Researching my weekly history column for the Post Register, I found an interesting ad on the financial page of the Sept. 7, 1920, Portland, Ore., Daily Journal. It might be of interest some of my commercial real estate friends. The copy reads as follows:
“Per Capita — Idaho Falls is One of the West’s Wealthiest Cities ... The fact that Idaho Falls’ immense wealth is based on agriculture and it is the trading center of a vast irrigated region makes it unusually solid and places its bonds in the class of PREFERRED INVESTMENTS ... ONE TO TEN-YEAR 6 1/2% IMPROVEMENT BONDS ... INCOME TAX EXEMPT PRICE TO YIELD 7%”
Bonds could be bought in denominations of $100, $500 and $1,000. The ad was posted by Lumbermens Trust Co., under supervision of the Oregon State Building Department.
