The Sunday Oregonian. (Portland, Ore.) 1881-current, January 21, 1917, SECTION FOUR, Image 56

The Sunday Oregonian., January 21, 1917, SECTION FOUR, Page 10, Image 56

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Newspaper Page TextTHE . STJNDAT OREGOXIAX. PORTLAND, JAiSTTATtT 21, 1917. BIG REALTY DEALS JADE IN PORTLAND 'O ATTRACTIVE HOMES IN LAURELHURST,' ONE OF WHICH WAS PURCHASED" RECENTLY". Ilaurelhurst has RAILWAY PENSION FUND MAY DETER MANY FROM STRIKING Vast Sums Paid Each Year to Retired Men Old Employes Particularly Question Wisdom of Strike Which Would Forfeit Benefit Rights. NUMEROUS SALES lO' Board of Trade Building Taken by M. H. Houser and Asso ciates for $325,000 Cash. AVERILL PLANT IS PLANNED Estimated Cost of Home (or F. J. Cobbs I-j $100,000 Including ' Greenhouses and Ornamenta tion Work to Et'giix Soon. IMPORTANT DEVELOPMENTS 1ST PORTLAND REALTY AND BUILDING MARKET LAST WEEK. Board of Trade building is sold by Gay Lombard and Dr. E. H. Parker at cash consideration of ?325,000. A. H. Averill Machinery Com pany pays $29,600 for 14 acres intended as t,ite for large manu facturing plant. Plans are advanced for $100,000 home to be built on Portland Heights for F. J. Cobbs. Dr. I. N. Palmer plans construc tion of $30,000 apartment build ing in Piedmont. New factory building is pro posed by Pettit Feather & Bed ding Company. BY CHESTER A. MOOEES. The outstanding realty transaction of the new year was concluded last week when Gay Lombard, of this city, ''and Dr. Edward II. Parker, a former Port lander, who now resides in -Los Ange les, sold the Board of Trade building, one of Portland's most prominent of fice structures, at a, reported cash con sideration of $325,000. Although the name of the buyer or buyers is not made public, it is said upon good authority that the real buyer 1b Max H. Houser, a prominent Port land grain dealer and exporter who re cently displayed his faith in Portland realty by his participation In the Hip nodrome Theater deal. Title to the Board of Trads building, which is an li -story reinforced concrete structure occupying a quarter block -at the south east corner of Fourth and Oak streets, will rest for the. time being with the Security Savings & Trust Company, but will lftter be transferred to a hold ing corporation of which, it is under stood, Mr. Houser is to be the con trolling stockholder. Announcement of the sale was made Thursday night by Gay Lombard after the deal had been pending for the sev eral days following Dr. Parker's arrival from Los Angeles. Building; Krecte.I In 10OS. The Board of Trade building vas erected in 1D08, being purchased by Mr. Lombard al ter the Oregon Trust & Sav ings Bank had failed during the course . of the building's construction on the bank's initiative. The land at that time was owned by Dr. Parker and was be ing paid for on the deferred payment plan. Dr. Parker still owned a. substan tial interest in the property at the time of last week's sale to Mr. Houser. Acting for the A. H. Averill Machin ery Company, A. H. Averill last week purchased 14 acres of land situated be tween East Forty-seventh, East Forty ninth and East Glisan streets and the O.-W. 11. & N. tracks, where the com pany will probably establish a new plant within the current year for the manufacture and assembly of heavy machinery such as tractors and thresh ing and sawmill machines. Approximately 5.5 acres of the hold ing was owned formerly by Herman D. Gradon, now of San Francisco, while S.6 acres were held by Charles S3. Wright. The purchase price is said to have totaled 129.500, all cash. The deal was handled by William H. Mall, of Mall & Von Borstel. After the purchase had been nego tiated Mr. Averill announced that at least two structures, an oflice building and a machinery building, covering land about 100 by 300 feet in area, and costing between $30,000 and $40,000, would probably be erected within a year, and that the next unit to be added would be a storage structure 500 or 600 feet ong and about 1-0 feet wide. All of the buildings forming the ulti mate plant will be one-story concrete .structures without basement. Kastern House Interested. For the past 15 years the Averill plant has been sitdated in a two and three-story building located on Belmont street between East First and East Second streets, the site being 100 by 200 feet in area. As the hrm of Rus Bell & Co. the plant was first located in 1S83 on the dock back of the old Esmond Hotel, and it later took one- half of the Fisher-Thorsen building on l'irst and Morrison streets. At the present Russell Bros., who still retain their interest in the Portland concern, operate a huge plant at Masslllon, O., where similar kinds of machinery are manulactured. The Averill Company deals in en Bines, boilers, threshers and sawmills and road machines of various sorts. The Portland office has branches in Spokane. Montana and in San Jose, Cal., And urjuer the new plan the en tire Pacific Coast field will be gov erned from ' Portland. The Portland plant now employs 35 people and the payroll will undoubtedly be extended when the operations are enlarged by removal to the new site, which adjoins Laurelhurst Addition with 600-foot frontage on the Montavilla carline. as well as adequate facilities for tracking along the O.-W. R. & N. line. Mr. Averill remarked last week that he has within the past 60 day received more Inquiries for sawmill machinery than during an entire ear and a half prior to that time. Plans Proceed for 100,000 Home. A contract was let last week for the 13000 greenhouse which is to rise at once on the Vis-ta avenue residence property of F. J. Cobbs, wealthy Port land ' lumbermen. who has ordered Architect A. E. Poylc to build a ' resi dence that will cost in excess of $100. 000 when completed in all details. The residence itself, estimates for which are to be invited in about a month, will cost-about $S0.000. it is said, while the fountains, pools and other appoint ments in connection with the improve ment of the premises will bring the to tal investment to more than $100,000. The retaining wall, which has already been completed, cost more than $10,000. 2JO,H)0 Apartment Ordered. Ir. I. N. Palmer has commissioned a Portland architect to prepare plans and specifications for a two-story apart ment building which he proposed to erect on property 100 feet square at the corner of Garfield and Killings worth avenues in Piedmont. The proba ble cost is given as $30,000. The build ing will not cover th full site, that provisions may be made for plenty of air and light for the 20 apartment suites planned. The design is to be old English, with timbers on the upper walls and hollow tile below. The in terior finish la to be of hardwood. Each "" ' C Q-" ....... '-r i'1' - IrrsKSsd - -i ---- l4-:--HHi 3fl its'. - xv; -Std7 'Sti li I vjg-.' I fT , -i i 1 i' pp -1 bA&i 1 suite is to have outdoor sleeping porch and shower bath. Sew Factory Planned. J. "W. Pottit, owner of th Pettit Feather & Bedding Company, is con sidering two locations for the erection of a. proposed two-story building that will enlarge the company's scope of operations materially. . The present mattress and feather pillow plant at Lovejoy and Twelfth street North has approximately 20,000 square feet of floor space and Mr. Pettit desires to acquire at least 50 per cent if not 100 per cent additional space. His present plans call for a two-story reinforced concrete building covering land 100X 160 feet in area and costing between $30,000 and $40,000. Definite decision as to whether an East Sido or West Side location will be selected is to be made within a fortnight, Mr. Pettit said Thursday. The present plant has an annual output of about $100,000 and employs 20 people. -.-I Bank May Move East Again. Officials of the Scandinavian-Ameri. can Bank are now .considering the ad visability of spending between $15,000 and $20,000 in making alterations in their building on the northeast corner of Fifth and Morrison streets prepara tory to the removal of the bank to the second floor of that structure. For merly the bank was situated on Wash ington jusf below Third, while the present location is on Morrison and Park streets. If the move is made it will probably not be before May 1, bank officials eay, in view of leases now ex isting. Box Cars to Be Built Here Soon. Twohy Brothers, who recently se cured a contract for the manufacture of 200 wood boxcars on the order of the Union Pacific Company, have filed preliminary plans with tho municipal bureau of buildings for permission to erect a planing shop as well as other buildings which are planned for erec tion at a cost of about $25,000. The location for the proposed structures is at the company's plant between East Fifty-fifth and East Sixtieth streets, not far from the line of Holladay ave nue. The actual work of building cars will probably not commence until next Summer. The Southern Pacific Company an nounced :ast week that in the future all of its wooden freight cars will be built in the West along its lines where timber is available. It is estimated that nearly 5000 cars will bo in the proces of construction within the next few months and that a considerable portion of the work will be done in or near Portland. The main plant will be at Sacramento, Cal. COMMITTEES ABE GIVEN PRESIDENT M-GL'IRE OK REALTY BOARD MAKES SELECTIONS. Two Opponents for Office Are Placed In Important Chairmanships! New Policy Is Announced, In making his committee selections for the year Frank L. McGuire. the new president of the Portland Realty Board, named both of his opponents for the presidency at the recent'electlon, L. W Cronan and Frank McCrillis. to im portant chairmanships and also found posts of honor for the campaign man agers of the rival factions. President McGuire announces a new policy whereby no member will serve on more than one committee. His com mittees for the year are as follows: Executive committee Frank L. McGuire, George T. Moore. Paul C Murphy, Frank E. Taylor", Iean Vincent, Joe Healy, Fred Strong. - Entertainment committee- Herman Von Borstel. Charles Rlnglcr. George P. Henry. Philip V. W. Fry. E. X. Wheeler. Membership committee Fred W. German. C P. Benedict. Frank McFariand, Charles L. Wheeler. Clayton Oehler. Civic committee O. K. jerfery. W. A. Firebaueh, Mike Clohessy, J. B. Nye. R. F. Bryan. Advertising-. committee W. M. TTmbden- etock. W. W. Jordon, F. .Ftjchs, J. M. Ayers, I, J. Barber. Puoliclty committee O. V. Badley, A, ' T. Alien. R. II. Blossom. Scott, Bozortn, w . B. Allen. Retolutions committee Frank McCrillis, Max Lueddemann. Earl Clark, C E. Cun ningham. George P. - Dekum. , Arbitration committee George B. Cellars, George F. Brice. G. F. Peek, L G. Davidson, Walter Gill. Shipping and transportation committee John F. Daly, chairman; T. J. Baldwin. C. Lewis Mead, Coe A. McKenna. J. Allen Har rison. ' 1 Legislative, conranittee) Herbert Gordon, J. J. McCarthy. F. S. Fields. Dorr E. Keajtey, Arthur Cauan..- . Rental committee G. G. Rohrer. Frank Watklns, Donald G. Woodward, Stanley S. Thompson, J. Fred Staver. Military and permanent highways ' com mittee O. W. Taylor. K. V. Parsons. Dr. H. W. Coe. W. M. Kllllngsworth. E. W. Mat thews, W H. ITN Dufur. J. li. Xellan. industrial fldvlnrimnnt rnmmutno Ti. -W. Cronan, M. E. Lee. S. P. Osburn. J. O. El rod. J. D. O'Donnell, C. W. Borders, Johr Cronan, X. M. Apple, J. E, bhears, H. G. Terry. John II. Gibpwi. " Insurance committee Merle G. Campbell, T. W. Weldrtck, John Burgard, George W. Holcomh. E. J. Lowe, . W. . B. lioneyman, Carl Rf Jones. Mortgag-e loans committee B. Lee Paget, Herman Moellet Ieroy R. Fields. W. J. PatterMon. L. F". Carter, William MacMas tjsr, Henry Krles. - Building code and city ordinance commit tee -T. J. Senfert, .V. K. Hill, Harrv Beok with. W-. H. Webb. W. R. Kaicr, W. 11. Roa. President McGuire will later appoint one or two other committees. One of the. most important committees of all. the appraisal committee, is elective rather than appointive. Its present members are: E. S. Jackson. F. X. Clark, William II. Mall, George D. Schalk and E. B. MacXaugbton. HAINES RANCH IS SOLD Place of 160 Acres Changes Hands for $16,000. The H. H. Little ranch, three miles north-west of Bialnes. was sold yester day to W. M. Sieg. of Baker, for $16,000. The ranch includes 140 acres. Mr. Sieg has been farming near Baker for several years and will move to his newly purchased property in the Spring as soon as weather will Dcrmit lim to cultivate the land. The ranch is said to be suitable for stock and grain raising and for gen eral agriculture. Mr. Little, the former owner, resides at Cove and has been renting the ranch to tenants, . The transfer was, made through the agency of the S. S. Start Real Estate Company. THREE DEALS ARE REPORTED Two Pieces of Acreage and One City Home Sold by Samuel Doak. Samuel Doak reports the following sales recently made through his office: Sold to W. T. Vaughn, of Portland, ten acres. Improved, near Tigardviile, Washing ton County. Sold to J. II. Burke, of Portland, modern flve-r4om "house and corner lot, located at 1016 Vernon avenue. Sold ten acres, improved stocked and equipped, located one-half mile southwest of Tigarvllle. Washington County, to Henry Larson, of Canada, who with his family already have taken possession and expect to make it their home. ! PORTLAND SKYSCRAPER WHICH WAS SOLD LAST WEEK AT , REPORTED CASH PRICE OF $325,000. T .,. . 1 ' - - . , . .. .. - . : ?AiA HJ r uvs Ji. .-J ill si -. JlJtrrji-l I I - i b-r HrJiJlTTI f ' ., v'i"rs t -vi-'- ?E i Wt' k turn sTkjs, i r it BOARD OF TRADE BCIIDIG, SEVERAL SALES MADE ACREAGE AND CITY DEALS RE PORTED BY FRED GERMAN.- " Dairy Raack to Be Developed la Red- lands District by Recent Purchas ers From Tillamook. Fred W. German reports the sale of a two and one-half-acre tract on the Foster road, near Belle Rose station on the Estacada line. This tract was sold for J. Fred Kennedy to John F. and Florence Albright, who purchased it as a home site. The new owners contem plate improvements in the near future. A four-acre tract of land near Bar stow station on the Southern Pacific was. sold for the II. V. W. Goetler es tate to W. F. Johnstone. This tract was also purchased for a home and the present buildings on same will be re modeled and enlarged by the new owner. A 40-acre ranch in the Redlands dls trii-t. about eight miles from Oregon City, was sold for Barbara Hefner to Carl F. and Anna Morrow, recent ar rivals from Tillamook County. The new owners have taken possession and expect to oevelop- the place into an up- to-date dairy ranch. A small home, at 1593 Multnomah street. Summit Addition, was sold to M. D. Maclntyre for Edward Otis, at $7&0, For Annie S. Edwards a three-room bungalow at 6215 Sixty-third avenue Southeast. Tremont place, was sold to Thomas It and Elisabeth Wells. For Charles andj Jan Inglefield the property at 671 Powell street, was sold to L. E. and Olivette Is'orris. This prop erty is improved with an old five-room cottage. For Katherine and Pauline Schoel heimtr, a small five-room house and lot at 29 West Alberta street. Riverside Addition, was sold to Anna and Earl C Fay. Pendleton Man to Build Bungalow, PENDLETON. Or., Jan. 20 (Special.) H. F. Peters, a well-known Pendleton man, has taken out a building permit to construct a fine five-room bungalow at the corner of West Alta and Cosbie streets on the old Tom Baker property. Construction will be begun in the near future. 1 1-JlP'TTi f1 1 FOIHTH AU OAK STREETS. Ml t 1 T -.-1 t-.-. rrrs - 4 4 4 4 Remarkable Realty Activity in Residence District Noted in Last Two Weeks. MANY WILL BUILD HOME? Paul C. Murphy Says Kastcrn Money Is Beginning to Appear and Should Come Kapidly to Bo In-vested Here. Paul C. Murphy, vice-president of the Laurelhurst Company, makes an un usually optimistic report of the com pany's business for the first half .of January, during which period tne com panv sold seven large lots, the pur chase price of which aggregated $16. 200. on which houses are already under construction, and in addition has sold three houses.- Mr. Murphy is enthus iastic over the outlook for the coming year. "Our business during the first 1 days of the new year has been greatly in excess of our expectations." said Mr. Murphy. "The flow of money into Oregon this year is going to be much greater than a large number or our people realize. The abnormal prosper ity in the East has enabled those who desire to come West to sell their busi ness or properties at handsome figures and to bring real money for new enter prises into the West. We have made a number of all each sales to people of this kind during the last 30 days. "I recently spent four days on the Sound and was greatly surprised to find the people there extremely happy over, their present business as well as the outlook for a greater increase of business. They have been successful In interesting Eastern people in west ern enterprises on the Sound and I "be lieve that if the people of Portland would wake up to what is going on there they would go East and Interest unemployed capital in enterprises in Oregon. There never was a time that I can recall when things were so fa vorable to accomplish this. Money for Investment Available. "I firmly believe that a large num ber of well-to-do Easterners will come West this coming Spring, bringing with them large sums of money for in vestment, and that "many will perma nently locate in this state. I also be lieve that we can st.fely say that pros perity in tlhe Northwest is well estab lished again. "Unimproved real estate will prob ably be the last to feel this prosperity, but before the close of this year I am sure a great- number who are now of fering their property at sacrifice prices will change their views and demand full values. "There is nothing that would be more advantageous to Portland than to have say half of its live, wide-awake popu lation go East and become fully cog nizant with what is going on there and ascertain what a wonderful bpportun ity there is to Interest capital in this great, rich, . undeveloped country of ours. "There is every Indication that the new year is going to be the most pros perous from a real estate standpoint that Portland has seen for some time. Every line of business is now showing marked improvement over last year. We expect to build at least 200 homes in Laurelhurst during the coming year and llrmly believe that tills is going to be the greatest year Laurelhurst has ever seen. Many- w Houses Started. "During the first IB days of this year 20 new houses have been started or are planned for immediate erection. Following is a list of Laurelhurst sales reported by Mr. Murphy as closed during the past 30 days: James Taylor purchased from the Laurelhurst Company a lot on the northwest corner of East Pine and Euat Forty-first streets for $1900. upon which he is erecting an eight-ooni house. Edwin F. Balgemann sold to A. F. Curtis a six-room bungalow at 1234 East Burnside street for $4500. B. B. Brumwell purchased from Lau relhurst Company a lot on East Forty second street near Eat Burnside street for $900. upon which he has commenced the erection of a six-room bungalow. Ernest Hohlfing has purchased from Albert E. Anderson an eight-room house on East Burnside street, near East Thirty-ninth street, for $4500. Laurelhurst Company sold Edith H. Reeves a lot at the southeast corner of Melkle place and East Couch street for $1500. upon which she Is .erecting a two-story nine-room bungalow. A. K.' Flnley purchased from W. D. Swearingen an eight-room bouse at 182 Royal Court for $5000. N. Everett purchased from the Lau relhurst Company two 50xl00-foot lots on East Burnside street, near Laurel hurst avenue, for $5000, upon which he is about to erect two beautiful new homes. Mr. Everett has operated in Laurelhurst exclusively for the past six years, having built and sold 14 of the finest houses in Laurelhurst. J. W. Farrell purchased from George W. Coover. Jr.. an eight-room residence at 1177 East Flanders street, a nominal consideration being shown. Dwight Cheney purchased from Lau relhurst Company a large corner lot on the northeast corner of East Forty first and Davis streets lor $1800. Mr. Cheney has already begun the construc tion of a nipe-room residence on this site. Bertha Maxwell sold to John E. Batie a seven-room house on East Forty-first street, near East Couch street, for $4500. .' Balldlna Mtes Transferred. Laurelhurst Company has sold to Mary A. Mahony a large lot at the southeast corner of Eatt Forty-first and Flanders streets for $1700, upon which she has already begun the con struction of a two-story nine-room res idence. - T. B. Winshlp sold to William H. Batie a seven-room bungalow on the northeast corner of East Forty-second and Burnside streets for $4500. Laurelhurst Company sold Carrie Mae Minor a large corner lot on the southeast corner of -East Forty-first and Flanders streets for $2300. upon which she is having plans prepared for a seven-room bungalow, costing $4000. O. Laurgaard purchased from Mary Hunter an eight-room bungalow lo cated on the northeast corner of Royal Court and Buena Vista avenue for $6500. Moore Bros, sold a lot on East Davis, near East Forty-first street, to J. A. Hubbell, a nominal consideration being shown. Mr. Hubbell has already be gun the construction of a two-story residence costing $5000. Evert Liisanantti sold to E. Lustick a lot at the southeast corner of East Thirty-ninth street and Hazelfern place for $1500. Mr. Liisanantti has the con tract for erecting a two-story eight room house costing $4500 on this lot for Mr. Lustick. Florence Holmes sold to G. F. Egan a seven-room bouse at - a -f Euxnfildo street for $50o0. BT LIFE INSURANCE EDITOR. THAT the various pension systems of the railroads had much to do with the proposed strikes of the employes of the steam railroads throughout the United States and the subway, elevated and surface lines ot New York City is evident from a state ment given out recently by the gen eral passenger agent of one of the big systems.. "Thousands of our men, said he. "are either at or approaching the age .when they will automatically be granted their pensions. They have for years worked faithfully, looking forward to the day when they could retire and live on tho substantial income that the company will grant them. "The strike provision in our pension rules is brief, but couched in no mis takable terms. It simply says: 'Em ployes who leave the service of the company under strike orders forfeit all claims to pension benefits.' Older Employes Affected. "To the younger men in the com pany's employ this does not mean a great deal, but the older employes those who have served faithfully and who are approaching the age when their usefulness is diminishing will think a long while before they delib erately throw away a pension that is absolutely certain to continue up to the minute of their deaths. "Many of our engineers are making $200 a month. Those in this class who have served 40 years are entitled to a pension of $80 a month any day they ask for retirement. In the heat of strike discussion the pension problem has been generally overlooked." A faint idea of the extent of the pension system may be gained from statistics published two months ago by the Pennsylvania Railroad. That line, since January 1, 1900. has paid $3,000,000 to the men of Its "Rol lof Honor." Up to date it has retired 4625 employes on pensions. Problem Is Big One. The pension problem is one of no small proportions and the question is being considered in many quarters as to which is the better ot two plans; one plan being to depend upon a cor poration for a pension, the pension be-ing'-contingent upon a long period of YEAR'S BUILDING BIG Permits for 105 Cities Are Re ported at $70,021,667. MILLIONS ARE GAINED Small Losses Are Shown by 2 0, but Great Activity Is Common iu All Sections Portland Has Business of $152,161. December completed a remarkable year In building construction. For each month of 1916 there was an increase over the corresponding month of 1915. The activity reached its maximum last July, when the gain was 83 per cent. For several months "the increase was slight, but 1916 was always on the up grade side. The closing month is mod est in its comparative showing. The official reports of building per mits Issued in 105 principal cities of the country, as received by the Ameri can Contractor. Chicago, total for De cember $70,01.667. as compared with $6.$00.6&0 for- December 1915,-an in crease of 5 per cent. The total is almost identical with that of November, and the shrinkage with the approach of Winter is somewhat less than normal. It was a successful closing of a most successful year. The showing for the year 1916 is altogether satisfactory. The complete returns received from 94 of the prin cipal cities of the country yield an aggregate of $904,071,701. as compared witri $757.99.170 for 1915. an increase of 22 per cent. Of the 84 cities 74 show gains and only 20 show losses, the lat ter in most instances, being moderate. The details of the December operations are as follows: Itne 1915 Per Kstllnalud Estimated cent Cities COM. cunt. tfuln. Akron, . O $ 64!-.115$ 5iti.4i5 . 14 Albany. N. Y. . . . lia.Oiii 34l.2:a -.V! Alltntown. Pa... llM.WKi ai.sjo 47J Atlanta, Gl 177.74t 2.V,.r.Vj oU Atlantic City . l.-4.141 44J.244 5 Baltimore, lid... I,01ri.:i3 Ciiu.MJ 1!-:: Bayonne. -N J . . . I2.j21 1J7.34S 27 Berkeley. Cal.... i5.U00- ll..i0 '5 BiliKliamton .... US.lo4 117.1'OS 1H Birmingham .... 2r..",S 140.4S5 .; Bosiou. Mass..... 5.-4U.0OO ft.r.to,tou lo Bridgeport, Ct... 4SO.S:to 701. 74) 31 Buffulo, N. Y. 1.2l7.o0 SUS.tH 3"i Canton. O.. ...... l.'.o. 310 11.70 '1 Cedar Rapids, la. 66, "H eS.O'jO 22 Charlotte, N. C. 31.2M1 Uv.SIS 05 Chattanooga .... 60.t'.H) .7Jii 34 riikSKO B.f.."J.uO 10.04i.0'" "45 Cincinnati U!S.i4r 1.11S.HO lu Cleveland S.UMi.HfO !--'5 '! Colorado Springs. SS.IUu U.iCj 2"' Columbus. 0 242. 340 130.34O til Dallas. Tex IViOolli 311.1HH 24 Davenport, la... U4.72 2t'.lV 71 Dayton. 0 341. 7i 1 1 '-." 14 Denver. Colo..... 2H,17o 12S.41U l;lo Dei Moines. Ia... l,'.'-j:i.uM( s;. ;;:.." l-r Detroit. Mich.... 3,l'o.!10 2,!;.3' 34 Dululh. Minn.... 2ul.7!'. J7-J.491 17 t. St. Louis. III.. 2.",7" lu.'tlj 13S Elizabeth. N. J.. 1X7.7!3 23o,Svs 1! Kric. Pa 132.M5 H.4..1;S -.'7 Ft. Wavne. Ind.. 447.W75 ll"5.:.0 'Jl. K1 Worth. Tex.. S1B.OK.Y M.L'IM 18 Urand Rapids 2i4 !01 ISU.kiD v:. Harrlsburg. Pa.. :t4."17.'. l!.4."o .! Hartford. Conn.. 8"t.017 SIS. V"J 4 Haverhill. Mass.. 1S1.0 3C.7..-.0O O:; Hoboken, N. J... 13.120 12.315 Hoiyokc. Mas... 17.1-0 r.7.leJ 7 Hunt ton. YY. Va. 40.!'" So.lsa 42 Indianapotla .... &L-7.v.4 44.7::ti 21 Kansas C'y. Kan. 42..' HU.5V.1 17 Kansas C'v, Mo.. 775. 350 M J :.-'." '.'' Lincoln. Neb 3!1.4S 4.0sj 72 Los Angeles. Cal. 1.47:.!73 I.0Ci.3V 44 Louisville. Ky.... 64.200 IruD.S.'io ! Manchester C.4.t31. Memphis. Tenn... 13d. 010 11u.04n '-" Milwaukee. Wis.. 6-1. 04:; 7S1.475 "JO Minneapolis ..... 4. s "2. -! 1.2S4 340 271 Newark. N. J . 77.,22. 4M.".4l"7 7.7 N.Bedford. Masa. r.2s.5tM li.lSO ii New Britain, Ct.. 1H,!MI .-'. t"t-. 41'l New Haven. Ct.. 241.HV; .3.H35 !. New Orleans.... 2M.5S0 172.SU2 45 N. Y. City. N. Y. Manhattan .... 5.127. r.SO 4.1 -'"". ." 24 Bronx jfi.t:s7 2.-G.S6 71 Brooklyn 3.23S.474 4.297.IMl '21 Queens 112,125 1.44ii"i Richmond 472.44 13.V.XO 247 Tol. N. Y. C. 10 411.6S0 12.257. 4: Norfolk. Va 107.6-' 1ft.27 4t' Oakland. Cal.... Suu.nr.'J 2(S.S23 Krt Oklahoma City.. 1HX.47S 61.S.1U 22? Omaha. Neb " 77.4i0 Vi:;.s::u 24 Pasadena. Cal... C2.T2 inl.r.72 ! Passaic. N J -.S.7iO 49.473 Pateraon. N. J... SlUMMS 2"'-'.147 4 Peoria. II! 151. 775 l;7.17t 2 Philadelphia .... ,",4rti.s5 2.7i :i.t7 102 I'lltaburg. Pa.... I.l!,ti6 2.t".."-!' "rtn Portland. Or 4"2.411 :;.: 24 Qulncy. Mass l.O.l. lCtt.2hO ... Reading. Pa - ss.7 7.1"K) 11H7 Rochester, N. Y".. B'4,2s CIT,3'o '7 Sacramento. Cal. 379. 1M J.v;. Oii9 40 Paglnaw. . Mich.. . --'ti.nin 12;.1 J13 San Antonio Ifi4t0 3"4.5) 42 San Diego. Cal.. .""..725 84.179 1.. San Francisco... l,34.47ft 1,13. !; vr San Jose, Cal.... 22.227 42.H.4 7 Savannah. Oa.... 4:,.V. C u 4 7 .ti Schonectady .... y P-.Y420 7.V990 Scranton. Pa 187.614 2.1il 1"4 Seattle. Waah.... 445.290 r.n.-..2S3 21 Sioux City, la... -.O.r.OO 165.400 '.IS Spokane. Wash.. r.s.S70 1.V120 254 Springfield. 111... tt2.73f 43.t5.iO 113 Spr'gfteld. M:tsa.. 705.r25 MHt.790 IS St Joeph. Mo... 21.0.O o7.S0 43 fit. Louis. Ho..... X573.&6J C37.8W lit uninterrupted service, while the other pension plan is for each individual to purchase bis own pension, and by so doing be absolutely independent of his employers. The latter system is fa vored by many and is more often than not provided by means of life Insur ance policies, whereby the policyholder Is practically unincumbered with re strictions as to change of position or occupation. One great fault of the pension sys tem of the Carnegie Foundation for the Advancement of Teaching has recently been explained by Dr. Henry Pritchett. president of the foundation. Drj Pritchett said In part: "While salaries in American colleges have been raised In the last. 10 years and am likely to be still further raised, the studies of the pension systems which have been a longer time in existence seme to show conclusively that there will develop In the long run a tendency to use the pension as an offset to high er salaries, so that a free pension is likely to bo paid for by him who re ceives it at a higher rate than it has actually cost. Syatena In Deplores. One sees illustrations of this today in the colleges associated with the foundation. Thus an instructor at $1500 a year who is offered $lS0O to go to another college is induced to remain where is under the expectation of a pension 30 years later, not realizing that the difference in salary will pay for the pension several times over, pro vided, of course, he actually investa that difference in some form of secur ity, a proviso, it e to be said, yiat is seldom realized." - As the matter now stands, while un doubtedly many men have benefited by the pensions offered by tho various railroads and manufacturing concerns, it is likewise true that many of tboso expecting pensions have at times had opportunities to secure positions which would give larger incomes, but nat urally, knowing that they would for feit their pensions, they were compelled to retain their old positions. Fre quently tho difference in tho incoms would have been sufficient to purchase a life insurance policy which would have granted all the privileges of a pen sion and enabled the policyholder to change his position as often as he desired. Pt. Paul. Minn.. 1.092,575 1.816.731 13 Stockton, Cal.... M.4SO 19.St; 37 Superior, tVls 10.61H1 19.2 K 4 Syracuse, N. Y. . 210.tif.", SSfl.Sfvs "It Tacoma. Waslv. . 4, IMS .".rt.tiss . Tampa. Fla f5,s:to b.":iu Terro Haute. Ind. lS.ySO 2u.Su: Toledo. O -441. 104 GSO.4.-0 l.t Topeka, Kan.... 14. 3M 1'6,7.0 Trenton. ". J.... ;o.44 71.480 1s Troy. Y . f.S.,4 -.'S.Oii 10? irtlca. Y...... tn,7."H .'.4.K.0 12 Washington l.St4,o TK r40.TM VV Wichita. Kan.... Mw. '.: lsvt;0 1T." Wilkes-Barr ... rt.nO.'.o 7t.7ti 18 Yi'ilmiiiKton, tel. l::j,'Tb l,-J'A '."J Wuoitfoiket. Ti. 1.. r-:(.v 4 :i7V,t;o Worcester, lass. ' 4;3.'t7l ''::tt .",7 lol Youngstown. o... 14t3u ood'.iu.' "3 Total $;0.01.t;7 $t0.SfO.M S SEVERAL LEASES ItEPORTED Donald , Woodward Say-S Stores Are Tukeu by "ow Concerns. Donald G. Woodward reports the fol lowing lease deals: Premises at 351 Burnside- street, to Larkin & William, for a machine chop; No. 65 First atreev to John Wyeth & Bro., of, Philadelphia, chemical manufacturers; 519 Burnside stre'et, near North Broadway, to Local Trunk Manufacturing Company; largo steam-heatd residence at 859 Haw thorne avenue, for a sanitarium: large store at, H10 First street, for restaurant purposes: double stores at 69-71 North Third street, for pool and billiard hall; 323 Third strert, opposite tho new Au ditorium, for a meat market. The brick hotel at 69 H North Third street-hSM also been placed in good order ."and leased through Mr. Wood ward, while a local contracting com pany has rallied the store at 104 First street. Mr. Woodward reports that all of the new tenants are recent arrivals in Portland, which indicates the filling up of new stores without any njero inter change of tenants. Soy-bean meal, like cottonseed meaL has a high fertilizing value. Feeding tho meal to stock and applying tho manure to the soil is the most eco nnmfrsi wv to ue M. Directcty of Prominent Life Insurance A --nca &f embers of Life Underwriter Association of Oregon ' Was. aold-aaa. Oenarat liuttir. kAIlOAal, Ufa MJ- VaiKalOJit. ' OragwuiAil ldg. H. ti. Co.loiv ilaiiagar, MASSACHUSfeTld MoiljAL LUV Chambsr of Commerce iilds. a L. Uaripuo. manager. . PCNN ML. UAL. Ll', N ortbwestcrn baalt iiaa Horace Meckiam, Manager. NEW ENGLAND MUTUAL, LUsV, . Nortiiweatera bank iiida Q. M. Slocum, Mgr.. tELIANCE LI t l.Na. CO., Pittsburg. " 20 Moraaa BlUg.. Portlaaa Or. a p. Lock wood, Vlce-Prda and Ota. Mat COLUMBIA LIFE TRUST CO. 202. btevna Ltdg. fatUs-4iroaamayr Co.. General Agaata, lal 1KAVEUH9' li CO. goa-BlO VVllcoa Bldg. K. W. Amesbury. Maaagar. NORTHW ESTERN MUTUAL Llrat INS, CO yorthwestern Bank Bids. Judd Lowrey. Supt AMERICAN CENTRAL LIKE IN a, OO. 7t Dekum Bldg. Joba Paunr. eupertiittindaat. IHt pitiJDt.ATI-AL, IKsuttANOS OtV, SOI NorUwtrn Bans Bldg. 'T. 11. ale A Ilia. cstla Mgr. UNION MUTUAL L.1J LSa. OO, Board oC Traps Bldg. Cdgar W. bmilb,' Managsr, EQUTTABid, 1.1 e K A .c. u lA- . oOOI KTT. SOS Oregonlao Bldg. State Members Portland Realty Board Tho following real estate men ara tbs 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 ia their line. If you have a real estate transaction In any of - these cities or wish information. Tito them: a tori a Astoria Harbor liap. Co. Bead J. A. Kates, itesebarg W. A. Bogard. BUILDERS' SUPPLIES and HOME SUGGESTIONS J.CENGLISH CO. LIGHTING. FIXTURES C Irvine ar) Calsa A aclary ta Couan fas sea r saVaS, U uaa.