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