davidaulloa/AmericanStories huggingface dataset:
Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1914-01-28
CHAPTER XXI,
Checkmate!

n 1STHONY had no partner FOR
Al the eighth dance and was
-S17F very glad of IT, for he could
9J not have carried of the nee
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21
VARIANCE OF VALUES.
DUE TO POPULARITY
Conclusion Reached by William E.
Harmon Concerning City
Real Estate.

The question has often been asked why
parcels OF property of approximately
equal worth in different cities, improved
with buildings similar in character and
cost, and showing net rental returns of
the same amounts, should vary in value
to so great an extent. Rea. estate values
in different cities and their causes were
discussed recently by William u. Har-
mon. New York operator. who has made
study of land conditions in many of the
leading cities. throughout the country, ac-
cordinS to building agents.
The question. as stated above is one,
Mr.. Harmon admitted, which has puzzled
him many times. and his final conclusion
is that popularity rather than population
Is the element that determines real estate
values and outweighs many other facts
that would naturally seem to be intrin-
sically more important.
IF piece of property in New York
city said Mr.. Harmon, that produced
net income of $1,000. and in all regards
conformed to the requirements of the
neighborhood, would sell for 100000 the
same property in Chicago would in all
likelihood. approximate d selling price of
$4,000. In Boston its value would be
SlUtC0, in Cincinnati and st. Louis some
where near S12o,O00. in Toledo and Min
eapoliS. probably not more than $4,000:
in Houston, Tex, and New Orleans it
would go higher. maybe $4,000; in
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21
Jones" Case Typical.

Take the case Of Jones. For ten years,
throughout the period of his married life,
the Jones family had dreamed hazily OF
their own. But every time Jones pulled
out his Checkhook and struck off his bal
ance that day seemed farther off Then
one sunday Jones and his wife passed by
the very house that they had always ad-
mircd most; a for sale sign protruGCd
from the lawn.
81 to buy that house. OF course, he
didn't tell Mrs. Jones about il; with no
money in the bank her answer might
not have been kind. But the next day
he was downtown a little earlier than
Soal- That same afternoon he bought
nat house and presented the key to his
IS te, | shan't tell you what happened
.-t.rr that; domestic scenes are private
fairs. But l Will tell you how Jones
ought that house.
The whole thing was simple enough
Vt $50 on that particular Monday morn
ing Jones sought out q building and loan
association that he knew to be reliable
He laid the proposito on before them,
gave his references and proved his credit
to their satisfaction. At 1880 a repre-
sentative of the association inspected the
property with Jones. At s.. 100, the price
at which it was held. the house was Il
decided bargain, sure enough. Jones
himself was all right Therefore at =
o'clock that same afternoon the loan as
sociation bought the property for Jones,
or more properly he bought il with
money they loaned. That se-tled the
transaction-the house belonged to Jones'
He owed, it is true, -S2.1CO on the
house. But this was paid back by him
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21

Portland, Ore, and Seattle. it would drop
somewhere near $1,000 Obviously, these
figures are only approximations, but they
are, nevertheless. not far from the truth
and indicate 4 tremendous difference in
real estate values based upon some con-
sideration besides the income return.
One OF the most important factors in
influencing prices is anticipation. Real
estate investors not only look to the pres
ent income but also the prospective value
based on the growth of the city or the
neighborhood, and at first thought this
factor would seem the most important
one influencing values in cities that in
crease in population at different rates
If. however. one will take pains to study
the character and the growth of the
cities in which these prices are quoted
it will be seen that anticipation of future
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21

values is not so important as might be
expected, from the fact that the highest
prices or values are in cities Of the slow
est growth-Boston, st. Louis. Cincinnati
and New Orleans.
city land values in Houston. Tex, are
high because local capital seeks invest
, ment in real estate instead of mortgages
stocks and bonds. The laws of the state
of Texas bear hard on the lender in any
security market and the mortgage mar
ket is full of pitfalls. Thus, there is a
great deal of surplus of capital compare
lively speaking, for real estate invest
ment.
Cincinnati and ST. Louis are largely
made up of German population, who are
proverbial lovers of real estate In either
city it is difficult to find a first-ciass
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21

ton under this plan s1.44o or less in
twelve years for a loan of $1,000 If, on
the other hand. it had been a straight
loan at 6 per cent. you would have to
pay back Loo. plus ST20 interest, or
Sl,12O. That is to say, you would pay on
your four-thousan,1-dola house $3.50 or
less to the association. whereas on a
straight loan it would have reached $3.50
Consequently. at the rate of $40 a month
Wnlcn would have been moderate rent for
the same house, you have saved in inter
est Sl'l5-and you have been occupying
the house all the time.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21

properly improved real estate Investment
that pays over Az per cent.
II have tried for twenty years to ma
improved property at attractive prices IN
these two cities and others of the same
type with success. What is the rea-
son? 1t is because income-producing land
is favored above all other investments
and because there is great deal of sur
plus wealth in these communities. 1ncre-
ment is reduced to minimum in these
slow-growing cities, but surplus capital
becomes the fulcrum that raises prices.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21

from 4tufus H. Baker and Sherman L.
Burroughs. executors and trustees under
the will of Henry NJ. Baker. to Michael
Holzbeierlein. The consideration is stated
at $4,000. The property has a total
frontage of about g. feet and is improved
by small frame structures.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21
TELLS VARIOUS WAYS
OF PURCHASING HOME
Writer Says 100000 Persons Are
Putting Rent Money
Into Houses.

Ii is a fairly safe proposition that, If
YOU are the average sort of person. your
ultimate aim is to own home. More
over, it is more than likely that YOU have
already cast longing chances toward the
time when your capital is a such 4 figure
that you can carry out your plans, says
VIII Corbin IL Opportunity. Even at this
minute it is possible that YOU have a
few rough sketches slowed away in some
corner of your desk that represent the
ideal you have in mind. Bat meantime
That one great day seems = long way off.
Why?
Forty-siX per cent Of the people Of the
United States own their own homes. They
have been doing what you can do. The
-reat majority have been no better able
10 build than you; their income and their
savings have been no greater. At Sl0 u
month, and even as low as 10 cents a
week. these people have been putting up
the homes in which they live today. Out
Of their rent money; out OF their pin
money and their cigar money their dwell
ing houses have been built.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21

at the rate of 500 month. the rent he
had been paying. And eventually-with-
out the least drain on the Jones revenue
that loan was paid off. 1t took a good
many years. of course. But in the end
Jones had the house, and the landlord
didn't have his rent.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21
The CRATER.
From Judge

Ryan-Has he a trade or n profession?
Bryan-Neither. He has "A cinch. He
makes money without working.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21
Rate Is Reduced.

1t became necessary. therefore, to ere
ate what is known as the diminishing
interest plan. In the first twelve months
under this system you have made say
ing of S170 per $1,000. or $3.50 on Your
whole $1,000 loan. and the rate of Interest
is consequently reduced from 6 to IS per
cent. Therefore, though you continue te
pay $40. you are diminishing through
your credit the total number of months
during which you will have to pay.
In addition, as a member of the ssso-
citation you will receive a further benefit
through the fact that you are entitled to
and receive-your pro rata share of the
profits of the association. This, of course,
once more decreases the total number OF
months YOU will have to pay in which to
clear your loan-the result being that il
is calculated that In little less than
twelve years the actual rate of interest
will have fallen very low, often to less
than 50 per cent.
In round figures You pay to the associa-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21
BUYS Wide Frontage.

A deed has been placed on record
transferring the ownership of the prem
Uses 1S.7 to 1925 It'll street northwest
Evening star. [volume] (Washington, D.C.) 1854-1972, 1914-03-21
100000 Buying Homes.

Today, under variations of this plan,
2,000N0 persons in the United States are
putting their rent money into homes. And
this is the way it works out: We shall
say that You want to build a five-thou-
sand-dollar home. K need not cost that
much, of course. for the. plan works out
the same at any figure you care to state.
But for this purpose We shall use the
hve-thousand-dollar basis.
You can go to work and purchase 4
one-thousand-dollar lot. You decide to
house. Then, having gone this far, you
join a well managed, reliable co-operativc
building and loan association. 1t De
mands, for Your mutual protection, an
appraisal of the property. search of title
and guarantee OF deed. That will cost
you under 500. Now. YOU are ready to
build. Several plans are open to you.
The most usual of these is that Whereby
the load association lends money IN UNITS
OF 5000. which are known as shares. These
shares you purchase under condition that
YOU pay on each share 80 a month. You
can buy as many Of them as you Ike II
your credit is good Consequently we
shall say that you have purchased twenty
shares; that the full $1,000 has been Dor
rowed in this way.
At the end of one year, WORKING on TINS
basis, you have paid out S2i on each
share. OF this sum one-haf. or ST.. Is
interest at per cent on your loan, "nlie
the other half is credited against the
principal. In all. however. with your
twenty shares. you are paying out $40 a
month-$4s0 a year, $40 of which goes
toward reducing your principal and S2fo
of which is interest on your loan
At that rate it is clear that 1t would
take you over sixteen years to pay off
the principal. Consequently there Is an
other side to the deal. To be entirely
square with you. it is necessary that you
be allowed the advantage of the payments
YOU are making on the principal each
month At the end of the first month. for
example. after YOU have paid your SO
interest and your $50 principal, it is OBJ
vious that you are in theory paying for
the next month interest on but $3.50 or
at the rate of S4.9S per $1,000 instead Oh
81. Again. the next month this is re-
duCed to 81 90 per $1,000 and SO on
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
GEORGE WiNGFIElD OUT
OF LEGISLATIVE RACE

According to the Reno Gazette Geo.
Wingfleld has withdrawn as a Republi
can candidate for state senator from
Washoe county and gives the fol-
lowing reasons for his actions:
This action is prompted by i'm
portant business engagements that
were not anticipated at the time l
announced my candidacy 1t is like
ly l will be obliged to be out of the
state five or six weeks and probably
longer during hte next six months
Under the circumstance l decided to
withdraw from the primary race but
in doing so would like to have all my
friends give their heartiest support
to Richard H. Cowles who fully de-
serves the position and who enter
tains practically the same ideas on
important matters and probable leg
4 islation as | do myself"
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
SUPREME COURT
RENDERS DECISION

The supreme court of Nevada has
rendered a decision in the case OF
Scott VS.. Day-Bristol Consolidated
Mining company in which the judg-
ment of the lower court is reversed.
The suit involved title to the lnman
lode mining claim at Bristol
The opinion, written by Justice
Norcross ard concurred in by other
members of the court was whether a
foreign corporation which has not
complied with the laws of the state
and which by statute was denied the
right to prosecute or defend an ac'
ton instituted against 1t involving
the question Of quieting title to prop
erty.
The court held that plaintiff
could not sue such corporation di
rectly taking it into court undel
process and then after it is in cour
claim it has no right to defend. b!
suing the company directly the plain
tiff is held to waive right to claim
incapacity to defend.
This is the first time this question
has been determined by any court
The question of the right of delin
quent corporations to prosecute al
action has arisen in numerous cases
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
Ballots Ready To Be
Conveyed To Precincts

The job printing department of the
Record has delivered to County Clerk
Cu'verwel the sample ballots for the
primary election. The ballot is by
far the sma lest issued for any cleo
tion ever held in the county, owing
to the absence of contests for nom
nations. The new primary law pro-
vides that where there are no ICON
tests the names of candidates shall
not appear, which accounts for the
short ba lots this year There will
be no Progressive or Socialist bal
'ots cast at the primary, there being
no cont SITS for state, district, coun
ty or township offices.
On tn Republican ticket there
are contests for representative in
- congress, s. cretary of state, inspect
or of mines and long term county
commissioner. Only nine names ap
pear on the balloT.
On the Democ1.tic ticket there are
cont SITS for representative in con
gress, governor, liautenant-governor
justice CT the supreme court, super
intendent of public instruction, clerf
of the supreme court, inspector o
mines, district judge and sheriff ant
assessor This ballot will bear thu
names of 23 candidates in all
The official ba lots were printed
yesterday and will be in the hands
of the county clerk today for distri
Ttion with the ballot boxes and sup
plies to the various voting precinct
OF the county by Sheriff RonnCw dur
Ing the coming week.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
Receivers Sale Of
D9yBriStO| Properties

1t has been learned that the Mer-
chants bank of Salt Lake has made
application to Judge Taber for q
hearing to show cause why there
should not be receivers sale of the
properties Of the Day-Bristol Consol-
idated Mining company. The Mer-
chants bank is one of the principal
creditors Of the mining company
The Day Bristol company has debts
aggregating about $4,000 and 1t ap-
pears that the sale of the property
is the only way left to straighten out
the financial affairs Of the company.
1t is hoped that something will be
done so that the mines can be placed
In operation again at the earliest pos
sible date.
Judge Taber in telegram to Re-
ceiver Freudenthal states that Sep
iember 9th has been set as the date
for the hearing In Phoebe.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
NMALGAMTED COMPANY
SHIPS HIGH GRADE ORE

Work has been progressing with
good deal of vigor at the properties o
the Amalgamated Phoebe Mines 4
Shelters corporation during the past
week. Operations were resumed on
the l4OO-foot level last Saturday and
the hosting of ore from that part of
the mine is now going on. About $50
gallons per minute from the lower
workings Is being raised from the
lower levels, the pumps elevating it
to the surface about one-third of the
time, while the balance of the time
is consumed in diverting it to the
twelfth level where 1t finds an out
let in the fissures of Meadow Valley
No. mine.
At the present time the company Is
mining about 300 tons of ore per
week. 80 tons of which Is of high
grade shipping material; the balance
going to the milling dumps.
The recnte rise in the price of zinc
works materially to the benefit Of the
company. 1t is understood that the
last car of ore shipped from the 140O
level averaged about SO ounces in
silver TO tie ton.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
NEVADA AT LAST HAS
A DEPENDABLE MAP

Through the courtesy of Senator
Newlands the newspapers public Of
fices and hundreds of individuals
have been furnished with a new wall
map of Nevada, 30x42 in size.
The map is the product of the de-
partment of the interior, whose en-
gine r, pographists and draughts-
men have been working on it for the
past two or three years, with the re-
su'tthat it is undoubtedly the best
map Of Nevada that has ever been
issued
George Syphus, one of Panaca' s
well known citizens, was in the city
last Tuesday with load OF vegeta-
bles
All the new towns, mining camps
and railroads are correctly indicat
ed and in the lower corner the towns
of Reno, Carson. Winnemucca. Elko
Ely Tonopah and Goldfield and Col
umbia are shown and laid off il
blocks, with an index giving the loca
tions of public buildings and othe
other points of interest. In all it |
the most comprehensive map of tn
a most comprehensive map of tn
state.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
Democratic Candidate Court


As shall be unable visit primary
Of
candidacy the upreme
CT "a the
upbulding of a whole
entirely harmony
things
other candida
public
alike and fer ses
is
sacrifice the struggle silver
deemed absolutely
Had successful
position Of the combined
In this connection be
Railroad commission ITSELF OF which chairman,
posed Cf Western
impartialy section OF the state
of be
ing the line promotion,
la orors pubic life therefore kindly
Respectfully
F.. BARTlNE
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
NEVADA HORSES ARE
WORTH $500 EACH

The Nevada horse is now worth
$500 per head, according to a re-
port just issued by the United States
Department of Agriculture. while
year ago his average value was $S7.
There are 10000 horses on the
farms of this state and they are val
ued at $5,92S 900.
In 1910 the number Of horses in
this state was $4,000 and had an ag-
gregate value of $5,304 .00e.
In the entire United States there
are 2O,962,000 horses and they are
worth S2291 $685. 900 or $I09.32 each.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
VISITOR FROM HONOLULU
Jake Johnson Enjoys Meeting Sister
Alter Many Years Apart

Jake Johnson and fami y went TO
Caliente Wednesday afternoon TO
meet Mr.. Johnson's sister, whom he
had net seen for over twelve years
and who was on her way home TO
Honolulu, HI, where she is the pro-
prietress cf a popular hotel Mr..
Johnson persuaded her to come to
Phoebe and spend day notwithstand
ing that her time was limited to
reach San Francisco before the sail
ing date of the vessel upon which
she had secured reservations. Miss
Lena Johnson accompanied her aunt
on her homeward trip; they hav-
ing left Thursday afternoon Miss
Johnson will remain in the Hawaiian
islands for an indefinite period.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
PANACA NEWS
Local Happenings OF Week in the
High School Town

PANACA, New, Aug, 21-The Mis-
ses Anna Wadsworth, Verna and Et-
ia Syphus, Dora Wadsworth, and Ar
lie Higgins, Amos Phillips, Wlford
Heaps, Earl Mathews and Allen Wads
worth returned Wednesday from a
camping trip, going to Enterprise,
Beaver Dams, Barclay and other
places. They were gone about a
week. Everyone enjoyen the trip
very much.
Mrs. o. X Adeock came up from
Ca'iente Thursday to spend a few
days with her mother, Mrs. NJ Wads-
worth
Mrs. H. B Redford came down from
Hepburn, Idaho. Thursday to spenC
a few days with relatives. and friends
here
MI. .andMrs E. Ronnow and chill
dren returned from Enterprise a few
days ago after visit Of two or thrt
weeks with Mr.. and Mrs. Marion
Lauh
Mrs. George Edwards and younge
chi dren went over to Terry's rancl
/ Sunday to spend few days with he
/ sister, Mrs. Thos. Terry
| Mr. and Mrs. Samuel B Wells cf S
Thomas, New, We're here last Sunda
as home missionaries. Their visl
was appreciated very much by tn
lanaca people.
Mrs. A. Henderson will IT
return Mrs. A. Henderson will re
turn to her home in Las Vegas today
She has been visiting with he
mother and other relatives here u
about a month.
Mrs Henry Math ws and sln, Eal
went to Caliente Thursday, the la
ter to receive medical aid.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
CAIlENTE ANGLERS
Harry underhi'I and Lew Sherwood
Out for Festive Trout

H. w. Underhill, the well known
Caliente business man, and Lewis
Sherwood, also of Caliente, were
in the city Thursday long enough for
Johnny Ewing to fix a disabled wheel
on the vehicle which they have been
riding in for the past week. They
bod been over 1T Fut0rnri"e. Irt''
where it was reported that they woult
find some good fishing-but fish were
scarce and they decided to move on
to fields more inviting to the angler.
Hence, they came across to Phoebe
and thence on to Baker creek. They
expect to rsmain there until day OF
so before the primary election; aim
ing to get back just in time to vote
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
AVERAGE WAGE OF
NEVADA FARM HANDS

The farm laborers of Nevada work
on an average of 9 hours and II min
utes per day, according to a report
which has just been issued by the
United States Department of Agri-
culture, The Nevada farms employ
nearly 1000 laborers and the average
monthly compensation is $3970 with
board and $3.50 if the laborer boards
himself. Few states pay higher farm
wages than Nevada.
The average wage for farm labor
in Continental United States Is ~i3..
50 Per month with board and $19.97
without board.
The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1914-08-22
STATE NEWS
Orders New Trial

Orders New Trial
The supreme court has ordered a
new trial in the case of Bert Scott,
who was recently convicted of first
degree murder for the killing of Ben
Swago, following quarrel in Sa-
loon at Rochester. The court held
that the evidence did not justly a
verdict in the first degree.
Sugar Factory May Run
The Churchill County Eagle reports
the receipt CT a telegram from G.. II.
Hawley of Bay City. Mich, by |. II.
Kent. receiver of the Nevada Sugar
company, directing that no sugar beet
seed from the big supply on hand be
sold at any price and that sugar be
sold only at the full advance The
telegram says ii is expected the fac
tory will be financed properly and run
in good shape next season.
Convicted cf Crime
Rodger Clapp, Southen Pacific
engineer, who shot and killed Yard
master Taylor at Truckee recently
was found guilty CT mansaughter by
a jury at Nevada City, Cal The
jury recommended mercy,
Fire Destroys Property
Fire, the origin Of which is un-
known, destroyed the home. barn
corrals and over fifty tons of hay on
the Rose creek ranch OF Dave Corda
no, near Winnemucca, recently.
Will Receive Gift
! Dean Schugham of the engineering
school of the University of Nevada
announces that the equipment giyeI
to the university by the Goldfield
Consolidated Mines company for tn,
standardizing Of the library will b,
received in a few days.
Professor Arrives
Prof +. c. Lincoln, whn was re
Gently appointed head OF the Macka.
school of mines CT the University o
Nevada, has arrived in Reno to TAX
up his work. He is graduate o
the engineering department of tn
Massachusetts institute of technol Il
gy, and took graduate cours
in geology at Columbia university