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About The daily morning Astorian. (Astoria, Or.) 1883-1899 | View Entire Issue (July 26, 1887)
a ) he gait gistorfatu ASTORIA. OREGON: TUESDAY. .JULY 2G, 1SS7 OUR BUILDING ASSOCIATION. Astoria has a building association which is in a very prosperous condi tion. Organized but a short timo ago, its funds are all taken up, there is a demand for more money, and the first series is already closed up. A second series will bo opened about the first of next month. The Astoria Building and Loan As sociation, and kindred associations of the same character, are potent factors in the work of buildinghomesinacity; they are aids to the city's best inter ests and are a practical benefit to the community.' Their mode of working and manner of doing business is a crystalization of experience and-is a good example of what intelligent co operation and mutual effort can do. .- The fundamental proposition is the rent buys the home. Pay the rent -to yourself for four or eight or ten years and own your home that has meanwhile been your shelter. Building societies as they are some what erroneously called, for as a rule they do' not build, only help their members build for themselves have been known in Europe for many years. There they are regulated by law, and are under government inspection. The aggregate capital of the incorporated building societies of Great Britain is S263.405.990. If to this be added the capital of the unincorporated building societies, the amount will be $450,000, 000. The first organization of this kind in the United States was the Oxford Provident of Frankfort, a suburb of Philadelphia largely devoted to facto ries. This was organized in 1831. The par value of the shares was fixed at 500. The initiation foe was $5 and the .monthly dues S3 on each sharo. -'Thcmoney thus collected was loaned to the members on real estate security. In just ten years the payments and earnings brought the shares up to $500, the limit fixed at the start, and of course there was nothing to do but to dissolve and divide up. This was dono and a disincorporation followed. The success of this single organization brought other similar ones into exist ence, and by the year 1845 their popu larity' was such as to attract wide spread attention. "While Philadelphia has always been regarded as the home of such organizations, Massachusetts early took up-the idea, and multiplied the number rapidly. New York, New Jersey and adjacent states followed in the wake of Philadelphia and Massa-...cjrusetts.- Subsequently the same kind of organizations found existence and favor on this coast, crossing the Rocky mountains some time in the sixties. Experience shows that about one half of those who join these organiza tions become borrowers, while the re mainder are simply depositors. An association of this kind depends upon borrowers for the full 'amount of its available funds for its existence. As it can make loans only to members, it is necessary that new members shall join from time to time. To meet this case was introduced the feature of serial issues'of stock, instead of plac ing the entire capital stock at the start All societies of this kind organ ized for the last ten years have been on the serial plan. The shares are generally placed at $200 each, payable in $1 monthly installments. At a fair rate of premium, the stock will mature in ten years. Or, in other words, by the time the shareholder has paid in $120 on account of his share by monthly installments of $1 each, his stock will be worth $200. The West Oakland of California matured its first series, in .118 months, and paid each share $202, or an average interest on the amount paid In of 14.40 per cent per annum. The mutual feature, is quite pro nounced in these associations. The shareholder, who is simply a depos itor, gota a higher rate of interest than, he could at any bank, while the bor rower reaps slill greater advantages of obtaining more favorable rates than he could at a bank, from the fact tfiat he participates in the earnings of his own money, both in the form of inter est anoTpremiums. The plan pursued varies but little. For example, an as sociation organizes and puts out its first series of 1,000 shares. From that time- forward it has $1,000 per month to loan out Afterwards anotherJ "source of income is the interest on the loans made. The money on hand is 'disposed of from time to time among the members who wish to borrow the same and pay the fixed rate of interest As there is usually more than one ap plicant for the money, it is put up at auction, and the one paying the largest bonus gets it Sometimes this bonus amounts to 10 or 15 per cent, to which is added'the regular interest The premium is in moBt cases taken directly out of the principal. For ex ample, a man pays 10 per cent pre mium for $2,000; he gets only $1,800, but pays the fixed rate of interest on $2,000. Some associations give the full amount asked for, and apportion he premium during the interval the loan runB by requiring the pro rata amount of the same from month to month in addition to "the regular 'in terest This course is more satisfac tory to some borrowers, who like to distribute their burdens. The economic features of the plan enables the association to get a larger percentage out of its earnings than is possible where similar economy of management is not practiced. The association cannot bo mulcted by its shareholders, nor do the shareholders losewhat they pay in, if for any cause they are unable to continue their pay ments. They have the privilege of surrendering their shares at any time, and receive back all they have paid on account of the same, with a fair pro rata of the earnings to date of surrender. The object is not to break up or break down anyone, but to build up and benefit all alike. There is little danger of losses from unwise loans. The "West Oakland, alluded to above, now twelve years old, has as sisted in building 323 houses, has not been obliged to foreclose a single mortgage, nor has it sustained a single loss. This shows the character of the clientage of these societies, and the care taken in making loans. Us ually the payments more than make good any possible depreciation in the value of the security. It is said that one-fifth of tllo homes in Philadelphia and its suburbs has been secured through the operation of building societies. It is sound po litical economy to encourage the own ership of homes. The most law-abid-ing'citizens are those who have fami lies and homes to defend. The next thing for a young man to get after a good wife is a homa It would be bet ter for him to get the home first, but this is not always practicable or nec essary. There WW Prohahly Be No Trouble. There are rumors of war down about the mouth of the Klamath river in California. John Bomhoff secured from the government the right to establish a fishery on the river with the proviso that he would hire the Indians of the reservation to do the fishing. The river runs through the reservation, but the Cal ifornia legislature has declared it to be a navigable ptream and it is claimed by K. D. Hume of the Ellens- bun? cannery that anyone has the right to fish in it provided he doesn t trespass on the land. Accordingly Hume has taken thither a complete fishing fleet, and proposes to catch fiBh for his cannery. Bomhoff is all prepared for the salmon run, and has hired the Indians at good prices to fish for him. The Indians claim the exclusive right to the fish, and threat en to shoot Hume's men the moment they begin to catch salmon. The Hume crews are armed, and the Cres- ent City Jiecora says war is expeoted. Death of C. C. Campbell. A letter received by J. O. Han thorn from the Cape Fox Paoking Co.'s premises at Tongas Narrows, Alaska, yesterday, conveyed the sad news of the accidental death of C. C. Camp bell at that place on the 9th inst He was foreman there for A. "W. Berry, and on the-morning of the 9th was on the roof of the cannery with two Chi namen shingling. The staging on which he stood gave way and he fell to the ground, striking his head on the rocks, and dying half an hour af terwards. Deceased was well known in this city. He was foreman for J. O. Han thorn for several years and had a good reputation among his associates. He has a brother and sister living at Van couver, "W. T., and another sister at Salem. A Gilt for All. In order to give all a chance to test it, and thus be convinced of its wonderful curative powers, Dr. King's New Dis covery for Consumption, Coughs and Colds, will be, fdr-a limited time, given away. This offer is not only liberal, but shows unbounded faith in the mer its of this great remedy. All who suf fer from Coughs, Colds, Consumption. Asthma. Bronchitis, or any affection of Throat, Chest, or Lungs, are especially requested to call at W. E. Dement & Co.'s Drug Store, and get a Trial Bottle Free, Large Bottles 81, Telephone Z.oifriHg House. Best Beds in town. Booms per night 00 and 25 ct8M per week Sl.50. New and clean. Private entrance. Cool Beer Drawn from the cellar, at Clias. Grat- ke's. C, B. F. P. U. TVotice. All members in eood standine of the C. B. F. P. Union, who are engaged or going fall fishing on the rivers of this coast, are hereby notified to .meet at Boss' Opera House a Wednesday. July 27th, at a p. m. snarp. By order Executive Board. A. Suttox, Sec'y. For a Fimo Dish of Ice Cream Go to the Central Restaurant, next to Foard & Stokes'. The best Fabre's. oysters in any style at All There II lea cream, fine Quality supplied at short notice by Frank Fabrc, any part of the city: S2.ro a gallon. Prirate Booms. At Frank Fabre's for suppers, par ties, etc The best cooked to order. What is better than a glass of liquor? A cup of delicious coffee at Fabre's. Da Y Want Yer Flme CI eased f If you do J. Lavalee will do the job neatly and cheap. Leave orders at The Abtobian office. Foand Floating Near Catblamer. Last Sunday morning Jno.Whalikio found the body of an unknown man in the Columbia river near Cathlamat. J. H. Graham, J. P., was notified, who summoned a jury and proceeded to hold an inquest, the following facts being learned: Age, 40 or 45 years; height, 5 feet 8 inches; heavy mous tache and chin whiskers, sandy color; index finger off on left hand; dressed in blue overshirt, black and brown plaid pants, red flannel undershirt, low quarter shoes, one on left foot having cut on across the too. mended by herring-bone stich; weight, 155 or 160 pounds; nothing found on the body by which it could be identified. NEW TO-DAY. Mrs. Campbell Does all kinds of Plain Sewing and Mend ing at the shortest notice. Opposite. Salva tion Army Barrlcks, Astoria. (For ono livening. Only.) Saturday, July 30. The (Hunt of all Shows. W.J.GILMORE'S Great New York Production of The Devil's Auction -OK- The Golden Branch. Interpreted by a Company of 45 PEOPLE 45 Iutroduciog TLt Grand EigHth BftlleU, Startling Specialties, Hurc SeTolrlBg Scenery, Ceiroaei, Properties, Ac. Pouiiug direct from San FrancKco per Steamship Columbia, PMCES-GU Centi, 76 Cent and . Sale of SeatA open Thursday. July 23th. at 9 x.u at The New York Kgvelty Store. Pic Nic and Excursion. TUE SCANDINAVIAN BENEVOLENT SOCIETY Will Give a Grand Excursion and Pic Nic TO KNAPPA AND RETURN ON Sunday, July 31st. 1887. The S. O. Reed has been chartered and every arrangement has been made to Insure a pleasant tune to all participating. There will be Dancing hi the afternoon at Knr.pp.s Hall. Steamer returns at 6 o'clock. Hound Trip Ticket: Ladles, Fifty Cents. " " Genti. Oae Dollar. Tickets may be had of any member of the Sool-tv. Committee of ArraHsemcHls. Aug:. Danlelson, M. Olsen. Frank Eck lund. Eric Johnson, Jno. M. Olsen. The boat will leave the O. R. & X. Dock at 9 A. M. and will make landings at Booth's and Scandinavian Canneries both ways. Tho Western Amateur Band lias been engaged and 'Will Accompany The. Excursion o:q::e2 Clatsop Ferry Boat Is Now Running Regularly. Will Make Trips an Follews: LEAVES Smiths Point, Clatsop Landing. 8 A. M. 11 A. M. 4 P, M. 5 P. SI. Above will he hours for regular week day trips and until further notice. FAKE Footmen ......................... 20cts Man and horse......... .. 35 Horse and cart........ ..... . CO " Express wagon and horse . ...... Co " "Wagon and two horse ...........-..-. 75 " Other thing3 In proportion, and additional trips made if business demands. Look Here Boys. If you want a neat fitting Suit of Clothes, goto J, D. Merchant Tailor Having Just received a complete assort ment of Foreign and Domestic Suitings. Something Entirely New. I am prepared to rnakoup Suits cheaper than the cheapest. Give me a call and be convinced that T mean what I say. J. E ROSS. Comer Squemoqua and Hamilton streets, east of C. B. Cooper's. Scow For Sale. TWELVE FEET BEAM AND 4S FEET length at reasonable figures Applyto WM.XOKB&CO. G. A. STINSON & CO., BLACKSMITHING, M Capt. Rogers old stand, corner of Casa and Court Streets. Ship and Cannery work. Horseshoeing. Wagoss made and repaired. Good work guaranteed. Steamboat for Sale. 17 OE PARTICULARS r Arndt & Ferctren's. ENQUIRE AT Net Found. ON FISHERMAN FKG. CO. TRAP, north channel, about l whole net, marked on lead line 'I. A. D.," corks not marked, found July 29th, 45 mesh deep. Parties can nave same by proving property and paving charges, and the cost ot this advertisement. Can have same by apply ing to ERVIN HEMPLRA, ;Care Aberdeen Pkg. Co,, llwaco, W. T. Ross Opera House The Crystal Palace CAUL JLDZiSB., Manager. Fancy Goods, Gold and Silverware, Books', Stationery, Notions, Clocks, Watches, Jewelry. The Latest Publications Constantly Received. An Experienced Watchmaker in the Repair Department. Everything at Lowest Prices. ALL GOODS WARRANTED AS REPRESENTED. A. V. ALLEN, WHOLESALE AND RETAIL DEALER IN Fine Groceries, Provisions and Mill Feed. o Crockery, Glass Plated Ware. o Ttio Largest and finest assortment of Fresh. Fruits and Vegetables. Recoived fresh CITY BOOK STORE. The Finest Line of BLANK BOOKS In the city. NOTIONS. Sheet Music And Musical Instruments GRIFFIN & HEED THE Str. Alaskan .Hereafter, duiing the Summer Season The Aleutian will leave Astoria, O. K. Si N. Dock, On TYednesdayg and Frldirs at 7 A. M. Connecting with all Afternoon Trains, out of Portland. OX SUNDAY, The Alashan will leave Astoria at 4 P. Jf. TROUPE &. DILLINGHAM, Charterers. Carnahan & Co. SUCCESSORS TO I. "W. CASE, IMPORTERS AND WHOLESALE AND RETAIL DEALERS IX GENERAL MERCHANDISE, Comer Chrnamus aiulCass streets. ASTCRIA - - - - - 'OREfJOX H. EKSTROM. WATCHMAKER. Just received a large stock of Watches and Clocks. Chains, Lockets, etc Also genuine Seth Tnomas Boat Clocks, proved to be the best. Ail which will be sold 'at very low prices. Watch and Clock repalrlnjj a specialty, and done at reasonable prices. Shop next to Aug. Danlelson's Sample Room, on the roadway. Notice. ATA MEETING HELD BY MEMBERS of the Columbia River Fishermen's Protective Union, at Upper Astoria, on Saturday, July ith. It was unanimously agreed that the price of Salmon for this Fall on the Umpqua river be as follows : For Chinnook or big Salmon co cents, For Sllversldes'or small Salmon 40 cent3. All members of this Union are hereby not iced that they can not under any consider ations flsh for less than tho above men tioned prices. A. SUTTON, Secretary C, It. F. P, Uulon. K. E. BBAOIl.Pres., J. McOBAKEN.-Vici Pre J K.KLDEKKIX. LOUIS LOEWENBEKQ. Sec'y. Treasurer. The Northwest Fire & Marine Insurance Company. No. s Washington St., Portland, Or. CAPITAL, $300,000. R. I1.BOYJE. Astoria Agent, Office at I. X.L. Packing Co. DIItECTOBS: J. McCralea. F.K. Arnold. P. E. Beach, Frank M. Warren. C . li. Presoott, K. Kgstrt, J. Loewenberjr. J . K. Klderkin. D. 1). Oliphant Xoney to. Loan on Approred Real Estate Security. The New Accommodation. STEAMER WALLUSKI, JOHN G. BLAKE, - - - Master, Will leave Gray's Wharf, Astoria, Every Friday Afternoon, For Young's River. Returning leave Kamm's farm Saturday, at 7 a. m.. when tide will permit, arriving at Astoria about 9 a. v., leaving Astoria at 3 p.m. for Kamm's farm and xoung's River landings. t are ana irreignt charges at uvlng rates. For further Information apply to the Cap- tain on board, or 1 to J. H,D. OKAY, Agent, every Steamer. Novelties in STATIONERY SCHOOL BOOKS AND School Supplies . VARIETY GOODS. MURRAY & CO., GROCERS Ami Dealers in Special Attention Given to Filling Of Orders. A FULL LINE CARRIED And Supplies furnished at Satis factory Terms. Purchases delivered In any, part of the city. Office and "Warehouse In Hume's New Building on Water Street P. O. Box r3. Telephone No. 37. ASTORIA. OKEGOIV. For Rowing or Sailing The fine boat Prfcfc of The Columbia can be engaged during the season for boat ing or sailing parties. Apply to THOS. WARD. THE TRAYELERSMBAEECO Of Hartford, Conn. Presents to the Travelling Public the fol lowing Valuable Concessions, viz : $3,000 $3,000 $1,000 $15 In case of Accidental Death. In case of loss of both . Eyes, two entire Feet, or two entire Hands. In event of loss of oue entire hand, or one entire toot, and Per week, as formerly, in case of a totally disabling Injury. Ticket), 25c per P&r, or 84.50 for Thirty Days, FOR SALE bx A. BALMANNO, At American News Depot. Local Agent. Are You Insured? J. ). Bozorth Writes Insurance Policies In Reliable Fire Insurance companies that give Absolute Protection In case of Fire. Strike It Rich! -BOY YOUR- Groceries i Provisions of Foard & Stokes Their largely increasing trade enables them toself at the very lowest margin of profit while giving you goods that are of first class quality. Goods Delivered All Over the City. The Highest Price Paid for Junk. Cannery Supplies ! Empire Store. Bargains in Ready Made Clothing. 25 Men's and Youths odd suits marked down from $16 and $18 to $11 and Si 3, and are all wool desirable suits. Y cany a full line of Iilack Drc-N miUs which are sold fur the lowest cash prices. Our Line of Dry g Fancy Goods IS COMPLETE, Cotton, Woolen and Muslin Underwear, Shetland and Embroidered New port Shawls in all colors. Ladies short Wraps, Calico Wrappers, Fancy, Gins ham and Calico Aprons, Silk Embroidered stand covers. A fine lot of Embroideries just opened. We. have the largest and Onest lot of Silk Thread and Twist. Embroidery and Knitting Silk In all shades and colore, to he found In Astoria. ' W.T. Mua.:NA.Gos:Ei. BOOTS and SHOES Genuine English Porpoise Shoes For Gents. Ladles Flexible Sole Shoes in French, Kangaroo and Dongola Kid Boys and Youtha Shoes of all Kinds, Mises ami Childrens and Infant heels, and Spring heels. WE EAI. IX BOOTS AI1 SHOES OIM,Y. P. .1. GOODMAN. The Celebrated Specialist of The Vanmonciscar Private Dispensary, Portland, Op., Is now In thU city; The Doctor is known as the Most Successful Specialist on the Pacific Coast. Ills specialty Includes all 'ervoiw. Private and Chronic Diseases, such as Nervous and Physical Debility. Exhausted Vitality, Diseases of Kidneys, Liver, Ludm, Heart, and Stomach, Premature decline in Man. FEMALE WEAKNESS. Dr. Clark's peculiar tieatment of all Female Troubles, symptoms of which are : Back ache. Burning pain on top of head, feeling of debility, general weaKness, lassitude, low spirits, feeling of languor, nervousness. Is the mast successful and legitimate known to medical science. Microscopical Examinations and Chemical Analysis of the urlue are made in all cases taken to discover all the complications oefore cures are guaranteed. Consultation Free. Kooms at Parker House. DEALER IN Hay, Oats, anfl Straw, Lim, Brie!, Cement, Sand and Pinter Wood Delivered to Order. Drayln?, Teaming and Kxpmt Business. IEK apply to the Captain, or to Men's Furnishing Goods, Men's Clothing of all Kinds. At Phil. A. Stokes Co.'s. ,f?? 1 1 1 1 ii i - Hats, Shirts, Collars, Cuffs, Underwear, TRUNKS, ETC. .A. XTJE3H.TT IiAILGrB BTOOK, Very Low Prices. (First door east of Foard & Stokes.) Anything that a man needs In Clothing, at Bottom Prices. ASTORIA . Planing Mill. HOLT it CO. Proprietors. Manufactures ot MOLDINGS, SASH DOORS, BUNDS. RAILS, BALUSTERS, NEWEL POSTS, BRACKETS. Scroll and Turned Balustrades, Boat Material, etc. Orders solicited and Promptly attended to. Satisfaction Guaranteed as to StyleQuall ty and Prices. Mill and Office cor. Folk nnd Conccpily streets, Astoria, Oregon. PARKERi STEAMER (!L A R A HUM Eben P, Parker, Master. For TOWING, FKKIGHT orOHAK H. B. PAIIMKM. Sl. STOKES eft? OO. BARGAINS. Business Bargains. THE $ew York Novelty Store OFFERS Genuine Bargains In Books, Stationery, Fancy Goods, and General Notions. We are satisfied with a small profit over original cost,, and want you to buy what you need In our line of us. It Is for your Interest to do so. A full line of Novelties. Playing Cards, Blank Books, Musical Instruments, Toys, etc. A Large Stock of Baby CirriigM. THE New York Novelty Stor. .'S&E J . CiiJi.