Evening Star Newspaper, February 21, 1925, Page 22

29 REAL ESTATE. el South to See Greatest Growth In Next 25 Years, Babson Says Believes Move From North Will Record Expansion—Reviews Pres- ent Conditions. BY ROGER W. BABSON. BABSON F .. February 21.— History shows that all great countries pass through two distinct economic movemen each being at its height for fro 50 to 100 years. The first of these movements is when Deople | gradually move from the Iast west-| ward. In our country this began in 3 with the discovery of gold in Californiu, although it did not reach its height until after the Spanish War. The great development in Call- fornia has been during the past 25 years, This development from Kast to West continues until the cheap| lands have been taken wup; then a| second great movement starts, namely, from North to South. This has been true with every great country, and this second era is just now beginning in the United States. Sees New Day in Southland. If ecomomic history repeats itself, the South during the next 25 years will develop as the Pacific coast has during the last 25 vears. This does not mean that the dev nt of the Pact ast will stop no one fool himself with this ide because as the people of China, India and the Far t awake and become consum- goods, the Pacific coast's development will be greater than ever. The most spectacular growth, however, from now on fn the TUnited States will be seen in the South. This is best illustrated by the fact that whereas tha bank. clearings of the entire country during the past years have increased on an less than G per cent, it is ted that the bank clearings of tative cities of Florida dur- ing the same five years have more tban doubled. ers of American Autos Stimulate Move. wing to the good road movement, no?\‘ in full swing, und the 15,000,000 automotiles in the country, this eco- nomic movement from North to South should be much more rapid then the previous movement from ast to West. This is all the more true considering the greater pros- perity of American people today com- pared with any previous time. Not only does the South possess wonder- ful natural resources, a beantiful climate and cheap land, thus insuring an all-year-round development, but thero ar 00,000 additional people who cou! well afford to spend their Winters in the South. By so uolng‘ these pcople could lengthen their| lives, on the average, about 10 years andvcould spare two or three month: ¢rom home without any interferenc with their business § It would be a tremendous economic gain for the Nation to extend the lives of these people—the ones who create and develop their home communities and who furnish the initiative for America. We are striving to con- serve natural resources, but the greatest of all resources are the few people in each community who fur- nish the courage, energy and capital which make these com- munities grow. Many Special Advantages. Every section of the South has great possibilities of growth. Every one of the 11 Southern States has distinct advantages, which in each case are unigue. For instance, the Carolinas have a seacoast which is unequaled in the world; Tennessee leads in climate for all-the-year- round life; Georgia will be America’s greatest textile State; Florida is the one tropical State in the Union; Ala- bama is richest in natural resources and is destined to become the great- est industrial State; Mississippi and Louisiana_are_rich in timber and Louisiana are T08 B respective Colored Home Buyers First Time Offered This Row of Colonial Porch Homes | character, energy and capital. Just Off 16th St. N.W. Sample House, 1676 Kalorama Rd. N.W. Open for Inspection Sunday and Monday Reprosentative on Premises Six Rooms and Bath Electric Lights Colonial Front Porch Attractive Electric Fixtures Newly Paj Newly Painted Price, $5,500 Very Easy Terms J. DALLAS GRADY 322 Maryland Bldg. 1410 H St. N.W. Main 727 other forest products, and may ultl- mately grow most of the pulp used for papermaking, while in the mean- time these States possess the great Mississippt River, the largest wWater- way in North America. Arkansas is raising wonderful cot- ton, which fs making the finest auto- mobile tires; Oklahoma s supplying us with ofl; while Texas s an em= pire in itself, the possibilities ot which have not yet been scratched. When one considers the statistics on these 11 States, he i3 astounded with thelr natural resources, the amount of available land and thelr per- centage of growth. All the South needs is some more people With The latter especially, is needed, because the South already has a population unsurpassed in character. Money, however, is scarce. Long-time loans at reasonable rates of interest are very difficult to get in most sec- tions, ulthough the security offered fs perfectly good. Temporary Slump Noted. Of course we all know that present business conditions are not now up to normal in many Southern States. The South has suffered with the rest of the country. Briefly, the situation 1s as follows: North Carolina—Present tendencles not altogether satisfactory, but im- provement s in sight. Road construc- tion and new building continues to give employment to most resident craftsmen, but the textils industry has been very quiet, resulting in con- siderable unemployment among textile workers. Statistics, however, forecast « better textile year for 1925. South Carolina—Improvement slight but steady. In a general way the same comments made for North Caro- lina can be made for South Carolina also, although the cotton crop of South Carolina was off only 33 per cent in value, compared with u de- cline of 45 per cent in the case of North Carolina. The outlook for both States is better for 1925 Georgia Conditions Improve. Georgla—Improvement has been in- terrupted by textile conditioms, but all are looking forward to a better year in 1925. The cotton crop in Georgia increased in value over 19 per cent compared with last year, while corn showed an increase of 7 per cent and tobacco of over 100 per cent. Wera it not for the textile situation Georgia would have had an extru good year in 1924, and, with the improved textile outlook. ull are looking very hopefully to 1925 Florida—Citrus market unsatisfac- tory, but new construction and gen- eral growth very great. From &n economic standpoint Florida may be called the newest State in the Union, and hence has many problems to solve, including the preservation and canning of citrus fruits and juices; but the State is now attracting the attention of capitalists from all over the country. These men are bringing 20 much new money into the State that local conditions are of secondary importance. Alabama Industry Picks U) Alabama—All tendencies favorable, with better feeling in the iron and steel industries, coal mine and lumber. Ala- bama is the Pennsylvania of the South, while Birmingham may some time out- rank Pittsburgh in population and wealth. With its great undeveloped re- sources of all kinds—including a water power which rivals Nlagara—this State has great industrial possibilities. Al- though 1924 has been qulet {n Alubama, as in many other localities, the State is sure to benefit greatly from all {m- ‘A FEW WURPS Ag%vr LVMBER LUMBER and its allied subjects, such as building and con- struction, cannot be discussed by persons who do not know the facts. We give you all the facts—boiled down for busy men! “Buy Here—Save Money” Yost & Herrell, Inc. Lumber and Millwork 1ith and O Sts. SE. Lincoln 1216 NEW BRICK HOMES! 508 to 526 Crittenden St. N. W. Near Sherman Circle 20 by 142 Feet Compare These With Any Others in This Section Before You Bay E o 518 Crittenden St.—Open for Inspection HOW TO GET THERE—Take 14th Street or Geergia Avenue car to Crittenden Street. Walk due east to houses. Wm. H.Saunders&Co.,Inc. ltors—Or Your Own Broker R 1433 K St. N. W. Main 1016-7 THE EVENING STAR, WASHINGTON, D. REG’LAR FELLERS—A New Washington. AN HE SAID “PATHER , | CANNOT TELL A LIE, | DID IT WATH MY LiL HATCHET®! AN THER HE BECAME FAMOUS! provements and such prosperity as its neighboring States enjoy. Mississippi—General industrial condi- tions improving. This State has had a fair year and is very hopeful as to 1926. Outlook in Other States. Tennessee—Outlook somewhat better, though not up to normal. The same general comment applies to Tennessee. Arkansas—Improvement continuing, and temporary hesitation overcome. Loulsiana—Upward trend has been slow, while ofl market was depressed, but higher ofl prices should show marked {mprovement. Oklahoma — Gradual improvement continues. Although the oll, stone, glass and clay products industries are quict, this State—compared with others—is quite prosperous today. Texas—Trend distinctly better, al-| g though results are not yet evidenced. Although the Texas cotton crop was Off the season, compared with last year, lumber and oil industries are operating on full-time schedule. Bullish on Investment. General Conclusions. — Personally 1 am very optimistic on the entire South. I believe that the greatest percentage growth of the United Btates will be in the South during the 10 years from 1820 to 1930. The railroad statistics, bank clearings and bullding permits all indicate this result. Hence, I have been bullish on Southern Railway, Atlantic Co: Line and other Southern investment Florida has saved the Seaboard from & receivership and may put the ferti. lizer companies back on their feet. Yes, the South is doing more than its share in improving general busi- ness. The Babsonchart now shows it at 5 per cent above normal. PR . S, Charles Ellingsworth of Chelsea, England, who i one of the few 1 ing who fought at Balaclava, has ju celebrated his ninety-first birthdi Drive Out Conneotiout Ave. and thru Bradley Lane— then turn right one square to LELAND. $8,750 On Easy Terms Buys a LELAND HOME Sunday and Monday The Office and Exhibit Houses at CHEVY CHASE, MARYLAND OU ARE CORDIALLY INVITED to take advantage of the fine weather and the holidsy Monda charming residential vidual, GETS 90 DAYS IN JAIL FOR HAVING WHISKY Judge Denies Plea for Leniency When Defendant is Convicted Second Time. Justice Hoehllng, in Criminal Divi- sion 1, yesterday sent Willlam Wright, colored, to jail for 90 days following a plea of gullty to a second offense on and transporting in- Attorney A. W. Scott made a plea for lenlency, but Justice Hoehling declared “there i{s no in- centive for bootleggers to stop their operations and obey the law If the imposed on them and other pun- ishment is so small o make barely an impression on them.” Henry Leroy Johnson, colored, who took part in the robbery of a war veteran was given a term of 1 year and 1 day in the penitentiary. Terms of 6 months each at Occo- quan were imposed on Frank Bird, colored, assault, and Richard Crymes, colored, joy-riding. Probatlon for 2 years was given Lonnle Craw- ford, colored, who admitted a larceny young white man who violated the Volstead act, was given a sentence of months in jail, but the sentence was suspend- ed ‘and he was placed on probation on condition that he g0 to his father's home in Florida. —_—— $7,000 Bracelet Reported Lost. Mrs. J. D. Noell of 1770 Massachu- setts avenue has reported to police that she had lost a $7,000 dlamond bracelet between her home and 1329 R strest and 1440 M street last night. ‘The bracelet was set with 40 dlamonds in platinum. Leland to visit this b of indi- moderatepriced Homes! WARREN OWNERS AND BUILDERS 925 15th St. Eveninge—Cle “2“! ol Over 60 Sold Already! Just Think $500 CASH And You Can Move in Your Own Home in Beautiful Cromwell Terrace Read This Descripti Six bright rooms, hot-water h electricity, French deors, bullt-in heated garage. - ¢ To Inspect— The Joseph 919 15th St. N.W. Make This The MOST IMPORTANT North from 4th and Rhode Island Ave. N. St., west to 3d St, then north to phone No. 2150 for free auto service. experience incorporated in why our new homes at 707 to 727 Kennedy St. N. W. Greatest Home Buying Values in Washington! An Shapiro Co. Frank. 1140 MAKE THIS |Home-Buying Day Consider the future of them a real home that value. Built like you would They have our 35 years of home buildin your family—give has highyreule ve built it. them. Thatlg Buy s James Martin Quality-Built Heuse sad Be JAMES MARTIN REAL 721 13th St. N. W. DROTT LODGE OBSERVES Members of Vasa Order of Amer- The fifteenth anniversary banquet and dance of the Drott Lodge, 168, Vasa Oden of America, wis Thursday night at the New Ebbitt Hotel. The members and guests were fl 1925. C, SATURDAY, FEBRUARY 21, (Copyright, 1935, b rade Mark Reg. U. 8 greeted by Arthur Lewey dent of the lodge dresses were made by berg, minister to the from’ Sweden; Senator Minnesota and _Albin treasurer of the Lodge. Entertuinment Mrs. Frank H. Mrs. Louise D. companied by C. H. Strange wa: entertainment co United ITS 156TH ANNIVERSARY ica Meet at Banquet in Ebbitt Hotel. was ed Omerod, Allison, prov pian soprano, held ittee. zation are: Mrs. Emma past presiden the Bell Syndicate, Inc. . Pat, Off.) the presi- The principal ad- Axel Wallen- States Shipstead of Wahlstrom, Pennsylvania District by , and Miss Zelda L. Miller. chairman of the ‘The present officers of the organi- Sandberg, Arthur Lewey, presi- A Special Value Is Offered Im This Unusual Business Property 1622 14th St. Suitable for a Physician Desirably located on the north side of Q St. near 23rd. Attractive three-story brick. Good condition. Can be eco- nomically remodeled into ofs fices and home. First, second Lot frontage, 25 feet. M feet, wid and third floors contain nine u:“e ) to wide large and two small rooms, 24 i} two baths, electricity. House frontage, 223; iect. Price, $20,000 Thomas J. Fisher & Co., Inc. 738 15th St. N.W. Main 6830 This property has splendid speculative possibilities and is ‘well fiaanced. For Inspection and Price See Realtors 1415 K St. STOP! AT OUR STORE AND LEAVE YOUR ORDER FOR NEW WINDOW SHADES Factory Prices A “SHADE” BETTER Main 4752 |830 13th St. N.W.| W. STOKES SAMMONS, Proprietor. ABOUT iful 10,0005 SR TFT, This beautifu lot with fine old shade trees and shrubbery. One of the most valuable sights in Washington. Rea- sonable price. SIXTEENTH STREET L€ Breunanger &Soxns BUILDERS end REALTORS £1502,:9T5 150 Stop and think a moment. Do you know that Real Estate Values in Washington are rapidly increasing and land for building is not easily found? WE ARE OFFERING YOU CHOICE BUILDING SITES in a rapidly growing section for $150.00. Terms as low as $10.00 down and $10.00 per month. Good white neighborhood on car line. High elevation, modern improve- ments available. New concrete road to be started this Spring. 3 Send me full particulars, etc, of lots at Whiteley, without obligation to me. Come out Sunday—take bus at 15th & H Sts. N.E. marked Bladens- Mall This Coupom—__ .| burg, get off at terminal. The J. W. Holloway Conipany REAL ESTATE—Room 54 Loew Bldg. 1110 F Strect N.W. Franklin 898 - ] I I | | I. REAL ESTATE. —BY GENE BYRNES dent; G. Christiansen, vice dent; Gottfrid Bengtson, secretary; presi- | secretary; Malcolm Blom, treasure: i n recording | Mrs. Mona Millbrook and Bengt Brc Fred Sandberg, financial|lin, masters of ceremonies; Mart Moo JAMESON-BUILT HOMES! Inspect at Once = ®D 1221 to 1229 = <z N Randolph Street N.W. Only 1 Square From 14th St. Car Line Six large room tiled bath, h.-w.h lights, double floors, built- in ice box, servant’s toilet; wide, double rear porches, cement front porch, deep lot to wide alley. Ask the Man Who Owns One Built, Owned and For Sale by Thomas A. Jameson Co. Ouwners and Builders 906 N. Y. Ave. NW. Phone Main 5526 Any One Can Drive On An Open Road ANY ONE can drive when the road is open. It is a different matter when a hundred cars are fighting for the same road. Any one can operate an apartment when rents are high, space in demand and everything runs smoothly. The value of expert management becomes apparent when apartments lie vacant and competition for tenants is keen—when in- come dwindles and upkeep is high. The successful owner of rental property avoids such conditions. We have been successfully managing rental properties for Thirty-two years. We are essentially MANAGERS OF APARTMENT HOUSES B. F. SAUL CO. Main 2100 925 15th St. N.W. 9 More Sold This Week Making a Total of 30 Sold This Month Inspect Today, Sunday and Monday " The Best Value in the City Overlooking Saul’s Addition A Restricted N.W. Neighborhood Only a Few Remain Unsold $8,750 to $9,950 Many Unusual Features That Have to Be Seen to Be Appreciated Exhibit Homes Open Until 9 P.M. 811 Decatur St., 4837 Ilkinois Ave. To Inspect Take the 14th Street or the Georgia Avenue car t Decatur Street, walk east to property, or phone Mal 617 for free auto service. MORRIS CAFRITZ GO ¢ 14th and K Sts. Main 617