THE SUNDAY OREGOXIAX, PORTLAND, FEBRUARY 18,. 1917.
SEVERAL BUILDIIIGS
ARE BEING PLANNED
LANDMARK, WHICH HAS SERVED AS STABLE FOR 3.3 YEARS, IS TO BE REPLACED BY NEW
STRUCTURE, PROBABLY NAT ATORIUM OR GARAGE.
LIFE INSURANCE IS CARRIED
TO MEET INHERITANCE TAX
Plan Saves Necessity of Sacrificing Securities on Unfavorable Market to
Meet Requirements of Law, and Inroads Into Estate Are Avoided.
IN PORTLAND BIG
10
NDUSTnlAL GROWTH
Portland Stove Works 'and
Packing Company Deals
Most Promising.
RAPID EXPANSION MADE
Business Founded Way Back In
18 80 by John Montag, United
States Marshal, Looms Large
on Horizon of Trade Needs.
Concrete evidence that industrial ex
pansion is taking place in Portland on
a large scale was furnished late last
week when two important factory com
panies, the Portland Stove Worlcs and
the . Oregon Packing Company, pur
chased factory locations and buildings
In the Kenton factory district.
It also developed yesterday that the
officers of the Oregon Lumber Com
pany, backed by the wealthy Eccles
interests, are considering the McCor
mick properties at St. Helens, with the
idea of locating' a large sawmill at
that point to handle the timber pur
chased in the recent J4.000.000 deal
with the DuBois Lumber Company.
By the terms of a deal closed yester
day the Portland Stove "Works "became
the owners of the property of the Pa
cific Coast Safe & "Vault - Works, con
sisting of three acres of ground with
a modern brick and stone factory build
ing of two stories and complete base
ment covering land 480 by 110 feet in
area, located at Columbia boulevard
avenue and Derby street, in the Center
of the Kenton factory district, along
the Derby-street approach to the new
interstate bridge. There is also a
foundry building on the newly acquired
property.
Stove People Get Big Building.
It was announced a week ago that
the officials of the Portland. Stove
Works had decided to locate their pro
posed new plant on their own property
along the Linnton road "below Indus
trial Center, where the construction of
several buildings was planned. The
new arrangement gives the stove fac
tory a large building that can be used
at once and the officers of the company
are now preparing to move their offices
and machinery to the new premises,
with the prospect that they will com
mence operations there at once on an
enlarged scale.
The Portland Stove Works was
founded by John Montag, United States
Marshal, its present owner, in 1880,
since which time it has been located
on Hood street; in South Portland.
From a small beginning the business
of the company has steadily forged
ahead until the company has now be
come one of the leaders in its line In
the entire West and its products find a
ready market along the Pacific Coast
from Mexico to Alaska and from the
Rockies to the Pacific Ocean.
Rapid expansion of business and ter
ritory has made necessary the doubling
of the plant. The Portland Stove Works
manufactures all kinds and complete
lines of cooking and heating stoves and
ranges and is now completing patterns
for a combination gas, coal and wood
stove that will soon be placed on the
market. Approximately 100 men will
be employed in the new quarters. The
officers of the Portland Stove Works
are Ralph T. Montag. general man
ager, and John W. Montag. Jr., general
superintendent.
Packing Company Busy.
On Friday it became known that the
officers of the Oregon Packing Com
pany had closed an option by purchas
ing 'eight acres of land adjoining the
new plant of the Portland Stove Works
and embracing the factory building
formerly operated by the Ajax Auto
Traction Company.
R. D. Fontana, manager of the Ore
(ton Packing Company, announced that
a permanent factory building of rein
forced concrete or brick construction
will be built on the newly acquired
property. He said approximately $75.
000 would be spent on the new struc
tures and it is understood that the com
plete Investment in buHdings and ma
chinery will be between $150,000 and
$175,000. making the ultimate cannery
the largest in Oregon.
The Oregon Packing Company op
erated formerly at East Eighth and
Belmont streets, in this city, but labor
troubles caused the company officials
to remove to Vancouver, where last
year's fruit crop was handled. The
option on the Kenton factory site was
taken about a year ago, but Mr. Fon
tana deferred making the purchase un
til the Oregon law restricting the hours
of labor in cannery plants was amend
ed to exempt canneries. The Legisla
ture passed such an amendment la.st
week and Governor Withycombe gave
assurances that the bill would be
signed, folowing which the Kenton
property was purchased. At the time
the option was taken $25,000 was given
as the value of the property, which
was owned formerly, by the Kenwood
Land Company. Because the canning
season opens in May, it is hardly re
garded as possible that the new plant
will be in operation this year.
The visit paid St. Helens Friday by
David C. Kccles, Charles T. Early. Ray
mond B. Early, officials of the Oregon
Lumber Company, together with Paul
C. Bates, of Portland, Charles R. Mc
Cormick, of San Francisco, Hamilton
McCormick, of St. Helens, and Mr. Mer
riman, of San Francisco, has given
force to a report that the proposed new
Eccles sawmill will probably be lo
cated in St. Helens.
The three last named are principal
stockholders in the McCormick prop
erties, which include extensive prop
erty along the waterfront in St, Helens,
which would prove a splendid location
for the proposed Eccles mill and docks.
The McCormick interests also have a
logging road extending from St. Helens
well toward the 27,240-acre tract pur
chased recently by the Eccles interests.
PIEDMONT SALE TO BE PUSHED
Agency for District Is Taken by
M. E. Thompson.
Announcement was made last week
that M. E. Thompson, a wen-Known
dealer in real estate, loans and insur
ance, has been appointed selling agent
for the big Piedmont tract, which is
owned by the Investment Company in
which E. Quackenbush, the Ladd
Estate, and T. B. Wilcox are interested.
The new selling arrangement became
effective on the day that the interstate
bridge was opened formally, an event
significant in view of the wholesome
influence it has upon the Piedmont
district.
Piedmont embraces about 300 lots
yet unsold and about a like number of
homes already built and occupied. The
beautiful Peninsula Park adjoins the
addition on the .west side. Portland
boulevard on the north side and the
Interstate Highway on the west. Mr.
Thompson is establishing two branch
offices on the tract and will devote
all of his attention henceforth to the
Piedmont district exclusively.
v- Vf-V r. :-Krrtjt4!frTv,;.
ssjAivxaM aft
HISTOKICAL FRAZIER A M'LEAJI
Increase for January Over
Year Ago 6 Per Cent.
MATERIAL COSTS MORE
Figures Gathered From 106 Cities
In ' Vnited States by American
. , Contractor Portland Has
3Iade Good Showing.
An 11 per cent Increase in the total
estimated cost of buildings, permits for
which were issued" , in January in 105
principal cities of the country, mnst b
regarded as an altogether favorable in
dex to business in construction work,
the comparison being marrte with Janu
ary last year. The number of permits
is 14.227, which compares with 13,379
for January, 1916, an increase of 6 per
cent. Assuming the average size of
the structures to be the same as last
year, the gain in volume is thus , seen
to be made up in part in the increased
number of buildings and In part in the
increased cost of building, as compared
with a year ago. No doubt both factors
exist in the statement.
There have been some additional ad-
vances in the prices of building ma
terial during January and the relatively
high costs have no doubt induced some
prospective builders to delay actual
work temporarily. The present volume
of construction work seems to "repre
sent in large measure that for which
there is urgent need. And that work of
that description exceeds by a very sub
stantial margin the entire operations
of a year ago bespeaks an expanding
volume of general business. .
The actual official figures for these
permits. Issued in 106 cities in Janu
ary, as received by the American Con
tractor. Chicago, total $55,910,349, as
compared with $50,490,041 for January,
1916. There is the usual diversity in
the individual showings, 6Uof the cities
showing gains and 44 losses in the com
parison. Both New York and Chicago
enter the new year at a slackened pace,
but many of the other larger cities are
breaking the earlier record. The de
tailed statement follows: a
Jan. 1!17 Jan. 191fl
Estimated Estimated Percent
City "nt. Cost. Oain. Loss
AKron f SfiO.TXS S "K8.430 4
Albany. N. Y. l'74.1.sri 114.rH5 13l ..
Allentown .. lr.or 10.?45 2
Altoona .... 21.0i3 4.!S2 323
Atlantic City 183. H70 180.S71 2
Auburn 14,ftoo 3.ttoo 314
Baltimore .. 1,11S.119 A4S.210 18 ..
Bayonne .... 70.13 225,fi3 .. 44
Berkeley .... 140.fr,0 S4 soft lis
Blnghamton . 14."i.ll.'t 75,700 92
Birmingham. 123.51S 272,611 .. 53
Boston 7.37.".(H 4. 300,000 71
Bridgeport . 180.2HO 3H2.276 .. K4
Brockton ... ,37.. ins fto.n'iO .. 2fi
Buffalo .... 2K.i.0O0 D10.0OO .. 44
Canton 13S. 250 71, 723 92
Cedar Rapids 4S.0O0 f.7.000 ... S
Chattanooga. 40. 010 O0.3O0 .. 2.",
Chicago .... 4.807.7OO 8,118.200 .. 40
Cincinnati .. HOO.lor, 44r.K,t5 37
Cleveland . . 1,3KB, 240 l,S0O,8O5 . . 13
Colo. Springs 2,5i5 11,984 422
Columbus .. 137,010 223,415 .. 30
Kallas 007.477 771,(130 . . 21
Davenport . . 43,lir5 27.57K 58
IJayton 2:13.104 11S.B45 101 ..
Denver 90,370 141, 2io . . 32
les Moines. 242.907 115.04 110
Detroit ..... 3,222.785 . 1,979,410 3 ..
Duluth OB.Ortj 113,733 . . 15
East Orange. 105.422 0S,.'3 70 ..
E. St. Louis. 27.025 5.885 359 ..
Elizabeth ... 56,l3it 455.088 .. 87
Erie 194.380' 110,171 67 ..
Evansvllle .. 14,255 31.802 190
Kort Wayne. 2,2.r0 04,250 .. 3
Fort Worth.. 97,980 91,137 7
Orand Kapids 207,035 118,455 75 ..
Hartford 1.UO0.0S7 235,978 57,8 ..
Haverhill ... 41,300 25.2H) 4
Hoboken ... 20.490 15.025 31
Indianapolis. 370,995 342.910 10 ..
Jacksonville. ti.012 ' 123. 790 .. 47
K C Kansas. 77.230 23.5.10 207
K C Missouri 750.95O 444.575 70 . .
Lincoln 24.855 53,945 .. S3
Los Angeles. 4,709.235 1,078,724 118
Louisville .. 8K.170 178.980 .. 61
Manchester . 53.1 20 50.084 5
Memphis ... 208,850 180.S0O 44
Milwaukee .. 298,137 2.482,792 .. 88
Minneapolis . . 263,485 ' 586.304 .. 55
Montgomery. 9,400 57,319 . . 83
Newark N J . 508. IDS 359.30.1 41
New Bedford 30.300 204.770 . . S2
New Britain. 40,790 89.70O .. 54
New Haven. 105.855 075,008 ,. 75
SCHOOL BUILDING TO COST
BUILDING GAIN MADE
t
i: ' . 1 .tali: IT-1-' r ' i I
FRONT ELEVATION OF STRUCTURE AS PLANNED BY OFFICIAL ARCHITECTS, CLAUSSEN A CLAUSSEN.
A Portland firm of architects. Claussen & -laussen, was commissioned last week to prepare plans for
a proposed school buildi-g to be erected this season at West Linn, in Clackamas County, directly across
the Willamette River from Oregon City. Bonds to finance the construction of the building are to be voted
on at an election set for March 10. Inasmuch as the heavy property owners and taxpayers in the com
munity have already expressed themselves heartily in favor of the school, there seems little doubt but
"that the building will be erected according to programme. ,
The plans call for a building of hollow tile with stucco finish. lae over-all dimensions of the struc
ture will be 102 bv 90 feet. There are to be four standard classrooms, a main corridor for marching
drills, 30 by .0 feet in area, and an assembly hall, 40 by 38 feet, with space for a stare and various
ante-rooms. The building will cost about $14,000, and is to be known as the Sunset School. The architects
hope to have the building completed by the opening of the Fall term, providing the bonds are voted on
March 10. The plans are patterned after those which governed .the construction of the Milwaukie
School, which was erected under the direction of the same architects.
i .2
STABLE, FIFTH AND TAYLOR STREETS, WHICH 19 TO BE VA-
CATED MARCH 1.
New Orleans.
N Y City
Manhattan
llronx ....
Brooklyn .
Kichmond.
Total
NIagTa Falls
Norfolk ....
Oakland ....
Okl'ma City.
Omaha .....
Pasadena. . . .
Passaic ....
Paterson ...
Peoria
Philadelphia.
Pittsburg ...
Portland. Or.
Pueblo, Colo.
Qulncy .....
Iieading ....
Rlchm'd. Va.
Rochester . .
Ka-inaw
S. Lake Ciy.
Pan Diego. . .
S. Francisco.
San Jose ...
Savannah . . .
Schenectady .
Seattle
Sioux City. . .
South Bend.
Spokane ...
Springfield. .
Illinois ...
Springfield.
Mass. ....
St. Joseph . .
St. Louis . . .
St. Paul
127.939
C.915.005
8i7,:i27.
2,340.907
221.910
9,301.149
17.225
122.542
432.974
137.345
192.835
112.874
03.3S5
88.382
107.280
2.144.03O
735.123
272.335
207,502
81.. 'to.-,
24.02.-.
623.O05
470.373
1 1 .OOO
24.500
197.128
1.622.472
40.514
49.340
30.880
5O0.225
13ft, 2K)
1 04. (132
38.555
23.870
. 32O.430
85.7118
2.280.844
313.MSO
140,909 .. 13
5.710,019
1.801,158
3.012.343
1O0.1O1
10.6X9.621
42.225
148.222
248.4118
103.350
177.275
77,882
43.2KO
141. 78S
1 16. 9O0
1.859.O90
344.944
109.375
21.030
79.875
11.750
3O0.5H2
740.5OO
4.075
178,202
12S.5.-.4
947.551
20.007
r.1,930
57.950
230.040
42.20O
50
22
13
59
17
74
33
9
45
40
38
8
15
113
61
104
107
37
80
17
71
102
5
47
112
220
1 1.25H
G6.355
92.150
74
325.815 ..
10.990 680
644.191 255
423.198 ..
18.222 300
q.955 119
219.715 ..
33,1.-4 137
22.535 53
Stockton
Superior ....
Syracuse
Tacoma ....
Terre Haute.
Toledo
Topeka .....
Trenton ....
Troy
tTtlca
Wichita ....
Wilmington .
Worcester . .
Youngstown.
K.'t.OlO
1 5,:
105,
20
240
78.751
34,395
1.032.107
32.175
r.:t.3l
33.715
3O.750
2OO.0O5
208.801
201.538
1 ttOVUMO
BOO. 875
29.1 IO
3H.812
207. 9115
84
IO
45
77,135 ..
34.800 494
203. 708 . .
SOB. 185 ..
90.345 76
Total
.$56,182,684 $50,059,416 11
Gain of 1136 per cent; "gain of 1359
per cent.
MOOSE TO ACT ON HOME
FINAL DECISION ON PLANS EX
PECTED ON WEDNESDAY".
Lodge Building: at Konrtta and Taylor
Street, to Cost 40,0O to
.-0,0(Hi, Is Projected.
It is understood that final plans for
the proposed new home of the Moose
Lodge to be erected on the lodge
property at the nort,hwest corner of
Fourth and Taylor streAs will be acted
upon at the next meeting" of the lodge
on Wednesday evening.
The property, which was purchased
by the order two years sgo, is L.-shaped
with' 68 by 100 feet on the corner, and
a wing at the rear 32. by 45 feet in area.
Some time ago the building commit
tee designated Iloughtallng & Dougan
as the official architects. Plans in
their present state call for a three
story building with space on the
ground floor for five stores, and with
quarters for the lodge and social rooms
on the two upper floors.
It is understood that the building is
to cost between $40,000 and $50,000 and
that It will take about six months to
build. Construction work will proba
bly commence at once.
Plans drawn by MacNaughton & Ray
mond have been filed at the City Hall
covering repairs and alterations to be
made in the Lilly Seed Company's dock
along the river between Morrison and
Yamhill streets. The contract for the
work has been awarded to Muir & Mc
Clelland. It is estimated that the im
provements will cost about $4000. The
present structure collapsed about a
month ago.
Snake Power Iam Proposed.
. LEWISTON, Ida., Feb. 17. (Special.)
A committee comprising some of the
most influential business men of Lew
iston has been appointed by the Lewis
ton Commercial Club to promote and
encourage the construction of a power
dam In the Snake Kiver at Lewiston,
which Is to facilitate navigation over
the rapids and will generate electric
power sufficient to furnish this entire
portion of the Inland Empire. The
committee will work in conjunction
with the War Department, and is com
prised of the following members:
Jamees K. Babb, George W. Tannahill,
Frank Thompson, E. A. Cox. W. E.
Howard. W. F. Kettenbach. Frank W.
Kettenbach. E. M. Ehrhardt. H. L.
Powers. William Thompson, C. F. Os
mers, R, C. Beach, A. K. Clarke, rr.
J.-B. Morris and John T. Ray.
$14,000 IS PROPOSED FOR WEST
- - -1- - ' . In
TW - jus! j
J !
CITY AND FARM TRADED
PORTLAND HE A LTV INVOLVED IX
. DEALS FOR RANCHES.
lOOO Acres of Gilliam County Land Go
- to Lenta Man C. E. Bold Trans
fers Country Place.
Portland real estate dealers and Port
land property were involved In two of
the more important farm property
transactions consummated last week.
By the terms of a deal negotiated by
L. K. Moore and E. W. Elrod, of Port
land, D. L. Filley, of Lents, becomes
owner of a Gilliam County wheat ranch
of more than 1000 acres, situated on the
famous Shutler Flats. Together with
the stock and equipment the place,
which was formerly owned by W. J.
Duggan. is .reported to be worth $36.
OdO. In exchange for the wheat ranch
Mr. Duggan accepted title to various
holdings In Lents, understood to be
worth about $27,000. A mortgage ex
isting against the ranch balanced the
transaction.
The beautiful 106-acre country place
of C. E. Bolds on the Sertoli's Ferry
road, about 13 miles out of Portland,
has been transferred to il. J. Valentine,
of Portland, at a valuation of nearly
$20,000, which includes the residence.
Darn ana otner Improvements valued at
between $50150 and $8000. About tl2.-
000 of the consideration was tendered
in Portland property, the balance being
cash and mortgage. This exchange wag
handled by L. K. Moore and the Luedde-
mann Company.
A deal has been nut throueh bv M.
Fitzmaurice for the Wayne Grlder
ranch, which was bought by R. C. Jones
and Emmett Pryor, of Mayvtlle. reports
the Condon Times. The ranch com
prises 1113 acres of wheat land, part
joining the town. There Is a nice bun
galow, large barn and plenty of water.
The boys get immediate possession, and
will get In as much grain as pojsible
tnts bpring.
1 e 1 1 1 Conner nas Dottgnt tne McNelly
place of 38 acres, on Jolly Plains, pay
ing $216 an acre, says the Hillsboro
Argus. This is one of the best nlace
of its size on the Plains, and adjoins
the present Shaner home. Shaner Is
known as a good ranchman, and ex
pects to make the place pay for Itself
in a few years.
RISLEYS GET BUILDING
BROADWAY. STni'CTlHB REVERTS
SI TO OWNERS OF LAND.
Judge O. HLsley Acquired Property
, Bark In 1853-3 Remains Intact for
Family and H. i. Starkweather.
According to the stipulations of a
transaction announced yesterday, pos
session of the Broadway building, a
10-story modern office building located
on the northwest corner of Morrison
street and Broadway, reverts to the
owners of the property on which the
structure stands, J. F. Rtsley. C. W.
Risley and H. G. StarKweather, of Mil
waukie. The Multnomah Security Company,
composed of A. I. Blitz, Max Hirsch
and Fred H. Rothchild, erected the
Broadway building In 1813 under a 50-
year ground lease from the owners of
tne ground. ine building cost in the
neighborhood of $175,000.
Ownership of the land on which the,
Duitaing stands nas oeen in the Risley
family since 1853, when Judge O. Ris
ley acquired it. The deal whereby J.
F. Risley, C. W. Risley and H. .
Starkweather assume possession of the
building and wipe out the lease' of the
ground was handled through E. M.
bherlock. who has been acting as man
ager of the building and who will con
tinue to conduct it for the new owners.
Every foot of space in the basement,
first and second floors is now rented.
Mr. Sherlock reports, and about 90 per
cent ot tne orrice space is occupied.
LINN, CLACKAMAS VJOUNTY.
Improvement of Old Frazier &
McLean Stable Site Most
Important Development.
CLUB MAY COST $100,000
Twohy Bros. Putting: Plant for
Manufacture of Railroad Cars
and . Garage for Thomas
Prince Week's Big Items.
The most interesting as well as the
most Important building announcement
last week came from Ellis McLean and
Charles R. Frazier. owners of the fa
mous old stable building covering more
than a quarter block at the southeast
corner of Fifth and Taylor streets, one
block north of the County Courthouse.
This old landmark, which has been
housing horses for more than 33 years,
is to be torn down immediately to
make way for the construction of a
natatorlum, to cost $70,000. a modern
garage building or perhaps some other
type of structure yet to be fixed by the
owners of the property.
A number of times suits have been
filed with the aim of having the old
stable condemned on the theory that It
was dangerous and In violation of san
itation and health rules, but each time
the city health and building officers
have been unable to force the destruc
tion of the building because of some
defect. in the ordinance prescribing the
manner of condemnation.
Tremendous Trade' Done.
More horses have been bought and
sold In the Frazier & McLean stable
than in any other barn on the Pacific
Coast, It issaid. When the Spanish
American war broke out in 1898 the
first contract closed at this stable
called for the delivery of 10,000 head
or horses. The stable was operated
originally by the firm of Ooddard &
Frazier. Mr. McLean purchased the
Goddard interests in 1898.
Mr. Frazier left last week for Cal
ifornia to inspect the most modern
natatoriums with the purpose of Incor
porating the newest ideas in the pro
posed Portland natatorlum. Thus far
the plans are in a tentative state only.
Mr. McLean said yesterday that a
tank 60 by 90 feet in area was sug
gested for a one-story brick building
covering the entire property. Both Mr.
McLean and Mr. Frazier are determined
to improve the corner with a building.
They will vacate the, stable March 1.
Madison Corner Transferred.
Title to the northwest corner of
Fifth and Madison streets was tendered
to T. J. Seufert toward the purchase
consideration of the Henry building, it
developed last week. "When the sale of
the Henry building was announced It
was known that other valuable Port
land property was concerned In the
transaction, but the location of all the
properties was not made public. The
land at Fifth and Madison streets,
which is covered partially by an old
residence, is valued at $50,000. accord
ing to the figures of County Assessor
Reed. It is located diagonally across
Fifth street from the City Hall, and is
one block south of the Courthouse.
C'lubkoune May Coat 9100,000.
Those in charge of the plan to have
a large Laurelhurst club building
erected adjoining the present club
house report that the proposed new
building may cost nearer $100,000 than
$40,000. the estimate given out several
months ago when the project was first
launched. W. W. Lucius and Charles
B. Martin, the architects, are preparing
plans for the larger building, and ex
pect to have their work in shape so
that the ground may be broken soon
after May 1. The building, as now
planned, will include a gymnasium, to
cost $15,000; large and small dancing
rooms, a swimming pool. billiard
rooms and bowling alleys. The larg
est ballroom is to be 80 by 100 feet in
area. It is estimated that the club
house will cost $70,000 and the furnish
ings $10,000. with the gymnasium and
grading and excavation expenses bring
ing the total cost nearly to $100,000.
Factory Bulldlnga Starts.
A building permit was Issued last
week to Twohy Bros., authorizing the
construction of a building at 219 East
Sixtieth street North, to serve as a fac
tory for the manufacture of railroad
boxcars. The first building, which is
to be followed soon by another similar
structure, will cost In the neighbor
hood of $10,000. The site is bounded
by East Fifty-fifth streetv. East Six
tieth street North. East Irving street
and Sullivan's Gulch. Four buildings
now stand on the Twohy property, and
It is expected that the two new factory
structures will be in operation In July
or August. The plans were drawn by
Martin Schacht and the contract is
being handled by LeDoux & LeOoux.
Two Uaraaea Under Way,
The Oregon Home Builders took out
a building permit last week for a pub
lic garage building to be erected for
Thomas Prince at 209 Tenth street at a
cost of about $12,000. A permit was
also issued to the Y. M. C A. authoriz
ing the erection of a one-story garage
and automobile school building at 241
Sixth street, pursuant to plans drawn
by MacNaughton & Raymond. The
probable cost of the latter building is
cited as $7500.
SHOWHOUSE PROPERTY SOLO
Missitsippi-Avenuc Realty Deal Said
to Involve .$16, OOO Cash.
Through the office of J. F. HilL
property 100 feet square situated on
Mississippi avenue, between Beech and
Failing streets was sold last week by
J. V. Tamiesie and J. F. Wilson to
William Thorn and L. J. Hartoln.
The property is improved with a one
story brick building occupied in part
by a moving-picture show and by a
grocery. The sale is reported to have
been made strictly as an investment
and for $16,000 cash.
Vegetable silk, which. like silk cot
ton, is only suitable for stuffing. Is
made from the covering of the seeds
of a Brazilian tree.
The National Life of Vermont, since its organisation in 1S50, has been grow
ing old without ageing. One of the earliest of American life insurance com
panies, the National has maintained a progressive leadership by originating
some of the most important Insurance reforms of the last half century.
For example . J
The lava of allowing cash surrender val
ues a practice that did not become seneral
until comparatively recent years') wa
adopted by the National Life in 1R.-.2 J8
years before any state of the Union1 re
quired bv law the payment of a cash value
on the surrender of a policy.
This act of the National Life of Vermont
pioneer. In iulnr an "Insurance Bond"
endorsing In the policy non-forfeiture valuev.
This act of the National Life ot Vermont
Men and Women of Good Character Wanted as Agents
Wm. ! Goldman, General Manager, 209-210 Oregonian Building
BT LIFE INSURANCE EDITOR.
ANEW note has been heard lately
in financial circles. , One hears
nowadays more than occasional
reference to policies, premiums and
dividends. Every once in a while
some man of wealth is heard to dis
tinctly, unhesitatingly and unblush
ingly mention life insurance.
There have been at least a score of
Instances In the last few months where
life Insurance has been augmented to
$1,000,000 or over. One notable case
was that of H. P. Davidson, of the
firm of J. P. Morgan & Co. There
has been considerable conjecture as io
the amount of life insurance carried
by the late George C. Boldt, propri
etor 'of the Waldorf-Astoria, in New
York, and the Bellevue-Stratford. in
Philadelphia It is now stated on good
authority that Mr. Boldt carried ap
proximately $700,000 in life insurance
policies.
Proa aerify la Responsible.
Of course, the present era of pros
perity may be responsible for the del
uge of applications for large policies,
but officers of companies claim that
there is also another reason. This
reason lies in the inheritance tax. In
the majority of states legacies for re
ligious, charitable and educational pur
poses are exempt from this tax. but
the remainder of the estate cannot es
cape. Frequently it is necessary for es
tates to dispose of securities to a great
disadvantage and monetary loss in or
der to secure ready cash to pay
state inheritance taxes. For this rea
son, many men of wealth are taking
large lines of life insurance so as to
have ready at their death sufficient
cash to pay Inheritance taxes and
otherwise leave the estate practically
Intact. Attention has also been called
to the " fact that money left In the
form of life Insurance policies does not
fall under the inheritance tax laws.
Therefore there Is a double advan
tage. Controller Travis, of the state of
ALCOHOL BEING STUDIED
PL AX IS TO MAKE KIEL FROM SAW.
DUST NOW WASTED.
Katlmate la That Increasing Demand
for Automobile Power Can
Bo Partially Supplied.
MADISON. Wis., Feb. 17. The devel
opment of sawdust through the newest
scientific methods, into a true grain
alcohol which can be used as a fuel for
automobiles is now being worked out
on the Canadian side of the Interna
tional boundary, according to officials
of the Forest Products Laboratory of
the Federal forest service in tihs city,
which was a pioneer in this line of ex
perimenting. "I am inclined to think, however."
said Howard F. Weiss, director of the
American Laboratory, "that the Cana
dian forester who prophesies that Canadian-made
alcohol will eventually be
distributed through underground pipes
like city gas, is a little too enthusiastic
In his views. He is. however, on the
right track in the development of alco
hol as a motor fuel."
With approximately 3,000.000 motor
vehicles doing duty in the United
States, from 1,000.000.000 to 1.200.000.000
gallons of gasoline have to be provided
annually to keep them running. There
are unmistakable signs that the pro
duction of this enormos volume of
gasolina. will become increasingly diffi
cult and as a consequence there is in
the minds of many automobile engine
students the vague thought that gaso
line, while the fuel of today, may have
to give way to some other product to
morrow. Although the calorific power of al
cohol is little more than one-half that
of gasoline, its greater efficiency
alcohol 28 per cent: gasoline 16 per
cent compensates for this.
The only serious difficulty encoun
tered would be the starting of the en
gine in cold weather, and this could
be provided for by carrying a small
auxiliary gasoline tank to be used in
starting.
Of all the possible sources, the most
Interesting, owing to the low cost of
raw material, is the- waste from the
lumber industry, particularly that in
the form of sawdust or small chips.
This material In the vicinity of saw
mills or woodworking plants is often
an Item of loss owing to its production
in excess of their own power require
ments, its value never rising above 50
cents a ton, even when used as a source
of power. The disposal of this super
fluous waste costs from 30 cents to 66
cents a cord of 1800 pounds, the total
annual loss from this cause amounting
to about $6,000,000 annually. In addi
tion to the value of the wood so
burned.
More careful saving of the waste in
the forests can easily double the
amount of wood which can be converted
Into alcohol and thus eventually meet
this question of motor car fuel.
EDWARDS GIVE BONOS
FIRMTIRE COMP.tXY DIVIDES
PROFITS WITH EMPLOYES.
January Shares Are From -" to 923 for
Kach Person Firm Head Says"
Workers Strive Harder.
The profit-sharing policy which has
worked out so successfully In the large
manufacturing plants of the country
seems to be gaining favor with the
heads of more and more successful re
tall establishments. The firms which
have adopted the profit-sharing sys
tem have found it possible to acquire
and retain a more Intelligent and loyal
working force whose Interest in the
welfare of the business is not meas
ured alone by the weekly wage.
One nc table example of the profit
sharing plan-In Portland is that of the
Edwards Furniture Company whose
dividend to employes for the month of
January amounted to quite a tidy sum
In the aggregate, averaging from $5 to
a.
ha been called "the grandest step In fair
uwiiiik in wie nuiory 01 me insurance.
As-aln the National led in allowing; tha
insured upon surrender of his policy to
select either extended Insurance. . paid-up
insurance or a cash value payment
The National practices 'retroaction. The
policyholders of the .'5s are receiving the
benefits of modern policies. You don't have
to bj a prophet when, you inmjre In the
National your policy will always be kept
ut to date.
New Tork. states that inherltaiico
taxes collected for the year 1916 will
probably reach a total of $10,000,000.
The total for 1915 was $8,263,000. Fol
lowing is a list compiled from the rec
ords of the Controller's offioe- showing
the taxes collected for the present fis
cal year from a group of large estates.
Estate or
Charles W. Hsrkness
Kllen Jsmes
Seymour It. Knox ...
Jnm"S H. HaHKln ...
Herman Fraj.cn. .....
Jacob Ruppert
William A. Read . . . .
Helen C Jullliard . ..
Kdward R. ltacon ...
Margaret S Fostley ,
. .$1.S00.0OO
. . 1.10O.0OO
o7J.7S3
R4A.431
134.0"0
135, OOO
3 0.0H
96.2T
Mrs. hrank leicile
H4.0O0
Frederick H. Eaton 74.0OO
David II. Kins 63,000
It Is probable that the estate of
Mrs. Charles W. Harkness will be com
pelled to forfeit $500,000 in taxes. The
years of 1912-1913 were particularly
profitable to New York state so far as
inheritance taxes were concerned, for
in 1912 the state received $12,153,188.
The following year the total , amounted
to $12,724,236.86.
Prominent Names Listed.
In 1913 on the list subject to the
tax were the estates of John Jacob
Astor, Anthony N. Brady. J. Pierpont
Morgan. .George W. Vanderbilt, D. O.
Mills. Charles E. Appleby. George
Westinghoase. Benjamin Altman. L. 1L
Severance. James R. Keene. George A.
Hearn. Edwin Mawley. Henry M. Flag
ler and Isaac V. Brokaw.
ai is interesting 10 note inn mo
largest Inheritance tax paid since the
enactment of the law in New York
state was $3,150,000. on the $87,000,000
estate of Colonel John Jacob Astor.
The tax on the estate of Anthony N.
Brady amounted to $2,584,000.
The larger the estate the greater is
the rate of taxation, and. unless a
large sum of rash is available, or the
market favorable to the disposal of
securities at an advantage, inroads of
considerable magnitude are invariably
made by means of the inheritance tax.
$25 a person for the month. The Indi
vidual dividends are larger than here
tofore, and aside from demonstrating
the effectiveness of the system intelli
gently applied, is a fair gauge try
which to measure the returning pros
perity of Portland's retail merchants.
It has long been Mr. Edwards' am
bition to putainto effect a system
whereby the employes would feel that
they have a real Interest in the busi
ness, and an incentive to self develop
ment for the general welfare, a system
whereby, said Mr. Edwards yesterday,
"each worker would be inspired to do
those things which he has to do to the
best of his ability, without superin
tendence or executive direction, and so
faT as possible on his own initiative."
Mr. Edwards' plan is based on the in
creased earnings of the business as
well as on the "merit plan." which has
produced splendid results in Improv
ing the "esprit de corps" as well as de
veloping the resourcefulness ami en
thusiasm of the younger workers.
Iolk Farmers Prosiiorotis.
BUENA VISTA. Or., Feb. 17. (Spe
cial.) After a season of uncertainty in
the dairy improvement outlook, farmers
In South Polk County have again taken
hold of new plans, and new dairy barns
and the additions of sheds are num
bered among the improvements. Silos
are greater in number than ever before,
and a variety of green feed Is stored.
According to creameries at. Independ
ence and Monmouth, which handle vast
quantities of cream from thia district,
the list of farmers who receive checks
above the $100 mark is considerably
extended.
I-'atlier Nf-Ils Farm to Sons.
NEJS PERCH, Ida.. Feb. 17. (Spe
cial.) Jefse K. Turner has sold his
1440-acre ranch, located three mlls
from Net Perce, to his three sons, Fred.
Arthur and Floyd, the consideration
being $lfH.00f. This land will supple
ment other large tracts owned by the
Turner brothers, so that they will now
farm about ::Hn acres. Their 1916 crop
brought them $65,000.
IjC Iston Potato Prices Climb.
LKWISTON. Ida.. Fob. 17. (Special.)
The recent flurry In the potato mar
ket has caused many potato buyers to
enter this district. Prices have been
boosted t r $?.2r per htindre!.
Directory) of Prominent
Life Insurance Agencies
Members of Life Underwriters'
Association of Oregon
Wm. Goldman. General Manseer.
NATIONAL LIFE OF VERMONT.
Oreiconlan Bids.
H. 5. Colton. Manaa-er.
MASSACHl'SKTTS MUTUAL LIFE.
Chamber of Commerce Hlds".
K. 1 Harmon. Manager,
PK.VN MUTL'AL. LIKB.
Northwestern Hank Bids
H irare Mecklem. Manager.
NEW KNGLAND .MUTUAL, UFE.
Northwestern Hank H!dg.
G. f. Slocura. Mgr..
RELIAKCK I.IKE INS. CO.. Pittsburg;. Pa.
'' Morgan Hldir.. Portland. Or.
S. P. Lock wood. Vice-Pres. and Gen. Mgr.,
COLUMBIA T.IKE & TRUST CO..
1'ii'J Stevens. Bids.
I'ettis-Grossniaver Co.. General Agents,
TKAVKL.KKS INSURANCE COMPA-jV,
.til.V.tlO Wilcox Bids.
K. W Amepburv, Manaa-er.
NORTHWESTERN MUTUAL J.IKE INS. CO.
Northwestern Bank Blda.
Judd T.owrey. Supt.,
AMERICAN CENTRAL, LIKE INS. CO.,
, 719 Uekum Bids'.
John PMuer. Superintendent.
TUE PRUDKNTI7AI. INSURANCE CO.
6H1 Northwestern Bank Bids.
" T. H. McAllls. State Mirr.,
UNION MUTUAL MFK INS. CO.,
Board of Trade Bids;-
E lirar W. Smith. Mnnafrer.
EQUITABLE T.IKE ASSURANCE SOCIETY,
30tl Oreffonian Bids;.
State Members
Portland Realty Board
The following real estate men are
the accredited members in their re
spective cities of the Portland
Realty 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 cities or
wish information write them:
Astoria Astoria Harbor Imp. Co.
Uenil J. A. Estes.
Koaeburg W. A. Bogard.
BUILDERS' SUPPLIES and
HOME SUGGESTIONS
J.C.ENGLISH CO.
LIGHTING
FIXTURES
E. Irving and Vales A venae,
factory to nniDmrr.
Phones E 1245, J
m
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