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'.