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About Estacada progress. (Estacada, Or.) 1908-1916 | View Entire Issue (May 27, 1915)
« •iS * * ' «-C 5ÍÍ jo - j ESTACADA PROGRESS Devoted to the Interests o f Eastern Clackamas County V olume 8, N umber 36 * E stacada , O regon , T hursday , M ay 27, 1915 $1. P er Y ear CANDIDATES NAMED TO REFINANCE P. R. L .& P . CO. Organization Formed Attention, Ladies OF The C. I. C. Vital Questions On Ballot Stockholders Decide To Reduce Capital Stock At a meeting of the merchants of Estacada, held at the Estaca da State Bank, last Monday even ing, a final organization was e f fected. The new organization will be called the E-.taca.la Business Men’s Development Assn, and its objects- will be for mutual credit protection, general busi ness advancement and coopera tion and to work for the steady development of Estacada and surrounding country. A fter the discussion and adop tion o f by-laws, the following officers were elected: President, B. II. Finch; Vice-President, W. Givens; Secretary-Treasurer. Ir win D. Wright. The next meeting will occur the evening o f the second Mon day in June, at the bank. All those, desiring to attend the General Federation Mid-Bi ennial Council, June 1-2-3, are requested to register at the White Temple, before four o ’ clock, Mon day afternoon, or at the Hotel Multnomah after that hour, where they will receive an invi tation and admission card to which every club member is en titled, Monday evening, May 31, a grand reception at the Hotel Multnomah. Mrs. Annie Allen o f Cazadero will be one o f the receiving committee that even ing. All that General Sherman said of war, is true as regards Esia- cada city politics, this week. T^e following candidates will run tor oitice, at the coming June 7th election. Mayor.......................... ........ Irwin D. Wright, W. F. Cary R ecorder_________________ . C. W. Devore, Fred Barthol omew Treasurer . ___ Jess. M. Bartlett 1st Ward ................... Fred Jorg 2nd Ward ______ S. E. Wooster 3rd Ward ..................... P. M. Wagner, A. Morrow (E. Bates, filed but with drew.) 4th Ward ________ J. F. Lovelace 5th W ard_____ K. M. Standish Desiring to obtain the direct wishes of the people on the two vital questions, o f a herd law and a bublic library, the city council arranged to have the fol lowing measures placed upon the ballc . "bnall livestock be permitted to run at large within the city limits o f the City o f Estacada?” "Shall the city charter he amended, so as to permit the levying o f an annual tax o f $500. to suppoit a public library?” Ina much as the law requires a thirty day notice prior to a question being placed upon the ballot; voting on these questions at this election will act as a straw-ballot. The re sult will be a sure indication o f the wishes o f the people and the council can be directed ac cordingly. Much harm has been done to da>e by the e mulation o f false reports regarding the supposed platforms on which the various candidates are running. The addition o f the ‘livestock’ and ‘library’ questions to the bal lot, should eliminate any council man from the responsibility of deciding this for himself, as the wishes o f the people should be the only guide to the officials. It is a safe assumption that every candidate on the ticket is in favor o f wise, economical leg islation and if elected will work for the public good. The average voter, before de ciding on the question o f the charter amendment to allow o f a library tax levy, should stop and consider several phases o f the matter. If a library is erected any where in the city limits o f Esta cada, it will, comprise a $5000.00 building, built by donated money costing the citizens absolutely nothing. The erection o f such a building, even if it were o f no value as an educational medium would increase local and adjacent property values, at least 10 %. In other words a $500. lot should be worth $550. if a neat library building is anywhere nearby. The average property owner in Estacada is paying a tax on an assessed valuation o f less than The stockholders o f the Port land Railway, Light & Power Co., at a meeting held in Port land last week, authorized the re financing of the company. The stock holders were represented either in person or by proxy to the extent o f more than two- thirds o f the total stock holdings. The plan includes the reduc tion o f outstanding capital stock from $25,000,000 to $20,000,000. All this is common s ock. Tak ing the place o f the $5,000,000 thus cut off, $5,000,000 in cumu lative first preferred stock will be issued, and $5,000,000 in non- cumulative second preferred. Of the new stock $2,500,000 o f each kind will be retained in the treas ury for future corporate pur poses. The balance will be sold to stockholders on the following basis: Each holder o f 100 shares of present capital stock, or smaller holders in pioportion may turn in 20 shares o f his holdings, ac companied by $25 for each share turned in, and will receive 10 shares first preferred and 10 shares second preferred stock. With the completion o f the plan the Portland Railway, Light & Power Company will have an outstanding capitalization o f $2- 500,000 first preferred, $2,500- 000 second preferred and $20- 000,000 common stock, the latter 75 per cent, paid up, and the company will have raised $1,250- 000 in cash. President Franklin T. Griffith announced after the meeting that the company is not planning any extensions or improvements to be taken care o f out o f this $1,250- 000 o f new money. Current needs, maintenance and operat ing expences that have not been possible to provide for out o f revenues, will be taken care o f out o f this new fund. $700. and many on less than half that amount. A 2 mill library levy would cost the average tax payer between $1. and $2. per year, but the increase in value would be many times that amount from the start. Why make a mountain o f a mole hill in the consideration o f this tax? A library will be one o f the biggest attractions that this city could offer to the people o f the surrounding country, and any medium that will draw the neighboring people into Es tacada is a wise one, from a fi nancial as well as a social stand point. Another question which has appeared since the outbreak o f the p litical epidemic is the ulti mate solution o f the water ques tion for Estacada. This question should be settled by ballot, either straw or legal and should not be decided by any city council di rectly. I. O. O. F. Attention Work in initiatory degree, Sat urday evening, May 29ch. Earl Day. N.G. Dance June 4th There will be an informal dance given under the auspices of the C. I. C., at the Odd Fel lows Hall, Friday evening, June 4th with dancing from 8 to 1 o ’ clock. Tickets 75c per couple. LOG LA GARRE BALL Saturday Evening, June 5th. Invitations will be out next week, for the grand opening ball o f the newly completed Log La Barre resort, in Upper Garfield. Few o f the local people realize the extent and pretentiousness o f this $12,000.00 building with its 4,000 square feet o f porches, 21 rooms, monstrous fire places, roomy and well lighted living and dining rooms. This beautiful building is situ ated at an elevation o f 1400 ft., in the midst o f a 120 acre tract, commanding a magnificent pano rama o f hills, canyons, mountains and forests. The name o f the resort is in keeping with the building’s struc ture, which comprises mammoth logs, with rough tree trunks for porch posts and an interior of native fir, with heavy beamed ceilings. The handsomely grain ed casings form a natural frame for the ever cloud changing mountain views that are obtained through the clear p ate glass win dows. While the surrounding grounds are today in their rough state, ultimately they will be improved to conform to the ideal rural re sort environment as carried out in Log La Barre. Many people from Portland and other parts o f the state have already made reservations for outings at this resort the coming summer. Ultimately Log l a Barre will be one o f the finest and most ex clusive automobile rendezvous ad jacent to Portland and with its chicken dinners as an attraction, should prove a big advertisement for this part o f the country.