook, Lane and Washington counties. The transaction was handled through Wal lace McCamant. a Portland attorney, as master or chancery. The sale resulted from a. judgment pronounced in the Federal Court in Portland last July on a. suit brought against the Tillamook Timber & Logging Company. Under the terms of the judgment, the timber lands were to be opened for public sale with the provision that any of the complainants or those holding the bonds might become out-and-out purchasers. Medical School Plana Advanced. The campaign launched some time ago to raise funds for the establishment of a set of medical buildings on the .. site above Terwilliger boulevard, do nated to the University of Oregon med ical department by the O.-W. R. & N. Company, is progressing favorably, ac cording to Ir. K. A. J. AIcKenzie, head of the school, who has charge of the campaign. The site Is to be cleared in the near future to prepare the ground for grading operations. Before the end of the year Dr. Mc Kenzie hopes to have the proposed fund of $150,000 completed. The plans for the building are being prepared by Whltehouse & Fouilhoux. In addition to the medical school buildings and laboratories, the proposed new County Hospital building and other hospital structures also may be erected on the property, making it a hospital center. Apartment Building Planned. Mrs. Fred C. King has commissioned Goodrich & Goodrich, Portland archi tects, to prepare plans and specifica tions for ii two-story apartment-house on Grant street and Broadway, to cost about $15,000. The excavation has been started. The plans call for a building containing eight three-room suites, one two-room and one four-room suite. Stucco and tile materials are to be used in building the exterior. The founda tion is DO by 64 feet in area. School Mat tern Pend. The trend of sentiment at the School Board meeting last Thursday indicates that no money will be set aside this year to finance the construction of the proposed addition to the Franklin High School. The Board has decided to ap propriate $22,500 to build a building and purchase grounds in the Malone Heights district. Thus far the requests of the residents of the Chapman dis trict have not won their point before the Board. Bend to et f'R.OOO Hospital. Announcement was made at Bend last week that the Sisters of Charity of Nazareth. Catholic organization, have decided to establish a hospital, convent Knd 'nurses' home at a total cost of probably $75,000. Construction is to commence in the Spring, with the hope of having the buildings completed by "the following Fall. A block of land rear the heart of the city has been purchased as a site for the proposed buildings. Floor Mill Extend.- "As a result of the completion of the new 1000-barrel-a-day unit, the Port land Flouring Mills on January 1 will liecomo ihe second largest flour mill on the Pacific Coast. When the new ttnlt is finished and in operation the plant will produce 40u barrels of flour ft day, according to estimates. Work is well advanced on the new addition. Stark-Street Store Leased. The store at 207209 Stark street, also facing Front street, was leased last week by J. J. Phekter, president of the Beaver Produce Company, who will open for business in the quarters this week under the name of the Columbia Commission Company. The Beaver 7'roduce Company will remain in .busi ness under the same ownership. The store was leased from Fred F. Williams. Courthouse Hid Opened. The lowest bid among the eight sub mitted at Grants Pass last week for the contract award on the new Jose-: T'hine County Courthouse was entered by the Hound Construction Company, the figure being $76,443. The plans for the structure were prepared by E. K. JlcClaian, a Portland architect. SO.OOO Repair Job Started. A building permit was issued last week authorizing alterations in the old Woolworth store at 131-133 Fourth street to fit the premises for the ulti mate occupancy of the Southern Pa cific ticket office and depot. The per mit was taken out by J. B. Teon, who holds a lease on the building by reason of the big three-cornered lease deal nearly a year ago, which involved the switch of the Woolworth and Rosen blatt stores. The contract for the alter ations has been awarded to the Horn -Sandstrom Company at a figure a trifle less than $20,000. The same company is completing alterations to the Union De pot ticket office at a cost of about $5000. Plans for both jobs were pre pared by the company engineers. f.'OOO Garaite Commenced. Daniel Kern obtained a building per mit last week for the erection of a $5000 garage building at 6 Grand ave nue, to be occupied, when completed, by the automobile firm of Begner & Fields, retail agents for the Ford car. The construction work is in charge of James L. Quinn and the estimated cost Of the building is $5000. Ship Warn to Coat 920.0OO. Pursuant to plans drawn by the com pany officials, construction work has been launched on five ship ways to be erected at the foot of Gibbs and Woods streets by the Heath Shipbuilding Com pany. The permits covering- the work issued at the City Hall last week, recite $20,000 as the probable cost. The Columbia Shipbuilding Corpora tion last week, obtained official per mission to erect a two-story office building at the foot of Arthur street at a cost ol about $2500. -The plans and the construction will be handled by the Northwest Steel Company. The Columbia Kngineering Works also took out a permit for the con struction of a one-story frame ship-way-shed near the plant of the Clark Wilson Lumber Company a.t Linnton It will cost about $2000. Seven Small Homes Started. Pursuant to the Instructions of Sarah J. Helsa, L. K. Fields has commenced Vie erection of a $3000 residence at 995 'Kast Hoyt street. Laurelhurst, which lie himself planned. From plans drawn by A.- H. Faber, a $3000 residence has been commenced at 871 Patton avenue, in Overlook, Addition, lor L. F. Gar- MILLION retsnn. Chariest C: RtAVPni has fnm I menced the erection. of a $100 bungalow at 736 Kllis street, in Hyland Park. A $2000 .residence is being erected by George W. Betts at 579 Crampton etreet, in Collinge Addition, for A. M. Cham berlain. H. Pederson has commissioned E. L. Largey to build a $2000 residence at 762 Kast Seventieth street North. S. Synnes is in charge of the construction work on the $1275 residence being built on the property of J. W. Roands at 989 Cleveland avenue, in Highland Addi tion. ItEALTl' BOAItDS TO AFFILIATE President Taylor Says Interstate Body Will Be Joined. F. E. Taylor, president of the Inter state Realty Association of the North west, announced at last Friday's meet ing of the Portland board that all of the realty boards of the State of Wash ington except the Everett board had decided to affiliate with the Interstate body. He said a meeting of the ex ecutive committee of the association would be held in Portland soon and that probably 12 or 15 realty men from Washington and Idaho would be pres ent. Mr. Taylor's notification of -the action on the part of the Washington organi zations came from Samuel Collyer, of Seattle. Bullrilnsr Plana Advance. John V. Rennea has virtually com- pleted plans for the proposed rein-I Manager Selling Department Ladd E forced. concrete store building that Is tate Company. (Portion of address NEW PORTLAND COMPANY IS Former Home of United States to rise on the southwest corner of Park and Morrison streets for Hexter Strauss. It i understood that the new building will be three stories and basement, with stores on the ground floor. The estimated cost is not an nounced. KENTON FACTORY TAKEN MACARONI COMPANY LEASES 4O,0OO BCII.DING. Automobile Truck; Assembling Asso ciation Looking for Quartern. Other Concerns Located. The factory building at Kenton, until recently occupied by the United States Cashier Company, has been leased to the Portland Macaroni Manufacturing Company. Following "are the officers of this new enterprise: Guy R. Porter, of Por ter Brothers; J. E. Nelson and John Scapelli. The company already has $6030 worth of macaroni manufacturing machinery in Portland which recently arrived from the EasC and they intend open ing their plant on or before Decem ber 1, employing at the start 25 men. The factory building just leased Is one of the most modern vacant factory buildings in Portland, and was con sidered by the new occupants as being admirably adapted to the manufacture or handling of macaroni. This factory property is more fully described as fol lows: The land upon which tho building stands is approximately 200 by 2W fet and faces Columbia- boulevard on the north and ArKy.e street on the south. There is a switch track connecting to the main lineof the O.-W. R. .fc X. Company serving the factory. The main bulldlnff on the property is 4. by lto feet, two stories and of reinforced , concrete construction.. There is a one-story wing of the same construction 45 by TO feet, and a small wins of reinforced concrete for black smith shop, a detached carpenter shop 30 by 4U feet, and a heatlns plant is houaed in a small individual concrete building 0 by UO feel. In addition to these permanent im provements there are several detached frame storage buildings, used as store rooms for oil, paint and other inflammable material. The entire property is valued at $40. 000, and is owned by S. M. Mears. of the Portland Cordage Company. The lease was handled for both parties by Stan ley 5. Thompson Company. Another new Portland industry en gaged in the assembling of automobile trucks, was negotiating for ths prop erty through Mr. Thompson, and is now looking for other quarters. The officers of the company say they expect to employ at least 50 men in the near future. Mr. Thompson reports that he has succeeded in locating quite a number of manufacturing organizations in Port land during the past two years includ ing Lambert Muitiplus Tire Company, V. A. Breck Loganberry Juice Company, Western Fluff Rug Company. Brown Hat & Cap Works. Portland Soap Prod ucts Company, Utility Garment Com pany, Blakeslee Sanitary Top Company, J. M. Wesley Mattress Manufacturing Company. California Honey Company. METHODISTS OF ASTORIA VU i mmm. Design Prepared by Whltehouse . . - . . : i J'K1 V T -IJ T - So1 -dE MANY ITEMS ENTER INTO HOMEBUILDING Character of Community One of Chief Factors to Be Considered. SCHOOLS ARE . IMPORTANT Church Iiife and Club Activities Held Effective Forces In Construe- . tion of House Care in Plan ning Is 'Urged. Br WILLIAM II. LEWIS. TO MAKE MACARONI IN FACTORY BUILDING JUST LEASED, j Cashier Company at Kenton. Which la to delivered at Central Library last Monday night.) If a man is going to make his home In a community he wants to know the character of that community llestr.c tions in the deed are important as reg ulating the size of house and shutting out objectionable people or oco-ipants. But care t-hould be taken to a.-i3.inre toe lvtality of the restrictions snd thnt they are for a sufficient period, so that the character of the community may becor.ic fixed. They ehould be neither so hih as to prevent the property from beint; built up nor so low as to let in a oheip grade of houses. They should in every "case shut out apartment-nouses. While restriction as to the cost of the house does not guarantee the tone of the community, yet both the cost of the house and the cost of the lot are influences in maintaining a good standard of building. PlaMttoundn Are Ilesirahle. The purchaser will want to consider carefully the school question; the character of the school; its accessibil ity to the site of his home, ard the type of children attending the school. He will want to see that there are suf ficient playgrounds in connection wit1 the school, or In connection with parks in the vicinity, so that his children ari assured ot places for recreation This does not mean simple playgrounds with the ordinary apparatus alone, but should include provisions for ths boy to play baseball, football, etc., and should provide grounds for the devel opment of tennis and other sports. Community clubs such as those in Irvlngton, Laurelhurst and other sec tions of the city do more to maintain a high community tone and are of more value to the community than can be estimated. The same is true of churches. Where in .some districts several denomina tions have gone in and started strug gling churches, so that no one of them can pronerly. provMe for the needs of the community, the church has per haps made very little contribution to the community life. Architect Sbonld Be Employrd. But there seems a disposition now on the part of the leading denomina tions to tinite in the community churches and let each take a certain section and fully provide for its needs. If this is done such a church can be a distinctive and effective moral and so cial force in any community. When it comes to the building of the house it is much harder for a layman to speak. Dealing with the selection of a site for a home does not require expert education, but building does. My knowledge of architecture is about like that of the Irishman who was asked In a civil service examination how Jie would make a Venetian blind, and he replied: "By driving a screw driver Into his eye." As the building of a house requires an expert, my first advice is to employ an architect, and a good one. In fact, in tho building of a home there are three personalities the owner, the ar chitect and the builder. Each is an important factor and should thorough ly do his own part, but no more. Praper Plannlnic I'rged. Many owners consider the architect's fee a waste of expense; they know ORDER JNEW CHURCH BUILDING A Fonilhoux. Portland Architects, for Edifice Now I'ndrr Course of Con struction at Astoria. what they want and can draw very clearly on a sheet of paper the ar rangement of the rooms, the location of hallways, stairways, windows, doors, etc., and can pointout to a builder the kind of exterior they want. Why, then, employ an architect, who will inter fere with their getting what they want? But the paying of a fee to a good architect is the best money spent in building a house. It is not alone the benefit of his artistic taste though that is exceedingly Important in build ing a house that is to be your home for many years, but in the actual dollars and cents he will save you much more than his -fee drawing specifications ou which a contractor can intelligently build, in avoiding changes and altera tions during construction, and In the inspection of the work his technical knowledge will often detect poor work manship or inferior materials. MONMOUTH FARM IS SOLD Tract or J60Acres Brings $2 3,30 O From South Dakota Settler. , DALLAS. Or.. Nov. 4. (Special.) Indications that times are picking up come from Monmouth in the news of a $23,500 realty deal consummated re cently. R. G. Simon sold his 160-acre farm, four miles south of Monmouth, to a Mr. Hansen, of South Dakota, for a cash consideration of $17,500 and 60 acres two miles out of Forest Grove. The Simon farm is valued at $100. an acre. Mr. and Mrs. Simon have moved Be Occupied by Portland Mca- to Forest Grove, and Mr. and Mrs. Hansen have taken possession of the Simon place. " Mr. Simon found it necessary to soli his place in order to get on a smaller, farm, the work on which would not tax him too severely. Kleven w Ilrsidencea Started. Permits were - issued last week for the construction of 11 new residences in various parts of Portland, none of which is to cost in excess of $u000. Harry J. Strowbridge has commissioned the Mautz Building Company to erect a $5000 residence for him at 675 Patton road in Georgian Court; Thomas Vigars is erecting a $4000 residence for M. A. Black at 1169 East Oak street, in Lau relhurst; a new residence to cost about $3750 is being erected for Mrs. K. U. Amos at 260 Ilazelfern place, Laurel hurst; S O. Brown has commissioned A. J. Moates to erect a $'2000 residence for him at 1359 East Eighteenth street, in Westmoreland; Walter G. Moore is building a $-000 residence at 151$ Grand avenue, in the Ainsworth tract, for G. G. Leet. Jr.; H. A. Williams is building a $1300 dwelling at 735 Lex ington street in Crystal Springs; the Clark-Wilson Lumber Companv ob tained oflicial permission last week to erect five one-story residences along Third. Fourth and B streets In Clark Terrace Addition to the suburb of Linn ton. Each of the five dwellings is to cost about $1000. Ashland Illoc-k Sold. ASHLAND, Or.. Xov. i. (Special.) The Potter block has been sold by Sam Potter to Mrs. Belle Butcher, of Gazley, Or. It is a concrete structure, 60x100 feet, with storerooms on the first floor and 20 separate apartments In the up per story, used for rooming purposes. The new proprietor is in possession. The building is the largest of its kind in the city. ft.000 Sale Reported The one-story brick building located at 189 Front street, between Taylor and Yamhill streets, has been sold by the Joseph A. Strowbridge estate to J. Lcve. a Junk dealer, at a considera tion of $5000. The property was ac quired by the Strowbridge estate in 1S65. Ontralia Xortli Road Closed. CENT R ALIA. Wash.. Nov. 4. (Spe cial.) Following heavy rains this week, .the road along the new pave ment leading north from Centralia has become impassable, owing to water filling the holes left by the contrac tors. In order to avoid accidents. County Commissioner ' Somerville yes terday ordered the road closed until the new paving is hardened enough for traffic. Roscburg-Coos Road Aided. ROSEEURG' Or., Xov. 4. (Special.) County Judge Marsters, who returned from Salem today, announced that the $5000 appropriation asked to aid the Camaa Valley residents in rebuilding a part of the Roseburg-Coos Bay high way had been granted. Judge Marster? was assisted in presenting his request to the State Highway Commission by Blnger Hermann, former Commis sioner of the General Land Office. TO COST ABOUT $20. 3"""" TT'-, - - i.. mid 000. I VALUES ARE SHOWN Comparative Factors in Class es of Land Given. FOUR POINTS PREDOMINATE Location, Utility, Size and Snape Constitute Main Features In Determining Values of ' Urban Property. BT HENRY E. EEED, Assessor of Multnomah County. The four cardinal factors in deter mining land values, which are general ly recognized by authorities, are loca tion, utility, size and shape. Location includea access, for without it prop erty would not have any value. Theoretically the most valuable lot In any city is the one that Is access! ble to the greatest number of people; that is. In the center, of population But the center of population might be in a district inhabited by people of small means and low purchasing pow er and the effect upon values would be small. Such is the case in Balti more. Therefore location and access can not be considered alone, but must be tied to an allied factor utility. As has already been said, the general rule is that the highest valued land, or the land of the highest utility, in any American city except New York, is that used for retail business. Accessibility Big Factor. From these considerations have been drawn the rule that the most valuable land in a city is that land so located as to be accessible to the greatest number of people of the highest eco nomic quality. Mere numbers of peo ple passing a location will not give It value. The passerB-v must have the purchasing power and must buy goods. Counts of passers-by are made in a number of cities, including Portland. While these are not an absolute meas ure, of relative land values, they at least furnish an approximate guide andnre the best criterion known. A traffic count nude in Portland for a 12-hotir period last Spring showed the following results for five of the prin cipal street intersections: Sixth and Washington. 60,940. Broadway and Washington. 57,537. Fifth and Morrison, 56,537. Fifth and Washington, 55,270. Broadway and Washington. 57.606. It is at these points that will be found the highest values in Portland. Third and Washington streets, which less than 10 years ago was the center of the retail business of Portland, now reports a little more than half the pedestrinn traffic of ilxtli and Wash ington streets. size and Mi ape Important. Next In order after location and utility as factors come the size and the shape of the land.. They are different questions, but are so closely related that they may be treated as one. Thirty of 35 years ago, when there were few buildings in the United states higher than four stories, little thought was given to this subject. In these days of high buildings and large stores the size and shape of the lot are important. The point at Issue is that the mast valuable piece of ground in a city may be too small in size or too irregular - and jascged in outline for the hiehest utility of Its zone and thus business would he com pelled to move furtUer away. To illus trate: A utility might require 100x100 feet In area at a certain corner, but would be able to obtain only 50x100 feet. In ATTORNEY TO IKCrrRR OX SAirEUlMBDlXG rROPEKTY." A. L. Veasle. The fifth lecture of the series being conducted at the Central Library on Monday evenings by the Reed College extension de partment In conjunction with the Portland Realty Board will be delivered "tomorrow night at 8 o'clock by A. L Veazie, a promi nent attorney of this city. Mr. Veazie's subject will be "Safeguarding Property," and he will endeavor to explain adequate title, abstracts, Torren's act. reg istered title, liens, certificates of ttile, party walls, tax delinquen cies, escrows, mortgages, the le gal end of property ownership, the relations between the broker and the owner and between the tenant and the broker. this case the utility would move on to the location where it could get the de sired area and the small site would lose In competition with the larger one. Frontage already has been discussed Willi respect to its bearinK upon land used for retailing and other purposes. In general importance it ranks after location, utility, size and shape as a factor. Its value to the retailer for advertising purposes and for light and air is prime. Air and liirht the retailer Your Share of This sum has been set aside for ensh payment in dividends to POLICY-HOLDERS this .year. Not one cent will go to stock holders, because there are none the National Life of Vermont is owned by its policy-holders. All the profits are used to reduce the cost of insurance. That the National Is conducted on a safe and profitable basis is shown by the fact that five times during the last eight years the divi dend scale has been increased. And In each year the general H ' - it H 1 i U j"?r&" ) it r . - Jul if f . ' I I , i ? r i ' fan iiaamwll linrft rn mr' inf"nisiaii ViijujLJ Men and Women of Good Character Wanted to Art as Agents. WM. GOLDMAN, General Manager sSOO-210 OILEGO.MAS BLDG. BANKRUPTCY OFTEN AVOIDED BY ABILITY TO GET CREDIT Attempting to Bolster Up Firm's Finances at Eleventh Hour Not Depend able and Value of Insurance as Aid With Banker Is Asserted. BY LIFE lXSL'RAXCE EDITOR. BRADSTREETS report shows that 30 per cent of the failures In the United States amon co-pa.tner-ships are due to death for which no money provision has been made. "Bankers have been slow to insist upon corporations protecting credit with life Insurance upon the lives of Important officers," declares a West ern financial publication. "The Shev Hn case should cause bankers to de mand that a proper amount of business insurance be carried on the lives around whom corporation credit is built." But why should corporations wait until the local banker demands busi ness Insurance protection for tho risk before a loan can be negotiated? It must be remembered tha more than 100.000 Individuals who applied for life insurance last year were re jected by the medical examiner. The percentage of rejections is said to be about 11 per cent on solicited risks. Where life insurance protection is solicited by the applicant, tho percent age of rejections is declared to be greatly In excess of these figures. And tho majority of corporation insurance is solicited by the applicant when he understands that this protection, at the banker's request, is n-ccssary to secure a loan. Therefore, the corporation which may obtain from sources other than the main thoroughfare, but the adver tising resulting from the display of goods can come only from the thoroughfare. Without show windows the retailer cannot hope to prosper. Plottage Minor Consideration. Plottage is a minor factor of value. It is not frequently met with, but is likely to arise in connection with any class of land. Land 'is said to have plottage when, by reason of its size, whether one lot or a whole block, it Is available for the highest utility of Its zone. For example: If a certain utility required a block of land in the retail district, and if the block were obtainable. It would have plottage. The percentage to be added for plottage would vary according to circumstances. Jf the block can be readily acquired and with no increase In price over the value of the several lots, the plottage would be slight. On the other hand, the plottage might represent the holdup cost of obtaining the last lot necessary to bring the block under one ownership. In general, the amount to be added for plottage depends upon the need of a large area of ground for a suits ble development and the cost of ac quiring and consolidstlna the several lots or tracts constituting the plot. Alleys are valuable to nil forms of business property, hut of little benefit to residence property, e.-pecially in suburban districts.- As a general proposition a lot abutting upon an al ley is more valunble than a lot that does not. The principal merit of al leys consists of access, ltcht and air. Access is tiie most important, in that it permits the loading and unloading: of goods in the rear of the store, ware house or factory, instead of littering the sidewalk in front. Impeding the traffic on the street and interfering with the free movement of customers In and out of the establishment. Portland Lacks Alios. Portland has no alleys, except in a few suburban districts, where they are least needed, and the question seldom arises here as a factor in determining land values. That the- city should have been provided with them when it was originally planned is evidenced by the very general use of main streets, even in the congested district, lor load ing purposes. , treet grades and foundation soil are minor factors of value which must he taken into consideration. So. also. are retlected value, or absorption of value by proximity to centers, trans portation, the action of the sun, fhe character of business done in business districts, social atmosphere in resi dence neighborhoods as well as in apartment-houses and office huildinHi., and thorouehfare conditions. The com parative weight of these minor factors must be left to the judgment of the appraiser when he is considering and weighing the major factors. CITY'S GROWTH SHOWN nR.ll.TV MAX KM MEIl ATKS III SI. .m;ss ;aixs ix vkaii. Portland Is t.ovd Town and trttlnsr Detter.1 Sa?a A. C t'allan, Who Cites Several Developments. 'Portland is a good town and is get ting better." said A. C. Caltan in his speech before the Realty Board Friday. Why, we had more building projects In the first nine months of this year than all of last year. We are building a new $1,000,000 postoffice. the First National Bank Is completing a $1.000.no0 home, $500,000 is being spent by the United States National Bank for a new building, new buildings are under con struction on Broadway, Park and Alder, also Park and Morrison. The week of October S our banks had the largest gain In clearances ror any one week and are still growing. "We are the leading city in lumber production, also second In the Cnited States in furniture manufacturing, ami stand third as a manufacturing . enter of furniture In the world. We havo the largest woolen mill west of Cleveland. We are the leading livestock center of the Pacific Coast, and we are destin.-d to be one of the largest marketing points for the distribution in the West. Wool llnsinens throws. This past season there was brought into Portland nearly 6.000.000 pounds of wool, and next year we will handle more than 10.000.000 pounds. We have more miles of paved streets tli;-n any other city west of Chicaco: we hae a superb ciimate; the best water ti ine country; and have just complete! the Columbia River Highway, that is con ceded by everyone to be the greatest highway in the world, both as lo engi neering accomplishments and scen'ory. "We are supported by a stale whose crop production this year, according to $1,446,385.81 surplus has also been increased, ueuinnstrating that its dividends are comfortably within its earning power. This remarkable showing Is the direct result of the National's policy of "safety first" in the acceptance of risks and the selection of invest ments. The interest earned on in vestments In 1913 averaged i.ll7- An Investigation of the National Life of Vermont will convince you that this old-established company offers the safest insurance that the same money can buy anywhere. does not apply for this protection of its credit until remanded by the bank er stands about one chance in eight of having the application rejected. Also the consummation of a business Insur ance transaction is always subject to a certain amount of delay. It often happens that a corporation or firm needs money in a hurry to remedy some unexpected contingency. Where the company carrl- s business insurance a 3o-mlnute session, or even less, with the banker will generally produce the amount requl cd. On the other hand, if the banker demands the amount of the loan to be protected with life Insurance there is a delay of possibly from ten Cays to two weeks, which often results dis astrously. When a corporation or partnership once protects it credit on the ordinary life plan by insuring the Uvea of tho men upon whom the itnrceBa of the business depends, it is protected for all time to come and against all unfore seen contingencies. Hut when a "quick" loan Is needcl and is temporarily refused owing to the lack of credit protection, either failure or great financial loss is the usual result. Therefore, it behooves tho conservative business man to havo his credit fabric in order when tho storm breaks. Business Insurance protection has been declared the silent partner ir business, and it Is as necessary to small firms as large ones. Government reports, will be 106.5 per cent. Just for illustration: Doughis County alone. Is shipping ST-00.000 wort a of prunes: there are i'000 acres in lo Banberries In this state which will pro duce i.400.000 gallons of loganberry Juice. We are going to have a steel mill with a payroll of at least 0(i0 a week. The surveyors have been on the ground this week. uaar Factory Finlahed. A new sugar factory Is about fin ished at Orants Pass that cost $500,000. and the new cement plant at Gold Hill cost J600.0U0. "A new railroad has been built to Coos Bay and a line is under considera tion between Grants Pass and Crescent City. Our mine this year will bring us J5.000.000. Orants Pass is shipping over $500,000 worth of chrome ore. Wo have $15,000,000 worth of contracts for ships on the Columbia River. 26 of them I lo be built in Portland costing II 000. ' 000. 'Hetroit has her automobiles. Port land is going to have her ships. We aro going to build community ships and every man. woman and child will own a share. Every fhip will add payrolls to our logcrinir enmps. steamboats, saw mills, shipyards and longshoremen. We will put the Port into Portland." GRAIN CHECK IS $65,472 Kix-oril Garfield County Payment IScrelvetl by Smith Hrotlicrs. I'OSIKr.OV, Wash.. Xov. 4. (Special.) What is said to have been the larg est check ever made for wheat in a transfer from grower to buyer in Gar field County was written by K. M. Rob inson, of Portland, last Saturday, when he. paid H. 1 1. Smith and J. O. Smith for their crop. The amount of the check was $66. 571'. 15. Ponieroy Hank Irosils Growing. POM E ROY, Wash.. Nov. i. (Special.) The aggregate of tho deposits in the Pomeroy banks at the cloe of business Tuesday evening of this week was $1". 133. 517. 10. Never before in the his tory of the town have bank deposits grow n so rapidly as this year, the bank officials say. Directory of Prominent Life Insurance A fancies Members of Life Underwriters Association of Oregon Wm. Uoldoiso. General Manager. .A11U.AL JuiFk. UK Vt.KatO.ST. UttKuauo iildg. H. CI. Ct:tou, Manager. MASSACI1 L SLTIS ML1LA1. L.IFaV Uii'nlier of Commerce iilds. JC 1- tisrmoa. Manager. t.N MUTUAL Ut r; Niirthwtiicrn iiauk iiiUg Horace Mecklem. Manager. NEW KMiUNU MUTUAL. L,tFflL North wtilerp iisiik iildc. Q. M. yiocum. IJfr.. RELIANCE I.IKB INS. CO.. llttsbnra. 2) Morgan Bios- Portland Or. 8. p. Lockwo-vd. Vlce-fres. snd Oo. Ma-. COLL'Ml'.IA Lir'K c TKUST CO, l1!- tetens lHUff. PeUla-'-ttvasuiar Co.. Unrel Agesta, 3' HIS lUAHl.tR" INS. CU. 30S-U1O v ilex Ulds. E. V. Ameaoury. Manager. XORTUW L THKN MUTUAL Llr INS. CO. Northwestern Bank bids'. Judd Lowrey. Supt.. AMERICAN l ENTUAL LlfU INS. CO, 719 Iekum Bldg. John i'auer. tiuptriuteDUeDt. THE PKUHKNTIAL INiSL KA.NCB CO, U1 Northweatern Bain Bids. T. H. McAllia, fclate Mgr. UNION MUTUAL L1KK INa. OCX, Board ot Trade Bldg. Edgar VV . Smilu. Alaoager, EQDITALi.1. I. IKK AssUKAM i-. tSOCIETT. goa Oregonlsn Bldg. D C. Herrln. (ieneral Agt, COLUMBIAN NATL LI KB INS. CO. &.' Spalrim llldz. State Afembcr Portland Realty Board The following real estate men are the accredited members In their re spective cities of the Portland Real ty Hoard. None of these sought membership, but were selected after a canvass of the available men in their line. If you have a real estate transaction in any of these cities or wish information. rite them: Astoria Astoria Harbor Imp. Co. Head J. A. Kstes. Ilenpner Smcad & Crawford. llDnrhnrg W. A. Bogard. BUILDERS' SUPPLIES and HOME SUGGESTIONS J.C. ENGLISH CO. LIGHTING FIXTURES Ma- r w I eaetwjr aa Ceuaner. There Is a Good Paint House in Portland TIMMS, CRESS & CO. 14 .CO.M kiutm. A A t