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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 8, 1907)
V TIIE OREGON DAILY JOURNAL, PORTLAND," WEDNESDAY I EVENING, MAY 8, 1G07. ... e TARTMMG How Oregonians Are ' Speedily Turning Their Single Dollars Into Tens and Their Hundreds Intd Thou 1 i sands by Corralling the : Timber Lands s of the TO R Y- Q M OME ir TT A " This is not' a "story of surmise nor the hazard of :; guesi It l an actual accomplishment Its promises at the beginning are being realized from month, to month. Its rewards have been pocketed in contentment and with expressions of satisfaction.'. The-origin- of e its goldbeams. are Visible seen at Portland's great iwmills and following the steamers slowly trudging -their war against the current on the river's breast.. .. :.. fW''i .vw : .,'v;.'";' "''Z1 : ..'':"'' ' TJhe North Coast Co-Operiative Lumber Company An Oregon corporation," with its home in Portland, is the parent of the plan, and its fondest antici pations are being more than realized.5 The idea originated with Walter O. Jeffs and Thomas J. Hammer, two-bright young business men of this city. . t Their homes were in the west in Portland and they were inconstant contact with men who owned quarter Sections of the finest timber in the world, but which' was absolutely worthless so far as turning the property into money, was concerned Asked for th rea- son, the reply would be .; , ;- ;,- ' v'y ) V-' ' '. ' ' ..' " v"L;-;!.v;; v W1 1 1 . ' "I Own One Quarter Section, But No OnVWants It." ; J!y i 1 Why? .Because the land was isolated1 that, is to say, not upon the bank of some navigable 'stream or on a line of railway, and no one wanted so small a tract U the complaining one had ownea i,iaaj or anywhere above that number of acres, the doors of a ready market would ever be open to him, but the lone quarter section it would not pay to 'build a logging road to that tiny tract So the owner had his tim ber claim upon his hands; free from all incumbrances, it is true, but its intrinsic value to him was as that of a jackrabbit on the sagebrush plains of eastern Qregon. Discussing the subject between themselves, Messrs. Jeffs and Hammer agreed that this should not be, but that the remedy could only come from co operation. Whr would it not be nessihle to oool all these interests to link them together in one strong U"tody? 1 ' ,'-. ' - - - . ,.,.-- ; , . .Careful Thought and Study Matured This Plan; and the North Coast Co-Opera-.;."' tive Lumber, Company Was the Result. " ; ? The comoanv was organized and incorporated under the laws of Oregon and capitalized at $1,000,000 with 1,000,000 shares of the par value of $1 each. These shares are sold in blocks of 100, payable $4 down and $4 per month, unless the subscriber to the capital stock (Jesires to pay cash or-tnake larger payments. The receipts of money -from stock subscriptions are employed in the purchase of timber lands in bodies , of sufficient consequence that they, may be profitably lumbered tracts of such magnitude that it will pay ; to construct logging roads to. then or hold them for an advancement in values. ' For' example, 40, 50 or.: more inoividuals own timber claims adjoining each other, no one of which is singly salable at any price.'; The North Coast Co-Operativc Lumber Companyrbuys tip these various holdings, collectively amounting to perhaps several thousand acres, and there is an in stantalu treated. Timbermen seeking large tracts are always greedy for such opportwitjes,-'and price is: of little consequence, once . availability is estate ' lishedand this is done the moment a considerable tract of timber. may be had in a united body. , t, v The North Coast Co-Ooerative Lumber (ComDanv i Makes Known to ; Lumber F 1 - v Merchants That It Owns Such a Tract and It Is for Sale. n v ; I ' ; .Bids are then received, and if satisfactory the deal is consummated and the profits of the transaction are divided among the stockholders of the company. This frequently amounts to many thousands of dol lars, but if the bids are not satisfactory all are rejected and the timber held until an agreeable offer is : received. If this is lbt had within a reasonable time; the company erects its own-sawmill, lumbers the , ground itself,' makes its profits upon the manufactured product and still owns the land,. As all the timber lands of Oregon, whenv"logged. oif,"-.are convertible into the most prolific farms, this is an asset that of itself would secure each shareholder against loss. if shielded by no other source of revenue. But Best of All; the Title Guarantee & Trust Company, One of Portland's Strqng . est Banks and Financial Institutions, Absolutely Guarantees 1,000 feet of .Timber. Behind Every Dollar's Worth of the Company's Stock." This makes certainty. a thousand times' more certain.' It removes all possibility of loss and thorough ly eradicates1 every doubt of the security of investments made in the shares of the North Coast Co-Oper- ative Lumber Company, artd, more han, that, establishes the reputation ot the gentlemen at tnt neim ot the tpncern. - Were they not of upright character, not men of responsibility, all who know it best will ' readily understand that this conservative banking institution would keep its hands off the company and not so much as permit its name to be used in connection therewith. - ' , .'. ':, . - ; . 1 imDer is tne weaiui rroaucer oi ine yyona aoaay. - Vi America wonders what will occur , when its. lumber supply is ' exhausted. That day is speedily ap- rXjr" , . of the past, Wisconsin and MinnesotaVtimber. lands are almost denuded,;! Cornstalk lumber and. paper building matefiiT are spoken of as a' last resort' - -- . . ;- ,t-- J. Paciio" Coast Forests Alone Are Left, - These are timbered as no other regions of the earth: .The eyes of the lumber-makers of the country, are upon this section a region nowhere equaled upon this broad globe. 1 Peerless are our pine trees, un-'. matchable our stately larch and cedars. Every -day s railroad trains carry the products of our lumber mc cistern consumer, ana inc sana ma ooiiorai ok 1 i .. . . t . ana sntngies 10 piemoric 7 n 4 r 3 f Ot fV...4; 4 . W ill i i A i i piling tnlllc th sreatest'on earth, bevond the Rockies to - every nation are .. here to transport Oregon's lumber, timbers, - spars, markets beyond the' seas. , " - " From All Quarters of the World There Is a Cry for Lumber, and Only the Ears of -' the Pacific Coast Can Hear the Appeal and Respond to Its Desires.' 7 Well was it said in! the January Cosmopolitan' that "there is nothing in this'counjry growing in value by leaps and bounds like timber properties. The pi nch is coming. The prodigal waste of years is. 4 creating a paucity of desirable timber tracts. The famine isnt much yet, but in time, possibly within the ' next score of years, according to well-informed lumbermen, , the real supply will be greatly diminished i and prices will soar even more than they have in the last ten years. Weyerhaeuser is beginning o reap; the fruits of his foresight." If he lives twenty years longer and : retains "what he' has today, he. will be , wealthy beyond all computation, : It is4iardly necessary to be specific as to the increase in the alue of", timber lands, 'but just a couple of cases may be cited as Instances, and for these cases John G. Staats. -, editor of the Lumberman's Review, and one of the'best informed lumber experts in the country, is au- : thority, ' v ' ' ' ' -''" ' ':' " ' . " f " u"- ''"- ;. 'i-,'sw.t ." -,' " j"1'-?- K- r ,'.; "According to Mr. Staats, one piece of yellow pine land, held ten years ago at a price of $75,000, Is J "" today unobtainable at $750,000. Another tract in West Virginia, covered with, spruce and hemlock, and ' purchased five years ago for $12,000, has recently been sold for $500,000. The cases might be continued indefinitely, but these two are7 cited simply to show the way the timber tracts have increased in value. They are in no way remarkable. Hundreds of others just as impressive could be given.V r -y WHO IN PORTLAND, THE STATE OP OREGO N, THE PACIFIC COAST, OR ANYWHERE . 7 BENEATH THE SUN DESIRES TO BECOME A PART OF OUR OROANIZA , . TION AND SHARE WITH US THE PROFITS OF THE TREMEN- -A; '? f 'X ;- ' DOUS AND CONSTANT ADVANCE, IIF LUMBER VALUES? f, Whoever you are and wherever you are, we invite you to call.upon or correspond with ' OUR SHARES ARE $100 EACH, FULLY PAID UP AND NON-ASSESS ABLE, AND THERE ARE BUT' 40,000 OF THEM TO BE HAD AT ANY PRICE. YOU MAY PAY $4 DOWN AND $4 PER MONTH ON 100 SHARES, OR ALL CASH DOWN IF YOU SO DESIRE, AND THOSE IN VESTING UUKinU inii iwn jr mn : iku oa 11 a uav iw otinAa Alt Ana WWXU BER DIVIDENDS.' ' ' ' ' We Have a Sawmill m Operation Now a nd It Helpsthe Dividends Along. a u '1 v." L NORTH COAST CO-OPERATIVE LUMBER GO. SAMPLE OF THE PINES OF OREGONWNED BY THE NORTH CO AST 'CO-OPERATIVE LUMBER, COMPANY. PORTLAND, ORE REALTY, TRUST BLDQ. AND WASHINGTON, PORTLAND, ORE. WOULD CEDE; ALL LANDS TO STATE Jjeixjiocratlc Plank Favoring Re- linquishment of Property . by.Cavernment. . DROP EVERYTHING BUT, JMILITARY RESERVATIONS Issue m to Method of Valuing Bail .road Properties Was Only Qaleted " by Wall Street and Is Far From Being Dead. ' ' ' 1 ,' WufalngtoB Bnraaa oi Th Joomtl.) . Washington, May 8. -The suggestion " - has been made to prominent Democrats . that the coming national convention of that party adopt plank favoring the ceding ot all publlo lands, excepting - military reservations and , such : other tracts as are necessary to the transac ' tlon ef federal brfslnsss, to the several ? states. It has bVen cited that; this ' would be an Issue, first. Important enough to warrant making it a part of that party's national pronouncements; second, that It Is distinctly in line with the doctrine of that party, aligning ex actly with the views of. Mr. Bryan, who doubtless will be the next nominee, and agreeing with, tho present as well as historic position of most Democrats. State cession of publlo lands wouM Instantly draw a lino of cleavage be- tweeo-the "advocates of centralisation and the advocates of. recognising the reserved rights of the states as defined by the organio law of the nation., : The suggestion has been enforced by citing the bill offered in the last ses slon by Senator Clark of Montana, and has been received by a number of rep resentative men as worth careful con sideration, -ii Naturally, they are Just now reticent about being quoted, but. If the Idea were pushed, doubtless they would come out In the open and make publlo their views.- Valuation Xssne. - Quieted for a time by the Wall street flurry, the Issue as to the method to be employed In valuing railroad properties bobs up1 again and is the subject of tense comment once more. ' Large inter ests are arrayed against the Bryan-La Follette plan : of valuation appraising 8tox OBtrxxuva if you suffer from rheumatism or pains, for Ballard's Snow Liniment wilt brine quick relief. It is a sure cure for sprains, rheumatism, contracted muscles and all painsand within the reach of alL Price t5c 60c, 1 1.00. C..R. Smith, Tenaha, Texas, writes: "1 have used Ballard Snow Liniment in my family to years and have found it a fine rem edy, for all pains and aches.- . I recom mend It for pains in the chest" Sold by all druggists. r w the physical properties, rates . to be based on the theory that the publlo should be compelled to pay Interest on actual Investment, rather than on the capitalisation of franchise rights. Pre! dent Roosevelt i presumed to be op posed to this plan. His chairman ot the interstate commerce commission, MarUn Knapp,' has been quoted in an authorised interview, a expressing the belief that railroad are not over-cap- ItcJlsedV and the president himself has inspired newspaper utterances directly from the White House tending to In dlcate that he believes the railroads should be prevented from " watering stocks. In the future, but that present existing valuation of stocks, bond and debentures should be mad valid at par valuation. t-'-yi&S'r: fi.-MTZj.r: Charles, 8. Mellen, . president of the New Tor, New Haven a Hartford, and W. C Brown, vice-president of the New York Central, have expressed them' selves as favorable to a valuation of railroad properties; of course, they fa vor appraising so as to make valid at par all existing securities. r : There is a well-defined belief that President. Roosevelt does not want to squecsa the water from existing secur ities .If ho should send to ths congress a message to that' effect, ' counselling only the enactment of; legislation to prevent further watering of securities, the issue would be Joined clearly be tween the two parties parties in a sense and really not parties at all. but fragments of both parties on either side; for in such a status. Senator La Follette would be foroed to take sides against the president, and , with Mr. Bryan. , - s ;l " " 1 " I I.I. 1- Womsn loves a rleni". rnsv eonifilec- inn. Burdock Blood Bitters purifies the blood, clears the skin, restores ruddv. sound hsalth, , . , : , CONTEST FOR 10RDSHIP ,:,0VER AN IDAHO RIVER (Spedal Dlapsteh te . Tfae 7oarasl.l .Boise,. Idaho, ;' May . 8. An animated session, of. ths stats land board was held yesterday. As the representative of the Payette Lumber company, Attorney O. O. Huga of Boiss appeared before the board and askod practically , absolute oontrol of the Payette .river,. ths com pany heretofore , having partial-control. Representing- the j White Pin company of Nam pa, as its attorney. N. M.. Rulck of Boise appeared to protest against the granting cf , the prayer of the Payette company on the ground that it had not made the Improvements called : for in its contract- with 'the f state and should not ba given the monopoly of the river. The allegation transpired during the hearing that Stat Engineer Stephenson was sent by the sute to- make an in vestigatloh and report on ' the improve ments,' but went ove-the matter too hastily and It IS "alleged that hi re port to the land board asnot In ao cordance with the - facts . as . pointed "out by the protesting company. : The hearing la still on and If decided in favor of the Payette company a big tight will follow nd: the White Pine CASTOR I A For Infants and CMldren, Tfca Kind Yea Hat3 Always Bear, the : ySm 81ntttr of WuifZ t-CtfcJUte company will seek to enjoin the state. ' Senator, Borah is the regular attorney of the; Payette Lumber company, but for i the purposes of the present case Mr. Haga waa substituted. , , t... ' Vrfsrrd Stock Canned Oooda.' Allen A Lewis' Best Brana. TWO BURGLARS CAUGHT , BY NERVY, DETECTIVE ' I SmmiUI ' TMaiuk 'W' Tf., , . r- " "'.wiiwii.I .' Rnokane. Mv U.Tm armui were .eapiurea yesieraay Dy Detective Brllev. who twin - knwlrMl a.w and shot the other.- They had, liv flne revolvers ana mucn ammunition, which lilt) v uiu lancu , 1 11111 -m.1 nail wif. arrj. Brllev entered 'the stora- whn th.p nt. fleers stood, guard outside. , He saw ons burglar go over ., the transom. The other - drew a gun. ; Brlley knocked it from his hand and Antnrui Mm Mann. while the second burglar appeared at a vaca winoow ana arewMt gun, urtiey at first -thought hef was an offlcer, but burglar and' dropped him with a quick ouuu. am is noi Daaiv wounaeo. ! in burglars srlve thlr Smith and Thomas C. ThompsoD. r SWAMP LANDS TO ADD " , TO AREA OF COUNTRY t r nil whlk win tn the nrodiii. tlon of the ntnn will be: Arkansas, itlZO square rotles.'"tr l,o7.000 acres: Missouri, i.810 snaatft. mile", or 1.438,- 000 acres; Iouislana. .18.JS0 square miles,- or 10,1S5,JOO acres; Mlsslsippt, WO 6 0 Dr. Morrow's Ai-Leso MAKES' USLsJT. PEOrUB TAT Thronga the nervous sys ' system. xt 'i is : a ' purely vegetabls oompoond. - , Contains no oils or fats or any drug that I injurious or liable ta produce a habit IT IS THE 6RXATKST TONIC INTHX WORLD Kacn . Dotti , contain a month' treatment and costs 11.60 at any flrst-clas drtia store, rrepareo oy . tn . AMI-LEAN FiEEiCnS CO. Oregoalas Bldg Portland, Or. I ' St; " mm ii nmitf- is? " If rsv- - ssjsa 111! I ? 1 1 1 : - . I.Hitj t - -i r- - : i i lita.M i... J i . w . ... Corbei Wir-. V." -: ' r . Tc - " w a a a a . Phcn 8.C ') in r i 5 4 i. V Ii t.. i