Evening Star Newspaper, April 2, 1921, Page 14

Comfortable Home and Productive Farm of Approximately 100 Acres House situated in splendid grove of trees. Contains 7 rooms, bath and lavatory. Has all modern improve- ments of hot-water heat, electric lighting plant, automatic electric pump, plumbing, etc. OUTBUILDINGS Exceptionally large barn, carriage house, cement- floored dairy barn, silo, tool, poultry, tenant and ice houses, etc. Located in garden spot of Montgomery county, Mary- land, close to school, bank, hospital, etc. A most cultured and progressive community. Tor price and particulars, apply to THE F. H. SMITH CO. EXCLUSIVE AGENTS. 815 15th St. N.W. S READ THESE!! Six Houses Especially Selected for Their Extraordinary Value and Easy Terms North Columbia Heights Tapestry brick house one- half square from Fourteenth street, seven rooms, bath, and extra lavatory off master bed- room; glassed-in_sleeping and breakfast porches; electric lights, hot-water heat; oak floors: colonial front porch; garage space at rear of deep lot. Price, $11,500. McKEEVER & GOSS 1405 Eye St. N.W. Main 4752, Mount Pleasant The finest buy in this sec- tion at : one square 1t of brick, seven spacious two tiled baths: ts. hot-water & porch; s Price $13,000. McKEEVER & GOSS 1405 Eye St. N.W. Main 4752. throughout, Cleveland Park There are orily a few houses available in Cleveland Park, and this is onme of the very best: M contains nine rooms practically planned, two baths, many minor improvements, hot-water heat and electric lights; oak floors, open fire- place, etec. Completely de- tached on large lot. Price only $18,750. & GOSS . Main 475 Large semi-detached brick home near Soldiers’ Home be- ing offered very reasonably. Fine first floor plan. four bed- rooms and tiled bath: very at- tractively decorated; hot- water heat and electric lights; doubie rear porches, hardwood floors and trim; garage on alley. Price, $11,500. McKEEVER & GOSS 1405 Eye § -W. Main 4752, McKEEVER 1403 Eye St. N.W. = == Saul’'s Addition Beautiful shingle home in the best section of this popu- lar suburb; six large rooms, tiled bath and every modern improvement; hot-water heat; electric lights with select fix- tures: slate roof; house com- pletely detached on large lot with room for garage on alley. Price, $11,000. McKEEVER & GOSS 1403 Eye St.'N.W. Mailn 4752. Chevy Chase, $11,750 Brick home of seven rooms and two baths, thoroghly mod- ern throughout with hot- ‘water heat and electric lights; .oak floors; beautifully deco- rated first floor with colonial framed fireplace: sleeping porch; garage on alley. McKEEVER & GOSS 1405 Eye St. N.W. Main €752. Phone Now—Main 4752 Real Estate 1405~Eye_Street. K. T 7 o 7 4 % 7 HE BUILT A HOUSE! —picked a splendid location, designed (apparently) perfect to the letter, hired the best workmen and bought the finest ma- terial—and turned out a house that the building expert could not find a flaw in. But to the passerby there was something wrong—the place didn’t ring true. The house simply lacked that combination of ‘head and heart that is necessary in everything that is 2 daily part of human life. It does not do merely to be technically correct—for the technically correct thing is likely to become monotonous as a steady diet. If you want to see an ideal combination of head and heart in home-building, go out to see the homes Fourteenth and Ingraham Streets The corner Homes have five (5) bedrooms and three (3) baths, living rooms the full depth of the house. The other Homes have four (4) bedrooms and two (2) baths, besides big living rooms and an extra clubroom on the main floor of each home, this latter being the very latest of practical ideas in home designing. Hot-water heat; electric lights; large front and rear porches; linen closets. Also an unfinished third floor (space for two extra rooms). All closets are equipped with shoe racks. They Sell For Less Than New Row Houses! See Them Sunday! To inspect—Take Fourteenth street car (unquestionably the best service in Washington) to Ingraham street, or drive out Sixteenth street to Colorado avenue, then one square to Ingraham . Built and Owned by SHANNON & LUCHS i 1 Catholle Universit The Star for many years. Solution of the high rent problem throughout the country lies in a re- duction of the interest rate on real estate to normal figures. The govern- ment, through the Federal Reserve Board, should insist on a return to peace-time interest rates. This is the belief of J. S Otis of New Orleans, a mahogany lumberman. With a lowering in interest charges would follow: cheaper Jabor, he de- clares, for it is his understanding that labor will gladly co-operate If the government leads the way. Mr. Otis presents some interesting figures, showing the effect high in- terest rates have on the renter. Build- ing houses or apartments to rent is just like any other business, he points out, giving as an example the follow- ing tabulation of expenses charged to house: Saving of $900. Interest at & per cent on $15,000, $1,200 per year; taxes, insurance, etc., 3 per went, $450; depreciation, 3 per cent, $450; painting and repairs, 1 per cent, $150; landlord’s net profit, 3 per cent, $450; total rent charged, $2,700; rent per family, $1,350 per year, or $112.50 per month. If interest rates are reduced from § per cent to 5 per cent, normal of peace- time interest rate on real estate, Mr. Otis believed that labor would fol- low (without any loss of buying power) with a cut of 20 per cent, reducing the cost of house it much. 1t, therefore, would then figure out this way: Cost, $12,000; interest at 5 per cent on $12.000, $600 per year: taxes, in- surance, etc., 3 per cent, $360; deprecia- {tion, 3 per cent, $360; painting and re - {pairs, 1 per cent, $120; landlord's net profit, 3 per ecent, $360. charge, $1,800. The saving, when the interest rate is reduced, &mounts to $900, or $450 per family a year, or $37.50 per month per family, “thereby reducing rent from $112.50 to. $75 per. month per family, or 33% per cent drop in rent. Landiord Retains Profit. It will be“seen from this example that each tenant's rent would be re- duced $450 per year, or $37:50 per month, and still the Jandlord would make the same net profit providing the government through the Federal Reserve Board would inmsist on the rate of interest charged by the banks and others be reduced to the usual Deace-time rates of interest, which are in effect on savings accounts. One's first thought about this,” Mr. Otis states, is “Why, the landlord would not give the tenant the benefit of this big saving.” ‘Maybe the landlord would not at first,” ‘he sald, but investors and pro- spective: landlords would be attract- ed by the big net profits in renting property. Bullding would _start up Total rent You'll Like Armsleig’h Park —because it is so at- tractive in its location —and the Cottages and Bungalows which com- prise this refined com- munity are models of modern Homes. Wholly detached— six and eight rooms— modern in every detail of equipment. I want to show them to you—and let you see for yourself what a splendid investment a home in A rm sleigh Park is—for present comfort and future contentment. Phone me — Cleve- land 1490 — and I'll come for you in 'my auto. Or take Chevy Chase cars to Albemarle Street, walking west— Wisconsin Avenue cars to Windom Street— coming to the Park Office, 4415 39th Street —open every day and evening. A modest cash pay- ment and easy terms buys them.’ BT G T R. E. Hamilton Owner’s Representative 4415 39th Street the tenant on a $15,000 two-family |} everywhere, giving The detached brick residence 3538 13th street northwest, owmed by South Trimble, was old this week to Dr. Manuel de Olive through the real estate office of Boas & Phelps. The home was erected by the late J. Whit Herron, busincss manager of CUT HIGH RENTS BY REDUCING INTEREST, SAYS LUMBERMAN Urges Return to Pre-War Rates—Believes Building Boom Would Result. Illustrates Plan. employment hundreds of thousands now out of work, then the old law of supply and | demand would come into play and| force rents down by competition. Labor Biggest Item. ers, etc. their biggest gene down. inety per cent of the cost of a house or building is labor. labor that manufactures the logs into | lumber, the clay into bricks, the iron | into nalls and hardware, etc. the labor that builds the house, such | as the carpenters, bricklayers, paint- Now practically every one! of ‘them pays house rent and it is item of expense and about the only thing that has not! If their house rent went i down 3315 per cent, they could work | for 20 per cent less wages and still ira Lima of First, the Second, || FUTURE BUSINESS Encouraging Replies Made by Big Interests to Advertis- ing Agency’s Questionnaire. That real estate men and trade in- terests generally foresee a vastly im- proved future for business during 1921 is indicated from a survey just completed by the O. J. McClure Ad- vertising Agency in Chicago. Seven questions relating to business condi- tions and opinions were directed to 1,300 business men in all lines of in- dustry. It was virtually the unanimous pre- diction that business in the next six months will be better, and the ma- Jority were optimistic for the entire period. Questions Asked. The seven questions put to these men and the consensus of their an- swers follow: How does present volume compare with normal? Seventy-five and three- fourths per cent reported that it was below, 156% per cent said normal an 8% per cent above normal. There were many comments to the effect that “business is what you make it.” How does present number of em- (money) in their pockets as they ever did, after paying their rent. “My understanding is labor will gladly co-operate if our government leads the way by forcing down in- terest rates to normal or peace-time rates. “Rent, whether it is house rent, or store rent, or warehouse rent, or picture show rent, figures into the cost of living. Reduce it and you lautomlflmlly reduce the cost of liv- ng. “Lower or normal interest rates are bound to start up building. Start up building and youw put millions of dol- la.s every week into the hands of labor to buy the products of the farm, the factory, etc., and that spells prosperity and normal times. Wanted— | Manager and Salesmen | An old established real i estate firm, having promi- i nent grade floor location, finds the need of more ex- perienced salesmen. Also desires the services of a capable and experienced salesmanager. k Excellent opportunity. State experience. Replies confidential. Address Box 298-H, Star office. to have just as much buying power If You Are Looking for A VERY CHOICE RESIDENCE 3240-3242 Nineteenth St. N.W. (Just North of 19th and Park Road) These homes are 25 feet wide, contain 8 rooms and 2 baths, 1 shower, 4 bed chambers, attic, open fireplace, built-in bookcases, drop beam ceiling - dining room, tiled kitchen, reinforced concrete porches front and rear, automatic clothes re- ceptacles, built-in garages. Homes that are unusual in every particular, Inspect’ 'APRIL d|to b} 2, 1921—-PART 2, 2, two per cent reported a subnormal condition® of employment, and with these are included all who have their regular force, but are working short hours. Thirty-one per cent say th employment is normal, and 7 per cent are employlng more than a normal| force. How are collections? half say that collect 513% per cent, to be per cent report more or less difficulty in making collections. In e anation of these figures it should ed | that very few reported serious tion trouble, but that all w fair” to this question were as normal. ployes compare with normal smy-‘ More Vast Improvement Reported. Has your business improved in the past sixty days? Sixty-five and on half per cent reported an improv ment ranging all the way from “slight” to a complete restoration of | boom-time business. one-half per cent provemeny, and 4 per business was getting What is the prospe: fin the next sixty day this point that optimism assert ftself most forcibly. no im-| nt said their! per cent “fair” and 48 per c “good” to hest e Only 19 per| cent reported unfavorabla prospects for business in the next sixty days What is the prospect for busine in the next six monthsT Here opti- mism was almost unanimous, 93%: 1 cent expressing the opinion that their | business would be better in the next six months. Of these 92% per cen 28 per cent tempe with some such expression a: good,” ‘‘grad while €41 per cent “much better,” “best w had.” Seven 'and one-half per predicted poor business for the nex six months. Optimints in Majority. On the whole, are you optimistic or | pessimistic about the yea 2 optimists led with 79% per cent 203 per cént. Answ we have good crops have too many strikes” o were thrown out. The 7914 per cent are “dyed-in-the-wool” optim They are sure they are going to b a good year and are making pl accordingly, and_this alone will big factor in making business good. Permits for 238 repair jobs were! issued by the District building in spector in January. weather sets output will be $10 Pr. 2Lar into Glendale, D. 1410 G St. $10 Cash Will Pay for Lots WE WILL BUILD YOUR HOME Call at our office. See the plans and pictures of many pretty kouses and bungalows we are building. COME OUT Take H street cars marked D till dark, or phone Main 3908, IRVIN & SHANK Ice Plant About Ready. rection of the new plant for the | | Washington Ice Manufacturing Com- | pany at 23d and N streets northwest | been about completed. 1 be ready for operation before hot in permanently. virtually e Mo. ge €. Our reprs N.w. The plant The trebled | | through the enlarged facilities, it is “Colored tive is on © 2l one of our & A home of distinction. as exterfor. It is now in perfect repair. glllllflllflllIIII|I|IIIIIII|llI|INIMMMWMWWWMIIIIMWMHIHMMWWMMWMM , For Sale By —Immediate Possession Giver Perfectly appointed.” Modern in construction throughout. interior as we! This house was built in pre-war days when the best material was used in construction THE PRICE IS RIGHT I am told by a builder of prominence that this house is the best buy in Washington for its size. THIS HOUSE WILL BE SOLD ON SUNDAY, APRIL 3, FROM 10 AM. TO 5 PM.—THE BEST OFFER GETS IT | NEW POSTAL STATION. The St. James postal station, lo- cated in the St. James Hotel, on | ow nsylvania avenue, opened . being the newest vashington city post « new station was doing & | rushing business in parcel post and money orders within a few hours. Nearly 30 per cent of Washington homes are owned by their occupants. Home ’ SUNDAY rict line to 4Sth street northeast—walk south property esery day and Sunday omobiles will take you to the property. e m 1A and must be seen to be appreciated. Price, $16,500 (Reasonable terms will be accepted) Open for Inspection Sunday See Mr. Crandall on Premises CHAS. D. SAGER 923 Fifteenth Street N.W. “Headquarters for Homes” R New Petworth Homes Overlooking Beautiful Soldiers’ Home: Grounds : Entirely New Operation INSPECT SUNDAY 4114 3rd Street N.W. Open and Lighted Until 9 P.M. Our Terms Are Very Liberal 4 Large Bedrooms Large Living and Dining | Breakfast and Sleeping Porches Yery Deep Lots Take Any 9th St. Car Marked Soldiers’ Home and Get Off at 3rd St. D. J. DUNIGAN 1321 N. Ave. Phone Main 1267. T El = E E = 1514 K Street, N.W. 1428 Buchanan St. N.W., Corner 15th i 11 Armsleigh Park is Most Desirable Residence Community \ Every Home within its limits—now erected, or that may be erected—is of a tvpe and a standard that will preserve the exclu- siveness of the Park. Cottages and Bungalows wholly detached; six and eight rooms: modern equipment—most excellent plan. point in the District—within ten minutes by auto to the Treasury Department. Prices are remarkable — $8,750 to $11,500 $1,000 Cash Is All You Need __Balance can be arranged upon monthly payments. Two car lines accessible. Representative on premises—every day and evening. Cleveland- 1490. Phone our office—~Main 4846 Saturday before 5 p.m. Sunday before noon —and we will arrange to take you to inspect these wonderfully at- tractive Homes. : Owner and Builder Harry A. Kite N e G AR Located on the highest Phone Phone Main 4846 ,,u|1|||||I||I|||||||||||nnm|mmmmmmmnummmmmmnmlllmumlmmmmmmnmmmmmmnmmmmmmmmmmmm i e e