anaheim-gazette 1910-05-19

GETTING READY FOR ANOTHER DIVIDEND HOME INVESTMENT COMPANY BUILDS MANY HOUSES 12 Already Constructed, and Others to Follow—Interview With E. L. Olmstead, who Outlines Purposes of Corporation Which Has Made good Over 100 Leading Men of Orange County on the Stock Books The rumor regarding the Home Investment company of Anaheim referred to in last week's Gazette has been traced by this paper and verified in every particular. E. L. Olmstead, president of the Investment company, when seen in regard to the matter, stated that while the company did not have its plans completed last week he was now in position to make a full statement and in fact desired to take the public into his confidence and that he was willing to answer any questions the Gazette desired to ask. The following is a full report of the interview and is so important a matter to the people of Orange county that the Gazette is more than glad to give it the fullest report and the widest publicity. "Mr. Olmstead, will you kindly stat for the benefit of the Gazette readers and Orange county citizens in general," he was asked, "What success your company has met with during the year since its organization." "Our list of stockholders has increased every month since the Home Investment company was incorporated ple of Anaheim, entirely. We are in business and expect to continue in business for the best interests of the stockholders of the company, and it is only natural that the town giving us the most hearty support will be entitled to the headquarters." "What support do you mean, the greatest number of houses built, or the greatest financial support?" "We propose to incorporate our new company for 500,000 shares of the par value of $1 per share; the first 100,000 shares of this stock will be set aside for immediate subscription and the town in the county giving us the greatest amount of support along this line ought to have and will receive the benefit of our headquarters offices." "What do you think will be the earnings of the company during the coming year?" "That is a hard question to answer. With its present capital the earnings the second year ought to be much larger than for the first year. With the new capital that will come into the company under our new plan the earnings ought to more than double, but, as I say, that is a question no man can answer. All I can do is to point you to some of the other companies which are today paying as high as 26 to 30 per cent on their stock after a few years operation, and some of them did not make the record we have made during the first year." "When do you intend to begin accepting stock subscriptions in the new company?" "We have our plans under way now and expect to open the subscription books in a few days." The interview closed with a wish expressed by Mr. Olmstead that the people of the county would make a careful investigation of the record for Mr. Olmstead, will you kindly stat for the benefit of the Gazette readers and Orange county citizens in general," he was asked, "What success your company has met with during the year since its organization." "Our list of stockholders has increased every month since the Home Investment company was incorporated until we have today over 100 of the leading men of the county on our stock books. We have built and sold 12 houses and out of the profits have paid a dividend of 6 per cent with a nice surplus left in the treasury. If we had had sufficient capital we could just as well have built and sold 50 houses during the year, for the demand has always been far in excess of our ability to meet it and we have always had from 10 to 25 applications on file which we could not fill. The record is one of which we are extremely proud for few of the many similar companies operating in Southern California have shown as great returns the first year of their existence." "In order that our readers may have a more definite understanding of the plan on which the Home Investment company operates, will you state this plan as briefly as possible?" "In short, our plan is the buying of real estate and the building and sale of houses either for cash or on 'just like rent' terms." "Wherein does this benefit the public and where does the company derive its profit?" "In the very nature of the case we can, by watching the market closely, buy land more cheaply than the ordinary purchaser, and we can also buy our material in quantity and pay cash for it, thus securing the very lowest prices on everything; by our arrangement with the architects we save money on plans and specifications, and in fact we save money all along the line. This results in our being able to sell tasteful, modern and attractive homes to the public at a figure just as low as they could build for, and then we give them the benefit of installment payments, as low in many cases as 10 per cent down and 'just like rent' payments each month. Our profits will run from $350 to $500 on each transaction, without any unfairness to the individual buyer; in fact, it is a great advantage to him, for by paying what he would ordinarily stock after a few years operation, and some of them did not make the record we have made during the first year." "When do you intend to begin accepting stock subscriptions in the new company?" "We have our plans under way now and expect to open the subscription books in a few days." The interview closed with a wish expressed by Mr. Olmstead that the people of the county would make a careful investigation of the record for the past year and a statement that every possible assistance would be given the public to learn all the facts in connection with the company. A call at their new offices in Anaheim or a letter will bring any information desired, or if necessary a representative of the company will call at any address, at any time, for the purpose of throwing light on any point. PROTECTING WATERSHED Forester Homans Talks on Return to Northern Home Sacramento, May 16.—State Forester Homans, after a protracted visit to the southern part of the state, announces that a movement has been set on foot to establish state forests in the mountains and hills surrounding the orange growing section in the lower counties. The orange growers are becoming alarmed at the rapid destruction of timber, because the cutting away of timber endangers the water supply. Mr. Homans attended a conference at Santa Ana of committees representing the fruit growers of Orange, Riverside and San Diego counties, which are most seriously affected. He says that the situation was becoming acute and that something had to be done if the water supply in that region is to be saved. “There is more than one plausible plan by which the water supply may be preserved,” said Mr. Homans. “It has been urged that the legislature be asked to appropriate half of the money necessary to buy the forests surrounding the irrigated fruit lands, and the fruit growers furnish the rest, with the understanding that the forests be taken over by the state and maintained as public reserves. Under that plan the state would be getting more than an equitable return for its money, and the land owners would be remunerated through benefits derived by the preservation of water for irrigation. Another plan is for the fruit growers to buy the timber lands out- along the line. This results in our being able to sell tasteful, modern and attractive homes to the public at a figure just as low as they could build for, and then we give them the benefit of installment payments, as low in many cases as 10 per cent down and 'just like rent' payments each month. Our profits will run from $350 to $500 on each transaction, without any unfairness to the individual buyer; in fact, it is a great advantage to him, for by paying about what he would ordinarily pay for rent, for a few years, he has a home which is, owing to the rapid growth of the towns of Orange county, rapidly increasing in value." "We heard last week and reported it as a rumor, that your company proposed to enlarge its operations and extend into all the principal towns of Orange county, opening offices in Santa Ana, Orange and Fullerton, in addition to the present office in Anaheim; is this true, and if so when will the step be taken?" "The Home Investment company cannot take any direct action in a matter of this kind but the stockholders propose to organize and incorporate a new company with a charter wide enough to enable us to do business throughout the county. This company will take over the business of the Home Investment company and carry it along the same lines but with a wider and more extended scope. We expect to open offices at an early date in the four towns you mention and proceed to build modern homes wherever desired at these four points." "Do you propose to continue the headquarters of the company at Anaheim? We take it for granted that you are, in view of your recent removal to more commodious quarters at 113 Center street." "That will depend upon the people surrounding the irrigated fruit lands, and the fruit growers furnish the rest, with the understanding that the forests be taken over by the state and maintained as public reserves. Under that plan the state would be getting more than an equitable return for its money, and the land owners would be remunerated through benefits derived by the preservation of water for irrigation. 'Another plan is for the fruit-growers to buy the timber lands outright and keep them as private property. Also the legislature could pass a law to stop the cutting of the timber. 'But the plan which seems to me the most logical one is for the state and the fruit growers to each appropriate enough money to buy the necessary forests and deed them to the State.' It is understood that the proposed legislation will be urged at the next session of the legislature. HIS POINT OF ORDER After Senator Heyburn had talked himself thirsty on the agricultural bill he called for a glass of water. 'That reminds me,' said a gentleman in the gallery, "'of an incident that happened in the New York legislature. A member had been speaking on a certain bill for more than an hour, much to the discomfort of his hearers, when he called for a glass of water, and started off afresh. Another member on the other side of the chamber was on his feet in a jiffy and said: 'Mr. Speaker, I rise to a point of order.' 'State your point of order,' responded the speaker. 'Mr. Speaker,' said the objecting member, 'I make the point of order against the member from Schoharie county that it is out of order to attempt to run a windmill with water.'" BIGGEST FARM IN WORLD Located in Mexico, and Owned by Don Luis Terrazas The largest farm in the world is situated in the state of Chihuahua, in Mexico, and is the property of Don Luis Terrazas. From east to west it measures 200 miles and from north to south 150 miles, and it covers 8,000,000 acres, or 12,000 square miles of land. It would make a state of Maryland, nearly ten Rhode Islands, six Delawares, or well toward a Massachusetts and Connecticut combined. There are several other states which this Mexican farm outclasses in size, but the foregoing will suffice. On the farm the Don employs 10,000 men, to say nothing of the women and children—any one of whom, it is said, would fight for him to the bitter end, which is more than could be said of some employers on this side of the line. The "farmhouse" cost $1,600,000, and is furnished accordingly, with rooms for 500 guests. In the farm slaughter-house and packing-house last year 200,000 head of cattle and 150,000 of sheep were dressed and packed, and 600,000 tons of hay were stacked and 200,000 bushels of grain were harvested. From this principality 10,000 men and their families make a living of some sort, while one man grows mighty in inestimable wealth—a fact of which Single Taxes might make a note. It is reported that Diaz himself begins to look with suspicion on the power of Don Luis. WON A GOLD MEDAL Skipper Picks Up Crew of Shipwrecked Vessel The steamer Tocantines, a famous THE COMING PRIMARY Delegates Selected Will Hold Over for Presidential Year Do you realize, Mr. Voter, that the August primary, 1910, is to afford you your last chance to say whom you prefer to head the national ticket of your party in 1912? Such is the fact. On the 16th of August you will elect delegates to a county convention that will be held within two weeks thereafter, and you will not again elect delegates to a county convention until August, 1912, before which time the national convention of your party will have been held and your party candidates will have been nominated. The delegates whom you elect this August, to constitute your county convention, will be the delegates who will constitute the county convention to be held in April or May, 1912, for the purpose of electing delegates to the state convention of your party, which convention will elect delegates to your national convention. Under the direct primary law the county convention chosen this year will be reconvened for that purpose in April or May, 1912. Perhaps the law should have made different provision for that convention. Two years from now may have very different views in regard to presidential candidates from those they now entertain, if they now entertain any views at all, but they will not then be able to make their views effective at the polls. Their only recourse, then, will be to reason with delegates elected this year. For this reason the greatest care should be taken this year in selecting delegates to county conventions. Such delegates are, so to speak, to double business bound—California Weekly. LITTLE PRESCRIPTIONS If you feel sort of run down go immediately to one of the big skyscrapers and ask the elevator boy to run you up. If you suffer from insomnia, light your lamp and read William James on Pragmatism backward forty times without stopping. You will find it helpful. If your spirit is worn out, and you find yourself discouraged because you are down and on your uppers, go at once and have yourself resouled. If you lack confidence in yourself take a run over into Egypt, and loiter about the Sahara until you have acquired all the sand you need. If some dainty maid has thrown you down so hard as to break your heart, gather up the pieces and ask some other maid to put them together again. If you suffer from a frightful toothache, go to your dentist and let him pull your leg. This will lower the seat of the pain very materially. If your ears are frozen in an April snowstorm, do not be downcast. May will be here shortly and they will surely thaw. If you have a bad headache go out upon the highway and get into a row with a cleverer man than yourself. In the excitement of the fracas you may lose your head. If your eyelids are red and in a bad condition generally, walk down Center street and look at the pretty girls that pass you by. Some of them are peaches and cream. If your stomach goes back on you, turn around and walk the other way five miles each day and you will soon catch up with it again. If your eyes get out of focus so that you see everything double, call upon the girl of your heart and com- WON A GOLD MEDAL Skipper Picks Up Crew of Shipwrecked Vessel The steamer Tocantines, a famous vessel which ran the mined-harbor of Port Arthur to escape from the Russians, swings gracefully at her dock in Brooklyn, says a newspaper dispatch from that city, after a trip from Brazil, bringing a new tale of adventure and rescue. A gold medal won by the captain and presented by the Brazilian government, commemorates the latest achievement of the little ship—the saving of 16 fishermen off the Brazilian coast on March 22. The first of the 16 men was sighted by the lookout before dawn. He was clinging to a plank in the open sea, and was waving a weak arm to the incoming ship. A school of sharks swam all about him and his rescuers found that his legs had been badly torn by the big fish. The man had been in the water 24 hours and had eaten his last meal six days before. He had set out from Rio Janeiro with 15 companions. A squall took away their rig and left them to drift helplessly. All went crazy but this one man and he was compelled to take to the water to escape his companion’s frenzy. After hearing his story, the Tocantines cruised about for several hours, finally locating the wreck and rescuing all the fishermen. WORLD'S BIG CITIES Some interesting figures are given anent the estimated population, in 1909, of the world’s greatest cities, their recent growth and their prospective population if the present rate of growth is maintained. There are six cities of more than two million inhabitants each. These are London, with 7,452,986; New York, with 4,564,792; Paris, with 2,792,988; Chicago, with 2,224,490; Berlin, with 2,164,944; and Vienna, with 2,100,358. The average annual increase of growth in recent years has been 125,000 in New York, 119,046 in London, 58,435 in Chicago, 50,222 in Vienna, 31,199 in Berlin, and 9865 in Paris, New York heading hte different views in regard to presidential candidates from those they now entertain, if they now entertain any views at all, but they will not then be able to make their views effective at the polls. Their only recourse, then, will be to reason with delegates elected this year. For this reason the greatest care should be taken this year in selecting delegates to county conventions. Such delegates are so to speak, to double business bound.—California Weekly. AGIN THE STATE BONDS Good Roads Association Denounces Gillett's Scheme Gov. Gillett’s state highway bonding act, passed up to the people by the last legislature and which propose to bond the state for $18,000,000 to build a great system of state highways, is denounced in a report by Secretary J. M. Eddy of the California good roads association and approved by practically the entire board of directors, excepting State Engineer Ellery. Fourteen specific faults are enumerated in Eddy’s attack on the act. One paragraph says: “Perhaps it may not have occurred to the authors of this project that if the interest provision of the measure is enforceable, it is possible to tax every county of the state for fifty years’ interest, except the county of San Francisco, from which by the terms of the act itself, the authorities are stopped from constructing roadways. Other counties of the state may be called upon in the fifty years to pay over $20,000,000 interest on these bonds, besides their share of the $18,000,000 principal. But the city and county of San Francisco—the richest municipality of the state and the center of the automobile trade—through the extreme cunning of the act’s construction, is exempt from any interest burden on the bonds, while every other city in the state sustains such a proportion of the interest burden as the county in which such city is situated shares in the proposed benefits or mileage.” Another great fault enumerated is that the spending of the $18,000,000 is placed in the hands of the small department of the state government which is controlled by partisanship, whereas it should be in the hands of a commission of five named for the purpose. The provision to compensate the counties that already have built good roads is favored and the plan of following waterways and railroads is op- tive population if the present rate of growth is maintained. There are six cities of more than two million inhabitants each. These are London, with 7,452,986; New York, with 4,564,792; Paris, with 2,792,988; Chicago, with 2,224,490; Berlin, with 2,164,944, and Vienna, with 2,100,358. The average annual increase of growth in recent years has been 125,000 in New York, 119,046 in London, 58,435 in Chicago, 50,222 in Vienna, 31,199 in Berlin, and 9865 in Paris. New York heading hte list in rapidity of growth. It is curious to note the changes in the relative standing of these cities which would take place were the present rate of growth maintained for another fifty years. London would maintain the first place with a population of 13,000,000, and New York still would hold the second place with a population of 11,000,000, but Chicago would have risen to third place with a population of 5,000,000. Berlin to fourth place with 4,750,000. Vienna would have dropped to fifth place (having been passed by Berlin) with 4,750,000, and Paris would have dropped to the bottom of the list with 3,250,000. At that time, supposing that the present rate of growth is maintained, it is interesting to note that the population of New York and Chicago alone would be more than half as great as that of the entire United States in 1860, or just a century earlier. Consideration of such facts and forecasts as these emphasize the duty of Americans to improve, as rapidly as may be, their municipal conditions. Another great fault enumerated is that the spending of the $18,000,000 is placed in the hands of the small department of the state government which is controlled by partisanship, whereas it should be in the hands of a commission of five named for the purpose. The provision to compensate the counties that already have built good roads is favored and the plan of following waterways and railroads is opposed. The bill is declared to be loosely drawn and to place too much work on the state engineering department, which is already overburdened. The report says that the provision for assessing interest on the bonds to the several counties through which the highways are constructed is doubtful in law, unjust, at variance with the policy of the rest of the bill and bound to create endless trouble in its enforcement. I hear Jones, the sea captain, is in hard luck. He married a girl and she ran away from him. Yes he took her for a mate, but she was a skipper. The Wickersheim Implement Co. of Fullerton are headquarters for McCormick harvesting machinery, buckrakes, stackers, International and O.K. hay pressse, wire and scales. A complete stock of repairs and extras for every machine they sell always on hand ready to go out. AMERICAN COMMERCIAL AND OF ANAHEIM Start an account today—There may be a hole in your pocket VALENCIA ORANGE TREES We have for sale 1600 yearling Late Valencia Buds, which we purchased some time ago to set out ourselves. Having sold the land which we intended to use for this purpose, we wish to sell these trees. We doubt there is a nicer lot of trees in any nursery for sale. They are uniform, straight and perfectly clean trees, guaranteed to stand up, straight nursery run, positively the first selection. They are the very handsomest lot of trees, in fact the finest we were able to secure at any price, and we canassed the situation thoroughly before purchasing them. These trees were raised in ideal soil for the purpose, and the price of $1.50 each includes balling and f.o.b.cars. A great many of the trees will go up, and they are certainly a beautiful lot. The buds were taken from fully mature trees and splendid producers, in fact when we purchased these trees we went into all particulars, as we wished the best that money could buy. If you have any friends who could use the elegant trees we would be pleased to hear from them. WILLIAMS BROS. CO. P.S.—If interested kindly communicate with our Los Angeles or Anaheim office. CAN YOU DO ANYTHING? WE are making preparations to carry some special classes through our Shorthand and Book-keeping Departments this summer. The students taking this work are going to make a record breaking time, and if you are thinking of taking up a course in a business college you should communicate with us at once. We are going to put on just as many teachers and instructors as will be necessary to give these classes the very best work that can be obtained, and the results will be something wonderful. We can prepare you to hold any kind of a position in either of these branches, and command a salary of from $75 to $90 before the first of October. Write for our special offer. SAN BERNARDINO Business College And Civil Service Institute All kinds of street and ornamental trees, Cypress, Guavas and Ferns. Also a large stock of the leading varieties of Eucalyptus. We can furnish Palm and other ornamental trees 8 feet high, which add greatly to the value of a place as soon as planted. THE ANAHEIM EVERGREEN NURSERIES, Tim Carroll, Prop. Nurseries located 200 yds. west of West Anaheim station (S.P.R.R.) Sunset phone Main 413. READY! AIM! FIRE! Our Store YOUR BULL'S-EYE For Lightweight BicycleS Every Style and Make Headquarters for Hunting and Fishing Supplies, Hammocks, and General Sporting Goods. Repairing of all kinds. HOUTS & SON W. J. ELLIOTT L. W. BUSHARD Res. Phone Office Phone Pacific M 1921 Pacific M 1066 ORANGE COUNTY CITY and COUNTRY PROPERTY Elliott-BushardRealty Co. Property owners requested to list their land with us. We have Our Store YOUR BULL'S-EYE For Lightweight Underwear, the Kind that does not Stick to Your Body. Is Healthful, Dependable, and Comfortable. Cluett Negligee Coat Shirts. YUNGBLUTH The Haberdasher 127 W. Center Anaheim W. J. ELLIOTT L. W. BUSHARD Res. Phone Office Phone Pacific M 1921 Pacific M 1066 ORANGE COUNTY CITY and COUNTRY PROPERTY Elliott-BushardRealty Co. Property owners requested to list their land with us. We have buyers coming from different points, seeking small ranches and will be pleased to show them desirable places Center St., East of A. U. W. Co ANAHEIM, Orange Co., CALIF ELECTION NOTICE. SPECIAL SCHOOL TAX. Notice is hereby given to the qualified electors of Magnolia School District, County of Orange, State of California, that an election will be held on the 11th day of June, A. D. 1910, at which will be submitted the question of voting a tax to furnish additional school facilities (to provide a place for a library and to finish second floor or story of school house). It will be necessary to raise for this purpose the sum of $1000. The polls will be open at Magnolia School House from nine o'clock a.m. until one o'clock p.m. The officers appointed to conduct the election are: George Lenz, Inspector W. K. Dickinson, Judge. Thomas McGuire, Judge. E B. Murphy, SAMUEL D. WINTERS: L. W. RAINS, School Trustees, Magnolia School District. REAL AND SAVINGS BANK ANAHEIM Money to Loan On Real Estate