The Bend bulletin. (Bend, Or.) 1903-1931, March 30, 1910, Image 1

The Bend bulletin., March 30, 1910, Image 1

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Newspaper Page TextTHE BEND BULLETIN. r V0l VIII HIJND, OKKOON, WKDNHSDAY, MARCH jo, 1910. NO. 3 B BEND TOWNSTE N ES HMDS Sold lo Porllnnd Cnpiinllsts (or Sum o $250,000. WATUR, I.KIIIT; POWliK ALSO Frank Robertson al Heail of Synillralo Which Will lUndle Properties In Two Corporations Ihreo Ad ultlons In Town Platted, Arrangements have been prac tically coiiiiudid whereby the lleiid linviisitc will piss from The Pilot Unite Development Co. to 11 syutli cute headed by Frank Robertson, of I'ntllaud. Mr. Robertson liurt Imcii working on tlie tctniln of the dciil for several weeks iinil every tlilnn is regarded nit completed nave the formal execution of the paper, which will tukc plucc In l'oilluiid, probably next wv-k The proierly under truiinfcr In clude nil unsold lotH in the original pint of Ilciid nud iiImiiiI 500 acres of uupluttcil liuul ndjucciil, the city water plant nud the (tower plant now under construction. Two cor (Mirations will lw organised to buy these prncrl!cs, one In own the townsite Mini the other the power, light nud wutcr plant). Mr. Rob ertson will k at the head of both but bin associate in one tuny be different from those in the other The consideration is understood to lc fajo.ooo. Mr. Robertson purposes nt once entering upon active development ncratious. A 3oohorscKnvcr wal cr wheel Is to be installed nt the dum to furnish electric 1 1 lit nud (tower. The rest of the plnul will follow as (toon as possible. Men will l put In the field wiring build lugs for electricity nud taking con tructs for service within two week. The difficulties of transortatioii nud uncertainties" ns to men make it rather hazardous to give exact dates for tbc couilction of this work, but Mr. Robertson nays the electric service will certainly be in Mailed during the summer. Water mains also will be extend cd to localities requiring such serv ice, particularly to tlie new nihil lions, Three Additions to llend, The lowusile interest (succeeding the Pilot Unite Development Co,) is platting three additions to llend, to be known as Park, North nud Hast nddilloiiH A Unit 230 ncres wll be lucludiil in these plats. Park addition will comprise the urea between tbc orlvlnal townsite and the Deschutes pint, extending east to the river, The blocks will be of irregular shape anil the streets will conform to the relief features, advantage of the ground thus being lukeii for sightly and picturesque building HMits and for streets on easy grades and without rock. So far us practicable under this nr raugctucut, the lots will be held to the standard size 50x140 feet. The street nearest the river will Ihi called Riverside boulevard. Next will be Stale, Congress and Front streets; the last named being n continuation of the thoroughfare in front of the present dwellings of Minor, (; tier in, Alien nud Drake and the I). I, tk P. club houses, which will be dedicated to the pub lie ns 1111 01x11 ytrcct, In the south east part of t lilt- addition will he Shasta, Rainier nud St. Helens drives, winding along the sloe nud leading to connections with the streets of Deschutes, South of the present I.ava road will he Cuscade street nud there will be two short streets known as Olympic place and Hood (dace. In this manner the Deschutes plat articulates witb the Hcud townsite directly and without jogs or tuckets. Park addition will contain 371 lots. North addition will comprise 51 lots to fill out the space between the original plat unit the subdivis ioual lines to the northward. Hast addition will occupy the remainder of the subdivisions now partly in the original townsite, and the 160 ncres to the eastward known as thcTalter tract. This plat will be in rectangular form with standard lots nud blocks, the pres ent cast-nud-west streets of Hcud extending through it. The north nnd-south streets will !c numbered Present Tenth street in the orlgiuul town will Itc changed to Third and thence they will number upward to the eastward. This addition will contain 770 lots. Prices of lots in these new audi tious will range from f 200 upward The plats cannot Ik officially ap proved and filed until next month and no sales can be made Itcforc tbat. For building plans of all descrip tions sec C. II. JiHis. 3-5 PUNS MADE 10 T EN Publicity Campaign Is Discussed by Commercial Club. both lessening I lie postage cost nud increasing the advertising value of I he matter by doing nway with j much worthless bulk. . Several thousand Rend leaflets , have been sent to the Portland i commercial bodies nud to the tail-, roads, tlitM having signified their ' desire to distribute the boosting! literature "where it will do the C. M. REDFEELD HUNDREDS SEND INQUIRES 1 r I RECEIVER most good" F. w. Graham, the t Chief Engineer lo Manage Irri- traffic ngc-nt of the Great Northern, Orent Northern to (let Into Destitutes Advertising CJame, Announcing Publication of Central Oregon UuHetln Immediately. At the meeting of tbc board of directors of the Commercial Club held last week, the publicity work of that organization was discussed and plans laid for the campaign of the coming months. It was de cided that for the present the secre tary, George P. Putnam, should devote his time chiefly to caring for tbc considerable corrcstoiidcuce that is coming in and to us exten sive town advertising through the medium of the news columns of the outside press as circumstances will permit. From adjacent land offices the club has received 243 letters inquir ing about the country, this num ber, it is understood, being about the monthly average that may Ik expected in the luturc from these sources. To each of these in quiries, as well as to the many hundreds whose names are furn ished the local organization by the Oregon Development League, will be mailed a clrcurlar letter, one of the Rend leaflets, and, in most cases, a copy of the January First issue ol the Orcgonian. In connection with the distribu tion of the several thousand copies of the Orcgonian stilt on band, the Club, reports its secretary, is en deavoring to make arrangements with the Portland boosters whereby the central state publicity body may assume some share In the expense cntuilcd in delivering this advertis ing propaganda, which is as valu able to the stcte at large as to the llend country. It is understood that instead of mailing tbc entire Orcgonian, as heretofore, only tbc "development", or boosting sec tion, wilt be sent to inquirers, thus who, it will be remcmltered, recent ly made an extensive trip of investi gation through the Deschutes Val ley, In a letter to G. P. Putnam urges that be be supplied with Rend literature, "because," he says, "I'm obliged to spend the greater Mrt of my time answering inquiries concerning your section of the country." Another letter recently received bv the local secretary from General Pusiengcr Agt nt til iw, of the Great Northern, slates that the Central Oregon publicity bulletin, the compilation of whose parts was the piirH)w of Messis. Graham and Putnam's trip, will shortly be off the press 11 ml hundreds of thous anils of copies distributed broad cast throughout the United States The letters of inquiry coming di rectly to the Bend body, now num bering approximately five daily, will receive individual replies as well as all printed matter available. These tetters, it is understood, are at all limes open to the examina tion of all members of the Com mercial Club. The expectation is that the local real estate men will thus be able to come in communi cation with iiKiuirers and supply them with more detailed informa tion and answers to their questions than can be furnished by the Club itself, thus not only securing busi ness "prospects' lor themselves but materially aiding in the adver tising of the town. New Hooka at Library. The following new titles have been added to the list at the Rend Free Public Library: TlicOIrl from I.lmbcrlaat I'ortrr I'tccklcs Portrr The Koury IMrclsy l.tuie Mirplicril ol the mils wrlgnt The Calling of Dn Matthew ...Wright A Kentucky Ordinal Allm Scientific American Hoy Iloml ?etfiittlic American lloyat school. Itoml The second anniversary of tbc Hcnd Library Club will be observed next Tuesday altcruoon, when Mrs Lara will entertain the Club at lea. gallon Affairs. prnpoK-a, or promises, tfiat It will pay into the sinking fund of the first mort gage txmls. That would be $ per acre on atmut ya.ooo acres, or $170,000. And, taking this as actually earned, and add ing it to the f 241,000, there would still be lacking from f too.ooo to 400,000 lo nay the debts of this concern, not eownl ing possible profits based on the dhtrr nice between the estimated cost for rec lamation and the nrnbable teWUxa value il the company's liens, which Is entirely speculative. And so far as Ibis f I con cerned, the only securitr the first morl gsge bondholders lure fs the promise of the company that when these lands are sold ft will lake f per acre of the pro ceeds and pay In lo the trustee, and, to indue by the vast record, it is doubtful flIVES BOND, ASSUMES rjUTVj;;hij,,",hujromU wl" ta ihi So I find that this company, upon its own showing here, at Ibis time, has as sets of vmmi or $400,000, and ha debts of from fHoo.ooo to f 100,000,000. So it must necessarily be insolvent The receiver will, of course, serve under the direction of the court. He wilt be required to report nil operations to the judge. There wilt be no interruption of work re quired for keeping the plant in con- Summary by the Court of the Condi tlona Which Require Appointment of Receiver No Interruption In Watering the Land. Charles M. Kedfield, chief engi uccr of the Deschutes Irrigation & Power Co., was appointed receiver for that corporation by Judge R S Itean, of the U S. district court. last Thursday, in the case brought by the eastern bondholders. The receiver v.as required to file a bond in the penal sum of $100,000, which lias been done, and he bas entered upon discharge of his duty. In passing upon the case the court discussed the financial affairs and condition of the company as follows: At the time the first mortgsge was giv en the company had no substantial as sets. It had a contract with the state for the rcclrtion of a large tract of arid lauds in the eattern part of the state, out of which it hoped to make a profit, but It had no property other than the contract After it bad sold its first mortgage bond, and used them in de veloping the project, it found that it had not money cnouuh to complete it, nd therefore made the second mortgsge and isturd the second mortgage bonds. It has received, I think, f 130,000 or J 140,000 Irom the sale ot sucu bonds, riist money has alt been used in con Mructing Ibis project. In addition to that, the record here is that this com iany is In debt from fjoo,ooo to f 500.000, mi that its total indebtedness Is from pv,ur to 1,000,000, At the present time its tangible assets consist of fjjjooo in notes and cash in Ibc bands of the trustee, aa a sinking (und under the first mortgage; 128,000 In tlie nanilaol toe trustee, to secure tbe bonds turned under the second mortgage: a maintenance fee, uncollected, Iroin tbe ctllera under the project of about f lo, on, and about fjo.ouo tbat the company depotlted with tbe trustee in cah for the purpose of paying tbe deferred in terest, making a total of about f 740,000. This Is substantially all the tangible as- ts of the company tbat I can find, as Nine and lo-inch envelopes, just tbc thing for mailing or filing away I shown by the record. legal documents, for sale at 1 be Bulletin office. provides that on all The nrt mortKat'e nrovtili the lands disposed of bv tbe thall deposit fj per acre with tbe trustee company It as a sinking fund as additional secutilv I "THE STORE OF BETTER VALUES I 99 I want you to know just what that "Better Value" jrneans. And it is just this every time you spend a dollar at my store I GUARANTEE to give youjbhe very best value for that dollar. Some "BETTER VALUE" Prices on New Goods. 5 ) ) m 3 t for the firt mortgage bonds. It bas failed to do this. It has sold about So.- ' xj acres, ami has oulv deposited with tbe trustee f73.ouu, when there should bate been f 150,000 It also appears quite clearly from the record as made on tbc bearing, and confirmed by a letter re ccHed from tbe manager of the company u few days ago, and transmitted to tbe court for tiling with this record I copy of which I understand was furnished coon mtI for complainant), that it will be ini (x)il(le now to continue this project and complete the work, unless the com pany is .cr"iitted to use the entire pro- cretls from tlie sale ol the liens and ills- roiect. It 1 osition of the land under the except the sum 01 f per acre prole irhich dition to serve the lands tbat have been taken, and extension of the system will probably be authorized. Dut the opening of new lands will doubtless depend on circumstance! yet to develop money receipts, de mand for land, etc ANOTHER RECEIVER WANTED. Columbia Southern ErrterprlM Brtu .ht Into Court by Settlers. F. H. Hanke, representing set tlers on the Columbia Southern segregation, bas begun suit to de clare that irrigation company in solvent and have a receiver ap pointed. Tbis concern also started without aay real capital and has reached tbe inevitable destination of such enterprises, accord g u tbe averments in the. bill of GMstsiumt. Of the $100,000 aufliorbusi stock, it is represented tnat w H. Moore, E. E. Lytte and W. A Laidlaw each subscribed one-third. These .subscriptions were varkwtsly manipulated, and tbe ill-starred Oregon Trust fit Savings bank got into tbe case through receiving several thousand shares of the stock, from Laidlaw and his later aaae ciatcs. Thirty defea4aW art named. Bend Beats Texas. Dr. I. L. Sce&eld retained to Bend Friday last after an extesded trip in tbe East, and now, as he says, "intends to stay for keeps " Tbe doctor has examined with par ticular interest tbe southwestern Texas districts which now are be ing advertised on a force scale as offering great opportunities to set tlers, and while admitting some Texan attractions lie declares the Deschutes Valley lias tbis latest land of opportunity' "beaten to a frarzle " Died. Marie, the nine-year-old dangjt ter of Mr. atid Mrs F. M Kay, died at her home early yesterday afternoon from paralysis of tlie heart, resulting from an attack of diphtheria. On the previous day, it is understood. Dr. Farrell. the attendant physician, had cowWered his patieat out of danger as far aa the diphtheria Itself was concerned. BURSON FASHIONED HOSL aLBfekA Ourson --ShBHF emlf it if BW iui IKbHbMEMBJ Ait with' nKTni fl ""r a M2Sg"'4'EBm' 1 fl hot WO HgJUBlllllWl ;fli hs ' IraaaftaaVaV Shoes The largest, most complete line of Shoes in llend. From the snappy whip; tip to the heavy ltl-inch hif(li tops that are made for the roughest kind of wear. Aboswsihowlhs BUHSON and Ihs "otlienM turned Inildsoul nolo the dltlitcnce. Three Stylos 30c Pair Our MERCANTILE in n Dress Shoe has all the new styles in vici, velour calf and patent leather and the lletter Value price is-puir $4.50 Our JOMO is the most satisfactory Work Shoe ever made. I guarantee this shoe to give you per. feet satisfaction, The llet- t i nn j. $7 rn A ter Value price is from 34sUu 10 $le3U par THE Bid STORE Lara's BEND OREQON Tbe Nobbiest, Snappiest Line of Men's Hats You Ever Saw. The Better Value prices on these Hats are from $2.00 to $3.50 AND TIIUY ARK RIGHT IN UVKRY WAY. rr ir:M4. m :. j h-mIt adc ruoi iauvmai jjaiiik OF BEND, BEND, OREGON Or. U. O. OOe. Pr.tld.nt O. S HUDSON, Capital rullr paid Stockholder.' Ilabllllr Surplui E, A. BATHCR. Vka Pr.tld.nt C.lhltr . . S3S.000 ai&.oeo S2.0O0 THIS BANK WANTS YOUR BUSINESS We confess it. are justified in I ( I IN UYHRY WAY. 1 m) Ou the other band, we know we thus asking your patrouaite. We not only offer our depositors every facility to be found in a modern institution, together witb courteous treatment and the best service, but we also assure jou of security for your money, strength and stability in management and methods, and supervision of the United States Government. When you think bank think "The First Natioial Bank of Bend, Or." DIRECTORS: U. C. COK It. A. SATUKR C S. HUSOK V, V. SMITH It. C. KI.U3 VT-- " "- 'J 3 f?'J V