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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (May 8, 1908)
22 THE OREGON DAILY JOURNAL POTTTLAND. FRIDAY EVENING, MAY i:. 8, 1908.- -r rr ' : j r: : TTtiiS AD deseesypur at- Ji teritiori liarity as well as its more im- tits. It is the forerun ner of a genuine bar gain s essi on in high residence lots we authority yesterday to sell i, il. f : 4 1 J&. a? -2 a. 4P 1 at much reduced prices But we are under contract to sell the remaining 120 lots by the 6th of June. , The story is all hinged upon the re cent financial stringency which has harassed the east since last October. . The "rich man's panic," which has - forced one of America's riches! women, Helen Gould, to close her charitable in stitutions and driven hundreds of America's wealthiest men to raising 'money on their life insurance. Two years ago a party of wealthy eastern men came to this city and in vested heavily in several choice pieces of city property forming the Munici pal Railway & Improvement Company among themselves, as a holding cor poration, .One of the largest deals of this company was the purchase and improvement 'of the beautiful residence tract now so familiarly known as Ter race Park. l Now these men, who were "big fel- lows, a year ago witnoui any expec tancy that they would ever be pressed for ready money, find themselves ; "caught up," pinched for collateral; , "squeezed" and "squeezed hard." The Municipal Railway & Improvement Company is frank regarding its finan cial condition and asserts that it must ' realize in Portland if at a serious loss s . if. they want to save anything out of their eastern assets at all. They figure, and wisely, too, that it is better for ' them to sacrifice here, where their .more, speculative interests are, than at homej where their names are familiar only in, purely commercial circles. Hence, down e-o the Drices of beautiful Terrace Park at the very moment when we were expecting instructions to raise . them, but vcrv Inf miicf h cnM mif : not -quarter oil half sold, but all, by . June 6. It does not follow that cash must be paid in order to realize these conces sions the M. R. & I. Company have the assurance of one of the strongest Portland banks that all Terrace Park long-time contracts will be accepted by them and money advanced to the maxi mum allowed on real estate contracts.. Therefore the same terms will prevail: Ten per cent down and $10 monthly, the only difference being that up to 25 per cent has been chopped off the orig inal prices at which Terrace Park lots were sold. Terrace Park was always a bargain, but it is a bigger bargain now. This startling revision has no bear ing whatever on the Spanton Company. We are today just what we were always selling agents for Terrace Park and as selling agents are merely doing what we are told. We have gone along as appropriations have been made, filling every promise, grading streets, arranging for gas, electric cur rent, water, etc., and we venture to say that the men and women who are now owners of 246 lots in Terrace Park are '.the most pleased lot of investors in Portland today. They see, as everyone does, the certain future of thejr invest ment on account of the phenomenal growth in this direction. Frankly, the Spanton Company is mighty glad of the chance to sell a prop erty, which is accepted by all as high grade, at such a drop below the market, though we'll admit that were we not now carrying such a volume of Port land property or had we received a month's notice that this was going to happen, Terrace Park would now be the property of the Spanton Company, ab solutely, and you would be paying 25 per cent more instead of being made a present of, in some cases, 25 per cent of the actual market value. Here Is a Schedule of Prices and DiscountsRead It: " A lot we heretofore told for $400 can now be bought for $320, $30 down and $10 a month. Or by. buying two lota , we are authorized to give a discount of ZVt per cent, or $312 for a fall sized lot Or by buying four lota we can do better still, ' giving 21 per cent discount and correspondingly easy terms for the future payments $30 a month. A straight -discount of -25 per cent will be made to homcbuilders if construction is started by June 6th. This shows how dead in earnest the owners are in their, order to close out the property at once. An additional discount of 5 per cent for all cash purchases. AGENTS WANTED We cannot allow any better commission to agents on this property than any other, but the proposition is so strong that selling is easy.. One lady sold four lots yesterday. No agent can fail to get attention with such su perior lots at a veritable bargain -counter price. Have you ever' been ' out - to 'Terrace v ..4" fit. rl oncinfflpf 1 4 1 A fAif a ' SG tral . a few minutes' ride could give you. The 'lM. V. line runs tn the verv threshold of Terrace Park, and progressive and . prosperous Montavilla, the fastest ex panding environ of the citv. is stretrh- Si. m.. . . .. . : . US PTOWtn 3 ohmit h.e nrnnarfTr " The commanding view from here of all the snow peaks and the elevation eTerything that appeals to a nature ' lover will mark it in your mind as dne . or rortland s most fascinating beauty spots, and one that can never deterior ate. Rigid building restrictions insure ; : home owners .for-all time; against the shack elemenU-which, is the bane of ; nearly all sections of the city proper; The tremendous improvements being V made between here and - the Country Club are going to be another factor in the advancement of prices. - We anticipate a confirmed rush for the choice of the remaining 120 lots, so would advise the earliest possible act ing if you intend to look into the matter,' We must say that this wholesale reduc tion of prices onwhat is considered to be a gilt-edged property creates what . is unqualifiedly the (grandest, oppor tunity that has occurred since our com mencement here. June 6 ends the tract up on that date a. distribution of cash, contracts, etc., will be made, but at these prices we shall not require more than half the time. V CAUL, AT EITHER OFFICE 270 Stark Corner of Base Line Road nnd f-Ilbbard St.9, A1ontavtlIa BRIGHT FUTURE FOR EAST SIDE v ' . , Banquet Board Surrounded by Enthusiastic Busi ness 3Ien. j m MEM : About 60 business men attended the banquet of the East Side Business Men's oluft at the Heyser hotel. East Third and Burnalde streets, last night. Plans for lmprovlns the east side and indue ins the establishment of new business enterprises were outlined in Informal discussion and a number of Interesting- uuioot were uiauo py wen-Known business men. In the absence of Manntrxr Tom T?!rh- ardson of the Portland Commercial club. C. C Chapman of that organization made tne principal address of the evenlnar. Mr. Chapman said the enterprise which east srae people nave shown In buildlni ud that part of the citv is deserving o the highest commendation and that tha progress being made in this section' is attracting the attention of new canltal. He predicted a bright trade future for East Portland. President Blralow of the club intro duced tne speakers and acted as toast master, in opening: the meetina- Mr. Blselow referred b.-lpfly to the work that has been accomplished on the east side since the Business Men's club be gan its boosting campaign. He pointed out the extensive building operations which are at present under - way. the opening and paving of many new streets, the securing of better trade fa cilities and many other lasting benefits which the club has been Instrumental In securing. JTeeA of Parks Emphasised. "Civlo Improvement" was the subject of an Instructive address by W. Wynn Johnson. The speaker urged the co operation of all in . making successful the east side demonstration for the Rose Carnival. He especially eulogised the management of the big children's parade. He thought the board of edu cation could have gTeatly helped the success of this feature by Its coopera tion. He emphasised the need of parks, boulevards and children's playgrounds and; said that the more there were of these the sooner Portland would take first place among the cities of the west in point of residence desirability. R. O. Inman followed with an address in which he reiterated what Mr. John son had said about parks and other public improvements. He spoke with satisfaction of the proposed establish ment of the Swift packing plants on the peninsula. H. H. Newhall warmly praised the work of the east side clubs in their work of boosting for their own district. Pioneer woodman Speaks. C. H. Raffety related some experi ences of early days and his talk was listened to by an audience of relaxed countenances. The Woodmen of the World were rep resented by J. M. Woodworth. who said that his lodge would give an exhibition drill on the corner of East Alder street and Grand avenue on the east alders' night at the coming carnival. President Blgelow, who acted as toast master during the evening,' closed the speeches by referring to the pleasant time all present had experienced and hop ing for an even better attendance at the next annual banquet of club. The club appointed a committee of 20 men to see the mayor and executive board and ask that East Morrison - street between Union avenue and the bridge be im proved. The list of Invited guests for the ban quet follows: George Dllworth, C. A. Blgelow, H. A. CaleS J. W. Singletary, 8. H. Brainard, O. S. Fulton, A. W. Lam bert, J. C. Cassou, I H. Morgan, George P. Achley, W. O. Munsell. A. H. Averill, R. L. Darrow, Clyde Evans, Dr. W. C Adams, G. W. Griffin, W. H. McMonies, C. A. Baker. A. U. Green. J. W. Green, tj a Wilson. V. H. Bennett. K. Worn selsdorf. C. H. Kaffety, J. J. Keyes, W. B. Hall. M. M. Ringler. W. W. Mitchell, H H. Newhall. O. E. HelntZ. D. A. cinnA Tt Schmner. W. 8. Love. E. R. Gelinskv. H. T. Hermann, A. A. Kad- derly. C. C. Chapman, James Rudiraan, W. W. Mlnar, W. M. Jackson, R. V. In man. W. Wynn Johnson, Curtis Sargent, J. 11. woodworm, Li. a. wens. Tomorrow and Monday positively the last days for discount on west side gas bills. Remittances must be received be- A j ifr - We are offering EERY DAY in the year the two greatest lines of cloth ing in the United States At ft D01HRS We show hundreds of suitsthe equal of any suit sold elsewhere in the city at $15- Guaranteed in every way Your money refunded if not satisfactory At We show suits that are marked in uptown windows at $20 and $25 Come in and make lis prove it. WHEN YOU SEE IT IN OUR AD ITS SO MOYER 3rd and Oak 1st and Yamhill fore discount period Gas Company. expires. Portland LANE MAKES BID FOR T GROCERS OfiVEH Mayor Lists Attractions of Portland in Invitation to Association. Mayor Lane has Invited the members of tha National Retail Grocers asso ciation to hold their annual convention in Portland next year, and to that end addressed a letter yesterday to John A. Greene, president of the association, setting forth the advantages of the Rose City for convention purposes. Mayor Lane also dwelt upon the glori ous Oregon climate, the beautiful rivers, green fields, snow-capped mountains, and, best of all, the fact that Portland has "a larger number of beautiful women in proportion to its population than any citv in the world." The grocers are in convention at Bos ton, and Mayor Lane's letter was sent there. The letter follows: "John A. Greene, President National Retail Grocers' Association. Boston, Mass. My Dear Sir: On behalf of the people of this city, I wish to extend to the members of the National Retail Grocers' association, in session in your city at this time, a coraiai invitation iu hold their annual convention in this city in 1909.. t A "No rimiht the members of the Na tlonal Retail Grocers' association will receive many invitations . from many different cities which wish to be hon ored with their presence during that time, but I wish to assure you that in no other city will they receive so cor dial a welcome, nor has any other city so many attractions to offer to them. "The city of Portland is rapidly f rowing and is prosperous. Its loca lon is one of the most beautiful in the world. The climate is balmy - and in vigorating, and has no equal. It offers the most beautiful scenery, with its green hills, snow-capped mountains and beautiful rivers. It has also a larger niimhrr of beautiful women in propor tion to its population than any city in the world: .a number of whom are still unmarried, and they are worth a trip around the world to seeV It is a city noted for its open and generous hearted hospitality, and It has the facilities and the means with which to show its good feeling to its Visitors. "In every .way this city is easily the first and proper choice . for a place in which to hold your next annual conven tion, and In the name of the city I ex tend you a cordial welcome to do so, at the same time assuring you that If 'you accept tha invitation' your visit nere will linger in your memories with a loving tenderness, growing greener with age, until every otner pleasant recollec tion- has faded rrom your mental vision. . - ' - ' , . . "With bst wishes for a pleasant and profitable meeting during your present session, and earnestly hoping to meet you all -In person in 1909, I am, very sincerely yours, il-A-tlttX iijvrtju, mur. Ttfount Hood" brand, all slses, 39c. Sample Shoe com pany, first ana Maaison. Men's tl dress shirts, Metzger, optician, 841 Washington. SATURDAY BARGAIN DAY AT THE WON DER PRICES NO OBJECT TOMORROW. Every Trimmed Hat in the House Reduced, COME EARLY FOR BEST 'SELECTIONS. The Wonder Millinery Co. Save the Discount. Send rheck or pay at office on or be fore the 10th to save the discount on May bills for the Automatic Telephone. HOME TELEPHONE CO, Corner Of Park and Burnslde at. American prints and percales, 8 and lOo quality, 6c a yard at Bannons. See page 8. Sentenced for Larceny. Alfonse Ouentier. convicted of lar ceny by a Jury in Judge O'-Day's court a few days ago, has been sentenced to serve two months in Jail. The defendant has already been In Jail three months. He was charged with stealing $68, a watch and two foreign coins from the room of Alfred Trlppe. Spectacles 81.00 at Metsger's. xsaKBSsBinESEissscssKazzszaai! R THAN EVER OUR GRLAT LINE, OF For MEN and YOUNG MEN " Corner t Morrison and First Streets. BETTE Mug i I ! Gothes 3 Big Specials $1 0.00 $15.00 $20.00 a We have no competitors when h comes to suits at these prices. We can save you $2.50 to $5.00 on any suit. ...... L. - HEADQUARTERS t . For Genuine Panama Hats $4.00 to $20.00 n Glpthiiigl COR. MORRISON AND SECOND STREETS v - - THE BIO MILLINERY HOUSE. 1
