Evening Star Newspaper, July 2, 1921, Page 11

Real Estate Investments * Part Two. The Foening Shar, 1921 WASHINGTON, D. C, SATURDAY, JULY 2, Einan '.Class_ified ce Ads. . 8 Pages Millionaires 'Everywhere BY ROGER W. BABSON. This is the second article of a series on “Making Good in Bus! ness,” appearing in The Star. The third will appear next 8. hence, and the thing that is the hard- est to sell today will be the easiest to sell a few years hence. If a man likes details, if he likes figuring, if captains of Industry of the next quar- ter century are going to come from the same source. The bankers, manu- facturers and merchants of the next generation will not be the sons of the bankers, manufacturers and the merchants of today. The bankers, manufacturers and merchants of the next generation will be the sons of the farmers, professional men and wage-workers of today. “Isms” Won't Change Things. ‘This will not tbe due to any revo- PURCHASES SAVOY APARTMENT HOUSE. g A continued on_the first floor of the building at 819 15th street mnorth- west, which was recently purchased and remodeled into adequate offices. Col. Willlam E. Fowler, president and chief stockholder of the company, will direct, personelly, the banking and management features. The discontinued brokerage, rental and insurance departments have been taken over by Willlam 8. Quinter, long associated with the Fowler com. pany. He will keep his offices at 31y 15th street. Notable Speakers to SECRETARY HOOVER TO SPEAK AT REAL ESTATE CONVENTION Cover Wide Range of Subjects at Chicago—Record Crowd . i 5 lution or soclal upheaval. Soctalism, rday. he likes to pore over accounts, if s e . he thoroughly enjoys doing these E;;‘;,’,‘F"i':";;ol"‘éo;"gy lgi’;;“,pk;“"?l of w yeas 1 was employed by | things, then he should become a % fR 1 E d A fow yeara ago T was employed by | (HRes, HEr b countant, A7 o man | me In our individual stroggle Theso o ealtors Lixpected. & great maganize publisher to e e e eople's ‘ail. | theories are designed to help only a study of America’§ leading indus- | LrJoXS T e come & doctor. It | the politicians who advocate them. y tries. Tho purpose of this study was|a man enjoys speaking in public and E’;‘elcfifflfif‘e!";‘fa%rem\;{e:&:SSZV:;%':::! Secretary Hoover is scheduled toAddress, Josiah Kirby, president of to find those Industrles in which op- [ Continues to practice it he will be- | FRICH W8 made America So sucsess make an address on the housing sit- | Cleveland Discount Company, “Look- portunities for success were greatest. come a public speaker. In fact. the solution of not only our individual success. The advocates of T0BUILDISSUED uation Tuesday, July 12, the opening Noon—Luncheon for women at the This publisher is one of the men |individual success, but many of our day of the annual convention of the |South Shore Country Club, followed who “makes” prosperity. He enjoys |industrial ills lie in finding what National* Association of Real Estate |by automobile tour in the afternoon i et . I finding the | system is unworkable, but that they i e Afternoon—Address, ~Clvic | Hos- taking hold of some particular brand | (ur 0 0y nie "o do it, and then doini | have a better and more practical Boards, in Chicago, according to the | i yiy v Hyrry Fritchman, former of product, of which very few have it with all one’s might. The fact is system. Many Projects for Homes Re- program of the five-day meeting, just mayor of Boise, Idaho, and father of T L ven o S| Why is it that the boys and girls i = 3 - ever heard, and making all of us go |tat, if any one has given consider: y c received by Washington realtors. | the tourist park idea; address able time to any emyployer, that one | Of the so-called employe classes be- ’ i hn S Hocd 6 s | nite Recommendations for Legis sto.thio markat axd desund It ana | Will probably he better oft to stay | come the industrial leaders of Amer- corded With Inspector cithe same duy John 5. Hord of this 1o Help Relieve the Housing For this publisher I tried to find|with Yhor employer. It any one ica? 1t is because individual suc- p Sits, Iormor commias apes Senitor Willlam M. Calger New some product which had possibilities of development, but in the producing or marketing of which no one was then making good. To my great sur- devoted considerable time to a given industry that one no_ doubt will be considerably better off to stay with that particular industry. If any one has established a reputation in a cess depends upon certain qualitles. It. is bec: those certain qualities are most easily develoed in the home of a working family. When any great wants captain of industry 2 young During Week. Construction permits for buflding Philippine Islands. will lead in a discussion of the sales tax as-it applies to the construction industry. Senator William M. Calder of N York, chairmap of the ot .| Home Buildings,” York, chairman of the select commit- | tee on production and reconstruction; | address, “Getting Together to Start Daniel Crawford, president of the Philadelphia Opera- ;i Ve i s ances of success|man to represent him he seldom goes operations cesting more than $350,000 L. OM= | v, ders’ Assocl i i i p o as becn estab- home i 3 . 3 . 5 : ilve o a4 R i aianon ;’:fim“séo‘)‘;‘fix:fin:fimfii Tielen Ehan’in ':.'.:n::;n‘\‘;? flrds. 1f any| One of the saddest features of the building inspecor. Many home pro- | mendations for Legislaiion to Help 5"2”"{“‘ D‘EE:;';‘F:‘ “f}}*";h‘""c’f‘lu:a R soma bne. ‘Somewhere, was not |one has devoted considerable time to | Present teachings of trade unionism jects were recorded. “.‘;]*;‘“1,1,‘ e Housing Shortage” at}y,, 4" preeiding. making millions of dollars. a miven profession his opportunities| IS the false doctrine that labor no The list follows: ANCSCAY'S SEhslOn hursday; duly ik N e are greater in that profession about ) longer has any hopes of developing L V. Tippitt. to build 1201 5th Wide Range of Subjects, " ¥, July 14. Opportunities Equal Which e has some knowledge than|into the employer class. Surely or- L. V. Tippitt, to build at 1201 & Taxation will, no doubt, be the pre- | Forenoon—Topical and educational The result of this investigation|in'some-other profession of which he| ganized labor is making its saddest street northeast: cost, $8,000. dominating issue Lo come before the | Onferences —on onstruction and showed that the reason why §omelig yninformed. Your and my individ- | mistake in accepting this position as 7. Duffy, to build at 1220 Lawrence | convention, because. in the opinion [MAnagement of apartments, subdi- People make a success and others fall (1 unnformed Youb ang Y that we | final. Evidence of this may be found D s oF s ealtore. relief of the hous. | vislons, publicity and advertising. in- is purely a matter of difference in ability. Opportunities exist in every line of business. Opportunities are almost equal over a period of years are now doing. It is based upon how faithfully we prosecute the work at hand. , in John Mitchell's book on “Organized Labor.” In that book Mr. Mitchell be- Eins with this statemen he aver- age wage-earner has made up his P. Chacona$, to repair premises 730 | 6th street; cost, $4,000. John Klein, to repair 1063 Wisconsin ing and building situation to a lar extent hinges on revision of the ma- tional revenue laws. Other national problems of paramount interest will | dustrial propert . office sy tems, Torrens’ system of title regis tration, multiple listing, development and management of a sales force, sec- in all lines. It is true that in the Rich Boy Handicapped. mind that he must remain a wage- avenue; cost, $16,000. be the housing shortage, building |Tetarics and mortzage loans. analysis fall there is a greater demand for| Sometimes we hear the remark that|earner. He has given up the hope of J. Freund. to build at 2601-2809 26th [ dtimulation. ejty planning, agricul- |Of business conditions and What they fur coats than for straw hats. It iS{the opportunities for the young man{a kingdom to come, where he him- street northeast: cost, $20.000. tural interests, national finances, g”"l""‘;~ l;‘.v .\lgflx\'nn_r.\ Trh_vl;r. presi- i ent of the Fir rust and Savings only a few months. however, before are not as great today as they were self will be a capitalist, and he asks H. A. Kite, to build at 3501-3807 civic hospitality and various phases Bank. Chicago. the straw hat man will be reaping his fyears ago. Statistics show that this|that the reward for his work: be Alton place; cost, $30,000. s i A Varvest while the fur COAt man's|atatement Is absolutely wrong. Not| oiacy ey Fe®Are workingman. Sta- Ol Dutch Market, to build ware- | “ghealty achvity, Affernoon—Visit to Great Lakes business will then be dull. only wrong, but that the opportuni-| gistics show that this need not be the house at 62: B street; cost, 000.| o Iy 11 i naval training station. Parade of At times there is a great demand |ties are even greater today than they | cage. The opportunities for the wage- F. D. Kleinkieweiz, to build at 942, Monday, July 11. 18,000 sailors and review, received by for men in certain lines of industry. |were years ago. I will go a step fur- | workers. are as great today as ever, 944, 946 Shepherd street; cost, $12,000.| Night: Informal “set-acquainted X Murtzbaugh, command- In these lines men then get large|ther and that the opportunities|j¢ only they will seize these oppor- W. J. Rogers, to build at 1673 W |entertainment for men and women at President Taylor and Realtor wages. This fact of itself attracts afor the poor m son are even | tyunities and develop themselv o~ as street southeast; cost, $4.000. the Chicago Real state Board . Emery of Grand Rapids, great many men to the industry and J. Reinhardt. to build at 1716 Newton | reom commander of the American greater than those of the rich. Let responsibilities. to assume greater 4 The most disastrous thought that “one could ever hope to entertain would be to think that he is always going to remain just as he is with no hepe of further development. Freshmen Are Hazed. Tuesday, July Add lcome, Mavor William Hale Thompson. Chi- Address of welcome, L. M.} president of the Chica ate Board. Response and annual port, Fred Ore., president of the National sociation of Real Estate Boar: dress. Herbert C. Hoover, Secreta of Commerce. Report of the office: of the national association Afternoon: Frank Branch Rile Portland. Ore., humorist, traveler and addres: elling America to Discussion of the sal Hord, Washing me illustrate. In connection with the study of America’s greatest industries men- tioned above, I became interested in the history of the men who were at the head of these industries. There were seventw especially prominent ones. This study showed that America’s greatest railroad bullder, Edward E. Harriman, was the son of a minister; that America's greatest magazine editor, George Horace Lori- mer, was the son of a minister; that America’s greatest administrator, Her- bert Hoover, was the son of a min- ister. The study also showed that John D. Rock thus ultimately overcrowds it.” The industry which today pays the higt est wages may be in a few vears pay ing the lowest, and the industryi which teday is paying the lowest wages may be in a few years paying the highest. The wheel of opportu- nity is slowly but continually turning. The old adage of only three gener: tions from shirt sleeves to shirt sleaves has not disappeared from our economic order of things. ' Right Where We Are, There are good opportunities in every line of business, there are op- uortunities in almost every locality. Friday, July 15. Forenoon—Reports, resolutoins com- mittee, committee on finance; H. R. Ennis, Kangas City, councilor to Chamber of Commerce of the United States, and L. F. Eppich. Denver, on | Chicazo convention clubs. - | _Afternoon—Addresses. Andrew R. Mc- . K. C.. Montreal, liberal leader Canadian parliament, associate sel of the National Association for Award trophies and cups to winners of contests. Selection of con- vention city, report of nominating 'ommittee and election of officers. Bright, 1o repair 1013 B street S 00. build from 4607 | northwest; cost, Forenoos to Henry P. Elliott has acquired possession of the Savoy apartment house, ¥ 2 stree 2804 14th street northwest, corner of Girard street, from the Columbia Syndicate through the oflice of the Union Realty Corporation. The bullding les high and ins thirty-five apartments. It reported the When a young man goes to college e O et or hasing 1 | Price was approximately $175000. his freshman year. Why does he teke | this hazing in a good, manly Sbirit?| e same to any two people. Indi- | more prosperity and greate: = Simply because next year he Wil be a | viqual success does mot hecessarily | ness to all Kreater happl s s, Will eduiiplster:dha | YIJUal BUEean dogs ot Koo e D L siderea. the Ndlvidusl same dose to the then bloSSOMInE { i otner hand it does not exclude it | problem of each man and woman, and freshmen, but, if When a young ™an | Agk the dyed-in-the wool Amcrican | have found eight obstacles that are once became @ freshman he alwWays | jyginess man whit suceess is, and he | retarding persons generally. In the will say that it is the ability to ac- | next two articles these obstacles will | th any other economic order must not only prove that our present economic i oner. to build at 1438 Kennedy : cost, §17.000. B. H. Wilmer, to repair rear 1815 24th street: coat, §10,500. George Dennis, to built_at 3327 5th street routheast: cost, $5,500. H. W. Smith, to build stores at 914-4 reet northeast: cost, $10,000. | Q. F. Coonley, to build at 3501 New. Kk street: cost, $7,000. . M. Wallingford, to build five Maste: remained & freshman, his attitude there are opportunitics with every |H. Gary, H. C. Frick, n e ingfor ¢ ol i employer ey, "profession. | teller, 8. and F. W. Woolworth were | toward the hazing I3 gther Incong|cumulate wealth. Ask the biologist | be discussed. dwellings, 1407-1415 Oak street; cost, | by ommissioner of | During the convention, Chicago or- i: all sons of poor farmers. yeniences of the freahman Jor e to| what success is, and he will say that $30.000. ‘rnal revenue for the Philippine | ganists will play the famous organ Whether or not one makes the most of these opportunities depends almost Wwholly upon ene's self. Our best op- portunity today is more than likely in the industry in which we are 3 9 206-3208 | | \1“;{,}'-}»(0 ?gs"i‘gn:\: repalr 3206-3208 | 1, nds, and Charles T. Moffett, Min- i e neapolis. chairman of the committee will be led in s ng realtor songs jElzabeth M. Bartlett, w0 build 3737 0 ¥ xation of the national associa- | by Hyde W. member of the 2 3 i | Chicago board. Woodward & Lothrop, on| The program committee was made be very different indeed. It seems to me tha the same analogy is applicable in the case of labor. 1f wage-worlkers believe they are doomed ever af remain in their present position (Copyright, 1921, Fleming H. Revell Company. First_publixhed in this newspaper hy arn ment with Assoclated Editors, Chicago.) —_— it is. thy fesponads. to. the variouy of the Auditorium Theater. Realtors stimuli. The minister will say that he Is successful who lays up his treas- ure where thieves cannot steal nor moths corrupt. 1 shall make no at- Were the fathers of these great captains of industry college gradu- ates? No. Were the fathers of th great _captains of industry bankers to repair| Moonlight boat ride working, with the emploser with |No. Were they rich manufacturers > fhig Schom ~we are working. in the city [and merchant . These great cap- | O \hope of sdvAncement. Non tempt (o definé what I mean by indi- QUITS BROKERAGE FIELD. GBI tia TIT Bt strest N o Ll uprof Peesiacat Taglor. Tvan O Aek: ai i s ) al success. i s B, 3 717 | h : AVl nforneal o % dent 2e i 2 5 % 2 . . i = " | s e di H = 3 . - & 5 it and Mrs d officers o d o) e i S roads, factories and stores, are the|should be disseminated to the great|,r goal, and maintain that standard o o B, ident 4o Mrs Waglor and pfflcers Of | a0 ror Success in an industry with an em- ployer. in a city, or in a profession, depends upon the individual more than on any one of these other fac- tors. A few vears ago there was a lot of talk about vocational guidance, Jbut we do not hear so much about it today. Like many other things. it was overworked. It is true tha there are four entirely different classes of occupatlon, such as (1) the professions, including medicine, law, ministry and journalism; (2) me- chanical lines. ncluding engineering, machinery, manufacturing and build- ing: (X salesmanship, including merchandising. tending store. sell- ing on the road and advertisini (4) agriculture, includinz farming, forestry. stock raising, horticulture and ous other out-door pursuits. But this classification is wholly ade- ! quate for an extensive vocational study, and is sufficient for every one’s purpose. Tt is true that there is a woeful lack of intelligent vocational guid- ance. It is also true, however, that the very touchstone of any test is ¢0 be honest with one’s self when con- idering one's adaptability or in- adaptability for any particular po- sition considered. A young man who_dreads meeting people should not become a salesman. A mam who | dreads details should not become a bookkeeper. A man who is chicken- hearted should not become a doctor. A man who dislikes appearing_ in public should not become a public mass of people is not that there is a barrier in their way or a roof over their bezd, but that the opportuni- ties are preat for those who will seize them and those who will pay the cost price of succe: What Is Suceenst so that you reach the goal. then you have achieved your individual success, | If you do have such a goal and if you work and strive toward it. you are doing your part toward making prosperity permanent. purpose in writing these articles s'to show you your own latent possi- Dilities that you may be inspired to develop them, and in so doing, bring i Announcement —of the removal of our offices from 304 Union Trust Building 911 Union OTrust Bldg. W. C. & A. N. MILLER Realtors and Builders convention is expected to be largest body of business men ever mbled in America. The Chicago board is preparing to entertain from 7,000 to 10,000 delegates from ap- proximately 400 real estate boards. —_— Building permits in Baltimore taled $2.6 0 last month. wiv Chicago’s new $5.000, municipal pier. Wednesday, July 13. Forenoon—Topical and educational T A e | conferences on, appraisals. taxation, It is_estimated that more than gentals, housing, legiglation. management of its various realty | 25,000 building tradesmen resumed Your Own Home, city planning. holdings, was announced today. work in Chicago, June 14, pending set- | farm lands. state associations and of the firm will be tiement of labor disputes. ireal estate licenses, and secretaries. Comparing the first six months of this year with the same period of 1920, Philadelphia is $21,921,235 be-| hind in its building operations. | fine Activity. . Retirement of Willard E. Fowler & Co. from the real estate brokerage fleild and confinement of its activity to private banking and the buving and selling of real estate, including sons of poor parents—the sons of farmers and ministers and wage- workers. The statistics of this par- ticular study even show that the great majority of these industrial builders were the sons of parents whose in- come averaged less than $1,200 per year. If the captains of industry of | Concept of individual success varies the past quarter of a century camel directly witk the number of people from the ranks of the masses, theconsidering it. The term hardly means wn to- “Be Sure to See Our SUNSHINE BUNG%LOWS 1 MICHIGAN PARK 12th and Michigan Ave. Homes in town with ground all around for less than houses in a row. Exhibit, 4211 12th. Open daily from 9 to 9. Take 11th, F or North Capitol street car marked “Brook- 1and” €5 end of route, or call Main 6935 for appointment. Over 40 Sold by Sample. Prices, $7.500 to $10,500. 5and 7 Room Bungalows 6 and 8 Room Houses Homeseekers—Attention! Another “Wardman?” Offering Work has been started on the construction of 72 modern homes in one of the most de- sirable sections. : We have named an unusually low price on these homes in an effort to meet the popu- lar demand. These prices are made possible only by concentrated effort of a large or- ganization on a large building operation, and we confidently expect quick sales, such as characterized the marketing of one of our recent home operations, which was sold out completely on the same day that the homes were offered. speaker. Cash Monthiy. Cashs” Monthly. oS Monthly. ,r..g:i Phone. Changed to Main 3868 Sell Anything, if— 750 . 62’ 52 84 1,000 . 2.5 1f, however, the man who does 1tke | 1500 © R B e A Built, Owned, For Sale by DAUGH & SHANNON, INC. Tenth Floor, Woodward Building, 15th and H Sts. Since 1898—‘No Place Like Home; No Home Like Ours. td meet people and who is eternally optimistic wants to be a salesman, it makes .very little difference what he sells so long as it makes the great muss of people healthier, hap- pler and more prosperous. The thing which s easiest to sell today will be the hardest to sell a few years TR “Beautiful Ballincara” The Magnificent Country Estate of A. H. Baker, Unquestion- ably The Garden Spot of Montgontery County, Maryland No expense has been spared to make this property one of the show places of Maryland. It is of easy access to Washington, either by railroad or motor car, being just 26 miles from the city on the B. & O. Rail- road and a fine macadamized road. =i " Watchful Waiting —Will never build your house. We have just passed the low tide in building construc- tion and are facing an unprecedented build- ing rusk, with rising prices, scarcity of labor and materials. . Build before the rush. ) Consult our building department for plans, estimates or other information regard- ing your building projects. NORTHWEST REALTY -COMPANY Specialists in Northwest Real Estate 18th & Columbia Road N.W. Col. 4874 This delightful estate is 47 acres in extent, 30 acres of which are planted in apples and peaches, there being about 1,000 apple trees 8 years old and 2,200 peach trees. In addition, there is a family orchard of 2 acres planted in apples, pears, plums, apricots and 200 grapevines. 4 acres blue grass pasture and spring and flowing stream. 2 acres in garden; strawberries, raspberries, gooseberries, currants, large asparagus bed, early vegetables, etc. 2 acres of alfalfa. 6 rooms and bath................$6,000 e 6 rooms and bath, built-in garage, $6,300 PRIC . . These homes contain all modern conveniznces and will be complete in every respect, including strget paving, sidewalks and alley. LOCATION Between 2d and 3d, Bryant and Adams Streets Northeast (Just North of Rhode Island Avenue) [ HOUSES NOW NEARING COMPLETION Several Already Sold K SELECT YOURS NOW. Representative on premises all day Sunday and Monday (July 3 and 4). There is a charming stucco home of 20 rooms and .3 baths, containing every modern convenience; steam heat, electric light, septic tank, 160 feet of porches, awnings and -screens, etc. There is a complete complement of outbuildings in keeping with an estate of this character, together with every appointment necessary in a high=class property. Among the many outbuildings are a greenhouse, tool- house, ‘3-car garage and machine shop, icehouse, granary, cement barn, wood- shed, 3 tenant houses, electrically lighted; pigeon and duck house, chicken and rabbit house, peach house and many others too numerous to mention. BALANCE $1s000 ; CASH EASY 3923 13th St. N.W. BRANDNEW =~ - BEST BUY ON MARKET TODAY 7 fine rooms and Bath, hot-water heat, elecgric light, hardwood floors ; thoroughly modern. B The gardens and grounds around this estate are superb, as marvelous results have been accomplished in beautiful landscape effects, there being formal and old-fashioned gardens, together with velvety lawns, magnificent shade trees and beautiful shrubbery and flowers of every variety combine to make a most picturesque setting. S of the outstanding features of this estate is a splendid concrete swimming pool, 22x127 feet, and a fountain, which are fed by pure cold artesian well water. From this pool and fountain is obtained a wonderful view of the surrounding One country .and the famous “Sugar Loaf Mountain.” Prices and Terms Are Right Cash payment of $1.000 will be required and purchasers may make monthly install- g’ Open and Lighted Until 9 P. M. ments while, the buildings progress, such installments to apply on account of the initial ; cash payment. o 'HARRY WARDMAN 1430 K Street NW. . "Main 4190 Take 14th Street car to Shepherd Street, walk one - 'square east, to 13th Street—Ilook for our sign. STONE & FAIRFAX 1342 New York Ave. Arrange for an Inspection of This Wonderful Propefiy John F. Maury “Exclusive Agent”’ 1731 K Street N. W.A Telephone Main 4080 W Il