TILLAMOOK HEADLIGHT, JULY 13. 1911 EAN BUYERS OR RECEIVER. sands of dollars from their private money to facilitate the work. The work of improvement, it will be found, has been carried on with economy, under capable manage­ ment and with the best interests ot the property and its purchasers always in mind. ivestors in Lots lin Against T. B. ter Realty Co. IROKEN, ALLEGED B Aver that Promised rements Have Not Been Made. 100 Men at Work Now. “The pavement work has not stopped at Bayocean. We actually have over 100 men on the pay roll at the present time and improve­ ment work is continuing every day and will continue. “So far as advertising is con­ cerned, we have used the mediums and the amount of space that have beet appeared to us to answer our legitimate purposes. Our percentage of advertising cost to the gross amount of sales is about 2Vi per cent, which is lower than that of any other company that has ever advertised on a large scale in the history of the city of Portland. “There are about 1500 purchasers of Bayocean property, and as near as we can ascertain, less than one per cent appear to be dissatisfied. Their principal grievance seems to hinge upon a difference of opinion as to how the property should have been handled. The others are en­ tirely satisfied and those who have visited Bayocean are its most en- thusiastic friends. “I am satisfied that an investiga tion of the affairs of this company will prove a greater credit than dis­ credit to its management and I am frank to confess that I welcome the opportunity of presenting to the courts of this state a careful analy­ sis of our books.”—Oregonian. Eastman, F. A. Paulson, Albert H. Gello, J. C. W. Wilson. F. N. Derby, ise, W. S. Mott and W. I. rchasers of lots in Bay- k, Tillamook County-, yes- •lied to the Circuit Court ^ointment of a receiver B. Potter Realty Com- present owner of Bay- k. implaint it is alleged that ny has failed to install ents stipulated in the jiven purchases of lots, X) collected ae payments rasted and the company >t and that T. Irving Pot- ■esent in charge of the s business in the absence Otter, his father, in Eur- rch of health, is incom- tnanage the business. Acres Are Platted. plaint sets forth that in Potter and H. L. Chapin I the 600 acres of ground I subsequently platted as “Park at a cost of got in $20,000 and that they I the Potter-Chapin Realty with a capital stock of PLAINTIFFS ALL SALEM MEN. me 20, 1907, subscribing Prime-mover in Bayocean Case is l stock themselves with Marion County Assessor jon of a few shares issued S alem , Ore., July 6.—Those be­ arsons that there might hind the move to obtain the appoint­ stockholders to comprise ment of a receiver for the T. B. Pot­ ite. The 600 acres was ter Realty Company are leading ir to thia corporation. Salem business men, one of them, ged that 2200 of the 2800 the prime mover, F. J. Rice, being i on the plat have been Assessor of Marion County. ntracts which call for the Attorney-General Crawford, is if approximately$1,000,000 also interested. He owns property pproximately $400,000 has at Bayocean Park and for several on these contracts. Be­ days has been busycommunicating ith January 1, 1909, the with holders of Bayocean property. it is contended, agreed to Relative to the application for a less than $100,000 a year receivership, F. N. Derby, a promi­ vements, which were to nent local real estate man, says 'ater mains in front of that the reasons for the move are sidewalks on each side of principally set out in the applica­ paved streets, ferry-boat tion. “Potter is ill, as I understand it,” ♦ween Bayjcean Park and iome other railway said Mr. Derby, “and young Potter -ocks and a six-acre has been lavish with the money. All we desire is to place the prop­ jroved. d that the company erty in the hands of men who will 4el at a coat of $15,000 complete the improvements on the i canal at a cost of property as promisee have been at none of the other made that they would be completed. s specified in the sell- We have advertised extensively that has been undertaken. certain work would be done and we sold out hie interest desire to see that it is done as ad­ -Chapin Realty < <>m vertised.” ‘"All the money has been voted sects of which were by the T. B„ Potter for salaries and in building gaso­ B, 1910, line launches,” said J. C. Griffith, •ement a Salem dentist and also a plaintiff. ,v $90,000 “For a gasoline launch that belongs uai installments to the Potters $10,000 of the property- January 1. H'l-’. owners, money was expended and it T. B. Potter, we desire to have the balance placed all the stock of in the property instead of having it expended for the benefit of the Pot­ ^^Bupanv. ■lat H. L. ter family.” E. J. Rice, who, it is understood, month dur- Ipin ¡Realty developed the sentiment in favor of Matter now a receivership, is out of the city. Jfi a month But the remainder of the men in­ aged 23, at terested say that the application for of which was a receivership is merely a matter Id from the of protection to the property owners payment for as they say the bulk of the money ■ T. Irving placed in the properties has been meted money used for other purposes than the j and adver- development of the park. ^jfieclared to • because of TILLAMOOK HAS CONFI­ jments DENCE IN BAYOCEAN. are attorneys tPotter-Chap- Business Men and Commer­ T. B. Potter. cial Club Take Action. H. L. Chapin When a telephone message was Denied. received in this city last week that ode in the ap-1 a few investors in Bayocesu pro­ er for the T. B. perty had commenced proceedings ny are really I for a receiver to be appointed for nee to warrant the T. B. Potter Realty Co. it caused me." said T. I some surprise, as it is considered resident of the here that the company has made > return from j considerable headway with the im- bL “At the I provementa and it should be left I of this com I alone to consumats the work at that I in court and seaside resort As there is consid­ of an nnim- erable interest taken in Bayocean in to show that this city, a petition waa circulated he company's amongst the business menon Tues mere has been j ’lay expressing their confidence in rr. every hill the T. B. Potter Realty Co., and at I the company a meeting of the Executive Board of paid, and thatI the Tillamook Commeicinl Club on d of being in-| Monday evening that body appoint ealthy a fian ed a committee to draw up a resolu­ SK*t substan tion commending the company for Bipany in the j the improvements carried out. The resolution waa »• follows ; o the improve- Whereas, the T. B. Potter Realty Bayocean, the Company have been obliged to “vful study of contend with great natural diffi iw that thia cnlty in developing the Bayocean Park beech resort. necessarily in­ ’ epent $100,. volving a large expenditure of pert of the money in meeting the conditions ith the terax and which does not at present ebow wort I purchaaera. in the actual t. and, «% voted tbow now ia ¡»ogres« ! the bayocean step ' Co. with characteristic energy, anil i—-*•- ■—* * * STAMPED AS PLOT. now largely completed the founda­ tion work tor what will in time be one of the greatest beach resorts on 60 Investors in Seashore the Pacific Coast, and, Whereas anj^ dissatisfaction which 1 Property Vote Down may exist among lot purchasers, I 1 Plan to Investigate. must, Jin our judgment, be largely due to lack of understanding of the difficulties to be overcome, and the REGARD PROJECT SAFE- plant necessary to be established before the actual plans tor beauti­ C. O. Lauritzen, ex-Sales fying and improving this splendid Next Door to Tillamook County Bank. beach resort could be undertaken. Agent of Company, Blamed Now, therefore, as close observers for Suit for Receiver. of the progress of this great under­ taking, we hereby express our con­ Expressing confidence that the viction that the T. B. Potter Realty Company have proceeded with all enterprise will prove a remunera­ possible economy and good busi­ tive investment and emphatically ness expedition in carrying on the denouncing the bringing of a suit work at Bayocean Park, and that for a receiver for the T. B. Potter now the preliminary work is largely completed, the near future will Realty Company, fit) investors in prove the wisdom of their methods lots in Bayocean, Tillamook County, and the final completion of this last night tabled a resolution call­ wonderful resort; and we hereby ing for the appointment of a com­ express our faith in the integrity and business ¡judgment of the T. mittee and a thorough investigation B. Potter Realty Company, und as of the financial condition of the an organization we condemn any company. The meeting was held attempt to discredit them or their in the assembly hall of the Port­ great work at Bayocean Park in the FOR land Commercial Club. F. A. Sul­ eyes of the public. livan was chairman of the meeting T illamook C ommercial C lib . By Resolution of Executive Board. and J B. Easter was the secretary. |W ebster H olmes , President. C. O. I.auritzen. ex-sales agent G eorge W illett , Secretary. for the T. B. Potter Realty Com­ pany, called last night’s conference Dream Soon to be Reality. And all points on Tillamook Bay. of Bayocean Park investors. In The hope of two generations will calling the gathering to order, Mr. be realised when the railroad of the I.auritzen gave a comprehensive from Pacific Railway A Navigation Com­ statement of the operations of the pany from Portland to Tillamook is company from the time he entered completed this Summer. The i its employ' in 1906 until about one United Railways will soon follow, year ago, when his contract expired. and an isolated section of Oregon During the time of his iiiiployinent, will then be doubly bound to the ; Mr. Lauritzen said he received a i monthly salary of $250, while his I rest of the state. TheNehalem andTillatnook valleys I contract provided that he was are among the richest in Oregon, , to receive in addition, 7 per cent but, though at the very door of Port­ commission, net. on all sales,- less land, were, until this year, more re­ . the cost of the improvements to be mote than sections a thousand I made by the company. Foot of Washington Street. miles distant. Tillamook has kept Improvements Behind, Alleged. J. R. GLADDEN, Ageut, Tillamook. Although Mr. Lauritzen made no up communication by sea, but commercially has been but a remote specific charge of fraud against the part of Oregon. Only trifling sums realty company or its members, he have been obtained from the Gov­ alleged that the corporation was ernment for the improvement of its not proceeding with the improve­ harbor until now the people are be­ ments of the property as had been ginning to help themselves by or­ promised the lot-buyers in the pub­ ganizing a port commission( and lished advertisements. He alleged levying a local tax. that as late as July, last year, when The Nehalem Valley has hitherto the company had sold virtually all had no outlet except by wagon and of the lots, improvements that had its great belt of heavy timber and heen made did not exceed in value its rich agricultural land have re­ $50,000, It was because of thia KAISER BLUME. mained mainly untouched. It has dilatory record on the part of the had many promises of a railroad company that Mr. I-auritzcn last Unsurpassed. Non intoxicating. and has been so often disappointed month referred the subject to At- that only the advent of the locomo­ torney-General Crawford and other MALT TEA. tive could convince its settlers that lot-buyers at Salem It was by these the expected had come. The timber and dairy industries men, 10 in number, that the suit of the Tillamook country have en­ demanding the appointment of a joyed much development, even receiver for the realty company was —9 with the small facilities for reach­ ing market they now enjoy. The instituted in the Multnomah County Special Brew. railroad will give them a great im­ Court a few days ago. petus and extend the development Investigation P.'an Tabled. 1:0 the Nehalem Valey and the coun­ Mr. Lauritzen offered a motion BOTTLE!) BY THE try between Hillsboro and the Coast Range. The tide of settle­ calling for the appointment of a ment will spread to that section and committee of three who should visit Portland will profit equally with Bayocean and submit to the in­ the settlers.—Oregonian. vestors a true report of the improve­ ments that have been made as well Honest Medicines Versus Fakes. as information touching on the I President Taft’s recent message financial condition of the company. Mods Water*. Nipthon*, Bartlett Mineral Water. suggesting an amendment to the Tom Richardson moved as an Pure Food and Drugs law in its amendment that the resolution be relation to Prepared Medicines, does not apply to such standard laid on the table. The amendment medicines as Foley’s Honey and prevailed l>y a unanimous vote ami Tar Compound and Foley Kidney further debate was shut off by a Pills, Both of which are true medi­ motion by Carl H. Jackson to ad­ I cines carefully compounded ot in­ gredients whose medical qualities journ. Thia also prevailed- without are recognized by the medical pro­ a dissenting voice. fession itself as the best known re­ If I-Chapin, who was associated medial agents for the diseases they with T. B. Potterin theorganization are intended to counteract. For over three decades Foley’s Honey and operation of the company for and Tar Compound has t>een a the first two years of its life, re í h standard remedy for coughs, colds futed the charge of Mr. lauritzen and affections of the throat, chest that the company had not expended and lungs for children ahd for grown persona, and it retains today over $50,000 in improvements at (C^PT J'. SCHRADER) its pre-eminence above all other Bayocean Park. He declared that preparations of its kind. Foley in 1909 the company expended Kidney Pills are equally effective over $100,000 for improvements. and meritorious. Chas. I. Clough Mr. Chapin denounced as a sliame Co. _____________ the proceeding brought through the Administrator*« Sale influence of I.auritzen. which lie said would “break the most sub­ N otice re H ereby G iven ,— That by virtue of an order duly made stantial bank in the country.” Leaves Portland, Couch St. Dock $476,329 Bpent on Tract. and entered by the Connty Court of, the State of Oregon, for Tillamook Chairman Sullivan submitted fig­ Every Tuesday, Arrives Tillamook County, authorising and directing ures from the realty company the sale of the real property, here­ Wednesdays. inafter described by the under­ showing that it had spent for ac­ Sailing for Portland, every Thursday or Friday tual physical improvements on the signed administrator, I, the under­ signed administrator, will sell at property $284.315 from receipts from according to Tides. pnvate aale subject to confirmation the sale of lots and at the same by the said County Court, the fol- lowing described real property, to- time had advanced and exfiended from its own funds an additional wit : An undivided one-half interest in $192.014. One hundred men are H. C. I.AMB, Agent, S. ELMORE A CO, and to Lot numbered one and the now at work on the property and Lamb's Dock, Tillamook. Ore. /Sgenta, Antoría, < Ire South East quarter of the North prosecuting the improvements as East quarter of Section aix, and rapidly as possible. f. W. W. BROWN, Agent, Lot numbered four, and the South Car) H. Jackson argued that the Couch Street Dock. Portland, Oregon. _____ ___ West quarter of ___ the North West filling of the suit for a receiver for quarter of Section five, in Town- I the company was a serious mistake ship — three - North Range nine that would not only depreciate the —- of -« “ West. W.M., and Lota numbered value of every investor's holding in twelve, thirteen and fourteen of the project but would proves big dis Section thirty-one, in Township couragement to like prefects which The Best Hotel. four North of Range nine West, made an much for the development W.M., leas tract of aix and three of any «tale. H. D. Ramsdell said fourths acres sold to F R Beal», it was apparent from some corre­ and one acre for grave of Mrs. spond« nee he had received from Ludtke. and except the merchant­ the mt n who brought the suit that able limber on lands in Sections five laiuritzcn wanted to Is- ai>|M>inte