The Oregon daily journal., June 21, 1908, Page 58, Image 58

THE OREGON. SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, JUNE 21. ICC J.
illllEE YEARS OF
HUGE STRIDES
Writer Calls' Attention 1 to
Remarkable Development
on East Side of Kiver
building activity;
greatest on kecord
Xew Homes Prominent Feature on
East 'side Car Companies , and
. Railroad Corporations Add to En
ergy Evinced. ,
To the Editor at The Journal Hav
you ever taken a trip over to tha east
elde and have any of the reporters of
.your esteemed and valuable paper wan
dered from , their "own fireside," and
got across the creelc where develop
ment is spelled with capital letters and
Hold leafed so that It stands embla
zoned on every hand and In every sec
tion of the entire district till the very
sir seems freighted with that symbol
of progress and prosperity? If you say
"no ' to this inquiry and evince a desire
to make trip to the Chicago part ot
1'ortland, you need but say only the
word and I will endeavor to give you
safe conduct through this part of Port
land where the last sound you hear at
night, before closing your weary eyes
Is the sound of the saw and the first
sound -you hear In the early dawn of
mom whAn vnnr wpflt did a merchant .18
dead to all the world, is the sound of
the hammer; lor east Bias peopie are
Jiustlera ana worjt an ma time ana nvm
only in the arms of Morpheus as a ne
CKssitv to woo from the goddess of
strength renewed vigor for the work of
Tomorrow. -.
Sweep of Frogresslveness.
Cia. Lake vourselvea awar. tf you Will.
to the far northern boundary of the
city; atop; survey toe country wim
vour fve: tska a Eood look around you:
slie up the situation, but remember
your surroundings in every aeiaii,
write the Impression on your memory
with an indelible pencil: hen come
again a week later ana nonce me ao
velopment It will startle you. Here
where one short week ago there may
have been 100 houses, today you will
se 125. - From there you travel over
the various additions of the east aide.
Any place you go development is still
ha atrhwnrd at the hour.'
Then, after leaving; what was a few J
years ago me suourtts, you inn a a. nori
walk of say five minutes and you will t
find yourself in the business section j
where you find everything for sale
from a cambrlo needle to a ship's an-,
rhor. Good stores? Well, I should say
bo! No metropolitan city of the great '
west can boaxt of any better. Here is
a real city within itself; here where the
laboring roan can and does supply all .
Ms wants irom tne DUtcner, tne Bauer,
the grocer. Here, too, the gallant swain
goes forth with bride, hand In hand,
and furnishes his future homo from
cellar to garret. Here the merchant,
the doctor, the lawyer or the capitalist,
goes forth at elose of day to the club,
hut mnr rt vnill WAat RlHa nlnh hilt tfl
the east side club, where all the ap-1
polntments ara such as to appeal to 1
the taste of the most fastidious,
"- Hotels a Teatuxe. -'Vv'1'
Here, too, oa the east side are lo
cated some of Portland's most prom
inent hotels where visiting -strangers,
relatives or friends may find some
thing more than shelter: where they
can have a home and live in style In any
one of the In If dozen first class east
Bide hotels. This shows another spoke'
la the wheel of progress. This ia an
other finger pointing to the develop
ment Been on the east aide. If you
would sea development in Its. real sense,'
go anywhere you will on the east side
end you can see it with your own ayes.;
Hut take, for instance, a trip to tha
jienlnsula, where you can see the build-!
lug of the Hill fcut" across tha pen
InRiila, the' two bridges crossing- the 1
"Willamette and Columbia built at an
outlay in money of $9,000,000. Then 1
take a look at the .Harriman tunnels,
under this same peninsula with a net
work of tracks calling for an additional
investment of $2,500,000 and as you
emerge from the tunnel you view the
Blta of the Swift packing plant, con- i
tatnlng nearly 11,000 acres and where in ;
addition to what already has been spent i
13,000,000 more of Uncle Barn's precious
money la to be spent. j
Closer In wa find tha school board i
about to spend 4250,000 for a high school !
lo supply tne wants or tne ever-increasing
attendance of school children in the
northeast .part of, the city. Further
south and nearer the . central we find
the Christian Brothers building a large
college for the advanced student; a col-1
lege that will occupy, an entire block
and where knowledge la shortly to be
til s hed out to more than SOO students, i
As you pursue .your way southward you I
will find near the Waverlelgh tract tha
Tledemptorist Fathers erecting another i
large and imposingcollege building, so
that tha "young idea may be taught to I
shoot" . i
Extending' sau lanes.
Then there la the Portland Railway,
Light & Power company asking for
miles of extensions to their already
rreat avstem of atreet railways on the
east side, which too, in its gentle way.
Is trying- to attract the attention of the
v-fKt side people to the development now
going on on tha east side. And lest you
forget, Just keep in mind that the east
Bide Is doing Mhls development work
with four bridges and three ferries to
supply the demand for transit across
the river; -yet from tha north comes
the cry for a high bridge In addition to
the one bridge and two ferries that now
in a measure supply their wants, and
the central east. side dins your bearing
with their unceasing howl for a sub
way that the overflow population from
ih wiwt elde might not become con-
rented upon the , already overcrowded
bridges. Farther south the clamor la
pier rrnwlni louder and stronger, till
fne cannot think. Conies a clamor from I i
the southeast section of the city for a
Mower and larger bridge at Madison
Btrect. ' -:y
Yet this la only a part Of the develop
ment of tha east side. Go back flva
vears. The lowlands of the central east
pirie'wera accessible only through the
jtK'dlum of unsightly wooden bridges,
vhich have since been replaced with
three steel structures that are not only
things of beauty .but a Joy forever, to
iay nothing of the miles of substantial
streets made by permanent fills and the
vork going on night and day In order
that thev may keep abreast of tha de
wilopment. One contracting firm with,
rr.ore than 12.000,000 of - this class ot
work on hand shows something- of the
development that is going on on the
east side. ' "..'v :
AU ta Thraa Tears,
"When vou remember that scarce three
vears afro there waa not one block of
iiard-surfaced paved streets on the east
Bide, and that today the east aide has
; most as many miles of hard-surfaced
Mrpet pavement as the west side; and
l.t-ftire enow falls the, east aide will have
more miles of hard-surfaced streets than
the wst side, and before threa years
the east aide will have fully flva times
as many miles of hard-surfaced street
lavement as tha west. side, this shows
more development , , .., . ...
And. finally, the building permits for
the past five months, as for the past
five years, showed such an - Increased
ratio over that of the west side that it
wakes comparisons odious. Since the
first of the year the building permits
issued to the east side have' been 104
ttms greater than the building permits
Issued for the west side. How long will
H be before the east side is as larpe as
Chicago? JOHN P. SHARKEY. .,
lirst Essential.
From the Washington Star.
Tov that promoter know anything
about the mining business?"
ii Marts in as'ir lie were an ex
.ri c.i -..,1 imnd. 1 never saw prettier
There Is Not a
Business Invest
ment in Oregon to
Equal This
And it is offered to the people with
clean hands and lofty purpose?, TThoie
. who buy this stock at the prices of
today wiU find they have placed their
" money in something that will return
tremendous profits, and that in all our
advertising there will not be found a
syllable of false encouragement. We .
. need the amount of money that will
be realized from the sale , of - these
shares to pay our miners and install
a cyanide plant, and as early as 30
days from now these shares will have
' advanced at least one half.
' - - '.
my
S
.. r , ...
V.
There Is Not a
Salaried Officer in.
the Company
No man ever has drawn a penny from
the treasury, and every share of stock
sold will be for the purpose of con.,
tinuing development, and for that
purpose only. .,
Fully Equipped and
(We Nothing
The Poticie Mining Company's ope- "
rations have always " been conducted
on a spot cash basis, for we do not
accept credit from anyone. We have
our property completely equipped
with everything necessary to - con
tinue our work with great vigor. Our
mines have not been idle but 16 days
in ; nearly two years of operation.
These mines are being operated by
men of well-known reputation.
P. Xh' AtTSTZar, President and Treasurer
We - Wait
TTT
to
B
e : a Bfe
fe'fc'Wfat
Gold Mke
In the very neariuture, and to thoroughly investigate for-yourself .what it is that makes us think so. 'v;.Write to the rjostmaster or the mayor of Murray, Idaho, or
' ask such reliable people as Messrs. Woodard, Clarke & Co, of Portland, about tne president of me company, rn reliabUity and reputation. .
WE HAVE ONLY 80,000 SHARES TO SELL AT 10c EACH. . ' '
And so certain are the miners that work for us of the value of the mine and the final outcome, that they
are taking for their services $2 per day each in cash and $2.50 in stock that being-the scale of wages in
that district. If we had not the proper thing, these men would not work on these terras, as there is
plenty for them to do in other places. They are men who understand their business, and
POSITIVELY KNOW THAT WE HAVE OPENED THE DOOR
( . TO MANY FORTUNES. ; v -
When there is uncertainty in all other branches of business when fear of failure is in the heart of the
tradesman and the arteries of commerce are quivering the miner of gold is unperturbed and tranquil as
the sleeping babe.
THE POTICIE MINING COMPANY.
Owner of 11 full gold quartz claims, adjacent to Murray, in the celebrated Coeur d'Alene, Idaho, mining
district, requiring a few more thousand dollars to carry the development of its mine to the producing
point, has decided to sell in Portland 80,000 shares of its treasury stock to consummate that purpose. The
exact location of this property is three miles west of Murray, in a region any Idaho miner will" Inform the
"inquirer is fabulously rich in not only gold, but silver and lead as well. .. .' : ' V'
OUR MINE IS IMMENSELY' RICH IN BOTH GOLD AND GALENA.
Its worth is established beyond all question. This has been demonstrated over and over, in the nine tun
nels we have driven, some of them 300 to 400 feet in length. In these we have cut many rich veins of ore, ,
and now we are to begin cross-cutting on these veins, and as. sure as the sun shines -from the sky above
before many months our 220 acres of ground will be turning out gold at a rate that will. pay tremendous
dividends to every stockholder. This is the history of the district It is enormously rich in the precious
metals, and none ever had better prospects than this very property. .We have .one. dike that is 60 feet in
width, and this crosses one vein great enough to pay immense dividends if we never should find another
in the entire tract But we have other well-defined veins in fact and in truth, . "
AN ESTABLISHED GOLD MINE IN AN ESTABLISHED DISTRICT.
And as an evidence of our confidence in what we have got, if any. stockholder should at any time become"
skeptical and desire to see for himself precisely what we have; if he will pay a personal visit to our prop
erty, inspect it for himself, and find that we have in even the smallest detail misrepresented it, we will
cheerfully refund him all moneys paid for shares and pay his expenses of the trip as well. The Coeur
d'Alene mining district is one of the richest in the world. It is not much heard of of late in Portland, sim
ply because aU its mines, with the exception of our own and two or three others, are already heavy pro
ducers, and the moment .any mine arrives at that stage its management becomes silent, for the reason that
the majority of its stockholders desire that the amount of their incomes be not made public. But in Idaho
there is a law that compels mine managers to report, under oath, to the county assessor each year the
exact production of their properties,-and that report, made in April, shows that the mine profits of the
Coeur d'Alenes ;for. 1907 . were $5,119,830. The Bunker Hill and Sullivan was the largest producer clearing
$2,264,213. The Federal .Mining & Smelter Company,1 operating the Last Chance mine at Wardner, the
Morning mine at Mullan, the Tiger-Poorman at Burke and the Standard Mammoth at Mace showed a
gain of $1,596,707, in spite of the fact that the last three mines were closed the latter part of the year and
the others ran with reduced forces.iThe only mine not a silver-lead producer, the Snowstorm, netted $454
288, and copper during the year was lower than-usual. The Hercules mine at Burke cleared $765160 and
the Hecla mine $437,188. ; The tStal production of the mines was $14,622,213, and the total expenditures
for labor, transportation, installation and maintenance of machinery was $9,502,484.. The figures are "taken
from those of the assessor of Shoshone county, and show a healthy increase over last year. '
The Bunker Hill and Sullivan mine at Wardner is paying $180,000 PER MONTH IN DIVIDENDS
OR $2,160,000 PER ANNUM. The Last Chance mine, near by, is doing almost as well. All around the' "
Coeur d'Alenes are mountains filled with minerals, and we want a few Oregonians to iret in with in and
OWN SHARES IN A GOLD MINE THAT WILL PAY 500 TIMES GREATER PROFITS THAN
ANY MERCANTILE BUSINESS ON THE PACIFIC COAST. 7
The United States government reports show that the mines of the United States in one year produced
$1,092,224,380, which sura exceeds the total combined value of the wheat and cotton produced.' .
The mineral resources of the United States shows greater ratio of increase than any other industrv "
m The profits of the mines exceed the profits of all the banks of the country. - . '
tne annual oivmenas oi tne mines are greater than those of all the railroads of the country
. The 'United States census report for 1900 shows, for every man engaged, mining pays seven tir
. " ,."Si;. uv.u ns luuiucnng ana inree nines as mucn as manuracturinir '
j.viuiiiuv. .u. muiwvM yiuuii upon smau investment in mining is unequaied bv an v other
dustry. ,
times as
tn
..: Mining stocks pay larger dividends than any "other' line st securities. :j '"'.vs
Mercantile records show that the risk involved in legitimate mining operations is less than" one-tenth
. as great as the risk involved in ordinary business pursuits, ,
; Last year there waa lost in banking $35,000,000, or more than has been lost in mining in 25 years.
OUR PRbPERTYr WILL JOIN THIS PROCESSION
The very moment we have arrived at the gold-producing point, and that will not be many months hence.
As evidence of our faith in the mines, we have actually already invested' $50,000 in the claims and their
development, and had we the requisite amount of money to carry the work along not a share-would be
placed upon the market We do not guess, but ABSOLUTELY KNOW, that this is to be the equal of
any of the nest of wonderfully rich gold, silver and lead-producing mines of that section. ' s. w.
NOW WE ARE NOT GOING TO PUFF, BLOW OR FOAM OVER
' , THIS PROPOSITION.
W can point any sincere inquirer to any number of reliable business men, bankers and citizens to whom
they may refer as to our reliability, honesty, resposibility and standing in the community where we are
best known, and also as to the value of our property. We are not in the market to delude1 anybody or
sell them something not ABSOLUTELY RELIABLE and of the highest merit, and this we desire to
. hnPre.DPn- ne public mind at the very beginning., He who would assault flur standing or purposes
would speedily have to substantiate his charge or take the legal consequences, because we come to this
people with a property that is clean, worthy of every confidence and of known value. ., '
' . IT.IS THE "GOLD MINE HABIT."
No other business has a record at all its equal. John Lockhart, owner of the celebrated Florence
ground in Goldfield, Nevada, was a poor prospector nine years ago. He is rated at $9,000,000 to $10,
000,000 now. What other calling would have treated him so kindly?: , : -V ;
A THOUGHTLESS PROPOSITION.
So'trie one has said that "if gold stocks are so valuable, the wonder is that the banks do not buy them,
or that they do not all go into the hands of the capitalists as if there could be no good thing left in the'
-world forthose. of moderate means aye, even for the very poor. As if the banks must gobble up every
thing there is big profit in, and the poor man remain in his poverty, and the rich man grow richer still.
Certain banks "are prohibited by law from investing in securities not immediately available as an instan
taneous collateral for loans, and, of course, before the mine is developed to the producing point its snares '
t are not But today banks own large amounts of mining shares, bought when the mine-has reached its
profitable period, and no one knows anything about It. Banks do not advertise this fact any more than
they' do the notes, . mortgages and bonds their vaults conceal, but the wise man who finds a mine is not
looking for the rich man to "skin" him out of his possession. He prefers as his partner, one hundred, two
hundred, three hundred or a thousand partners like himself, not rich, and who, like himself, will be sat
isfied with an honest distribution of the net proceeds of the property. - :t.; ,.-". -v. ,::-.,::
REAL GOLD: MINES ARE CERTAINLY PROFITABLE ENOUGH TO
SATISFY ANY. REASONABLE PERSON., , , :
When faithfully and honestly worked and as faithful and honest distribution of the results is made,
among the great masses, there is boundless satisfaction with the profits, hence it is that these enfer-'
prises, their shares broadly scattered throughout the country and owned by all classes, are contentedly
prosperous and free from internal dissensions. But' let the "capitalist" step in, and if his profits be 100 '
per cent he wants 200, and if 200 he clamors fefr 300; strife is engendered, lawsuits are instituted -and in
the end, the original finder or owner of the mine is landed high and dryand the "rich" man gets it 'all
None of that experience for us. - We have a great mining property up there at Murray. "We'have spent
$50,000 in its development. Just a few more, thousand and . ,
. ' THE MINE WILL TURN THE TABLES AND PAY US BACK. "
,' It will pay back thousands of times and over and over"1 to- each stockholder every dollar invested in
it Those" who own any considerable block of shares may feel coTrfident that they will have an income '
sufficient to maintain them. in independence for a lifetirne, and the larger and smaller owners will fare
as well in proportion.- Up at Murray it is a common expression that 'Xv
' , "THE POTICIE WILL BE A WHALE!" . : - ,
Meaning that this mine will develop into a rich producer, and' around the m'me,v where the miners" take
more than half their pay in stock, it is freely predicted that "The Bunker Hill and Sullivan will not long
soar very much above us up here at Murray. We'll be just as big a mine as that one ever dared to be "
P. L. AUSTIN,
President and -Treasurer.
; Tie Podcie Miiliig Cdmpaey
LOUIS MEYER,
Vice-Pres. and Secretary.
mm
Room 3, Raleigh BuUding, Sixth and Washington
Incorporated Under the Laws of Washbgton for $1,500,000, $900,000 Oi the Treasury. - All Shares at Par Value of Sl.Each," Fully Paid and Non-Asscssabie
i
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i'.ionury. . , . -