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About The Sunday Oregonian. (Portland, Ore.) 1881-current | View Entire Issue (Nov. 5, 1916)
THE SUNDAY' OTJEOOXTAX. PORTLAND, NOVEMBER 3, 191 G.
DEAL IN TIBER IS
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
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
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
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-
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
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
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
Following "are the officers of this
new enterprise: Guy R. Porter, of Por
ter Brothers; J. E. Nelson and John
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
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
Design Prepared by Whltehouse
. . - . .
T - So1 -dE
MANY ITEMS ENTER
Character of Community One
of Chief Factors to Be
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
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
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
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
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
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
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.
- - i.. mid
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 '
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
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
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
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
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
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
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
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
surplus has also been increased,
ueuinnstrating that its dividends are
comfortably within its earning
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
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
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
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
"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.
'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.
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
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.
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.
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
J.C. ENGLISH CO.
Ma- r w I eaetwjr aa Ceuaner.
There Is a Good Paint House
TIMMS, CRESS & CO.
14 .CO.M kiutm.