V
, THE.. OREGON DAILY JOURNAL, PORTLAND, WEDNESDAY - EVENING, AUGUST,, 28, 1907.
FORESTS R7ADE
SAFE BY RAINS
OUT
aeuser lTan Says the
Damage Danger is Oyer
For This Year.
HEW IliES
ADD BEAUTY TO CITY
Contract' let For Combina
tlbn Store" and Apart
ment on Eleventh.
PREVIOUS FIRES .'. '
ALMOST HARMLESS
, At the northwest corner of Eleventh
and Montgomery streets' D. J. Burn la
preparing to put up a combination sto.-e
aiVl apartment building. A local archi
tect baa been commissioned to draw the
plana of the proposed Improvement.
wnion win have a, dimension of 10x71
No Loss of Green Timber, In Weyer- f.et and a htlght ot tw0 atorla Th,
' hw Holding, or Otherwise, ulfdiaon'i'nrbLemen't. tuU COnCreU
Say, Thl. Aathorlty-ason'. tF.E!SS
Record Unprecedented. r
in fifth and Twenty-sixth, to cot $4,600.
Jones A Margulis are preparing to
build three 1H -story cottages on Cor-J-
bett street at a coat of ,000.
GOLD PLACERS ON
SAN JUAN RIVER
win De arranged Into four apartments,
three of which will contain three rooms
na me oiner rour rooms. The est!
mated cost of the atmrtui-. ! tlx nnn
Parti.! t. - .1 .
(Epeelal Dtooeteh to The Journal.) ern homes, the totsl co.t nf which wilt
Tacoma. Wash., AUf. is. According segregate anout isb.ooo, were taken out
to the Weyerhaeuaer timber syndicate Wt&jTlSS&tfrT.
nuiwii Mw - - - . I iuwh win pui up a two-story frame
lira situation man any oiner nrm or i ivsimncm ai a cost or t,uuu. ,
interest In the northwest there ku ..TtT.HaS.I!!;
................ - ...... i ( i iii iiuiuirup siren, Deiween Twenty
in Oregon ana wssmngion tnis season 1 wcniy-sixin, to cost it.ouu
Iring any previous year since
operatlona and lumber manu
rracturlna have been features of the I W. A. Robb will build a bunrejow on
commercial activities of the Pacific ra!t.on rad at an eatimated cost of
northwest. I ".
It la conceded now by loggers and L. n East .Lincoln street, near Rowland
lumber manufacturers generally that "race wsnser will erect a one-story
the heavy ralna or the past few days, rwuuu a-i m.a upenauure or ,duu.
which have been general over tne Pa
cific nl ope, have practically wiped out
all danger of further foreat fires for
thla year, and In summing up the dam.
nges done by the fires It Is found that
they are practically nil.
All la Logged-off Lands.
"In all of the territory In this state
oT.irotVa aM4i! Deposits Reported to Contain
5ftr Kw::hr""cm.p V; From $2 to $3 Per
green timber by fires thla season. In Cubic Yard.
fact I have not heard of any timber
Deing oestroyea. Tna nres. mat nave fFrom the Dnvor Po.t
i Biiwrniy luminal) Here la th. trtia .fori nf . (
on the Ban Juan
Blrhtv miles west
flTe'VhaVha. b.7n"n ouimmeir; 2 'nZ'
terrltory, and by that I mean territory ?fAa , n,J1. J?l"D;t N', M-,.tht d1""
In which we have merchantable timber inf fLt?Jepo,?itB f.,tn,er c?e
In striking distance of the fire, was a b'n l Preliminary to
nasty fire that broke loose In thi Succo- ih,7cil1. wh'c,h tonlw lta mayT be
tash vallev in the baaln of the upper atated that portlona of the San Juan
Nlsnually river. It burned extensively f'ver hvbeen prospected at various
In logced-off lands In the vicinity of , This morning C. H. Spencer.
Ashford, but happily did not do a bit formerly of Mancoa, Colorado, called
nt Asmara, anil wa flnallv avtrmmi anH and. In the Course Of an hour's COnVer-
put out. satlon, developed the fact that he not
Mo Thaaka to Tla Wardens. !llv dllcvered very rich placers run-
. .. . nln rrom z to i per cuoic yard, Dut
There were eeveral fires In the is now successfully operating them,
northern part of aahlngton and while The source of the gold has been
WU at K a tam VIA TArAar W flea no t a I ma M m
v v tin v wj luivoui 411 a
that aec
tlona o
those fires did no damage.
to logged-off lands and brush firea in nlacer mlnln r.Vinn nr.
2ro,rhirh?h:tnhd..th;wi ui v&St.
growth timber that has grown up on ot th(l 011,h'
SELLWOOD'S BANK SOON TO
MOVE INTO FINE QUARTERS
' ' ','' ' - '
i.
K1
11 ,, ''w..-v..iw
V!
- f1
n:r;.i.r"
.... ,r - ,
Sell wood Bank Which Opens September 1.
Bellwood'a new $20,000 bank building
la about completed and will be occupied
thd first week In September by the
Bank of Sellwood. the east side's newest
and one of Portland's most flourishing
financial Institutions. This bank was
organised aDout six monina u wnu n
fully paid-up capital of $30,000. Since
11. aatahlUhment It haa obtained a
growth far beyond the expectations of
Its officers; In fact, the business and
deposits of the bank are much greater
than was looked for at the end of a
vear. while the Institution has been In
operation leas than six months.
The officers of the bank are Peter
Hume, prealdent, and C. A. Hume, cash
ler, wltu the following well-known
names on the directorate: A. W. Camp
ball. J. M. Nlckum. Theo. Nols, Peter
Hume and D. M. Dotinugh. The bank-
In house, which In located at the cor
ner of Umatilla avenue and Hast Inlr
teenth street, Is a two-story brick
structure 60x100 feet The ground floor
is arranged into tnree storerooms, in ad
dltlon to the bank's quntters. On the
unner floor are four offices and three
well-appointed IIvId apartments. The
cost or the structure was about 120.000
MONEY III PLENTY
FOR FALL TRADE
Reserve Funds Amply Able
To Handle All Crop
Movements.
n pan 01 aaningion ana wnue The source of the gold has been
no forestry fire patrolman In traced to the massive sandstone plac-
5 .Jil,.0,tJj. THI'. er wnlcn Bklrt th 8n Juan River on
' h;, ,8t"e' "nd,r,tan(1 ih1 both sides for almost its entire lenath.
r.n,u.i Tin gold or the gravel beds as well as
n.v ninv.H from fir., t hi. .' i. ,! of the sandbeda Is too coarse for cyanld-
nave enjoyed rrom urea tnia season is Hnn Knt ran raniiiiv k 'h k
something distinctly lucky, and is due am?Um,tlon Thi .n LX
to natural causes or the working of a 5m,5?in ai,"- Theu ,Rnd Tave
providence rather than to our fire ward- S'S08" 'hp ,back0 'I;om lha J1
ena and fire patrols. There were three 5ef" l0" JlvfT a ot 4.000
times during the season when the woods "f"1""
of the Pacific slope were as dry as KM brlng. The deposit has been
tinder, following long dry and hot spells Pfoapected up and down for many miles,
of weather. On two of these occasions aaya developing the same resulta. Ex-
flres had broken out In many sections cellent results are obtained uniformly
of the country and were ranging throughout that large area,
through the logged-off lands, and there when asked how he came to explore
certainly would have been serious forest lno country in me nrst place, Mr.
conflagrations had there not come time- Spencer said: "I went down there In
ly rains. These thoroughly wet the October, 1906, with another party, for
forests and checked the incipient fires, the purpose of taking a preliminary
1 floa t oeiieve tnera win De any more survey or tne conditions and possibiii
firea this season. "
WISE FARMER PRIES
UP PI W
Finds Double Bottom Filled
In With Old Scraps
of Tin.
(Special Dlipatca t The JoaroaD
Walla Walla, Wash., Aug. 28. E. 8.
Russell, a farmer near Tiigo, haa ex
posed a chean swindle br which a num
ber of Walla, Walla meat dealers have test began. The Pierce amalgamator
ties. In January. 1906. I went back
there, accompanied by C. L. Tripp of
Houioer. m tna interest or a Chicago
syndicate, which had raised funds to
put in appliances ror washing tne grave 1
beds. I took with me a boiler, engine
and pump ror raising water from the
river, and some sluices. After working
some time and finding that I could not
save the gold by the sluicing process,
the Chicago people became discouraged
and quit. In August following It was
found by Mr. Thompson of the Pierce
Amalgamation Manufactory that the
Sold lay In the aand placer deposita.
ver 200 samples were taken out from
different places and in testing them got
from $2 to IS per cublo yard absolutely
free and readily amenable to amalga
mation." About the 20th of last June, Mr.
Spencer took in a party with supplies
and the necessary machinery, Including
a Pierce amalgamator, to run the sands
on a large scale to see If they would
hold up to the smaller samples. July 6
the machinery was installed and the
been giving short weight on lard bought proved a success and can be operated
in lu-ouunn Dans. itusseii visited a at verv
local dealer, and asklne- for a pall of chine, which is now running everv dav.
CITY'S FINANCES IN
BEST POSSIBLE SHAPE
Failure of Last Week Has Had No
Local Effect Except to Depositor!
Gilt-Edge City Bonds Allowed
Tt Go Begging.
Jt7.Ji. II ne swindle and Diamed me Having fully demonstrated the v
shortage . on 1 the manufacturers of the of the deposit and the best way of
Pni fn Sw t". ttJSm A" ir 'V.1.1- trading the gold, they will put In
xKn.viii, 1'. .5ir X?"aJLJS JY.a,ia mediately a plant capable of hand
paiva been profiting about TcenS. "I
lard, took hla knife and pried loose the they can handle 60 yards per day of
bottom Of the Dall. It Waa found that MA hnnn anil rrvvrv .v.raa. 14 rAr
the pall had a false bottom filled with i iHl vnr1 Tha rrm ra r v with whlnri
six pieces of scrap tin weighing about he is now associated is composed of
six ounces. The dealers professed igno- wealthy citizens of Albion, Nebraska,
ranee of the swindle and blamed the iTavino- full d.montrnt.i thn v.iu.
or ex-
im-
plnnt capable of handling
r day at a cost of 6"to 10
a nalL 1 cents per yara. ay multiplying tne ap-
Thav .on aaalllr takA nitl IK 000 a rlnv
Celtic at Colambla. and with machinery and good manage-
The division of modern languages and ment a.n ma.ke one f th9 'v,den(i
literatures at Columbia haa established PJ0,P?S l10"8.. 2 i5-S2?ntK T.heKma"
fmip Knnrua tr, c.it i ..(. .i. t. .i I terlal is easily handled, there is noun-
opening of the acad'emio year 1908-09. da"1 water that can be raised by putnps
r. John Laurence Gerlg will have K,lu wo i"- i
iarge of the new department. the ground.
-vvwas graduated from the TTnlver- " uuj.iijr 110 iciihobui hj .
sltvUfc. Mlaanurl in igox and tnnir hi. general manager is called the Red Rock
master's degree thera tha year follow- P'acer company of Albion, Nebraska,
ing. Ha go a Ph. D. from the Unl- re?I!n.taUve,. W' M: Reed tn"
verslty of Nebraska. In 1902, after he been with the expedition throughout Its
had instructed a year In Missouri. He Investigations and is well satisfied with
waa an Instructor In Nebraska for four tne results nccompiisnea. umer mem
vear a and afternrnril a vnar at wlll... I berg of the party were J
In the modern language department He old' c- Law and u A- Tr,PP- Tne c11
is now a lecturer at Columbia. mate is very fine and work can be car
nr. fiprlir will a-iv nnnrui f ried on all the year round. They em-
hour a week in elementary and advanced Ploy a number of Navajo Indians, who
Old Irish, elementary Welsh and in the -re 8laa to work for 11 a day, and made
elements of comparative Celtic gram
mar,
For any pain, from top to to, from
any cause, appiy ur. Tnomas' Eelectric
oil. run can t stay wnere it la used
Dr. Horace Fletcher, the
celebrated authority on diet.
says that it Lb not the quan
tity or iooa we eat that
gives us strength, bat the
mount we assimilate.
2l
ij i i
Pabst
DlueRibbon
Tlx Beer of Quality
contains as much aocriahbtg
foodas rood, fresh miOc nre-
dlgested and ready for as
similation into the blood,
where it rives new life.
, strength and vitality.
, , Charles Kohn ft Co..
Cor, Id and Pine 8ts., Portland. Or.
,, Phone Main 410. , . i ;
M
very efficient laborers. All the ground
taken by the Albion company lies north
of the Navajo reservation on the Ban
Juan river. Mr. Spencer firmly believes
It will prove to be one or tne most pro-
ductlve placer mining sections in the
west.
The Gold Dredging Company of Amer
ica, with offices at rooms zv-ix. i4Ztt
Second street, this city, own ten square
miles of this valuable deposit adjacent
to tha above named property, the San
Juan river running through the great
placers in their entirety. Some very
effective photographs or tnis wonderful
desert country may be seen at the com
pany's office, together with samples of
tna deposits, una uoia ureaging com
rany la arramrinr for a 6,000-yard ma
chine to be installed on their grounds
within the next few montna.
SHOT HIMSELF TO
ESCAPE CONSUMPTION
tr in i .
(SmcIU ntanttcb to Tbe Journal.)
Tacoma. Wash.. Aur. 28. Assured by
hla Dhyaiclan that he had consumption
and his days were numbered, W. J. Al
len, a civil engineer, was unable to bear
tha suspense of waiting for a llngerlnj
death and last nla-ht shot himself a
his apartments at 1904 H Tacoma ave
nue. His dead body was found an hour
later ty bis wife and little girls, it was
lying on a bed in a .pool of bloOd, with
i revolver alongside.
, Allen waa 39 veara of are and cams
to Tacoma. from Pennsylvania seven
ears ago. - He was employed by the
Sifting on tha bed- ha had placed the
ndependent Asphalt company.
Slttlnsr on tha bed- ha had nl;
revolver to his rlarht temnle- and nulled
the trigger. .. death probably being in.
stantaneous. H wa expert In his
work and has been Intrusted with Im
portant engineering affairs about tha
city. ...
'i JfTefarrs atoek Caaaaa ffseda.
.alien Lewis Bast Brand, - .
That there la plenty of money In
Portland bank reserves to take care of
all the legitimate business' of the fall
season is the declaration of local bank
ers who today discussed the situation.
The banks never were In better condi
tion and the state of general business
never more flourishing.
All over the country the prominent
cause of tight money for bond Invest
ments seems to be simply that the
great business and Industrial develop
ments everywhere demand more than
normal supplies of ready money and of
fer larger profits than are offered In
low interest bearing securities.
The failure of the city of New York
to market Its new 4 per cent bonds at a
premium la a case in point that illus
trates what in a measure is tbe situa
tion all over the country. Even large
Investors did not care to place their
xanit.l In e-ilt-eda-e 4 ner cents wnen
they could make much more In other In
vestments that had but slight specula
tive tinge. ,
Tha action of J. Plerpont Morgan In
taking the New York loan relieved the
n..ir a na w.inn of 840.000.000 Of
bond securities that were begging for
Investment, and the good eriect win, it
Is said, be leit ail over tne country,
Business Is Buoyant.
Oregon's crop movement Is under
way and there is no apparent strin
gency of money for ganeral business
purposes, at tne present iinio. iiij ef
fect or me last ween. un
while disastrous to the 14,000 deposi
tors, has not depressed business lo
cally and an immediate recovery in all
Quarters is looked for. The exception
ally optimistic side of tha bank failure
has Deen accepteu ay vcijr -
portion of the public, Including-the un
fortunate depositors. It is generally be
lieved the Utter will get back practic
ally all they had In the bank, if the
receiver and officlala are permitted
adequate time in which to market the
securities and make the collections on
commercial paper that might otherwise
be sacrificed if quick realization were
demanded. .
Those depositors wno ki in "U"J
,h.ir mnnov will, it is believed, do
better to wait patiently for two or three
months, or even six months, before
starting a clamor ror it. xnus iar mere
is no indication that such a, clamor will
be raised until time and circumstancea
should justify tnem in urniug ku
to secure a settlement.
Money Market Will Xass Up.
In view of the exceedingly slow and
almost lifeless condition of the bond
market all over the country, it is not
exciting surprise that the bonds of tre
Home Telephone company were not
strong enough as securities to make
possible a quick realization by the bank
when It needed ready cash. Since the
failure a large number of depositors
have voluntarily signed a statement
that they would take tha bonda at par
in satisfaction of thejr accounts In lha
savings bank.
Some of them have stated to the un
derwriters that tney nave inenas wno
will buy the bonds from tnem at tneir
face value for cash. This and other In
dications point to an easing of tha
money market ana tne general iono is
iifi lmrtrovina:. It is believed that
as soon as the crop movement is over,
and the summer season's outdoor de
velopment worK is somewnai retaraea.
fnr th. winter season, there will be a
decline In the money markets that will
d-iva the borrower a slight advantage
and Improve conditions generally.
American activity in ousiness expan
sion is. it is claimed, much greater
than the limits of the circulating me
dium, ,and accompanying all times of
rreat - prosperity tnere is a distressing
nek or monev to carry me increased
burden of trade witnout a painrui strain.
PORTLAND
LED EVERY CITT
Seattle Times Attempts To
Berate Actual Building:
Conditions.
SOUND CITY REFUSES
TO RECOGNIZE FACTS
PROSPERITY S
COVER! STATE
neavy Crops and High Prices
Bring Easy Finan
cial Means.
j.Praotieally every producer In the state
oi uregon tnererore- nas muin
money than ever. With wheat selling
at the farm gates at 70 cents a buahel.
there's a very handsome profit in graln
growlnr for tha farmer even in these
days of h.gh wages for farm help. A
very large per cent of Oregon's crop or
w nea i ia always sent to Europe, and
this money helps to build up soma Other
Oregon Industry
Washington Newspaper Bolsters
Building In Homo Town But Fails
To Take Note of Fact That Rose
City Has National Record.
Low Rates East
On September 11, 12 and IS tha Ca
nadian facnio wut sen rouna trip ex
cursion tickets to St. Paul, Chicago and
eastern points at very low rates. This
will be tha last excursion of tha season.
Make your sleeping car reservatlona
now. . fw lull particular, regarding
rates, etc., , call on or address v. .
Johnson, G. A. P. D.. Portland. Oregon.
, .. ......
;. Larcener Accused of Forgery..
(Special Dlinatoh to Toe Journal.)
The Dalles. Or.. Aug. 28. John
Frakes.' after completing a sentence of
0 days in tha county jail for larootiy,
haa been taken, to Heppner by a deputy
(sheriff of -Morrow county, where he is I
wanted on a charge of forgery. , '
In a recent edition of the Seattle
Times some very startling statements
were made relative to the building op
erations now going on In that city, and
In comparing the number of new struc
tures now going up there with those
under construction in several of the
largest and most prosperous cities In
the country.
For instance, the statement Is made,
that during the first six months Of
1907 there were more than twice as
many new buildings put up In 8eattle
as In New York. According to the
figures compiled by the Times writer,
showing the relative building opera
tions in 36 of the great cities of the
United States, during the first six
months of this year, Seattle is credited
with 4,360 new buildings as against
2,268 for New York city. In the samo
period Portland ia allowed the modest
number of 2.071 new structures, nearly
as many as New York, but considerably
less than half Seattle's number,
seattl pats Ssrself.
The Interesting table used by the
Times shows a Tike condition for the
first six months of 1908. that Is, Se
attle Is shown as leading all other
cities; New York by a few hundred and
Portland by about 2,000. During that
teriod Seattle Is given 3,684 new struc
ures. as aealnst 3,226 for New York.
while Portland is shown to have built
but 1,112 new houses.
in tne taDie or percentage gains ror
the first half of 1907 over the same
months in 1906. Seattle is credited with I
a gain of 47 per cent. New York city
34 per cent. Chicago 16 and Ios An
geles 27. Strangely enough, Portland.
which had a gain durinit tnat period
of over 100 per cent, Is not named In
the Times' table.
Portland Kas Xd Country.
While It would probably not be fair
to doubt the accuracy of the Informa
tion used bv the Times In maklna
un its table of building Increases and
percentage gains, it la lust as well to
state tnat lor mure irmn nan ine
months durlntr the nast year and a half
Portland has led every other city In
the country in tne gam per cent in the
value of new building construction.
But Midland acre tracts. Knaoo &
Markev. room 2. Chamber of Commerce.
Chaplin A Herlow, 832 Chamber of Com
merce. Phone Main 1652.
Preferred sTtook Canned- Ooods.
Allen at Lewis' Best Brand.
SAVINGS BANK
or THE
TITLE GUARANTEE
& TRUST CO.
OPEN ON SATURDAYS FROM
9 A- M. TO 1 P. M.
AND ON SATURDAY EVENINGS
FROM S TO B O'CLOCK.
WE PAY 4
On Savings Accounts, Interest Com
pounded Semi-Annually.
WE PAY 3 ON DAILY
Balances of Check Accounts.
OFFICERS:
J. THORBuRN ROSS - - President
GEORGE H. HILL - Vice-President
T. T. BURKHART - - Treasurer
JNO. E. AITCHJSON - - Secretary
240-244 Washington Strett
(Corner Second) .1 i
PORTLAND, OREGON
With a potato crop that will be fully
twice as heavy as a year ago, a wheat
croD much above normal yields, a hay
crop that la a very liberal production
and fruit crops that are record breakers,
Oregon producers are scarcely worrying
over the money situation in the east at
this time.
Not only do the cropa show much
greater volume than a year agoi but tha
prices paid are In practically every in
stance much greater than a year ago,
when it was thought that record values
had about been reached.
Nowhere on earth is there a locality
that secures so high a price for butter
fat as do the farmers of Oregon. Even
the far-famed Elgin, Illinois, market
considered in butter circles what Chi
cago Is to the world's wheat market
la always several cents a pound lower
than the Portland market. Portland
creameries receive cream on this ac
count from so far away a locality as
Utah, and even Into Montana tbe empty
cans are sent out by Portland creamer
ies to be returned with cream which Is
later manufactured Into butter here and
the product In many Instances shipped
back to where tha raw material
originated.
The pear crop of Oresron this year will
break all records. It will be sold as far
east as the Atlantic ocean, some small
amounts going into European territory.
The apple crop will bring prices that
will again make the producer smile.
The world's crop Is small, but Oregon
still sends forth a good production.
The livestock Industry of the state of
Oregon ia In the best possible shape.
ro
the valuea may be conslde
fancy.
Cattle are hlah. sheep are high, and
hogs tne values may do considered
All these products of Oreson will
brlna- that muoh more money Into the
circulation of the state. Every year
Oregon la exporting more and more or
the state a product, and tne greater vol
ume of sales to the outside, the more
money Is returned to this city.
not Increasing nearly so fast, and as the
Then, again, the volume of imports Is I
exports grow larger the imports will
look tnat much smaller in comparison.
SAFE
and
STEADFAST
When a bank has become
twenty years old, and well
rooted in the community, it
is a good place to deposit
your money.
THE
"Oldest Trust Company in Oregon"
With Resources of Over
$2,400,000.00
Offers you a safe depository.
WE PAY
2 per cent on check accounts.
2J per cent on ten days' call.
3 per cent on savings ac
counts, and on six months'
certificates.
354 per cent on thirty days'
call.
4 per cent on ninety days'
call, on twelve months' certifi
cates, and on coupon certificates.
Call for our statement and
book of
"ILLUSTRATIONS."
PORTLAND TRUST CO. OF OREGON
S. E. Corner Third and Oak Sts.
Phone Exchange 72.
BEN J, I. COHEN President
H. L. PITTOCK... Vice-President
B. LEB PAGET Secretary
J. O. GOLTRA Ass't Secretary
X
FRUIT AND GRAIN
YIELDS EN0R3I0US
Farmers Receiving Higher Prices
For Dairy Product Than Any
Pfaee Else On EarthLivestock
Market Is Steadily Improving.
"An East Side Bank for East Bids
People."
Some Reasons
POB
Paying bills by check, rather than
with money.
You always have tha exact
change. ,
You always have a record of
the transaction
You always have receipt for
money paid.
You can fay bills by mall as
well as over the -counter.
Your money Is secure from loss
by fire, thieves or carelessness.
It Is doing business In a busi
nesslike way.
The Commercial
Savings Bank
Solicits checking accounts, large
and small. Also SAVINGS AC
COUNTS on which 4 per cent
Interest Is paid from $1.00 up.
JCJTOTT AJTD WXEiUAlfB AVB.
rge
J. 8. Blrrel..
.President
...Cashier
A N ASSOCIATION d
, I conservative Portlar.i
A"sbuslneas men 'of un-
; questioned standing, for
the writing of Plate GUss,
Steam Boiler, Liability and
Accident Insurance and the
issuing f Indemnity Bond.
It haa a paid-up cash cap
ital of One Hundred Thou
sand Dollars of Oregon
money.; ' ' : ,J-
It parallels every advan
tage, faciiity.and security of
fered by the itrongeit and
oldest outside companies. .
Its responsibility is greater
and adjustments . prompter
because it is a local institu
tion. ' ,. -
Every dollar in premiums
paid to it accrues to the ben
efit of Oregon not some
other state.
Oregon people ought to
have insurance in an Oregon
company.
UNION GUARANTEE
ASSOCIATION
Marqaam BIdg. Portland, Ore.
CONDENSED REPORT OT
ThY United States National Bank
Submitted to tha Comptroller of tha Currency at tbs Close ef Business Ao
gust SI, 1(07.
ASSETS.
Loans and dlacounts fl,(81,6tl.ll
U. b. bonds to secure cir
culation U. S. and other bonds
ana prein.
Bank building
Money on
eall in
J00.000.00
717.76 85
12S.000.00
N. Y....I B00.000.00
Cash and
due from
banks .. 1,142,710.10 $.44J.T0.10
tl.6174TI.21
LIABILITIES.
capital ,-, i ioo.oes.es
Surplus and J undivided
profits 40l.000.ff
Circulation 417.70.00
Dividends unpaid 140.00
Depoalu 7,140.31Utt
IMIUTUI
Attest Correct:
3. C. AINSWORTH, President
Open
Evenings
From and after August 31st the Sav
ings Department will be open for the
accommodation of its patrons on
Saturday evenings from 5 to 8 o'clock.
Four per cent interest paid on sav
' ings accounts
Merchants Savings and
Trust Company
247 WASHINGTON STREET. .
CAPITAL TULLY PAID
$150,000.00
J. Frank Watson ......... .President
R. L. Durham . . ... Vice-President
W. H. Fear Kv . Secretary
S. C. Catching .........Assistant Secretary
O. W. T. Muellhaupt.. ..Cashier
BANKERS AND LUMBERMENS BANK
Corner Second and Stark Streets
PORTLAND, OREGON
Capital Stock, $250,000.00
OFFICERS
4,
O. K. WENTWORTH
F. H. ROTHCHILD M
JOHN A. KEATING .
H. D. STORY . . m
PLATT & PLATT M
1 H.N
y w m at' s, u. . . . President
- M . First Vice-President
w Second Vice-President and Cashier
m m Assistant Cashier,
General Counsel
' m m m