26 Jan 1906
Page 1
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Newspaper
Saint Johns Review
Location
Saint Johns, Oregon, United States of America
Date
Jan 26, 1906
Page
1
Wnell, involved in an obscure claim, has made arrangements to liquidate the outstanding obligation. The report notes limited action and ongoing steps to settle the liability. Proceedings indicate a cautious approach by Wnell without major developments yet.
The adjourned council session led by Mayor King saw all members present except Peterson. The meeting approved Ordinance 68 contracting with Portland General Electric and noted other actions from the finance and dock committees. A Portland Journal critique on a St Johns smelter drew rebuttal, arguing modern smelters are less harmful and could boost local industry and Alaskan trade, with talk of a possible 200,000 ready investment and local stock ownership to spur peninsula growth.
W F Stine of Charlotte Michigan buys Hazelwood corner for six thousand cash and acquires a 25 foot lot from W H King Land Company and Donelley market for forty five hundred. He also purchases Jackson’s drug store front area near Peterson Co and a restaurant for about eight thousand and buys a corner at Ivanhoe and Bacal streets for three thousand six hundred. He plans to develop the properties with workers starting Saturday and pays cash to enable immediate further purchases, later traveling to Michigan and California before returning for more investments.
A local note explains St Johns growth with households adding producers and new residents. It mentions the Clark family welcoming a newborn born Wednesday January 10 at 412 Alleghany Street and encourages insuring with Peninsula Bank.
The St Johns Land Company announces the opening of a three acre tract formerly owned by Mrs. P. T. Smith between Chicago and Burlington streets, one block east of Jersey street. Platted into lots and on the market from 400 dollars upward, with Jersey street nearby seeing 3000 to 4000 dollar lots. Growth expected to push prices higher as city expands. Easy terms include 25 dollars down and a small monthly payment.
Pete Peterson repeatedly buys and sells the same property, profiting each time. He previously owned the St Johns Grocery building, sold it, and has repurchased it as it returns to a $55 per year rental. The article hints he may later redevelop or sell again, keeping observers watching St Johns.
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