THE 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