Show WILL BUILD AN EMPIRE social and industrial millennium seems within the promoters grasp portland juul 29 the greatest experiment in operation cooperation co that has ever been tried in the world will be made in oregon backed by tha moral influence of the american institute ot social service and by the financial power of two of the great trust companies of this country its promoters this afternoon in portland incorporated an organization to build a model city in the upper Wllliam etto alley establish anil operate factories acquire and develop a large tract of lend in central oregon build railroads and found an empire that will be a step nearer the industrial and social millennium than any undertaking has ever reached before the enterprise Is known as the operative cooperative co christian federation it has a capital stock of the head of he movement rev H 3 wallace lag just returned from new york where he completed ar range ments for financing the enterprise with the title guarantee and trust company of america one guarantees the principal and the other the interest on the bonds 0 ulcers of these trust companies with some of thu best known financiers in oregon will bo on the board of directors the incata B W langdon president of the first national bank of albany N W blagen of the bucola bucoda lumber company samuel connell president of Northwest ora door company J frank watson president of the merchants national dank L 0 balston nal ston dent of the oregon savings bank har ry L corbett of the first national bank C E S wood walls nash ond H S wallace cheso men with fifty more including the leading 01 the country to bo accepted by tho new york trust companies will have the management of he federations industrial features the federation Is the result ot several years of work by mr wallace and has grown out of repeated conferences feren ces with financiers and sociologists in these conferences have participated dr J M buckley of the new york christian advocate dr joseah strong and other leaders ot modern thought oregon has been selected as the location of the federo alon for economic reasons all tho members expressly disclaim any interest in the properties of the federation and confine their claims to the duration of their membership they will receive wages tor their work and a share of the profits of the entire workings after providing for operating and other necessary expenses including social advantages relief for the sick maintenance ot widows and orphans residences in the federation towns will be acquired by the members through their earnings there will be no lawsuits no dirt no and no idlers in the towns of the federation |