To check on this, I visited Tillamook County Clerk Tassi O'Neil's office. Chief Deputy Clerk Christy Biggs introduced me to their record systems (Susan Holmes, Teresa Marshall, and Robyn Jolly and Tassi have all been helpful during the days I've spent there since this first visit). The direct index lists land ownership transfers alphabetically by the last name of the seller, indirect indexes list transactions by the last name of the buyer, and both refer to the page in a deed book where the entire transaction is detailed.
|Deed Book 7, Page 473 |
Tillamook County Clerk's office
| Bayocean Park's first sale|
by Potter-Chapin Realty
Direct Index Book P, Section 10
Tillamook County Clerk's office
The first Potter-Chapin Realty Company sale of Bayocean Park lots was recorded April 8, 1908. The buyer was Darrell Davis from Portland, Oregon. He bought lots 19 and 20 in block 122 for $120 ($3000 in 2015 dollars). The Mitchells eventually bought many lots, but the first deed recorded for them was on July 18, 1910 (Deed Book 18, p.1). However, when Potter-Chapin first started selling lots on July 29, 1907, they were all by contracts that were not recorded in the deed books until paid off. T.B. Potter Realty Company (Potter-Chapin successor) vs. Mitchell (1914-1916, Tillamook Circuit Court Case # 1503) involved a contract on lot A of block 59 that was said to have been signed on July 30, 1908, in the Amended Complaint, the date being one of the corrections, having been initially given as July 30, 1907. Unfortunately, the original contract itself was not in the file at the Oregon State Archives. With the huge publicity preceding it, I would be surprised if they didn't sell the first lot the day sales opened, July 29th. The first contract TCPM has a ledger for is numbered 370. Until number 1 shows, up we just won't know for sure who bought the first lot.Getting back to Darrell Davis. Who was he? The 1910 US Census indicates that he was from Iowa and twenty-seven years old, so only twenty-five when he bought the lots two years earlier. He worked as a furniture maker, and boarded at house number 128 on 14th Street. Portland city directories show Davis moving a lot during the next eight years, but he continued working in the same field. The last listing (1918) shows that he had married (Emma) and was living at 192 Porter. I could find no additional information about him.
|Oregon Journal, August 25, 1907, p19|
In their initial push, during the last half of 1907, Potter-Chapin was running two or three ads per week in both the Oregonian and the Oregon Journal. Some guaranteed buyers they'd double their money. Others said twenty times their investment was more likely. They suggested buying two lots and selling one later for the price they paid for both and keeping the second to enjoy for themselves. Many writers have used these ads as evidence that Potter and Chapin were aggressive to the point of dishonesty; but Davis actually proved them right.
In 1910 Davis sold lot 20 for $650 ($15,925 in 2015 dollars; Deed Book 16, pp. 303-304). In 1913 he sold lot 19 for $300 ($7115 in 2015 dollars; Deed Book 26, pp. 86-87). So, in just five years Davis made about seven times his investment, and did so with sand lots out in the hinterlands. Not bad. On other hand, whoever last owned these lots lost everything, because they were eventually foreclosed on by Tillamook County for non-payment of taxes. This is the sad story shared by most folks who ever owned property on Bayocean. But the fault was unbalanced jetty construction, not Potter-Chapin sales tactics.