THE . 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
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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.
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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
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FOIHTH AU OAK STREETS.
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4
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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.