MICHIGAN ROADS AND FORESTS. 



9 



BUY OREGON TIMBER. 



Horatio N. Hovey, of Detroit, a former lum- 



Duncan, a clergyman of Dumfries, is associated 

 f witl ? V? c , Orr t e , ct w r .king t f various prac- 

 cal detads ' th ' ns 1tutlon that watches over 



. , , t 



berman of Muskegon and still president of ca etas ' t f ' ns 1 , tutlon tat watces over ( 

 the Muskegon Savings Bark, has just bought, le pe " nles whlle the pounds take care of 

 a large tract of Oregon timber in partnership ! p, nT^Je'of Th^natTon^ll " "" " 

 with T. C. Starret, also formerly of Muskegon, P . 



now living in Detroit. It was one of the big lnto Belaud, too, the new scheme of banks 

 timber deals of the season at Portland. The : ' r * h ? Provident penetrated quickly though 

 tract comprises 20,000 acres along the Siuslaw th f , lrlsh institutions for savings, such as the 

 River, in Lane County. It is valued at about celebrated one at Stillorgan, founded in 1815 

 $'25 an acre ; by Kev. John Reade, had for many years a 



"The timber is of fine quality Douglas nrj i Peculiar arrangement -by which each deposi- 

 and nearly all of it clear. Although not as I t , or s accou "t was kept separate. The Irish' 

 tall as Washington cedar t othe north or Cali- ; depositors at the outset were so suspicious 

 fornia redwood to the south, it stands 200 feet l , tho , y fclt !'? clr mo ey had been stolen 

 high, and the trees vary from twenty inches to Unle 1 ss they could at will see in a box bearing 



THREE SPLENDID NOVELS 

 THE MYSTICS. 



five feet in diameter. 



The Douglas fir is a darker wood than white 

 pine. It has a greater tensile strength and is 



in the individual's name either the coins and 

 bills he had deposited or the stocks and bonds 

 which had been bought with these. 



especially adapted for bridge timbers, sills and Savings banks, as all the world knows, grew 

 joists, and the better quality is also used as r ?, P X, l??P. ulan , ty ,'" Great Britain, until, 

 finishing lumber j about the mu!dlc f the nineteenth century, 



The Siuslaw River, where the tract is situ- l Speclal departments for handling ordinary 

 ted, lies about 150 miles south of Portland. : savl "f as well as annuities and life insurance 

 There is no railroad there at present, but it is I We ^f taken vc / bv ^e British postoftce. 

 expected that one will be, put through within! j?*, "EJE Kf* ' meric *? republic was 

 a year or so in order to connect the towns lly . : a ht le behhul . the mother country in 



By Catherine Cecil Thurston. 



Author of "The Masquerader." 



A young man whose fanatic' uncle wills 

 away the family estate fc> a secret brother- 

 hood, discovers the secrets of the society, and 

 plan,-, a daring coup to recover his possession. 

 He appears as the Mystic Prophet, whose advent 

 is daily awaited, and is accepted as the head 

 of the secret order. In this precarious situa- 

 tion the hero falls in love, and at the peril of 

 life and all, boldly chooses to play the lover's 

 part. Romance and mystery are delightfully 

 mingled throughout. The talc has the same 

 persistent excitement and breathless fascina- 

 tion which marked "The Masquerader." 



Illustrated. Price $1.25. 



along the coast. Most of the lumber from the 

 Hovey-Starret tract will probably, however, be 

 shipped out by water, as there is a good harbor 

 at the mouth of the river. Two or three mills 

 are already operating there. The new tract 

 lies about ten miles from the mouth and ex- 

 tends twenty-live miles farther up the river. 



It has been purchased, however, as an in- 

 vestment, as Mr. Hovey and Mr. Starret are 

 not at present in the manufacturing business, 

 only buying and selling timber. 



'If I were again to go into manufacturing 

 lumber," said Mr. Hovey, "I know of no place 

 1 would rather be in than Portland. 



adopting this beneficient scheme for the en- 

 couragement of habits of thrift and industry 

 among its plain people. As early as Novem- 

 ber, 1816, the Philadelphia Savings Fund As- 

 sociation began doing business even before it 

 had been incorporated. The first savings bank 

 to be legally empowered to open its doors in 

 the United States was the Provident Institu- 

 tion for Savings in Boston which a number 

 of philanthropically inclined gentlemen of that 

 city started shortly after their articles of in- 

 corporation were taken out on December 15, 

 1810. 



Modest success was achieved by the Provi- 



fine city and the lumber business in that re- J 1611 , 1 fron ? the star t, and -by numerous other 

 gion has a very good outlook. Besides ship- ban ks which were opened shortly after, though 

 ping some of their product to the east and a : I 4 was not ex P ect ed that any institution could 

 good deal to California, they also have a large h ndle th e very large aggregate of deposits 

 field in Asiatic ports. When I was out there i that are now common in all our great cities, 

 two boats left Portland one day carrying 3 000 - J ames Savage, for example, secretary of the 

 000 feet of lumber for China." Provident Institution and its guiding genius 



Mr. Hovey said that it is only within the ! of th e early years, once announced that it 

 last few years that timber lands have advnced j >Y uld be time to wind up the bank's affairs 

 -The tract which he and Mr. Starret have just ' L f ever thc deposits should reach a total of 

 bought was homcsteaded five to eight years : ?10 '. ()( '' 000 - No 'nstitution, he thought, could 

 ago. Mr. Hovey was in the west three weeks. Possibly handle so much money as that to a 

 going over the property with Mr. Starret, and , E 1 " ^' X, et . In New York city the Bowery 

 returned a week ago. 



n , 



Savings Bank, the biggest of all institutions 

 of its kind, has today deposits aggregating 



! AMI^ IP.CA in the neighborhood of $100,000,000, and there 



BANK. lUnA. I are in every city of note in the country sav- 



The savings bank idea was born just a ccn- i ings banks that have exceeded the limit Mr. 

 tury ago. The man who was responsible for Savage imposed. 



Samuel 



THE GIANT'S STRENGTH. 



By Basil King. 



Author of "The Steps of Honor, Etc." 



The "Giant" is no less than America's rich- 

 est man, Paul Trafford, who has built up a 

 great monopoly. Among the many competi- 

 tors whom Trafford in earlier years had forced 

 to the wall was a mine-owner named Winship. 

 Winship's son has grown up, a poor young 

 artist, and by chance he meets at Monte Carlo" 

 Paula Trafford, the daughter of th/ man who 

 wrought his father's ruin. Winship is engaged 

 to paint her portrait, and during the sittings 

 at his Paris studio, a romance begins which 

 runs a gamut of intense!}- dramatic scenes and 

 thrilling situations. 



Price $1.50. 



SAMPSON, ROCK OF WALL 

 STREET. 



the birth of great institutions was 



The stability of the American savings banks 



\\hitbread, a member of the British parlia- has frequently been commented upon by stu- 

 ment, who during thc session of that body in i dents of financial history. At the outset their 

 February, 1807, outlined what he believed to field of investment was not limited as it is 



be a workable system of safe and profitable in- 

 vestments of the savings of the poor. He 

 told of various isolated attempts to take care 

 of the hoardings of working girls; of schemes 



now and there were consequently some fail- 

 ures during the panic of 1837. But even then 

 the losses to depositors were comparatively 

 small, and in thc succeeding periods of finan- 



devised by country parsons for investing the | c ial disaster very few institutions for savings 

 savings of their parshioners in such a way as I have failed. It has been stated that in Mas- 

 to secure for them a return for their thrift. | sachusetts, which relatively to its population 

 Out of these erratic undertakings he was cer- J has always been the best supporter of the 

 tain that a great national system could be de- savings banks among American common- 



vised; and he argued at length the reasons for 

 his belief. 



That address of Samuel Whitbread's a cen- 

 tury ago was the beginning of the modern 

 savings bank, a system which, successfully 

 carried to its logical conclusion, has resulted 

 in there being on deposit today in institutions 

 for savings in the United States alone more 

 than three billion dollars a sum equal to 

 more than three times the total indebtedness 

 of the United States or to one-half the total 

 assessed valuation of New York state, the 

 richest of America commonwealths. 



Whitbread's proposal was favorably re- 

 ceived. Savings banks, open to the whole 

 general public as depositors, began forthwith 

 to be organized throughout the length and 

 breadth of Great Britain. Particularly in 

 thrifty Scotland where the name of Henry 



wealths, the losses in the first sixty years 

 amounted to less than $75,000 during years 

 in which more than $750,000,000 were handled. 

 In other words not a tenth part of a mill on 

 each dollar deposited was lost and this, too, 

 in an era when the proper state regulation of 

 such institutions was not so well understood 



Genesee township, Genesee county, has voted 

 to raise $400 to be used in graveling the roads, 

 to be apportioned $100 to each of the four road 

 districts, in addition to the good roads tax. 

 Also a tax of $1.50 on a thousand valuation 

 for the good roads fund. It is hoped that by 

 the system now in use in the township the 

 roads will be in much' better shope than in the 

 past. 



By Edwin Lefevre. 



Author of "Wall Street Stories," Etc. 



In Wall Street Mr. Lefevre has found all 

 that goes to the making of the most exciting 

 kind of a story of love and adventure. There 

 is an American girl and American millions to 

 be won, and the hero makes a daring fight for 

 them. 



The feverish life of W r all Street and the 

 "wheels within wheels" of the stock market 

 operations have never been so graphically re- 

 vealed. The reader watches the fascinating 

 game from the inside view-point of one of the 

 great captains of finance. The story is packed 

 with incident, and culminates in a tremendous 

 climax such as only Wall Street could produce. 



Illustrated. Price $1.50. 

 HARPER & BROTHERS, Publishers, New York 



I Can Sell Your Real Estate or Business 



NO MATTER WHERE LOCATED 



Properties and Business of all kinds sold 

 quickly for cash in all parts of the United 

 States. Don't wait. W r rite today describing 

 what you have to sell and give cash price on 

 same. 



If You Want to Buy 



any kind of Business or Real Estate anywhere, 

 at any price, write me your requirements. I 

 can save you time and money. 



DAVID P. TAFF, 



The Land Man, 



415 Kansas Avenue, 

 TOPEKA, KANSAS. 



