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nHnaTHfiirwTMf^'**-"'' -'•■■ * " '■■** '■■' ■'■■ ■' ~ • u3PBEJT^aT:'-_c;a _TjT' ' offiß_P^_r_____i ■ m _ __ __ am Founded in 1866 Established in Los Angeles in 1895 rINCokPORATED UNDER LAWS OF CALIFORNIA 1899 Los Angeles Investment Company -m 163 rd Monthly Report, August 1, 1909 Telephones: Main 2248, ABllB s 335-337 South Hill Street Hours from 9to 6 * 252 974 50 The 54th Quarterly cash dividend amounting to over $79,132.32 is payable August 15th, 1909. n This Net profits on real estate * ' ' makes 567 per cent pa id our stockholders the past 13]} years, an average of over 40 per cent a year. ' .... - A „ 0 „ , riirt . nil 12,855.34 103 houses completed, sold and under way on Gramercy and Wilton Place, in our College and College Net profits on building and construction Annex tracts. " . Premium on stock and commissions from Insurance, Real Estate, Rental, Architectural Depart- The company has under construction more work than ever before in its history All completed houses, f ™ente°etc!^;*!^r^^^^™/S?!r*™. • $596,968.40 and most of the houses under way are sold. We expect a record-breaking business this fall. interest received i 101,278.01 Total Number of Stockholders . . .'. .. . 2,638 ' Have placed block of 20,000 shares of stock at $2.85 a share. This price will advance to $2.90 August _„ „__,.. _ t ir d_Q__/_f_7__ 11 31st, and to $2.95 September 30th. Not less than five shares nor more than 1000 shares will be sold to one Total Profits for the Year $704,1;/ person . No Stockholder of This Company Ever Has Lost a Cent by Being Compelled to Sell His Stock RESOURCES NET ASSETS Balance due on houses sold on monthly installments, secured loans and houses under construe- Capital Stock paid up in cash •••'•_ • • $1,318,872.00 tion $1,864,306.73 Surplus and undivided profits • 1,373,843.84 Building Material Co. stock, including two lumber yards, lumber and planing mills, warehouses, $2,692,715.84 shops, factories, teams, etc 161,740.00 Stock in Globe Savings Bank at par (market value $59,400.00) 44,000.00 LIABILITIES Real Estate (market value $1,328,875.00) 837,404.04 Home Certificates and mortgages assumed '• • 339.847.43 Fixtures 3,446.51 Citizens National Bank . 20 00000 Cash on hand 141.665.99 No unpaid bills. _ Total ....... $3,052,563.27 Total ;V. .... $3,052,563.27 Globe Savings Bank and Citizens National Bank, Depositaries DIRECTORS w ™ m?PRT v Wr.-tarv A- P. THOMSON, Asosciate Attorney. CHAS. A. ELDER, President and Manager. W. D. DEEBLt, secretary. _ L BAGLEY . HARRY D. RODGERS. ■ CHAS CASSAT DAVIS, Vice President and Attorney. G. M. D&KBY, lreasurer. ___________________________________________■ ————— —HM—l mmmmmm —■—■—■____im M llli ■ ■■ ■ \mmmXW*Jmm^m mW mIBm mT*m^ m3m .j! t4.A^rTmTC^t^mWZlmrmmt-iMtJ-J~\*Vmm± _ *•/ _L _W Mft _______gP__L_l THOUSANDS ARE AT IOWA PICNIC BIG CROWD FROM' HAWKEYE STATE VISITS SEASHORE SPEECHES MADE TO VISITORS BY FAVOKITE SONS Mayors of Los Angeles and Long Beach Among the Speakers— Next Gathering and Election Set for February 22 [Special to The Herald.] LONG BEACH, July 31.—This city was the Mecca today of Southern Cal lfornians who formerly lived in lowa. The number who enjoyed the midsum mer outing is estimated at MOO. They came from all over this section of the state to bathe in the Pacific, dine and gambol on its shore and least Intellects upon fervidly patriotic oratory deliv ered by a few of the Hawkeye state's silver-tongued sons. Mayor Alexander of Los Angeles took his flrat "day off" and came to the beach. He was "nabbed" promptly by the committee and Importuned to speak. He reluctantly consented and was called upon lirst this afternoon at the auditorium after Mayor Windham of this city had given an address of welcome. Mayor Alexander received a tremendous ovation. He recalled in a general way lowa's chlefest virtues and greatest men. The Los Angeles mayor lived in lowa thirty years, in Tama county. "What little politics 1 ever learned," lie said this afternoon, "I gleaned from the Hon. James Wilson, the present secretary of agriculture." R. B. Shepherd of Pomona was one of the speakers. "The more we think about the dear old hills and dales of old lowa," he said, "the more we wish our friends back there had sense enough to come out to California." He prophesied that lowa's Influence on the political future of the whole United States will be great. "We be lieve In a square deal," he said, "and in letting the corporations get along with no special favors and no lawless ness." State Senator H. W. Dodge spoke eloquently also. He said 40,000 former lowans live in Southern California. He complimented the daughters of the Hawkeye state in such a manner as to bring a tremendous cheer from the women present, the men acquiescing and cheering, to "To have been born in the state of lowa la to have been 'born great,' " said Senator Dodge in his speech. "To become an adopted son of glorious, beautiful California is to 'achieve greatness." "It has come to us through the open windows of legendary lore that the In dians had two definitions for the meaning of lowa; one was 'The beau tiful land" and the other 'This is the place.' Every true lowan heartily ap proves of these typically appropriate definitions of this Imperial common wealth, this emerald empire of the great northwest. "I believe it to be the sacred duty of the sons and daughters of the present generation with loving hand to wipe the dust from history* urn and write thereon the name, virtues and noble deeds of the brave, patriotic, self-sac fificlne pioneer fathers and mothers of lowa's territorial days. Let this roll i of honor lengthen and stretch far out ] like 'the line of Banquo's phantom kings.' Their life has been one long j battle, mingled with labor and love, sorrow and smiles, hardships endured, unshrinking fortitude, sufferings borne with patience, in making homes, farm ing communities and the upbuilding of the state." . The municipal band played. The au dience sang "America" and J. W. Pat terson, F. E. Young, the Rev. Mr. Mitchell and C. A. Bonar comprised a male quartet, which sang, and Dr. ('. R. Mitchell sang a solo. The songs were appropriate to the occasion. Mrs. J. A. Rominger of this city read an original poem written in honor of the Hawkeye state. The great crowd came principally by the Pacific Electric today, but the steam roads brought in goodly num bers, and the Pomona lowans came, IS3 of them, in a special train over the Southern Pacific. The alumni and former students of th- 1 various lowa colleges registered in the auditorium. On the picnic deck, where at noon tie- j basket dinners were served, the former residents of certain counties gathered , in designated places, but no general j registration was made. Stephen Townsend of this city is president of the association. He pre sided at this afternoon's program. Sec retary Parsons of Artesia was another busy worker, The next picnic will be held at Agricultural park, February 22. The association officers are elected at the winter picnic. AGED MAN IN BUGGY IS KILLED BY REDONDO CAR Resident of California for Sixty.five Years Meets Death at Crossing PALMS, July 31.—Begnlo Valenzuella, 73 years old. was struck and killed in stantly by a west bound Redondo Beach car at the First street crossing this morning at about 8 o'clock. Valenzui was crossing the track in a buggy, going north, and it is thought that he did not hear the ear whistle, which the motorman blew several times on approaching the crossing. He Is an old resident of t*;~ part of the country, having arrived lure sixty-five years ego. Many relatives survive him. The body was taken to the Sawtelle under. taking parlors, where the Inquest will be held. FIRE BREAKS OUT DURING FIRE FIGHTING EXHIBITION VENICE, July 31.—While putting out a made-to-order blaze at this place to day tin- Ocean Park fire department was called on to extinguish a blaze in a building contiguous to the lot on which the test fire had been mad. . For the purpose of demonstrating to visiting insurance men and members of fire departments of neighboring cities a small frame building was constructed at the corner of Speedway and Zephyr avenue and set on fire. The hi.- de partment was summoned, and, cutting In on the salt water fire system, had the .laze extinguished in short order. After giving an exhibition of the force of tin- salt water system and throwing a number of streams simultaneously, the department was In the act of put ting away the hose when a blaze was discovered on the roof of the Zephyr building and the boys turned their at tention to the real fire nnd had that out before any amount of damage was lone, It is thought that crossed wires were the cause of the latter blaze. LOS ANGELES HERALD: SUNDAY MORNING; AUGUST 1, 1909. Herald Letter Box is the People's Forum TO COKJUCMFONUJUITS —Letters Intended , for publication ,u*i be accompanied by the name and uddre»« of the writer. The Her ald elves the widest IntltaU* to correspond ents, but assumes no responsibility for their ! views. VIRGINIA DARK — Herald does not l pubibih anonymous letters. No publication In America could print your communica tion In the form you send it. If the revolting (dory you tell Is true Bend In your name and address or come to The Herald office and we will take the case to tie- prosecutor. If it In a attention of brav ery, you are the one to show it. PREDICTS GREAT THINGS IN NEXT HUNDRED YEARS LOS ANGELES, July 31.—[Editor Herald]: There are many who can look back three quarters of a century, and when we note the wonderful discov eries since then, what may we not ex pect in a hundred years to come? Less than one hundred years ago Robert Fulton ran the first boat by steam, and now steam plows the oceans and covers the world In manu facture and travel. Now we have our wireless telegraph and telephones, and are successfully navigating the air. Where we then used candles we now have electricity for light, heat and power. If that much has been accom plished in less than one hundred years, what may we not look for In a hun dred years to come? Even the poet may not he far out of the way in his prophecy: The world will he a better place In a hundred years. We'll have a brighter, happier race la a hundred year*. The Isms of old, the wornout lies, the ancient , wrongs, Will molt in a new sunrise. In a hundred years. The laws will aim at common food, Religion will be for brotherhood ■ And toll will be honored as It should, In a hundred years. Our courts and rulers will be Just, In a hundred years. Our law-makers honest—or so we trust, In a hundred years. The power of Mammon will pass away with I the power of gold. While the world moves on to a grander 'lay, In a hundred years. There will be less misery and less wrong, In a hundred years. Have we painted the world's (ace overbrli_lit, In a hundred years? Well, better so than to picture blight. In a hundred years. As the poet has given us a bright fu ture in a hundred years to come, let us consult those who dwell in the "Temple of Wisdom" and leant what we may look for in one hundred years. They tell us thai electricity Is yet In its Infancy, that steam power will then be abandoned. As we have passed through the wooden age, the stone age, the Iron will also pass, and the glass age "ill be the coming age. Glass, by a in VI process made from sand, will compose our dwellings, and smelters will line our sea coasts wherever sand can be found. Flexible glass will be discovered, and fabrics as soft as silk will clothe our females and furnish their hats with beautiful flowers. Washing clothing and the laundry business will be done away with, as our soft pressed underclothing will be burned Instead of being washed, when sidled. Our diet will be neither beast, flsh nor foul, as fruits and vegetables will supply all of the necessities of life. Just Imagine living in a beautiful col ored glass house, lighted and heated by electricity. Carpets will be out of fashion, as our floors will be laid in beautiful glass tiles. There will be no need of a mail service, as wireless tele graph and telephones will be in every house. There will be no railroads, as electricity will furnish fast motive power for long distances by methods I now unknown. Then the transporta ; tion of cattle, wood, lumber, brick, j stone, lime, coal and oil will be a thing of the past. Will all this be any j more wonderful than what has already been accomplished during the past one hundred years? We have accomplished part of it already with our wireless tel egraph and telephone, and in the vari ous uses of electricity. The millions ' spent In church properties and foreign 1 missions will be devoted to educational institutions, and furnishing homes for the industrious poor. The popular re ligion will be, "To do unto others as ye would that others should do unto you." 'lime would be lessened, as every one who obtained money wrongfully would be confined In a public workhouse un til every dollar so obtained was repaid. Principles Instead of party would be the prevailing policy of the nation. All this may be accomplished before the advent of another hundred years. G. MAJOR TABER. SAYS PROFIT CAUSES ALL EVIL CONDITIONS LOS ANGELES, July 31—[Editor Herald]: It seems strange to me that none of the many writers have any remedies for tin ills they complain of In their letters to the Letter Box. When we analyze the bad conditions that exist the cause of all of them is profit. Why do the great mass of peo ple vote for the profit system? The few Kid the profit, the many pay the profit. ( / The workers for wages, no matter Whether they work behind the desk In a big business establishment or in the factory or the farm, are the real pro ducers of the profit. They are also the largest body of consumers. They, by their co-operative' labor, produce everything. Now. I want to ask them what reason they have for supporting with their votes a profit system? I honestly want to know how the man that pays the profit is bene fited. I hope some reader will enlight en me. The workers first vote away from themselves the raiVf undeveloped wealth that they collectively own, such as your farming land, coal lands, min erals and forests vote it all into pri vate Individuals' hands. Let us see how it works out. You give me your coal land; I mortgage it for sufficient money to buy machinery and hire you intelligent workers for wages to sink a shaft into tlie bowels of the earth, risking your lives in so doing, and for a. wage of $2 you deliver me a ton of coal, and which I sell you fir $8. Very profitable to me, but I fail to see how it is profitable to you. Is it not you bright, educated working men that pay off my entire debt, in cluding the interest? And now, haven't I, as private owner, got the power to tax every working man in the nation by increasing the price of coal when I please? Haven't you voted the same power to make a profit off of yourselves to the men that you voted your forest! to? Don't you Mutts cut down the trees, pay for all the machinery, both in the saw mill and in He- furniture factory? Don't you workingmen co-operatively do all t'.e work thai is done on the chair that you are now sitting on,- from the tree in the forest even to the delivery of it Into your own house? And two thirds of what you paid for that chair is profit. How much of that profit are you get ting for sustaining this private owner ship system? You collectively build your school house, and your children receive their education at the labor cost of producing it with no profit go ing to any one. I cannot understand why the men who see the benefit, and think it right to collectively own their school houses and get their education at the labor cost of producing it, can rut see that it would be equally bene ficial to them to own their forests, mills, factories and mines, and have their furniture at the labor cost of producing and distributing it. By col lective ownership could not all the peo ple have their coal, sugar, flour and everything else that they produce and use at the labor cost of production and distribution? Mr. Reader—l mean you that are pay- Ing profit and not receiving any—how would collective ownership hurt you? H. L. WHITE. STATISTICS SHOW THAT WOMEN USE THE BALLOT LOS ANGELES, July 28.— [Editor Herald]: It seems a waste of time to argue whether or not the majority of women will vote when they have op portunity so to do, Inasmuch as statis tics are available which show Gov ernor Buchtel'i statement to be abso lutely false in respect to equal suffrage in Colorado. Seventy-two per cent of the women who are qualified to vote in that state do so, according to the Colorado secretary of state. Governor elect Shafroth of Colorado says that, while women constitute 42 per cent of the population of his state, 48 per cent of the vote is by them; that the vote Of the women has had a good effect; that in Colorado a man and his wife go together to the polls and vote as a matter of course, much as they might go together to a department store to Shop; that men possessing record! that will not stand the light of publicity are n 0 longer placed In .nomination, etc. In Denver at the last election only 100 women out of 400 voted in one of the most objectionable districts, the reason being that these women are un willing to sign their own names, and the law does not permit them to regis ter under other names. One of the Denver ward bosses was given a term in jail for inducing some women to use assumed names In registering, and tin.! mode of coercion is consequently not so popular as it was. In the recent •lection at Denver the votes of the women kept Judge Lindsay, "the chil dren's judge," in office after both reg ular parties had scratched his name off the ticket. I have heard the Judge him self make this statement from the lec ture platform. The Wyoming secretary of state says that 90 per cent of the women in Wyo ming vote, and W. E. Mullen, the at torney general of Wyoming, says: "I am now convinced that woman suff rage is a rational principle and a bene lii to the state. The women usually vote for progressive candidates and for the correction of abuses in politics, re gardless of party affiliations. The chief justice of Idaho and all the Justices of the state supreme court say in a signed and published statement that "the large vote polled by the women establishes the fact that they I take a lively interest." Any person who "believes" that only the lowest class of women vote grossly libels the good women of these west ern states. Last year the London Daily Express took a "straw vote" on Un equal voting proposition. The total vote was against the extension to women of the full franchise, but an analysis of the vote showed that the unfavorable majority came from tho men, the women voting in the affirma tive by a majority of more than 17.000. According to Governor Buchtel's the ory, the Daily Express must have a particularly undesirable class of femi nine readers. In New Zealand at the last general election (1905) the number of women voting was 83 per cent of those whose names appeared on the electoral rolls. The vote of the men was 84 per cent of those on the rolls, and Sir Joseph Ward, prime minister of New Zealand, ■aye that when one considers how dif ficult it is for women to vote In th-s rural districts of that country the dif ficulty of getting substitutes to look after children, etc., "this electoral re turn shows that the possession of thi franchise was appreciated at a high value." He also says, "I have always supported It (the extension of the franchise to women) In parliament, and, while closely watching its effect. have never seen any genuine cause for believing that It has not worked for the good of our dominion." G. W. Russell, chairman of the board of gov ernors of New Zealand, says: "The woman's view (in voting) is not pounds and pence,. but her home, her family. In order to'win her sympathy—and her vote—the politicians had to look at public matters from her point of view. When they did so they saw that her ideal was not merely money, but hap py homes, and a fair chance in life for her husband, her intended husband and her present or prospective family. I trace nearly the whole of the progres sive legislation of the country during the last fifteen years to this source." If only the "lowest class" of women may be expected to vote, why did the wholesale liquor dealers in Oregon go down into their pockets before the question was referred to the people of that state .the last time and send out signed, letters to the retailers instruct ing each of hem to obtain a certain number of votes against the measure? Why does Governor Buchtel of Colo rado make public statements whose falsity can be learned by any one who cares to look up the facts? Has ni3 attitude and his indorsement by a newspaper not particularly noted as the workers' friend anything to do with the fact that there are 5,000,000 women wage earners in this country, accord ing to the United States census for 1900, and that their average wage Is less than $270 a year? There are a number of facts to support the opin ion of former Commissioner of Labor Carroll I). Wright, that the power to vote will give working women the greatest opportunity to Improve their condition in the industrial world. Un der these circumstances I don't Imag ine that, though the suffragists were to speak with the tongues of men and of angels and to produce hard facts enough to gratify any Mr. Gradgrind, they could convince some employers and employers' politicians that equal suffrage would be a good thing for anybody in the United States. LOUISA D. HARDING. WOMEN WILL LEARN TO USE BALLOT PROPERLY LOS ANGELES, July 27.— [Editor Herald]: The letter from Anti in to day's paper brings to the front the dark side of the coming liberty for women, yet it will not dishearten any genuine thinker, of which Anti Is one. Hood men, many of them, have a lame excuse (short-sightedness) for not going to vote, which has probably brought about the present agitation, which will In time be for good. In New Zealand each registered landown er. irrespective of sex, receives his voting papers through the post, which must be returned. This method oblit erates all the objectionable features referred to by Antl. Women seem to work harder for the good of mankind in the states where they vote, even if they fail from ignorance of their du ties at first. Soon the educated women become more earnest in their desire to help, and they do it with a vim. These dog days are always the most depressing-days of the year, but let no long-haired sister give in to any gloomy forebodings. As to clubbing men— fiddlesticks! Men want help ers, not drivers, and as for the lower class of women, God love 'em, if wo were not so set In our self-respect there would not be so many of them., Margaret Brown of July 23, who calls herself a decent, God-fearing woman, shows by her letter she would like to hang many who are now in tho world. She also says the death sen tence must not be abolished. A lifo term In a penitentiary would not be se vere enough. If a chick came homo to roost Margaret Brown would soon outgrow that narrow ideal Drop your God of fear and find out the cause of things. Begin with the young crimi nals and you will surely find in your heart some tender spot. ELIZA REETZ. SAYS MODERN MINISTERS SHOULD EMULATE NAZARENE WHITTIER, July 28—[Editor Her ald]: The complaint of the good bishop of the irreverence of this age is well taken. What does It indicate? Are the indications good or bad? At a meeting in Cooper institute a few years ago every time the speaker men tioned the name of the church—mean ing, of course, the organization which so calls Itself— audience hissed, and every time he mentioned the name of Christ the same audience lustily cheered. It would hardly be fair to call a crowd who at the mention of the name of Jesus cheered infidel or irreverent. Let the good bishops and dominies take off their fine clothes, spend their days and nights as their Master did and they will not need to complain of lack of respect for themselves or their j teachings. What we need Is prac tlcers and preachers of the gospel. The world Is ready with open arms to re ceive such, but It will not render to position and priestly assumption that high reverence due to Christly char acter and life. Such men will not call any class of men a mob, but with deepest sympathy will be In their midst studying their needs and those of their families, and not be feasting with • Dives. You can never force Americans to bestow upon mere offlca and position that which belongs only to high character and noble achieve-" ment. Go out and get acquainted with the mob and you will find them infi nitely superior in every manly and Christly trait of character to thoso who oppress and rob them- - « SAVONAROLA. No Change The Judge—Your ago, please? V The Fair Witness— Judge,,. I gave you my age once when I was a witness before . "But that was a number of years ago." ■ ." ■ "Well!"—Yonkers Statesman. A Scotch Life Saver Yeast: "A Scotchman has invented a new life-saving apparatus which. Is capable of throwing a line half a mile." Crlmsonbeak: "And what did you say was on the end of the line?"— Yonkers Statesman.