SALES AN D HAPPEN I NGS
IN THE REALTY WORLD
iratloael Secretary Coming to Fort
lend Frank JicCrlMs, who acted a
temporary secretary of th Portland
Realty board at Ita meeting on Friday,
pending the abeenoe of the regular
secretary. Paul cowglll, displayed a
bundle of almoat 100 letters wnicn naa
been received from realty dealers all
over the state, telling of their interest
In the proposed convention and their
acceptance of the invitation to be
present. President Taylor announced
that alt plana for the convention were
well under way and that the interest
In, the attendance was even V
than had been anticipated. P. "N
Clark, a vice president of the National
Association of Real Estate exchanges,
announced that he had that morning
received a letter from Tom Ingersoll
of. . Minneapolis, secretary of the Na
tional association, saying that he
would be present. This fact gives the
meeting national recognition.
; ' Oregon Title Men's Convention-The
annual convention of the Oregon Title
Men's association will be held on Wed
nesday and Thursday of Rose Festival
Week, June 7 and 8, In the convention
rooms of the Oregon building. It will
not be a very large affair from point
of numbers, but it represents one of
the most important gatherings of spe
cialised callings that present day busi
ness affords. It la expected there will
be 40 or so delegates present, rep
resenting the abstract companies of the
state. A, A, Lee of Salem is presi
dent, and' M. H. Stevenson, of Hills
hbr, is secretary of the association.
The members of the association are
seeking to develop a uniform system
of conveyances and in securing im
proved" methods in handling questions
c-t title. They are also interested in
promoting laws for the simplification
of titles Jo real estate. The program
of speakers and topics of discussion
have not been outlined. One of the
.features of the convention will be a
dinner on Wednesday evening.
Bealty Board Hears JTaval Base
Speaker. F. C. liariey, of Astoria,
who haa Just returned from Washing
ton, Where he labored with the con
gressional delegation, the department
officials and the secretary of the navy
to secure for Astoria a first class
naval base, told the members of the
realty board, at their regular weekly
luncheon of the progress he had made
He had received, he said, the word of
the seoretary of the navy that tha
latter had recommended to congress
the establishment, at the mouth of the
Columbia river, of a submarine station,
flotilla headquarters and aerial sta
tion. What was needed now, he said,
was the undivided energies of the
Oregon delegation to make a law of
. the secretary's recommendations. He
appealed to the members to write their
Oregon representatives that the people
of Oregon were very much in earnest
-about Astoria demands and to urge
them to leav no stone unturned to
accomplish the desired object. The
recommendations of the secretary of
the navy, said the speaker, did not
mean that this would be all that As
toria would get for all time. It was
Imply a good beginning, and would
mean it would be much easier to get
more after this much was an accom
plished fact. Air. Harley created en
thusiasm for his cause by his ready
wit and his vivid pictures of the ways
of doing business at the national
capital.
V Associate Members of Bealty Board.
At the Friday meeting of the Port
land Reafty board the following Well
ington real estate men Were proposed
for associate members or tne roruina
board: t. J. Ktaley. Pullman; Andrew I
St- Valaer, Walla Walla; W. u. Burn-
lids, Buckley. It was decided at this
meeting to have an excursion to the
peony gardens of Howard Everts
Weed, near Beaverton, on Saturday
Iternoon, June 3. It was also planned
to take part in the uaitee mosqueraue
Procession to be given on tne conciua-
ing night of the Rose festival cele
bration. JAa Ltw Amendment Proposed.
Borne amendments to the present
building lien law are proposed by the
Building Material Men's Credit asso
ciation. A corrfmlttea constating of
A. H. Allen, credit man of the Balfour
Guthrie company; H. W. Hall, credit
man far the Eastern & Western Lum
ber company, representatives of the
Ionian Poulsen, North Pacific and
Portland Lumber companies, and G. W.
Herron, credit manager of the Build
lng Material Men's Credit association,
are working on tha proposed amend
ment. The principal change will be
to clear up the confusion that has
arisen over the form of the statement
which is furnished a property owner
when lumber is supplied to a Job on
his property. The law provides that
a "statement ' of the material fur
nished must' be supplied the property
owner within 10 days from the time
the delivery of material has been
made. On the advice of their attor
neys, the material men have furnished
a copy of the invoice rendered1 to the
contractor. This plan has been un
satisfactory to the latter, it Is
claimed, because it unnecessarily dis
closed the business relations of con
tractor and dealer and made a pub'ic
affair of what was strictly private
business. It has been discovered that
the word "statement" was only In
tended to cover a report of the quan
tity and kind of material furnished!
and that it is unnecessary to discuss
ail other- particulars concerning the
transaction. The law is to be changed
to clear up this point say the material
men.
: Portland Fostoffice Appropriation
Beported. It is now announced that
contracts for the erection of "the. Fort
land postofflce can be let by July 1.
Congress has made Immediately avail
able an appropriation of $425,000, Out
of the total appropriation of $1,000,000.
Tha sum named is expected to carry
the work for one year. Appropriations
for other poatoffice buildings in this
sections were passed at the same time.
las-: follows: ltoseourg, siOuiod; St.
jJohna, ! $5000 for site; Vancouver.
Wash., 155,000; Wenatchee, $44,000,
Aberdeen, $45,000; Ellensburg, $30,000;
iTwIa Falls, Idaho, $35,000.
Portland Baal Batata Market. The
Excitement and preliminaries to the
primary election, held on Friday, haa
been an excuse if not an actual deter
rent to the prosecution df much real
estate business during the past week,
taking all things into consideration
the market is lh a healthy condition.
A great many deals are pending but
the bringing of negotiations to a close
aeema to be rather a alow process, it
a- natural that in these times there
should be a fairly wide gap between
Garden Vases
Benches Etc.
ERNEST
THOMAS
EAST 27th AND PACIFIC STS. 1
r Phone East 198 , i ..
i
.
buyer and seller, which takes consider
able time to bridge over.
An evidence of the healthy condition
Of the market la . the great Interest
shown In the purchase of homes. Ac
cording to Henry W. Ooddard there are
a great many inquiriesrand a better
demand for homes of the more expen
sive types. Tola haa been demonatrat
ed by the closing in the past few days
of contracts for a number of expensive
residences. It also confirms the theory
that if you can get the "bis? fellows"
going the buyer of the smaller type of
home will readily follow. He is di
rectly influenced by what Is being
done by the one of more liberal means.
Zrvtngtoa's Problem Being Solved.
The campaign of education" to arouse
the residents of Irvington to the Im
portance of protecting themselves
agarnst -the Invasion of their district
by business houses is rapidly taking
form. The petitions are being drawn
and a force of residents who will se
cure the signatures of property owners
agreeing to a plan for renewing the
restriction clauses in the deeds is be
ing organized. The process will be
similar to the methods being pursued
in the agreement between the property
owners, the city and the Title & Trust
company In the replatting of the dis
trict between Knott and' Siskiyou,
Twenty-ninth and Thirty-third streets,
to the northeast of Irvington, b which
crooked streets will be made atralgnt
and made to conform to tha existing
streets of Irvington, without Jogs. In
the present situation the process Ml
be much eimpler, according to J. V.
Daly. All the property oWner will
have to do will be to deposit their
deeds with the trust company they may
seiett, and the latater will issue t'.w
titles with the necessary restriction
included.
Hew West Bide Apartment Structure.
Announcement of the erection of a
four story brick apartment building.on
the south side of Olisan street, be
tween Twenty-third and Twenty-fourth
streets, to cost $60,000, is announced by
H. O. Tripjett and Dr. A. A. Ausplund.
The lot la 100x110 feet, and the building-will
occupy dimensions of 60x96
feet. A tennis court and garage for
use of the tenants will also be erected
on the lot. There will be 31 three room
"apartments and five two room suites.
which will be rented furnished. All
rooms will have hardwood floors, the
corridors will be six feet In width, 'with
cork flooring. The main entrance will
be of marble and tile. The exterior
trimmings will be Imitation white sand
stone, the principal material being red
tapestry brick. The site has already
been cleared, and work will begin as
soon as bids can be received.
Two Irfurge Wheat Beaches Traded.
What ia known b& "he old Barnet
ranch, eight miles southeast of Connell,
Wash., valued at $100,000, haa been
traded for two southern Oregon
ranches. The Barnet ranch was owned
by J. B. and IL E. Gordon, fattier and
son, of Newberg;, Or. It has 2000 acres
in wheat and is destined to yield a
large crop this1 year. It also has a
good house, 50 head of mules, combined
harvester, stock and full equipment. It
has been traded to Charles MFarland
and Ernest Hyland, both Eugene men.
They gave In exchange a 520-acre ranch
half a mile from Oak Ridge, Lane
STARK STREET EXTENSION
PORTLAND'S
PRINCIPAL EAST & WEST
BUSINESS STREETS
AND
THEIR LIMITATIONS
wukLJ M I
L
Diagram offered to show how Bura.id street acts as a barrier to the
extension of the west side mala streets along natural lines.
The Stark Street Improvement as
sociation has had prepared the above
diagram to suggest the following con
tentions: That the carrying capacity of Port
land's principal east and west busi
ness, streets is deplorably limited.
That eight of these streets have no
direct outlet beyond Burnside street,
two more are stopped by Multnomah
field and the remainder by natural
conditions.
That th extension of Sark street
into the large northwest area, which
haa never had direct connection with
the biislnes center, is an absolute ne
cessity, if greater Portland is to stay
on the west side of the river.
That this large area has been Iso
lated because the streets of original
Portland were not carried Into and
across Couch addition; which was laid
out at an angle to Portland proper,
and with important streets reduced 30
feet la width. ;
' That big business can expand only
north or northeast, and is now. going
' "" "' " 1 " "' ' ." "" ? 1 T -F ' ' T- : ' r " . .A
RESIDENCE OF REED COLLEGE PRESIDENT
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New home erected on the campna for Dr. William T. Foster that fronts on Woodstock ' arenne and com
mands sweeping view of all. the country round about.
There is a suggestion, in the vestl-1
buled entrance to the home of Wil-1
Ham Trufant Foster, president of
Reed college, that when "Prexy" Fos
ter enters the little passageway of
his home he is taken under the wings
of a great big watchful bird which
nestles on' the high knoll at the south
west corner of the campus. It looks
as if he might be able to get away
completely from the stir and con
stant personal demand that draws
upon one who directs the living or
ganism of a modern college such as
Reed institution aims to be.
But it is not his personal intention
to do eo, for there is 'a beautiful tiled
county, on the line of the Natron cut
off. It is highly improved and was put
in at $40,000. Also the Dixie randh,
six miles east of Grants Pass, on the
Rogue river. It is highly Improved
and was valued In the deal at $50,000.
This transaction was negotiated by the
Lueddemanji company, assisted by L.
K. Moore and O. J. Irving, also of this
same company, who acted for the Eu
gene Interests. The parties In the
transfer will both take possession of
their respective properties and operate
them.
The second wheat ranch traded was
the Jay Bowerman ranctti, in Gilliam
county, near Condon. It has 1920
acres, 1000 being in wheat. There is
also a full complement of stock and
equipment. It was traded to C. E.
Kendt of Beaverton for $63,500. He
gave in part payment 150 acres of
highly Improved land, valued at $35,
000, giving mortgage back for the dlf-
ference on the wheat ranch. This
transaction was negotiated by L. K.
Moore of the Lueddemann company.
Two other small deals were negoti
ated by this same company. J. 8.
Boylea sold a highly improved 20-acre
Bridge
north to the Broadway bridge because
the large northwest area shuts it out
and does not want it
That indifference of the whole west
side community and continued refusal
Of the northwest area to provide for
this business must ultimately drive it
across the Broadway bridge, where
there Is already a business nucleus,
and where Improvements about to be
made In Broadway, may encourage it
That property owners throughout
this northwest section, who are ex
pecting Increased valuea, but are op
posed to improvements and expendi
ture which alone can make these
values, must seriously compare their
situation with the growth and effort
being made elsewhere, and carefully
weigh what may happen to their prop
erty, and to the whole west side com
munity, if active, positive support la
not given this extension, at his . time,
and busines allowed to go perma
nently elsewhere. ' u
.That the time for action Is now; to
morow, may be too late. t ' -.,
fireplace in a large alcove off the
lng room which has been arranged
especially tor personal meetings witn
atudents. It Is here that it will be
possible for him to meet the young
men and women under his charge, on
equal footing and in the heart to heart
way. Such meetings are sometimea
the life experiences to the individuals
privileged to enjoy them.
Sr. Foster's house has been finished
but a short time and the grounds
have.lust been put in shape. It really
is one of the most effective and prac
tical residences In the city. It fronts
on Woodstock avenue. Its high posi
tion gives it a commanding view of
the campus, the river, a sweeping
tract near Beaverton to Fred Gerin of
Newberg at a valuation of $9000.' Mr.
Gerin gave in part payment two real
dence properties in the Hawthorne dis
trict of Portland, and the balance In
caaQi. Hillman Lueddemann bandied
this deal.
William Hessian has sold his house
and lot in University Park to Miss C.
M. Agnew at a consideration of $2600.
A lot In the Mount Tabor district was
traded in on a basis of $1300. 6. W.
Ormsby of the Luddemann company
ihandled this transaction.
Two ' Bungalows for East Fiftieth
Street. W. M. Chandler will erect
a bungalow residence at East Fiftieth
and Klickitat streets, to cost $3000.
C. V. Inman la erecting a story and
half residence nearby.
Astoria Offered Bite for Library
Building. Astoria is making: plans for
a library building. It has been offered
a site at Sixteenth and Franklin
streets, by Mrs. F. R. Strong and Mrs.
George Taylor, two daughters of Col.
James F. Taylor, one of the pioneers
of Astoria. The offer of the site is
made to Clatsop county on condition
that it erects a building and maintains
a library. There Is some suggestion
of asking the Andrew Carnegie fund
to finance the building, lut thus far
this has not ben done. Col. Taylor
was one of the pioneer residents of
the community and it is in memory of
their father that the two daughters
are making the offer. Astoria now
maintains a public library, but It is
housed In the city ball.
Kign School for Vader. Plans for
a school structure at Vader are being
drawn by C. E. Troutman, of Aber
deen, Wash. An appropriation of $16,
000 is available for the purpose. The
structure will be of two stories, of
frame and Btucco exterior and con
crete basement. The dimensions will
be 135 by 60 feet. It will contain 10
rooms' aud have accommodations for
the first two years of high school
work. Domestic Bcience and manual
training departments will be provided
in the basement. '
Residence Building Active At Gear
hart. Although there is no hotel
structure for the summer, this fact
has not affected the number of people
who are preparing to establish their
summer residence at Gearhart. The
building of summer cottages is brisker
than ever before at this season of the
year. The demand for rooms and accommodations-has
also been unusually
active.
Hollanders to Settle at West Stayton.
Further progress was made this week
in establishing and extending the Hol
land colony at West Stayton, when,
after careful Inspection, the leader of
several Hollanders, located in Canada,
decided to purchase a tract of land and
took long options on other tracts ad
Joining his purchase, for his friends.
Most of all the business in farm lan Js
lately has been In the way of trading,
and cash sales have been quite scarce;
but this sale of 37 acres, Including
the model dairy barn erected by the
Willamette Valley Irrigated Land com
pany, was on a cash basis, and the price
was $7275.
Step by step the community at West
Stayton is being changed into a Holland
settlement, and the company is very
particular in selecting the right class
of men. The principal business of the
settlers will be dairying and chickens,
the dairy business being what the Hol
land farmer is particularly experienced
in.
Court. Baling on, Building Xlne Re
strictions. The Illinois supreme court
i has ruled that a person living on one
street in a subdivision cannot sue for
the enforcement of a building line re
striction on another street.
REALTY TRANSFERS
The Oregon Not a- Fruit Co., Inc.. to
1. K. Kelly, lot 4, GreenTtow Para.. 10
O. W. Priest aud wits to A. S. EUls.
lots 1 and 2, block 4, Kenwortbr's ad. 10
Julius L. Dubois and wife to Sarah M.
Bockenfleld, lots 86 and 87. block 8,
Capital Ad a... 480
Richard C. Williams and wife to ESlth
w. stubbs. una. oae-eigntb. interest E.
lots 7 and S, block 208, Portland
Richard C. Wllllame and wife to Edith
1.000
W. Stubbs, no. one-eighth Interest
X. H lots 7 and 8, block 290, Portland 1.000
Mt. uood KJ. uerei. uo. to Tcomaa up
wards, lot 13, block 8, Orchard Homes
Iaura E. Spank et al. to Frank Rao-,
SOO
dolph. E. lot 16, E. 8. 15 ft
lot 15, block 2. Hawthorne Terrace. . 10
Snsanoe V. Leonard and husband to Ore
- son Bond kits. Co.. lot 8. block 22,
Rossmere 10
W. 8. Slnea to F..H. Feikert, lota 10
and 11. block 3, Fir Grove 10
W. H. McUaiUel to Louise Geisler. lot 8,
block 3. Caesar, park 423
Caaimer J. Yezerskl to Ialdor T. Teser-
ski, lend beg. S. B. cor. lot S, block
181, Centners Ad 1.800
Flunk Randolph and wife to H. N.
Swank, land set. on W. line See. 4.
T. U, LI .. 1944.02 ft. K. of
8. W. cot. sd. Bee. 4.
10
10
10
Kenwood Lend Co tav Bsteile S. Snow,
lot 2, block 43. Kenton
Joseph Pusaaowekl to Helen Ingerslcy.
lot 8. block 8. Clifford Ad...,
Will Thora and wife te James T. Hill
. et aU lot 8. block 10. Williams ato.
ad.
Josle Brlnckerhoff te Mary T. O'Brien,
i to
range to the east, south and west, the
athletlo field of the college and the
proposed city golf grounds.
It ia of the English type of resi
dence and covers a space 67 by 44
feet,- The living room is H by 28
feet, the library 12 by 14 feet and the
dining room 16 by 18 feet, all on the
ground floor. Connected up are the
kitchen and also the garage. Thera
Is also a large solarium on the south
east side of the house.
The second floor contains alx bed
rooms, two sleeping porches, three
bathtubs and one shower bath. Three
of the sleeping chambers are provided
with their own fireplaces.
A. E. Doyle waa the architect. -
interest lota . 7, 8, 0, block 1. lota
I" 2, block 8. lots 6, 10. 11, 12. block
8, lots 1, 2, block 4. Koott St. Ad... 1
John Loser and wife to County of Mult
nomah, eaacment fur a slope to F"lr-vtew-GrealMUB
road property adjoin
ing to (aid road, and See. 27, T. 1
N.. R. 3 B 850
Maud Griffith and hatband to Bererly
B. Crawford, lot 3, block 6, Westmore
land 1
Cbauncey E. Par cell and wir to James
B. Pureell. und. interest lot 14,
block 16, Kenilworth fc)
Raymond Satthwell and wife to Mirs.
Nellie McEwing. kH 82. block 6, Stan
ley No. 2 123
W. A. Burr and wife to George W. Bur
nett, lot 19, 20, block 7, Hutchinson's
Ad 2,000
D. M. Dunne to Krd B. Gleseker et al.,
lota 7, 8, block 22, Alameda Park,
sheriff's sale on foreclosure
Sheriff to Max Loewenson et al, lota 7,
S, block 22, Alameda Park 6,630
Josle r'errey to Maude B. Taylor, 8.
100 ft. lot 8, block 1, LoTelelgh 1
Fred W. WasUburne and wife to B. V.
Lee, lota 0 and. 6, block 3, Concord
Heights io
W. N. Carter et al to William Nlcolai,
block 6, Going- St. Ad l
Portland Trust & Seringa Bank to Min
nie Schweitzer, lota a, 4, S, block 2,
Bridgeton SOO
C. E. Brlga-s and wife to Gertrude
Nagele, lots 7, 8, block 6, Garden Pk 10
A. 8. Ellis and wife to G. W. Priest,
lot , block 11, lot S, block 13, lot
lot 6. Mock 10, Grlswold Tract; also
S. 100 ft. W. 121 ft. lot 12. Middle-
. ex . 10
James Tae-gart and wife to Helen T.
Clark, lot 5. block 9. Gleneyrle 10
Em II Nelson and wife to Burt Is J.
Finch et al., lot 4, block 95, Rose
City Park 10
Herman Vetter and wife to Lillian A.
Berkln, west 21.88 ft. lot 6, K. 1S.1T
ft. lot 1, block 6, Mallory Ad 1,950
GROWTH OF
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Superlntepdent of Ranks shows seven years of fluctuations of bank
deposits and growth of financial institutions of Oregon.
Growth of bank deposits over a
given period Is one of the best evi
dences of the financial strength of a
community and its business develop
ment
S. G. Sargent. -state superintendent
of banks, has drawn the above chart
to demonstrate this truth.
The development of the state along
this particular line is shown from
May 14, 1908, to March 7, 1916 in
clusive. The top line shows the growth
of the deposits of all of the banks of
the state, national state and private
banks. The dotted line demonstrates
the growth of the national bank sys
tem Of the state solely. The lower
line traces the development of the de
posits of the state banks only.
May. 14. 1808, there were 191 state
and national banks with total deposits
in round numbers of 85 million dol
lars. On March 7 there were 261
banks In all with deposits of 127 mil
lion dollars. This registers a growth
of 3 per. cent in, number of banks
and 80 per cent in volume of deposits.
: There wers 69 national banks on
- REALTORS ACTIVITIES
IN OTHER LARGE-CITIES-.
Bkyaorapers Don't Pay-Erectlng
akyacrayera In New York is a coatllaf
diversion than building castles in
Spain.; The assessors find that every
time an extra tall building goes up
real estate values in the neighborhood
decline, saya the Philadelphia Ledger.
So it happened that while tena of mil
lions of dollar went into buildings in
Manhattan last year the result of it
all was that the total value of the
borough was 132,000,000 leas than it
waa in 11. Ultra high buildings do
two Important things: They pay a very
poor return upon the money lnveated
In themselves and they tend to de
teriorate the value of all surrounding
real estate. Three hundred ten-story
buildings would be vastly preferable
to one hundred buildings of thirty
stories each. Robbing neighbors of
air and light and congesting a par
ticular apot with too many tenanta
to be handled quickly by cars are Bad
features of the forty-etory structure.
Now ithat for three years total prop
erty values in Manhattan have fallen
nearly $40,000,000 in face of the many
scores of millions spent for steel, gran
ite, brick and concrete, it would profit
Gotham to stop bragging about, its
skyline long enough to adopt sensible
building regulations.
Baa; Tranoiaco to Spend $40,000 on
Surrey. The San Francisco Chamber
of Commerce will spend $40,000 in
making an Industrial survey of the
city and bay section. It has hired Dr.
g. M. Rastall, who made a similar aur
vey for the Central Mercantile aaso
ciatioa of New York city, to do the
work. The chamber is lso preparing
a map of San Francisco on a scale of
one hundred feet to the Inch. There
are twenty-seven sections six feet
sqare cove fin g the industrial district
of San Francisco alone. On the map
is shown every building. Its character
of construction, number of stories, and
by a simple legend a layman can tell
at a glance whether the building la-oc
cupied as a factory, warehouse, office,
store, dwelling, garage, etc. When
finished this will bo the largest map
of San Francisco in existence, and the
only map of any city In the United
States, say its makers, containing such
complete data.
Another map of the city is being
prepared showing the time consumed
in transit from a two-block sone with
Third, Kearny, Market and Geary
GIGANTIC CORPORATION
IS BUSINESS ROMANCE
By Truman Cros.
(In the Boston Transcript)
TJp to now. to set down In compre
hensible symbols of -black and white
the progress of the American Inter
national Corporation has " been like
trying-to mobilize the milky way.
Nebulous seemed Its humorous pur
poses, "with the wide, wide world as
its field." Its charter allowed It to
do am" international business, under
take and finance engineering jobs
anywhere on earth, rehabilitate for
eign mills, buy and sell all sorts of
securities or commodities, contract
with home or foreign governmenta for
concessions, explore, manage and
own imlnes, carry on farming or stock
raising, make anything from aero
planes to submarines, build and oper
ate restaurants or railways, hotels or
dry docks, theatres or irrigation sys
temsi set up light power, telephone
and telegraph systems.
It could start a five cent movie
STATE BANKS
r.aTsVl
May 14. 1988, with total deposits of
89 niilllon dollars. They have grown
to 84 banks, an increase of 43 per cent
and (to 78 million dollars of deposits,
an increase of exactly 100 per cent
The state banks on May 14, 1908,
numbered 132, with capitalisation of
47 million dollars. They -have in
creased to 177 in number and 49 mil
lions of deposits. This shows a
growth in number of banks of 34 per
cent and sa growth in deposits of only
4 per cen.
The peak of the deposits of the com
bined banks of the state was 183 mil
lion : dollars, and was shown in the
winner of 1913. The national banks
showed their greatest strength of 78
million dollars on the last day of last
year; -The state banks alone showed
their greatest strength of CO million
dollars in deposits in December of
1913J although they had reached to that
point one year prior to that time. .
. The national banks have shown a
steady growth throughout the period
shown in the chart. The state banas
have lost much ground In the past two
yeans, , . -
jfM l J -
-i i i i i i i i
streets as a center. Time sones are
shown giving five, ten fifteen, twen
ty, twenty-five, thirty, thirty-five and
forty minute intervale from the center
of the city to the outlying residence
tracts.
Ociumbas.'Ohio, Solving an Irvington
Froblem According to the Columbus
Ohio Bute journal, there is a diatrict
in that city .facing the same problem
now agitating Irvington. In dUouailng
the matter that newspaper says.
"Home streets ahould be aacred . to
homea and they ahould be protested
from the invasion of all kinds of busi
ness. The home is the climax of ur
ban activity and it should never be
sacrificed to commerce or Industry of
any character. A city wounds itself
when it harms a home. And so thero
should be regulations and ordinances
to protect the homes against business
Business can take care of Itself; the
home can't. A happy home, the most
useful and honorable thing In a com
munity, loses ita high character, if a
sho.yof some kind la atuck up alongside
of it Yes, it ia necessary for a man to
make a living, but It is not right to
make other people unhappy in doing
it We simply suggest that there is
ample room here for a salutary regula
tion."
Oakland Wants Uniform Property
Valuatione. An Oakland real estate
concern lost $60,000 on a loan made o '
properly wuicn lb auyjunu wn v
easily obtainable valuation. This ex
ample has caused the Oakland Real
Estate exchange to Inaugurate a plan
for uniform and standard property
valuations. Seven firms were asksd
for opinions as to the value of the
property In question and not one gave
figures even approvlmately similar, ao
it la reported.
San Francisco stealters for Economy
Prober The Real Estate board of San
Francisco has appropriated $12,000 for
an investigation Into the expenditures
of the city end county. It will en
deavor to discover where the leaks are
and where savings may be made.
Taooma to Kedaoe Xealty Tallies.
A committee of the Tacoma Real
Estate board and the county assessor
are working together on a scaling down
of the realty valuea of the city. It
ia reported that the work will be in
earneat and a substantial reduction
will be mad.
house or dam the Nile. Frank Van
derlip, one of the originators, was
asked "if, some form of human en
deavor had not been overlooked." He
answered, "None that we could think
of." It appeared to have been clr
cum scribed in only two directiona it
could not promote or build telephone
systems in the sacrosanct territory of
New Tork city, and It appeared to be
excluded from ''the business or powers
of a transportation corporation."
"However, what more easy than a
subsidiary company to handle any
thing that had been carelessly let go?
Starting waa a capital of only $50,
000,000, it was capable of carrying on
a business of half a billion a year.
Comparisons with the historlo British
Bast India company were Inadequate.
Its limit embraced this planet sur-1
face, depths and the sky above.
In Kurope the significance, the pos
sibilities, the concrete practicality of
this prodigious concern were more
immediately grasped than here at
home. It caused apprehensive allu
sions in parliament and in the relch
stag. In the board of directors of this
corporation are represented beef, oil,
copper, nickel, steel, electricity, tele
graph, telephone, railways, finance,
machinery, munitions, shipping, edu
cation (for the latter must furnish
more men fitted for foreign trade)
The names typify the subsidiary busi
nesses: Armour, Rockefeller, Ryan,
Monell, Corey, Coffin, Vail, Wlggln,
Vanderlip, Kahn, Stillman, Babln, Hill,
Stone, Webster, Lovett, Saunders,
Grace and Prltchett of Carnegie
Foundation' for Teaching. In "he em
ploy of the corporation are engineers,
specialists in mining, bridge and rail
way construction, etc., experts in ap
praisal, credits, and it has for sanita
tion projects Dr. R. P. Strong, who
eradicated typhus from Serbia The
backers, in short, are composed of
Mldvale, Standard Oil, Anaconda Cop
per, W. R. 'Grace ship lines, Ingcrsoll
Rand tools, International Nickel, Ar
mour Beef, American Telephone and
Telegraph, Great Northern and Union
Pacific railways. It will be noticed
that the "Morgan interests" United
States Steel, banks and sniping are
outside. They are occupied with war
loans and munition buying, and United
States Steel has Its own ships and
agencies.
Their magnificent adventur begins
to take on definlteness. It has, in co
operation with the Ulen Construction
company of Chicago, entered into con
tract with the government of Uruguay
for the construction of sewerage and
waterworks in the cities of Paysanda.
Mercedes and Salio for a price of
15,000,000, payable in 6 per cent serial
bonds of the republio of Uruguay,
the National City bank to be the fiscal
agent It has similar applications
from other South American cities still
under advisement. It has rejected a
proposal to take overs control of a
: large French metallurgical concern.
It has still under advisement the ac
quisition of the systema of railways
in Brazil, Uruguay and Argentina
j brought together by Perclval Farqu-
nar. it naa acquired in open market
some 40 per cent of the common and
of the preferred stock of International
Mercantile Marine, with tha purpose
of having an Interest in the control of
its, 125 steamships. It has been in
negotiation with the American Woolen
and other companies regarding meth
ods of building up their foreign trade,
for it purposes to do merchandising,
possibly through agencies in different
countries. ,
, It has established a nucleus of a
GEO. E. MANGAS
CONTRACTOR
RESIDENCE SPECIALIST
406 Macleay Bldg., Main 6533 1
Responsibility, Economy, Spd mrm what you want if you build..".
My abumlance of experience ts worth money to you A you' use
it. It will insure economy as well as speed. Improper work.
menahip ia your building ia a constant drain on your purse to ,
the future, In moat eases it can't be remedied at reesonable V
coat., Your work will receive constant personal attention ia ,
my hands. References.
"'-
selling organisation' for -machiner
to be installed by the purchase of tl
Allied Machinery company. - i It tin
elected as vice president George J.
Baldwin, who Inquired Into the Paclfso
Mail "mystery" and favorably; re
ported upon' development. -of west
coast and trans-Pacific shipping to i
committee on navigation, includtn
James J. Till 1. whose railway own
the biggest American ahipa on th-
Pacific; Robert Dollar, J. F 3rac
and John . Ryan (Anaconda Copper).
It agreed to buy for $1,260,009 the r
maining seven ships of the Pacif.
Mail, in order to maintain the "ship
ping aervice with Central America, so
that trade relations could be main
tained. These ships to be operated, by
W, R. Grace Co., who purchased Out
right (in behalf of the community f
interest) $110,000 Pacific Mali' shares
owned by the Southern Paciflo Rail- j
way for about $1,250,000, in order to
obtain the wharves, real estate, tugs, :
lighters, etc., to serve the shipping.
Boon afterwards the Pacific. Mall
changed Its mind about going out of
business. A stockholders' meeting
halted the transfer of the seven ships,
in effect cancelling the sale to the. A
I. C. The A. I. C. could do nothing
but yield, saying It only wished to
keep the Pacific service to Central
America Intact, and the Grace people
will operate the ships anyway, and in
the interest of A. 1. C. own a half-Interest
through the terminals. ,
Among close aTlles of the A. 1,' C.
there have been these activities; (1
The new corporation of Gaston, Wil
liams & Wlgmore, that went after
export business a year ago With a
nominal capital of $1000. is now newlv .
incorporated with
a large capital, ,
financed by Guaranty Trust 'With
President Charles 11. Babln as chair
man of the board. Recently it has
taken orders for over $1,600,000 Of
goods or export, including tobacco,
articles of manufactured steel, auto-,
mobiles, etc., and .among the orders
were $1,600,000 brass cartridges for
Portugal. For tobacco alone the firm
has purchased five ships. (2) -The
National City bank, with Us growing
system of branches In South American
countries, lately bought the Interna i
tlonal Banking Corporation, with 23 '
branches in Europe and Asia. (3) .
National City company, a subsidiary .
of the City bank for Investment Pur-
poses, assisted In buying stock in
International Marine. (4) W. ' It
Grace & Co., long established as a
trading and shipping corporation doing i
business with South America, has un- :
dertaken the operation of the Pacific i
Mail ships, purchase of which was
arranged till Pacific Mail decided"!
after all It wouldn't go out of bual- 1
ness. (6) Guaranty Trust officers
are negotiating the new Russian loan,
and men from that company and from
National City bank are in Russia and
Scandinavia looking over that and
other prospects. ,
Additional plans for the rounding up
and the administering of foreign mar
kets in behalf of American manufac '
turers depend on a modification of the
Sherman anti-trust law. The cost of.
developing foreign markets to '.sllt i
except the greater manufacturing,
combinations involves too much extra
capital. Whether or not the Sherman
law would interfere with the forma
tlon of associations of manufactures ,
for Joint expeditions In purault of
those markets, the federal trade com. i
mission has drawn a bill which would
remove any doubt about the legality",
of enterprise so directej. In the
financial district it is prophesied Its '
effect would he not only to simplify
the omnium gatherum trade campaign
of the A. I. C. but would Insure that;
groups of producer could not be "shut
out" of foreign markets and "shut In",
to home markets merely because they
may not be by preference entitled to
use the instrumentalities Of the 'A,
I. C. These are declared not to be
designed for any special groups, but
for the general facilitation of aU '
American commerce, through selling,
shipping, the use of American pro
ducts in construction, and the collec
tion of payments. The purpose is cot
monopolistic, but co-operative.
BUILDING PERMITS
Dr. C. B. Mnsles Krert 1 Mory frame
rr-, 20 K. 24th t. V. between V, Burnaido
and E. Couch .; builder, same, $50,
W. Pearson Repair 1 Uj story frimi owlt
in. 1V15 Ureeler St.. between KllUnrswrta
auil JeHsup sts.; builder. Otto T. JubnsoD,
$130.
B. K. McAlnney -Erect 1 atntv frame e
rrge. R42 Tillamook t., between K, 17th sod
E. 18th sts.; builder, 11. tl. Kibbler. $300.
C. K. Holxer Mii- l atory frsms Office, ,
0O."S Claikanms st.. between K. Mh and E,
Slut !.; mnTPT. A. 1. Mondle, $."K.
TIPS
To the
Home Owner
Beaver
TIMMS CRESS & CO.
184-8 M30OVD 8T OST&AXX 1 '
Phones stain 3033 A-9023 ' I '
J. C. English Co.
Lighting j
Fixture
E, Irving sad TXnioa Ave.
rectory to Coasnmef
General Insurance
BONDS
McCaxgar, Bates & Lively
Yeon BuildingMain 168. A-2694
ABSTRACTS
Union Abstract Co. ;
EXPERIENCED MANAGEMENT?,
EFFICIENT CLERICAL FORCE
PRICES REASONABLE.
41112-413 COBMTT BtDO. , .
Fhdaes Mais eg and A -5817 .
Board
4