The Sunday Oregonian. (Portland, Ore.) 1881-current, January 14, 1917, SECTION FOUR, Page 10, Image 54

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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
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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