Evening Star Newspaper, August 27, 1921, Page 9

. Real Estate Investments The WASHINGTON, D. C.,. N i ath BUSINESS SECTION Foening - Staf. = SATURDAY, AUGUST 27, 1921 3 Finance Classified Ads. 10 Pages This is_the tenth of a series of articles H .umuwnmdum ' The_eleventh appear in mext. Saturday’s Busidess Section. This series of articles began with the following words: “Fundamentally, this country sound. “Temporarily, its business is sick. “It is a good thing when we are sick to become well again, but it is a better thing to seek a way to stamp out our malady for all time to come. “There was a time when men and women looked upon smallpox as a scourge from God, terrible, but u avoidable. This was before we learned how to combat it. Today smallpox is no longer a plague. “There was a time when whole communities were shattered, and—in an economic sense—were all but annthilated by terrible crop failures. The farmers still have their troubles. Crop failures are still reported. But a modern crop failure is mild indeed compared with the devastating ruin that befell farmers in previous dec- ades. Crop failures are no longer a plague. “Business, I believe, is ill with a preventable malady. Business de- pressions are a plague that could be stamped out if we but knew what to do. “Can we eliminate this disastrous succession of reckless ups and sick- ening downs? I believe so. “Can we make prosperity perma- nent? I believe so.” Let us review specifically’ the: things that have been done to elimi- nate crop failures and see if the same_ principles might not_ be fol- Jowed in_ eliminating the plague of periodic business depressions. is BY ROGER W. BABSON. been partially taught to buy rice when rice is abundant and potatoes are scarce. And she has been par- tially taught to direct her other pur- chases In accordance with market conditions. tle has been accomplished along this line, but it is a step in the right di- rectio: These same principles which have made farm prosperity far more per: manent than in earlier days can be applied to make business prosperity more permanent. In detail, this works out as follows: 1. Business men will be educated to diversify their interests. The “one- crop” system must be abandoned in the factory as well as upon the farm. The _automobile manufacturer will make both trucks and trailers, so that a depression in truck sales will be offset by activity in trailer sales. ‘The merchant will be prepared to cater either to classes or masses ac- cording as the two groups see-saw up and down the teeterboard of funda- mental conditions. The same man will operate a woolen mill and shoddy | mill, one of which will always be active when the other is dull. There will also be diversification of sales territorie: and there will be sea- sonal diversification. 2. If sufficient pressure is exerted, the government will provideé business information as well as crop informa- tion. The census of manufacturers is a beginning which must be perfected and supplemented by a census of trade. Technique of Business. 3. There can be developed a tech- nique of business, comparable with the improved methods of agriculture. Even modern business is hardly more 'Making Good in Business THERE IS WORK TO BE DO ulate their purchasing by common jnized and fulfilled a panic wi sense rather than by fad or habit.)rare as u dinosaur. In thiy Soancs That great buyer, the housewife, has | tion, note what a dollar will do: It is true that only a lit- | [put our income in the contribution sion that we are already in. swer to this question: will this period of depression last In this connec- $1 spent for lunch lasts five hours. 31 spent for a necktie lasts five weeks. $1 spent for a cap lasts five months. $1 spent for an automobile lasts five years. $1 spent for a water power or rail- road grade lasts for five generations. 31 spent in the service of God lasts for_eternity. This does not mean that we should box and starve to death, but that we should wake up to the terrible re- sponsibility that accompanies pur- chasing power. We speak of the “almighty dollar.” In one sense this is true. Don't abuse that power. Use it in making good. Get the visiol 1 said that smallpox, save in’ iso- lated cases, has been conquered. As a national plague, it has been abolished. Not for a long time can we hope to ell_mlmue the occasional business failure. But we can eliminate panics and depressions as national epi- demics. We can do this, as has been explained in detail above, by follow- ing identically the same principles which have been so successful in agriculture and in health work. Tu- berculosis has been shaken in its hold on the world by better methods of Ilivln& Panics can be stamped out by better methods of doing business. Our Immediate Problem. So much for the general problem. Now for the immedaite problem of getting out of the period of depre: Everyone is interested in the an- “How long It will last until the inflation of the E. A. Morse this week old the Interstate building, 1319-1321 F street, to a local investor for $700,000. The building contains 110 rooms and office 1. Farmers have been educated to |than hit-or-mi diversify their crops. Instead of stak- | “systematizin s_mx::fggm'm:id The ing all upon cotton. the more pro- | “efficiency” movement are but inti gressive farmers of the south are de- |mations of what awaits to be done veloping food crops and livestock. |for better business. Moreover, both The same principle is being worked |of these movenrents were concerned out in other sections. The one-crop |primarily with mechanical matters— system is everywhere being replaced |and business is not essentially me- by diversification. If one product is|chanical, but human. lllimitable pos- a failure, the farmer has other prod- |sibilities will be opened up when we ucts to fall back upon. develop the human side of busines: 2. Instead of working blindly in the | with attention to those mainspring: dark the farmer now has informa- |of action—the emotions. tion to guide him, both in production | 4. Purchasers must be taught their and distribution. If he sees a ten- |power and how to use it. Send your dency toward excessive production of [money to the bank and it builds some one product—as clearly indi-houses, factories, machinery and cated by the crop reports from year |other capital wealth. Send your to year—he can gradually shift his|money to the jewelers and it opens production to other crops. If a cer- |diamond mines. Both jewels and flour tain market is reported as glutted, he [ mills are well to have—but in proper can dfvert his products to a point|proportion: Proportion is the essence where conditions are more favorable. |of the whole subject. There is mo 3. The farmer has been educated to fsuch thing as overproduction; the better methods. A superior agricul-|trouble is always due to unbalanced tural technique has been developed |or ill-proportioned production! For and taught. Farm efiiciency has in- levery pair of silk hose produced, d. i < ;:;.:s;‘-i Farm equipment has im- |there must be produced a proportion- past few years is taken out. The ac- tual length of time will depend on how this is accomplished. To illustrate what I mean, let us assume that before me is a bowl of water and a dry, clean, healthy hand towel. The towel in that conditio represents normal business condi- tions, as, for instance, 1911-12. Then it was in the state of this towel, neither inflated nor deflated, but clean and _healthy, ready to use. During 1917-19, however, the towel became saturated with water. This is just what happened to business. The drops of water that fall off the towell when lifted out of the water may be indicative of the orders for goods which fall to us during such inflated times. The saturated towel represents business when we were at the highest point in January, 1920, thoroughly saturated with water. Such saturation must be taken out. We must always get the towel dry again. There, however, are two ways of get- ting a towel dry If 1 took a towel 4. At least a beginning has been made in_educating the public to re —_— s Sample Home .2727 Conn. Ave. Between Woodley road and Cathedral ave. $19,750 to $20,700 For automobile call Main 6935; after 5:30, North 5251. Built, owned and for sale by MIDDAUGH & SHANNON 10th Floor, Woodward bidg.. 15th c No Place Like Homer No Home Like Onga." “Best by Test.” ate volume of garden hose. Other- wise, The panic and depression. buyer is the supreme court that can diversify and proportion the nation's ivities. hen this duty is recog: Bungalows. Houses. Phone Main 98 With Lots 75 Feet Front. Homes in town with ground all around for less than houses in a row. Over fifty sold before completion. Prices, $7,500, $7,750, $8,450, $9,250, $10,200 Middaugh and Shannon Terms, if desired. —Take 11th or F or North Capitol street car marked: “Brookland” to end of route, or for automobile call Main 6935, after 5:30 North 5251. Built, Owned and For Sale by MIDDAUGH & SHANNON, INC. Tenth Floor, Woodward Building, 15th and H Sts. SINCE 1880—4NO PLACE LIKE HOME; NO HOME LIKE OURS.” Whenever comparisons are drawn there is always a best. There are reasons, and the reasons are numerous, why Ar- gonne Terrace Homes, at Sixteenth and Columbia Road, are Profit by the experience of those who have bought at Argonne Ter- race and who have found Protected Location-—Inspiring Surroundings Modern Equipment--Domestic Convenience Educational Facilities—Architectural Beauty Visit Argonne Terrace and your house problems will be solved. You can pay more and get less, but you cannot pay the same and get nearly as much. Exhibit House---1620 Argonne Place N.W. Open and lighted every day until 9:00 P.M. WILLIAM S. PHILLIPS 1409 New York Ave. N. and hung it up to dry—when drip- ping: for such a towel to dry. is another way, ra in would take about four hours But there which our mothers Instead of letting the to Be Sure to See Our I SUNSHINE HOMES MICHIGAN PARK 12th and Michigan Ave. 2 * Ppodoedoedeadoadeeds 2 s o% K2 RTINS iradoedoedridradrairaoadoddesd % K2 o> % %% % % * Ooe® doodeade oo oo ool 2 * 5% 0% % % o% K2 o% K2 = fod of depression will * * e K * K 0 Kl g * K2 4 7y So o profoadradedodadedy o%% * al gross revenue of $120,000. John F. Maury's office take four hours to dry. they would put the towel through a wringer. Now, after the towel has been put through a wringer, it can be hung out in the same shunshine, the same and the same temperature and it will dry in one hour. Business was put into the wringer fn 1920 and 1921. Although you and I don't like to go through a wringer, nevertheless it is very much better for all if some of us go through the wringer once in so often. If we cut a dog’s tail of at one clip, the dog suffers a lot for a short time, but soon forgets it. If, however, we cut off the dog’s tail a quarter inch per month for thirty-six months, at the end of that time the dog will be pretty well discouraged. Hills and Valleys. It is to be expceted that the ex- e tent and intensity of this present pe- i~ L o Per 282 correspond | _ (Next week Mr. ther closely with the extent and tensity of the recent era of pros- Along the new, uneven road s approximately proximately equal the hills. depression is reached. prosperity with the peak year is much less increasing business with coming near the end. then on. is most discouraging of all. places selfishnses. The sooner we have today.) (Copyright, First ngement with Associated Editors, Chi Breuninger Built Homes Our Exhibit Home Is Now Ready For, Your Inspection LOCATED Just West of Sixteenth St. on Varnum St. N.W. The exhibit home is one of twelve high char- acter homes we are now building on Varnum St., from 16th and 17th Sts. These homes possess char- acter and individuality, which has been obtained by combining the very best in design and construc- tion with a location that is unsurpassed. Built Detached, Semi-detached and Attached Styles The semi-detached houses are so arranged as to give the effect of a center hall house. * * * Two-story and attic, Hytex brick construction, with brick garage at end of deep lot. Houses are 23 and 24 feet in width. Nine rooms and two baths on 2 floors; living rooms 19 to 23 ft. in length, with open brick fireplaces. Enclosed berakfast room or sun parlor on first floor. Enclosed sleeping room on second floor. Oak foors on both floors. An investigation of these homes will reveal many interesting features which will appeal to you as a home buyer. ' : _ Exhibit home will be open for your inspection at all ‘times. Drive out 16th street to Varpum, or take 14th St. cars or 16th St. Bus line. »"L&E;gl{e-uhinggr & Sons equal the valleys and the valleys ap- _It makes a great deal of difference When the highest point of a period of Four years of in the first satisfactory business men than four years of ever- the peak Conversely two or three years of depression seem less serious if the worst point comes at the outset and conditions become less severe from ! To have a severe slump ! followed by a long period of sinking —cutting the dog’s tail by inches— Prosperity comes when service re we put this principle into actual prac- tice, in our own lives the quicker will Babson tells how we could all have much more than| . Fleming H. Revell Com- hed nthis uewxpaper Ly &0 %0 4% 0% % <% %o oireededredoodrifsadoaoatsadsidrafsidsfodeddoidridrdradeaoctoddsss K2 Ka 2 * 3 RIXTRIXIXD XD s o% 0 o0, Lo Spedredred %0 o% %% K@ e X g X o K2 XX RS K2 boofeedes XTI 2 o %% 2 4o XD O0-0% % 25.6%-¢% 2% %0 o8 poadradradeadidodoedeedededs o o %! rdofoedrodyidraoadoddoddsed BUILDING BRINGS g The Interstate Property on F Street Goes to a Local Investor. Sale of the Interstate building. F. Maury, local realtor. States Shipping Board. the largest and mopt valuable proper- ties on F street, the lot containing | 6:677 Square feet. When the Shipping - Board vacated the building a) short time ago it was renovated and re- modeled. The structure is fireproot, of steel frame, brick, hollow tile and concrete construction, and has clevators. There are 110 rooms and on_the ground floor. The building shortly will be re- named, it is understood revenue from this building will ap- proximate $120,000 & year. Gives Apartments in Deal. the corner of 19th and streets, a six-story fireproof building, was given as part of the considera- tion in this transaction. It com twenty-two apartments of four, for servants in conn main apartment. The 10,446 square feet of ground. ing is near $30,000. was the apartment house at 1511 street northwest, Circle. and five rooms and bath each. annum. The Riviera Sold. The Riviera apartment mead place, was sold for to an out-of-town investor. T! story fireproof building was bui one year ago. ¢ of Connecticut Avenue bridge. through from Ashmead place to Bel- mont street, which will be one of the main drives or boulevards between Rock Creek Park and Speedway Park. The building contains about thirty-five 10 Ash- four- about to rooms and bath, each. The gross in- come is $36,360 per annum. purchaser gave transaction the Oak! country estate kuawn as in below Alexandria, Va. tains approxi- county. __This place co mately T f which is in v the other half in cultivation. a large and commodious house of ten rooms, a large bar forty cows, corn cribs, outkouses, tenant houses, and other numerous im- provements. The place adjoins ditches dug. ‘Washington separating the tact corge by 2 Q> * DY * e * d * Y > STO0000AT SALE: Rt v. s 1319-1321 F street northwest, a ten- story office structure, for F. A. Morse to a local investor for approximately $700,000, was reported today by John This building was occupled during the last few years by the United It is one of two suites of offices, with a large store The gross The Biltmore apartment house, at Eiltmore ins five ! and six rooms and baths each, and has several garages and apartments on with the lot contains The gross annual income from the build- Another part of the consideration just off Sheridani This is a four-story fireproof building of recent constructibn, and contains sixteen apartments of n:xx‘-:e e gross income approximates $12,000 per | A. Baer It is located at the head It runs apartments of one, two, three and four As a part of the consideration in this the sit- uated on the Telegraph road four miles Fairfax acres of ground, about half uable timber land and There is dairy barn for two the original tract of Mt. Vernon, the double |* two places still being REALTY MEN FORM A CLUB . TO BOOM SAN FRANCISCO MEET litt Says Washington is Des- tined to Become “Heart of the World™ at Real Estate Gathering. Formation of a San Francisco con- vention -club, designed to encourage at- tendance of realtors at the next annual convention of the National Association of Real Estate Boards, was announced today by the Washington Real Estate Board. This action is in line with a movement fostered by other boards throughout the country. Member boards throughout the coun- ]lr)‘ use many different ideas in de- | véloping attendance at the annual con- i ventions of the national association, it |is stated by i Secretary Petty. These conventions, which have been called post-graduate courses in real es- tate, offer unlimited opportunities for the development of business. The prac- tical discussions that take place each year bring out the latest ideas on many topi that enter into the practice of real eBtate, it is pointed out. It is said those boards throughout the country which are meeting with the most suc- cess consisgently have large represen- tations at the annual conventions. Prineipl of Club ldea. ‘The principle of the club idea is based on pooling the expense money of the individual members which is paid in monthly installments throughout the year and investing it in some manner 1o produce a profit. This profit is used for the benefit of the entire delegation in the matter of providing badges, posters and other paraphernalia to a vertise the local board in the conven tion city. Among the members of the ‘Washington board, the following have signified their intention of going to the San Francisco convention, and these men will form the nucleus of the club: Thomas E. Jarrell, Percy H. Russell, R. L. McKeever, William S. Phillips, Joseph A. Herbert and Clarence F. Don- ohoe. Laterfon an organization will be ef- fected and a treasure designated to handle and invest the funds as paid. The officials of the local board are enthusiastic over the idea and are striv- ing to have a large delegation from ‘Washington attend the San Francisco convention next summer. “Heart of the World.” ‘Washington is destined to be not only the “heart of the nation,” but the “heart of the world, t was declared by Radph V. Sollitt, assistant to the chairman of the United S§ address before the Washington Real Estate Board at its luncheon this week the Lafayette Hotel. The nation’s capital is just entering its full glory, in the opinion of this government official. risen from a national plane to interna- tional prominence as a result of the recent world war, Mr. Sollitt pointed out. With world trade terests, edu- cators and financiers loofing to Wash- ington for guidance, and with world diplomats coming here at the instance of the United States government to sider the disarmament question, the s rapidly assuming a cosmopolitan spect, he indicated. The extent and character of the de- velopment of Washington depends in great measure on the spirit of public service and the broad-mindedn. of the Homeseekers—Attention! Another “Wardman” Offering SAMPLE HOUSE NOW READY at 209 Bryant St. N.E. 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. — These homes contain all modern conveniences and will be complete in every respect, including strezt paving, sidewalks and alley. : LOCATION Between 2d and 3d, Bryant and Ac Northeast (Just North of Rhodé Islan.. . ... _.c) 2 HOUSES NOW NEARING COMPLETION Rapidly Being Sold SELECT YOURS NOW OPEN EVERY DAY FOR INSPECTION . HARRY WARDMAN 1430 K Street NW. Washington has | realtors of the city, Mr. Sollitt empha~ sized. The realtor holds in his hands the architectural and physical b factors entering into the prog the capital and should always bear this fact in mind in consummating business transactions, the Shipping Board official explained. Sees Business Prosperity. Prosperity awaits every business man of the country who puts behind him all thought of the so-called busi- ness depression and who forges to work doggedly and with a deter- mination which brooks mno interfe ence, the speaker said. A business de pression remains a business depre: sion just so long as business men are content to allow conditions to remain as they are. The cry for remedial legislation in commerce and industry {comes principally from those whose | pessimism incites them to lethargy, he charged. All the legislation in the world could not accomplish as much real good as a scountrywide decision by business men to get down to work and produce, build and do i d amid introduced of thanks honor for his speech. for the luncheon were in charge of a | special committee composed of Lee D. Latimer. chairman; Jess Hedges and i Percy H. Russell. {HOUSES IN PETWORTH | SOLD DURING WEEK Two of the Residences Overlook the Soldiers’ Home Grounds. Two of the row of houses erected by D. J. Dunigan at 3d and Taylor | streets northw were sold during the past week. The houses overlook the Soldiers’ Home grounds in Pet- worth. Mrs. Bertha Shaffer purchased prem- Iises 4128 3d street, corner of 3d and Upshur streets. Mrs. Anna M. Jones purchased prem- ises 4116 3d street. The heating plant, servants’ toilet and laundry trays are in the cellar. On the first floor is a large reception hall, living room, din- ing room. kitchen, pantry and a breakfast po On the second floor there are four large bedrooms, ample jclosets, bath’and a double sleeping i porch. Charles S. Sherzer w chaser of premises 1204 street. This house is detached and contains eight rooms and bath. is a stone fireplace in the iiving room. The ho has_electric light: water heat, white oak floo woodwork is_of mahogan ivory finish. There are thr one in the front, at the side and in the rear of this hou: (corners), $7,000 Main 4190