The Oregon daily journal., January 17, 1915, Page 7, Image 7

THE OREGON SUNDAY JOURNAL, PORTLAND, SUNDAY MORNING. JANUARY 17, 1915.
omins
AGA1NS
EXCESSIVE
PROFITS
IN BRIDGE BUILDING
tate Highway Engineer
Bowl by Says Taxpayers
'Have Been Mulcted,"
SPECIFIC CASES ARE CITED
Willamtt Bridge at CorralUi Ct
17,000 Too Much, Asserts Official
- la Annual Report,
A sensational feature of the annual
tcport of II. I. Bowlby. state highway
engineer, m id.) public yesterday, la an
exposition of the excessive profits
marl in recent county bridge con
struction. These have In tome in
stances been as high na 150 per cent.
ie asserts.
In j proof of hi statement he cites
a (number of 'specific case and. gives
detailed figures to show that the tax
payers have been greatly mulcted.
According to theae figures, the Wll-
laviclle bridge at Coryallia. built In
I5UZ-19I3, coat the taxpayers of Ben
ton county" approximately 117,000 more
than It should. The Newberg bridge
coat ! the taxpayer of Marlon and
Yamhill counties approximately $30,-
000 more than waa necessary. For the ,
I.afa;jeU bridge, built In 1011, the
exceaalve profit waa 13468.
, i . Coat Za Compared.
To, demonstrate the great saving
made by having bridges constructed
under the supervision of the state
highway commission. Mr. Bowlby com
parea the, coat of the 160 foot steel
bridge built in 1911 under the super
vision of the Yamhill county court
and the cost of the 156 foot steel
bridge at MiMinnvllle built this year
under the direction of the highway
commission.
The comparison shows that the lat
ter a longer, higher nn1 much heavier
type; or bridge capable or carrying
twlcw'the load of the former was built
for $1716 less. -
Another comparison In eost la be
tween the Kerry street bridge in Lane
county and the Kandy river bridge- in
Mnltnomuli county. In the case of the
fprrder the total weight of Btecl in
th superstructure was 148.6 tons. For
this i Die .fount y fluid f. o. b. Kugene
the sum of $27,4r.O or $184.72 per ton.
The! mill price of ateel at Pittsburg
was; 28 per ton.
Sandy Bridge Included.
Inj the Sindy river bridge, built un-
fler the supervision of the state high
wayi department, there waa 1 55 tops of
steel which cost f.' o. b. at Troutdale
$10,1 HO or $60.60 per ton. The mill
price of steel at Pittsburg was $25 per
ton. :
4 Taking up tho brl'fge at Corvallis
4Mr."f'owlliy aaya that this brldge.whleh
wat built by tho Coast Bridge com-
party cost Benton county, for the steel
span and machinery $34,200. The
price paid for structural steel f. o. b.
Cor vain wa $;!l,407 or $169.76 per
ton,;.)' The price of atructural steel at
Pittsburg January 25, 1912, .was $
r.itori. The price f. o. b. Corval
k fabricated- ready for erection and
iJloletng ten 'per cent profit" to the
Cehti-actor would be $75 per ton,. Thero
wTf 185 tons, which at the rate of
175-iper ton, would have coat $18,875.
Jllowlng an additional five per cent
for engineering and plans; or $793 to
gether with an allowance of $2000 aa!
the retail price of gearing machinery
the total cost of the bridge should have
.bee. $16,668.
'i Overcharge Is Claimed.
ff.Thla shows an overcharge to the
county on this basts of $17,532 which
la a- profit of C per cent to the coa
ttaotor on the steel alone of 105 per
rnt. The county paid the Coast
Bftdge company $4550 for erecting the
superstructure. This la at the rate of
$24 j per ton. An average figure for
erection would be $20 per ton. The
contract for the substructure on this
bridge was lt to Beebe & Stevenson
for'j $28,483.50. Mr. Bowlby says he
has! not had an opportunity of investi
gating the reasonableness of this fig
ure. A bridge at Kugene over the Willam
ette;, river cost Iane county $42,00(K
1 titf bridge consists of one 100 foot and
one! 120 foot Warren pony steel span
and one 300 fodt Pratt, pin-connected
through Fleet span.. .
'Ifhe price paid the" Coast Bridge com
pany for the 300 foot and the 100 toot
spans, f. o. t Kugene, waa $23,700t.
The weight of the two spans was
1X7.3 tons, wlilcrrglvea the unit prices,
f. , o.-b. Kugene. $186.32 per ton. The
mill price at Pittsburg on this -date
waa $28 per ton. The steel cost the
contractors $75 per ton, f. o. b. Eugene,
or a total of $9540. Aa the county
' paid. $23,700, the profit to the con
tractor on the steel waa $14,160, or
148 per cent: Deducting from this ,a
fair profit of 15 per cent and an en
gltieerlng fee of 5 per cent the amount
lost , to taxpayers was $12,181.
, . j Additional Spaa Purchased,
'" After, the work was started an ad7
dltional span was purchased. It was
the! 120 foot Warren pony riveted span
weighing 31,4 tons. For this the coun
ty j paid $3750, or a unit price of
, $1715.20 per ton.' The cost of the steel
to the contractor waa $75 per ton. His
prdflt waa $2145. , Deducting from this
a ,J5 per cent profit and an engineer
lng charge of 5 per cent, or $335, tho
amount lost to taxpayers on this tran
saction was $1810. making a total
. overcharge on the superstructure of
$13,891
An additional payment waa made, to
the Coast Bridge company of $3750
for changes and additions. The sub
structure and the erection of the
Huperatructiire waa bid tn by the Coast
.Bridge company for; $10,800, making
tue total cost or the bridge $4Z,ooo.
A bridge near-. Newberg across the
1 Willamette river was completed In
January. 1914.- The total cost to Mar
ion and Yamhill c'oithtles was $83,
878.68. - There was paid to the Coast
- Bridge company for substructure, erec
tion of superstructure and approaches
the- sum of $64,182.68 and to the
' Northwest Bteel company for steel
$18,638. According to the fieurea
t given by-Engineer Bowlby the cost of
construction was $27,717.48. This left
a profit to the Coast Bridge company
of $36,475.20 or 131 percent. Allowing
a contractor's profit of 15 per cent and
an engineering fee of 6 per cent f the
amount of money lost to taxpayers
waa $29i728.65, . ; y
i Delivery Xs Delayed. .
On March 26, 181S a payment of
$4500 was made for steel to the North
west Steel company. April 5, 1813 a
second payment for steel 4 was made
this company of $5500. This made a
total payment on a steel contract 0f
$18,686 of $10,000 Just. 17 days after
the contract was entered Into. The
steel was not delivered for six months.
The records further show that a pay
ment of $15 waa made on this bridge
in November, 112, to the Coast Bridge
company five months before the icon-
tract was ,:made with, this company j
which was March 19, 1913. The ex
cessive cost of this bridge to the tax
payers, continues Mr.1 Bowlby, is most
ly due to the fact that there was not
full and open competition when the
bids were opened, : r
.The- letting of the contracts for the
construction of the bridge and all de
tails therewith were handled by the
Yamhill" county ,court The Marlon
county court paid $41,192.68, or about
one half the cost of the structure.
From July, 1910, to. September. 19J4.
Yamhill, county paid for bridgca a
total of . $177,875.25. '. ,
-.' For a bridge located one half mile
from Lafayette, over the Yamhill river,
the coimty paid $18,833. A fair price,
says Mr. Bowlby, would have been
$12,000. The contractor" profit on
steel was 101 per cent.' TtW contractor,
the Coast Bridge company, was paid
$5:08 for the foundation Work and the
erection of the span.
Says $1557 Was lKst',
Of this amount. $3000 was paid f or
erection, which is at ine rate oi ?Ji per
ton. The- usual estimated price, says
Mr. Bowlby, la $20 per ton for the erec
tion of bridges of this type.
A bridge at Newberg over the Yam
hill river, built by tm Coast Bridge
company., cost tho county sa&. u ne
ontraetor's profit on steel was 82 per
cent. The money losfcito taxpayers on
the steel was $1557, i
Another example .of : excessive price
paid for steel where the county court
dealt directly with the bridge company
la aa follows: In September. 1910,
Yamhill county purchased from, the
Coast Bridge company 14 15-lnch steel
I beams, 30 feet long. The total weight
of these beams vas 8.8 tons.
The price paid was $1160, which Is
at the rate of $131.81 per ton. They
cost the contractor $70 per ton. His
profit was 88 per cent or $544. The
actual .retail price of these beams,
which had no shop work on them, says
Mr. Bowlby, if bought from any retail
steel dealer in Portland one at a time
would not have exceeded $90 per ton.
They cost the county $131.81 per ton
and 11 of them are said to be lying
in the grass near the railway station
at Dayton where they have lain since
their purchaije.
. In his statements of the costs of
bridges and the prices that- have been
paid for them by county courts. En
gineer Bowlby says: "There has been
ho attempt to single out one company.
It happened in the cases investigated
in those counties where we have had
an opportunity to investigate the rec
ords of the steel bridge work
done by the Coast Bridge company.
Seasons Are Shown,
Undoubtedly if an examination were
made in other counties a similar con
dition would be found to exist, except
that in some- cases the work would
have been done, by some other bridge
company. The figures have been tak
en from the records in the officesoof
the county clerk and -county treasurers
in each case. ;
"The exceaaive cost of county lilgh
way' bridges 13 due' "to one, or all, of
three reasons. First, construction of
too long a bridge, or too much bridge;
KENTUCKY SENATORS PAY VISIT TO WHITE HOUSE
' ' , ' j t ' ' y ' i r , 4
,
f.. s3u-1 A
J ;s i few srw
v, - vs. v s A s , ' vw'.w ' Sj J
ADVANCE OF CITY'S -
SCHOOLS IS SHOWN
BY SET OF PICTURES
- . s 1 . :
Children Are Depicted in Act
of. Performing Work of a
Practical! Kind,- .
- rhotograph by . Harris & Ewlng.
Senator OIlie James (at left) escorts bis new colleague, Senator
Elect .J. C. W. Beckham, to the Whi'e House for a call upon
President Wilson. ' '
Bufton Admits
.Columbia's Needs
Senator Says, Howerer, That Projects
Arc ExpanalTe and That Estimates
Have Been Too j&ow.
Theodore E. Burton,: senator from
Ohio, has been leading the fight to
reduce the river, and harbor bill, but
he does not intend Columbia river im
provements to be endangered by his
fight, if expressions in a recent letter
to a friend in Oregon are a fair in
dication 'of his point of view. Whjle
the cost of the work at the mouth of
the river has been enormously ! ex
pensive, he says, the work Is very im
portant. In part, his letter reads:
The house committee on rivers and
harbors has set apart for the Columbia
river at Its mouth the sum of $1,250,-000,-
for the same river above! Celllo
falls to the mouth of the Snake, $45,
000. between The Dalles ?.nd I Celilo
falls. $80,000. at Cascade $-10,000, and
for the Columbia and lower Willamette,
below Portland, $600,000.
'My long experience in river and
harbor legislation debars me from
showing partiality to any locality. In
sistent demands are ' made-by rSOO or
400 localities, and each that Its proj-
second. buvlne an . imnroDer deslan or 1 ect 13 the most important or an. it
stvle'of brids-e. that is.-buvlna-a-tvne Is the disposition of the house coni
Ot bridge wnoliy . unsuited to the lo-1 u pay some aimnuun w mo
cation, or buying a "stock" bridge; ngnt wnicn was maae ai ine iaei sea-
third. too hiah a nrice Is usuallsr taid. slon. and they are reporting oniy a
due what la known as Tpools" small bill, something less than $35,000,
aaaonctRe bidders. It has been found 000. Such being the case, I am not
taat ooerldee company will do all sure that the. Columbia river couia
the work''-Of one county, and another I be placed under continuing contract,
brldg! -company get the work in an
other countyj" !' ;
"The bridge .troubles usually met
With by. the county courts can be
avoided ' lftheyt will avail themselves
of -competent bridge engineers: that
In,, bridge engineers notconnected with
It must be conceded that this has been
an enormously expensive pro. ect. The
estimates have proved to be too small.
It was expected that when I Jiras chair
man of the committee, the appropria
tion made in 1907 would finish the
work, but many millions have been
the 'erecting company. , This method I spent ; since then. At "thie same time
would be very expensive, as the bridge
work in any one county does not war
rant the continuous employment or
a competent man. -ine simplest solu
tion of the problem Is to put the su-
.bld,f;.fK.2l! haveund their cdl tf:
way department.
years assistant county treasurer, filed
I fully realize the importance cf tha
project-" i
Twdi Womenw'lIl Ron.
Eugene. ; Or. Jan. 16.-Two women
flee, is circulating hets, and will file
later. An exciting . campaign ; is ex
pected by friends of candidates.
flee of city treasurer, annual election
'V, "Tr '-.r' in April. Mrs. Lou Clinton, for five
rrMru1;".::: I her petition this -afternoon and Mrs.
uZ nZJ JkisHij MVni Ella Fisher, for a number of years
. - J"".-- -,rr :r".TJK ' assistant in the city treasurers of-
the state office. The examples show
that the profit on county bridges has
been as high as 150 per cent. A coun
ty court without the services or a
competent bridge engineer is helpless
in the hands of the average bridge
company." .
Eastsiders Want
Service Restored
Lectures Are Given
On City Beautiful
11 1 . " 1 ?
Landscape Architect of Public Schools
Will Speak In All Schools of City
At Holman Friday Wight.
"City Beautiful Plans" was the sui
ject of a. lecture delivered with thts
aid of stereopticon views to a large
audience at the Holman school Friday
night by Howard Evarts Weed, land
scape architect' of Portland public
schools.
About 100 slides were shown and for
the.. most part they were views of
children's playgrounds, vegetable and
flower gardens; and parks, taken 'in
many of the eastern cities. The home
lot with shrubbery and flowers waa
of equal .interest to the parents.
Mr. .Weed is delivering this illlus
trated lecture on- Tuesday and Friday
nights of each week in the auditoriums
of the different schools. Next Tues
day night he lectures .at the Kern
Bchool and the following Friday night
he will visit the Arleta School.
Daniels Opposes
Drydock Scheme
Secretary of Wary Does Hot Favor
Plan Urged for Month of Columbia
Kivar and Will Not Keconrmend It.
That Secretary of the Navy Daniels
considers existing naval stations on
the Pacific coast sufficient for the
needs of the Pacific fleet, and that
therefore he cannot recommend the
establishment of an additional naval
station at the mouth of the Columbia,
Is the information conveyed' in let
ter received by the chamber of com
merce from Senator Lane.
The chamber's recent request -was
for a naval base and dry dock.' but
Senator Lane says that "in view of the
refusal of the Secretary to recommend
any outlay for "its establishment, and
his statement that -it is his policy
to utilize all possible funds for the
navy afloat, it would be useless to
make further effort at this time."
The chamber will continue its ef
forts for the establishment of the
station.
DAVIES MAY HEAD FEDERAL TRADE COMMISSION
L R. ALDERMAN EXPLAINS
Superintendent - Relates Haw Educa
tional Ideas Betas; Put Into
Practlc Hers.
The forty-first annnal report for the
schools of Portland which - has been ,
published by . the directors is -dtstin-'
guished chiefly by its pictures portray
ing the industrial education afforded
by the schools.! ; J 1
The views show high- school' girls
learning how-to cook and sew;; boys
learning how to print, to . work with
tools in fashioning wood, to - handle
machinery, and to cobble shoes. ' Chil
dren are shown engaged in turning un-'
sightly vacant Hots into orderly and
productive gardens, and photographs
of samples of: jewelry and stenciling
are displayed, j ,
Superintendent Alderman, in his re
port, mentions among other new things
in the tschools.: the plans of permitting
teachers to advance with their classes
from year to year, open air rooms, and
we pupua vacation employment du
reau. The health of the children he
says, nas been a first consideration.
TYeihave had constantly In mind
the great importance of establishing
right habits in the lives Of our young
people," saya the report. "We have
laid emphasis on habits . of correct"
posture; the effort to secure the right
quality of voice; Industry, both mental
and physical; neatness, self-control:
willingness to cooperate: ability to
form true judgments; altruism. We
have tried to discover the bent of the
individual child,- believing that bv
working alone the line of the child's
interest we can most heln him.
"The records show a substantial in
crease in the enrollment for a year in
all departments. In the day schools
the attendance increased from 31,265 to
33,142. The! attendance at nlaht
schools has more than doubled; it has
risen rrom -1816 to 4265. The vacation
schools have increased from 2800 to
4260."
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Iiimiit Tn nn in ninr
HflAI IU UU 111 UriOL
OF FIRE WILL BE THE
TOPIC OF ? MARSHAL
Opportunity Will- Be .Given to:
Grown-Ups to Know How
to Combat Flames.
MEET- WEDNESDAY NOON
PhotOfTl by Harris A Kvlng.
Joseph E. Davies, of Wisconsin, at present commissioner of corpora
tions, Is practically certain to be a member of tha new federal
interstate trade commission, which is soon to be appointed by
President Wilson, and may be Its first chairman. The new com
mission will absorb the present bureau of corporations and will
have practically the-same powers over corporations-doing an in
terstate business as the Interstate Commerce commission does
over the railroads. It is to consist of five members who draw
$10,000 each annually and a secretary at $5000. Their terms are
for seven years. These men will choose their chairman and be
cause of his present position Mr. Davis will undoubtedly be their
first head. The names of the appointees are expected to go to
the senate about the first of the year. -
Talk win Mads at Coumorcial
Club Alonjr Xilnes of Those Xads :
to Children In Schools.
Bring Scrip to 516 Pittock block.
Redeemable for railroad or streetcar
transportation. (Adv.)
Old Territorial Seal
Used by Multnomah
County Commissioner Holman Votes
That Historic Emblem Saa JTot
Been Relegated to Oblivion.
County Commissioner Ruf us C. Hol
man last night called attention to the
fact that the old territorial seal of
Oregon has been adopted as the offi
cial seal of - Multnomah county and :
has been used many times. Including '
an Impression on each of the 1250'
bonds sold in the $1,250,000 interstate
bond issue. The Oregon Historical
society and Daughters of the Ameri
can nevoiutjon nave started a move
ment to have the old seal readopted tov
take the place of the present state
seal. . ;
"The handsome old seal has not been
relegated to oblivion," said Commis
sioner Holman, "for tho ' county uses
It frequently. Should the state re
adopt the seal It might cause consider
able , confusion. The commissioners
felt particularly gratified whei the
seal was adopted in being -able to se
cure such a beautiful seal and would
be sorry to be compelled to divide the .
honor of using it with any other de-
partment of government." 1 .
Sale Makes New
War Stamp Kecord
Transfer of Norton! Hotel Property
Carries Stamps la Sum of $306.50,
Hanging Prom le to $50 Each.
The actual transfer Thursday of the
properties involved in the sale of the
Nortonia hotel has set a new record in
Portland as far . as concerns the
amount of war stamps necessary to
legalize the recording of the deeds.
Stamps to the value of 1306.50 were
necessary and the documents were
plastered with them ranging in value
from one cent to $50 each.
The sale was made about three
weeks ago. Charles Frazier, president
of the Crescent Paper company, was
the purchaser. He paid $360,000 for
the hotel. The 8. Morton Cohen In
vestment company owned the property
and in part consideration accepted the
building at Ninth and Davis, occupied
by the B. & O. Transfer company and
some east side properties. P. V. Fry,
of the Fred A. Jacobs company, acted
-for Mr. Cohen In the deal.
"If your home suddenly caught on
fire, what would you do?' In 'plain,,
honest truth, would you know what lo
dor
These are questions the Publio
Safety Commission, through Chairman.
Co tf In. is asking pointedly the people:
of Portland.
1 The commission proposes to give '.
Portlanders the opportunity to learn,-
the answer at' a special meeting,
called for next Wednesday at noon at;
the Portland Commercial dub. when, .
Fire Marshal Jay W. Stevens will talk .
on "Fire Prevention."
Fire Marshall Stevens' series of talka
under the auspices of the Public Bafe-
ty Commission in the schools are a. .
means of educating the growing gen-
eration, but the commission is find
ing out that the present generation .
needs attention just as badly.- Hence,
the -, Commercial club gathering next
Wednesday when Mr. Stevens sWill pro-
ceed to fire hot shot Into every man. ;
present - j
The meeting is the first of a series,
that will be held at' the Commercial',
club under the slogan of the "Safety,
First" movement. , ;
It Is contended by the commission,"
that there la scarecely anything In the ;
world that demands such immediate,-;
attention as -that of . fire. The brave
lose their nerve at such a time, mn;
bers ofv tbe commission say, and thlal
meeting' is intended to educate the
genera public along common sensed -lines.
. ... v.
"I am satisfied that after any man
woman Or child hears Mr. Stevens' ;
talk he cannot but go away better t
prepared to combat with a fire should",
it occur, and also to remedy a great
many conditions which exist that will
prevent the occurrence, of fire." . said
Secretary B. F. Boynton of the- com
mission.
ARE TO RESUME DANCES
With the holiday season of 1914-13
pone to the hereafter, the Commercial
club will resume Its Wednesday nigh
dinner dances. , The first one of the
new year will be given January 20,
and a good dlniter and good music, are
promised. - "vi - t,
One Burglar Caught, !
Pal Is Wounded
Sheriff Poster Disarms One Kan Hear
-Chehalis and Another One Carries
Away a &oad of Buckshot.
Chehalls, Wash.. Jan. 16. While
capturing two Centralia burglars here?
today. Sheriff -Foster disarmed- one
man and' wounded his pal with a load
of buckshot, at a hobo resort, a mile
South of Chebalis, The wounded man
escaped. Two rifles and other plui
der were recovered by the sheriff.
EM
e UTM3S
All Weaves and Shades
- !' Sunday ' "'
Special Dinner SOc .
Perkins Hotel
Restaurant
Sunday, 11 till 8:30
'Best of. food and service'
Heoent Change la Operation, of Street
Car System Said to Prove Unsatis
factory.
The Effst Side Business Men's club
oinciais nave asaea ine roruana itau-1 r I l itr ' .1 ttt nr .1 "t
way. Light & power company to re-es- buitable for Cold Weather, Warm Weather and
taoiisn tne jKusseit-snaver line witn
more frequent service, with less fre
quent service on the new bridge route
from the Broadway bridge to Lincoln
street and Grand avenue. Commis
sioner' Daly,, to whose uttantion the
matter waa balled by the club, in a
letter to tne club stated that he was
convinced that in the Interests of ser
vice the Russell-Shaver route should
be restored.
The club contends that the new sys
tern of bridge transfers makes the east
side service less adequate, and -direct
than before It was changed and cause
loss of time by necessitating passen
gers to transfer twice where once
should be sufficient. It points out that
the Russell-Shaver line traverses the
populous district of the downtown east
side while the new bridge line brings
the passengers tnrough the less thick
ly settled district near the river.
. The annual banquet will be held in
connection with the annual election of
Plenty of Them and All Weights
AU-Year Wear
Just to Keep My Tailors Busy
Blue
Serges
i 4
To
Order
Made in my own workshop, right above my
of jlnT "" onthe premises, by skilled union taUors.
Every Suit direct rom expert tailors to you,
The Albina Business Men's club, the
Overlook club, the North Irvinarton
club and the Kllltnasworth RnalnoM
Men's association have agreed to act avoiding all middlemen's Droflts.
together in petitioning the, street I w .
car company io restore ine cars to me I i . - n . .
old route. - - i it you can tomorrow, you ii get tne Dest ot
BRITISH FISCAL AGENTS
the best.
isew xoric. Jan.; is. it ' was , an
nounced here today that J. P. Morgan
& Co., have ' been appointed fiscal
agents In - the United . States for the
British, government. - No announcement I
of what is involved in the appointment
was made, but it is understood that
fhe Morgan firm will disburse all of I
the moneys -expended by England ' for
I foodstuffs and. munition-vet '-war - in
the United States. ,
RayB
arkburot
Portland's Leading -Tailor J
53XTH AND STARK STREETS
Asiiyooe
iin
jieai JiLsmie
Here Is Our Answer:
These Men
Want to
Buy!
A few typical illustra
tions of the chances, we
have to put you in touch
with men with money to
invest.
Thesenen want all
kinds of properties city
homes, suburban property,
w h e a t ranches, dairy
ranches, etc.
Absolutely no charge
for our advice or informa
tion. Our compensation
is the commission, as
specified by Portland
Realty Board, of which
we are members, in event
of making a sale of your
property.
A prominent business
man, owning a some wortn.
about gaooo or $10,000. He
desires a larger borne in a
first class neighborhood on "
the west side. Will go as
J high as $39,000, with pres
ent home as part payment.
Another man has three
growing hoys and wants to
move to the suburbs. Will
huild home on 8 - or 10
' acres. He will exchange
beautiful Irving-ton home if
' he can find suitable tract.
Still another, man wants
wheat ranch in Oregon or
Washington, Will pay cash."
The basis of all transactions U confidence!
That confidence is being restored and activity
started in earnest is no longer a prediction.
Big men were the first to realize that now
is really THE TIME TO BUY! Hundreds of
such men are personally acquainted with us.
Many of them with funds to invest have como
to us on the basis of strictest confidence. They
know their CONFIDENCE WILL BE RE
SPECTED. There will be no urging. We will .
simply lay facts before them. NO PUBLICITY
OF ANY KIND will be given out without their
sanction. t '
A $450,000 Deal Last Week
Two wealthy property-owners were brought -
together by us last week. One wanted to in
vest -the other to dispose of subsidiary inter
ests and concentrate on other properties .
Last week we sold one of the most magnifi
cent Residences in Portland, and for spot cash.
1 We Have Dozens of Buyers
We can put you in touch with these men.'
There will be no advertised listings of properties-
your name will not be used until you au- ,
thorize it.
It is this confidential service of our Real Es
tate Exchange Department that we want you
to know about.
At the left we mention a few of the invest
ments that clients have come to us about. These
men would never tell us they wanted to buy, if
they had not known that ho salesmen , would
bother them their names would not be used.
3 you have anything to sell, call me
personally by telephone and let us
have particulars about your property.
.Or if you want to invest now--THE
TIME OF ALL JIMES TO INVEST
I will try and find just what you want.
Remember, everything is handled in
the strictest confidence.
President
.Tfie Fred A. Jacobs Co.
Main 6869
Largest Realty Operators on the Pacific Coast , ' ;
.-: ' 269 Washington Street, Corner of Fourth
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