The new Northwest. [volume] (Portland, Or.) 1871-1887, 1880-07-01
PORTLAND CITY HOMESTEAD.

The land in this enterprise lies adjoining the
city, and is only from ten 10 fifteen minutes
walk from the Court House, and a less distance
than that from one OF the best public schools
IN the city. II Is divided into
ONE THOUSAND AND TwENrY-FoUR LOIS,
Fifty by one hundred feet in size, with streets
sixty feet wide. Two hundred OF these lots
Will be reserved for those who desire TO inn
prove and build this Summer and Fall. These
lots Will be sold on the same libera! terms
that are offered in the Homestead proper
PRICE.
All lots will be sold for $4,000 each, PAYABLE
In insiallments OF $500 per month, or the email
sum Of 1875 cents per day. No interest will be
charged, and a good and sufficient Bond for
Deed Will be given upon the payment Of the
hrst installment OF 500, and Warranty Deed
upon receipt OF last installment, both without
expense 70 purchaser.
To PURCHASERS.
Those not finding IL convenient to make their
payments when due, will be granted twenty
days grace in which TO make such payments,
as Il is desirable that all shall have every pos
sl6le opportunity tr keep up their payments.
Those desiring to make full payment at the
time the Boyd is issued, will be entitled 10 a
reduction OF $1,000 on each lot, or $500 on each
5000 paid In. As the
ROAD TO WEALTH
Is the most certain and rapid through real es-
tate investments, this enterprise offers far
more inducements 10 the public than any
other on the coast at this time ,as the price and
payments are within the reach OF all Do NOT
let this chance pass. Buy lot, build, and
who live In rented houses pay more every year
for rent than would purchase a lot and build
roof over your head. You then would be indie
pendent OF exacting landlords, and in truth
have place to call "hOme."
DON'T FORGET
That not many years ago some OF the best lots
I'm san Francisco were sold for an ounce OF
gold dust, and that now they could not be
bought for $4,000. Also, remember that in
Chicago some OF the best business lots were
once traded for pair Of old boots. How often
is the remark made by old residents OF Port
land that once they could have bought lots for
Sl0O that $1,000 would not buy now. II Is not
wise TO "despise the day OF small things"
A wARSING.
Do not take the advice OF those who croak
against the prosperity Of the city In which they
reside, or cry down an enterprise which has
for its object the development OF the country.
They will tell you not 10 invest, as some dis
tant locality offers superior inducements, and
that they intend going there as soon as they
get means enough ahead. II such persons
have not energy and Judgment enough 20 sue
ceed in a thriving community like this, surely
their talk about accomplishing wOndrOus re-
suits elsewhere would seem 10 amount 70 moth
ing more than the silliest air-castle building.
II they were In the Garden OF Eden, surrounded
by all the luxuries OF that famous land, with
breezes from Araby the blest to fan their ach-
ing brows, still they would be the same rest
less, discontented, unhappy, dyspeptic, hypo-
incorrigible creatures that they
now are. Nothing can be done with such indi-
Nlduals. Their disease is chronic, their cases
are hopeless, and the best that can be done is
70 shed the sympathetic tear over them, and
abandon them to their mOurnful fate as being
beyond the reach OF human skill.
APPRECIATION OF VALUES.
By reference to the "Orego. ian" OF February
9th, Il Will be found that city property has ad-
vanced twenty-five per cent during the past
year As there has been no excitement the
rise Is wholly attributable 10 the Increasing
immigration and the growing confidence in
eplred by our numerous railroad enterprlses
and the development OF our many natural re-
sources, that have hitherto slumbered for want
OF energetic men 70 develop them.
IT Is TRUE,
That OF all real estate Investments the home
stead plan Is the best and safest, as All VINO in
vest are interested in making the whole prop
eriy more valuable. To illustrate. Suppose A |
bullds a house on his lot, and b owns a lot ad- |
Joining; B gets the benefit Of AS iunprovennenf
while IS not injured thereby. This phIIoso.
phy VIII apply 10 the entire property
We have donated lot 10 each OF the princi- /
pal churches for church purposes.
ID ADDITION 70 the above, two lots are set i
apart for public school purposes.
DIVISION.
The division Of this property will take place /
when the lots are all sold, or in any event, not
2Sth of February. 1851,
At the Mechanics Pavilion, commencing at 10 /
O'Clock A. NJ, public notice OF which will be \
given by publication in two principal journals 4
decided upon by majority OF the PURCHASERS /
IN the Homestead Parties Interested may ap-
point proxies 10 act for them II they desire TO \
10 "a. Parties who do not attend at the time
will be bound by the plan settled upon by the /
majority OF those who do 50 attend.
IL Is suggested by the purchasers that digis-
ION might be made BY placing the number Of