FT" AT
Here Will Be a Textile City Built Upon Honor, Conducted Upon Honor, and Forever Maintained as a
Clean Home for Clean People, Recognizing the Rights of the Toiler Who Helps to Build It
NO
An Important Industry
Oregonlan Editorial, July 10
The new woolen mil! project t Gordon Falls, near Bridal Veil, may easily develop
into one of the most important industries in the state. Oregon is one of the
greatest wool-producing states in the Union, and the advantage of having a manu
facturing plant so near the source of supply of raw material is obvious. In the
oaving in freight alone on wool shipped eat and goods shipped west, there will
be n opportunity for much cheaper and better clothing than is now obtainable.
The mill will also give employment to a large number of people, who in turn will
become purchasers of farm and garden products grown in the vicinity. Lack of
factories has been one of the greatest drawbacks to the growth of Oregon, and
every enterprise of this nature should receive the heartiest encouragement from
the people.
.The plans have been formulated and the foundation laid for a great textile
manufacturing center, located 29 miles east of Portland, on the line of the
Oregon Railroad & Navigation Company, the Columbia River and the Spo
kane, Portland & Seattle Railway, at the foot of an immense waterfall of 900
feet, the energy of which is to be converted into electricity by a plant to be
immediately installed, and for the purpose of securing funds to meet the ex
penses of such installation,
The Cordon Falls Electric and Manufacturing Company Has
Decided to Issue a Limited Number of 6 Per Cent 10
Year Gold Bonds, in Multiples of $100, and With
Each Bond Will Be Given, as a Bonus, 50 Per
Cent of Its Face Value in Co.'s Stock
Bonds to be delivered and interest to accrue upon the completion of payment
for such bonds. These bonds may be paid for in cash or on installments,
and interest will be paid semi-annually in United States gold coin, thus af
fording an opportunity for persons of great or small means to invest either
considerable or small amounts in an absolutely safe and profitable enterprise.
There can be no question that the stock, given as a bonus with the bonds,
will pay most generous dividends, and that associating these dividends with
interest on the bonds, investors will receive for their money returns that will
make this company's securities exceedingly profitable property.
Financial Department
The financial department of the company has been placed with McLaren,
Goode & Co., William Whitfield, manager, main entrance Commercial Club
I 1 . V
V'.
t.
mm
Miss Harriet Gigray,
stenographer for the Florence Placer Mining company. . subscribed for the
first bond to bo Issued by the Gordon Falls Electric. Manufacturing company.
The financial "department of this company has been placed with McLaren,
Goode & Co., William Whitfield. Manager, main entrance Commercial Club
building. Fifth and Oak streets, this city.
Gordon Falls Splendid Water
The following telegram speakaj for itself nd tells the story of the unsurpassed
water of Gordon Falls andaister streams passing through this remarkable town
aite, soon to be the citadel of numerous factories and mills:
Hartford, Conn., July 9. Charles Coopey, 311 Oak street, Portland, Oregon.
I believe Gordon Falls is the best location for a woolen mill and scouring mill in
Oregon. The water is perfect, which is an indispensable ingredient for both. The
climate likewise. E. Y. JUDD.
Mr. Judd is one of the largest dealers in wool and woolens in America. His
Judgment Is, therefore, certainly worthy of consideration.
building, Fifth and Oak streets, Portland, Or., and San Francisco; Los An
geles, Chicago, New York and London, who will receive subscriptions, and
from whom bonds may be secured.
Carefully Organized
The Gordon Falls Electric & Manufacturing Company has been carefully
organized and legally incorporated, and its bonds will be secured by all its
property, consisting of 840 acres of valuable real estate, timber, building stone
and the greatest and richest waterfall on the entire Columbia river, itself
ample security for 10 times the amount of bonds we shall sell. All moneys
received from the sale of bonds will be religiously devoted to the purchase
of arj electric plant and its installation, and conduct of its power to the vari
ous manufactories which will be located at Gordon Falls City, among which
will be one of the largest woolen mills or woolen cloth factories in the west,
all appliances for which have been purchased, the company having secured
the woolen mills now located at Pendleton, Or., for years famous for the ex
cellence of their woolen productions. It is expected that mills and factories of
many characters will be erected at this place, because of the low cost of power
with which to operate them, superior shipping facilities, and the fact that labor
will be so zealously cared for and so comfortably housed that workmen and
their families will enjoy such contentment in this new city that the value of
their services will be greatly enhanced, and strikes and labor turbulence will
be a thing unknown. As has been well said by the Portland Morning Ore
gonian, we expect to and will build here an Utopian city, so fascinating to both
employer and employe that the relations existing between them will ever be
so friendly that the interests of one will be those of all.
s
MEN
EM
WAMT
We will sell $150000 worth of 10-year 6 per cent gold bonds in denominations of $100 each, payable $10 at time of purchase and $10 per month until paid for. With each bond we will give the purchaser, free of charge, $50 worth of stock of the comoanv
which will irive the buver a share in the comoanv s orofits. and make him or her a nartnor in h wrnnri;,n r.A ;ni.r..j ; t. .;n 1:1 t.-. u.. i , ' . . V ' . . .! l" s.lo-K i me company,
will pay the owner $3 in interest each six months and in time, and not very long time, either, the stock will pay most generous dividends, but just how much we cannot at this time tell. There can be no doubt, however that its returns will be verv
large, because the water that propels the electric plant will do its work at no cost at all, and never will complain or go on strike. It will be a reat force working for nothing, and as every stockholder will be a member of ihe companyythis water win be
working 4or every holder of a bond. We are anxious, therefore, to d.spose of 1,000 of these bonds to 1,000 working men and working women who will desire employment at or in our mills and factories-spinning yarn weavfng doth 7&tiK mnhintt
'm?nVbJaS rL ?tev Wi i"g '2 freS' CU img $0frdwood' maklng box"' Peking goods-filling all the multitudinous positions which will be open to the breadwinners of Portland or any other section of the country We wish w Tould
sell just , T.?Y.?Xpp pC imp" r ppo rJS it ti!1' t0 f,T whoaret "ployed on the outside and all other attaches of our enterprises. This would create a combination of interest- UNION between loyer anTempfoye-a
great partnership that WOULD SWEEP EVERYTHING BEFORE IT There will be no "graft" at Gordon Falls. This shall be our shibboleth. We hope to build up an Utopian city at this wonderful point, and it can be done only when all hands tand
upon a plane of equality that recognizes each other's rights and each other's welfare. BREADWINNERS OF OREGON, ARE YOU IN WITH US ON THIS PROPOSITION? X
PROSPECTUS
Immediately upon organization of the company it was desired to make public proclamation of its intentions, and that these mWht be
completely understood, the following declarations of its management are herewith published :
nun a imr i prnw
M Th Gordon Falls Electric & Manufacturln Company Is in
corporated under the laws of the State of Oregon. It has a cap-
llai stock or jzzo.uiw, an or wnicn is ruiiy paia ana non-assessa-
bl. There la no limit to the time of its existence.
FTTKPOSEB.
The Company Intends to develop and utilise the water power
known as Gordon Falls, on the property of the Company, to estab
' Hah a townslte on Its property, to sell and lease lands belonging;
to the Company for manufacturing, commercial and residential pur
posea, to erect and sell or lease buildings for business and resi
dential purpose, to engage In the manufacture of woolen and wor
sted textiles, and In such other enterprise as from time to time
'. may be determined to be feasible and profitable.
The pro party of tne Company ooaalrta oft
1. Eight hundred and forty acres of land situated on the south
V bank of the Columbia river, and on the O. R. & N. Co., about 30
mUes east of Portland, Oregon.
8. Three miles of water frontage on the Columbia river.
5. The absolute right to streams and waterfalls on the property
of the Company, which are amply sufficient for the development
of 1,200-horsepd'wer, and for all domestic, manufacturing and other
' use.
And when needed the Company owns several smaller streams,
which, when combined, can furnish J, 000 additional horsepower.
4. Twelve thousand cords of Cottonwood timber. This Is the onlv
timber on the Pacific coast which Is adapted to the manufacture of
excelsior, for which there is an unlimited demand. The supply of
. the timber elsewhere is limited and rapidly becoming very scarce.
6. A large amount of standing timber suitable for piling and
', cordmood.
f. Building stone in unlimited quantities.
rxjurs or BETZLoriiEn ajtd utiiizatios.
Electrlo Power.
a. It is the intention to begin at once the development of the
water power, which careful estimates show will be verv economical
by reason of the available material and the short distance from
the point of production to the point of consumption.
The estimate, carefully compiled and revised, is as follows.
E8TZXATE TOH OOBBO TAXIiSJ SX.ZCTSIO FOWEB 7XABTT
Itemised. Total
Intake Cost. Cost.
Two rubble masonry dams I Mo. on
Racks, Gates, etc 500.00 I l,J4f00
Penstock
140 linear feet of 2 4 -Inch wood stave pipe at
. . tl ?0 110.00
. linear reet or 20-in. riveted ateel ripe at
It will be seen from the foregoing that the Initial cost of con
struction and installation, as compared with the development of
the majority of other such enterprises, is very small, and will be
an Important factor in the net earnings of the Company.
Particular attention Is called to the fact -that the power will
be delivered on the ground, and that no long, expensive transmis
sion lines will have to be built and maintained.
b. Woolen Mill as an Initial Step. The Company has made ar
rangements to purchase the famous Pendleton Woolen Mill In
cluding all its trademarks, good-will, plates and advertising matter.
OCm-TEMPLATED OUTLAY TO PZBST THAR.
Recapitulation
"A" Electric power and light plant 39,192.00
"B" Woolen mill 37,700.00
"C" Excelsior manufacturing plant 8.700.00
"D" Hotel, cottages, etc... J0.000.00
Total $106,682.00
E SITUATE OP PBOFXTS.
etc.. and will remove the plant to Gordon Falls, enlarge it to a "A" The Gordon Falls Electric Plant, with a total capa-three-set
mill, equip It with the latest machinery capable of city of 1.200 horsepower, at an average price of $40
making most kinds of woolen goods, and besides continuing to per horsepower per annum, would earn $48,000.00
make the world-famous Indian robes, the Company will make sev- Less expense of maintenance, depreciation, etc 10,000.00
erai unes or staple gooas witn registered trademarks. These
p.mds will he all wool, and by all wool we mean all fleece wool
not shoddy, ramie, or cotton mixed, and any goods containing
these substitutes will be so labeled and sold as such. This will
give the people a chance to know what they are buying, and
also give Oregon the fame she deserves as a state growing fine
- wool, and with Its beautiful soft water and climatic conditions,
as a place second to none In the world for the manufacturing of
ime wouienn ana worsieas. ana we oeneve tne aay is not rar orr
. $38,000.00
"B ' Woolen Mill: A careful investigation and considera
tion of this subject shows that the minimum net prof
It per annum, after deducting maintenance, labor and
all expenses, including depreciation, will be at least. . $12,000.00
C" Excelsior Plant: The gross output per day will be 8
tons of excelsior at $18 Der ton. or a revenue nar vear
t $44,640.00
when Oregon will be noted as having a large textile town by Less expense of cutting and hauling wood, labor to oper-
the name of "Gordon Falls.
In this connection, the Company Is very fortunate In having
among Its acting officers, first, anexpert wool buyer; second, a first
class woolen manufacturer; third, a man well versed in the manu
factured fabrics and sale of same.
As soon as the work on the water power Is under way, ar-
iniinturan win ua maue 10 commence tne construction or a ault
ate plant, depreciation, etc 22,320.00
..Net profit $22,320.00
T Net Income from hotel, cottages, etc., (estimated) $ 2,400.00
OTKEB BOTTXOBS Or XBTCOKE.
In addition to the foresroinv. the Cnmnnnv will rA
nine Bicum vuiiuihb mr wio m&nuiaciure or woolen goods. The maiiumciuring ana Dunning sires, rrom which a substantial yearly
approximate cost, based on careful estimates fnlloura
Woolen mill machinery, etc ...$16.000 00
RIts 2,000.00
lr",Jl 1.500.00
Building 7,200.00
Allowance for contingent expenses. Including sprinkling
system for Insurance protection, setting up and in
stalling machinery, superintendence, etc 10 000 00
137.700.00
This industry will be augmented, from time to time, as seems
revenue should be derived and which is conservatively estimated at
1 VVuV,VV,
PROFITS X E C APirtTLA TIO H.
"A" Electric plant $38,000.00
"B" Woolen mill 12.000.00
"C" Excelsior plant 22,320 00
"D" Hotel, cottages, etc 2,400.00
Other sources , 10,000.00
$84,720.00
nem jor me interests or ins i ompany, by the addition of such Lieauct Interest, insurance and general expenses $30,000 00
branches of the business as can he handled d vantageosuly and
profitably, but at the outset it is the Intention to manufacture. Total net profits ; $54 720 00
only staple goods. The net revenue from the first year's operations should not
c. The Company owns snd has under favorable option at low- be less than $18,000.00. and In three years" time, or less, the earn
est estimate. 12,000 cords of cottonwood timber. In order to utll- Ings should equal or exceed the estimate above given. It might
''' n i"-si aavaniage, it naa oeen decided OB wen xo ana mai many oiner sourcea or income have not been
$,40 00
30.00
$3 20
One air valve at $10 00
Pnwer House
rvame building 80x0 feet fpile foundation)
Water wheel, governors etc
Generators, switchboards snd transformers
Transmission Line
! miles at $700 00
Clearing and grubbing
Freight
100,000 pounds .at 20 cents
Engineering contingencies and Interest at IS per cent
Tetai cost
$,720.00
4.500 0
7.200 00
S,6rtn no
to erect an Ex-elslnr Manufacturing Plant.
lani is given Deiow:
Ulldlng tl AAA Aft
Machinery 6.000.00
i-uminirai expenses, sucn as rroignt, superintendence. In
stalling machinery, etc
Total
The cost of such taken into consideration, as the desire la to be conservative in
an statements ana estimates.
rarAHciAX pxajt.
The t n f fl 1 rjinltAllsfltlon of the Pimninv In Tvn UtinHrttri mtiA
2.700.00 Twenty-five Thousand Dollars ($225,000.00 ) all common stock, dl-
vlded into 2.250 shares of the par value of One Hundred Dollars
B. I UU.UU
Ilinfl DOI ner ahare The f 'nmnanvnr'nnnmmm n
in culling or wool tor tne rumose of unrilvinr f Ma nimi . k-h. etii nA a . .......ki. l. - r.
' ioooo r.'.'i. 1n,mhrCrr,'iT .V"1 con,,nu 'T,'ly hereafter. The the sum of One Hundred and Fifty Thousand Dollars ($10,000 00).
eoo .00 plant will be completed as early as possible to mmmenes opera- divided Into fifteen hundred bonds of the par value of One Hun-
l ooono ;,Y Ti ' ?Cf,"I7 ,t0. PPrly air and sun- dred Dollars each, to be secured by a trust mortgage upon the en-
. 1,000 00 dry ths wood before manufacturing It Into excelsior. tire plant, asseta and pro rata Income-of the Company. The bonds
,,. ... . ..J order to care for the employes and laborers connected are to bear six per cent Interest and to run ten years. Ths amount
ii if , w,.'.h ,h 'rloi! enterprises. It will be necessary to erect a hotel, thus realized to b expended In Improvements and to provide the
-m 00 rrtf"M: V,? for this purpose will be for nessary working capital. With the bonds will be given as a bo-
a I ha Tl r9 T X'tfMBl f 1 711 Illlf4 fl4l lPlUlUlnS tna a. 1 aKaK a. 4 a a a, la.aa.al a. M 1 M . . W . ( , . . ai - . .
..... .. . . .iwmi ui laiu. srsaina 01 nm ma imnini 01 eiocs rauii id nriv per cent or tne race vaiua or
irveis sua sreciion 01 ouiiainga.
.$11,112.00
the bend a void. The trust mortgage will be a first lien on all of
the property and assets of the Company, and under lta provis
ions all earning will be pro rated, a sinking fund to be provided
for the redemption of bonds and the balance to be carried to sur
plus account.
OOWCIUHIOW.
In summing Up the advantages of the Investment which 1
here offered, your attention is called to the following:
First The location of the Property la Host Advantageous
from a Transportation Standpoint, and rates already given are
the same from and to Eastern points as to all Pacific Coast ter
minals. Tho Columbia River affords an all-the-year-around route,
and freight can be shipped locally to Portland at a nominal figuro.
In connection with this It will be well to observe that the location
of the Company will be particularly desirable when the upper Co
lumbia River is opened for navigation, as Is now assured; for with
such cheap power the aite of the Company will be admirably adapt
ed to the manufacture of flour and other mill products.
Second The Oregon Railroad & Navigation Company, which
passes directly through the property, Is making a mill-in-translt
rate, which will permit the utilization of the Company's site by
a mill dependent upon the railroad for the supply of grain.
Tnlra The North Bank Road, which Is Just across the Co
lumbia River from the property of the Company, can be used, as
required, for all kinds of traffic.
Pourth The Insurance rate on manufacturing plants, etc.. will
be exceedingly low, as the water supply will be ample for fire
protection, as well aa for all domestic and manufacturing pur
poses. Pifth The climatic conditions are ns near perfect aa can be,
No long, severe Winter or extreme Summer heat
Sixth The location la especially adapted for the manufactur
ing of worsteds, woolens, and mohairs, as the raw materials are
immediately at hand, and there being available an unlimited sup
ply of pure, soft water, with the added advantage of climatic
conditions, which cannot be excelled by any place in the world,
Gordon Falls should soon take its Mace as one of the foremost
centers of this industry.
Ssrenth The water supply on the property of the Company is
remarkably pure and cold and cannot become contaminated
Eighth Resides the factories that the
establish, arrangements are well under: way. with bright prospects
of success, for two more very responsible firms to establish fac
tories that will bring a revenue to the Company for power alone
of $4,600 per year, as well as houses for their work people, will re
quire light, water and fuel. Besides, the Company is In commun
ication with several other firms and Individuals, with good hones
of their building factories on the sites.
SO CIA X. ASTAVTAOES.
The Company has determined to prohibit the sale of Intoxicat
ing liquors upon Its premises, or the use of such premises for anv
Immoral purpose, and all realty transfers or leases will be made
subject to sucb restrictions, it being a fact beyond controversy
that social and business conditions will be greatly benefited
thereby.
Each family will be provided with sufficient land for a home
garden.
As soon ns practicable a plan will be worked out which will
permit all deserving employes to acquire an Interest in the Com
pany upon easy payments, so that each may participate in the
profits arising from his own labor.
The Company will donate a aultable plat of land for park and
recreation purpose, also for a gymnasium, and will encourage in
every way clean, healthy sport.
v ?in?, ,or " bu',,,l'' erected upon land sold or leased
by the Company wUl be subject to approval of the Company erch
Iteet and the executive committee of the Company, aa harmony
In design will add greatly to the attractiveness of the surround
ings, besides enhancing the value of all property.
ALL COMMUNICATlbNS TO BE ADDRESSED TO
(G
Il EE
CMC i IMUlFACTffilKE CdDlPAIW
320 COMMERCIAL CLUB BUILD INC, FIFTH AND OAK STREETS
PORTLAND. OREGON
TELEPHONE
MAIN 955
FINANCIAL DEPARTMENT McLAREN, GOODE & COMPANY
-Main Entranc. Commercial Cob Bail ding. Fifth and Oak
Ml