for their residences ; parks and streets were im proved ; street-car lines added to the convenience of locomotion ; business blocks arose that rivalled in stability those of older commercial cities; and wharves extended farther and farther along the river front.
In May 1887 articles of incorporation were filed by a number of real estate brokers, who formed a Real Estate Exchange. The object[1] of the corporation, as expressed, was laudable, and their number promised success, and the erection of a handsome Exchange building. The military companies built themselves an armory on an imposing design, and the Young
Men's Christian Association followed with a structure of great merit, while a building known by the name of the Portland Library, and destined to be occupied
- ↑ The incorporators were Ellis G. Hughes, W. F. Creitz, T. Patterson, J. P. O. Lownsdale, L. M. Parrish, and L. D. Brown. The avowed object of the Real Estate Exchange is to secure a responsible medium of exchange of equal benefit to buyer and seller, to equalize commissions, to foster the growth of the state, encourage manufactures, and invite capital and immigration. The list of stock-holders is as follows: L. F. Grover, Ellis G. Hughes, A. W. Oliver, Eugene D. White, E. J. Haight, Frank E. Hart. John Kiernan, Geo. Marshall, A. B. Manley, Robert Bell, J. W. Cook, Philo Holbrook, M. B. Rankin, H. C. Smithson, A. E. Borthwick, L. M. Cox, Geo. Woodward, John Angel, H. D. Graden, J. F. Buchanan, Fred. K. Arnold, E. W. Cornell, L. M. Parrish, Geo. E. Watkins, H. B. Oatman, R. B. Curry, J. L. Atkinson, D. W. Wakefield, A. W. Lambert, W. F. Crietz, T. Patter son, W. A. Daly, T. A. Daly, J. Fred. Clarke, Geo. Knight, Geo. P. Lent, A. J. Young, Van B. De Lashmutt, B. F. Clayton, J. P. O. Lownsdale, P. W. Gillette, David Goodsell, H. D. Chapman, Ward S. Stevens, J. W. Ogilbee, C. M. Wiberg, S. B. Riggen, R. H. Thompson, Geo. L. Story, Win M. Killingworth, W. K. Smith, S. M. Barr, E. E. Lang, L. D. Brown, James E. Davis, Ed. Croft, Benj. I. Cohen, J. W. Kern, J. G. Warner, E. M. Sargent, Sherman D. Brown, W. L. Wallace, E. Oldendorff, John M. Cress, Mert E. Dimmick, D. H. Stearns, W. G. Telfer, Edward G. Harvey, L. L. Hawkins, D. P. Thompson, Frank Dekum, Dudley Evans, E. D. McKee, James Steel, T. A. Davis, A. H. Johnson, John McCracken, Donald Macleay, Ed. S. Kearney, C. A. Dolph, J. N Dolph, Henry Failing, N. L. Pittock, R. M. Demeal, A. L. Maxwell, Preston C. Smith, C. J. McDougal, James K. Kelly, John H. Mitchell, W. A. Jones, C. W. Roby, Wm P. Lord, A. N. Hamilton, J. A. Strowbridge, John Gates 95 members. Two are U. S. senators, two ex U. S. senators, 12 are capitalists and bankers, one judge of the sup. ct, one mayor of Portland, one postmaster of Portland, 2 newspaper men, one a major in the U. S. army, 4 attorney s-at-law, 8 merchants, one manager of Wells, Fargo & Co. s express, one R. R. agent, and the remain der brokers and real estate dealers, 40 of whom are the holders of seats in the exchange. Rooms have been taken for the present at the corner of Stark and Second sts. The admission fee was at first $50, but was soon increased to 8100. No more than 100 seats will be sold, and the quarterly dues are fixed at 815.
