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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 19, 1908)
WEDNESDAY EVENING, FEBRUARY 19, 1003. Enters Into the Inde one THE OREGON DAILY JOURNAL; PORTLAND, CM pendent Rich Teleph Field V-ril fi hom. one of the most important factors in the business and social life of the entire world. This is especially tH rn,rTaTmoueh furmshed at a very r r r ' . ",ci-T v'it-.r;v.. Knci'mes haw nrovcd verv satisfactory: Davine large pcrcenia phone companies This refers to operating operated by the above i of the Pacific northwest , ' The example herewith will show the increase for telephones from the year 1876 to 1895, which is as near accurate as can be obtained at tne present time. From 1895 to 1907 the Bell Telephone Company had 3,500,000 tele phones, while the Independent Telephone Companies have 4,500,000, which . is a total growth in 13 years of 8,000,000. The entire net earnings could not build this marvelous expansion in the ratio of time for the demand for telephones. Hence bonds were issued from time to time by both Bell and Independent Telephone Companies. On January 4, 1907, the Pacific States Telephone & Telegraph Company (Bell) opened in San Francisco " subscriptions for $10,000,000 5 per cent bonds; at 102, with no stock bonus, of its authorized issue of $35,000,000. Why Did They Issue It? Because it was the most satisfactory way, to increase its treasury " funds for the extension and rebuilding of the system, and it becomes a " fact that when you buy a gold bond in an Independent Telephone plant that it is just as good as bank stock of a thriving and successful bank. Washington Home Telephone & K Telegraph Company Is a corporation duly organized and incorporated under the laws of Ore , gon,- capital stock $500,000, and 54 per cent of same has been subscribed ' toi 'Each and every share of stock is on an equal basis. The purpose for which this company was organized is to acquire, develop and carry on a system of Independent or Home Telephones, both local and long distance, . in one of the richest telephone fields in the United States, and it will be dwelt upon at length hereafter. The territory or field which has been selected by this Board of Directors is one of the richest in the United States, and at present almost overlooked, except by the interests controlled by the Bell Telephone Company. The charter of the Washington Home Telephone & Telegraph Co. is broad, and permitting the company to carry on the business of constructing and operating telephone plants, long dis tance lines and equipment, electric power and lighting plants, and all business pertaining to the acquiring, operation or development of the tele-phone-nd electrical current lines. The charter permits this company to "act as a holding company, or, in other words, accords to the corporation - the privilege of holding of the stock of their corporation ; in fact, to carry on all of the business at present contemplated by its Board of Directors, , or that may hereafter be. , The men who have charge of the field work and operation of the affairs of the Washington Home Telephone & Telegraph Company are all practical and successful telephone men of unquestionable integrity and special ability in their particular branch of technical effort. The General Manager and Construction Engineer of this company, Mr. B. E. Clements, has been associated with the Northwestern Long Dis tance Telephone Company for the past two years. During that period he was successful in all of his undertakings. He constructed and com pleted one of the most modern telephone lines now giving service upon the Facific Coast. Under his able guidance, he has secured as his general agent in the Facific Northwest, Mr. C. R. Wagner, who has been with the Portland Home Telephone & Telegraph Company for the past two years, and who has made unknown success in his department heretofore for the Home Telephone Company of Portland. Also Mr. Arthur Berridge has been employed by the Washington Home Telephone & Telegraph Company in the same capacity as he was with the Portland Home Telephone & Telegraph Co. Mr. Berridge is well known and has a high standing as a public accountant. He was with the United States Telephone Co. in Indianapolis, Ind., for years, and with the Portland Home Telephone & Telegraph Co. for the past eight months. Further information as to the standing of the men behind this propo sition seems unnecessary, as their long, continuous record of success, and their practical experience in their chosen line of work are sufficient evi dence of their ability to carry out the plans and assure success to the Washington Home Telephone & Telegraph Co. The territory in which this corporation will operate is no less than the Columbia River Valley with headquarters at Vancouver, Washington, and its general offices at 320 to 327 Corbett Building, Portland, Oregon, and it holds franchises, and has looked forward to territory which is one of the richest in the Pacific Northwest, being government harbors, having the largest sawmills and shipping more lumber than any point on the Pacific Coast. It enters into one of the richest coal fields in the State of Washington, dairy countries, and, in other words, it is one of the richest territories of Washington or Oregon. This is a big element in the success of this corpqration. Great Profits in the Telephone Business That there is a good profit in the telephone business is a fact. It is so universally acknowledged that it seems unnecessary to dwell upon it. A small investment in the stock of the Bell Telephone Company made years ago has made many an independent fortune. At the" present time there are more Independent Telephones in operation than there are Bell phones, and there is just as much money to be made out of an investment in the Independent Telephone Securities now as there was when you could have bought Bell Telephone stock at their first offered prices. Table of Telephones in Use in Various States Arkansas 13,236 Independent, 11,885 BelL -California' 43,000 Independent, 85,000. outside, San 'Francisco. Indiana 200,000 Independent, $20,000,000 invested. Iowa 200,000 Independent, 125,000 Bell Telephones. Missouri 75,000 Independent, 30,000 Bell telephones. Nebraska 25,000 Bell telephones. Illinois 200,000 Independent, outside of Chicago. ' Ohio 250,000 Independent, 130,000 Bell telephones. Pennsylvania 150,000 Independent, 25,000 miles of toll lines. Philadelphiar-25,000 Independent, 25,000 miles of toll lines. West Virginia 28,000 Independent, 16,000 miles of toll lines. Furthermore, you do not have to take the risk that was necessary when the telephone business was in its infancy. Since its inception the telephone business has been classed upon one of the most lucrative places in which large capital can be invested. At the present time throughout the country Independent Telephone Companies are established side by side, together with the Bell companies, and enjoying a much greater suc cess and having a greater monopoly. Two important factors create these Conditions: First, the average redblooded man has no love for any great monopoly, and public sentiment has been a great factor in establishing and making a success of the Independent or Home Telephone Lines. Second, the Independent Telephone Lines have the advantage, in being built, to pjlace new and up-to-date equipment at the disposal of their sub scribers, without being compelled to lose the capital which the Bell has already tied up in old equipment. They are in a position to secure, and have in their employ, the most competent telephone men there are in existence. Home Telephone Company Franchise Pays Los Angeles, Feb. 14. The Home Telephone Company which five years ago obtained a franchise under a newly passed legislature act, today paid into the city treasury $14, 588, representing 2 per cent of its gross earnings during the past year. The sum is the largest ever received by the city under the terms of the act. That makes a net payment to the city of $14,588, representing 2 per cent on $729,400, one year's profit to stockholders of the company." Just think of a profit in one year to the stockholders of $729,400. Pretty nearly one-fifth of the money paid tyck.to the investors of the entire amount paid into the company. That is accomplished in one year. What will the following years do? Surely not less than the first year. In five years the stockholders get their money back, and have a security that any bank will be glad to receive as collateral security. New Telephone Company Offers to Small Investors an Unusual Opportunity " The time has come when the people ought to own stock in the public service corporations, and they are going to own them, too. Jfere is an opportunity for a small investor to buy bonds and stock which should ultimately make. him financially independent. The conditions that make PURCHASE COUPON WASHINGTON HOME TELEPHONE A TELEGRAPH CO. 320 to 327 Corbett Building, Portland, Or. Find enclosed $ in (say whether full or partial payment) for bonds of the Washington Home Telephone & Telegraph Co. NAME ADDRESS f . This coupon entitles each and every purchaser of a bond to an extra 2 per cent discount when said coupon i presented to our general offices for the pur chase of a bond. possible the success of this company are many times more promising than they were when the Bell company opened and their bonds and stocks were first offered to the public. The Washington Home Telephone fit Telegraph Company will be on an equal footing all the time. .The full par value of the bonds is in denominations of $100, $500 and $1,000, carrying 50 per cent stock bonus thereto attached, drawing 6 per cent interest an nually, forever non-assessable; the profits that this telephone company will make for this corporation are almost beyond calculation. Every possible safeguard sur rounds the investment of the public's money in this investment. Telephones are a necessity. The telephone is the only public utility which thrives in hard times. We have tried to show you that this is an opportunity to lay a foundation to wealth, and whether you have large or little money, we say to you in all sincerity and candor, that you will do a wise thing if you will invest every dollar you can snare in the bonds and stock of the WASHINGTON HOME TELEPHONE & TELEGRAPH COMPANY. Don't let anything interfere, or deter you, just make a study of the facts as we have told you, and let your own common sense guide you. Every man or woman who invests in the bonds of the Washington Home Telephone & Telegraph Company at the ground, floor price, at which we now make an offer to them, will in all human probabilities he able ultimately to give dividends in excess of its 6 per cent interest on its gold bonds of not less than 5 per cent on its stock on the investment, or be able to sell within a very short time for many times its par value. Arrangements on the installment plan may be made at the rate of 25 per cent down and 25 per cent a month until paid for in full, at the same time receiving 50 per cent of the capital stock as a bonus with every sale of our 6 per cent gold bonds. Come to our office, if you can, and we will explain to you all the details. If you cannot come fill out the coupon below and mail it to us with remittance, in registered letter or by postal or express money order for the number of shares you wish. This announcement is being made in all of the important papers of the west and without a doubt subscriptions to the full amount held by this corporation will pour in at once owing to the great merits of this proposition and the excellent standing of the management We have every reason to believe that the small blocks of bonds that we now offe at the ground floor price of $95 per bond will be quickly subscribed for, and forHhat reason we urge you to act promptly and fill out one of the coupons below and send it to our office immediately if you cannot call and secure this 5 per cent discount, as this offer will exist only for a few days. INFORMATION COUPON WASHINGTON HOME TELEPHONE & TELEGRAPH CO. 320 to 327 Corbett Building, Portland, Or. I am interested in your proposition and I desire to obtain further particu lars regarding your offer. Kindly mail me literature to the following address: NAME ...... . ADDRESS .. . ....r . ., , .. Salesmen Will Find Good Propositions Awaiting Them By Calling at Our Offices Washington Homme Telephone Telegraph Co, 320 TO 327 CORBETT BUILDING, PORTLAND, OREGON PHONES A 1857, A 2351, MAIN 8115 BUILD HEW BOAT TOTOW ON RIVER f Portland Shipbuilding Com- pany Gets uraer. rom "" Nickrnn & Kelly. WILL TAKE PLACE OF OLD HUSTLEE Great Activity at Shipyards and Much New Work Is la Sight Steamer "Hercules Launched After Having ! 'i Been Practically Rebuilt. v Klckum a Kelly' have placed an or der with tha Portland Shipbuilding com pany for a- new towboat to take the .place of tba Hustler, the latter having reached tba and of lta days of useful ness. : The new boat la to bo completed ; within 0 days.- v ' The new hull will be 104 feet In length. Si fee t wide and six feet deep, or about a foot larger each way than the old one. New boilers will be pro vlded, but the old engine are as good at new and they will be Installed after having- been thoroughly overhauled. The old Huster was built In Ittl tod hu been towing sand barges for the irtn almost uninterruptedly aver since. She Is one of the landmarks of the port, moat of the towing having Deen done within tne connnea or the harbor. The new boat will be up to date in every respect. More ship building Is being done this year than during the corresponding time of 1907 and the outlook for work this summer Is said to be exceedingly bright. Messrs. Honness & Nelson, proprietors of the Portland Shlpbutld in company, are operating their plant within the neighborhood of 60 men and exnect to put on more in tne near iu tnre. Tod&v work was becrun at their yard on three contracts, the rebuilding or two large oarus ana ino iiesraer vanruard. wnicn was Drougnt nere rrom Astoria during tne eariy pan ot ino week. The hull or tne vanauara win be nr&cticallv rebuilt The river steamer unaries n. spencer Y mo r Our delicious Cod Liver preparation without oil. Better tnan oia-iasmonea cod liver oil and emulsions to restore health for Old people, delicate children, weak run-down persons, and after sickness, colds, coughs, bronchitis and all throat and lung troubles. Try it on our guarantee. Woodard, Clarke & Co, Portland, Or. Is at the yard and when completed will come out practically a new boat. New oil tanks are to be Installed and the machinery is being overhauled. A new bow is being put in. the hog posts and chains are being strengthened and the upper works are being repaired wner- ever necessary. It is said the Spencer will come out practically a new boat for the summer excursion business. The Portland Shipbuilding company Is also building a new passenger boat pany and a boat for the Kovernment engineers, the latter contract having been closed through the Willamette Iron & Steel Works. Another job on the ways there la a new towboat for the Shaver Transporta tion company. This boat Is to be isjady for service In May. At the St. Johns shipyard the tow boat Hercules was launched this morn ing after having undergone extensive repairs. The Hercules belongs to the Columbia Construction company and tows stone barges from the quarry at Fisher's landing to the lower river, where thevare picked up by the sea going tugr Samson and towed to Fort elevens, tne stone Deing aiscnargeu there and placed on cars for the ex tension of the jetty. The tuff Samson has been riven an overhauling at the foot of Jefferson street. . IN STORM OFF TILLAMOOK. French Bark, Tog and Small Craft Nearly Founder. narrowly escaped fou offering In an aw ful storm last Saturday and Sunday off Tillamook Rock, according to a report brought here this morning-Mr Captain Roberts of the French bark ' Andre Theodor. The bark was In tow of the tug and both, had to remain hove to for 48 hours. v Tha Andre Theodor - arrived in the harbor last night to load wheat 1or Europe and it was In order to save' her charter., that aha was towed .from the Golden Oats to the Columbia river. It would have expired in a few days and the Dauntlees was engaged to haul the bark up the coast. It took six days to make the run, and Captain Roberts says it was indeed lucky for the tug crew tnat they escaped with their lives. At times the seas ran so high that tne Tug was completely hidden rrom sight in the trough of the sea, and again she was almost tossed upon the windjammer trailing at the end of the heavy hawser. Everything was In read iness on board the windjammer to get under sail should the hawser part, but fortunately it held. At times the strain was awful and It was constantly feared the two craft would have to part com pany beiore the end or the storm. , The gasoline schooner Berwick, Cap tain Bowdich. was in the same storm. She, 'too, had to be hove to for several hours. She did better than the larger vessel, however, for during the first part of the blow she passed the Daunt less ann tne narx novo to. The Berwick will be at Couch street dock this afternoon to load general merchandise for Rogue river. She brought 248 boxes of frozen steelhead salmon. ASTORIA TO GRAYS RIVER. New Owners Will Operate Steamer Wenona From Astoria. Astoria. Or' Feb. 19. Tha Callender Navigation company has sold Its steamer Wenona to Captain William Hull. John Johnson and Oscar Olsen. all of Grays River, Washington, for 19,000. After being inspected she will be placed on the run between Astoria and Grays River points. TWO FREIGHTERS COMING. Norwegian Steamers Oker and Mi- . nerva to Return for Cargoes. The Norwegian steamers Aker and Minerva will be In Portland soon to load lumber. The Aker Is at San Pedro, havlna arrived there a few dava ago after having; delivered a Portland wheat cargo at the orient. She is under time charter to a Japanese firm and it is un derstood she will be sent away from here with a full cargo or lumber to tne orient. The Minerva left this port a few weeks ago for Panama with a cargo of lumber for the canal. She too is under time charter and Is to return here be fore its expiration. It Is said she will firobably be sent south with another umber cargo. ' It was rumored about this morning that the Norwegian steamer Guernsey will probably come here to load. She is now carrying coal from Newport jews to Mare tsiana ror tne govern ment. Heavy flour orders from the orient and Siberia will probably make a call for several extra carriers and It Is possible that the Guernsey will be one or these. ALONG THE .WATERFRONT. The steamer Breakwater leaves fo Coos Bay this evening. Tha steamer Atlas grounded yester day coming up the river. She missed the channel during the fog. No dam age was sustained so far as could be ascertained. The government engineers are looking into the necessity of employing the snagboat Mathloma to clear up a lot of debris that .has settled on the bot tom of the river off the old Weldler dock. It is said the work cannot be dona by the Port of Portland suction dredges. The steam schooner Washington cleared today for San Francisco with a cargo of wheat and lumber. r W. H. Hammond, formerly in charre of tha weather bureau at San Francisco, Is In tha city today on a ahort visit. Ha is accompanied by his wife. Mr. Hammond is now located at Pittsburg, Pennsylvania, and interested there in natural gas propositions. MARINE NOTES steamer Border, from Portland. San Francisco, jtsd. x. Arrived. steamer J. B. Stetson, from Astoria. Sailed yesterday at 5 p. m., steamer Asuncion, for Portland. Sailed at 10 p. m., ateamer noma city, ror jrortiana. Redondo, Feb, 18. Arrived, schoonere Expansion, Irene ana iuzon, irom Co lumbia river. Sydney, Feb. 17. Arrived, schooner Americana, rrom coiumoia river. St. Vincent. Feb. 18. Arrived. Brit lsh steamer Queen Louise, from Port land. Astoria, Feb. 19. Condition of the bar at 8 a. m rougn; wind, nortnwest za miles; weather, cloudy. Tides at Astoria today---Hirh water. 2:25 a. m., 8.1 feet; 2:10 p, m., 7.9 feet. Low water, z:su a. m., s.i ieei; b:ju p, ro., 0.7 feet. ' TRAMPS KILLED IN CALIFORNIA WRECK (United Preu Leased Wire.) Del Monte. Cal., Feb. 19. A broken arch-bar under an oil car Wrecked an east-bound Southern pacific freight train yesterday, throwing eight cars from the track and demolishing seven of them. None of the train crew was seriously Injured, but there are reports that three tramps were caught in the wreck and are missing. The story Is told by two tramps who escaped unin jured and who say they hadthree com panions. Conductor Kretsinger, who was in charge of the train, was thrown across the caboose but was only slightly hurt , -. Ttehlnr. bleeding, protruding? or blind nllea vlafd tar Doan S Ointment Chronlo cases soon relieved, finally cured. Drug- gists all sen it. SEDERS AT WAR WITH QILLNETTERS (Special Dispatch to The Journal.) Astoria. Or.. Feb. 19 The Columbia River Pound Net and Seiners' associa tion has adopted resolutions condemning the action of the gill-net fishermen tor their constant endeavor to abolish all fishing appliances except srlll nets. A ?1 "H?n WR? fi80 Passed commending the action of the governor of Wash ington in appointing a commission to frame laws lor the protection of the fishing industry in the state of Wash ington. The association pledged itself th r V ki i " laa ael8aiion from ww vuiuuiuia a 4 v ci PERSONAL. H. R. Spencer, oriental representative nf tha Pnrrlanrl TPlst4 . Will- pany, lrJn the city on a vacation, after Ladies I Madame Tracey, just from the east, has opened a first class Ladles' French Suit and Dressmaking Parlors, In the Mllaer jDulIdlng, park and Morrison., streets. Madame Tracey's lone; ex perience In tha fashion centers Of Europe enables her to import tha very latest and the most exclus- , sive Party and Evening Gpwns, t Cloths, ' Corsets and Gloves, r "Htfr specialty," tailored, Suits . and Skirts. Madam '. Tracey cordially invites the e public to call and inspect these goods and get her Special Xow" Prices .. .... . ' " J'.i'.