Daily capital journal. (Salem, Oregon) 1903-1919, 1912-06-08

COMPAN
COMES HERE
NEW REAL ESTATE COMPANY
WITH METHODS OF ITS OWN
WILL LOCATE HERE-LOANS
MONEY AND BUILDS HOUSES,
WHICH CAN BE PAID FOR ON
INSTALLMENT PLAN.

Chapin-Herlow Mortgage and Trust
company of Portland has decided to
locate branch office in Salem. This
company has been doing business in
Portland for the past six years, and
is the largest real estate company
there Their representative, j. w.
Gaskill, has been in the city for the
past two weeks, and 1t was largely
through his representations that the
company has decided to open an office
here. Their method of doing busi-
ness is on the cooperative basis, and
1t is within this method that the
strength of the company lies.
The business Of the company is
general real estate, making loans on
city and farm property and building
homes on the monthly payment plan.
The capitalization of the company is
$25O,0O0 and its monthly real estate
business amounts to from $350,O00 to
100000. A 100000 series of per
cent participative bonds has been is
sued and is being taken up by the
most conservative investors, hmong
whom are number of Salem citizens.
A governing board of seven of the
most representative local men will be
chosen, who will advise the company
on all loans which 1t makes. In 9TH
er words these men will be a local
board Of directors for the company,
which will spend $500 for every dol
lar invested by Salem citizens.
1t will be great advantage to Sa-
lem to have such concern doing bus
mess here, as 1t will offer advantages
for building to many people who could
not put up homes otherwise.
An innovation which has been car
ried out by this company is the pub
lication of a monthly magazine called
"Upbuilding Portland's Empire" In
this magazine is given free each
month an extensive write-up of some
county, together with much valuable
information in regard to industries
and resources of the section to which
the article refers
The July issue will be devoted en-
tirely to Marion county.
The following is partial list of the
personnel of this company. They are
men chosen from every walk of life
and fully capable of handling the
business.
WILLARD H, CHAPLIN, eX-president
Portland Realty Board, president
member of executive committee; mem.
ber board OF directors.
ERNEST G. HERLOW, formerly
secretaryltreasure Chaplow Invest
ment company, secretary.treasurcri
member of executive committee, mem
ber board of directors.
Il. w. LANGD0N, eX-president Eiist
National Bank, Albany: first vice.
president; member of executive com
miltoe, manager mortgage and trus
department
ALBA r MORGAN, grandson u
Edward Morgan, Oregon pioneer, sec
ond president, member of boart
Of directors, manager farm land de
partment
RICHARD L, DURHAM, presiden
Merchants National Bank, of Port
land, member Of board Of directors.
EBEN MOUNCE, ex-member STATE
legislature Idaho, expert on emf
grafton, member of board of directors
manager colonization.
WALTER P. LAR0CHE, legal ad
wiser, Of Schnable & Larouche, Cham
ber Of Commerce.
ALBERT S. BIBBINS, banker a
Boise Idaho, expert in central bust
ness property, manager Portland
down town property
ARNOLD KELLER, honorary mem
ber Portland Retail Grocers' assocla
tlon manager mercantile investments
w. Il PRUDH0MME, member 0
, Glass & Prudhomme, bookbinders ant
stationers, Portland.
w. w. MEYERS, capitalist, orego!
City.
+ c. W, REDMOND, capitalist, Hills
! boro.
]. II. COOK. JOHN BRADLEY
/, JOHN r. PEARSON, millionaire tim
: bermen, Portland.
The immense success of the com
, pany Is due to the fact that It doe
business on cooperative basis will
. the people where It operates, Mr. ]
, w. Gaskill will manage The company
, affairs at Salem.