The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1896-04-17
ASTORIA HAS
AN OPPORTUNITY
Now Is the Time to Arrange FER
manent Street Grades for
Large City.
now INVESTORS SEE MATTERS
Citys kemedy Simple 0ne- lneofporats
lsdsf Gshsrai lev Capitalists kill
Come 60 Columbia. bat flayel
Ma, Gst tho Best Of IT,

Ma, Ge, the Best Of Il.
Eyey buHineHS man In familiar with
tho great insurance ana trust companies
Of the East. and their methods OF making.
investments The New England Life In
uurancc Company the Massachusetts,
iIfe. the New York Life. the New York
Mutual. the Equitable Trust Company.
the Fidelity. ana the Philadelphia Trust
Company. Of Philadelphia. ara household
words These great corporations have In
their possession the savings VI millions
OF workingmcn and the estates II de-
creased people which they manage In
trust besides tho deposits made for safe
Keeping. and the funds received from
premiums on life insurance policies.
which some day must bc pg'd out when
those policies maturs. These companies
act aH executors. administrators. trus-
trca, guardians. aHsignvcH. recelycra UT
committees In thc handling Of all sorts OF
trust funds and the execution VI Wills
and the administration u estAtca From
the very natgrr Of their buHincAs Il II
Imperative that the iargc funds IN their
possession be- Invested In money earning
securities which arv absolutely safe. To
this end thrBe companies have In their
constant employ a force Of high-salaricd
officials. legal advisers and special agents
who devote their entire time to these
special departments and not only add
the benefit OF their own lifelong cape
riancr. but they utilize the experience
for agvs past In the same lines OF buSi-
ness conducted by European institutions,
FORMER INVESTMENTS
Twenty years ago the eastern trust
and Insurance companies Invested their
funds. both trust funds and surplus
'carpings. ln railway socks and bonds.
The building OF the great steel Highways
across the continent. the profitable earn
lngs made by these transportauon com
panicS when times Were good and when
railroads we're permitted TO make a pro-
hl. found the nrld safe and paying
one. hut OF recent years. since ltglsla-
tors have deemed II advisable 10 cut
down and hem IN the railroads ty linz
ltlng their earning capacities and sub
jrcting them TO all manner Of granger
legislation, the investing trust companies
and large insurance corporations have
been compelled to seek other nclds in
which TO place their funds. Such adj
verse legislation and demagogical at
IAcks upon corporations produced such
nuctuation In values that no one was
safe in putting money into their bonds
or stocks,
PRESENT METHODS
Consequently. and in Keeping with the
great trusts imposed In their hands and
the confidence placed In them by myriads
OF people, insurance companies and trust
Institutions. In seeking for other and
safer fields for Investment at home, have
within the past few years, been placing
large sums OF money into realty Even
cuia sorry investigation made In the prin-
ripal cities OF the middle west and the
Pacific slope. viii evidence this fact TO
the most skrptical. In Kansas city, "A
twelve-story. hrown-stone front business
block In the heart OF the city. belongs
TO the New York life Insurance Com
pahy. In Omaha similar structure,
erected about the same time on ilarney
street. II a monument TO the foresight
and business Judgment OF the officers OF
that same insurance company. In ST.
Paul that company also owns one OF the
magnificent modern office palaces, The
New England Life Insurance Company
owns several similar structures In Mis-
souri, river cities. Spokane. Seattle and
Tacoma. are largely built upon capital
furnished by these great trust companies.
In Portland. Oregon, they have large
sums invested In beautiful business
blocks The magnificent Oregonian
Al, Vsap
built upon money loaned by some OF
these companies.
The business Of insurance companies
and trust companies is not speculative
one The funds az their command are
trust funds In the highest sense. repre-
senting In many cases the maintenance
and living OF the widow and the or
phan These funds must he invested
In safe securities where they will bring
only fair interest upon the principal.
Safety Is the wntchword OF each and all
OF them. Before investing even COM
partiVcly small amount In any commu-
nifty. the special agents and legal ad-
vlsers OF the company first make rigid
examination not only as TO he titles of
property. but the climate, natural re-
sources. general class and character OF
people; the tendency to strikes. riots, and
commercial disturbances; state, county
and municlual laws; city charter; and
method OF government. In each Instance
II all these affairs are not found to be In
first-class shape, of any flaws,
however slight appearing on the surface,
are discovered which might depreciate
the value OF the securities upon which
loans or Investments are demanded,
whatever the Inducements OF present
gain, all such applications are declined
with thanks.
Where the Insurance and trust COM
panles invest. others follow
AsToRIA's ATTRACTIONS,
Astoria IL a city peculiarly situated
Peculiar, because OF its unequalled sit
uation commercially. the plcturesqueness
OF its surroundings. the unrivalled beau
ty OF the great river ceaslessly flowing
past its DOORS peculiar because of the
wonderful prosperity lying In the near fu-
ture for It's citizens and II Is also pc
culiar because OF some OF the old-fashloH-
ed and bygone methods still In vogue in
Its internal government and local leg
lslatlon. II might also be said to be
peculiar because It is situated partly on
land and partly on water II has been
rightly called the Venice OF America.
Astoria, as has been frequently said.
In these columns. is about to see the de-
velopment OF its great resources, and the
bringing into use OF the wonderful nat
uIal products Of the territory surround
ing II. But can she hope to ever be-
come n city In the true sense of the