Press-Telegram du lieu suivant : Long Beach, California • 32

E4 THE LONC BEACH SUNDAY PRESS JUNE 3 1923 Southern Got Asks $1000000 in Bonds for Work Finished Half-Billion Worth of Building in San Francisco Since Fire California Utilitietv Interest Patrons in Stock Investment Inquiry Grows on Compton Property Many New Buyers Lack of Failures Proves Merit ol Building and Loan '1'11111011 ACRES UNDER POWER IRRIGATION SAN of cofl etruetion of buildings in San Fran limos since the great tire of 1906 has Just passed the half billion non excluding city state and overnment work prior to 1912 and oat of the Panama-Pacific exposi Walter Warmbold Predicts Syndicate May Build Large Scale Homes Nd quick advertisements with which promoters seek to extraAt money from the pocket of the thrifty There ahlFraval will be a large per canton who motet see the wig domot building slowly but sureiy and who will took to seize the inimenen returns eo temptinsiy held out to them hut gradually one after another of the projects offering sudden riches fail to make good people turn more readily to investments which Offering less make good on their promises Seeks Industrials 'It is but natural that an Investor holding Liberty bonds or pre ferrod utility stocks should turn to other bond and stocks offer Ing like safety The Liberty bondholder while unwilling to part with his government securities will seek industrial bonds offering the maximum safety with higher yields As his holdings increase he will become more conservative and eventually will prove immune to the blandishments of the fake promoter To a epitain class warnings Off Sintit fake promotions Cr lost This is attested by an estimate that between $700000000 and $1000000000 is lost annually by the people of the United States in fraudulent companies While it is too much to hope that all loss to the people in turns fir temptingiy them lint graduallY another of the ring sudden riehes good people turn fly to investments ing leas make good ca Industrials latural that pn Invos- Liberty bonds or pre stocks should turn 1de and stocks offer 'fogy The while unwilling to I government securi- induatrial bonds of- naximum safety with ts As his holdings I will become more and eventually will Ine to the blandiah a lake promoter 4ta1n class warnings i promotions are lost itted by an estimate Pn 2700000000 and is lost annually of the United raudulent companies I too much to hope to the people in Lodi Wants to Be Fifth Class City The Southern Counties Gas corn Pan)' of California has made Per plication to the railroad tommin 810n for authority to issun addi tional first mortgage bonds in the amount of 11000000 The corn- rimy Antes that It has expended during the Months of October No- ember and December 1922 and January February 'March and April MI for Pertnanent eaten- 10111 betterments and Improve- mente to Its existing plants and ti the Num of 91317- pr es 54396 and is now entitled to home and sell its firet mortgage to the amount of 2105403909 Net earnings of applicant for the twelve months ending April 30 1923 amount to 2115891593 these fake schemes ever can he provided it is probable that the educational campaigns as to the wisdom of buying conservative securities taken tip by the util00 ity companies where the goy-opts ernrnent stopped will have a great influence irt reducing the immense sums of which the prose pie aro rohbed annustly this awakening probably is of equal' importance Learn Slot During the 'war the people as a whole for the first time It'Pre educated as to the desirability of bonds for investments Through the campaigns of the California utility committee persons who never before understood the meaning of preferrer stock now are eager buyers of these itecurities They have learned that generous returne are paid on money so invested and once in possesition of this stock they are anxious to buy more The people of the west rapidly are learning the fundamentals Of finance Theq are learning that returns vary almost directly as compared with the risk Involved and that eventually the security of unquestioned sefety Is the most desirable patotictttarty when the greater amount of ones' savings are at stake It is not human nature however for the people to resist al- together the alluring During the last several )ears the majority of California public utilitiea have successfully conducted cdttomer qwnership earn-patina through which large amounts of their securities have been placed in the hands Of their patrons according to Babcock resident partner Witter and company The advantages of customer ownership Pa a means of eaten-Itching a thorough understanding between company and-- patrun are well known Patrons icy a more intimate knowledge of the affairs of the utilities have abandoned the former policy of abneing the companies without just cause and the companies responding to the changed attitude of the people have put forth their best efforts to give ideal service at lowest possible charges A secondary result of the suecerseful canipaigne la the intermit they have aroused in the people In sound conservative securities While not so noticeable as the direct miles of utility speuritlett 1 4 i el' '7 -144 -T4a 7 r10f 4 't v' 't k' A 17 years um an a sixth class city with a topulation of around 2500 Lodi has truggied along wtth the old titution and by-laws long enough entiment hers won's to allow and change to a city of fifth class is ntielpated There is said to he a hopeless arty of sonenttreible ordinances nd a large -nontlter needed and it I felt a complete change to city ling and constitution would he eanieat way of settling the prob nni faced "There is more activite in tht vicinity of our twootrty Como tonlhan ever before" states Wal ter Warmbold president of lb Meserole cotnesee sale tent for the new Comotot: subdivisiot Emit Compton Manor "Since the announcement lar week that Jonah Jones erominen Long Beach oI and real estat man has purchased an entire bloc at Last Compton Manor becaus of the excellent possibilities of el our office has been fairly with inquiries retarding the prou erty "One Long Beach banker" MI went on to state "hit made a large purchase in the tract This man believes that if Men wh know velure are going there to in vent it is the place for his Mont too Real entate men too in thl locality are becoming interested i the possibility of thin property es money-making investment" Many contractors and builder according to the Menerolo iticherth compane are intereeted in the pronerte because of the DessibilRies for home buildint there It Poseible that a Long Beach will soon be formed to build homes on this tract on a Ire scale The cementing off of the CalDetre well No I hes been the cause of intense excitement among those Interacted in oil speculation CHARLES 111: TIICRIER Points Out Governments Find Manes Pinu buevessful Feu Bonds Mature in June Largest Issue Is Armour's fly the transformation of large areas of arid lands Into sections rich in strricultural 'meditate the lto'dro-electric corporstions of Celli fonds have enriched this Mate by millions of dollars annually and provided employment for thousands of citizens according to Babcock of Los Angeles resident partner Myth Witter Co The growth of the state has been identified cloaely with the development of hydro-electrie projects Industrially the rate in practically dependent upon power from this source but it is probable that by supplying cheap and dependable power with which water is pumped to the surface of arid lands and the soil made to yield bountifully under cultivation the corporations have benefited the greatest number of persons Irrigation le necessary to the suceessful cultivation of the greater portion of agricultural lands in Southern California particularly the citrus groves for which this state is famous In many parts of the state thie irrigation has been made pooldble by the organization of irrigation companies whit by the construction of impounding dams and ditches have brought the waters from higher level to the ranches and citrus groves ydroElettrio Aid In other districts however it has been found impossible either cause of natural reasons or because of prohibitive cost to eon struct irrigation systems It is here that the hydro-electric corporations by supplying power for pumping at rates which make it profitable to cultivate the lands stepped in and by assisting the ranchers in every conceivable man ner have added 'millions of dollars to the value of the annual prod bets of California ranches The three great hydro-electric corporations operating in the south central part of California today are furnishing power to Mei gate more than one million acres of lands as follows: Southern California Edison 626- 000 acres Nevada-California Eleetrie 094 acres San Joaquin Light Power 3618SL Total 1028610 acres Theme figures are as of December 31 1922 and each of the companies has added considerable area since that time The tranomission hues of the Nevada-California Etectrie corporation which extend from Mono Lake to the Imperial Valley traverm an immense area of arid land which is suitable for cultivation Much of this land already has been tested and found to have a plentiful supply of water beneath the surface within easy pumping distance After pumps have been installed this now unproductive land will yield big returns In extending their lIneS tO the agricultural lands thereby gaining additional business and enriching the' state the power companiett have taken the lead It is an ax tom in California that "population follows the power lines" On the private power corporation has fallen the burden of pioneering the way Through their Warts these million acres now are supporting thousand of citizens and adding millions of dollar annually to the wealth of the state and nation VIMOMOSIKSPani NelittAllilii141 '1 ii I 1 t11- I--t de 7 git li 4 vs ---1 --r 1 71 v4 --I 1 i it I Or 071117 1 4141 41 fr A1: '4 ofor Cleerw7401- 11 --FE--ki--- 4 '11i1trmacrIcIfizi---z----- -me FONTANA FACTS The Fontana Estate is situated 50 'MIA east of Los Angeles on the Valley and Foothill Boulevards less than two hours' motoring distance from this city It is eight miles from San Bernardino 11 miles from Riverside with its historic Mission Inn 18 miles from Redlands four miles from Rialto Fontana is on the Pacific Electric Railway with 21 trains a day connecting with these and many other cities The Santa Fe and Southern Pacific main lines traverse the Estate FONTANA 0 01) ri t) FACTS i 7-aont) 7 1 0 OP The Fontana Estate is situ- 1 ated 50 milA east of Los Ange- 1( 1 '3 les on the Valley and Foothill Boulevards less than two hours' motoring distance from this e4 city It is eight miles from San il ll' i giog Bern ardino 11 miles from Riv- a erside with its historic Mission Inn 18 miles from Redlands Al four miles from Rialto Fontana 1 I al A I is on the Pacific Electric Rail- way with 21 trains a day con- otr necting with these and many 1 a -7 1 t- t1" other cities The Santa Fe and 11)1 Wi '-1 ip Southern Pacific main lines trav- I irri Al g-do -I erse the Estate tg -it -41at IP II( ii tsc i Illis I l'i 1 a II 1 4 J4 1 a ot I 1 t- -1113P II I 36 pp 19 14 tt oi 1 111 ire I 4dp ce istN i 43P)1" IN 11 et' '1 6 I 041 r' '4 1 'lil 4 Ng where tic411111 ilk -11 It 111 e------- 00 4 -3 4-0' eisr' -ftwia- 1 40----- 4110 44u to 'L--t'' An unusually small number of bonds mature in June so that very little financing for refunding purposes will be required Public utility industrial and railroad ma turities for the month total $30- 967980 afi compared with 944- 119390 in May and 968992330 in June 1922 More than half of the total is comprised of industrial bonds with railroad bonds standing b4scond The largest and most Important IMMO maturing neat month la 910- 000000 Armour Co convertible dohnture 6a duo June 19 The balance of the industrial are all for leas than 91000000 among the largest being $900000 Lake of the Woods Milling first tim due June 1 Most of the railroad maturities are equipment trust obligations the most important of which is $1843- 000 New York Central La of 1922 due June The Southern Pacific will Igo pay off on June 1 91- 290000 equipment trust 74 aeries Pl Among the public utilities which total only 96111600 the largest item is 12600000 Quebec Montmorency Charlevoix railway first 6m due June 1 Charles IL Tucker president of the Mutual Building and Loan asociation announces that association's business for the period of Iknuary 1 to May lb showed an increase of nearly a million dollars "There no doubt" says Mr1 Tucker that public education largely through the medium of advertising' is responsible for the increase that building loan aesociations everywhere are reporting "In the middle wext there are whole communitiee that have been built up almost exclusively by building loan Home builders have been encouraged and stimulated by the fact that no organization of this kind ever met with a failure that entailed a loss to its investors" be adds "Endorsement of worth to the state as well ail to the individual Is seen in the building and loan plan to be carried out on a gigantic male by the worlds two rich est government England and the United Slates in the handling of that 11600000000 loan to Is Mg-land And it is true most em- phaticallyi that associations like the Mutual do promote the life of the body politic eafeguard the state create capital and tax pay ing real entate in Long Beach with land values continuing splendidly healthy we show an increame of nearly a million dollars in five and a half months Thu proves that land and homes at top values are most attractive And buying is beak where there la a fair working Plan of ownership "The Mutual Building Loae association we avowedly Organ Med and operated for the purpose) of encouraging thrift and Promoting home owning and home building During the Past nineteen years we have helped thousandel to help themselves These have been years Of Intensive training of the public and we feel that we have builded exceedingly well in keeping up with Southern California ID her great forward stride Moreover we confidently expect to better our own record In the next period" Persistent Cutting Rids Morning Glories ORANGE---Orange county farmers are trying a new method of controlling the ft rowth of the wild morning story pest The method as developed by the University of California agricultural experiment etation la to cut the'plant repeatedly below the surface during the growing season Cuttinge take Vlace on an aver-Ice of every five days the object being to prevent green leaves from appearing This method is expected to kill the weed within a year The persistent growth of the morning glory plant after repeated cuttings is due to the large amount of plant food stored in the roots This food must be exhausted before the plant will die HOW Will You Meet a Dcty That Comes to Illaqy of Us? Fontana Vineyards The Fontana Farms Co has planted to choice varieties of Juice and table grapes 5000 acres in the heart of one of the most famous juice grape 'districts in America where the Virginia Dare and Guasti vineyards and wineries are located The Fontana vineyard is the largest irrigated grape planting in the world Juice and table grapes were planted at Fontana because there is a demand for fresh California grapesaf these types over the nation that this State has not been able to supply Last year the railroads hauled out of California 41000 carloads of fresh grapes In 1923 it is predicted 50000 cars-will go eastward Irrigated Vineyard Yields Irrigated vineyards in the Fontana district yield from 4 to 8 and 10 tons to the acre Grape prices have been steadily advancing Last year wine and table grapes in this district brought from $75 to $140 per ton Our Vineyard Bargain We are offering 1923 planting of the best wine and table grape varieties irrigated by our $1500000 water system at $500 per acre on easy terms as follows: $125 per acre cash only $25 per acre each year for three years $125 per acre the 4th year: $175 per acre the 5th year Irrigated vineyards begin to produce the 3rd year they fhould be in commercial production the 4th and 5th years Grape profits the 3rd 4th and th years should help pay for a large part of the cost of your land Fontana Vineyards The Fontana Farms Co has planted to choice varieties of juice and table grapes 5000 acres in the heart of one of the most famous juice grape 'districts in America the Virginia Dare and Guastl vineyards and wineries are located The Fon- tana vineyard is the largest irri- gated grape planting in the world Juice and table grapes were nianted at Fontana because HERE comes tdmost men andwomen a time when we begin to realize that our years of best productive effort have we slow up and make way for younger minds and bodies to take up the tasks we have been per THERE comes to-most men andwomen a time when our years of best productive effort have --1 at All-American Menu at Sacramento Dinner SACRAMENTO--A large variety of food articles ranging from Texas turkeys to Connecticut cigars the accessories after the meal is on band at the Sacramento chamber of commerce comprising the "A11- lArnerican meal which will be served at a dinner June 7 Food experts Plum California universities will attend the dinner and personally sample the goods then they will prepare several "All American meal menus" which will be broadcasted throughout the United States with the requetat that they be served on the big "Ali-American day" the Fourth of July The all-American meal idea was struck upon by A 1sudley scoretary-manarer of the Stscramen0 chamber of commerce us a means of popularizing American food product's and educating the TscoPie of the nation to their value Nearly 200 cities have joined the Pacific Electric Expands Bus Lines Pacific Electric Railway comPany has been authorized by the ran road commission to abandon ervice on the following etectric lines for which motor bus service has been substituted: Tournament Park line beginning at Los Robles avenue and East Colorado street: East Washington Street line beginning at the inter section of East Colorado street and 10s Robles avenue: East Orange Grove avenue beginning at the in tersection of North Los Robles avenue and East Villa street North Orange Grove avenue beginning at the intersection of East Colorado street and Pair Oaks avenue Mill Valley Phone Rates Slashed Half From San Francisco' 1 The Pacific Telephone Tele graph company has advised the state railroad comminsion that it would file for Immediate effect rates conforming to the generat schedules based upon a distance of twelve mile or less for the town of Mill Volley for telephone ex change service to and from San terancisco The tatiOn to statiod rate will be ten cents effective June Thu I 60 per cent reduction of the present rate which is based on the station to station nohedule for distances from twelve to eighteen miles or fifteen cents plus five cents ware tax The ten cent rate will apply for the first five minutes conversation and five cents will be charged for each three min utes after the first five-minute con "emotion No war tax will be added to the ten cent rate The complaint of the Mill Valley which was scheduled for rehearing May 29 has been dismissed upon the agreement of the company to splace the tencent rate In effect which will ttlace Mill Valley on equal ternis for eimilor Nem ice with towns equally distant froM Han Francisco The old rate was based on the government post route map which ehowed Mill Valley to be in excees of twelve miles from Han Francisco Later eurveya showed the figures to be Incorrect forming That day when it comes may be either a happy or a sorry one depending upon what preparation we have made to meet it To the man who has prepared a comfortable home with attractive surroundings and who has an income to support him through his declining years there should be a feeling of happiness in the realization that he can lay claim his tools and cease the grind of business or labor To the man who feels that he is slowing up but who is forced to continue an unequal struggle for a living in competition with younger men that day when it comes brings ppprehension grief and hardships that increase as mental and physical strength fail WHY NOT PLAN FOR A COUNTRY HOMF WITH A LIFE INCOME? Early and late WANT AD SERVICE AT THE PRESS 128 Eaat Broadway 7:30 a tn until 10 IL tr Catalina Terminal Hotel Two hours away from Los Angeles by automobile in the famous San Bernardino Valley grape district are choiceirrigated vineyard tracts of five acres or more that we are offering at low cost and on easy terms which will give you the opportunity you need to prepare for the years ahead Here a person of moderate means may acquire a beautiful homes'ite in the country and develop an income for life Considering the advantages of one of these vineyard units of the great Fontana Estate as regards water transportation beautiful scenery and close proximity to Los Angeles Riverside San Bernardino and the beaches and mountains what other land investment that you know of can compare with it? Free Care of Vineyards We take etmiplete cultural care of your vineyard- for three yearn entirely free of charge to you We atm sake you free a bhare of water stock with each acre you buy Thik totter Mock esitimervotivaly worth $200 per share Poultry Opportunities The 'Fontana White Leghorn try Farm in one of the largest NMI beat-managed in America We hull-bate 48000 baby ehlekdi at a time This farm 'was entablintied primarily to give Fontana Vineyard 'mom the right kind of a start in the poultry butinem What Mailing Coupon Means Wilmington Expected to Start Soon We Have a Few Options on Nearby Property 800155 across the street at $12500 $7500 will handle 23 ft on Canal at 300 per foot 755)(160 only $10000 on Lagoon -4- and Lagoon 40x160 $5500 Lots on Broad near car line some bargains 1155)(160 across from hotel owners must sell $30000 Lagoon near St 46x155 $6000 and Lagoon 40x115 $6250 $2250 will handle Send for our handsomely illustrated booklets on Fontana today Three Motorships to Be Put on for Service to Coast 'PORTLAND motor Ship now under construction equipped with partial refilgeration space are to be shortly added to the fleet of the Furleas Prince line between the 'United Kingdom and the Pacific coast according to announcement math) here by local representatives of the Furness Withy company Ltd The new ships will furnish a three-week service and with re frigerated ships now operated by liollandAmerica and Royal Mail Steam Packet compeny will pro vide adequate transportation for the northwester apple crop this fail The action of the purnem Withy mpany signifies their intention of remaining in the Pacific coast trade in the face Of the loss with in the past year of their steamer Welsh Prim sunk in the Wil liemette river and Tuscan Prince wrecked on the west coast of Van couver island 1 CITY Transtet Co cheeks Baggage over railways tied eleantehip lines from start -to destination' Phone 14340 wrecked on the west coast of VanI A A A CITY 'freest's- Co cheeks Bawl ore ever railways end eleansehip 14 41 Adl II 4kmatatm6i 115x120 west basin on $17500 some bargain FONTANA FARMS Please send run illustrated brioklet opportunities at Fontana FONTANA FARras CO on vineyard To dip this coupon may menu micrem tor tenure to you If you mall tt IOU will receive old reliable informs-lion concerning the vineyard and poultry opportunities on the Fontana Estate contained In a handeomely II 'migrated booklet We will lay before you the moot unmitial opportunity we believe that you can flail in Nonthern California for an investment on the maims of Mesita that offers bid prnfft and a bemire Meanie We wUl show you bow many you may sow bests to prepare for the years to come Out thla ogniorttsult1 la too good to UM loud and we urge yeti to atoll the coupes at COM prepare toe Site veers to come Sot ad we mire- vela 1 0811 mopes at traces P(ino 616 Pine Ave Long Beach Phone 648-424 Street 09 06 60 IPS ov oo ook 6 o' Realtors these are on 60 day options- and we can deliver the stuff we advertise Lambert 'tfic Tedford First National Bank Bldg Wilmington' 263 Liss za Office 63451 110111Asiel nidcr 111711wilmier4tfin Office ptington 53 OIS MEIbli ffice 53451 wu I 1 II My sewn 0 4 0 0 0001156 0 40 408 PAC Ille Finance Building Phone 14625 LOS ANGELES -IONOW 41P vou eftwmnowomougg M6 VP 111b IP 'WWI Los ANGELEs ll- I 1 I 0.