THE 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
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i
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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.
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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.
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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.
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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.