The Oregon daily journal. (Portland, Or.) 1902-1972, December 13, 1908, Image 58

The Oregon daily journal., December 13, 1908, Page 58, Image 58

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Newspaper Page Text6 THE 5 OREGON SUNDAY JOURNAL, PORTLAND. SUNDAY MORNING, DECEMBER . 13. 1903. TONE HOLDS If REALTY " Iff S ; , -,;H .f tvon'm I a 111 h ,: I y L ;. fed ; I v - J- . . - - The upper engraving Is the residence of H. M. Haller, East Twenty-first and Schuyler. ' the residence of W. J. Zimmerman, East Twenty-second and Weidler. realty again proves its Absolute safety Now York Herald Says Increase in Value Is More Than r Produet of "World's Gold Mines Cbioparison With the Slump in Stocks and Bonds. ' From all parts of the country, fropi tbe Allantlc to tbe Pacific, the great laVes to the gulf, come reports of utv usual . activity in the real estate mar ket. So strong and safe a security has real estate proved itself that it com mands the confidence of the small as well as the large investor more thn ever. The eyes of the financial and invest ment world are again turning to real property as the only absolutely safe Investment, as the only way to invest money which in the long run is sure to yield a good return both In the aver age rental and in the enhancement In values. During the money stringency that set in 14 months ago, every other class of security suffered. Owners of stock and bonds were paying exorbitant interest rates trying to protect their Investments. In fact distress wa gen eral and in some lines acute, except among owners of real property. Even la New York City, the world's center in the speculation in stocks and Donas, u is said that the great finan- c'al mstitutions are investing their holdings in real estate more largely than ever. In the New York Herald of last Sunday this feature of the financial sit uation is touched upon as follows: "Heal estate has entered again upon one of those cycles of advancing values that in the steady march of progress j-jeld greater profits in the aggregate WOULD SELL CITY HALL ON T Wealthy Frisco Men Offer to Build 3Innicipal Home on ' the Insallmeiit Plan. Wealthy members of the San Fran Cisco Realty Board have made a propo sition to the municipal ahorittes of the Bay city to build a $WiOO.O0O city hall and sell )t lo the city on the in stallment plan, the Installments to ex tend over a period of 20 years. At a meeting of the board held last week. A. J. Rich, chairman of the committee on city halt outlined the details of the scheme and it met with the unanimous approval of the members. In presenting the report of the com mittee. Mr. Oiieh said that the first proposition is to demolish the present building and to use most of the founda tion for the new one. A building 175 f eet . high with a facade of 800 feet and a wing of like dimensions could b built with ample capacity for all the aemanas or the city department and courts, while there -would be an Im mense auditorium with a seating ca paclty almost as big aa the New Voik auditorium. The totsl cost of bui'r? tng and f umlshlsgs would be $,5,000. 00. ,,-He added that men. with the money are ready to build as soon as supervisors would arrange term, ..iif'1 ture wera-satisfactorily Reading the report, he said the com mittee has concluded the problem pre sents no difficulties, aria th Krai Es tate Board could suggest , the plan to tft ''r''vlsors. The city is now pa. 1.g W 000 rents per annum. With a ri,oU'pl water supply in trie wit, tht. limit if bonded Iml.-l.t dns would b Xi'vt if a city hall is to V. hulli ti r. '? the 'raiding of the com increase of valuations than the total output of the gold mines of the world. "with the restoration of confidence manifested in all channels of commerce and industry, savings banks . and trust companies, insurance companies and other financial institutions, as well as larger estates and individuals, have turned to real estate and real estate mortgages with more confidence than ever as a safe Investment. "This return of confidence and capi tal is manifested in a strong demand for property In the business and pri vate residence sections for occupation and in the new apartment house dis tricts 'or large plots for immediate im provement. "Not many realize that in the expan sion of the retail district, Thlrtf avenue and I'nion street, with finished and in complete structures, have contributed in the past six months upwards of 125 stores available for merchants who pay variously from $75 to $250 and $300 per month. Over 90 per cent of these new storerooms are either occupied or pre empted, and Increasing traffic means that the balance will be speedily ab sorbed. This record of extraordinary demand and occupation of additional store space reflects not alone the merit of the streets mentioned for retail busi ness, but effectively illustrates the gen eral progress of the city. In the out lying sections, the growth has been so rapid that scores of small merchants have found profitable openings in va rious lines and outside luiln pnti are gradually assuming importance." mittee report. Mr. Rich Introduced a suggestive sketch of the exterior of a monumental building of seven stories the Interior of which would be after the most aDDroved ideas of tnnrinrn nf. fice buildings, while the exterior might niitrn'u me jniroaucuon or a classic front with columns running through - several stories between the windows, thus giving the monumental effect in most pronounced form, while taking away from the sense of height. In the disastrous fire of two and one half years ago, San Francisco's magnificent city hall, one of the most Imposing structures of Its kind In the I'nlted States, was totally destroyed. In the work of rehabilitating the city, the bonded debt has been so enor mously increased that all Idea of build ing another city hall from the pro ceeds cf sale of bondti was abandoned But the civic pride and lovaltv of th wealthv realty brokers of the' rif-,- 1 such that they will wllllnglv Shoulder the burden, making it reasonably- cer tain that within two years 8an "Fran clsio will again have one of the finest city halls In the country. MANY PORTLAND MEN" BUY CITY PROPERTY ' i The following sales of realty wera closed last week through the agencv c E. J. Daly: A quarter block on" the southwest corner or Fourteenth and I Overton streets purchased by a local Investor for -$25.6t6. The site wasi formerly owned bv I E. Kern and is I occupied by four cottages; one and ono half lots at the head of Lovejoy street. to W. B. Peacock. The property was a part of tne Barker estate and was sold for $8250. To- H. W. Stone by Rev. Earl M. Wilbur, a lot ort Willamette Heights fro $1500. Mr. Daly and W. O. Cox have purchased from the Oregon Iron and Steel. -company- a river, front lot containing about two aerea opposite the Rock Island club. The - tract has a river frontage of 300 feet.' ARLINGTON CLUB IS PLANNING NEW HOME i - Architects .Whldden and Lewis ra getting .uo ths design for tba new club- ' ' ...... s . -v The lower one is house for 'the Arlington club to be erected on the half block facing the park blocks on Salmon street. Pre liminary sketches of the proposed struc ture will be submitted to the board of governors of the club and the design selected from these. It is proposed to limit the cost of the building to $150, 000, although the cost may exceed that sum by $25,000, and still be within the $2i,000 bond issue which was author ised to pay for tbe site and the cost of the clubhouse. The bond issue is practically all sub scribed, the few remaining will be signed for by the time the plans of the new Dunaing are accepted. THOMSON WILL STAY Hi SEATTLE Seattle Is to have the services for an other term of its present accomplished city engineer, R. H. Thomson, who has served the Puget sound city In that ca pacity for the past 17 years. Mr. Thomson had been considering severs! flattering offers from other cities and had indicated his Intention of accepting one of them when the Seattle city coun cil unanimously added 50 per cent to his present salary of $5000, thus giving him $7500 a year, which Is the best salary paid any engineer In the United States by a cltv In Seattle's class. Mr. Thomson promptly signified his Inten tion of remaining with the city for an other four years. The residents af Seattle are proud of their city engineer and almost to a man support him In the tremendous and costly Improvements that he has Inaugurated there. She Got One. Gustav was desirous of advancing In the world. One morning he accosted his employer who happened to be drowsy and Irritable and asked: "Mr. Cheery, how can 1 get ahead?" "I don't know," growled the old man as he tenderly clasped his aching head, "go and ask Salome." In a new Alpine hotel, advertised as a rest cure, all the tableware is made of papier macho so that the guests will not be annoyed by the clatter. (hO HLJlr3nP: I k Hp j. -.pf ... njf' 21! Above is the new residence of Mr. and M rs., Frederick C. Austen at Jackeon and Chapman streets, 'Portland eights.: Recently1 Mr. and Mrs". Austen were given a surprise party and a houseWarm.in'g by' several ,'of -their friends. The party consisted of: Mr. and Mrs. Lewis M. Head,; Mr.andiMrs.7w. ,MJ Kapens,?Mr. and -Mr. l!arry T. Clark Mr. and Mrs. E. H. Mattern, Mr. and Mrs. C. H. l,evls, fc Mr.", and 4-,' Mrs. James ;S. .Tyler and Mr. and Mfs.; w. ?WyiM"Johnsoa.:- V - - '-i-.-r Many Investors Hare Money for Portland Property on Safe Investment Basis- One Large Deal on the East Side. Conditions prevailing in the realty market during the past week - wera somewhat above normal. More than the usual number of sales were made, but with one exception none of them were large , enough to excite general interest. Portland never, seemed to have so much money available for in vestment In real property as now, the result being that brokers have no trouoie in disposing of anything that s ai an attractive in price. Any " ,11. 1. ... 1 1 U I ' L 1 ' V L UUI prices can undoubtedly find buyers. wne ining, nowever. property owners must bear in mind, and that is that firlces cannot be forced to an unnatural eve! In times like these. There is no wildly speculative movement on. In vestors are ready to buy anything that promises a fair return on the money, in the way of Income, or that promises a reasonable advance In value; but they, are not ready to buy at prices that dis counts the future five or ten years. It is therefore well to remember that any concerted effort to force prices skyward will surely bring on practical ly a complete cessation of buying. Baying Is Conservative. "Conservative investing" aptly de scribes the heglthy movement now on In Portland property. This mean that property is being bought and sJfil on Its earning capacity. Owners must bear this fact In mind and not force prices beyond those that a healthy renting market can maintain. Transfers of realty filed for record last week reached a total of over $400. 000. The character of property de scribed in the week's transfers empha sized the broadening tendency of the market, in that the transactions re ported Included central business sites, holdings in the two principal ware house districts, high priced residence lots, suburban lots and acreage. While no spectacular advances In values were shown In any of the week's deals, prices are being well maintained and buyers manifest a disposition to be con tent with- smaller profits than hereto fore. The largest single transaction re ported last week was that of Gustav Frlewald, president of the Star Brewery of Vancouver, Washington, who pur chased from the Ladd estate the block bounded by Kast First, East Second, East Oak and East Stark streets, for $61,000. This Is the most Important transfer of east side realty made in several months. Plans Cold Storags Plant. It is understood that Mr. Frlewald contemplates building an Immense cold storage plant to cover the entire block. It is also surmised that the Portland depot for the distribution of the Star Brewery s product will be transferred to the proposed new building. Another fair-sized sale in the same vicinity, which has Just come to light, is that of a quarter block on the southwest corner of East Stark apa East First streets for $15,000. This property was purchased by Edward Cassell and J. R. Rogers from the Ladd estate. H. J. Meyer and S. Raxworthy have closed a deal for a 60 by 100 foot let, occupied by three nmall cottages, on the northwest comer of Nineteenth and Upshur streets. The property formerly belonged to William Dinneen and was sold for $10,500. This is the best price so - far paid for a single lot in that part of the North Portland warehouse district. Many Bales Mads, H. F. Hudson has closed a deal with F. J. Richardson for a house and lot on Northrup street, between Twenty fourth and Twenty-fifth streets. The consideration involved in the sale was $12,000. Julius Heilborn has purchased from Mrs. Barbara B.- Dal ton a fractional lot on Hoyt street, between Tenth and Eleventh streets; consideration, 1 11.000. L. L. Matlock has purchased from P. H. Schulderman a quarter block on the southwest corner of Holladay ave nue and Adams street for $18,000. This property is located near the east ap proach to the steel bridge. E. J. Daly has sold to- Charles OanM three lots In Hlllvlew addition, located to the south or Portland Heights, for $6,000. Albert Salstrand has old a 29-acre tract in section 21. township 1 south, range 4 east, to Gustav W. Peterson for $5,000. C. T. Whitney has sold to Mrs. Mary E. Rosensteln his residence nroDertv on Thurman street, Willamette Heights, for $6,500. Besldenc Xiots Sold. The quarter block on the northwest corner or Twenty-nrst and Johnson streets has been purchased by Mrs. Margery A. McQueen from Charlotte Taber Darling and associates for $6,533. , William Jones has purchased from 1 i. 1 . ', , - ' , i 5 ; JK : ; (i '-" ill ' : '-:r -t .m 'i-irr- ' :-,.;r"h'-,fly z "f -ra-'-l f u. N-f-rjf - .ppTw . i - . zszr tt- i-.-Ewi - i I ferr-H rs f ..---.v'::'-!!sS!S!ta -'' - BHWnai-v . ? , ; fl a 1 ' ' " tlSV J ST! wMWpTT- ...-s--JW u , - J J, ' " Residence of J. Ai. Dundore, 75 East 'Yamhill Street. u ' fl " .JX rtm' i2Sw , v I ill u Bf . s rtrr" . I s , Hi --s;. v v.v z-r-r- is Ls4 1mMMMMMMJ.BMMMsMMM$Ms1Is1 Residence of F. the Security Savings & Trust company, trustee, lots 1 and 2 and a 15-foot strip of lot 6 in fractional block "H." Caru- ther's addition, for $10,000. This hom ing Is on the northwest corner of Grant and Water streets. J. Schleland has sold to Mrs. Mary Rlstiar a house and lot on the south west corner of Eleventh and Hall streets for $7,000. The house and lot on the southwest corner of Russell street and Flint ave nue, llnner Alblna. has been purchased by John Keating from John Blled for 6.000, E. E. Padock and associates have pur chased an improved fractional lot on the northwest corner of Stanton and rvmmrrliil streets. The Dronertv was sold bv F. F. Williams, the owner, for la enn A j Dillon has closed a deal with George Stout for a lot and cottage in Woodlawn; consideration, $3,000. The nroDertv on the northwest cor Tier n f Orand avenue and Iron street, consisting of two vacant lots, has been purchased by Lulgo Bortand from George Prosser for $8,ooo. H. Janicke has purchased from U. Shlolkoff a 60-foot lot on Arthur street between Second and Third streets; consideration, $2,900. Norby-Craven Investment company has sold to Mrs. Ida Alexander a- resi dence lot on East Madison street, be tween East Fortieth and East Forty- first streets, for Z.8Zt. Ellis G. Hughes has sold two lots on East Twentieth street, between Knott and Brazee, to Emery H. Jfowre fnr 12 S00. Joseph T. Ennls has sold to Hal He E. Ostrando a house and lot in Vernon; consideration. IJ.ZUU. Otto & Harkson report 1 the sale of 650 acres in Benton county to Harold Johnson for Il.ooo. The same firm has Just sold to L. Rasmussen 10' acres near Clackamas station for $3,500. " " The German colonial authorities are considering the establishment of a for est reserve' In the Cameroons In order that the rare fauna of the tropics may be preserved rrom extinction. A machine has been designed to show the actual working time of any o all machines in a shop so as to give an " 'irate record Of tne cost or proauc turn. . . --- ''' F. Williams, East Twenty-fifth and STEPHEN S. WISE STIRS PEOPLE OF NEW YORK Former Portland Rabbi Wakes Metropolis of Nation by Fierce Attack on Tammany Boss Holds the Su preme Court Justices Up to Shame. Stephen S. Wise, former rabbi of the Temple Beth Israel, of this city, recent ly caused the nation to sit up agape at his fearless strictures on seven justices of the supreme courts of New York, who had attended a dinner given by Richard Croker, the old leader of Tam many Hall. The attack of Rabbi Wise stirred New York to Its depths, and made the young Jew the most talked of man in the city. It caused a petulant outburst from the old political bosa, which only added intensity to the ex citement. It brought forth widespread newspaper comment universally in favor of the rabbi. In commenting on the in cldent, the New York World says: "Who is this man this Rabbi Wise who has with a few JIu Jitsu vocai twists turned the Honorable Richard Croker upside down, figuratively speak ing r "Many a New Yorker has asked this question within the past few days; since tne militant Dr. wise, in an aaaress Do- fore the Ethical-Social league at the Hotel Martha Washington last Tuesday nigbt, made remarKs about Mr. kroner. Dr. Wise said the presence of seven supreme court justices at a banquet at Sherry s given . in honor of the Old Leader.' and attended by the 'un speakable . Murnhy." made the night of the banquet New York's .'night of shame.' Mr. Wise also said that Croker was an unscrupulous man, that he was a sin and a shame and a few other things. It Is evident Mr. croker does not know who Dr. Wise Is. 'He. is a harrow, old man,' said .Mr. Prnkpr. 'He is a notoriety seeicer,- aaas tne Tammany patriarch. "But Mr.' Croker- does not know. Rahht Stephen 8. Wise Is neither a nar row man. nor -an '-old man. menner ib he a notoriety. seeker. ... ' , H. -a, a hnrn In Buda-Pesth In 1872. He refused, in 1805. the biggest prize that any rabbi in America could hope to attain as far as material things go whn i.n declined to become the rabbi of the Temple Emanu-El in this eity because he would not -consent 10 oe muzzled. It is the richest Jewish con gregation in the world. It . numbers among its members men whose fame Is worldwide. The rabbi's salary is $10. 000, but that is only an Incident. The lucky man who secures that charge need never want for anything that money can buy. His Influence is vast. He is, to make an Instructive comparison, the Jewish archbishop of America. That was certainly a big prize for a young man not yet turned 84." . Ho the trustees investigated and con cluded that Rabbi Wise was a ' 'f ire- brand " and he became the unsalaried Head ' or a " tree synagogue. , , " 'You can't afford to pay me that much salary,' said Dr. Wise. 'If you can raise tne money ae vote n io an extension of the worn or tne cnurcn. I'll aret alonar somehow. I am young and strong and am not in need.' "'And he .does get along by writing and lecturing. He doesn't make any thing like the. money he would have as rabbi of the Temple Emanu-El, but he feels that the gold and silver and gems of freedom are worth more to -him than purple and line linen. Quarrel Xs Wot with Croker. i "I have no quarrel ' with individuals,' said Dr. Wisa a few days ago; 'par. tlcularly. I have no quarrel wltn Mr. Croker. It isn't he that is to blame to day, -v I am criticising the justices of the supreme court for the example they set by fawning at the feet of a man by exalting a man. of the, character and record and antecedents Of Richard x "Rabbi Wise .is . forceful and obso lutely fearless. 'He la a. fighter, not In the sense of physical contest although he could but no a . 'scran'' if hla build may be taken' as an Indication of his prowess but in the sense tha Hawthorne Avenue. he will fight for the right, for "big things.' as an admirer put It yesterday in discussing and describing the char acteristics of this young man. His pesronallty. "Ever since- he entered the pulpit Wise has made it a point to say what he thought. He hasn't been awed by gold nor power and influence." The re port mentions several incidents of Dr. Wise's work In Portland and his at tacks on lawbreakers and vice and con cludes: "Dr. Wise Is a great believer and constant advocate ef the political activ ity of the pulpit. He believes that ministers should attack wrong in the body politic if they see wrong. "Dr. Wise Is a hard worker. He is an omnivorous reader, a forceful writer and an eloquent speaker. He keeps three stenographers busy in his little home on Sixty-eighth street His wife looks after and sorts his mall daily. She is a charming woman, quick, keen. Jovial and very proud of her distinguished husband. "He Is built like an athlete, broad of shoulder, straight, square jawed, and brawny. His eyes are a deep gray that seem to turn black when he is angered. His ample head Is surmounted by a veritable mop of black hair that will not stay put. His face Is smooth and his forehead high. In manner he Is rather nerv6us, but always affable and cordial. His father, was a rabbi and his grandfather was a rabbi, and he hopes that-his son will be a rabbi. He was' married eight years ago to Louise Waterman of this city, and moved very soon thereafter to Oregon. . "The present free synagogue started m'emberless. Now there are 400 In the congregation. In addition to that there Is a branch at Clinton Hall, Clintsn and Grand streets, where every- Friday night; Dr. Wise addresses six or seven hundred young men, and women. He visits the hospitals and the jails and tries to care for the physical and the moral invalids as well. ' "This Is Dr. Wise, the njan that Rich ard Croker says Is 'old and narrow.'" Alabama produced 1256.88 ounces of gold and 439 ounces of silver last year, of a total value of $26,272 IN WOMAN'S BREAST ANY LUMP IS CANCER Any tumor, lump or sore on the lip, face or anywhere, six months. Is cancer. They never pain until al most past .cure. , c Three Physicians Offer $1000 If They Fail to Cure' Any Cancer Without XITOT . er FAXIT AT EAU1 FXUCB for 30 days.. Not a dollar need bepaid until cured. 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