Image provided by: University of Oregon Libraries; Eugene, OR
About The Oregon daily journal. (Portland, Or.) 1902-1972 | View Entire Issue (March 21, 1909)
THE . OREGON SUNDAY. JOURNAU PORTLAND, SUNDAY ' MORNING. MARCH 21, 100D. i..jmi l. linn. ' i i . , . llllh g m j ' i j (tlilllt !'." "'''wfeSjM: '-sb ' -v ' iiShbwina the5 Emeince of I w:Mk mm- a - tt n m i i fits! . t. yfci m t . . ... -. - . -. . - Emergence oMfie Investor Into tthc Com- hpTi privileges of PprtjMP Q Hi c i :- f uore.'.ai'.' ' THF HIT! Yll-1Tlir Whicl1 we are about to erect will be an eight-story," T CP strictly modem, absolutely fireproof structure, a credit - : to Portland and the entire northwest The building will be of reenf orced concrete. The y building plans are being worked out by MacNaughton, Raymond & Lawrence. The location at the corner of Fourth and Alder streets is unsurpassed. The entire basement, ground floor and .second floor have been rented. Applications for offices on many of the other floors Vl have been received. Complete occupancy of the building even before completion is assured) In the heart of the retair district, one block from every streetcar line in Portland, with the, exception 46i the OWJ P.; and in the midst of Portland's greatest activity, no more substan tial,; profitable or attractive building project can be submitted to the general public of Port land for, investment purposes. - . T'--:v - : - THF1 PI AM provides for-the distribution of ownership into 3000 parts," or. the" " - - value of $ 1 00 each. These parts are known as prof it-sharing units or bonds. Each one represents its pro rata share of ownership in the $300,000 project. The owner of one of these units is just as much an owner of the building as though he possessed ' half of the units. The distribution of the ownership of a large building over a large city has many advantages, chief among which is the arousal of a public interest in public construc tion, which has hitherto been scattered among the, few instead of among the many. These units may be purchased for cash or upon favorable terms; Opportunities of this character seldom present themselves, and this one has proven exceptionally popular. TPHIF '-''PUftFITQ v From investment in these units are derived fr6m three M ' ?f sources: .First, of. the net earnings. from the building after construction, the first 6 'per cent goes to the holders of the units. f Second, all earn ings in "excess of 6 per cent are divided,iri half, one half of which is paid to the unit holders. Third, each year $6000 is set aside for the redemption of the bonds.-- This fund will be irt vested by the MULTNOMAH TRUST COMPAN Y in'6 per cent mortgages, creating there by a surplus fund which will be greatly in excess of the $300,000 upon .the maturity of the bonds. This surplus wcr $300,000 will be divided "equally among the unit owners. I This makes the average earning 9 percent per year, payable quarterly, and an additional amount approximated at 75 per cent to distribute among the unit owners at the time of redemption. THIS1 : M1?TP BJl?dT TQ Are astonishing to the small investor, for the Jf1"1 &&JljJLJy reason that t he-is -unacquainted with"; the enormous earning power of business blocks. There are few investments which return to the investor 9 per cent per year for 30 years, return his original investment and 75 per cent bonus in addition. The reason wh the small mvestor seldom has an opportunity. to invest: in this ... rr " manner is because the large investor is in closer touch with such projects and snaps them up ; J f before the little fellow is aware of it. " Instead of following the customary methods"of f inane- 1 i FOR COMPLETE INFORMA TION BY MAIL, SIGN AND RETURN THIS COUPON COUPON X pWEET-HEAD-LEMCKE " j 146 Fifth Street, Portland, Oregon Gentlemen: Kindly mail j our folder describing; lultnomah Trust Building No.-T and your plan of. financ ing it. : : Name ; . . ; , ... J Address .... , SWEET-HEAD-LEMCKE BUILDING CORNER F1FTII AND Alder STREETS ing a big buildings SWEET-HEAD-LEMCKE prefers to popularize the name of the firm by allowing the public an opportunity of subscribine on the same terms as the laree investor. So far the general public has responded freely. The entire "allotment of bonds should be sub-' 'j scribed within a fewriavs. --v--. ' ' .';rv,,:.-.s -'' v?. , Z3 : - - 7 .V'.-'. .v ENTRANCE 3 146 HFTn STREET IF YOU WISH TO TALK IT OVER WITH US, SICN AND MAIL THIS COUPON ACROSS FROM METER AND FRANK v ;xoupon;;;. vt ;.;-vr . SWEET-HEAD-LEMCKE ; ,146 Fifth Street, V V '': Portland, Oregon: - Gentlemen:- " '-. . AVill you kindly hare ypur bofid representative call at the address below and explain your propo sition in detail? ;-, . . f. . 4. Name . . . .. . . .7. i . v; 7. .T.tT,. : J ' ."Address . . , . . . . .. .V. ... .. . . . .... i
