Evening Star Newspaper, September 9, 1922, Page 13

. Washington’s Growth Reflected _in Real Estate and Building News “REALTOR" PROVES SIGNIFIGANT TERM The - Association Members ! Throughout Nation Guard Against Misuse. IN . Geographic Society " Bulletin Recalls Transfer Back in 1667, When Dutch ,Ga.vc New Amsterdam to England. What s the biggest real estateas large as the Unlted States, and ! occuples a conspicuous position. on the |transfer. ever recorded n the mew Grl ol Bl 5f a continent of American PETTY EXPLAINS ORIGIN |woraz { republics which Americans of the Any litde group of questionnaire|United States have come to know so addicts wkho encountered that Inquiry j well. “British Gulaga, French Gulana and Drobably “would begin wondering |y ict. (Guiana Are not all of Gulana: ‘whether Muscle Shoals had been s0ld There is also Venezuelian 1an, a ‘Washington Board Executive Sec- tary Man; dy had purchased Brazilian Gulana. Thus ‘grea 5 ey y et et Guiana comprises the region between | Advanta; the Woelwyrth bullding. the Orinoco and the Amaszon. In Vantages. The National Geographic Soclety|fact, Guiana s a sort of island, be- cause these rivers, along with the Rio Negro and Casiquairo, form fits boundary. “It i8 not an inexcusable error to class Dutch Guiana with the West Indles, for, In respect to communic tlon and commerce, it is all but cut off from its South American neighbors and does business with Trinidad and with Holland direct. Florida failed to reveal its foun- tain_of youth to Ponce de Leon, but !'its Miamis have ylelded restorative i gifts to many thousands of mid. recalls, in a bulletin apropos of the plans being discussed in Holland to invest new capital in Duteh Guiana, that New York once was traded for i+ Paramaribo, Little Tropleal City Traded. The real estate record of the trans- action is to be found in the treaty of Significance of- the title “realtor,” which is now generally recognized as the official designation for members of the constituent bodies of the Na- tional Assoclation of Real Estate Boards, was explained In a statement! Rreqa. by which, in 1667, the’ Dutch issued today by John A. Petty, ex;|gave New Am“!:'lum' to f“fl?fi" ecutive secretary of the Washington | and England turned over pretty little Real Estate Board. €O | paramaribo, Dutch Gulany's capital. 5 to_Holland. “The title is fast growing to mean| *To put jt mildly.” continues the|%i "0igrims. Although the Gul much more than merely a real estate | bulletin, “Paramaribo today is mnot !z 2.°¢ {led Sir Walter Raleigh in his agent,” Mr. Petty announced. known so widely as it might be.|gyest for a promised land of gold and “Being = .coined word omcialy|Neither s Suriname. which iz 1he:gems, that reglon may. yet becoms an S [ commoner name for Dutch Gulana:|gconomic El Dorado by the ssner ro- adopted by the National Association|nor Demerara, which is locally used | fance’of modern development. s, ¢ esignate British Guiana. e o o, uaie Boisdyiiha right o md Guiana itself missed a chance Gold-Plated” Peopl Jta use n restricted to members only. | for” fame through a typographical| “For getting his lies belleved the s right has been upheld by a Min- . The humble guinea pig, a na- d faclle Juan Martinez out- nesota court. where a suit resulted | tive son, would have carried its home fl“’:' ’l;‘umhfu"“ e Raboha e from its use by one who was not en- |jand’s name into popular usage had |ranks 5 titled to this privilege. Following | not early writers confused the habi- | tales of Manoa, where the monuments this test case local boards in every |tat of the rodent with African|were marvels of lustrous gold and city have persistently ‘guarded the|Guinea—a confusion which is not|where men were anointed with ol title and will not permit its public use | altogether overcome to this day. and then sprinkled with pulverized Tiess on the Bart of real estate bonrds Alwosty an fIsInne By coPlorers even before Sir Wal- is urged by the national association.| “Yet Gulana proper is about a third | ((7"R.1ljzh penetrated the humid i which places its entire support be. | ————————————————=————==| torior of Guiana in search of this El hind all local boards in their efforts Dorado. So generally ls the term now to protect. their rights. As a result d in a figurative sense to denote of this activity it s now seldom that any fanciful rainbow’s end that it fs R fe s optal () use T INE W ird) hard to realize how seriously the Yealicrianlens duthextred ltales of Martinez and lesscr llars Signifieance in Title. were credited. Indeed, El Doi = V. el “Real estate boards through their mythical court city. the lake on which progressive and constructive. acia. it was supposed to be located and the e O T O anpenred o mape until the serl- a significance that justifies the efforts PStiny of Humboldt exploded mads to protect it. Through el {ous scrutiny o Co-ogweation and intensive insestiga the falry tale. | ihe sise of tlon by experts from all parts of the Dutch Guiana is about the slse of Sothey wd InaIibranchesiotithe BT acen first held what now 18 usiness it has b e X standardize the methods and. pracs British Guigna. The westernmost of tices that are used In everyday trans- the three foreign 3 fl(‘:tlon!. 1? ]lhis standardization defi-! Zzonllnz"m. is used, in part, as a penal nite principles of ethical v s a “Along the coast Dutch Guiana is & e ?}f?k,f.fi,usnhd“ b Jbro-|ed to the curriculum of awt only bus- | yrip O trapsplanted Holland.. Back ed. These principles have been codi. |iness colleges, but universities and [y, jps fo.rests is a bit of Africa. in. fled and officially adopted by all real | institutions of higher education. With 'papited by bushmen who live much estate boards affiliated with th the intensive deévelopment that isdes- |54 qo their dark continent cousin tional association. The individaal|tined to come In the next few years.|The Africans were imported in slav by reason of their member- | the practice of real estate will belqays and chased back to the forest obligated to abide be ihess |definitely classified as a profession |fastnesses when the tax collector Which are applicable In|and many of its different branchesjcame around. Many of them found « " Fundamentally, thes are | will become much more highly speci- | tneir tropical environment there so th. th alized. homelike that they elude Tile and have s their puroese!dsn | *“As this growing profession devel- |ers. The Indians are mostly Arawak development of honest and fair deal.|ops and the seriousness of its work |™ “Paramaribo has the immaculate Dhcomes more apparent to the public, | appearance of a Dutch city. It has restrictive and protective measures one natural extravagance of which it Will be necesary in order to assure|js proud—its streets lined with ma- the proper qualification and character | hogany shade trees. For the trees on of those engaged In it. Anticipating one _block, spreading over neat this, real estate boards and the Da- | weatherboard houses. A lamber firm tlonal assocation have been succets- | once offered $30.000, and the residents 1'in establishing model license laws | declined to sell. Ll R ny “statbs. These laws in the| ~Yet Paramaribo, like Dutch Guiana, main have no provision as to qualifi- | needed the money. Thrifty and care- catlon, but are a decided improvement | ful development of Suriname’s re- in that they forbid the practice of |sources met with a series of unto- real estate without a state license [ward circumatances. First the cacso and require some substantial proof |yielded bountiful crops and then suf- as to integrity and character.” lered = blight. Sugar cane was intro- FOR SALE Chevy Chase, Maryland Adjacent to both Chevy Chase and Columbia Country Clubs; one block from Connecticut Avenue. Hollow tile and stucco construction. L il 3 First floor—wide center hall opening into living room library and screened-in side porch. The other side—dining room, con- necting by French doors into glassed-in porch; butler's pantry | and kitchen. Second floor—four bedrooms, two complete baths and two tate board and must answer to the board for any wrong conduct. Many Problems Solved. “In addition to the development of standard ethical practices real es- state boards, through the co-opera- tive study of their members, have in recent years done much to improvi the type of service rendered by rea tors. Through state and county or- ganizations with periodical conven- tions, many problems in appraisals, property management, and building operations have been successfully solved. In conjunction with educa- tional institutions real estate courses are being developed and the subject of real estate is gradually being add- term realtor, therefore, not only signifies that the user is a real estate agent or broker, but that he is one who, by the u of this special title, assures the public that in the conduct of his work his entire deal- ings are based on recognized and standard practices of fair and honest dealing. Membership in real estate boar s restricted to licensed bro- kers and every applicant for member- =hip carefully investigated before admitted. A realtor, therefore, has the stamp of approval of the re WHITELEY Our new subdivision. Aet quick, while cloice lots are availabl When you own two lo Whiteley get all the material needed for 2 home with a first payment of $30. rms low as $10 LET US SHOW YOU HOW e greatest building plan ever recting the home of your We are closing contracts for this ::"“m:‘"’n"’ every week and houses porches. Third floor—one bedroom, billiard room, storage space You should mot pay rent. Invest and open porch. e the Holloway Plan'ai once. Call st'ie |' Electr‘x’city and hot-water heat. Built-in garage for two for an interview. Teleptone Frank. 898, or mail the £ In &8, o e conpon for full in Take trolley at 15th and H n.e. out Baltimore boulevard, get off at Whiteley. MAIL THIS COUPON FOR FULL PARTICULARS cars. Lot 75x140 feet. b This very attractive property has just been placed on the market at a price less than - $20,000 Can be inspected by appointment Thomas J. Fisher & Co., Inc. 738 Fifteenth St. N.W. Main 6830 Name .. THE J. W. HOLLOWAY Co0. 1110 F St. N.W. OPEN SUNDAY UNTIL 6:30 P.M. - 5809.33rd Street s Just the place. for a:family with children, close to school 2 mfimbp;ight ms—attractiye brick firepl a 1 00! : brick open in livi and heated breakfast Wchlyu'ven.l clg:els ;enp z::t ‘goo‘r“n D bath—inclosed and heated sleeping porch—numer, loset: include: 24 ¥ © - Slate roof—excelient l\afm:'p__lmt—electri: flflf.-'ci.’d::: house. d 28:tis oot and plerity of space room—inclosed finished large bedrooms and tile * CORD REAL ESTATE DEAL| —_— —_ ) ,—%— contal; ect: D. C. REAL ESTATE BOARD TO MEET SEPTEMBER 14 Buffet Supper Will Follow Regu- lar Business Ses- sion. | Announcement that the regular | monthly meeting of the Washington Real Estate Board will be held at Wardman Park Hotel Thursday | night, September 14, was made today y John A. Petty, executive secre- tary. This will be the last meeting of the board before the annual elec- tion of officers, which takes place early In October, President Hariy K. Boss has ar- ranged to have the unfinished busi- ness of the October meeting taken up for general consideration. The en- thusiasm and interest concerning the adoption of some proposed changes In the by-laws, is expected to be re- newed in the September meeting and arrangements are being made for & large attendance. After the business meeting, the en< tertainment committee will serve a buffet supper, under the direction of R L. McKeever, chairman. e koA FIRM LEASES BUILDING. Leasing of the building. 612 13th street northwest by Luengene & Freese was announced today by the Sansbury Company. The lessees were given an option to pur- e the property. The firm will remove from its pres- ent quarters, 1336 G street northwest, on or about October 1, with the com pletion of extensive 'alterations, to the new home. The 13th street build- Ing will afford the lessees increased accommodations, it is stated. duced and attacked by a disease. The Indomitable colonists turn nana: and an epidemic avertook them. Yet in 1911 the little colony exported $3,000,000 worth of goods, mostly sugar, gold and cacao. Bacl in Its timber lands American firms are now obtaining wood pulp. A rallroad pushes fifty miles into its forests. Despite early disaster, sugar is the chief crop.” Thos. A. Main 5526 % Owner and Builder 906 N. Y. Ave. N.W. “Ask the Man Who Owns One" Jameson-Buillt Homes Dwellings which Harry Wardman is erecting in the Englivh village, adjoining Massachusctts Avenue Pa will ix and scvem rooms and bath. Wardman & Waggamah were at Klingle road. The houses “BETTER HOME WEEK” IS SET IN MARYLAND October 9-14 Set Aside to Push Campeign for Purchasing by Family n’l“ Special Dispatch to The Star. BALTIMORE, September 9.—The week of October 9-14 har been offi- clally declared ‘iBetter Home week by a proclamation of Gov. Ritchle this week. The campaign, which I8 expected to result in a number of renters buying their own homes, has been fostered by the local real estate hoard and will include a big exhibit at the Fifth Regiment Armory, at which the advantages of owning your own home will be fully demon- strated. Go: Ritchie in his proclamation i “The soul of a nation is in the homes of that nation, and the aspira- tions of a people may be best meas- ured by its family life. ““There are 20,000,000 homemakers in America, and there are 324.742 homemakers in this state for whom the home s the factory—a factory that demands long hours and end- less labor and is also the temple of their pride and love. “The best minds in America and many millions of dolars have been spent to tmprove industrial working onditions. Until now iittle genius has been used to solve the problems and lessen the labors of the home- makers—to conserve her health and increase her joy in her work. “One of the most hopeful evidences of the security of America; and o the strength of her soul, lies in the success of the sound campaign of better homes, which is being devsloped by women In every state in the Union, and especially in the home-loving state of Maryland.” He therefore designated the week of October 9-14 as “Better Home Demonstration week,” Fecom- mended that the earnest support of the people of Maryland be given to the campalgn, and that every family in the state seek an opportunity to y one of the model While Under Construction Only 3 Left “First Cost Is Practically the Last” Tf you want one of these Beautiful Northeast Homes now is the time to make your selection. 6 large, all outside rooms; tile bath, w. h. electric light, large closets, hardwood floors, servant's toilet, wash trays, cement front porch, wide, double rear porches. Built-in heated garage is part of the house. In a most ex- clusive section. FOR SALE BY Jameson Aftec 5 P.M. Linc. 6146-W 1026 to 1058 ‘QuebecPLN.W. 6 Sold While Under Construction Six large rooms, H.- H., elec. lights; double floors, tile bath, servants’ toilet, wash’ trays; double _rear. porches. Built-in garage. = | | | il IBUILDING SHOWS - PHENOMENAL GAIN Middie Atiantic Statistics for Eight Months, In- clude Capital. ‘Finance and Trade Conditions - Viewed By Roger W. Babso: - Saturday this well known studeat of business readers BIat 4a A7tice Interpreting Industrial nd Leverrment PeobiEn T +WELLESLEY HILLS, Maes, Sep- recommends. There “are ‘plenty of tember - 9.—A - great ‘many’. of our|8uch good reliable houses, readers ‘have )ibérty bonds and wonder The Boad Market. it it is not time to mell them. WHen| ~“One need not walt until his liberty they' ‘went down frito the $0's people m:-lt:- :ucn.me m:a ib"::t‘k ‘ell{n‘d a them . experience in in ng. Under were frightened and threw them over. | o), 00 “O0s o 0 “selling. high- Now. that they ‘bave. goiie up 10 Par.| grade securities Iu $100 and $500 de- and better, the same people aré buying | nominations it is ncw possible to more. .This .1y & quber little world. ::r‘c'l;l:lstz:g‘?;onelnuf‘:om eljable 1nfi s only a smal In view of the tustion Boger W. Bab- |amount to invest. To.buy “one. of “It Is true that the time to huy bonds Phenomenal construction gains were recorded during the first eight months of this year for the middle Atlantic ‘states, embracing the Dis- trict of Columbia, according to a re- view of bullding activity announced by the F. W. Dodge Company. Total building .contracts awarded during this period in eastern Penn- sylvania, southern New Jersey, Dela- ware, Maryland, District of Columbia, Virginia and the Carolinas have amounted to $347,170,000, which 18 only $8,000,000 under the amount for the entire year 1921. Compared with the first eight months of 1921, this years increase is 55 per cent. August contracts amounted to $36,~ 399,000, which was a decline of 34 per cent from the previous month aad of 4 per cent from the corresponding month of last year. Last month's these “baby bonds” is a very prac- :’I'c:l H;elnllcl both :..vlns money and is When no ‘one #lss wants thews ‘and |becoming interested in securities s not something which should the :time to sell honds is wheh every | by done when securities are high, as one wants them, Hence,” 1 strongly|is the case when the Babsonchart recommended’ the purchase of liberties| Shows business to ba considerable two_years ago when they were selling | avor ® thyy, Jomal line. | Tod il in the 30's. 1 am mot: quite convinced, [ below the normal Tine, such securi- however, that the time ‘has yet come 1’1:-.’ S:lould be worth more in the for_selling them, ‘even though they are & Togeomp. aoting Sather Sossarty AF the wibeadnt. Much more money is available to- " Worrying Over Strikes. - eople are worrying "as i« affectthe rajicoad and coal gt ndustrial disturbances day for investment in government, municipal, railway, public utility and what | 80und corporation bonds than at any es_snd | time in the history of America. It is other will pave on the price of liberty bonds, eri- ca’'s greatest an@l 'mpst ‘popul in~ ‘be only natural estimated that there has béen an in- should depress crease of available funds for invest- bances the price of lberties a little; but such ment of over 50 per cent since 1914. Of course, on the other hand, the effect would be only temporary. Money is destined to be even cheaper than it needs of the world for construction ably likewise increased nearly 50 per is today, and interest:rates will mn-' cent.” However, the net difference should be in favor of the investor. Therefore hold such good securities purposes are enormous and have prob- tinue fairly- low fo gome time to come. as you now have and buy more just This means that banks will again come into the market ‘to buy liberty bonds. [as fast as you save money so lon . These purc the bunks, to-)as the Babsonchar: flgurc remains | e rn, e O orees gether with the purchases of the gov- (below normal. Today it Is 9 per cent | PeF cent, Yor residential buildings: $5.895.000, or 16 per cent, for pubile works and utilities: $4,969,000, or 1% per cent, for business buildings, and $4.581,000, or 13 per cent, for educa- tional buildings. $52,204,000 Work Planned. Contemplated new work reported during the month amounted to $53,- 294.000. Contracts awarded in the twenty- seven northeastern states during Au= gust amounted to $322,007,000, ac- cording to the Dodge Company. This figure was 46 per cent over that of i August, 1921, and only 8 per cent un- der that of July, 1922. That a sea- sonal decline has set in after four months of unprecedented activity and that the decline is so slight would seem to be a most wholesome indi- cation for the remainder of the year, it is stated. The August figures brought the to- tal for the vear to date up to $2.362 872,000, which is not only the larg figure for the first eight months of any year, but is greater by $7,000,000 than the total for the entire year 1921. Comparing this year with 1821 on the elght monthe’ basis, this vear is 68 per cent ahead. Industrial Plant Increase. The outstanding feature of the Au- gust statement is the increase in in- dustrial _plant _construction, which amounted to $67.373,000, or 21 per cent of the month’s total. This is the largest monthly figure for this class since March, 1920. One project @c- counted for $35000,000 of this large total, the by-product coke plant of the Carnegie Steel Company mear Pittsburgh. Even omitting this large single project, the remaining amount is greater than any monthly total since November, 1920. Residential building _still maintains the lead in August, with $100,852,000 worth of contracts, or 31 per cent of the total. Public works and utilities amounted to $49,825.000, or 15 per cent; business buildings, $35.122.008. or 13 per cent, and educational build- ings. $32.055.000, or 10 per cent. Contemplated new work reported during the month for the twen seven states amounted to $371.249,000 below normal. In other words, when ;nh: Babsonchart registers above nor- 1 it is a good time to do busi- ness, but an unfavorable time for lorg-term investments. Babeonchart registers below . normal it is a poor time to-do business, but a good time for making long-term investments. ARDMORE BRINGS $45,000. | Sales aggregating $156,750 were an- nounced this week by F. M. Johnson. Among properties involved was the Ardmore apartment house, 915 20th Street. J. C. Love sold the Ardmore to A. W. Felka for $45,000, it was stated. The building contains eight apartments of four and five rooms each. The honse just completed by Mr. Johnson at 3sth and Kanawha streets | was sold to J. B. 7. all of the various issues of liberty | This home, in léhepf;dgfls:orc:fufso:i bonds are due or even callable. But|nine rooms and two baths, with double it so. such a plan will be favorable | sleeping porches and a brick garage. to the holders. I certainly advise|Another Chevy Chase home, at 11 readers to hold their liberty bonds|Newlands street, “the Whitford until such a refunding announcement | home,” was purchased by J. C. Love is made. for $23,600 . This is a nine-room and ‘After selling liberty bonds be care- three-bath bungalow with a lot 756x ful in what you invest. A great many |150 feet. money sharks will be on the surface | Other. of the water looking for fish when | changed * through : this refunding plan is put into apera- | Thayer avenu:, gsu\lg"s:fl: ety tion. People are already traveling|room-and-batfl detached home, sold about our cities hunting up holders | by J. D. Clagett to Mary V. of liberty bonds and offering to swap | $7,200; 711 Varnum street northwest, for them varjous kinds of stock. Be- | wix-room-and-bath -modarn brick wage of such men. Don't talk to them | house, 80ld by Charles A. Wildrom o or even listen to them! Shun them a8 | . L. Hawkins for $8,760; 1468 Mon- if they had smallpox. When you wish | roe street, & six-room and bath home to invest money ask the bank where | with modern improvements, sold by you have your savings account to|Eillen Brunodto A. W. Felka for $9,500; recommend some good investment | Sligo avenue, Silver Sprink. a. de- firms. Go to them: tell them Your|tached home, sold by James G. Wright condition and put them on their honor | to G. W. Bonnette for $12,5600: 47 New to protect you and your family. 1In|york - svenue northwest, a brick ninety-nine cases out of a hundred | house in the business section, sold by you will get good honest advice which | Mrs. T. D. Dailey to G. L. Whitford will be worth money to you. When |¢or §4,800; 221 13th street southeast, our liberty bonds become due or are | giy rooms and bath home, sold by called for payment follow the same | yohn § Spalding to Mrs. John Maier course. Either put the money in the | t,r $6,500, and 1450 Spring road. sold savings bank or invest it in securi-|pby Winfield Preston to Mrs. Trill B. tles which a_good investment house | Young at a consideration of $11.500, « Immediate OPEN FOR INSPECTION Possession A most desirable and very .ex- 422 to 430 LAMONT ST. N.W.- Between Park Place and Warder Street N.W. cellent suburban property facing NEW HOMES on the Baltimore Boulevard be- tween Laurel and Washington, convenient to both electric line ONLY FOUR LEFT Six Rooms, Tiled Bath, Modern Must Be Inspected to Be Appreciated Price, $8,450-Terms L. J. MANGAN rooms, 3 baths and lavatory. Newly papered and painted Owner and Builder 414 Luray Place N.W. ernment, must keep the price up and quite likely farce 'still higher prices. Therefore, I definitely advise readers to hold their liberty bonds belleving, that they will - ultimately prices. Be prepared, however, possible temporary decline in order not to be panic-stricken if such a tempo- rarv decline takes place. “The fourth 4%s are today selling at little over par and are callable at par in 1933. Readers can be pretty certain ‘that the bonds will be called at that time. This means that on the 15th of October in the year 1933 these bonds will sell at par. "Not 1 per cent ; above or 1 per cent below. With a| i constant interest rate between now angd then the bonds should be at their est point about 1927, or halfway between now and their callable date. The same rule applies to all of the different fssues with their various maturities. Of course, it is very like- 1y that the government will provide some general refunding scheme before properties that were " ex- throughout. Heating apparatus and plumbing in excellent con- dition. New gas piant. Suitable for targe family, club, school or roadhouse. . Servants quarters containing ‘about 5 rooms and bath; barn, newly painted, suit- able for remodeling into house, new chicken house, pig pens, ice house and tenant house. About 21 acres, of ground, numerous fruit trees and shade trees, variety of flowers, choice truck garden. PRICE, $25,000 Thomas J. Fisher & Co., Inc. 738 Fifteenth St. N.W. Main 6830 HomeValues Without Competition Close to 14th St. Cars Nowhere in such a location can be found homes priced as low as these - Another New Operation 1202 to 1226 Kennedy Street N.W. NEARLY AL_L SOLD Six rooms and bath 138 feet deep to wide alley Convenient to stores, schools, Lots D. J 1321 New York Ave. NW.