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About The Oregon statesman. (Salem, Or.) 1916-1980 | View Entire Issue (May 18, 1924)
Our new plan brings you attractive dividends as regularly as your pay check CGthesi Talk it over with our Investment Department, 237 N.Liberty St,, Salem HIS Tomoanrv today, offers to - its customers j patrons ; and the public h?.twp. believe is one of the most attl ac tive opportunities for putting their money jo work atjiigh wages in a grkt big local ,;For th-i nrsi time in the history of .the . Northwest yci as now given the chance , of eamrhs resukir and attractive dividends lSTtimss a year--ons dividend day each month : ' ' - ' - ' V7e are placing; on the market $1,000,000 veHfc ef cur new issue of First prcfcv3 ptock. which will draw dividends at the rate cf 720 per cent a year, and these dividends f2f y jWcrcured each month, or eaeh quartie? $l t5ie optica of the purchaser. ; , -2f you desire to receive your accumulated divViind on theftrs pjf each.thrnerely kitify our Company end yoyr check will be mailed you evry 30 days. . i On czzy pzymcnt3 : ; . 'jrjpHESE &ra.ViU be cold at par ($100) - end "diemay " be purchased ' forcash cr btqVir esy -payment plan -$ 1 6 per share don and $10 a month until paid for. ' Z& ycu accept the latter plan, we will pay yea 7 per i cent interest on your savings ual the fhare3 are yours, whereupon your cLividcnd3 brin to accrue at once. . " Fcr each share cS Etosk ycu purchase you will receive a dividend of 1 60 cent? each month, or $1.80 each quarter, whichever way jou choose. Why this is a good investttwt THIS Company has an investment of over $ 70,000,000 devoted to? giving public service .'to 50 com- sv7nite9 a population f ever 350,CC3. The services r rendered 3 by the Company sire indispensa ble to the public and are necessary for community and industrial growth. These services are in ever increasing . demand; . in other Words their ! market" con stantly grows. t We have over 72,000 light and power customers,. an in crease of ' 10$ 00 since - the first of last year. ; i . For extensions and new construction THE proceeds from the sale of our First Preferred Stock will be put right back into extensions and new construction. fied, furnishing energy for virtually, every form ;of industry and. business, and domes tic activity in our territory. The Company has been , successfully operated for many years. Successful 1M on your money, m Oregon's greatest public utility 'THEl management is of " proven p integrity, . long experience and ' unquestioned ability. , The confidence and good will of the public has been earned by the . Company, as evidenced by its large number of shareholders here at home nearly 5,000 of them. Business and earnings of the Company, have increased steadily. : Due to the nature -of the services rendered and . the diversification of indus- rC . .. tries and conmaunities served !t a most satisfactory degree of stability is exhibited throughout the Company's long career. ' Management policies are progressive and are founded on a deep sense of public trust and obligation. The best possible service, at reasonable rates, to the largest possible number of people, is the ideal kept con stantly in miridi , Stability, increasing O a resident of the territory served this .investment. has the a'dvantage of being where it can be inspected; in oth.er words," in properties that can easily be reached and seen at anv time. . ' " ' ' The", investment , may Monthly Savings Plan. be ; made on the This investment helps to build up the community" in which the investor . is most interested as a citizen.. - - . The business of this Company is diversi- . Gbripiilt ciir InveGtmerit Department today for an assured ihcomei safety of principal arid seciirify for the future; 237 North Liberty Street, Saleni You become a profit sharing bartner in the latest and strongest institution in your aj'mmunity, the, largest tax-paying enter prise in the community t and one whose faith in the future of that community, is un limited and demonstrated by the tremen dously big program of expansion we ar now carrying on. f It is our expectetlon to put upward of $50,000,000 of nc mcb work here in Oregon during thi next x or seven years. - . . . v , . . As this Company develops and expands, so will your mvestoent mcrease in stability and : earning . powers ita caftiy is urr: tioned. - TV ' I . i v .. . . 1 1 . v e . , - - T . -3 Ci'ATE Formerly Portland Railway, Light and Power Co. ; PORTLAND, SALEM, OREGON CITY and VANCOUVER, WASH. U