The Oregon daily journal. (Portland, Or.) 1902-1972, October 29, 1911, Page 16, Image 16

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    THE OREGON SUNDAY JOURNAL. PORTLAND. SUNDAY IfOttHU.'O. OCT OB Eli 19 Ul
What Is The Single Tax?
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THE NEW JOURNAL BUILDING i
SEVENTH AND YAA1HILL STREETS
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II HUGE VATER POWER
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A. Aait4g ta r' IfcT.
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f i rlfkifVltr a la Wax
A. ava4 L
A. la t-aa Mtaaaorli aKaaj aav
llM I M Mk4 fa Ma U4f iawti M
a4 lank hla rtaaa mm lit tl aih
lata rM a I a)aa: lata af It
llaa Hu-ror4 II aa4 m14 laiaa m IL
a I afa a tit af fa4 U lc fta
tl 4Wa a Mam u aar aaa aa !
mo. 4aM t
4j fa cny
Tm Im Ur Uklaai aa,, a
U1M. IU aar aia aMiaa
mm4 Im toa4 to Im frav4 laraUa ar
lalla I ! tola. Wm taa
4. iiaiM im r-l Im Im raal t aaiM
-li ,m4m, fall. Hc,H ..M at4 m M? I'wJmmZTt, I
Km fa a la aa tuiMti Ka tia
mi a ?
A. War. torla al aa !.
H. tiaa II T r aaaa tola af lM
Ial4 aff mm pmpmr IKal raanala4 a a
No.
fanaral laeraaaa la popula-
II la au. la U4-J a Im as a
tal4 Ua aiaal tail
11. Ma. Ilaarr Oaaraa. llaa
Itli aoa U la cwTa fraaa .Naw Yaf . I r-r. a r. Taa m ira IM
ta )a waal iaa la aava fmml laaoaj raaaUf la thai malt a Ika lava,
A. fur, it ra ra. I A. tara.
H. air mahtara to I Ha I IM Ma4 1 n, AM IM toara IM aoela IKa hi.
ar la ta tia at -a aoctaaiac aaaiaa- im lava. Ika aictar tM tot valaaa
ba Ma a nava inoaaai h ia i sat IMI aar
IM mm4 v ra Mat aMul IM aaaa ariu I x. Taa.
. . ' U,K, " 6 I H. Lata aa Waralnlaa aU4 araaM
" imth. ttlila KM l h vara IIM
ataii BBUttoU a waal mm unmtmm. 1 uirtn a. at M auadrada af
-."T. ' . wVr 7T" . ! ihaaaamla. 1X4 Iha avaara raaM Iboaa
rini iv i na ibipii mm uimawii I yjMaT
A. SUIT,
l. kk.i 1 a A . . . k. . 4 .
" ' ' ' I A. Oh. IM t-OTth af Iha lew a
IL A ma haa a HM la IM Ihlacal A4 W trrowla af IM
ka hlraaatf rrvaira. A rorparailoa Ma,,T
la rtxbt la what It rraalaa, aa4 aorlafy I Taa
dtrMad lata lhaaa crroralona knowaM'0
aa ataiaa. roualUa, rill, baa a rlhl ul B. Ba Ikaaa raJuaa vara ma 4 a ar
Vbat It craatraT mn but bf aocWIjr la gaaaralt
A- flura. I A. Yaa.'
K Io raq think a man ought la bal K. An4 On Iha arlnelpla a
. punlahad for creating tiat-fal and l-ao, that la aaeh oaa Mlongt wMt ha
abla IhlataT Irraatat, Ihoaa raw land rnluaa baloog ta
, A. iot uniiaa ba la a raxorroar. I aorltlj, Oaa I tby
That a a Joka. o; or rooraa not. I A. Iooka ao. But Iha awnara baucttl
li, no you inina a man ouni ia navaioa aparulatlo ana) paid Iha taaaa.
r tha proparty fia Mmaair hae rraattd n That haa Mkthtnc ta da with vha
tak-n away from him without com pan-1 mada tha valuta. Ho ma ewnara bouaht
6B SflArulaBllaM affli4 UlllU a4U4all. httft falll
crniM, avn nt int0 tht owntrshtn In ptu of thwtn-
' 'r ' - - lulwatal Ttaafr AA aja aa aa aa aaajaaM. 1 1 aa aV.aaa
'enllactaA aa atrial i , , "I man raa Mil thla unaaraad Incratnant la
whathtr It a en. m.a or a mUlloa. Tbt iU And 'f U,m lha to .!
prtnclpla la tha aarna.' 4 "a awnar aiwuia
R Than you ara a alnala laiar. Pw " prloa of tha priniaga of
A. All right. But Tin atlll from Mil- ownUtg tba lot. Ha haa abufflad off a
aourt; ahqw ma. larga part of hla burdan onto tba par-
B. What 1 tha valua of land without onaJ prepartr of tha comrauoltr. which
paoplaT J-t ua. for example, atlck to rtlr doaa balong to tha awnar'and
tha city of Portland. What waa tha whlchtha community haa no light to
valua of this townalta wbrn It waa a fir tax at all. Single tax alma to Mt thla
.foraat and only tba paaalng Indiana I right and axarnpt lmprovamaata.
camped upon It r I A. Well. If ha Ukaa tha loaa oughtn't
A. wru. tha land mutt htva nadlba to taka tha prof't?
Bomo-valua; and tha timber. . I . B. Tha alngla tax does not aak him
m. dk vaiueT ii nw a potaniiai to taka althar. 'It danlea hla rlgTttHatha
VuBefulneBB to coma In tha futura. The unearned. Incremrnt whether It baKln
land would raUa crops when i cultivated, tmet an Increaae or a lo.s. If hla prop-
i T . T. . rtf hPn" " " fkw Jand value, ao-
MtlonT
-A."No,-.
law. "
fta Ui la raaltr alr a waraaa mm
ally mm ika BMmlaiar wM M4a toad
aal af aa. waitlag far erUr ia cvaala
baavy vaJaa wktok M raa aaltoet.
A. Jmmr Maa la. ikaa, IMI a pwM
ak4 afiaaiaiaa to toad Ml la vataaa
kwb M li aat evaala aad vkkf k d
aat Mlaag ta klaiT
tL Taa.
A. bat attpeea ba I mm la Ika tpw
Miiaar
B. I bava already laid yets whether
im 14 valaaa g aa ar ctowa froea aar
aartkraiar partad ao aX alter Ika prttv
rlpla aad a I raa appltoaitoa af IM prla
rtale waatd aavor allow tM Indlrtdual
la Hthar toa ar gato. ftorletr the
leMtor aagkt la M Iha laaar ar galnar,
mm Ik la la Ike alngla lax? I nanal
aay Ifa at aa allly aa I Ihoaght II waa
Hut you aay Orvgaw la aot trylaa ta
pair ike atagie tax T
n. Not at all. Tha td af making
aartotr tha landlord, eatlltod to the
rental valua, doaa aat enter Into any
law naw pending la Oragaa.
All that any or meae lawa ar attempt
tng la la taka the tax off of lmprova
maata and put It On land value. That
ta. Ilka IJoyTj-Oearg la England, ta
Oregoa reforma pro pom to taka Juat a
little af IM land valaaa bv naaoatng
a tax mm tbera. If that prove to ba a
failure, tt can ba dropped. If It prove
ta ba a aucraaa, tha paopla raa carry It
aa far aa they pi. In Vaneoavar,
B. C, It ta proving a great aaceeaa.
At Ihta point both gentlemen left tha
car aad I hava no doubt that tha Ue
euealon la a till going on.
Aarardiag t tM tow a aaAa wklrk
Ike water fickle ara Mid n wtii.b
ery for warw ta ba aianad aao.
Tli tlmtwr imuM ImlM
: "r, . . . ; T eny innnni in na raw ana value, ao-
'.ih " tb ""fU u umea that
Jjf'-l.JLL? hrlnkage and relieve him by that
'"T,, that i ic.n. w. t. or P.y.
. Wher. ... tha 1m.nrtT DM It h.v . mnt to T. " tha value rle.
'market valuet
A. Mo. without any ona at all here
naturally by the earn reaeonlng, aoclety
aaaumea thla alao, and ralaea hla tax
wanting to uae It, of course It couldn't or Pynnt to society.
'haVo a market value. A- But wn,re la the reward for his
V , B. Then if a man came and cleared hrewdneaa In selecting hie purchases?
a little farm, built a cabin and planted B. We come back to tha main quea-
, a garden and fields, what value did the tlon: Did hla shrewdness create the
-land baveT land value? W know It did not Why
. . A. Whose land, his or all of It should bis shrewdness ba rewarded with
. around him? a thing It did uut create against tboaa
r B. Both., who came later and helped aa much as
. , A. Well, the land around him didn't he In the creation of the land value?
have any value because there was no- Or against the unborn, who had no op
.; body wanting- it and there was lots of portunlty to select at all, hut who will
' It, but suppose another fellow drifted In, equally with blm put the value Into the
dont you suppose he would pay more lot by the growth of the city? Why
u'- k . , " ""'"I",1"'"' should men who gobble up power sites.
I!l .a",ta pleca .uf T.lld. la"d for example, Tecolve the whole unearned
MILLER DIDNT SAY HE
FAVORED GOV. HARMON
Ban a tor M. A. Millar af Una county
much disgruntled bcaaM ha w
quoted whlla In Portland recently aa
raronng tha oieetioa to tba r real dene v
of Ooveroor Harmon, the Ohio Demo
crat,
-I merely aald that I would ba alad
ta help In preparations for Governor
Harmon's entertainment If ba cama to
Oregon," Senator Miliar wrote to Tha
journal yaatarday.
-mat aoean t mean that I approve
the candidacy of Oovernor Harmon
bova other possible Democratic can
didate, in fact I haven't announced
my poaltlon as yet"
CHINESE CENSUS
TAKING IS CRUDE
Keeping tha flap closed by a rubber
cord, a Washington Inventor elalma to
have devised a coin purs that la safer
than tha usual forms.
ta ike totatvettaa! Ml ft.)
Ltaitaoa. Oct H TM Ckla aaal
ar Ukiag a eaa. yadgtag fraaa tha
till aaaa af Wat-Ual-WaC toaaad
fram tha colonial ofrvna Imi night may
b aald la M Iha toal word la tM art
af My uric Moo.
Tba Chin alhed af reckoalaa
age would aoarraly mt with tha wkol
harlad apprwval af a maihamatlclan.
Tfcua. for laataare. a China rnlld at
birth la aaJd t bm ana rear aid. afior
it aaa paaeu an new year It la aald
to ba Iwa year pld.
The myeiery now deepens, for la tbla
way. a child bora In iha last month of
Iha year may ba aald to Mva attained
Iha dignified axe of Iwa baor II la
It daya old by our reckontne. Ia atrfta
of thla tha report aaya, Iha actual age
returna ara vary accurate.
Thla pleasing statement la aaeald
for by tba fact that the yeara ara di
vided Into cyelea of It. each ona of
the It yeara being represented by tba
nam af ona of It different animala.
The Chlneae year corresponding to
UTt waa tha rear of the rat: all horn
In that year belonged to the rlaas of
rat; as alao do all peopla born la tha
year removed from 1171 by any multi
ple af it.
It Is considered Impossible to get
married, hava your fortune told or hit
on a lucky day with anything like auo-
casa unjeae you know whether you ara
a rat ox, tiger, bar, draaon. mk
bore, aheep. monkey. fowL doa- or nl.
A doaroe of error In axe la lllua.
'rated -by the Case of an old woman at
the village of Chlng Tsu. known to ba
over 100, who Insisted on tba census
enumerator entering her at tt. Thla
was becauM It la a customary term of
abuse to call a person a ! yeara old
donkey," or "ten-toothed donkey," which
has tha aame algniflcanoe.
Rheumatic pains increase at tha an-
proacn oi a amp weather because tha
heavier atmosphere Increases its pres
sure on the body and causes a tempo
rary aieiurnance or tha system.
increment against society, which by its
presence and growth and demand gives
, man s labor. Now listen. WV "'8 you '
Th .wi .. B. The forestalier or go
got me going.
The forestalier or gobbler may oe
for nothinir? Of course, the first set.
tier put value Into the land.
..4 Tl T Atxn't Irnn.. ... 1, l t...mnM
Tmind findT U so biTrd' to paraVr th IV "tfl
t value or raw
V given to It by
otfca for all: Thn alnsrlo tar ilnci nnt
propose to tax or lav claim to anvthina- likened to a pirate: By shrewdness and
v whatever created by man's labor or oy forc of ,ftw " ,e P'eca of land
ingenuity. If be runs one furrow and nd nolds 11 "klla society is putting
plants one row of peas, that added value value into It. Then when another wants
-is his, not society's. Every ditch,. every that site, the forestalier sells to him
fence, every rail, every house, every those very value he has not created.
. ehlngle, every flower bed or cabbage The whole question comes down to this:
. bed, every well, every conceivable thing Who creates those raw land values
..created by man is exempt; for the rea- which society seeks to appropriate for
son that the singla tax thinks it im- the general public uses? If the Indlvld-
moral as well as bad economic policy ual owners create them, they have a
to take from a man what Is truly his right to them. If society as a whole
?T' 4very sheep' cow- horse, chicken creates the values, society as a whole
, u,jb wwgury. iney were re- na8 a r)gnt to tak them
flltnad nut av 1 1 1 i I w
uvtu xjuk ui wxiujitres ugets ago ny man S
labor and ingenuity; they are bred and
..u
'tit' n
9
A. Oh, well, you know no Onb man
makes land values.
B. Very well then, that's the end of i
it on the moral and economic side. But
there Is another side to It. You think '
it wrong to hale a man to the sherl.'s
office and fine, him for creating great
values. '
A. Now you're talking natty.
B. You know Portland has lately been
tearing down old shacks all through tha
town and putting up fine to 16 atory
buildings?
A." Yes. ' '
B. Taka the Yeon building. It went
up where a lot of wooden shacks were.
A. Yes.
B. Don't you know the taxes on the
Yeon building ara enormously greater
than they were on tha old shacks?
A. Y'es, of courae. . -i
B. Bo, Yeon haa been fined. Actually
dragged into the sheriffs office and
fined for giving thtV town a splendid
improvement, xne jot n built on !s
precisely the oatn one that held, the old
shacka: his Increased tax la his punish
ment for creating a great fine bulldlhs.
and tha speculators who leave their lots
vacant are rewarded with low taxes.
A. But tblnlc of the lncreaaed ranta
Teon arete. - d
B. Yes, I know. It's the aarna wayi
Ketehnmstoch Mining Co. Inc.
Bremerton. Washington
Absolutely Sale. Solid, No Chance lo lose Principal Iivested
Gold Bonds
GUARANTEE ALL TRliASURY STOCK OF THE
KETCHUMSTOCK MINING CO., INC.
Nf ver before in the history of Alaska mining has an op- '
portunity to participate in the earninsfs of a mining
company without chance of loss been offered! investors.
The Ketchumstoclc Mining Company, incorporated under the laws
pf the state of Washington, owns and controls forty-nine Placer
claims, two free milling Gold Quartz clairryand Six Copper claims,
carrying both gold, silver and running 7 per cent copper on the
surface.
It is the intention of the company to develon its nlarer tinMinn
by the, use of the most up-to-date hydraulic process available, capable
of handling 2000 to 3000 yards per day. Seventeen bench claims have
. been worked to some extent by hand process and run from 50c to $1.65
per cubic yard. Zy2 miles of water ditching have been constructed at
a cost of $5,250.00 with a water fall of 250 feet. " J . v
All the holdings of the Ketchumstoclc Mining Co., IncXre lo
cated on Ketchumstock Creek, the head-waters of the Forty Mile riv
er and situated 110 miles south of Dawson and 280 miles inland from
Valdez in the Forty Mile precinct of Alaska.
Capital stock $400,000 divided into 400,000 shares of the par value
of one ($1.00) dollar each.
In order to install modern equipment for the development of its
holdings, the Ketchumstock Mining Co., has authorized the sale of its
Treasury stock at 50 cents per 'share, par value $1.00 and has eaused
the same to be secured by guaranteed gold bonds as collateral security
These bonds are furnished by the Granite Securities company of Los
Angeles, Cal., and are backed by bonds issued by the United States
states, cities, counties or school districts, improvement bonds of incor
porated cities, first mortgage and bonds of public service corporations
which have not defaulted in the payment of interest for a period of
three years. . - '. - , ,. ;
-" The investment of $1,00 in shares of the Ketchumstock Mining 7
Co. may bring you $25.00 or $50.00; besides, it is absolutely impossible
for you to loose the amount you invest. .
Ponder well the merits of the" Ketchumstock Mining Co. and com
pare it with other investments offered you. v , .
hlnotvX1' the "curity . 3 .A-:..rni at
No stock genuine without seal affixed and signature of both the
president and i secretary attached. therto. All stock non-assessable and :
Ju ly paid. Mr. G. Benjamin Pomdexter will be at Hotel Oregon un-
till, Monday .night, after that address .. . . . "
' Headquattett Ketchumstock Mining Co., Inc Bremerton. Wash.
5 INCORPORAT'n-ttt. ?
G, Benj. Poindexter, James Wtckersham, Frank K. Lee" '
'. OFFICERS: '. " '
G. Benj. Poindexter, president and'treasiirer; Sam Fiti, secretarr
I : '"' -rA h ;U' i ,D. iS'! w iC'- .V ',', II
II kfejiiiMiiai h y
1 1 i :iv- ; - --p Mill
II SrSS rn ? HI .
sorxjs anrsK okawob to mass aixT-Esaso ZHTESTarxirr
The Journal Building company will erect "a building for The Journal to be' the permanent home of the papwr.
The 11 story structure will be located on the southeast corner of Seventh and Yamhill , streets, across the street
from the Hotel Portland. The class of bulldlnt: will be A-l. ' Th cost of the structure, Including tho ground,
100x100. will be above 1800.000. The company has not enouarh monev to build thla Mtructura wllhnnf horrowinc.
, and it will have to borrow $300,000. one -half of,-he neceseary amount. - There -are two ways of borrowing this 'I
. inuim;. um way ia 10 tjei u irom our rncnaa, our anveruaera ana suDscriDers, oy suDscnptlons, to a Don a issue;
: secured by a first mortgage on the building and ground. -
. . Th" JourtlfLl wlAha tr aapartnln hn mnnv of frfAnAa will inhMHh. trt 'that, knni -anA In what nnnnll
.Then bonds, if -issued, wilfc draw six per -cent Interest, payable-semi-annually, through a trustee or bank here in
Portland, , and will run; ten .years. . , . , , .
In other words, thra'.iu'an opportunity for friends of Tlie Journal to (invest-their ' monev In'a wellsecured
six per cent- bond for ten years. In the event the bonds are "called" -taken up-prior to the expiration of' the ten
years,' a three ner cent premium1 -on the face of the bond "called" 'vill be paid in addition to the Principal and ao-
j cumulated interest.' The 'Other way of borrowing this money Is from a trust companv. or life lhsurance company.
or capitalist,- in one lump sum for a specified term of yeara at a rate of interest below six per ofcnt. ' '
The Journal is simply desirous of determining: liow many of Its friends are willlne- to. subscribe to the bonds
oh the terms as xlven "here. In amounts of 1100 to 150.009. - It prefers to oav-interest to home neonle. and even a
.' higher . rate in preference to outsiders, end makes tills frank statement in consequence, , in ; conneution with the:
announcement of the construction of the building. ... -. ; t, 4 5
.'vVv. ..:.; v"v' i.J-: V -U' r--ov-K.:.. T'" " . '7i Viv'.'V'iVf.'''-,- . f, ' '
s v - The -above, announcement, appeared for the first time in The Sunday Journal of Octobet '22, " There
has been agratifying response, -many subscriptions to the bonds . corhing from unexpected . sources" More
thai) $100,000 of the bonds have already been taken. "If readers of -this paper desire to-invest in these bonds,
to be issued about January 1st, 1912, through- the Security Savings & Trust Company;-who will. act ts, trustee,
let them. fill out the following form and mail it to C:S. Jackson, Publisher, "The Journal," Portland, Oregoo.
Small subscriptions', as low as $100 especialljy invited, as well : as larger ; ones, until the whole issue of the
bonds, $300,000, is taken:. ,",",?".? :-x-"s -''i,j:crLx..sft'--'i
JOURNAL BOND SUBSCRIPTION U 3
Please enter my name as a subscriber r for Journal Building Bonds, according' to the terms"- of your
i announcement, in the sum of. , .... i.'. V . ..U. dollars,
ut January 1, 1912, upon. payment of their face value. i'r ',-
printed
the1 bonds to be delivered to me on or about
. : . . - -, . . w . ., ...'?-"
.1911
t. IB
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4