Evening Star Newspaper, December 16, 1922, Page 13

Washington’s -Growth Reflected in Real Estate and 'RECENT DECISION UPHOLDS LEGALITY OF REALTY LAWS National Association Urges Local Boards to Pay Close Attention to Standard Set by Supreme Court. - HOME OWNERSHIP URGED IN DISTRICT Washington Real Estate Board Emphasizes Benefits of House .Holding. Members of the Washington Real Estate Board have joined with the National Association of Real Estate Boards in a campaign to educate the public nmationally to the significance of the title “realtor.” which is a coin- ed word reserved by the national as- soclation for the exclusive use of active members of real estate boards affiliated with it. Executive Secretary John A. Petty today pointed out that the advertis- ing committe of the national associa- tion recently adopted a national pos- ter campaign, which has for its pri- mary purpose the spreading of the doctrine of own your own home. Va- rious own-your-own-home clmpxlgns] have been conducted in different citl throughout the country by real es- tate boards and also in connection with thrift week campaigns conduct- ed by the Y. M. C. A.~ While the local real estate board has never undertaken an own-your-own-home campaign and has no such movement in mind at the present, it appreciates the importance of keeping before the public the benefits of home_owner- ship. To Display Peaters. In this connection members of the Jocal board are co-operating with the advertising committe of the ‘association and have agreed to dis- play iIn their offices and in othe places of public prominsncs cial posters issued by association. These posters sre issued weekly and are attached perestal frame placed where it can be viewed to the best advantage by the tran- sient pubiic. The phraesology of the advertising in most of these posters deals prin- cipally with the benefits of home own- ership. Some of the posters are de- voted to warning the public against fraudulent securities and urging them to_invest wisely. ‘The poster issued during the current ‘week carries the following reading mat- ter under a picture of a model hom: “When vou buy a home you are buy ing for the future immediate present “Many factors must be considered; exact knowledge Is necessary. “Transportation facilities, the charac- ter of the neighborhood. the distance _ to churches and schools, the water sup- ly, the nearness of stores and mar- ets, sanitary facilities, heating and lighting—all of these conditions must be considered before you buy. “You, of course. will find these things out for yourself—but it may be too late. ““There are men in your community who have this exact knowledge ready for you—who will advise you conscien- tiously and frankly, whos business ethics an integrity are of the highest. “Look up your local realtors—they are able and anxious to help you—your sat- isfaction is necessary for their busi- ness success—accept thelr expert coun- sel. Learn from them where and when %o buy, how to pay for your home.” — ———— the national Elihu Yale. man in England to conduct a sale by auction. REAL"ESTATE. ~ ional | the offi- | s much as for the the founder of Yale| College, is said to have been the first REAL ESTATE BOARD PLANS DINNER DANCE First Social Affair of Season Will Be Jeld at Wardman Park January 17. OTHO C. BARKLEY. Chatrman dance committee of Wash- ington Real Estate Board. . Plans for the first formal social under its new regime—a dinner dance |at Waraman Park Hotel on January 7—were made public today by H. G | Kennedy, chairman of the entertain- | ment committee of the board. While all realtors are competifors, Mr. Kennedy stated. the various meetings and social functions of the | board have developed & spirit of good fellowship and pleasant relations be- tween members of the board, which in a large measure accounts for the | success the board has met in its | organization activities. S |"An_ elaborate dinner has been ., as well as an attractive musical program for dancini In order to insure the success of this dance @ special committee was appointed to arrange the details. This | committee consists of O. C. Barkley, { chairman: Clyde C. Dunnington, vice |chairman: H. G. Kennedy, A | Walshe, H. Tudor Morsell and Lee D. | Latimer, jr. | BUILDING IS COMPLETED. Apartment House, Corner of Madi- son Street and Georgia Avenue. Completion of an apartment house at the corner of Georgla avenue and | Madison street northwest by the con- struction department of the Morris | Cafritz. Company was announced to- | day by the company. The bullding contains three stores | tacing on Georgia avenue and nine three-room, reception hall, kitchen and bath apartments, the entrance | being on Madison street. * The structure is two_ stori: It is of brick construction. —_— A big thundercloud may often rep. resent as much as 200,000 tons of water suspended in the air. es high. HAVE YOU SEEN IT? If Not INSPECT porches; large lot, 40x145. AT ONCE 1236 Crittenden St. N.W. A beautiful detached home in Saul's Addition. spacious rooms; open fireplace; sleeping and breakfast 8 Spend Christmas in Your Own Home Open for Inspection. Heated and Lighted. Salesman on Premises. N. L. SANSBURY CO., Inc. “Everything in Real Estate” 1418 Eye St. NW. Phones Main 59034 Member Washington Real Estate Board Dear Santa walk 2 blocks west to present in your bag. If you can't go Sm&y and.want us to We just happened to wonder what you think after you have climbed about 3 flights of steps to a close, stuffy, 2-room apartment (that rents for about $75 per month) on your annual visit to the children who “live” there. leaving a sled? Or ap express wagon? Or a horn and drum? And surely you couldn’t leave a real live, healthy fox terrier for the boy! And we wonder, too, whether the gift the chile dren need first and most is a REAL home—a de- tached house, with a brick fireplace and chimney— a home entirely their own, where they can do the things that children like and thrive on. Now, if you're not doing anything tomorrow aftérnoon, say from 12 o’clock until 2, ride but to Chevy Chase, get off the car.at Livingston St., then 3940 Li‘v'ingstonj Street : it for just $11,250—on thié casiest imaginabl T —we'll wager it will be the most appreciated Claus: Do you hesitate about take you out there any day next week, just phone Main 2345. It will be a joy to show you the place. ‘Merry Christmas! - function of hte local Real Estate Board | ]'. Officlals of the Washington Real Esfate Board have been advised by the National Association of Real | Estate Boards of the recent decisfon jcf the United States Supreme Court in the Tennessee real estate license law case. In connection with the notice the national association urged realtors and others interested in protecting the public to give thelr utmost at- tention in the future to the question of ralsing the standards of existing license laws and the development of their administrative efficiency, so as to establish high qualifications of knowledge, experience and character for those who expect to engage in real estate work. Of Great Importance. The decision of the Supreme Court is of special importance to the four- teen states that now have real estate license laws, as their general legality can no longer be questioned, Secre- tary Petty of the locaF board ex- plains. “The Tennessee case, known as R. W. Bratton vs. Willlam Chandler, was the United States on appeal from the United States district court of the | western district of Tennessee,” Mr. Petty states. “This lower court had | previously held the law as unconsti- | tutional, “considering it in violation {of the fourteenth amendment of the | Constitution of the United States and certain clauses of the constitution of the state of Tennessee. It had isbued | an injunction restraining the Tennes- | mee real estate commission from en- | torcing the law. Aside from the gen- | eral question involved, the Tennessee in its opinion, a man might be deprived | ALEXANDRIANS TO MEET WITH REALTY BOARD Charles 8. Shreve, president of the | Washington Real Estate Board, today announced that the December meet- | Ing of the board will be held Wednes- {day night at Wardman Park Hotel. The Alexandria real estate board members have been invited to be guests of the local realtors at the { meeting. ‘The special feature of the meeting will be an address by William E. Her- ren of Chicago, the field secretary of | tate Boards. Mr. Shreve states that Mr. Herren {s conversant with real estate board organization and opera- tion in every detafl and that he is considered the most competent au- thority in the national assoclation on the subject of modern development of real estate practice. In addition to the regular business | meeting a program of entertainment, including an “informal supper, has been arranged by the entertainment | committee, in charge of H. G. Ken- | nedy, chairman. taken direct to the Supreme Court of | the National Association of Real Es- | of his lawful rights to engage in busi- ness without ‘due notice and hearing.’ Based on Model Laws. © “The Tennessee law, which was adopted in 1921, was based upon the model license law prepared by the national assoclation in 1913, and which is also the basis of other state licenss laws. For this reason the na- tional association has been vitally interested In this case, and its gen- eral counsel, Nathan Willlam Mac- Chesney, prepared the briefs and ar- guments which were presented to the Supreme Court. Officers of the na- tional association are elated over the outcome of the case and are now as- sured that, so far as the courts are concerned, at least the propriety and desirability of regulating the real estate business for the benefit of the public has been permanently deter- mined. “The United States Supreme Court reversed the findings ef the Tennes- see court and in a decfsion, which is ! technical in phraseology. held that: Holdings of Court. | “1. Regulation of the real estate business is constitutional. “3. The Tennessee statute will not deprive any one of rights without ‘due process of law.' 3. ‘Action under the statute is in- be remitted in any part to secrecy, prejudice and Intrigue.’ “4. ‘The statute is drawn with care to details and their importance—im- portance to the business regulated and the persons who will desire to engage in it “5. “The act construed as we con- | strue it will take no power from the | commission necessary to the perform- jance of its duties, and will leave no { power with it that it can_ exercise to the detriment of any rights assured to an _applicant for a license by the Constitution of the United States.’ *6. The decision of the lower court ordering a temporary injunction be court held the law to be void because, | reversed and the validity of the act|ment or municipal bon | be sustaine: 131 Cities Still Grappling With House Shortage ‘Washington residents will be in- terested to know that people in many other American cities, too, are still wrestling with a housing shortage. A recent survey of 184 cities showed that in only fifty- three was there no shortage of homes. One hundred and sixty four cities reported that they are not yet overbuilt. ‘The volume of building in vir- tually all the cities reporting was far in excess of last year, and in most cities thq bullding already completed this year was tar in excess of any previous year. Figures on dwelling house rents collected by the National Associa tion of Real Estate Boards dis- close that rents are advancing rather than declining. Residence property sales were reported as good In about half of the cities from which reports came. Labor conditions in the construction field were reported generally as good, with little or no unemployment. 3806 KEUKUK SIKEET CHEVY CHASE, D. C. LOCATION: Less than two venient -to stores, in one Chase. LOT: Plenty of room for the children. Well terraced and sodded. Alley in the rear. BASEMENT Large -built-in garage, hot-water heating system, laundry trays, hot-water heater and servants’ toilet. P foundation.) FIRST FLOOR: blocks west of Connecticut NEW HOUSE Price Reduced AN UNUSUAL HOME OPEN SUNDAY FOR INSPECTION Avenue. Con- of the best sections of Chevy tended to be open and direct, not to | . (18-inch stone Large size reception hall with.two coat closets' (one with mirror door), spacious living room, with attractive open fireplace ;. dini: very bright kitchen, two side ‘porch “with-Fren floor plan’ and :rrangec;tn SECOND FLOOR: Four good sized bedrooms op?eninf e closets and all bright and sunay. -Two- All rooms complete pi lar; ‘bat! floore: A unday—or room with - gl rntnes and back porch. Large assed-in -breakfast room, oors from ‘reception hall. This t is very attractive. # off a center stair hall Ln'ed.storuellpace, vitll:good»'ligfit and "ventihtion; § % SR SRR KA ive of this firm will be on the premises we wil gladly show by appoi 'C., SATURDAY, "DECEMBER” 16, . 1922. How Reform Bureau wi be located at 2d street WARNS PUBLIC AGAINST WORLD HIGHEST RENT, LOW MORTGAGE RATES, 566 A SQUARE FOOT Real Estate Board Journal Gives|Fifth Avenue Knit Shop Pays Adivce to Home Loan | $70,000 a Year on Small | Investors. Corner Space. { appear when pla; nd Pe i | | Home mortgages having onterest] .. . rates lower than those generally a Whiat, d¥. s Qo b ghe. blshes | cepted as sound in realty and finacialjrental paid in the world s for a | circles a to be looked on with sus-|thirty-foot store space on 5th ave- | piclon, according to Henry R. Brigham. | s tonts oo o PR SerG wlR e [aniaee o lof the National Assoclation of Real|thirty-five feet on 42d street. The Estate Boards. In some localities, he room is occupied by a knit goods con- \ | | points out, 5 to 6 per cent is con-| e, ot B e e o thege | coTD and the yearly rental la/said to Warrant thorough investigation. | be $70,000. This figures out at about ! This warning is sounded in the offi- | $66 a square foot. ':l‘:"‘ -‘(‘:‘“ngchuf“‘}h';xr;:;h‘;‘;"l'“slufif?fifl- | Considering the fact that the Dutch | ““First mortgages on homes based on Pald $24 in goods for the whole of | [0 or 10 per cent of 2 censervative fair ) Manhattan Island, it would appear| valuation have always enjoyed high | : 3 5l o T e Sorcenpons. | that real estate values have increas ingly low iInterest rates, but they never (¢d somewhat. | have been rated as igh ax Zovern-| Real estate is relatively stable, and | s. ese lat- | y [ ias: 2 ahe mihe Sndcan cou | DOU S Catnegioncs daacrilen Kheg | mand lower rates of interest, both be- | steel industry, alternately a prince or cause of the greater security and their!a pauper, yet its changes are wide tax-exempt features. land peculiar. Today in the Wall 5 to @ Per Cent Falr. | street district office space is scarce, “Although interest rates on home:despite the great number of mam- | mortgages fluctuate somewhat, due to|moth structures that have gone up local money conditions and to the par- | In the last few vears. Those who are ticular risks Involved, the lowest rates | Searching for quarters find it hard on the best of such home mortgages |to get what they need, and what the executed on business principles are : Women know as “house hunting™ is bound to keep. in general. at least 1/ urgent and seems to know no end. per cent higher than the rates obtain- | 3 rage. Rbie ““on government and mumcipal | e doiens b J | bonds.” The result is that at the present | , Five dollars a square foot a Year is | time in most localities 5 to 6 per cent is ' 8bout the average price paid. | considercd low for Interest’ rates on able sites command more. ~And yet Fome mortgages and 6 (o 8 per cent | Within the last eight years desirable {may often be fair and satisfactory to | Office space in New York has gone | both parties, | begging. There is one towering | “The concern which advertises to:uilding in r Broadway iwhere loan money on home mortgages at 3| & or 4 per cent 18 apparently offering |Tented in 1914 for 50 cents a square to give something for nothing. It is|foot. And not only that, in cases quite proper that the public should | Where leases were about to expire the know what Mes behind such an offer, ' tenants were asked to remain rent the exact nature of the indirect reward | free for six months or longer. The that is being asked for. and whether | owners believed it better to have no the concern is being so conducted that |rent paid for a period than to have it is at all times solvent, able to show | large numbers of their offices empt: good mortgages or other sound securl-| Some of the rises in real estate ties equal to the money invested. and | values In the United States are noth- that neither the promoters nor the offi- | ing short of phenomenal. A man in cers of the concern or those actually | Detroit inherited a plece of property getting the 3 or 4 per cent loans are ! from his father. It was a moderate indirectly profiting unfairly at the ex-|sized building on a city lot. worth pense of innocent investors or appli-]some $40.000. Today the site and cants for loani I building on it rent for $42,500 a year. Red face brick, six extra large rooms, ~tile bath, colonial front porch, hot- water heat, two mir- rored mantels, laun- dry tubs, instant h.-w. heater, pantry, two entrances to basement. large yard, paved alley at side and in rear. House is semi-detached, is 3 rooms deep, and has many more win- dows than a row house. Two of the three upstairs rooms are now rented at $35 a month, Open for inspection all day Sunday and every day during the It Would Cost a buyer $1,200 Cash $40 Per Month National Realty Co., Inc., Realtors 614-15 Bond Bldg. Main 7807 Exclusive Agents '1_807 to 1847 Monroe Street N.E. - -8 Large, Light Rooms Sleeping Porches, Sun Parlors, Attics ~All Houses Open for Inspection® “Just North R. I. Ave. Cars Phone Us for Auto to Inspect | States Supreme | principally .REAL"ES REFORM BUREAU. PLANS MEMORIAL Expects to Erect $500,000 Building at 2d Street and Avenue Southeast. Erection of & $500,000 “victory me- | morial” building to house the Inter-| national Reform Bureau, on the prop- erty adjoining ths bureau’s present structure, at Pennsylvania avenue and 2d street southeast, is planned, it was announced today. A campalign for funds is being car- ried on under the direction of Rev. A. Edwin Burrowes, extension secretary of the organization. The site for the proposed building is of - historic interest, the United ourt having met burned in there when the Capitol w the war of 1812. lots, on one of which the present building is located. The new bulld- Ing .o designed to cover the whole area, when fully completed, but it is likely that only two of the lots will be covered by the first bullding oper- ation. Te Be Five Stories. The south frontage, on Pennsylva- nia avenue, is 119 feet and the north and east depths are each a little more than 100 feet. The west frontage.is | 86 feet. The total area of the lots is 111,575 aq uare feet. “The building is to comsist of five stories _and basement, to:aling in helght 71 feet. The mater:al is to be red and black brick. with marble trimming, after the colonial style of architecture. The first floor will be uszd for busi- ness and store purposes. The front rooms on the second and hird ‘loors will constitute a hotel. witk single and double room accommodations, with bath. The rear rooms on the north side will be devoted to a civic institute. In a prominent plaze, just inside the entrance, will be a “victory memorial tablet” on which ‘will he inscribed the home protection laws passed by Congress from 1882 to 192 To Imscribe Names. On another section of the tablet will be inscribed the names of men and women in and out of Congress who led the reforms of those fort years. In addition will be listed ev- ery nation, state, province and ci one or more of whose citizens con- tributed some bhundreds or thousands of dollars to the memorial bullding. The front rooms overlooking Penn- | sylvania avenue and 2d street will be used for maintaining an endowment fund for free circulation of standard- ized literature. A large court will form an outdoor auditorium for lectures and mugic, and there will be porches above sur- rounding rooms, affording balcony fa- cilities. The corner stone for the bailding is expected to be 1aid in the spring of e A Mexican has invented a process for making paper pulp from the fiber of the various plants that grow in abundance all over Mexico. It is claimed that the entire process, from the crude plant to the perfect state for paper purposes, is accomplished our hours and at a com- It includes three | .TATE. '13 e uilding News 0. 5. BUILDING HIT - BYPRICE ADVANCE | Materials Cheaper in Wash- ington Than Many Cities, Brick Men Show. The sharp advances in some_kindg of bullding materials are looked on | by many within the industries as de- | cidedly detrimental to the entire building outlook. While the advance has not been evidenced to a marked extent in the common brick market, the strong demand-and the short supply have brought, according to |the Common Brick Manufacturers’ Association, a marking up of prices. | The association is urging its members | to put more bricks on the market. Reports from Pittsburgh show that the car shortage is hampering the entire clay products industry. There appears to be some falling off in the demand for clay products for build- ing residences and an Increase in the demand for larger buildings. Saleh of slate appear to be keeping up fairly well. While fuel and car | shortages delayed shipments for a time the acute situation is now some- iwhat relieved. Contractors and others are anticipating the situation by allowing more time between plads ing orders and the use of the ship- ments. Wood Lath Offered. | Another indication of stability in | the building supply market is the fact that dealers are being ofiered wood lath. This commodity has been for some time in scant supply. The { wholesale prices have been advanced to dealers upon occasion, but the dealers price to the consumer has remained fairly steady. : Freight rates have a great deal to do with the variation in prices of building materials in different cities throughout the country. A recent survey of prices made by the United States census bureau for the division of building and housing of the bureau of standards shows a wide range In representative citier. The prices given are those paid by contractors for materials delivered on the job. Brick Prices $12 to $25. The highest price given for common brick was at $25 a thousand at Scran- |ton and the lowest price $12 at Co- | lumbia, 8. C. | Portiand cement was cheapest in | the National Capital, where the price | was $2.80 a barrel, as against $4 at Savannah, Ga. * The best grade of yellow pine was found to be seliing for $45 at Camden, N nal North Carolina pine was seiling for | 348 _at Fairmont, W. Va, and for 1$22.50 at Columbia, 8. C. Red Cedar shingles were quoted at $6.65 at Camden, while selling for $9 at St. Petersburg. Fla. Composition shingles, crushed slate | surfaced, sold for $5.60 in Washington |and for $7 in Savannah. Gypsum plaster board was selling | for $30 in Washington and for $45 in | Baltimore. ! " Lime sold for $16 a ton in Washing: ton and for $23 in Savannah. Tar roofing paper was highest In Florida and cheapest in Savannah. ANNOUNCEMENT G. G. Formerly With Shannon & Luchs Wishes to Announce to His Many Friends That He Is Now SAMUEL as Sales 904 14th St. N.W 1308 t Buchanan Associated With SHAPIRO Manager* Main 5613 0 1318 Street N.W. Salesman on Premises Don’t Miss Seeing These Houses SMy. Six Extra Large Rooms, Three Large Porches, Hard- wood Floors, Béam Ceiling in Dining Room, Tile Bath With Shower. ‘Don’t Overlook an Opportunity Only Four Left Small Cash Payment—DBalance to Suit Purchaser - ! " SAMUEL SHAPIRO . Owner and Builder 904 141k St. N.W.. . Main 5613