The new Northwest. [volume] (Portland, Or.) 1871-1887, 1880-06-03
PORTLAND CITY HOMESTEAD.

The land in this enterprise lies adjoining the
city, and is only from ten TO fifteen minutes
walk from the Court House, and less distance
than that from one OF the best public schools
In the city. II is divided into
ONE THOUSAND AND TwENTY-FoUR LOTS,
Fifty by one hundred feet in size, with streets
sixty feet wide. Two hundred Of these lots
viii be reserved for those who desire TO inn
prove and build this Summer aud Fall These
lots VIII be sold on the same liberal terms
that are offered in the Homestead proper.
PRICE
All lots will be sold for $1,000 each, payable
In lnsiallmenis OF $500 per month, or the small
sum Of l6is cents per day. No interest will be
charged, and good and sufficient Bond for
Deed viii be given upon the payment OF the
nrsi install ment OF s9-uO, and warranty Deed
upon receipt Of last installment, both without
expense 10 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 10 Is desirable that all shall have every pos
si1le opportunity tr keep up their payments.
Those desiring TO make full payment at the
time the Bond Is issued, will be entitled to "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 TO the public than any
other on the coast ut this time, as the price and
payments are within the reach OF all. Do moi
let this chance pass. Buy a lot, build, and
make yourself Independent. Many OF you
who live in rented houses pay more every year
rooi over your mead You then would be indie
pendent of exacting landlords, and in truth
have a place 10 call "hOme."
DON'T FORGET
That not many years ago some OF the best lots
IN san Francisco were sold for an ounce Of
gold dust, and that now they could not be
bought for sl00QO0 Also, remember that in
Chicago some of the best business lots were
traded "A nniF al p1h honfg Trrr- ,ffn
is the remark made by old residents OF Port
land that once they could have bought lots for
slcJ that s1,00O would not buy now. II is not
wise 10 "despise the day OF small things.p
a wARNING.
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 TO invest, as some dis
tant locality offers superior Inducements, and
that they intend going there as soon as they
have not energy and judgment enough 10 sue
coed in thriving community like this, surely
their talk about accomplishing wondrOus re-
suits elsewhere would seem 10 amount 10 moth
ing more than the siilieSt air-castle building
II they were in the Garden OF Eden, surrounded
by all the Injuries OF that famous land, with
angels 10 do their bidding, and the aromatic
breezes nom Araby the hlest 10 fan their ach-
ing brOws, still they would be the same rest
less, discontinued, unhappy, dyspeptic, hypO-
chondriacal, incOrigible creatures that they
now are. Nothing can be done with such indi-
NAuAAlt. lnelE disease is chronic, their
are hopeless, aud the best that can be done is
10 shed the sympathetic tear over them, and
abandon them 10 their mOurnful fate, as being
beyond the reach OF human skill.
APPRECIATION OF VALUES.
BY reference TO the "Orego lam OF February
5th, IL will be found that city property has adj
vanced twenty-five per cent during the past
year. As there has been no excitement, the
rise is wholly attributable TO the Increasing
immigration and the growing confidence in
spired by our numerous railroad enterprises,
and the development OF our many natural
sources, that have hitherto slumbered for want
Of energetic men to develop them
IT Is TRUE,
that or 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
builds a house on his lot, and Il owns lot ad-
Joining; 3 gets the benefit OF AS improvement,
while Is not Injured thereby. This philosO-
ply will apply 10 the entire property.
We have donated a lot 10 each OF the princi-
pal churches for church purposes.
In addition to the above, two lots are set
apart Tor public school purposes.
DIVISION.
The division OF this property will take place
when the lots are all soidY or, In any event, not
later than the
2Sth Of February, ISSI.
At the Mechanics Pavilion, commencing al 10
O'Clock A. NJ. public notice Of which will be
given BY publication In two principal Journals
decided upon by majority Of the purchasers
in the Homestead. Parties interested may ap-
point proxies TO act for them II they desire to
do 50. Parties who do not attend at the time
OF the division, either in person or by proxy,
will be bound by the plan settled upon by the
majority OF those who do 50 attend.
IL Is suggested by the purchasers that divis-
ion might be made by placing the number OF