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About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (Feb. 21, 1909)
THE OREGOfo SUNDAY JOURNAL. PORTLAND, SUNDAY MORNING, FEBRUARY 21 1909. APARTMENT HOUSED ATTRACT ATTENTION OF INVESTORS BIG RETURNS ROM HIGH RENTALS -V' '''fW k-----y--.r ; : MAI HITV ff : fjzu .1 - kfv;,. Av - - DUILUlIi r Capitalists Consider Btiild ings of This Class Abso lutely Safe Buys As High as 20 Per Cent Inter est, Net, Obtainable. Conservative Investors In Portland fealty are turning with aridity to the , purchasing ijf recently built apartment houses. No less tban half a doxen fine hiiiMinrM nf this character have ' chanced bands in this city, In ,te past SO days. While regal-din, property : of , this clas as ah absolutely safe Invest ment, buyer are also attracted by the . handsome return secured on the Invest- ment from the high rentals paid for the apartments. There are any number Of these buildings, of the better class. In Portland that pay from U to. It per cent net on the total Investment. One of the largest transactions in apartment house property recently con cluded was the sale of the Ellis apart ment on the northesst corner of King and Washington streets. This Is a three story brick of handsome design, covering a 10x100 foot site, and is In a district that Is rapidly filling up with . substantial brick and frame apart ments. . The purchaser, of the .Ellis ".. apartments was , the- 8. Morton Conn : Real Estate v Investment company. who paid A. 8. Ellis $66,000 for It. Al- though hardly completed and mm "yet untenanted, all the .apartments have -. ' been rented a t a price which net H per ' cent on the purchase price. . Bring U 90 Fsr Ont' . ' The Heins Apartments at Fourteenth , and. Columbia, streets, which were sold some weeks ago for $75,000, is a new . and somewhat larger building than the Ellin apartments and- Is said to yield s revenue of nearly JO per cent. The Marlborough apartment In the Nob Hill district was sold two weeks ago for ' 126.000, and several smaller buildings i of the same class have changed hands since the first of the year. Announcement has been made In the ' past ten days of the Immediate erec tion or tnree new apartment ouuoings, all of brick construction, indicating that builders consider this class of im provements as excellent paying Invest ments. .- Although buying of downtown, or business. nroDertv is ve.rr much, mors t(mtt.4 . Va n almn.t mrw timn In the past three years, brokers and operators fenerally are confident that a revival In hat Una of Investment will oome with the opening of spring, although ' heavy speeufative buying Is not looked upon ss probable, it is an open secret tnat one of the largest mercantile firms in ' the city has been and Is still negotiat- Ing for one of t we or three prominent ' down town corners, on whloh It is pro posed to erect a modern department store building. Merchants Buy Mow. Buying' of this character will' no - doubt dominate down town activity for some time to come. Office building ' construction completed, in progress ana ' projected. Is sufficient to meet any rea sonable demand for the next two or three years, and for this reason it Is thought that moat of the buying In the business district for the next year or so will be by business houses who will , take the property over for their own uses, and auch transactions may be heavier than present Indications would . seem to warrant. "When the time comes, and It Is rap Idly approaching when I have to psy ' $20,000 a year for a corner store In which to do business." said the man ager of a large mercantile firm. "I shall buy and build, it is cheaper and much more satisfactory." It should be borne in mind that many of the most valuable business sites in Portland have become much too valu able to be longer used for present pur poses. For instance there are quarter blocks on Washington and Morrison streets that are worth $600,000, but with the preaent improvements on them do not yield 3 per cent of this sum. , This condition Tan not rest nf.i- if the owners of these parcels are not 'able or refuse to Improve them, it Is safe to Bay that they will pass into the hands of those who can and will erect such structures as will bring a revenue commensurate with the value of the sites and the cost of the Improvements. -.Moat of such construction will be for department stores or other large bust 'rtess concerns -, Cam Block Progress. Portland Is a growing city, nothing cart for long stop its progress. It must go forward. Of course there will come oerlods of comparative dullness, but large and healthy natural growth inevitable. That alone will bring is new demand for downtown property by ! making more, stores and other buildings 'necessary, and sites for them will have - to be purchased. Investors understand thin and will not wait before buying, "until this property gets out of reach ;the downtown realty district may oevei on some sunrises before long, which ' will add seat to the whole real estate , situation. t One of the recent sales of consider 'able importance, because of its effect ' on a valuable and permanent downtown corner, was the ourcbase by the trus tees of the Reformed German Euangel- ' lea i cnurcn or a quarter diock at me southwest corner of Tenth and Colum- hia streets. This church owns the corner at the northeast corner of Tenth and Stark streets, immediately west of and adjoining the site of the University 'club, for which It has recently been offered $71,000. It Is thought that the ' trustees of the church will sell their oreeent church property and erect a ' handsome new church edifice on the prooertv at Tenth and Columbia afreets. The site on Tenth street was purchased , rrom uus nosenDiait ror 928,000. alas of the Week. A 8. Kills has sold to the S. Morton 'Cohn Realty and Investment company an improved qearterblock on the north . west corner of Twenty-second and John son streets for t25.000: also 20 acres at Jardcn Home on the Salem electric line , for (7000. An important sale In the north Portland warehouse district which lias just come to light was a quarter block on .Fifteenth, between Raleigh and Savicr streets. This property wan sold by C. N. Proud to Edgar B. Alger for $24,000. Bishop Charles Sea (Id In r has deeded to the rector, warden and vestrymen of t Mark's pariah the quarter block :on the southwest corner of Twentv Ttrst and Marshall streets -consideration $12,000. St. Mark's parish will erect a handsome church and rectory on this property. Jacob KUthsu baa sold to C. B. 81m- nmns and associates sn Improved puar trhlock oa the northwest corner' of . avenue and ' Failing - Street for Ths ts but one of msnjr sales of n;n avenue property that haa been n. la the pant tew weeks. The whole - .r'"1" fr north as Highland Is liuntig up with fciiFlnees houses. r-lt haa icoPnied m the btielnesa rr. the entire territory north nf ttnitartay iwnu ml east T Williams rreii r. WMtten t TmrcVssefl frori II --t5-!.-..--t.--r irer.. "' : street between Clackamas and Halacy streets, paying for it $8000. Big Suburban OeaL One of the largest of recent deals in suburban lota .was the sale by Erneut O. Spltxner to the College Endowment association of SO lots in Feurer's addi tion for 126.000. A single lot on the northeast corner of East Ollsan street and Union avenue has been sold by Peter Anderson to William P. Wood ward for 86250. Walter W. Christensen has Just closed a deal with A. F. Overman for a small tract of acreage in Evergreen park, for which he paid 14250. Rnnhla Ohinmnr has Durchased two lots on First street, between Bheridan and Arthur. The property is midway of tbe steel bridge on Bouth First street and was sold by ueorge n. jtoacn lor t00. N. V. Rice has sold to D. and Robert Robs a house and lot ai Sell wood and six lots In .Ravenswood addi tion, total consideration xsooo.; A house and lot on Broadway, be tween East Seventeenth and East Nine teenth streeta has been purchasea oy Harvey Bliss from Jamas R. Baker for $4800. 8. A. Moeser haa sold to J. H. Weiss a house and lot on East Baimon street, near East Twenty-third, for $400. Lot 7. block S. In Nob Hill Terrace. has been sold by Rlchartl W. Scott td C Aerne for 13500. hi ina in prk View addition has been sold by Lyman Bnalth to the Nord-by-Craven Investment company for isooo. The Irrlngton Investment company I rms sold to-Mr-J.-Pe4ahuBta quarter.. block In block 63, irvtngton, tor aovv. Buys at Mount Tabor. K. House, for many years a restau rant keeper in Portland, has purchased an acre and a half near Mount Tabor postoffice from I Q. Clarke. Mr. House paid $3000 for the property, which was formerly the homealte of Mr. Clarke, until his dwelling was de stroyed by fire some months ago. The new purchaser will erect a modern resi dence on ths-property. Elder Neal, of God's church, has pur chaaed a site on Failing and Garfield streets, Alblna, on which tne cnurcn will erect a chapel ano a nrant. i n nrmr nmiwrtv of the church on Haw thorns avenue and East Eighth street s recently sola to tne creamery. t Market conditions in suburban realty, especially Peninsula property, haa been unusually active during the past week. The beginning of actual conatruction work on the huge buildings for the Swift packing plant has stimulated the demand for lots In the numerous Penin sula additions. At East St. Johns, near Maeglcy Junction, several new lndua trtea have recently purchased sites for new enterprises. Considerable building is in progress In that dlatrtct. Sev eral new houses are projected for Fair- port and Kenton oiatncis in nuumuu to the large building operations in prog k that Kenton coraoany. Owners of Peninsula subdivisions are much en couraged over tne proepwci without exception- are looking forwarc. to a contlnuannce of the demand for that clasa of property. The Apartiwnt Seeker. Twas her precloua. yearly pleasure to go roving rouna m iuw With a deaperate expression In her eye; Her almost classic forehead badly wrln kled by a frown And her Grecian naaal organ tilted high. She was searching for Apartments. not for "Flats." I'd have you know, Wtth all up to date Improvements to be had; And she made the hall boys weary with her questioning overflow, And the Janitors oft went stark, star ing mad. From the early hours of morning to the twilight's falling gloom. She was riding elevators here and there; , Scanning views from every window and Hvntir1nff room on room And discussing Are escapes and talntedl air. But when spring had turned to summer she waa seen, about no more And no "Bit and Bath" was rented In She had wandered back to Jersey, where she'd always lived before. And was living In a farmhouse Just LuranaW. Sheldon In New York Times. Tin TTnlted States mined almost e K-tlv one third of the lead produced in the world in 107. Spain. Its nearest rival, produced 18.7 per cent of the to tal, and Germany it. per cent. THEY'RE TWO-FACED Important, if You Own a Talking- Ma chine Two Records for. -Practically the Price of One. The Double-Sided Talking Machine Dlsca have proven immensely success, ful. These records are of such uni form! high Quality, and the selections being furnished at practically one half the cost heretofore, It Is so wonder these double-sided discs have Jumped Into im mediate favor. We have bow on band every, double- disc record manufactured In this coun try and abroad. The regular 10-Inch discs oast cents, others 7t cents, and tne large- lg-tnon ones are L a 11 tnrh selection is now actually $0 cents instead or 1 as heretofore, we have double sidea orand opera disc records, too. Records that repre sent sa am aalnglr large saving. Rec ords thst have heretofore cost at the rate of two for or lift are now ob- lainame iwo ror I.n. end a Very lew selections cost two for t SO. ? nmwnrr. every double-faced llse r-M ) nvw for sale t Fillers Piano .,,.,, nfWM'il T 1 V ln-M Mne Residence of M. Shummaro,. East Fifty-tliird and Morrison i'i" : - ' in gs-m . 11 , , ( II 1 i ill I- 'W','VV, v X. ' 'K i T r-c-, i ,! I 'I " i!f NEW LAW WILL RAISE STANDARD OF BROKERS Bean's Bill, Just Enacted by Legislature, Puts Curb stone Brokers and Irresponsible Real Estate Sharks Out of Business in Oregon. House bill 15, Introduced by Repre sentative Bean, providing that all brokerage contracts for the sale of real estate most be In writing; is now the law of Oregon. The full effect of thlfi law Is not yet appreciated by the large number of realty operators In this state, but It will no doubt be to elevate the business of selling real Droiserty In Oregon, and rescue It from the blighting effect produced by the operations of curbstone brokers. The business of legitimate real estate brokers in Portland has for two years past been seriously handicapped by a perfect cloud of would be brokers whose offices are on the street corners and whosa chief reliance for a living is in being able to connect themselves with a negotiation in such a way as tj force a division of the commission. The following ts a copy of the bill as It was passed by both houas of the legislature and signed by the governor: "Section 1. That section 797 of Bel linger and Cotton's Annotated Codes and Statutes of the state of Oregen, be and the same Is hereby amended to read as follows : "Sec. "97. Agreement not in writing, when void. In the following cases the agreement is void, unless the same or Bum note or memorandum thereof, ex pressing the consideration, be In writing and subscribed by the party to be charged, or by his lawfully authorised agent; evidence, therefore, of the agree ment shall not be received other than the wTltlng, or secondary evidence of Its contents, in tbe cases prescribed by "i. An agreement that by its terma la not to be performed witnin a year from the making thereof. "2. An agreement to answer for the debt, default, or miscarriage of another. "I. An agreement by an executor or WON PRIZES OFFERED BY SONS OF THE AMERICAN REVOLUTION Winners of the prizes offered by the Oregon Society Sons of the American Revolution for the best essays on sub jects connected with the War for In dependence, and participated in only by pupils in the Oregon public achola. have Just been announced by the com mittee making the award. The follow ing are the names of the winners to gether with the subjects and prizes: Winners High School Contest First, Otto Purcell, 20, farKpiace. or. , sec ond. Lance Read, 10, 392 East Stark street, a member of the Washington High. School. Both wrote on 'Washing tons Greatness In What Did It Con sist" Winners! High School Contest First, priseJ 20. Miss Beatrice Btevenson. Hood1 street. Portland, of Hhattuk school. Subject. "The Battle of Sara toga" Second prise, $10, Harry Parsons. 728 Kast Eighth street, Portland. School Of Trades. Subject, -causes or evo lutlonary War." Third prise. $5, Irene l.crr. 110 Kranrls avenue, " Portland. Clinton-Kelly school. c-The Causes ot the Revolutionary War., Fourth prlae, $1, Josephine Orscb. St-Clinton -street, Portland. Clinton-Kelly schpol, "The Causes of - the Revolutionary-. War. Fifth prls. IS, Emma JB. wooiion. Firhth street. Astoria. Astoria public school. The Battle of Bunker Hill." In oroer to encourage love or country and the study of its history, the Oregon Bocietv Rons or tne American revolu tion offer annual prises to the pupils of the public schools of tha, state for the best essays on subjects connected with the Revolutionary-War.' Prises of 121 enf 1 are swerrle.1 for the first Kiid second best essays' written by btgni StreeU. Residence of Philip Buehner, Pifty-f If th Street and Hawthorne Avenue. , administrator to pay the debt of his testator or Intestate out -of his own estate. ' "4. An agreement made upon con sideration of marriage, other than a mu tual promise to marry. "5. An agreement for the sale f per sonal property at a price not less than $50 unless the buyer accept and receive some part of such personal property, or pav at the time some part of the purchase money; but when the sale is made by auction, an entry by the auc tioneer. In h(s sale book, at the time of the aale. of the kind or property sold, the terms of the sale, the price, and the names of the purchase and person on whose account the sale is made. Is a sufficient memorandum. "6. An agreement for the leasing, for a longer period than one year, ok for the aale of real property, or of any Interest therein. "7. An agreement concerning real property,. made by an agent of the party sought to be charged, unless the au thority of the agent be In writing. "8. An agreement authorizing or em ploying an agent or broker or purchase real estate for compensation or a com mission." As amended the law- now says that an agent or broker employed to sell or buy real estate for compensation or a com missloD must have a written contract signed by the party chargeable with the commission. In other words an agent or broker having only a verbal contract with the owner authorizing the Bale of the realty, ton d who makes the sale carmot enforce in the courts pay ment of his commission. The probable effect of thle statute will be to concen trate the realty brokerage business Into the hands of a smaller number of operators and at the same time stop practically all litigation for the collec tion of commissions. school pupils on either of ' the follow ing subjects: (1) "Foreign Aid in the Revolutionary 'War," (2) ''Washington's Greatest In What Did It Consist?" Prises of $20, $10 and three of $S each are riven for the first, second, third, fourth and fifth best essays writ ten by grade pupils on any one of the following subjects: (1) "The Causes of the. Revolutionary War." (J) "The Battle of Saratoga." (3) "The Navv in the Revolutionary War," (4) "The Bat tle of Bunker Hill." The essays are limited to 3,000 words each, and in awarding the prizes the committee Is governed by consideration of: Originality, accuracy of statement, manner of treatment; orthography, syn tax and punctuation, neatness and legi bility. The committee making the award of the prizes lust announced was composed of the following members of the so ciety: William Blttle Wells, R. I. Eck erson and B. A. Thaxter. 35 HORSES BOUGHT U. 8. Inspectors Acrepc North PoMr-.-,-der Animajg or Cavalry.'-. 7 8prtl Dispatch te Tbe Jaernal.) "North Powder. Or., Fb. JO. Twenty eight horses at $100 each", the second lot bousbt-here 6y Case E. Prescott and H Bldweli; and" seven' more, pur chased by C. Todd of Pendleton, at $100 to $212.60. alt upVto-the requlre ment for United States cavalry serv ice, were accepted by the inspector; and sltiupeli toduY. i Kesldance of P. P. Dabney, West Avenue and ELMHUES'r PROPERTY- IX ACTIVE DEMAND Hilton, Dodds ft Campbell have sold over 40 lots in Elmhurst during the past week. Many of the buyers are making preparations to build, homes In this ad dition. Ex-Governor Geer and George W. Hill are among those who have an nounced their Intention of building as soon as the weather clears up. Elm hurst will have Bull Run water as soon as the connection can be made with the tx inch main at the Barr road. The owners of the addition have ordered 12,000 feet of three Inch agtd two Inch galvanized pipe which will be delivered In a short time, when work of laying It will begin. RAIL PROSPJOCTS BRIGHT 1 Line for Eastern KlCrkitAt County Seems Assured. (Special DUpatch to Tb Journal. 1 Hurum, Wash.. Feb. 20. All lndlca tlona point to the building of a rail road In the eastern part of Klickitat county from Alderdale on the Columbia river, northwest to Bickleton, a dis tance of 28 miles. W. A. Laidlaw, capi talist, and A. E. Hammond of Port land, civil engineer for the Columbia southern road, are Interested In the scneme. A proposition , has been sub mitted by the Tjromoters to the stock holders, and if. the question of grade is accepted the building of the road is to be completed in time to move the next crop. The right of way has been nearly all secured. The cost of the road wnt oe about izzo.ooo. The Klickitat County Horticultural society by request of the county com missioners, has appointed a commit tee, consisting or. M. 1 McCann. A. W. Montgomery, J. R. McMahon, W, E. Hornlbrook and Almond Baker, to hold an examination for fruit inapector for line county, Aiarcn . in examina tion ! required by law. ? i: i nomas iantry has soldi a 100 . acre tract or rruit land to a Seattle man. In the Lrfle district, for $2200. After having been remodeled at, a big exoense and with several new ma chines added, the -White Pine Lumber company, near uoidendaie, has started its mill up and Is worklna- to canaclrv. Husnm Is only awaiting the coming i winy spring, wnen several sub stantial business houses will be erect ed. A number, of residences will also be built, and a general hum of activity will prevail. The council of White Salmon has ordered a hook and ladder outfit and other equipment for a fire department ABOUT LUMPS IN WOMAN'S BREAST "Lumps in the Breast Sore Death" : Dr. S. R. Chamley, the acknowledged authority in America on Cancer, says in his book on cancers and tumors cured without knife or pain, that any lump In woman's breast is cancer. The book teaches that any tumor, lump or sore on the Hp, face or anywhere six months Is a cancer. The Doctor offers $1,000 If he fails to cure any cancer he treats before It poisona . deep glands, and charges nothing until cured. Strictly reliable; no X-Ray or other swindle. The book Is full of ministers', doctors' and hillllonaires' testimonials, many of them right here. The -leading newspa pers and .medical Journals, the world over have, given him great praise; no man is doing a grander work for hu manity. He has been curing cancers overs a third of .a century. ' Investi gate his absolute guarantee.:- The book Is sent free to those who describe their cancer,-. 60 cents to others. The reader may save a life hjr sending this to some' one with cancer. Address Dr. and Mra Dr. Chamley ft Co.. 69 McAllister Su Pan Francisco. Cat - - i' "T Columbia Trust Company, Couch Building. ; East Salmon Street. TWENTY-FIFTH STREET. PROPERTY SELLS James A. Sheffield, manager of tha real estate department of A. H. Blrrell company, reports the purchase of fur ther holdings ", of 76x100 feet facing south on Marshall street, dJolnlng CI. F. Sanborn's, recent purchase of the Van Schuyver'property. for- $9600, from the Columbia Land company. This, to gether with the 60 foot lot to the north on Twenty-fifth street- recently pur chased, gives ' this fine property 225 feet facing south on Marshall street, and 160 feet facing east on . Twenty fifth street. . ' The A. H. Blrrell -company- recently acquired the Howe tract bounded ,by Di vision street on the south, East Grant on the north and Bast Thirty-ninth to Bast Forty-first streets. Contracts have been let for grading -streets and putting down cement sidewalks. -This Afln-3 property will be placed on -the market at once. The new Richmond school house facing on East Forty-first and Sherman makes this very desirable res idence property. t ftebfut Sales. Malt ft Von Borstal have sold ' for James R. Baker his home on Hast Nine teenth and Broadway streets to Harvey Bliss. Consideration was $4300. Mr. Bliss la a -new arrival In this city, com ing here from Montana. It Is the inten tion of Mr. Bliss to .make this city his home. ' Neal Brown reports the sale of 40 acres of Improved farm land three and "hns -half miles from Bruwiiavtlte7trt Ijinn county, for $18,000. Including stock and Implements. The farm belonged to J. A. Eberle and waa sold to H. S. Mills of Chicago. DAIRY INDUSTRY GROWS Remarkable Showings Are Made In " Oakland Section. ' (gpeHal Dta Dutch lm Tbt Joanul.t Oakland, Or., Feb. 20.-8ince the es tablishment of the -creamery at Oakland last fall quite an impetus has been given the dairy industry In this section. A number of farmers who were 'luke warm" toward this branch of farming are now devoting attention to the-dairy herd and to the, growth of joot and forage- crops. Aa an example of what can be .accomplished along these lines the operations of EL L. Warner, a patron of the. Oakland creamery. Is given, show ing the gross receipts and Improvements for 'the past six years: no. founds. Average Year, J90S 1B04 1906 mo 6 1907 cows. ... 7 ...11 ...IS ...13 ...14 but fat. per cow- Value. $ 141.90 ' $21.14 086.49 765.1$ 1.1(1.17 787 10S 1.S1S 119 2,826 217 $.086 237 3,868 276 3.740 287 190g . .13 1.122.09 In January, 1909, from It Jersey cows and heifers Mr. .Warner sold to the Oakland creamery 1724 pounds of cream, containing 661.79 pounds of butteaj fat, for which at 86 centsper pound he re ceived $20.24. Withthe skim milk he fed 12 hogs and 9 calves. He expects to produce 800 pounds of butter fat per eowrer better, during theearrent -yearr These cows -have been In milk an .aver age of 116 days to January 1, 1909. In 1902 the cows freshened In March and have credtl in that year of 10 months only. . In 1907 the cows freshened lrr the fall and got better rations. Four of the cows of the 1903 herd were in the 1904 list and two of them are In the herd at nreaent. While !Mr. Warner Is carrying on this profitable dairy business, he Is. wtth the help oi one son, -Keeping his lo acre farm up to a mgn state or fertility. THE CAPPING OF A TOOTH is a delicate and very particular opera tion. But it is also a very necessary I ..... . A . . TWn , tat !.. Ill IIKI WI A. t, .. we. take the greatest care in aavmnin our patients before performing any kind of operation. We do Crown and Bridge Work; filling with gold, silver, or alloy, extracting without pain, and supply sin gle teeth or full seta at moderate prices. We are - thorough dentists ot many yeara' practical experience and we back up every bit of It with our well known reputation for, doing ; , . HONEST DENTISTRY Tha best -Dentistry Is none too good for you. Our success Is due to uniform high - grade - work at reasonable pricea. srCTB -.""-rf ITa N2R.V0US PEOPLE And those afflicted with heart weak ness can now have '.heir teeth extracted, filled and bridge-work applied without the least pain or danger. - Alt work guaranteed foe ea years.- - CHICAGO PAINLESS DENTISTS aa :rmMM. t., com. erjt ! - Phones Main $&80.- ' Office hours- $ a, m. to $ p. m. Bun- days rrom 8 a, m. to 4 p, n. Lady attendant. New -York :and-'-Other LargeS run.. i ru ' rv : s I . Their Being to Perfected Passenger Carrier Inven v tion Not Modern. Fewinventlons have been such pow erful 'factors in tha ' building of the modern city aa the elevator.. The swift ly moving steel cage, with its quota of passengers, plying upward and down ward with almost express train speed, haa made the skyscraper a possibility,, has anada practicable the segregating ef thousands of offices in a small space, and haa revolutionised , family Ufa by making- .the big apartment house a place of homes that are easily access ible.' 'j. . The commercial supremacy of tha big American city is due almost as much to the. modern passenger elevator aa to -its geographical location. For example, four storied buildings, tha maximum height desirable where elevators are lacking, would have made the office buildings of New York crowd all others entirely off Manhattan Island, would have sent tha householder further than Brooklyn - for a dwelling place, and have necessitated, the walking of end- . less miles by those who constitute NewJ York's business world. As time is moJW ey In these days, this" would be equiv alent to the loss of millions of dollars every month. The elevator obviates such a toss. ' ala BaUdl&f Typloal. The elevators in Park Place building New Tork, are examples of the value of the elevator in modern business life. There are ten in this building. They serve 00( people using the 1000 of fices, and have each a capacity of 1 persona Each elevator makes the trip to tha top of tha building, 294 feet, and back In three minutes, and makes 200 trips a day. Every 14 hours ths ten travel In the aggregate 220 miles, a dlstanoa equivalent to that from IJaw. York to Washington. The latest elevator census shows that New York -alone has over 18.000 elevators, and that, over 16,000 of these are pas senger cars, carrying an average of 2.000,00 9 people a day. or a bfllion or more a - year. An expert estimates that there are 150,000 elevators In the United States Assuming that each ona Is one rat. 300 days in the year, and carries an av erage of 100 oeraona a day. the total carried in a year would bs 4,600.000.- 000. Tha figures seem too large for credulity, and yet they show an aver age of only 66 rides every 12 months for each person in this country, and they illustrate tha essentiality of ths passenger elevator in latter day eivil- i2aiion. rrodnot of Veoeaalty. The passenger elevator came Into be ing because it had to be. It Is a pro duct of the centralization In given spots of large numbers of people with the consequent enhancement of demand for land. Its perfection enabled the development of . the modern "down town" section of a city, so that 1000 men and women carry on their activities where without the elevator there- would ba perhaps CO. 8o far back as two or three centur ies before Christ, freight hoists were In use. Passenger elevators were de vised 800 years later, but were known In only, isolated cases, another thou sand years elapsing before there was real-progress in perfecting them. Cit ies began to. grow to large dimensions and vaater population. - Pressure of population began to force upward the value of city realty. Society grew com plex. v Buslneaa took on more compli cated phasea - : - ' The restless spirit now developed to an almost frensy, took hold of human ity; and the day ' for the evolution of the passenger elevator had arrived. , 77" Hu Vovw at -rtrst. :r - - Higher in the - air went business buildings. As they rose difficulties of utilising such Mgn structures increaaea, man brought Into application their in ventive genius and simple devices were created to be operated by man power. Then came tha hydraulic elevator, with a car weighing more than the weight and tha motive power supplied by put ting in or taking out waier from an appended receptacle, f The first power elevators In use In the United Statea were the belt driven, spur geared freight machines of 1850. They were used in factories and - big stores and tha efficiency suggested their application to tha needs of the neonle. This auk-gestlon began to ts rtohane about 1870. and Inventors de- V vised a very noisy arrair a riven oy iwo , steam cylinders. Tn 1880 the WesteraF I Union and the Tribune buildings U I New .York were equipped with pas senger elevators, and the new machine waa classed as one of the wonders of the world. These two elevators were operated by steam, but later the West ern Union chsnged Its motive force to a water balance affair.. - Xleotrle Za A ems. - These were later superseded by ' tha electric mechanism, to which have been added aafety devices. These render el evators so safe that there is little risk of Injury to the passengers, and experts , contend that ona Is safer traveling in. one of these cages tha In the coach or sleeping car of a standard railway. ' The value of the new device had been Droved bv the two New York compan ies, and forthwith every new building was made - higher and the elevator l, - , . .jj V..IU1. - wiuiiiiubiii .u. . .'unum;. remodeled to meet the demands of a time saving, energy saving people. By 1886 there were 4000 lit operation In New York alone.- Speed and safety are tha first two requisite The higher the building the faater must the 'ele vator go If it meets the demands of its patrons, but wise legislatures have Intervened in the Interest, of - htlman health and sanity,. - . . Question of Btatbematlog. There 1s a definite and a fixed rel tion between the amount of rentable floor aoace In a building and the num ber of elevators required to serve that X running- i no mrcnuoci now usual iv allows 25.000 square feet of rentable space to each elevator.. He figures on each elevator carrying: so many pas sengers In so many, minutes, and knows that In his calculations he must allow 76 per . cent of every trip to be takenv up in the egress and ingress of the . passengers. It is claimed there are now no basic patents which make . it - possible to monopolise passenger elevator - manu facture.' aa has been -done to a large ex- -tent with, telephones. ,The use of ele-. vators is' tnuch more " general in the United States than In any foreign eoun trv; but American manufacturers are building up a large trade with other lands. They supplied over 170 eleva tors for the Ijondon subway and a large ' number for the Elbe tunnel In Oermanr. In 1886 the total American sales of el evators amounted to 32,600,000. Within 20 years the amount had sorting to $30,000,000. Si I i