The Oregon daily journal. (Portland, Or.) 1902-1972, March 12, 1911, Image 21

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The Oregon daily journal., March 12, 1911, Page 21, Image 21

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Newspaper Page TextTHE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING, V MARCH' 12, 1911. 1 10 HIT FUTURE IS Si II J01S JHHIHflU Big Holdings by Large Firms CForm Evidences of Faith - With Which Suburban Prop erty Is Regarded. " Those persons who though generally .Interested, are not actually In touch with the trend of events In St Johns - and on ths peninsula, cannot fall , to be surprised,' not only at ts physical growth' of the city and Us Increasing " ImportanoTTur aairofaeturlng-eenter, but at the steady but rapid rise, of real stats holdings, and ths solid financial backing that supports ths concerns lo cated in .that district "A Journey along the waterfront would a. .. tiiM f factories that would open the eyes of many, whilst - the property, on which no factory has as yst been located is owned by men of strong financial standing; who there by express the - faith in the ultimate Mgh value of the properties they con- troL8tsrtlngfromthepartJ9fthe Ogden tract known as the Ogden lower '. ranch, which passed to the hands of E. v Xetchum last summer, snd following the river bank, : are seen ths holdings of W. Patton, which extend - for seven eighths of a mile along the waterfront. The next property is the Ogden tract proper, which In turn adjoins the land acquired b the Portland syndleats con sisting of F L laly,. Honeyman and others. The large holdings of tho Wey erhaeuser company and of Messrs. Bar- - ker and Stewart corns next and then ths ; - busy factory: district follows. ; The fit , Johns Shipbuilding . company and the St Johns city dock, are next In rotation, Porter Bros, owning a 200 foot strip be tween them. The asbestos factory, the Jobes Milling company come next, their neighbors being the large mill and plant of the 8t. Johns Lumber company,- The 400 foot front Immediately contiguous to tho mill property recently changed ., hands, being acquired by the Star Sand sV Gravel company 'for $40,000. Mors Big Solders. -'. ' The Portland Manufacturing company follows next and their property shuts on ths Port ; of Portland drydoek. Next follows a valuable strip of land ovef if which ths Western Cooperage company holds control. The property was sur vsysd and plans prepared for a large lactory, but it was understood that the offer of a bonus by ths people of Aber deen was the factor that, induced the company' to. stop In. that city. The ' Peninsular Lumber company has large : adjoining holdings on .whloh their mill is built, and ths Mount Hood Railway - company recently purchased 800 feet at the extreme end of the Peninsula, hold inga, for the erection of tho steam aux iliary plant which will be completed In a few weeks. Ths. ttnmtrtlM at th Union -Oil ; company and ths Standard Oil company come next in order, and ths shingle mill Is located soma distance farther on. , The ! very names of these concerns spell to ths Initiated a sense of flnanolal ,j security and a personal Inspection of ths ; various .factories will convince even a ; stranger of the commercial Importance of these locations. . And this concentra tion of manufacturing concerns In one .. . area has a direct Influence on ths real estate values of the residence district In th vicinity and of the trading ceo ters nearby. - The population of St Johns in 1000 was $60. while the latest figures, i according to the official census of mo, 'were 4872- The assessed value of the i school district in 1900 was $182,000. .while It grew in 1910 to $1,700,000. The bonded Indebtedness of ths city still remains very low. probably holding the low record for any town of its slse In - the state, the total amount being only $80,000. including $10,000 for the hand some city hall which is worth many tlmss that amount On the basis of ths valuation of ths present city a burden or sometning ius $476,000 could be City nook Tames Kiss. ni . , . m ..... J. .. l" uuuneea mooks 01 be city is visibly increasing. James ohn, after whom the elty is named - sold the block at tho corner of Burling - ton and Jersey about seven years ago for $700. Its subsequent prices of trans--, fer were $1700, $2700 and $4000. which latter was considered a high figure, but last year Cochran brothers, ths then crar buildings , ' V " huuiiiiw, woo nas -slncs-refose4Mo psrt-wlth his noldtng umoruiiy aavanaed rip-nr Th. f mi. rise in prices is by no means sx . ceptlonal Is shown by the fact that as ' late ago as 1906 the in mn,n. v which the McDonald building and the 4 uwmo puuaini now stand, was sold by ' 3" MEE50V th lat w- Vandermeer for $1200, which Included a $700 house, while offers of $15,000 for tht w. would not buy the property today Other property in St. Johns has also ' changed hands at advanced figures re- cently. Ths Forbes wlto m . buildings and lot on South Jorsey street nrintn1Ml h K r .... ' ... ... "uj.ti mercantile i, oonrpany to Benedict Brothers from California and the adjoining cottage to M. Loy. the price involved being $000. The Simmons estate nart .ik . ..i ... ivicnroona ana Hayes streets to , Tom Cochrane at a price of $9000. It Is not only the city proper that can boast of these Inoreased and increasing v prlees, for William Day sold six acres , of land In Point View a few months s ago for $12,000, anA smaller parcels are I ;--Jh M .'.!-Vl!-. 1 ' ' ' "I . Wisi i wawwrawMsiiswaswisssssMsjSSsssjBjss TYPE OF zip . '.i'" ". ' : . f( rft v - i i - . f -r 1 t - . i I y - , ' J M-c '- ! t'-k-: Pt! 'rf7 iiY-i :....! - i-:cvCf.p 41 u ll-hwli'i ' " rrrp' ;" x - J: '' ' -gUr J :;' 0 .b4:- C--.X .-:t 11 ' "W" ' .,,"f"'w ' ' - rM-j, - j ; 4 1 ' ' if A !' ' I B ' '-2,1 -' " ik 41-i!:' irianl -g-- MMj22flS9sssssssns 1 -Residence of sAUQrner Geor Wfltapleton, Fifteenth and Clackamas streets. 2 Handsdme resldeWe ereded4 if Fourteenth and Clackamas streets. V gradually1 changing hands t increased prices. Many of those who own land havs such confidence In ths future that they ars holding out for even higher prices, W. Holbrook being unwilling to place any of his inside property on ths market, but it is pretty safe to pre dict that during the next few months therswlU b- a very large turnover of lots and residences In 8t. Johns, and the great Influx of newcomers, at tracted by the good wages and Bteady employment at the mills, adds to the stability, of the real estate prices and the slow but sure upward trend of their values. CONNELL FARM WILL BECOME SMALL TRACTS Taken over for the purpose of sub dividing Into town lots and small farms, ths. Connell farm, whloh extends, .Into ths town of Hlllsooro, was last week purchased from the Connell heirs 'by a syndicate of Oregon and Washington Investors. Ths trsct contains 600 acres, 76 acres of which is within incorporated limits of HIHsboro and comes within leas' than two blocks of the Wsshtngton county eotfrt bouse. Ths consideration Is nominal, but It ts understood ths pries j was between $160 and $200 an acre. ' The property Is to be called the Hills boro Garden Tracts. All the tract ex cept 76 acres, which will become town lots, is to be platted into 6 acre tracts. That part of the tract to be subdivided Into town lots will have streets graded and cement sidewalks laid. The following ars ths officers of the company recently organised to 'handle the property: William Welstl presi dent: A. Ii. "Watson, vice-president; Dr. O. J. HlUa, second vlcs-prssldent: C. H. Jacobs, secretary; J. N. Pearcy, treasurer. THERE ARE MANY Who consult the Wants when they wish to "pick up" a special bargain. There's like as not soras one who hss need for Just the articles that you wish to dis pose of a Want will acquaint yon with each other. Delicious $1.60 wines $1 gallon; Spring Valley Wine Co., 2d and Yam hill. HOMES GOING UP Olj CLACKAMAS STREET TO ACREAGE HOME X High Prices in City Drive Peo ple in Humbler Circum stances to Where They Can Raise Eatables. "Land hunger has come to be one of the great Impelling motives of the age. Ths high price of living Is the chief cause of ths back to tho land move ment which is In evidence today all over the country." Ths above ars ths words of M. B. Lee, realty broker, who has operated for ths past five years in small acreage traotrclose tr Portland. Mr. Lee says he never saw In Port land such a craze for small paresis of land. Hs says h has sold more aero tracts and smaller parcels In country subdivisions during ths past, three months than In any like period stnos hs entered the realty business in Portland. "One of our great troubles Is the high cost of ltvlhg in Portland," continued Mr. Lea. "I do not want to be under stood as knocking, either," hs hastily added; "the trouble here Is the exoes slvs cost of food stuffs. '. Ws sre paying unheard of- prices for everything we eat. Is It any wonder people are getting back to nature, seeking small pieces of ground where they can grow ths greater portion of their food supply? 'Tour years ago I began selling small tracts and- lots southwest of thejolty, along, and In striking dlstancs of ths Oregon Electric road. Since thon I have probably sold $160,000 worth of prop erty In that" district, and nearly one third of It was sold during the past stx j months. ' None of ths districts adjacent ; ... - -.- to Portland nas been more negieoiea ny realty operators than ths country along the Oregon Electric as far out as 10 miles from ths center of Portland. The result Is that land In that section is still cheaper than in any other of Portland's environs. People have been a long time realising this, but they seem recently to have grasped Its real meaning, and now everybody that Is operating out there Is overrun with business. It is a small business. It is true, but It pays, and Is qf Immense value In helping to settle up the agricultural districts closs to Portland. "Fully 20 per cent of the people to whom I have sold property along ths Oregon Electric line have built their homes out there. Any number of these people are making half their living ex penses on one or two acres of ground. They raise ohickrns, grow vegetables and keep ons or two cows. There ars people living out there who buoght an acre of ground three years ago and paid $1000 for It 10 per cent of It cash, who have paid the remainder from tho pro ceeds of their little , chicken business and vegetable gardea I know of one man who cleared up $1000 last year on two acres of ground, located five miles out on ths Oregon Eleotrlo that hs pur chased from me two years ago. Hs did It raising vegetables and chickens. "I am a firm believer In the rich re turns to be derived from investments In acreage anywhere In the-Port land-dis trict Slnoe I have been connected with the realty; business in Portland I have seen so many men grow rich from buy lng acreage near Portland that I have come to believe a man can't loss money from such sn Investment" I AT For the purpose of putting up a four story brick building on the site, Eu gene Hoch of Blumauer A Hoch. has leased for a 25 year team a 65 foot lot facing north on Madison street between First and Second. The property be longs to Messrs. Graham & Jensen, who under the lease are to bs paid a monthly rental of (200 for the entire term. Ac cording to the lease Mr. Hoch is ob ligated to erect a four story -brick or concrete building on the property within' 12 months, the building to revert to the owners of the lot at the expiration of the leas, The lot Is now covered with old frame buildings occupied by a blacksmith shop and a Chinese laundry". BUSINESS OPPORTUNITIES e Getting in touch with a bust- e e) ness partner who will aid In en- e Urging the scope of a business ) if by providing additional capital, e) e is a matter that. Is often accom-, e O pushed by r means of an an- e nouncement In Journal Want Col e e umns - e H- Many j business opportunities e) e are presented in the Wants that e, e lead to successful business deals e' e that reap big returns for many , e I S investors. e Legitlmateybuslnes opportunl- !e)j e ties that afpear in' the :Want W vuiumim kic varciuuy .consiaerea . S e .. by . investors . who are alive . to . e e the possibilities that are -pre-", e Rtffttcdr' : " Journal Wants have aided many ' e 'a. business man In, enlarging hi' e) business or establishing a new e venture. , , - e EASES MADISON 1 ANNUALLY DOTTING OF 0IY 111 BIG BLOCKS KEEPS IIP III 1911 Resume of Structures From 4 Stories Up Surprises by v Their Number; March Per- mits as Heavy as Ever. March opened ausptolously for a continuation- of the activity In building operations, which has been ths main feature of Portland's ; development for many months. In ths face of unfavora ble weather conditions, there were issued during the first 10 days of the' month 297 , permits,, calling .for ths expendi ture In new construction of $521,400.' There Isnearly as much construction work on business blocks in. progress In Portland today as at any previous time In the city, and before the year Is much advanced ths amount wilt be greatly In-crss.-?Tfrr Work of excavating for "the basement and foundation of . the ; Wilcox office building ' at. i Sixth ! and ' Washington strests Is nearly completed. The con tractor expects tObegla nutUng4n- ths concrete footings, for., ths steel ' piers early next week.". No delay is antici pated in having the fabricated steel fori ths frame of this structure, and it Is likely that June 1 will see ths skeleton frsme of ths 12 stories la place and riv StSd.. V" :-:0--.''".-V-.-- Satisfactory progress Is beings mads In the erection of ths eight story Mult-i nomah hotel under consideration for the Thompson estate, on a block at Fourth and Pine streets. - ;: Contractors Mclnnls sVKeed are well under way with the excavation for the new Multndmah Amateur Athletic club, and will get at the superstructure with in a short time. . Tho clubhouse Is to be an Immense structure. If will bs com pleted and ready for occupancy on or before November 1. , Other big building projects! are in contemplation ; for the immediate fu ture, including a half blook structure, 10 stories high, for Upman, Wolfe on the west side of Fifth street between Alder and Washington. A It story building for the Mallen syndicate at the north west corner of Park and Morrison, and a, 12 story office structure on ths Trim ble" property at the northeast corner of Fourth and Washington streets. iron fttory Brick oa Stark Street. V Ground was broken last week for the Loeb building, a four story brlok struc ture to go up on the north side of Stark street between Fourth and Fifth streets. Joseph M. Healy owns a lot at the northeast corner of Park and Morrison streets, having a frontage Of 100 feet on Morrison street and 60 feet on Park. It Is understood that his purpose now Is to Improve the lot with a four story building, ths foundation to hare suffi cient strength to carry six additional stories. Ths projected Improvement ' of the northeast cornsr of Fourth and Wash ington streets remains In a somewhat ehaotle state. The property belongs to Mrs. C. A. TrimbU, but was leassd to a local syndleats for a SO year period upon condition that a 12 story building be sreoted on the lot Some thne last fall ths syndicate holding the leass exca vated the lot and put in the foundation of the building, but for three months no further work !as been done. It is understood that Mrs. Trimble will pro ceed In a short time to carry 'out the plans of the syndicate by improving the corner with a 10 or 12 story structure. BBlargemsnt of 2MleigH Bunding. April 1, Harry Wood, lessee of the three story Raleigh building, at the northwest corner of Sixth and Washing ton streets, will begin the alteration of the structure, which includes the addi tion of three stories, making it a mod ern, six story building;. Mr. Wood ex pects to expend about $50,000 In enlarg ing and altering the building. Speculation is rife among local realty men who operate In the district south of Morrison streets, as to the outcome of the projected theatre and hotel which Charles Sweeney, the Spokane million aire, announced he was to build for the Klaw Brlangsr syndicate. It is known that a contract ws signed last August by Mr. Klaw and Mr. Sweeney's local representative, which , provided for erection of the structure by October, 1811.. Novr, however, that the theatrical warfarebetween ths Klaw it Erlangar syndicate, and Cat Heillg has been ended by a contract allowing the production of K EN If you are working in or near Kenton you should have a home in this new tract, because you can save your car fare each day, which amounts to the interest on your lot. Just think . this over. v:w-.; ;' - ' :':A', : A AA-AA Ai'AAA:- V;:- '''-AA'X -;'; "This addition is in the center of Kenton and borders on the great manufacturing dis trict. There are several large ' factories in operation at present, and three of the larger ones are within 200 feet of National Addition. . ' , -' , s .. ; j .1, . i M-p. , .1 .1 . " ' - 7, , V f If you are an investor or a homeseeker, you should lee this beautiful tract; and select a loca tion before all the choice lots are gone. A large 'number of people are .visiting National . Addition every day. " ' " " s " Call at. our office and get a, folder showing the exact location and views of the factories and business , houses adjoining. ' Or fill in th: coupon below and mail it to us today. . : u Our salesmen and automobiles are' at your disposal, ready to take you out to the tract at a minute's notice. '- ' 1 ; ; ; , ' ' 520 Railway Exchange the Klaw & Erlanger plays in the Heillg theatre, It Is announced from New York that the Klaw Erlanger people have ool use 1 o t Atheatre- Jn,PortlandMr. Sweeney says hs Is going to Improve his block at Fourteenth and Morrison streets , according to his contract, with Klaw A Erlanger. The announcement of the signing of a peace treaty abrogating the' contract is dally expected, f One of ths finest examples In Port land of the -skill of .the construction engineer is to be seen In the 8 story half block warehouse which is going up for the John Deere plow company ' at East Second and East Morrison streets. Ths type of construction is what1 Is known as concrete skeleton. ."Th," en" tire frame of the structure Is ons solid piece of concrete, reenforced with steel. Brick ; s .being tie in, the ; exterior walls. Ths concrete work was , com pleted last f week, and ths bricklayers are now. running up. the walls. , . Within the next 60 days durable con struction on Grand avenue to tho value of approximately $250,000 will be under way. Two of ths new Grand avenue buildings are being erected by W. L. Morgan and' the, other by property own ers - on 'sites between . East Morrison street and Grand e venue. P0IXC0UNTY-PI0NEER W - : DIES At AGE 0F 70 (Salem Boreas of The Journal. 1 , Salem,. Or., March 11. John Emmett, a Willamstts . valley pioneer of' 184J, died suddenly, last night as a result of a sudden attack of heart fallurs. .. Hs ate a hearty supper, but a few minutes afterward the attack came, and at 7 o'clock he was dead. i , - Mr. Emmett was 70 years of age. He settled in Polk county upon arriving in Oregon,, where he farmed extensively, He leaves a widow ana one son, cneriee Emmett ' The funeral will be held Mon day; at 2 o'clock, ' Interment ibelng In Rutaell cemetery In Polk county. John Emmett Is the 'second pioneer of 184S to pass away within a week at baletn. Mrs. Mary Porter ' Logan died at the home of her brother. Judge Wil liam Waldo, last xWednesday;v'.;-,sft'!s OF THE UTMOST IMPORTANCE TO YOU Should b the telecfing of your future homesite. Would it be good policy for you , to choose a site in a district where the im- provements are NOT IN BUT TUST PROMISED, or would you display better judgment by selecting a site In a district where the IMPROVEMENTS ARE- IN and where the better class of home-builders are con gregating." . -' .:- 0?er 70 Homes Contracted . This record alone should be portance of first investigating our LIBERAL DISCOUNT PLAN TO HOME BUILDERS before deciding on a homesite. One hour of your time will be sufficient to carefully investigate this building plan. Let us hear from you today. We will call tor you at any hour to go and view this park. East Ankeny, Montavilla or Rose City Park cars. , . , Either Phone for Full Details or Cut Out and Mail Coupon Below XiAtruunmsT cc saa-se oorbstt Bidr . -. . Porttand, Or. ' - Gentlemen: Kindly send me new elty details of your plan of assisting home Name. ......... ; city or Towny NATIONAL ADDITION Name Phones: SI' Marshall 2248 Address mm msi' FOR SHORT CAREER North Plains, Founded a Few Weeks Ago, Boasts City; - 1 Conveniences; , North Plains, on ths United Railways, claims , the distinction of having made more progress ths last 0 days than any . new town In the northwest Bora a lit- -tie more than two months ago, the town now boasts or us own watsr ana iigni- . lng systems, street railway transporta-1 tlon , to Portland! graded streets, side walks, ta water ' tower, , modern depot, r lumber yards, restaurants. ' ' general , stores and more than 20 buildings either complete or In the course of construe- j- tlon. With tho completion of ths Cornelius Gap tunnel, 4000 feet long, the" running ' time from Portland to North Plains will be ; reduced to i0 minutes, It ' is ex pected the trains will bs using this tun- : nel within three weeks. ; The tunnel. Is . built through solid rock ana Is probably . one i of the most expensive places ' of ' work of the kind ever undertaken for an electric line. ; " , 1 Several large buildings are 'planned for North Plains. One of the first will beer brlck-bulldtnr to-houss - a' general -store. . The more enterprising " cltlsens -have taken steps to organise a commer cial club, and a " weekly paper will be ' established within the next 80 days. A number; of the large farms hate been cut up into five acre tracts, and several ; industries are said to be headed for ths , new town. , - m , for in Lacrelhiirst in 70 Days sufficient proof to you of the im Main 1803 a-iois map. plat of "Laurelhurst" and fall - builders. Street No... .. . . , ......,....... ....... ......... ootxyow tg- v - r7 iuui -v .- isfe?- .;-.Vk:ssi i .... 'WirMlTfl-K III...-, NJ.ffi - IV v 4 I f i - K f'l 11 AD ? ,.'efc.tira I 11 f 1V I8 X ... Iti ... h ON OO-OrrXATXTB XJBAXTT OOh 520 Xallway Xxohaage, Fortiand, Ore. Gentlemen: ' - - Please mall me literature descrip tive of Kenton-Natlonal Addition. Homa of L. K. Moores at East Fourteen th and Wasco: . ;. .. T t S.W fv"