Oakland Tribune from Oakland, California • Page 37

ADaklanB Crf Suite JULY 12, 1925 SUNDAY tTvnrntp ninnunn EMERYVILLE WILL BIG DUD FOR lTo. Be Sold by C. P. Murdock, Adjoining, the State rifle range and the upper an Leandro filter plant of the Bay Water Company, a new residential tract to be known ai elroie Highlands will be placed, on the market on July'l 9, C. P.

Murdock. announces. ChiapPowttXczI Offend on llctLz A moderately Mauri i washer can now fc clamps to the aids th. A cheap electrlo wringer can also had whleh Is In typa vary Ilk old-fashioned hand wringer. Bo a these labor saving devices ca'lky stored In small space, and ara PWN i tlcularly adapted to the needa ttf apartment dwallara, mm room and h.T a riw oatsids while being out of sight thsmsslvsa, Thty are further safeguarded In their point of vantage by the fact that the stairs to the mezianlns are Inaccessible from the outside.

As soon as this handsome new Emeryville structure has been completed work Is expected to start on the new Key System Transit Company station Immediately adjoining the bank in the rear. The architecture will harmonize closely with that of th bank. The new station will be very attractive and contain many features for the comfort and convenience of Key System patrons. The Key will occupy a temporary station about 150 feet east' of Its present station while the new one is being constructed. CHINA'S INTEREST BILLS.

Within the past year and a half China has defaulted Interest aggregating $60,000,000 on government short-term loans. Holds Dairy Record Of California's It, 000 tested eowf "1 li.lOO produce an aveiags tt pounds butterfat or mora. TM' College of Vgrlcultv- tha VnU verslty of California has bald th production record for college herds of purebred Jerseys, Hotatelns ana Ayrshlres for the last five u1- MERRIE LOTS Varied Character of Home-sites Offer Wide Choice. Report of the Realty Syndicate Company of building activities in Merrlewood indicate that this Thorn Road tract Is continuing in great popularity with le who are In the market for a modest home. The varied character of the homesites of this close-In residence district offer a great variety of choice.

Some of the lots face out upon San Francisco Bay. commanding a magnificent panorama, and others face back upon a vista of hill and valley. It Is pointed out. The Realty Syndicate Company states: "The Interest which the people of Merrlewood take In the artistic development of their homes Is to be seen on every hand as one drives through the property. The houses themselves fit into the character of the place perfectly, and surrounding them are walks bordered with gayly painted railings and arches, rivaling In color the flowers of the well-cultivated gardens." "It is very interesting to note that practically everyone who builds in Merjiewood wants us to construct the house complete and ready for furniture," states C.

P. Murdock, Vice-President and General Manager of the Realty Synd'cate Company. "We offer these houses in three ways one, the lot only; again, the lot and bulldln? materials, the purchaser to do the construction work; and, as a third choice, we offer house completely built with the lot. It Is this latf choice that appeals to the greater number of people and the wlsdjuzi of their choice is evident as one drives through the property. You cannot hide- the evidtncea of the skilled craftman's work.

It shows up eveiy time In comparison with the efforts of the man wrfo Is Just handy with a hammer and saw. We feel that this ono fact has haJ a great deal to do with maintaining the high class appearance of Merrlewood homes." A study of bill board advertising to determine what steps may be advisable for communities to take to guard natural beauty spots and residential areas from defacement while preserving legitimate advertising rights will be undertaken by the National Association of Real Estate Boards. IS RIMED American Company to Start Construction of New7 Office Structure. Better to serve the rapidly grow-ng. Industrial district of Emeryville, the American Bank yvlll start building a new home for Its Emeryville office about July 10.

The new building will be on the eastern side of San Pablo avenue, at Fortieth street, with a frontage of 31 feet and a depth of 70 feet. Immediately adjoining the bank building the Key System Transit Com- rny Is to erect a station. The new structure, which will be completed In about three months, was designed, as was also the Key System station, by Architect Edward T. Foulkes. The bank building Is to be similar to thqse built for the Dlmond, Fruitvale and Piedmont offices, All of those have attracted wide attention among achl-tects generally and students of bank architecture particularly both for their design and equipment.

The Emeryville building follows closely the design of the Villa Caprarola residence of the Pope, outside of Rome, prior to his entrance Into the Vatican. The facade is declared by authorities to be the purest ex ample of the architecture of the Italian Renaissance In the United States and Is said to be especially well suited to modern bank buildings because of Its combination of dignified solidity and architectural beauty. Wlthhv the new building contains everything necessary to the convenient, expeditious handling of every banking; transactldn worked out In accordance with the modern principle of combining beauty with utility. Among the features of equipment In the new building are a central heating plank looker rooms and convenlencesSloJothe bank employes, and safe deposit vaults. Particularly Interesting are the provisions for the safety of patrons' funds.

The protection of the vaults Includes a network of lead cables, containing electric wires embedded In the concrete walls of the vaults. Any attempt to break through the vaults or wallr by any method sounds an alarm. For the protection of the bank In business hours the mezzanine floor has been arranged to serve as a guard post. Here employees with high-powered rifles ready to hand can coaamand the whole interior of the banking- NEW BRANCH RANK BUILDING EASTERN GUESTS will always remember the view from the new Observation Tower on Montclair oftheWorld." Open daily 9 a. use of telescope Directions: By Auto Watch for the arrows on Skyline Boulevard near Moraga Road By Street Cor Take Piedmont car to our office at 4058 Piedmont Avenue and go on as our guest EMI HOMES i REALTY SYNDICATE CO, 4058 Piedmont Avenue Montclair Tract Office Phone HxmboUt 2700 Fhone Humboldt 47 1440 Broadway, Phone Lakeside 1600 LAI LING UIJUUGG IHnriTn nn nwrii iii IVI 1 1 1 UHuL UU.

PRINCIPLES Oakland Declared Fertile Field for Sound Realty Investment; Addressing the Directors, Advisory and Sales Department of the Pacific Bond and Mortgage Campany, Roscoe D. Jones and j. creuner, the principal speakers, analyzed the types of iwianciai institutions mat a rapidly growing city should have for Its upbulldf-nri "Financial Institutions are the arteries through which capital may flow to be distributed to the exact pot where it is needed," said Breuner. "The mortgage hanking house is Interested in loans which are secured by Improved xeal estate. This Imply means thahl large portion of the money whjj3ls used in actual construction work on business property and homes.

In cities where there is sufficient capital in the hands of mortgage banking houses, Is supplied by these institutions. There. Is very positive evidence that Oakland is still far short of Its requirements In this connection, when our Company can step before the public, when it Is only three months old, with earnings declared u.pon both its preferred tock and Its common stock at the rate of seven per cent, and leave a fair surplus in Us treasury besides." "The thing: that la of special yalue about a mortgage brokerage concern. In Ha, relation to Ing, Is the fact that, when man aged by men of the proper caliber and standing, it a flow of funds from sources distant from that city to be used in construction In its local area. The character of the people who are becoming associated with our company as investors Is proof, In itself, that the mortgage business is belrg recognized for Its constructive service as well as Its safety and profit earning factors." Roscoe D.

Jones said in part, "Conservative investment Is today dependent. In large measure, upon that simple and effectual legal safeguard, the mortgage. This. situation has existed since tne neeo. for establishii perfectconfidepce on the part of people who loan their money was first recognized as an assential of prosperity and development.

Such puretyjmethods are almost as old as the race." "The best interests of this city require that the placing of Oakland mortgages before tho investors of financial stability. The coming of terllng character and unquestioned this nation be entrusted to me of this type of financial activity to this city opens an era that is rich In promise. You may determine with certainty the measure of confidence which our have won in this city by examining the list of Oakland pconlo who sub scribed onehundiod thousand dol-' lars to our capital during the last catefidar month." Let Proven Financiers Work Your Money Taclflc Bond and Mortgage Co. is headed hy the following bankers and prominent Oakland business men. Their successes as business builders have been observed and admired by Oaklanders for many years: B.

F. Edirnrdx, Bunker Eugene Brock. Banker Irving ('. Lewis. Bnnker A.

Beklns, Storntge IonU J. Breunrr. Merchant G. HenKcn, CiiiAtnllxt Wells, Studebnker Ant. A.

M. 8. lcnrce, Lumber Chaa. L. Smith, McrcVnnt They are now mobilizing money to invest in mortgages and invite local investors, to sharo with them In a business in which influence and ability can be mads exceptionally productive.

Our Investments are placed In mortgages much as savings Bank deposits are placed. Our plan, however, takes advantage pf frequent earnings of brokerage, and fees, beside the interest. Tou owe It to yourself to be Informed, about this simple, productive and safe means of working money. Mall to us the coupon below and we will gladly supply the detail ofour plan without any obligation on your part. Pacific Bond Mortgage Co.

WILEY S. KILLINGSWORTH Fiscal Agent. 414-16 Alameda Title BIdg. Oakland Phone Oak. 1264 it, .4 If A I.

"i if- 1 ARE LAKESHDRE TRACT Fourteen new homes were started In Lakeshore Highlands during Independence Day week, according to Harry Leimert of the Walter H. Lelmert owners and developers. "And the plans for every home are in keeping with the values of Lakeshore Highlands," says Leim-ert. "They havo been passed u.ion by the architectural committee of the lakeshore Homes Association, comprising Lome owners in this residential park. Sensible building instantly from all Faucets Automatic Storage CV fMSh KS ft Before you Build or Buy Insure Complete Home Service from Electricity Before you build or buy make sure your new home will have enough electrical connections for the convenient use of electrical appliances; that it will have modern lighting and that standard wiring devices are used.

In short, make sure that the electrical wiring has been done by a "Check" Seal electrical contractor. The "Check" Seal identifies dependable electrical contractors who will make your house a real electri cal home. Also when you need electrical appliances remember that it id entiflesrf electrical retailers who sell quality electrical merchandise. restrictions, with the property owners themselves enforcing the rules and regulations, have made Lake-shore Highlands one of the most distinctive home places In California. Its proxii.

ity to shops and schools. Its local and San Francisco transportation facilities, has made it one of the commanding subdivisions in the bay district." The new home owners who have started to build during the past week include C. P. Jacobs, M. D.

Miesner, O. A. Pedersen, O. Pfaendtner. M.

Rossi, Paul Wood-burn, C. C. Luis, E. G. Reed.

G. L. Borth, H. Johnson, J. B.

Grubb, C. 'Langeberg, T. Brown and Fred Woodburn. Lelmert also announces the sale of a dozen homesites during the past few days. R.

H. Vehmeyer has been granted permission by the railroad commission to operate vessels on the inland waters of California between landings on the Sacramento and San Joaquin rivers and tributaries thereof and Encinal terminals located In the city of Alameda on the Oakland estuary Gas Water. Heater guaranteed c-tor? my sm (V9l7T I Li II 1 1 I i I 1 ft I to 9 p. m. FreeTl and field glasses.

Jj 4 5' I ill i S6 i SALE START SET Tl Reports from the office of C. P. Murdock, Incorporated, this week indicated that preliminary construction work on Its new traet, Melrose Highlands, Is nearly finished and that the opening, sale will take place within the next two weeks. Melrose JHlghlaflds Is part of the old Housttm ranch) A portion of the property has in the past been used by the National Guard as a rifle range. It lies between Leona Heights and Sequoia Country Club with the new upper San Leandro filter plant of the East Bay Water company on the west side.

The homesites in Melrose Highlands are to be offered with a modest house already built and ready to move into. The plans call for a type of house which Is small but which is of rather better class than the structure usually provided on such tracts. It is said that the initial payment and the succeding Installments are also to follow a very liberal scheme. "In Melrose Highlands we are going to give the workingman a chance to get the sort of house to which he has long looked, forward," states C. P.

Murdock, president of C. P. Murdock, Inc. "We are going to build him a better house than he Is usually offered and we are going to sell it on easy terms that will place it well wlthl Is the difficulty of getting together enough money to pay for his lot and financing the construd-tion of a home that holds most men in rented quarters," Murdock continued, "and in Melrose Highlands we are going to remove both of those obstacles at one stroke. AVe are going to sell the lot and furnish tho building materials and the labor necessary to provide a family with a complete home.

And when you remember that the item of labor, which Is a large one, must be paid in cash when the job is finished, you can see that we are relieving our customers of a heavy part of the financing. Men who are skilled in the use of tools may prefer to buy a lot and building material and do the construction work themselves, and we will be very glad to accommodate them In that." LICENSED AUTOS PASS 600,000 MARK IN CANADA OTTAWA, July 11. OP) Automobiles In Canada have passed the 600,000 mark for the first time in history, the dominion bureau of statistics announces, Motor vehicles registered in Canada January 1 numbered 652,121, compared with 693,323 In January 1, 1924. Ontario was the leading automobile owner among the provinces with 308,693 cars to its credit. The prairie provinces of Manitoba, Saskatchewan and Alberta combined accounted for 166,234 More than 60 per cent of the cars in that area are owned in rural districts.

AMERICA'S VIRGIN TIMBER. The virgin' timber area of the United States is 15,032,000 acres, of which the government owns 631,000 acres. Investigation PACIFIC ELECTRIC COMPANY SAK rAHCllCO L(X ANOILIt lOHO BXAC AXLAJCS tblTLAND IZATTLt IK KADI Distributors General Elactde -Zr lPAancWras I I VJ OfCTRIC COMEANr7 s. I Before voa build, buy or r.nt get "Tkt tloc trial taf MM -m, m. Pffiductibn mdkesjowbrices Name Street Cltr DOSSli Plumber WHAT IS A HOME WITHOUT HEAT? When you buy or build, see that proper heat it installed WARD GAS FLOOR FURNACES JOHN Vmm MPG.vCO.

72 Clover St. Los AnqelesXalif. Oprldi Unttt Huturactunrs of Rang Boilers mndBfUrTanki Are Worth, Your The Best Builders Are Them aaaaa-.