i- T
..If
TWELVE PAGES
MARKETS
. ; WXANCTJ
SECTION THREE
REAL ESTATE, BUILDING
WANT ADS
J
9
H
B
0
e
s
p
s
t
15
REALTORS' CODE
BUSINESS BIBLE.
DECLARES TAYLOR
Ethics of Trade Explained by
President of National Associa
tion; Promises Must Be Kept.
Speaking through the National
Real K ft alio Journal,' official maga
zine of realtordom, published in Chi
cago, on the subject of "ethics,
Fred E. Taylor of Portland, presi
dent of the National Association of
Real Estate Boards, reminds all re
altors of the professional obligations
which they owe their respective com
munities, the1 association and them
selves. ' President Taylor refers to the asso
ciation's code of ethics as the realtors
business Bible and remarks that it is
incumbent upon realtors to practice
"precisely" what they have preached in
carrying out- all : realty transactions.
IDEAS OS ETHICS
Following are Taylor's Ideas on eth
ics: - -
"It is well for members of the Na
tional Association or Real Estate Boards
to remember that they, as realtors, owe
a particular obligation to their respec
tive communities as well as to their as
sociation and to themselves. . As a re
sult of tbe Ideals fostered by the code
of ethics ' of the national association
and entrenched In the local communi
ties by the affiliated boards and ex
changes, the general public has come
to expect ethical treatment in all trans
actions handled .by realtors. .
"Furthermore, the laymen are look
ing more and more upon realtors to
exert a wholesome influence upon those
engaged in the real estate business who.
for one reason or another, have not iden
tified themselves with our boards or
assocations.
MUST, KEEF PROMISE ,i
"Having preached the gospel of our
code of ethics with such general .suc
cess, it is incumbent upon us to prac
tice precisely what . we have preached
and make certain that no buyer or
seller; of real estate can say truthfully
that his practical experience with any
realtor failed to bear out the honorable
rating: which the1 public has been taught
to nlace UDon our nrofession."
"To be sure, the realty man outside
the organization who chooses to be guid
ed only by his own conscience, may
profit in an unfair and mercenary way
because of the general confidence in
realty ODerations.
"It Is our duty, therefore, to "protect
the uninformed purchaser by creating
such an enlightened sentiment and by
advertising, the true significance or
the word 'realty' that the unscrupulous
operator without standing, will rind it,
impossible to conduct his business along
Illegitimate lines.
CHEST AT FATLT
"Often a aealous client may ask his
realty agent to do something that does
not harmonize with our code of ethics.
It has been said that probably a ma
jority of the s.orcaIled unprincipled trans
actions originate in the mind of the client
rather than in that of the agent. In
ran fa where a eood commission seems
to beckon invitingly It may seem a rather J
cruel hardship to refuse to entertain
business of a questionable character, but
If a high principle is involved there is
but one course for the realtor, to follow
and that is the path marked out by an
honest Interpretation of - our code of
ethics. '
"The code of ethics, therefore. Is pur
Bible.. It sets forth in a general way
what Is right and what is wrong in
the transaction of our business.
CODE IS DISTRIBUTED :
: "It is the law laid down by the Na
tional Association, of Real Estate
Boards and adopted by the affiliated lo
cal boards as the guide for each indi
vidual realtor. That the general public
may know the high ideals which govern
the conduct of realtors, thousands of
Volumes of the code are distributed
annually to interested laymen. For this
if for none of the many other good and
sufficient reasons, we, as realtors,
should make it our first duty to master
th teachings of our code of ethics and
pattern our daily activities according to
its suggestions and admonitions.
"In the light of our responsibilities it
behooves us to walk circumspectly -at
all times and on all occasions."
Title & Trust Co.
: Makes, Spokane Deal
Spokane. Wash.. Aug. Purchase of
the Del Rey apartments, by eastern
V approximately $100,000, was announced
f here yesterday by the Title & Trust com
P f-anyof Rertland, Or., through Albert L.
'.CJrutze, the company's trust officer. Mr.
tj'Grutze was in .Spokane formally to take
I over the property for eastern clients.
The purchase was made from G. A
Ross, a building contractor of Portland,
as so'er owner.
Natatorium Corner Stone Laid
V: Baker. Aue.' 28. The corner stone of
; .the Baker municipal natatorium was
laid Thursday by the Masonic lodge, the
i usual ritualistic exercises being used.
The laying of brick already has , been
, commenced and the forms for the con-
crete plunge are nearing completion. Ma-
terial has also been received rapidly by
i the city officials and all but one car-
Iload of the brick ordered from La Grande
had arrived before the increased freight
rates went into effect. The corner stone
is of Haines granite and the words "Ba-
ker i Municipal .Natatorium. 1920," re
. engraved on it.
SJOARD
MASS
9
NEW CHURCH DEDICATED TODAY
V , f , , &
J' - ft , ' i
M . f -" h ' - u -
If , - 5. ' I ' ' '"
- " ! ' , ' . ' --', '41.
If ii " nil f ii jrTvrr.qf
5 Jp
'5
New brick edifice at Rodney avenue and Ivy street for the Trinity
Lutheran congregation, erected at a cost of $10,000, whicb will be
dedicated tills morning.
Another modern church building will
be dedicated j this morning, when the
Rev. J. A. Rimbach opens the doors of
Trinity Lutheran church, Rodney ave
nue and Iw street, with impressive
ceremonies. The building, which is cf
frame construction veneered with red
brick with white brick trimmings, has
Just been completed at a cost of about
$40,000.
The building was designed and erect
ed under the direction of Edwin Balge
mann, local contractor, who is a mem
ber of : the congregation. Balgemann
Officers of. Interstate Realty As
sociation Will Assist in Or- .
. ganizing Baker County.
Baker, Aug. ( 28. Arrangements
for entertaining members of the In
terstate' Realty Bpard and for tak
ing, steps , toward the formation of
a .board for , Baker, were decided
upon- Thursday evening at a meet
ing of local real estate men at the
Chamber of Commerce. September
14 was the date set for the organi
zation meeting.
Among ' those who are expected . to
be present in ; Baker for the real es
tate dealers meeting -. are, Fred W.
German, president of the Portland
Realty board ; 1 Coe A. McKenna, vice
president of the Portland Realty board ;
B. B. Arthand, vice president of the
National Realty association of Ho
quiam, ; Wash. ; Paul A. Cowgill, sec
retary of the Interstate Realty asso
ciation ; C, V. Johnson, department in
surance commissioner of Portland, and
R. E. High, president of the Interstate
Realty board of Boise.
At the meeting last ; evening, which
was presided over by . A. EL Kirkendall,
with R. G. Miles acting secretary, com
mittees were, appointed to take the
plans under consideration and to pre
pare for the gathering on September
14. The entertainment committee con
sists of Colonel Panting ' chalrman,
W. B. McCarty, Floyd Vaughan. Hugh
Alfrey and E. A. KirkendalL The music
committee is Leroy Tibbals and Charles
Bodeau. i
A banquet for the "evening of Sep
tember 14 is being planned and the
guests will be entertained by automo
bile rides about the city and through
the valley. -, r
"Water Question Solved
The Dalles, Aug. 28. There is but one
spot in the city where the water ques
tion and the problem of irrigation has
been solved : and that is in the Cheno
with tracts. Water is obtainable on
these tracts at any season of the year.
Owing to this condition, real estate In
this section of the city is advancing rap
idly in price, and many people contem
plate building there.
Mears Hotel Sold
Seaside, Aug. 28. Mrs. A. Mears has
disposed of the Mears hotel to 'Mrs.
Charlotte Barrett of this city. Mrs.
Mears has operated this hotel for the last
six years and plans on making her fu
ture home in California.
BAKER REALTY MEN
WILL FORM BOARD
For Your Walls and Ceilings
TDEAVER BOARD does twy with, the crack
AJ in of plaster and the nuisance of repaper
int. ; It makes complete wall that needs no
repairs. It Is very easily put on, beautiful in
desijfn and color when ! painted. 41 freat
advantages. Let us tell you all about it -
Booklets and Panel Layouts at
RASMUSSEN & CO. rZfigX '
'i.,...,t'
superintended the construction of the
building for daily wages only, ' donat
ing what other profits he might have
derived through a contract, i Much labor
and material was also donated by mem
bers. 7 ,
Handsome art glass windows have
been installed "by Povey Bros., and the
furnishings throughout are of the best.
A new pipe organ has - also been In
stalled. , ;
In addition to the regular congrega
tion, the new church will be occupied
by a local deaf congregation which was
recently organized in the city.
AUGUST BREAKS
SALES RECORDS
Activity in Market for Residence
Property During August Un
equaled in Recent Years.
Close of the vacation period and
preparation for the winter occasions
a boostrin the market for dwellings.
Besides the annual crop of , newly
weds who spend- their honeymoon
at the beaches and come back, to
the city in August to settle down in
a bungalow, there is an increasingly
large number of families moving to
Portland to send their children to
our schools and colleges. ' The
school colony usually arrives in Aug
ust to prepare for the opening of
educational institutions In Septem
ber. . ; ' ? '
And so August is a busy month with
the real estate man. Sales this year
have-been more numerous than during
August, 1919. According to Frank L.
McGuire this month will be the best in
the history of Portland so far as resi
dence transfers are concerned. ; Reports
from other dealers tend to bear, out this
statement. - ;
McGuire's prophecy is, of course, based
on ' the business handled - at ; his own
agency. Up to Friday night the total
number of sales recorded by McGuire's
sales force during; August was 768,
valued at $2,473,411, compared with. 645
sales valued at $1,441,271 for the first 27
days of August last year. The biggest
day's business of the month was on the
11th, when 15 . transfers, : valued at $45,
625; were handled by , the McGuire
agency. v-i -rt ":-'..-. .
Total business of . the year to date
amounts to $2,473,411, representing 768
transactions, compared with a. total of
645 sales, valued at $1,441,271, for the
period up to August 27 of last year.
With four months to go it would appear
that McGuire Is certain to break his
record of 855 sales of residence property
during 1919.
Irvington Homes
Find Ready Market
The FV R. Gilliland home at the
northwest corner of Twenty-third and
Brazee streets was sold last , week to
William McBam of the Crown Willam
ette Paper company for $15,000. The
house is of an English type and oc
cupies a 100 by 100 foot site. The trans
action was handled by iMrs. Mary Mc
Donellv Other sales of residence prop
erty reported by this agency during Aug
ust include the transfer of the house at
18 East Thirteenth -street north from
Anse Staples to Alec Martin for $14,000.
The home at 583 Cast Eighteenth street
north from Frank Humraell to Arthur
Stringer for $8500, and the house at 602
East Twenty-second street north from
Bert I Shaw to Miss Daisy. Ray for
$8500. . . , 4..-.,.,:
- Large Prune Drier -i 1,,
Salem, Aog. 28.-r-CpnstructIoa work on
what is said to be the largest prune' drier
in the Northwest; is now under -way in
West Salem, where ruce Cunningham
is erecting a plant 100200 feet in dimen
sions. -'The plant, when completed, ' will
be able to care for 2000 barrels of prunes
daily. Only one unit of - 1000 capacity
will be completed in time to handle this
year's prune crop Cunningham is rec
ognized as one of Polk county's most
extensive prune growers, t : -
PORTLAND, OREGON, SUNDAY
STATE OF OREGON
ACTS TO PROTECT
ITS TITLE TO LAND
Suit of Lake County Land &
Livestock Co. to Perfect Its
Claim to Swamp Contested.
Salem, Aug. 28. The attempt of
the Lake County Land & Livestock
company to register title to approx
imately' ,1000 acres of land Jn Lake
county through a suit f instituted
against Welbur Lofftus, Warren C.
Laird", Ira Hougland and Martin
Anderson, alleged "squatters, Is cop-
tested by the state of Oregon in an
answer filed by J. O. Bailey, assist
ant attorney general, Saturday after
noon. V 'A ' , , ;
The lands in question are located ad
jacent to Warner and Anderson lakes,
in Lake county, and claimed by ; the
state of Oregon as swamp lands. He
declares that "title to the land passed
from the United States to the state of
Oregon by act of congress of March 12,
1860, extending to the state of Oregon
the provisions of the swamp land" act
approved September- 28, 1850.". -:
It Is understood, here that success of
the company in establishing title to this
land Uould result in the filing of simi
lar suits, involving other lands, and that
the state's title to approximately 96,000
acres of land adjacent to Wrn. An
derson ; and Malheur lakes, held as
swamps lands, would : be ultimately in
volved..' Eesidence Property
Moves Fast Tinder
Publicity System
A new method of salesmanship is
responsible for the sale of over J 150,000
worth of residence property by the Ralph
Harris company,, organized a few months
ago with , offices - in the Chamber of
Commerce building,- Transfers of . 15
houses during the past two weeks indi
cate the growing popularity of the new.
sales metnoa no less man a sirengtnen
lng market for dwellings.
Under the Harris method, - houses
listed for sale are chosen with care and
the company asks exclusive contracts
for the usual period. Complete descrip
tions of houses offered fo sale are
published in advertisements inserted in
the classified columns of The Journal.
Names of owners - and street locations
appear in the advertisements and , the
prospective buyer chooses a house in the
section of the city where he wishes to
live, calls- for" the. key and looks the
place- over at his leisure. If he la
satisfied with the house and location
he calls at the office of the Harris
company and completes the purchase.;
Members of the Harris company are
Ralph Harris, Celeste Liston Harris and
J. BenUey Sheehy. air experienced realtyWreewater 1 p." m, leave 2:20 p. m. ;
dealers.
Logging Congress to
Meet at Vancouver
From October 6 to 9
Announcement that the eleventh V an
nual session of the Pacific Logging con
gress will be 'held in Vancouver, bJ C.
October 6 to 9, inclusive, has been re
ceived by Portland lumbermen . from
George M. Cornwall, publisher of the
Timberman and secretary of the or
ganization. Cornwall is now in the
British Columbia city conferring ' urith
H. A. Hendry, president of the organiz
ation. I
A special program of three days 'i
conference and one day in the woods
is being arranged. A special feature of
the congress this year will be the ex
hibition of motion pictures showing
various logging devices - in . operation.
Many loggers, lumbermen and bankers
of the Pacific Northwest will attend the
meeting.
Ijebanon Farm Sold
: Lebanon, Aug. 28. Frank Goemans
has sold his farm of 88 acres, thee miles
east of Lebanon, to George Chamberlain
for 39500. Three years ago the same
farm sold for $3800. ., 'yj
BARNES & LINDSLEY CROSSARM PLANT '
. K fcttia3tjt-A-i.-:i..-Ji--k::--A-i-, .-.j. - . i .
New building nearing completion on four acre tract In East St. Jolins for tbe Barnes A ' Lindaley com
pany will house one of the best constructed plants of its class In tbe city. Ther concern' will torn
V out a carload , of crossarms dally. - 4 v .
New buildings nearing completion
for the Barnes & Lindsley company
at St. Johns will house one of the
finest wood working plants in the
city, according to , B. L. Barnes,
president of: the concern. The
buildings were planned by De Young
& Roald and Include a boiler , and
engine house 43 by , S3 feet In di
mensions, a i dry kiln 104 feet in
length, and a twg story frame fac
tory building 70 by 250 feet in di
mension? s,
MORNING, AUGUST 29, ,
BUSINESS MEN
ARRANGE TRIP TD
EASTERN OREGON
23 Cities on Other Side of Cas
cade, Mountains to Be Visited
by Chamber of Commerce Train
. Tentative arrangements for a
trader excursion or Portland busi
ness men to Eastern Oregon during
the week beginning ' October 17,
were made" Saturday following ' a
meeting of " ,the ? general excursion
committee, of the Chamber of Com
merce, calling for visits to 23 cities
east of the Cascade mountains. ;
Preliminary plan's called for the in
clusion of . several Idaho . cities in the
Itinerary, but the committee decided
after much deliberation to confine the
trip entirely to Oregon cities and sug
gested that an ' exclusive Idaho excur
sion tour be made next spring.
A special train will be supplied for
the excursion and 300 : Portland manu
facturers, jobbers and business men
win have Xo .Join the party to make
up the necessary expense. The party
is scheduled to return to this city
Sunday, October 24. . 1
PLAKS MADE - YEAH AGO
Nearly a year ago plans were laid
for a trade toftr of Eastern Oregon.
following ' the return . of Portlanders
from Southern Oregon cities. - The plans
never matured, however During Buy
ers' week, early ? this " month, visitors
from the Eastern Oregon cities urged
the business men to visit- them and
plans for the trip in October resulted
The tentative : schedule accepted . by
the general committee arranges for the
special train to leave Portland at 8
p. m., Sunday, October 17. The first
stop will be made at Union junction
at 7 a. m., October IS. (Arrangements
have ; been made by the mayor ; of
Union to take the Portlanders for ' an
hour's stay at Union and Cove, re
turning to Union Junction to depart at
11:55 sL tci. for North Powder. The re
mainder of the schedule has been ar
ranged as follows :
THE ITINERARY
October 18 Arrived North Powder
1 :10 p. m., leave 2:15 p. m. : arrive
Haines 2 :35 p. m... leave 3 :40 p. m.,
and arrive Baker 4 p. m. and leave
11:50 p. m.
October , 19 Arrive Nyssa 6 a. m
leave 10 a. m.; arrive Vale 11 a. m.,
leave 3 p. m., and arrive Ontario 4 p.
m., and leave 1 a. m.
October 20 Arrive Wallowa 7 a.' m.,
leave 9:30 a. m. ; arrive Joseph 10:30
a. m leave 2:30 p. m , and arrive Enter
prise 4 p. m., and leave 11:50 p. m.
- October 21 Arrive. Elgin a. leave
11 :30 a. m. ; arrive Imbler noon, leave
2 p. and arrive La Grande 4 p. m.,
and leave 11:50- p. m. . : '
October 22 Arrive Adams 7 a. m
leave 9 a. m. ; arrive Athena, 9rlfa. ni,
leave 10 :15 a. m. ; arrive Weston ' 10 :30
a. m., leave 11:30 a. m. ; arrive Milton
arrive Pendleton 4 p. m., leave 11:50
p. m. : '-
October 23 Arrive Pilot Rock 3 a. Tn.,
leave 9:30 a. m. ; arrive Echo 11 a. m.,
leave 1 :15 p. m. ; arrive Stanfield 1:3C
p. m., leave 3 ;30 p. m. arrive Uma
tilla 3 :50 p. m., leave 4 :50 p. m.. and ar
rive Hermiston 6 :10 .p. m., and leave
11:50 p. m. :.;
Returning the party will arrive in
Portland at 7 . a. m., October 24. :
Members-of the excursion committee
are : Nathan Strauss, W. H. Mitchell,
Edward Ehrman, M. S. Hirsch, M. H.
Houser. W. H. Beharrell. C. C. Chap-
Lmani J. S. Beall, W. L. Thompson, Paul
DeHaas. F. M. Seller. Edward H. Sen
senich and Charles Deyette. -- .
Ladd Company Builds
Five Modern Homes
Near Reed College
Five new houses built in Eastmoreland
by the Ladd Estate company are ready
for Inspection. The site chosen for the
group is on a gentle slope facing the
municipal golf links. - Each house is of a
distinctive - type and all , are built, for
comfort and convenience. ; The exteriors
are attractive and there is ample: space
for lawn and garden. . -
This new group of dwellings is easily
accessible-to Reed college and will help
The engine house and' dry kiln are
of , hollow . tile construction and are
practically fireproof. Ample provision
has been made for heating, "lighting
and ventilation equipment In - the . fac
tory and practically all of this equip
ment as well as -the machinery of the
plant - was manufactured in Portland.
Special machines for boring and shap
ing cross-arms were designed by off 1
cials of the concern and made in local
shops.,...;-. .
Tbe plant occupies : a four-acre tract
with deep water frontage on Columbia
Slough and is accessible to trackage for
rail shipments. Output' of the plant
1920.
NEW FIRE STATION COMPLETED
FUflftMBHJF"
a .saunas.
v
. 'Si
'
s nj t r -
l:
a t
,. 'it j ' "iiTi " ' ' : '"
Handsome three story flro station, at the southwest corner of iurth
' ana Taylor , streets which : will; be " open for ; use September 1. .... Tbo
new' station will house engine4No.: 1 and truck No. 1, under com
mand of Captain Fred ; X- Day. ' -
The new fire station Just completed
at the southwest corner of Four.th'and
Taylor streets will be open -f or ; use
after ' September : t. The " building , s
three. Btories in height. 50x50 , feet in
dimensions, of brick and . concrete con
struction. It will be : headquarters f or
engine No. 1 and truck ; No. . l. com
manded by Captain Fred N. Day. w:
FOR SMALL-TRACTS
Recent Transactions Show Move
Toward Smaller Land Buys
" by Portland People." -
Increasing demand for small acre
age as a feature of ; the Portland
realty market. Is reflected in the sale
of two , and three acre tracts to the
value of more than ; $50,000 by the
J. Ii - Hartman company during the
month of August.- ;The tracts are lo
cated' in .North' Park'rose,: aii addi
tion - two ; blocks ; north , of . , Sandy
boulevard and extending' half a mile
along, that thoroughfare, comprising
400 acres of Multnorrfah Drainage
District No; 1. - . '.i" ...
The topography and soil conditions of
the addition make gardening and ' or
charding feasible and profitable and in
nearly- every instance purchasers of
tracts are preparing to erect'; homea
Completion of the dike and pumping sta
tion being Installed by the drainage dis
trict will place approximately 8000 acres
under cultivation during 19SL . ' v
The J. L: Hartman company -, reports
the sale of 23 houses during August and
the transfer of 26 vacant lots in Rose
City : Park to prospective home builders.
More than 100 homesites have been sold
by the company in Rose City Parle since
January l, but j the movement has
reached its maximum during the past
four weeks. ; Over 50 houses of the bun
galow type are under construction in this
popular addition. . ;" - .-' - s
supply' the growing need for additional
bousing facilities in that section of the
city. The new, homes are offered on
liberal terms by the Ladd Estate com
pany.s ;-;:-. ', i m-.' -i- ' ., ' : . ' -:;
Artlclea Are Filed
The Lion Lumber company, with Port--land
as its principal place of business,
and $5000. as its capitalization, filed its
articles : of incorporation Friday - with
the Multnomah county clerk. : The in
corporators are R. R. Gardner, Charles
Blanding and E..L. McDougaL"
J
will average one carload of cross-arms
daily, according to Barnr Fully 75
per cent of product of i plant is
shipped to eastern and mi -. s western
territory for use on linea cf electric
light and power companie
.The cross-arms are ma Z "DooglM
fir lumber- and find re; arket in
competition with cross-f rnade-ef
southern pine.' Prior to - war the
company, shipped . most of . output by
water-to Atlantic coast t '-s is and on
account of the recent incr- -s In trans
continental freight rates o;i cials of the
concern plan to revert t cargo ship
ments In lieu of rail usnsoortauon. -
BID LOCAL DE
MAND
.5
-
i ...
.The " building was erected at a coat
of approximately $G0,000 and is -one of
the best-equipped, stations in the city.
The third floor will be used as an as
sembly room. Sleeping quarters .will
b on the second : floor and lounging
room and fire equipment will be on the
ground floor. ' The building will le
equipped with shower and tub baths
and a kitchen.
STUDENTS TO GET
I II
L I
Majors in School of Architecture
; to Have Part in Erecting
' "5 Building.
. ' University of Oregon, Eugene,
A.MZ 28. The , extended building
campaign on the campus of the Uni
versity of Oregon,, started this year,
will be capitalized as a laboratory
for majors In the school of archi
tecture. The services of F. II. Miles
as chief of construction, and George
E. Reed as inspector of mechanical
plant,, have been ' secured for the
school. In . order to bring the stu
dent constantly In touch with build
in cr operations, during his course. In
spection . of the new buildings and
mechanical - plant, r . conducted ' by
those members of the staff, will be
offered classes In the school.
Miles has had long experience in the
building profession, as well as in the
lumber, and stone industries. " While in
the employ of Norcross 'brothers' he had
charge of the erection of the stone work
on the New ; York public r'-library, and
Is best known ia Portland and on the
coast-as the builder of the First Na
tional bank, of Portland.
Reed ; has a large practice In the
northwest as a mechanical engineer. He
is ' retained by : many large concerns,
such as the Northwest Electric Co. and
Meier A Frank, and has for many years
designed - the mechanical plants for the
schools of Multnomah county. -,
The addition of these two members of
the faculty enables the School of Archi
tecture to offer practical 'work to
Students of the school, and enables the
student to obtain a comprehensive view
of the plans being,; worked out in the
construction program . now ' under way
on the .campus,.-;, A:-:-..
Large Number of .
Eesidence Permits
in
"- Portland's reputation, as a home city
Is based on the, large number of moderate-
priced - bungalows and houses
which, adorn' residence districts In easy
access of the .- business district, rather
than upon the possession of a number
of f 'grand" houses. Steady accretion to
the. number of homes being built in
East Side residence districts is the most
encouraging phase of the' realty market.
During tbe first 27 days of August 108
permit ' for. the ' construction of new
dwelling bouses, were issued at the city
halL The aggregate value of these per
mits was .25,533. an average of Slight
ly vtr i 100 each, .Total building per
mits of j ail .classes issued during the
first ZT --days of .-the-, month numbered
952 and Jtheir value is 1711,225. Only
twe- permits calling for the expenditure
of more than 1100,000 were issued dur
ing, this period one being for the new
telephone exchange In Irvington and the
other for the Kverding building on East
Morrison street.
r
PRACTCA
-:- :-LiBI'OLEUMSl
And Cork Tilinno
For Any Room
' - In Any . Building v- J
. I5
CORIC FLOOR PRODUCTS CO. :
' 202 Broadway, at Taylor .'
e -
REALTY DEALERS
ISSUE WARNING
AGAINST BAD BILL
Four Per Cent Interest Measure
on Ballot in November Election
Would Work Ruin to Industry.
Joining the Portland Realty Board
in its fight against bad legislation,
the legislative committee of the In
terstate Realty association has is
sued a, warnirig to its members in
Oregon against the pernicious 4 per
cent interest bill which will appear
on the ballot at the November elec
tion.. The bill Is an initiative meas
ure providing that the legal rate of
interest in Oregon shall be 4 per
cent per annum, with an allowance
for 5 per cent on contracts.
The following letter, signed by A. R.
Hitter, chairman of the legislative com
mittee, and by Ira E. High, president of
the Interstate Realty association, has
been mailed to all members of the or
ganisation in the state:
"On-lhe November ballot the voter will ,
find a proposal to fix the legal rate of
interest in Oregon at 4 per cent con
tract money at 6 per cent.
"If the proposed law were passed evil
days would coma upon those who borrow.
Most money now loaned would be called
in and sent to places where higher rates
.or interest are obtainable and many a ,
small owner as well as the larger, who
now has a loan at 8 or 7 per cent, would
be called on for the money, because the
note could not be renewed at the present
interest rate. The lender would demand:
payment in order to Invest his money
where It would yield a better rate. Ore-' -gon
- would be drained of every dollar -for
loan purposes.
, "This same situation would confront
every business using borrowed capital
some would go bankrupt- some be forced
out of business; many would be com
pelled to limit their operations. A con
dition of 'Stagnation would settle ever ;
many business enterprises with the re
sult that many workers would be thrown
out of employment. .
"Do not overlook, also, that there Is a
single tax measure on the ballot in No
vember. You, as a licensed real estate
dealer of tht state of Oregon, are re
quested by the Interstate Realty asso
ciation to tell your friends about these
amendments so that they will be de
feated at the next election.
"If these measures should pass, real
estate operations would be ruined. This
office will be very glad to cooperate
with you in any way that you sug-gest.
I cannot urge you too strongly to devote
as much of your time as possible to
bring about the defeat of tills measure."
Seward Hotel Plans .
Complete Renovation
Of First Two Floors
Contracts for a complete renovation of
the basement and a portion of the lower
floor of the Seward hotel have been let
by W. C. Culbertson. owner and proprie
tor. The basement will be made over eo
as to include a laundry. Ice plant, cool
ers, sewing room and possibly a barber
shop In addition to its present use. The
laundry will permit all the hotel linen
being washed within the building, while
in the sowing room nearby everything
will be .mended. There will also be a
repair shop for the mending or revsr
niBhlng of hotel furniture. There will
be two coolers, one for the perishable
food supplies and another for the staple.
The- establishment ' of the barber shop
will .probably not take place until a
later time, Culbertson said.
On the first floor the women's parlor
will be enlarged. Already additional
furniture, pictures and a mirror bare
been added to its furnishings. A new
floor Is to be placed in the dining room,
together -with complete new ruga
" New Apartment House
Centralia, Aug. 2, W. 1L Oliver's
flew $75,000 apartment house on Rck
street will be completed and ready for
occupancy very soon, according to an
announcement made by Mr. Oliver. The
house 1 to contain 24 apartments of two
and three rooms 'each, and will play a
big part In relieving the congestion of
living conditions in Centralia, which has
been acute during the past year.
Don't Be "Soaked"
Again Next
Winter
Ask us to show you how your entire
home can be comfortably heated
throughout next winter, A Vsper
Kratlag 8ytBi will give you. the re
sults you look for. Low in first cost
and low In fuel cost. Kasy-to care for
and easy to buy. Now is the time to
do it. "Later on" will be too late.
ALASKA PLI7MBIKO UBATOS
C OM FAST,
41S E. Morriios. - Zatt tH.
l