Evening Star Newspaper, July 22, 1922, Page 15

OWNER :New Homes in Takoma Park 9-Real Homes Built by Day Labor exceptionally are especially Easy terms. 409 Butternut St., Takoma Park, D. C. with shade trees; with tiled baths, hot-water hecat and_eve: Large porches and bri 5 Sold—Act Quick ; are near cars, school, libra well built. We offer you fireplace: attractive. Sample House Beautiful Bungalows and Two-story Houses, all of different designs, just completed at Takoma Park, in the District and Mary- land sections. These houses are located on large, well graded lots, v and stores, and are and 8 room houses, y modern improvement. The fixtures and decorations The prices range from $7.750 to $11,500. Comé out Sunday or call at office for full information Near 14th and 9th St. Car Lines H. L. Thoraton, Realtor Office Main 74¢3 1416 F 5t. N.W. Main 5526 Owner and Builder C. Jameson-Built Homes beautiful now the tim your selection. is 6 large, all ou exclusive section. FOR Owner and Builder 906 N. Y. Ave. NW. “Ask the Man Who Owns One" On Madison Street N.W. Between 8th and 9th Sts. SALE Thos. A. Jameson Home. 500 Butternut Street, Takoma Park, D. Cotumbia 4957 “First Cost Is Practically the Last” 1i you want one of these Northeast Homes e to make 800 to 826 L St. N.E. “Open Daily and Sunday” tside rooms: tile bath., h. w. h.. electric light, large ets. hardwood fleors, toilet, wash tray cement front porch, wide double rear porches. Built-in heated garage is part of the house. In a most BY After 5 P.M. Linc. 6146-W Only 14 left out of 52 being built, and if you will make your selection at once you will have the privilege of choosing the electric fixtures and wall paper- PRICE, $8,350 $1,000 Cash " $75 Per Month, Including All Interest An added feature is a playground, 70x140 feet, in the middle of the square. You can see the kiddies at play from any point in the rear of these homes. To inspect, take 9th Street car to Madison Street, one square east, or take 14th Street car marked “Takoma” to Kennedy and Sth Stree two squares north. REALTOR 1409 New York Avenue Main 4600 BUILDER Gilex Hellprin hax wold to the Luchx handled the sale. HILLS, Mass., July While discussing the opportuni- in the piesent bond market, a, the statis@ician, o following statement future of municipai LiSLEY ties Roger W. Bab: the the da ie regarding s have been csiTing to . war an U cd upon nicipal blic b only within the last few months t es und towns have been able to secure w they have i at a | Mus . contractors and in- Vestors are now wondering whether the present decline in rates is tem- porars or will exte present d will continue and that be able to bor- he next few years, y fathers wil s ¢ bond houses for | issucs Up to the presen ltime city have been obl up banks to buy their he tim will soon com ankers will be s the countr {1t even look: |s00n be ! hung - cittes towns. law of eSS till operates. As we have had s of advancing interest rates, W Il have years of declining inter ! Morcover, these cycles can inot be suspended or changed any jmore than we can suspend or change the tides of the ocean Tax Situation Favorable. | “In addition to the law of business eycles, the tax situation is very much in favor of municipal borrowing. Be- fore the (days of income taxes and sur-taxes bonds of our best cities sold on a 3% per cent basis and even better. ow, when wealthy men are obliged to sur-taxes of from 30 to 40 per cent, these tax-exempt bonds of cities and towns should be in great demand. Some of my associates even state that many of these bonds may g0 up until they are on a 2% per cent basls or less. Of course, this also applies t Ithough th ather short » attractive and il tempo 3 {in their borrowing by an to the Constitution making all bon {taxable. If such legislation is at !{cmpted there naturally will lot of tax-exempt bon put on the | market just preceding such legisia- |tion. Some feel that such a flood of s would deprecs tiie price, but betieve that if they are to be Jast of tax-exempt securities the market will absorb easily all they offer. Whichever is the case, cities land towns will have no difficulty in {isposing of their securitics during the next few years, and the Interest rates should steadily and continually decline. “This means that municipalities should immediately adopt civic plan= |ning schemes, and probably should ! make during the next five years such improvements as they ordinarily would make in ten. The time to make hay Is while the sun shines, and the time to borrow money on long- term loans is when money rates are low. Hence, cities and towns siouid not only borrow during the mext few years for their current needs but 2nould borrow large sums and invest the same for use for years to come, {especially during the next period of unemployment. “If cities operated in a business Way they would borrow their money at times like the present, stow it away and then spend it when the mext pe- Tiod of unemployment comes. BY spending it at such. times they mot only could get-the work done very much cheaper but they could per- form a distinct service to the people of the community. The general cus- fom followed is the reverse. _Cities now do their construction work when it s easy to get money, which is when labor is fully employed and When every one else s bullding. Custom Is Wrong. “This is all wrong. When the pe- rlod of unemployment comes it IS construction work, because money is then tight and the citizens feel poor. Hence under the present system it Is impossible to do much to relieve un- employment when it comes. If an ice man attempted to follow the same system in his business as the city otil- cials follow he would wait until sum- mer to cut his ice! “For investors this means that tax- exempt securities and town bonds should now be purchased, even though they have already, gone up some in price. Those who contemplate buy- ing should vbuy at once, before they go up still higher. When buying taX- exempt issues seek the long-term ones, as these will show the greatest profit. All of this should be speclally encouraging to the contractors and { builders, as it means that a great deal | of public work will be done during the next few years. City water plants will be extended, more sewers will be constructed, new public buildings will be erected and the good road movement _will continue to grow. This should be welcome information,” concluded the statistician, “to those who handle contractors’ supplies and building materials, znd especially ai |such materials gs are used by cities and towns.” General business as reflected in the index figure of the Babson chart is per ocent below normal. This i 13 an buildings at 1811-1311% E street northwest. the purckase price to be approximately $75,000. The office of Shannon & Finance and Trade Conditions Viewed By Roger W. Babson Every Saturday this well krown student of business is writing for readers of The Star an acticle interpreting industrial and investment problems. Very difficult to borrow money for; D © ARMY PLUCKING BOARD " WILL MEET MONDAY Names of Officers for Retirement or Discharge Will Be Prepared for President. Orders have been issued at the War Department for the Army “plucking board,” of which Maj. Gen. Joseph T. Dickman, retired, 1s president, to meet in this city Monday morning “for the purpose of recommending to the President the officers to be elim- inated from the active list of the Army by retirement or discharge, the number of officers in various grades to be recommissioned In the mext lower grades and the number of of- flcers in various grades to be con- thued as additional officers until ab- sorbed as provided in the Army ap- propriation’ agt, approved June 30, | Msj. Ralph A. Jones, infaritry, has been detailed as recorder of the board. _ ! WORK DROPS IN JUNE. Department of Labor Reports Eight Industries Slack. Decreases in the number of persons | employed was noted in eight out of | twelve industries during June, the Department of Labor announced yes- terddy. Increares took place in four industrie: The largest increases were 32.1 per cent in iron and steel, 130.5 per cent in car bullding and re-| l‘)mlrlnz and per c’nl in auto- i mobiles. Six of the twelve industries show creases In the total amount of pay- roll for June, 1922, as compared with June, 1921, ) WILL GO TO CANAL ZONE. Col. Sam F. Bottoms, Quartermas- ter Corps, mt Columbus barracks, | | Ohio, has been ordered to the Pan- | ama Canal Zone for duty as depart- ment quartermaster. | Columbia Barber Company, Inc., the Stamps on the deed indicated STATIONED IN ALASKA. Lockhart, United been relieved sor of military the Augusta v, Fort Deflance, Va. Military ) and assigned stationed in Alaska. | | provement of 4 per cent over last| Ct above the ac- | helping mat further improv. next few weeks. MARINE CORPS ORDERS. Richard M. Cutts at headquarcers, this city, has been to the 2d Brigade, Sanio Do- O Lieut. Col. Thomas M. Clinton from Quantico to Paris Island, §. C. Lieut. Col. Charles T. Westcoit from | Parrisistand to San Domingo. . Percy F. Archer from Haiti to S. McReynolds to Capt. Jesse L. Perkins from Haiti to Indian Head, Md. Capt. Francis J. Kelley from Quan- tico to the cruiser Pittsburgh. Quality Siding (o). Calnoun Ancrum {rom Parris With us is more than just island to Haitl. First Lieat. Richard O. Sanderson sound lumber. When we buy irom_this to Santo_Domingo. e Wcond Tisuts Joe N “Bmpn ana|| Siding it must be smoothly wor_ked an_d possess a good straight grain. It must also be soft and light, easy to work and must take paint readily and hold it. The best is known as *‘Clear,"” but we also have a No. 1 thatis big value siding at our price. Come in and look over our stock today and let us quote you prices on anything you may need in the building line. Galliher & Huguely LUMBER Sherman Ave. and W St. N.W. Phones North 486-687 Goodyear W. Kirkman from Quantico to Santo Domingo. i | ORDERED TO OKLAHOMA. Capts. Ernest T. Barco, William S. Kilmer and Joseph S. Robinson, 24! Battalion, 2d Field Artillery, at Fort Myer, Va., have been ordered to Fort | sill, Oklahoma, to take a course of | | instruction at the Field Ar | hool. Maj. John B Anderson, artillery, at the War Department, also has been ordered to instruction at the same school. MAJ. WHIPPLE SENT HERE. Maj. Sherburne Whipple, adjutant general, at Fort Leavenworth, Kan., has been ordered to this city for duty in the office of the adjutant general of the Army, War D t) - FOR SALE New Semi-Detached Houses | Al i| 2945-2947-2949-2951 Upton Street Near Bureau of Standards & Hoiy Cross Aca\demy | East of Connecticut Avenue. 2 stories and attic; cement front porches; 8 rooms, 4 rooms on first floor and 4 bedrooms and 2 baths on second floor; hardwood floors. Especially planned and exceptionally well built—particularly attractive. Have gas and electricity and hot-water heat. Wide Lot, 147 Feet Deep to a Paved Alley :Open for inspection and salesman -on premises. .. ..after 10 o’clock tomorrow, Sunday . Thomas J. Fisher & Co., Inc. Main 6830 738 lSth Street N.W.: FOR LEASE 912 14th Street N.W. _Located in the center of a rap- idly developing section, modern show-window front; each floor 18x87, in the clear; individual en- trances for upper able rent on term lease to re- sponsible party. Shannon & Luchs Property Management Départmenl 713 14th St. 1 =2 s PO Investment Properties floors; reason- Estakblished Business Main 2345 514 N. Y. Ave. | | | == 3711 . Ingomar Street, Chevy Chase, Less than a block from Connecticut Avenue cars. .ot 60 feet front. Open All Day Sunday for Your Inspection 2,000.00 less than original selling QUINTER, THOMAS & CO. Real Estate Financing 819 15th St. N.W. Healthful e A Home You Admire In the Prettiest Section of Mt. We have a large number of immediate purchasers with good cash payments for . Business Properties With Please Reply at Once T The Joseph Shapiro Co. Contains 9 large rooms baths, cement porch, instantaneous water heater, screens, large garage on paved alley. Pleasant Large and small apartments and business properties. These purchasers will buy building | and business from $10,000 to $100,000. f 1 Franklin 6918 = D The Owner has left the city and requests us to sell this eautifr:l Chevy Chase Home D. C. 2 tiled price Exclusive Agents Main 8416 Will High and 3421 Qakwood Terrace (Just North of 17th and Newton Streets.) Spacious roomis, hardwood floors, wood-burning fireplace, tile hath _with built-in tub, shower and fixtures, exceptional kitchen w refrigerator, on a lot 20x121 feet, located in a fine grove of on a high clevation, affording an unobstructed view of beautiful Rock Creek Park. Take Mt. Pleasant car to end of the line and walk two squares north; f bus to Newton St., walk west to 17th, or take W. B. & E. bus to 17th & Newton Sts. NW. ith built-in 1d onks take 16th st. ' gearor WM. S.-PHILLIPS sunpew 1409 New York Avenue Main 4600