The Oregon daily journal. (Portland, Or.) 1902-1972, May 17, 1908, Image 58

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The Oregon daily journal., May 17, 1908, Page 58, Image 58

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING,' MAY 17,1903. hide merchant, who has land "holdings In different carts - of - the- i-itv ham In Foreground With the Best greater faith in his tract on the Salem line than In all others, and believes that the same acre tracts which he is now selling from 2S0 up will sell as high as 11,000 In a few years. The exten sive branch lines announced by the Oregon Electric company are stimulating the whole valley, and . not - until now have the public began to realise - that they were so near to Oregon's metrop olis. ' The home builders . and Invest ment seekers follow the trail of tho trolleys, and Metsger being on the sUna of. the whole electrie system, Is likely to be one of the. important townsites on the line.. Metzger tract was platted this spring and It Is being cleared rap idly. The streets are being opened, the telephone la already Installed. A 10 acre natural park adjoining the' sta tion will be preserved perpetually. Jfhe underbrush will be cleared, paths made and seats built. There Is, a fine trout stream running through It The park contains about SO different species of trees, some of which are as straight as a plumb bob for a height of 100 feet The tract extends back close to Tay lor's Ferry road leading to the. city. SHOWED FORESIGHT. ' Chapin & J Herlow Secured Many XMarguljis Is r( Oirife Grounds r .f V i ' 'r ' ... - ' t ... :: - Z -' '' & '" ' " t : -..... :,- I 1,,. 1 Ml 1 I lf A 1 ... t 1 I f I I III I. ' " "II I fit . I Ml elate lertiffiicaites W.'H.ChaJ?la. Mr. Chapin of Chap In A Herlow. real estate dealers, is a oromlnent man who. , with hi associate, Mr. Herlow, were not slow in listing much property along the Oregon EUectrTo line.- Foreseeing the POSSlDUl through but foreground with Oregon's best.. nsslbllltles afforded by the new line 'Ugh heretofore almost inaccessible rich country they are now In the L 0. Ralston Is Optimistic if L. 0. Ralston. .Mr. Ralston foresaw the possibilities of South Portland and judiciously ac quired South Portland Heights, which Includes Green's and Sweeney's addi tions, extending from the Macadam road well up to the crent of the heights. He predicts ereat thlnas for the southwest part of the city in the line of manufac turing concerns deaeBir ! and handsome resl- IWfLAND ADVANCES Bssl X stats alues ZArrely Zaersas In Brery Bsotloa of the City. To many who are not familiar with Portland business real estate, it will prove interesting to learn of the exten sive increase in values as demonstrated by facts gathered' -and comparisons made between prices of six, or seven years ago and present prices.. These figures nave been made by a company now compiling information upon that subject for their use in connection with a real estate contract Issued by them on a guarantee plan. Of course, many of our wealthy clti sens are fully advised on this subject, but as the majority are always thosa of lesser means and more Interested ,ln real estate of smaller values, they do not have occasion to Investigate busi ness real estate advancement. The casual thinker usually makes his estimate from the ineome paid through rental or lease and rarely devotes much thought to Increase valuations, while In fact, the profits Rained from Increase, quite often exceed the Income from rentals and this Is well illustrated by the following information which proves Mist Oregonfans have good cause to be firoud of Portland and the fast- grow ng fortunes which are being accumu lated oy owners or tnis class of prop- Fine Tracts Along Salem Line. ' ChaDln A Herlow were smonar thf first to secure large listings along the Oregon electric line and resort much activity in acreage thrqughout the val ley to the south. They have tracts , of various sixes at ' Multnomah, Tfgard- vllle. Durham. Tualatin. Tonauln. West vroouourn ana at oiner places com prising cleared and partly cleared and nigniy cultivated . land, and -many fine orchards ranxinr In - price from tias to $600 per, acre. Chapin A Herlow expect great development all along the new oaiem line ana lis extensions. CAP VIS0RS7 The Making of Them a Business by Itself Millions Turned Out. There is one maft In the business who In 1909 will have been making cap visors for half a century, an he isn't such an old man either. He started at the trade as a boy In 1859, working for a concern Of which now he is the head, which was' then established In a build ing at Broadway and Rector streets, where the Empire building now stands. He recalls the fact that when the war broke out they worked night and day turning out visors for soldiers' caps. The manufacture of cap vlsora is a business by Itself. Only about 15 con cerns are engaged In It, of which num ber all are In this city save two or three located In Philadelphia and Bos ton. New York supplies visors for can manufacturers mil over the countryM uiuuunng in ui aggregate millions or them annually, For the verr ehe&nent elntk oana Visors are made of cardhoanl nanr nr of Imitation leather covered with the cloth of which ' the cap body is .made. For other grades of cloth caps visors are made of various sorts of llaht leather, and for some cloth caps of i ' Jv Margullla.' Mr. Margullls Is the agent on fhe ground at South Portland Heights and plays an Important part in the improve ment of the district. He has built many homes and is now erecting a four apart ment flat fine quality there are now used, be cause It is lighter than leather, visors made from a heavy, specially woven and watemroofed canvas. .For vlsora there is now made an lml tatlon leather composed of bookbinders' board and what is called moleskin, the two being cemented together under pressure. In a made up cap, where Its ran oouia noi uo seen, mis muenu mlKht Dass even an exoert for leather, The best leather visors are made of leather specially tanned and prepared, Take the country at large and caps are not used by people In general for ordinary wear so much as tney were 60 years ago, but caps are still worn in Teat numbers by younger people ana y sporstmen and travelers and golf players, and or unirorm caps or one sort , and another there are now worn 800 per cent more than 20 years ago. A very simple uttie tning a cap visor might seem, but great numbers or tnem are used, and in a factory where they find make them you would of leather or other materials around rolls and sides and hundreds of dies and molds for the cuttlns- and the shaping; of the visors. and men busily at work following visor making just as tney mignt any otner trade. iinZXIBSXraESEKIBEKBBBKSasTCCiraEHZiaXUXXXXZKKXZ erty. We quote from estimates made by the investment aepartment or tne company referred to, One lot on the west side of Fourth street, between Stark and Washington, sold for I3S.000. and now cannot De purchased for (80,000. A piece or property on Sixth street, be tween Ankeny and Burnslda sold foi 170,000, cannot be purchased'for $210, 000. Lot 8, north half of block "J", sold for $15,000, cannot be bought for $35,000 Northwest corner Fourteenth and Washington sold for $25,000. and $86,000 would not touch It now. The largest increase noted was lot 17, south nan or diock so, nortnwest corn FARM BARGAINS 80 ACRES NEAR TIGARDVILLE and only y, mile from carline that is now being built from Tigardville to Newberg; 60 acres is in crop, balance in timber and pasture; fair house of 8 rooms; good barn and other outbuildings; a good farm team, 7 cows, 1 bull, 4 heifers, 26 swine, 6 dozen chickens, new cream separator; 5 acres in choice fruit, all the farm-implements; everything for $10,500; easy terms. A GOOD INVESTMENT 320 acres of very rich unimproved land, 17 miles from Portland for $30 per acre; a bargain. H ,140 ACRES, 1 mile from the Columbia river, about 35 acres in .cul U tivation, balance in timber and pasture; all kinds of fruit and a very M fine cherry orchard of 300 trees 11 vears old: 4room houae. new H barn 40x44: one mile to R.r R. station and boat landine: price, includ- Jjr.iig horsaa, cattle and farm implements, $4,700. - r v - , . 40 ACRES 6f very rich land; more than half of this farm is in cul tivation, a good family orchard, large new barn, and a comfortable house, with abundance of living water; $3,500. 60 ACRES This is a first-class farm and is offered at a bargain price; contains 60 acres, part of which is very rich bottom land, and m cultivation, small orchard, a fair 6-room house, new barn 60x66, cement foundation. This farm is .well, watered by living springs and a beautiful stream. All stock and implements go with the farm; 11 high-grade dairy cows, 1 heifer, '1 bull, 1 team of young mares, farm wagon and harness, top buggy and single harness, plows, har rows, cultivators, mowing machine and rake, cream separator, all small tools; this farm is well located near a good school, churches, and storesvon cream route, R. F. D. and telephone; $5,250. 252 ACRES, 175 in cultfvation, balance in timber and pasture; 4 miles from railroad station, one of the best farms in Marion county; price, $50 per acre. gj. A,KE.a, ugniy improved, near Tigardville; $4,000. Alfred A. baker s ws j m vusl v p H 2 15-21 OAblngton BIdg., 1063rd St.,Portland,Or. aESEEBBEBBXBCESBESBSEEBBEEKEHXEBEEEBXEXXXBSBSEBEEEsi ilSBEEEEE3BBXESBSBXSEBXXEE3EBBBBBESEEEBBBEBEBESEES23 er Park purchased for at more than and Stark, which was !3,000, and now held $50,000. These sales were all made between six and seven years ago and Portland can wen ue proud or its giant a strides. METZGER ACTIVITY. ; Evory Tram Stops There and Many Tracts Being Bold to Citizens. That Metsger station Is an import ant milestone on the Oregon electric line is quite .apparent from the large number of passengers that get off and on every train each way. A station has been erected and It keeps a num ber of salesmen busy guiding prospect ive buyers over the Metzger acre tracts, which number about 800. Herman Metser, the Front street Acreaga on . the;SaIem Electric line rv o iirtt owrtiw vtntturt wrfBgv-iWMlB at Durham station, S5 minutes ride from the city; In. cultivation, all fine level land, no rock or gravel; Southern Pacific Is also building through this land. For a suburban home with suf ficient ground for berries, garden truck and poultry, this cannot bo equaled. Acreage of .same quality and distance f rem town sells at $600 per acre, We know of no acreage that has eaual chance to increase in value than these acres, investigate our proposition. ( Small Farm Homes The following : places - will all .lay within H a mile or electrlo line now In course of construction: v 13 sores, in cultivation, nice, newly built house ef 4 rooms; good barn and outhouses; stock and implements in cluded. Price $2,000, half cash. 16 acres? all Jn-cultivation, fine home of I rooms. 8 acres walnuts, 4 acres cherries. At . a sacrifice of $J,!60. .half -cash. - ' ; ' Si ,. ,,j 10 -acres, all In. cultivation,' 4-roqm house, .barn- and outhouses; H-mile from It. R. sUtlon; $1,800, $1,3(0 cash. ; THE CROSSLEY COMPANY, Inc. : : 708 and-709 COKBETT .BL.DO. 1 J'honesHoms X 67SJ, ilaln 7S6i. SI ACIES 1 MUe From Salem Electric Line Fifteen miles from Portland all in cultivation. acres beaver dam, 3 acres now in onions. Some fine meadow and other crops; 2 acres orchard and plenty small fruit; good house; new barn and onion house; good well and place all well fenced; 1 pair mares and colts, 1 cow,.l heifer, 10 head of sheep, 50 hens and chickens, 2 wagons, 1 hack, double and single harness, 1 fanning mill, 1 plow, 1 harrow and all other farm implements now on place. Price 12,500. $4,500 will handle this, balance 6 per cent. Beaver dam land sells all aroundliere at $500 to $800 per acre. m 708 Swetland Building. Fifth and Washington Streets. "EBEEESZEEESZEBE3SEEXZ33E3fln3SEE3ESSEE3BEflZEZEZBEEE. ATDPAHP FIaIsTsIa VitllTt 111 aM A V T tanam Int. ""WM lUUi lllUIli:? Proved and BEST BUYS And Terms Stevenson & Taylor unimproved. Tone Bet ter en the Xarket. AXS XXABQVAHTXBa TO BUT OM CXU WHAT . TOW SCAT WXSK lO A0BS8 oh carline, at Multnomah M11U1I, ... T-U.TT J Wl muurj , iiua Will be Ro are,. 16 minutes , ironf.ctty - B3SO per acre. -v ". lO AC3tr -mlle from carline and . on countjr road 8249 per acre, . S ACBZ All In fruit and well lm- -provea.. H-miie car B5QO per acre. 3 ACBESIn orchard. $S65 down, or will take team as payment, and a loan of $58 in t years, ror 8300 per acre. 16H ACBES, with enough- timber to clear it 1500. :-. 7 AOSZS, facing on the carline In the best town on the line g65 per If ton. save aaythiaf la real estate that yen want to toj, ssU or trade, see s. 286& WAMUNOTOIN STREET Just Exactly What the Investor Wants BECAUSE Their sources of profit are: good rate of interest, liberal income, substantial increase value, and cashable with a 1)onus, after two years from their date of issue. AND BECAUSE iY V. ' You can icash them without, having to sacrifice any part of the purchase price paid for them or any part of the interest accrued on them, for they are guaranteed, principal, interest and bonus, under a trusteeship, and such guarantee is1 surrounded in a way that is absolute. THEIR GUARANTEE v The Standard Trust Company of Portland, Oregon, guarantees these certificates, principal, in terest and bonus, and agre.es to purchase them at the option of the holder, two years from their date of issue, paying their full face value with accrued interest and a bonus of 2 per cent per annum; this enables the investor to cash in these certificates on a moment's notice and at a premium, and in conjunction with the fact that they have been a source of constant revenue to the holder, should make them an exceptionally good investment. You must admit. any investment that you can cash in on demand during banking hours, receiving a bonus or premium thereon, is a good and desirable one. THEIR INTEREST These certificates carry guaranteed, interest under trusteeship, at the rate of 4 per cent per annum, paid semi-annually and accrued from May 1,1908. We are not charging you anything for th accrued interest, that beinga part of the certificate itself. ' THEIR INCOME One does not have to look far to determine the large income acquired from rentals, partial- larly in business locations, and while such income varies m accordance with improvements, still a fair average may readily be estimated at from 8 per cent to 15 per cent per annum. Taking this lowest estimate of 8 per cejnt, and giving the certificate holder one half, which is 4 per cent; add this to the guaranteed interest and you have 8 per cent on the minimum estimate. You admit this is a good rate of interest, particularly on small amounts of money invested, and when you are relieved of all the care and attention which is usually attached to an investment in real estate. To this 8 per cent you must add the increased value of the property held in trust for these certificates. In vestigation of property sold during the past seven years, and their present assessed value, shows that increases have been from 175 per cent to 400 per cent. This, a fact of record, can well be considered a fair average, The property referred to was taken as it happened to appear and without selection or choice.' ' . - We wilt cut these figures and make our estimate on a basis of 150 per cent in ten years, with the. chances of it doubling. This gives us 15 per cent per annum, half of which is V2 per cent, and this, added to 8tper cent, would give us an average t3t 15 per cent per annum, with as much more as the additional increase of values during the life of these certificates. INCREASE VALUES This subject is a most flattering one, arid when investigated, goes far towards proving that Portland is growjng with the strides of a giant. In comparing the assessed value of today with the selling price of six.or seven years ago, exclusive of improvements, we have facts which should make the investor "sit up and take notice," showing increases of from. 175 per cent to 400 per cent, and these properties are not for sale now, even at the price which makes such increase. j. YhUe these increase value 4nay appear excessive to the small investor and those not in touch with business real estate conditions, the larger investor, the man with much wealth, is reaping the fruit? of opportunities which have been out of the reach of the man with stpall means, who has not been able to buy business real estate. THEIR BONUS The Standard Trust Company will purchase these certificates two years from their date of issue, paying the original sum invested in them with a bonus of 2 percent per annum, and all ac crued interest thereon ; this being under a trusteeship, which should guarantee these certificates go ing above, "par and selling at a premium, in the near future. OPPORTUNITY Information and knowledge is the principal requisite for opportunity. The small investor hav ing heretofore been unable to invest his money in Business Real Estate, has not made himself ac- quamted with the large profits of that, the most desirable of all real estate, hence he buys suburban lots, 'taking the chances of the city growing from, as well as towards him, but he had no other course to follow, and he took the chance of "the city growing the other way." BUSINESS LOCATION There is no opposition voice regarding the Business Location of Portland being fixed and'1 6ettled. Larger buildings will be erected, improvements will be more substantial, and the business ' portion will expand and increase, but the location is permanent, and while its expansion may encroach on adjoining property,' there will be no change of its present location, hence, business property in Portland will constantly increase in value, and great promise is given to those who can get in now . even in a small way; our certificates provide for the investor of small means. OPPORTUNE MOMENT ' Ya'ues are constantly increasing expiration of leases means increased rentals increased prof-,. its and increased income. If you had invested six or seven years ago, the increase would have made you rich in proportion to the amount of your investment. If you invest now, the increase of six or 4 seven years hence will bring you like riches, and your riches will be numbered in accordance with the amount you invest in Gold Coupon'Real Estate Certificates. ' " INVEST Under the conditions now existing and the opportunity offered through these certificates, it would appear that the safest and most profitable investment obtainable, is Portland Business Real . Estate, and the sooner the investment is made, the larger and quicker the profits. CERTIFICATES . These -certificates are issued in denominations of from $25 upward, enabling those in all walks of life to participate; in the income from property, which in the past has been out of their reach and confined to people of larger means. The small investor has undoubtedly considered the past unequal conditions with much regret, and should greet the Gold Coupon Certificate as an opportunity of equal rights and equal profits.; ' There is no longer any occasion for such regrets, as the opportunity so long wished for is at hand -and you can now secure the investment you have desired. Come and see us, do not hesitate to ask: questions and as many of them as you like, for we are always pleased to give full information regard ing our certificates. , ! - . NON-RESIDENTS . , r .J"; U Those away from Portland have the same opportunity to invest in these certificates as has the resident' of this city, and so long as there are any certificates left unsold, we will be pleased to make reservations on written .request. Any written inquiry or order for -these certificates -will re-" " ceive our prompt attention, - - J Calf On or Write to teSl andard Tryst Compamiy Phone Main 8623 , Wm. H. Garland,' President. "I. W. Lane,: First Vice-President. A. J. Dillon, Second Vice-President John B. Moon, Secretary. 265-67 Stark Street Chamber of Commerce B!&, PortlandOregon OFFICERS t ' ' . . , H. P. Davidson. Loans. , : E. L. DeKeater, Cashier. , - W- V.. C M. Sche'rer. Trut Officer. A. E. Clark, Counselor.