X 10 THE SUNDAY OREGOXIAX, PORTLAND," JANUARY 14, 191 7. A REALTY ACTIVITY TAKES NEW LIFE REALTY PLAN PLANT FOR MANUFACTURE OF CLAY W&ICH WAS COMPLETED RECENTLY AT MOUTH OF COLUMBIA RIVER. WIDOWS' PENSION LAW COSTS NEW YORK $106,229 YEARLY Provision Made by State's Taxpayers for 1060 Widows and Their Descend ants Social Worker Makes Plea for Life Income Insurance Policies. FOR MEET 7 s J IN SUMMER Several Deals of Importance in Embryo Following Pe- . riod of Holiday Slack. $50,000 BLOCK ASSURED American Can Company Considering Large Plant, Iiasmussen & Co. Expect to Build Wareliousc, Motor Company Buys Site. After the usual lull of the holiday period the .local building and realty market jumped ahead with somewhat of a spurt last week, although several of the more important projects an nounced are even yet in the prelimi nary stage only. Fresh impetus was given last week to the prospect that the American Can Company will build a large plant in Portland; officials of Kasmussen & Co.. wholesale dealers in paints and oils, announced that they are considering plans for a large warehouse building on their block at East Eleventh and Irving streets: plans were ordered for the $50,000 building that 'is to rise on the southeast corner of Park and Alder streets for the occupancy of William Constantine; C. AV. Garland announced the sale of his property at Twenty eighth and Savier streets to a Detroit automobile concern which will probably not announce its identity for some time to come; preliminary plans for the pro posed Franklin High School auditorium were submitted to the municipal bu reau of buildings for preliminary checking. The most important definite realty sale involved the transfer of the 10 room stone residence and a full quar ter block of land at the southwest cor ner of Mallory and Ainsworth a-veaues, which was purchased from the Quack enbush Investment Company by Dr. O. W. Elliott, president of the Pacific Chiropractic College. The. sale was made through the realty firm of Mall & Von Borstel at a consideration un derstood to have been in the neighbor hood of $10,000. The residence was built about four years ago and has never been occupied. Big Plant May nine. The prospect that the American Can Company will soon build a large plant in Portland, was strengthened last week by the filing with city officials of preliminary plans for side tracks that would probably be required in case the proposed plant is erected, as seems likely. F. P. Kendall, district manager of the company, said on Thursday that if the executive Commit tee of the company in New York de cided to build a new plant in Portland they would probably order a plant sim ilar to the one in Seattle, which is a four-story concrete building covering land 120 bv 210 feet in ground area. Mr. Kendall said further that the de cision to build in Portland had not yet reached a definite stage, although such a plan had been considered informally for three years and has been discussed for about six months with officials of the Public Dock Commission, which must pass upon the project before it is launched officially. The matter, how ever, has not been presented formally to the Dock Commission, according to Charles B. Moores, chairman of that body. The company has land 323 by 400 feet in area at Fourteenth and Front streets where it is understood the pro posed new building would be erected. The present plant on that site employs nearly 400 men. tx-Sory Warehouse Planned. The proposed new plant of-Rasmus-sen-& Co. is to be erected along Sulli van's Guleh southwest from the East "welf th-street bridge and diagonally across from the site of the Benson Polytechnic School now under construc tion. Present plans call for a height of six stories on the gulch side and of two or three stories on the south side at the top of the slope. As yet the probable cost of the building has not been determined, according to J. P. Jtasmussen. head of the company, but it will probably not run as high as $100,000. he says. The building is to be of heavy mill construction with brick walls. A. H. Lamm, consulting engi ner, is in charge of the preliminary work. 950.00O Structure n Assured. The architectural firm of Sutton & Whitney was commissioned definitely last week to handle the plans for the two-story, basement and .mezzanine floor building that is to be erected on a full quarter block of land at the southeast corner of Park and Alder streets for the occupancy of William Constantine, prominent marketman. The property is owned by the Spalding Estate, of which Mrs. Charles Sitton is administratrix and George W. Staple ton attorney. The preliminary agreement of lease for the building was signed by Mr. Constantine some time ago, but there were certain temporary obstacles to the construction of the building which have since been removed. Because the estate is still in probate permission of the court was required, which has been accomplished. Jn or der to proceed with thss construction of the building it was also necessary to induce the tenants or the present frame buildings on the property to take other quarters and this feature of the situ ation has just been cleared up. The last tenant to lease new quarters was the Hyatt Talking Machine Com pany which is scheduled to move Feb ruary 1 to the Northwestern Bank building. According to present plans the frame buildings on the site will 'be torn down before February 10 - and the ground prepared for the new building at once. The structure will be rein forced concrete with refrigerating plant, electric elevator and sidewalk lift. The probable cost of the com pleted building be about $50,000. Before actual construction is. com menced the plans will have to be ac cepted by Mr. Constantine. Land Sale Made. C. "W. Gerard, owner of property at Twenty-eighth and Savier streets, which has been under option for about two months, announced last week that the property has been sold to a Detroit automobile concern for the location of an assembling, plant. The identity of the purchaser will not be made public lor the time being. The property is re ported to have been sold for about $20,000. School Plans Submitted. F. A. Naramore, architect for the School Board, submitted preliminary plans at the City Hall last week for the proposed auditorium unit to the Franklin High School covering which an appropriation of $130,000 was set aside in the annual school budget. Con struction work will probably not com mence for a few months. The site .for all of the Franklin High buildings is a 15-acre tract at East Fifty-fourth street and Twenty-ninth avenue, near Division street. The proposed new building is to be three stories high above a foundation 70 by 205 feet in area. Brick and re inforced materials axe to be used.' male. MAI.V B11LD1NG OF WAHKEXTOX CLAY COMPANY, WHICH WILL ing the structure fireproof except the roof. The auditorium proper will seat about 2000 with room for nearly 200 additional on the stage, and the cafe teria in the basement will accommo date more than. 500, according to pres ent plans. All available rooms on the second and third floors are to be uti lized for classrooms. Balldlng Bids Invited. C. A. Duke, a Portland architect, is receiving bids for the erection of a two-story and basement brick store and office building to be erected for A. Spellman along Sandy boulevard be tween East Fiftieth and East Fifty first streets. The exterior of the struc ture is to be brick with cement base ment and fireproof tar and gravel roof. The site is 60 by 100 feet in area.- The probable cost is given as $15,000. I'nlverslty to Have Dormitory. Plans have been prepared by George M. Post, a Salem architect, for a girls' dormitory building proposed for erec tion on the campus of Willamette Uni versity, Salem. A four-story brick building, to cost $30,000, is planned. Of ficials of the institution are now rais ing funds to finance the construction of the building. ' Apartment Planned at Astoria. Preliminary plans have been drawn by A. G. .Gendron, an Astoria architect, for the erection of a proposed four story and basement apartment building that will, if erected, cost in the neigh borhood of $45,000. It will be a brick and concrete structure and is to cover a lot 50 by 100 feet in area. Construc tion will probably commence in the Spring, although the owner has not yet given final instructions to proceed. Several Realdencen Started. James . Taj'lor has commenced the erection of a two-story residence at 1215 East Pine street, Laurelhurst. to cost about $4500; a building permit was obtained last week by Dwight Cheney for the erection of a $5000 residence at 86 East Forty-first street, also in Laurelhurst; still a third Laurelhurst residence was started at 226 East Thirty-ninth street North, by Evert Liisan antti. to cost $4500; Thomas A. Baker is building a $1500 dwelling at 1160 De troit street, in Albina. STOPOVER KGIITS ARK SOUGHT Realty Board Will Make Campaign to Influence Railroads. ' That the Portland Really Board is to make an active campaign for the ex tension to Easterners of stopover privi leges in Portland while they are on their way to California, is indicated by a resolution presented to the Board at last Friday's meeting by C. Lewis Meade. The resolution, which was referred to the shipping and transportation committee for consideration and report, is as follows: Whereas, One-way straight, tickets are now being sold by certain railway lines from Chicago. 1 11.. via the Southern routes, to San Francisco for $50.To, which said tickets Include a 10-day deposit stop-over privilege at each of the various points In California and other states,' giving travelers opportunity to visit various- points of interest en route; and. Whereas, Travelers to San Francisco via Oregon are not allowed equal stop-over priv ileges in Oregon unless they pay an extra $15 fare for Btop-over privilege; now there fore be It Resolved, That the Portland Realty Board Join with other civic organizations in re questing the Portland Chamber of Com merce to petition all railway lines operating in Oregon and through Portland to grant equal stop-over privileges on said one-way ticket in Oregon as is now granted to Cal ifornia and other states, without extra charge. One of the' strangest strikes in his tory became effective in Philadelphia when several hundred errand boys, de manding one cent more a "package, quit work. PLANS ARE DRAWN FOR ONE-STORY FIREPROOF BUILDING f TO BE USED FOR RESTAURANT PURPOSES. J ,; , . ; 1 ii f 88gj&y .. jj?!t, f t .-a feaaj-Trmi , .,- , n , iiiiiiiiiisnnBsgiiWii, mwmmmmtmmmiamummm 1 . "'''OsttdBWgaW! JSPEiflA'AMjUHMtW !."- - '.- sjnBjpMojp fcj ' T .4, 1 BiitBTuiMytii'iyMAlJKi',iiiiiii- TiijjuuuiioVWKMWat..v.ffi .4 (.'.;. . 5 ; x Wir" -runim " 'rmr iinr'n fumm j ;L w jUiw wimnir nnr w mini , ihwm hhmhiiw.; ' . " ' niinnwiiinwsWWMWuwM f - 1 ; ww4 '' II ' fWy.tW? -" M A . j J - UUKlZVh ' - --A -i t i f ll a. "Ifi'-l I - . i 1 t 1 '1 1 1 zssxm'H- ' " fc f i'sfegsssgsM m4 lit t j3 C & ucowBlW&f -T JjBOt poaaa H i Uiu uaf m -M 0 K". i S "'"1"' " " U' "- jwiii'inn inn "i r? : i T t . i S tract a re About to Erected for Selllnsr-Hirseh Interests on Wnt Side of Wnt Park Street, Between. Selling-Hlrach Building and Peoples Theater. , BOARD'S SCOPE WIDE Paul A. Cowgill Tells of Realty Activities. MUCH GOOD ACCOMPLISHED Organization's Members Said by Secretary to Work for Com-, muuity Interests in First Place. In his annual report, read before the Portland Realty Board at the election meeting about ten day ago. Paul A. Cowgill. secretary of the organization, after reviewing the broad activities carried on by the Board during the preceding twelvemonth, recited reasons why the Board should concern itself with matters not directly and definite ly related to the real estate business. Mr. Cowgill said: "Custom ordains and the bylaws pre scribe that at this time your secretary shall review the actions of the Board during the year past. Time was, in the younger days of our Board, when such a report, detailing its actiyitles, might with propriety have been read : at a gathering of this kind, but should I now attempt to elaborate upon the events of the year, Just closing there would be time remaining for naught else. Many Subjects Cited. "The increased membership: the suc cess of the letter-writing week; the "baek-to-the-land" movement; the or ganization of our rental members; $300 raised at one of our noonday luncheons to send the Berger-Jones'pictures East; the Astoria rate case: the encourage ment offered new factories and ship building plants; the Reed College course for real estate men; tho big inter-state realty convention: the rec ognition of our appraisal committee by the School Board and the Wty of Port land; the creation and, act! vltioa of our highway and shipping and transporta tion committees; the campaign so suc cessfully conducted against the single tax propaganda, and the opening and furnishing of the new offices for the Board are subjects upon any one of which T could with pride occupy all the time placed at my disposal. "You are all familiar with the part the Portland Realty Board has taken in the advancement of Portland and all things which tend to make our city great, to make it the best place in which to transact business, the best place for a stranger to visit and the best place to have a home and to live. "There may be some among our mem bers here today, however, who will in quire what direct relation the progress and the development of our city has to us as members of this board, and why should not the efforts, of the Board be directed more to advancing the interests of its members than demoting so much time to matters of public concern? .Community Interests Vital. "The answer is that the very nature of our calling requires that we. as Board members, should devote almost as much time to public matters as we do to dealing in lots, blocks and acres. Although each year since we first met together some new step has been taken by our Board better to protect the in dividual, and thus make membership in BECIS OPERATIONS IN APRIL. tho Board more desirable, still its ac tivities in a large part have always been and must still continue to pertain to those things which affect the com munity as a whole. In this way are our interests best served, for in working for better laws affecting real estate, in constantly endeavoring to improve) our taxing laws, we are directly serv ing our own ends. "In tirging better regulation for all classes of citizens ana working in uni son for the promotion of public Im provements, we are making the com modities in which we deal more stable and more in demand. Should we cease our attention to public matters and confine it merely to rules governing commissions and the conduct of our of fices we would soon find our'stock of goods badly depleted and our business demoralized. CLAY PLANT EXPANDS K1RST TEAK OK WAIIREXTOX COM PASV IS SICCESSFIX. Concern , Buyi 70 Acres of Land on Lewis and Clarke River, Which Will Supply Firm SO Years. WARRENTOX, Of.. Jan. 13. (Spe cial.) At the second annual stockhold ers' meeting of the AVarrenton- Clay Company held recently the following directors were elected unanimously: John V. Myrick, Pred Li. Warren, Frank M. Warren, Walter C. Smith and Warren Overpack. The officers are: John Myrick, president; Fred L. War ren (of Portland), vice-president; G. Clifford Barlow, secretary; C. K. Hig gins, treasurer, and Warren Overpack, general manager. The report of the first year's work was very encouraging. The company has purchased 79 acres of clay lands on the Lewis and Clarke River, which will furnish enough clay to run the plant 20 years. The officers have se cured a valuable la-acre site on the Skipanon River as a donation from the L. K.. Warren estate: A railroad spur has been laid from the Flavel track of the Spokane. Portland & Seat tle Railway to the site, making the to tal rail distance one and three-fourths miles from the company's plant to the Oreat Korthern Pacine Steamship Com pany's docks and about a six-mile haul from the plant to the Port of Astoria docks. Aside from the excellent rail con nection the Port of Astoria Commission is now arranging to dredge a ship channel in the Skipanon River from the Columbia River to a point one fourth of aonile beyond the Warrenton Clay Company's site. This will enable the company to ship its ware by steam er to towns on the Columbia River and the Oregon and Washington coast. The main buildings have been erect ed and machinery for the plant has arrived from the East in seven cars and is now being installed. In addition to the heavy clay-working machinery it includes hollow , tile dies, drain tile dies of various sizes and sewer -pipe dies and connections up to 28 inches and a brick press. f The company has arranged for its fire clay and will manufacture its own tire brick for the big kilns. Manager Overpack expects to have the plant in operation by April 1. He has already obtained tentative orders for certain ware and there is every indication that this plant will become one of the fore most industrial enterprises at the mouth of the Columbia River. PALACE HOTEL. IS LEASED Xev TlioiupsoM Building Taken by Tire Company. The Dooley Investment Company, owners of the Palace Hotel, located at Twelfth and Washington streets, leased the premises last week tr J. A. Royston. of Sale Lake City. The lease embraces the four upper floors of the building, including 116 rooms, and all furniture. The agreement is for a five-year period. The ground and basement floors of the small flatiron building being com pleted on the property of Stanley S. Thompson, on Thirteenth street, at the intersection of Stark and Burnside streets, has been leased by Mr. Thomp son to the Peerless Tire & Rubber Company, now located on Stark street. The lease will endure for three years, commencing February 1. The building Is said to be the smallest commercial structure on the Pacific Coast. Mr. Thompson reports that he has received an inquiry from officers of a furniture factory " In ' Grand Rapids, Mich., which indicates that the com pany is planning to establish a branch in the Portland field. Mr. Thompson has been requested by the Eastern house to submit warehouse property within a prescribed area. HOGE FED OX EXTENSIVE SCALE Iv ruber Bros. Company at Troutdale Have About 12 00 Head. Among the new industries which have come. Into this community lecently is the. Kraoer Bros. Company, hog feed ers, located at Troutdale. They "have leased the old t nlon Meat Company plant at that place, and are hauling feed from Portland to the yards. At present this concern is feeding trom 1200 to 1300 hogs. They also have a feeding yard in Spokane, and are making-their ovtn hog cholera serum. This fact is notable, as they are the only people on the Coast who are able to do this successfully, it is said. As a result of the serum their losses by cholera are practically nil. Their business consists of purchas ing hogs not fat enough to market. paying market prices for them, fatten ing them and selling. This tills a long felt want in this market, as farmers can dispose of their feeders at a profit, where with present grain prices the farmer cannot aUordT to fatten them. Interstate Association Will Go to Grays Harbor for Three Days in August. EXECUTIVES GET TOGETHER Expectation Is to Have 1000 Mem bers by Meeting Date and Ses sions Will Be Held Between lloquiaiu and Aberdeen. ' The full seriousness with which, the members of the new Interstate Realty Association are aproaching their du ties was demonstrated last week-end when several of the executive commit tee representatives came to Portland from remote points to attend the first meeting of the committee. G. R. .Hogshire. Who lives in Jerome, Idaho, had to travel 680 miles to reach Portland. M. Butler, of Stites. Idaho, traveled 400 miles and all of the other, out-of-town members of the commit tee made considerable sacrifices of time and efTort in order to be here. The to tal travel necessitated to bring all of the members to, Portland and return them to their homes again amounted to 55i6 miles, according to an informal compilation made by Paul A. Cowgill, secretary of the association. Several Come From Afar. In addition to Mr. Hogshire and Mr. Butler the following came to Portland for the meeting: F. W. Fitze, of Coeur d'Alene, Idaho: Frank O. Dole and R K. Pasley. of Aberdeen, Wash.; J. E. Calder, of Montesano, Wash.; Albert Sehooley, of Chehalis. Wash.; W. R. Weiser? of Kennewlck, Wash.; E. T. Wade, of Pendleton; J. F. Batchelder, of Hood River; John Hj Scott, of Sa lem; P. Heitzman, of Yacolt, Wash., and A. C. Williams, of Kugene. The Portland realty men who par ticipated in the sessions were F. E. Taylor, president of the association, who presided over the meetings: Sec retary Cowgill, Frank L. McGuire, president of the Portland Realty Board; F. N. Clark and Dean Vincent, vice president and executive committee member, respectively, of the National Association of Real Estate Boards. True to schedule, the members of the executive committee decided to hold the 1917 convention of the asso ciation on Grays Harbor, the dates set being August 9. 10 ad 11. All of the 40 realty men of Grays Harbor, which embraces Aberdeen. Hoquiam, Monte sano and Elma, will participate in the entertainment jointly and the meetings will be held probably both in Aberdeen and Hoquiam. which adjoin each other. Portland Will Co-operate. - To assist the Grays Harbor men in staging the convention Secretary Cow gill will Join them in advance of the meeting.. The Portland officers will also undertake to aid materially in mapping out a programme similar to the one conducted in Portland last July when the association was organ ized with a total attendance of about 650. The association officers hope to increase their membership to 1000 by August and expect that a majority of the membership will be on hand at Aberdeen and Hoquiam.0 A total of 350 new members were voted into the association, during the executive committee meetings in Port land last Friday and a decision was reached to permit "realty women" to enter the association. A committee consisting of Mr. But ler. Mr. Schooley and Mr. Wad was appointed to recommend a suitable de sign or monogram for the association, while another committee, Mr. Scott, Mr. Fitze and Mr. Calder. was desig nated by President Taylor to draw up uniform sets of contracts and other legal documents used in the realty pro fession. Committees on legislation, membership and publicity are to be appointed later. Secretary Cowgill was instructed by the committee to get out an association roster and mall it. to gether with a code of ethics, to each member of the association as soon as possible. Ylnitors Are Heard. Each of the visiting members of the committee addressed the Portland Realty Board at the weekly luncheon meeting in the crystal dining-room of the Hotel Benson. Each of them also spoke on the plans for the coming convention at a banquet tendered the committee by President Taylor in one of the tearooms of the Hotel Multno mah Friday night. At the latter gathering F. N. Clark urged the delegates to affiliate with the National association and Dean Vin cent also spoke along similar lines. During the luncheon session of the Portland Realty Board G. G. Rohrer proposed that the organization go on record as urging the election of F E. Taylor as president of the National Association of Real Estate Boards for the year 1918-1919. but Mr. Taylor himself cut this move short by explain ing that he had quite enough on his hands already In the shaue of ritv organizations and requesting that the. uuara taae no such action. Tresident McGuire forthwith referred the matter to the executive committee of the Port land board. Enterprise Farm Brings $35,000. ENTERPRISE. Or.. Jan. 13 (Spe cial.) C. R. Elliott has sold to Harold R. Snintaffer 1840 acres of land north east of Enterprise for $35,000. Mr. and MrsAElliott intend spending the Winter in Florida, returning to Wallowa Coun ty for the Summer. I AM REAL ESTATE I am the basis of all wealth. I am the foundation on which have been reared the civilizations of all the ages. I am the pawn for which kings and emperors and legions without" number have fought. Centuries ago boundary lines were drawn across my surface, and I was portioned out among tribes, and nations ;i property rights were established, society came into be ing, and thaos gave way to law and order. I am the farm, the mine, and the forest. You need but to "tickle me with a hoe and I laugh with a harvest." Plant a grain of wheat or corn, a seed of flax or cotton, on my broad bosom, and I reproduce a. thousand-fold, furnishing food and fabric for all the children of men. FJom my depths and mountain sides are mined all the useful and precious ores and metals. In my forests are hewn the tim bers which pass through lathe BT LIFE INSURANCE EDITOR. President Matthews, of the Child Welfare Board of the state of New Tork. recently issued a report of the operations during the first year of the so-called widows" pension law. Ac cording to the figures submitted it has cost the Empire State J106,79 to help support 1060 widows . and their de pendent children. Many of these chil dren have been removed from institu tions and restored to the care of their mothers. The report declares: "The results of these families indicate that there has ' been- a steady improvement; that the money invested in them is returning interest in the way of lives made stronger, in the way of decided phys ical improvement in the health of both mothers and children, and that the as sured monthly incovne has removed from the mother's life that crushing anxiety as to how she was to provide for her children on the morrow an anxiety that not only deadens hope and aspiration in her life, but also lays its withering paralyzing hand on the lives of the children." The average allowance for a family a month during the first year in which the law has been in operation has been $22.S0. while the average number of children in a family has been 3.13. Therefore, the monthly cost per child has been a trifle over $7. The report of President Matthews has caused more or less comment among economists and social workers. It is admitted that the state of New York, and in fact many other states, are over-burdened With charitable in stitutions. Institutions Too Numerous. Early in this year R. R. Reeder. su perintendent of the orphanage of the Orphan As3ylum Society of the city of New Tork, stated that "New Tork is the worst institution-ridden state in the Union. There is a scramble to get children into the institutions, because the public funds help them to build up their plants. Such funds might also be used to help build up religious orders. Many institutions have been built because a founder leaves a mil lion or two million 'dollars to start an institution, without knowing whether there is need for such or not. "I know of two bequests made re cently in Philadelphia for orphan asylums for girls, and there are not enough orphan girls in all Pennsyl vania to furnish a census for these in stitutions. I believe that the sooner we get away from institutions and adorjt the home system for dependent children the better it will be for the community. Of course it cannot be done all at once, but it can be done little by little. "The 25.000 children now being cared for in New Tork in public institutions may be made a great National asset or a great National menace to the com TRADE IS PHENOMENAL DHMA.VO FOR IXDl'STItlAL PLANT SITES. GROWS DAILY, Country Prosperity la Reflected in Real Estate Market, Says 'Realty,' RevlcTrlns Situation. With the Immense industrial devel opments during the past two years an era or prosperity is being created that is phenomenal in all its phases, says a current editorial in "Realty," a National magazine of development. The country has by far more money than ever be fore, and all branches of development have received an unprecedented im petus. The demand for industrial loca tions and sites is growing daily, new concerns launched by these favorable conditions are building their own plants, while others are enlarging the old ones. In various sections of the country cities have sprung up almost over night and the demand for mechanics and op eratives is at a premium; manufactur ers of wearing apparel and dealers in many household commodities are also experiencing the rturns of this golden period. Every investment opportunity is reaping untold results, but it has been left for the most important branch of this country's investment field, namely, the real estate market, not to be 'able to respond until now. Such a condition is natural and logi cal and can readily be .explained, for the real estate market only reflects the country's prosperity; demand must be apparent before the supply is created. This industrial harvest has stimulated the demand, notwithstanding the high prices of building matertal and labor's increased-wage. These influences can not long impede or obstruct industrial expansion or the housing of the many mechanics and laborers successfully employed. Inflations must' be tabooed and only a healthy and standard growth en couraged, for as we sow so shall we feap. The past two years have been sufficient evidence to the real estate world that one cannot build upon un stable foundations successfully. Infla tions are bound to cause a reaction, oft times of serious consequence. Every value must find its true level. When value goes beyond fair bounds it is sure in the end to create trying condi tions and cause serious losses to some until -the true level has again been reached. Looking, therefore, into this ap proaching awakening of a most pros perous era. let us as real estate men, entrusted with the market's stability and the people's welfare, move solidly forward in meeting the situation, hold ing high before us at all times the idealistic principles of honesty and con servatism. Business Changes. Mude. Among the first of the year business and plane into the palace of the prince,, the house of the merchant, the humble home of the poor. I am the Great City, where hun dreds of thousands crowd, and men bid vast sums for the privilege of calling a few square feet their own. And as the city grows I be come more and more sought after, and my value vastly increases. As the population of the earth continues to grow, I shall be in ever-Increasing demand, for my area does not expand. People must live and I am the source of all sustenance. I bear the burdens of taxation, for the welfare of the people. While but few comparatively among men claim title of posses sion. I ain Servant of all Mankind. I do not run away. 1 cannot be carried off. Fire nor the elements caq destroy me. I stand through the ravages of Time. That is why I am called Real Estate. LAWRENCE MILLER. munity: it all depends upon, the way they are brought up." Economy Is Answer. Attention has been called to the fact that whereas child-life is better con served in the- environment of a home than in charitable institutions, the state, nevertheless, pays the bill in both instances. It has been argued that the various widows" pension laws indirectly encourage fathers of families to be improvident. There is a certain class of men who, knowing that the slate will provide necessities for their widows and orphans, make no pro vision to leave anything in the nature of tangible estate. For instance, with this class of men life insurance is the last thing thouciht of. Yet. according to the figures submitted, even a mod erate degree of economy on the part of the bread-winner of the family would provide an estate in the form of life insurance which would answer tho same purpose as the widows' pension law, and at the same time would not make widows and children dependent upon the cold charity of institutions or the state. One prominent social worker who has spent years in stud declares that far better results could be secured on the average by means of life income poli cies. Small Sam Accomplishes Much. He says: "A $2000 policy opens s wide vista of service for all the fam ily, especially if the insured adds the trifling special premium required to prolong the income throughout the wife's life only 36 cents a month, at age 35 for both. That J2000 will yield (1) $170 at death for funeral and other expenses; (2) $10 a month for tho widow's life, however long; or (3) if she dies soon after her husband. $10 a month for 20 years in all (long enough to help bring up youngest child): or (4) if the father lives on. say. to age 65, he can draw $1045 in. one sum, or a life annuity amounting to $10 a month for his own old age; and (5) all the while the bulk of tho money paid in by him has been held in his loan value (more ready for emergency use than other invested savings) amounting in the second year to 37 per cent of what he has paid in; 10th year. 67 per cent; 20th year. 85 per cent, and 30th year. 100 per cent all his money back for old-age sup port. For all this he has had to lay aside (deducting dividends on the scalo now paid) only $4 a month for the first year at age 35. gradually decreasing to $2.30 a month tho 30th year. The many millions of families whose heads now carry $1000 to $3000 of in surance have no idea that it can be made to yield any such service. Nor will most people realize, until your mother's pension work becomes gen erally known, that these $9 to $15 monthly Incomes will really keep the family unbroken." changes in Portland are two in the mortgage house of Edward E. Goudoy Corn pan y. Gerald C. Sooysniith. a son of the late General William Sooysniith, a distinguished civil engineer, took the place of L. M. Phillips as a repre sentative. E. C. Morgan, continuing in charge of the insurance departim-nt. was elected to the position of secre tary. SIIIPVARD TO E.NLiAIlCUOD Permit for Work ta Albina anil Three Resiliences Issued. The Montgomery estate obtained n building permit Friday for the con struction of three additional shipways on the grounds of the Albina Engine & Machine Works along the river front in Albina between Lewis and Ran dolph streets. The cost of the proposed structures is estimated at about $12,000. The Peninsula Shipbuilding Company is also making preparations to build two or three new ways, it is under stood. Three residence permits were issued, at the City Hall on Friday. Following Plans by Smith & Griffith. M. J. Ma honey is commencing a $5500 residence at 1186 East Flanders street, in Lau relhurst. while Charles Sherburn is building a $4000 residence for Edith R. Reeves at 1236 East Couch street, in the same addition. The third permit of the day was granted to N. O. Eckluml for the erection of a $2500 bungalow at 640 East Fifty-sixth street North, in Belli" Crest. Directors of Prominent Life Insurance Arcncies Members of Life Underwrilers' Association of Oregon Wm. Goldman. Oeasrai Man agar. NAIlb.VAL LUTtt CI" VKKMO.VT. jregoDUBWldf. 11. Q. Cultou. Manager. MASSACHUSETTS MUl'UxL Ult. Chamber of Commercs mas. M. L. Harxpon. Manassr. Pt.NN MUVUAL LI'1. Northwestern Hank, .Bids. Horace Mecklem, Manag-sr, NEW NUU.VU MUTUAL. L.ITU, Northwestern Hank Bids. Q. M. Slocum. ilsr.. RELIANCE LIFE INS. CO.. Pittsburg. Pa, 20a Morgan Bids.. Portland Or. a. p. Lues wood. Vlce-Pris. and Gen. Mac. COLUMBIA LIFE TRUST CO.. gO Sts vsns Bldg. Feltla-Grossniayer Co.. General Agents SHE TRAVELERS' l.NS. CO, u-10 Wtlcox Bldg. E. W. Ameebury. Msnsger. NORTHWESTERN MUTUAL Lit si MS. CO, Northwestern Bank Bldg. Judd Lowrey. SupL, AMERICAN CENTRAL Lii-ii INS. CO. 719 Dekum Bldg. John Pauer, .ciuperiuteiideat. THE rhiJlltNTlAL INSURANCE OCX. 01 Northwestern BanH Bldg. T. H. McAUia. State Mgr. UNION MUTUAL LIFE INS. CO. Board of Trade Bldg. Kdgar VV. Smith, Manager. EQUITABl-t; Llh'K Aiml.liA.Sit, oOOIBTT. g09 Oregonlan Bldg. State Members Portland Realty Board The following real estate men are the accredited members in their re spective cities of the Portland Real ty Board. 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 citiea or wish information, rite them: Astoria Astoria Harbor Imp. Co. Bend J. A- Estea. Hosebnrs VV". A. Bogard. BUILDERS' SUPPLIES and HOME SUGGESTIONS J. C. ENGLISH CO. LIGHTING FIXTURES &. Iring; and Union Avens aeterr to Couaaer. 1243, O Ua