Evening Star Newspaper, December 12, 1925, Page 20

BABSON BELIEVES CONGRESS WILL HELP BOOST BUSINESS REATL ESTATE. THE EVENING - HOTEL SITE COST CENT. ' natiohal banks may loan on real Valuable Property in Detroit Once fmm mortgages is of the greatest STAR, WASHINGTO:! familiar to most readers. The ques- tion, however, of whether or not the importance. 1| credit at this time woul amount of capital going into buflding. ether or not such an exténslon of 4 be wite is another question. From & labor standpoint the present MBER 12, 19 foreign debt settlement, the plan to curtafl Federal aid in road bullding and the Coolidge ideas on reclama- tion projects are sure to meet stiff opposition. REAL. ESTAT Economist Says Favorable Legislation Has Largely | Been Discounted in Stocks—McFadden Bank Bills Held of Great Importance. BY ROGER W. BABSON. Bpecial Dispatch to The Star. WELLESLEY HILLS, Mass.,, De- camber 1 1dging by the sigh of re- lief that went up fr 11 business Interests when Con; adjourned last March. one may naturally wonder whether the new session just begun will serve as a check or a boost to husiness Not only the administration. but profits. Hence. from an inspirational standpoint lower tax rates are de- cidedly favorable to the business out- {look. Lower taxes, also, should be |a great advantage to American pro- | ducers in competition with manufac- | turers in England and European coun- | tries where government taxes are still | very heavy. - | The new tax fates will make it prof- litabje again for wealthy investors Sold for One Penny. exactly 1 cent, says an Associate Press report from that city. Th burchaser was Mary Watson Hudeon, a cltigen of Detroit, who obtalned th plot of ground in accordance wit an act of Congress. It happened like this: In 1805 th: town of Detroit was practically de- stroyed by fire. Many persons were ald the sufferers, Congress made & arrangement by which they could, Of course, as a matter of fact. na- | CORl crisis, of course, represents the A good test of whether the admin- GREENVALE The site of Detroit's $14,000,000 Book Cadillac _ Hotel once sold fof | reqlly hiave been made for real estate | Producing ‘elements are crying that tional banks already have a large | lminiediate problem. amount of loans outstanding which | Regarding farm problems, the corn- purposes. By this we mean that de. | What they want it “not more credit, positors of good standing have bor- | but some profit. rowed on thelr personal notes to carry | Plant to through real estate ventures. 1r, Taken as a whole, however, the however, national banks were allowed | probable action of Congress thie ses- e e h ® | time deposits on a straight real estate | busiress. ;nx‘-r(xn[u it could greatly increase the Such matters as the World Court, S e Surtorers. Congress’ mud Tr“.1g||llllllIIIIIIIIIIIIIIIIIIII|III1||IIIIIIIIIIIIIIIIIIIIIIIIIIHIlI|||IlflmllfliIilifllllflliiIlIllIlIMllIlilIllllliilillilfllflfllIHIIH‘g_Lf for a very small cash consideratio obtain Government land. Mary Wa son Hudson bought this particular tract for 1 cent. Ten years after the lot was purchased by a speculator for | THE FAMILIES WHO BUY THESE NEW SEMI -DETACHED HOMES istration’s plans are successful will be seen in the trend of the Babson business conditions is rising and now stands at about 18 per cent above barrass Administration. | normal. & N m man leaves his wife she now to lend even one-half of their | sion should be generally favorable to |, 0Bt half 8o much as she tHInkS Ba; o, At present this index of For Lease LOW RENTAL Unusually Wide and Deep Store | to put money into industral develop- { ment rather than into municipal ex- N | travagances. Every business man and ginning to realize that by encouraging | v go worker will use his influence to Jusiness they do most to help all|pave the new tax law go through on g cmployers or €M iye pasis indicated by the committee Foioc™” actiuity of provipus. essions | FeP0rt ¢ e e s Rallroads and Shipping. £ot nowhers because it was merely Aght over the division of wealth al-| The administration is firmly behind produced. Tt did not heid inthe proposition of raflroad mergers g mo The plans of the | ;n4, sooner or later, there will be some t ndministration are sound be-! {itrant mergers. It may be that ause they result In greater and moOre | certain roads affected will furnish economical production and thus cre-|gome fireworks in the stock market MU b, ore next year is ended. However. does not mean that all railroad s will advance on the strength advantageous mergers of a few in- idual lines. In fact, the public bably will lose more money than will ghin by trying to pick the ds that will benefit. nvestors must remembers that any \ron terest am steps to help the roads as a whole ents 1 mmediately face the demands of ship- policy. Business m pers for lower frelght rates and, most > this sess tant of all, the demands of rafl- road emploves for more wages. Already raflroad conductors and srakemen are negotiating to secure a rectoration of wartime wage scales 1 renewlng their agreement, which ires on January 1, 1926. Roads in Better Favor. . far as Congress is concerned, - tue railroads apparently have passed more and more of the members of the two Houses of Congress are be Saving People’s Money. their greatest difficulties, and popu- | lar feeling is more in favor of the than it has been for 20 vears. is a very important point in view of | the « t demand for quick deliv nd small-order buying the past three administrations ed States ship h on production | has more or less 1s existed the last ¢ vears.|the closet. While ther o stifies enterprise as the | mation of scandal, v atever happens one | is share of his | not likely to but the radical rates greatly is no inti- heless there ton Real Estate Board Hap i TS 3826.28-30-32 Veazey St. NW. rot stand up well under a public in-! vestigation. President Coolldge has | irherited most of the difficulties, but —will get splendid 8-room homes in the growing part of Washington. These homes are complete in every detail, in- Such a large living room in a big T-room house is bound 1o please you. $2,000 cash and $95 per month will buy it Exhibit Home 612 Whittier St. N.W. Realtor 1414 K St. N.W. Main 1022 If I Were You and wanted a really good home at a mod- erate price, I'd take time Sunday to see - 5527 Nevada Avenue CHEVY CHASE D C l a charming new detached residence occupyving a delightful site two square: st of Connecticut Avenue at McKinley Street. near the edge of Rock Creek Park. Entering from the cosy porch. you find a cheery fireplace in the large living roomi. an attractive dining room separated from the well- equipped kitchen by a handy butler's pantry. three comfortable bedrooms. full tiled bath with built-in tub and fixtures. oak floors throughout. distinctive electric fix- tures and many other refinements. The roomy garage at the rear matches the home in design. A visit will convince you this is an exceptional value at $13.500 on Good Terms OPEN AND HEATED ALL DAY SUNDA}) Immediate Occupancy BOSS MB PHELPS THE HOME oF HOMES 1417 K Street Main 9300 REALTORS Dea? With A Realto nevertheless it is likely that the ad- | ministration’s opponents will endeavor | to air the shortcomings of the Ship- | ping Board during the coming rionths. ! Imagine that President Coolldge would like very much to get the Gov- ernment out of the shipping business, altbough there are two distinct sides to the question, both worthy of very careful consideration. Banking, Labor and Farming. The two McFadden bllls promise a very interesting fight some time dur- ing the coming session. In the first bill are two main points: (1) The ques. tion of whether branch banking un der certain reatrictions shall be al- lowed to expand, and (2) whether na- tional banks shall be allowed to loan oa real estate under certain restric- tions. The branch bank question is cluding a 2-car garage in rear, cellar, attic, double floors throughout, tile bath and shower, hot-water heat, Pittsburg instantaneous water heater, cement front porch—in fact, everything there is to be found in the up-to-datc home. Samplé House 3832 Veazey St. Open and lighted daily and Sunday until 9 P.M. To in- spect—Take Wisconsin Ave. car to Veazey St. walk % block to property. p i & The James Martin Realty Co. Owners and Builders 307 Investment Bldg. Main 4413 OO0 An 7Ins71:jection': Will Convince the Most Critical Buyer That These Homes ARE ABSOLUTE BARGAINS and Cannot Be Duplicated at the Price TO INSPECT—Drive Over 11th Street S.E. Bridge. and S Streets) 1516 K St. N.W. FEATURES: Linoleum on kitchen floor. Hardwood floors up and down stairs Pittsburg automatic *h.-w. sf e heater Large | 2213x112 feet—to an alley Built-in bathtub, tiled bathroom Builtin fixtures Built-in_refrigerator Allenameled gas range 1010 F St. N.W. Opposite Woodward & Lothrop WALTER A. BROWN 1341 “T” St. S.E. ty, hardwood floors, big lot. 1400 H St. NW. The ideal suburban section. 5 and 6 room bungalows and semi-detached homes for the man of moderate means. Terms as low as $350 cash and $55 per month. Large lots, wonderful place for children. One mile within city limits. Drive out Bladens- burg road to Channing st. and be convinced or call us. GARMAN BROS. 2423 Bladensburg Road Linc. 9400 Unprecedented Values in BEAUTIFUL “FAIRLAWN” Open Today and Sunday Exhibit Home A four-bedroom Home for *8,95 TWO LEFT Hot-water heat, electrici- big lot. Exhibit Home—1410 Ridge 5,950 34 BUILT—3 LEFT Exhibit Home 1420 “S” St. S.E. A Home with a built-in $7,950 ONE LEFT Six rooms, hot-water heat, slectricity, hardwoed floors, Exhibit Home 2013 Naylor Rd. SE. A Home with a 177-foot lot 36,475 THREE LEFT porches PL SE. Hot-water heat, electricity, hardwood floors, tile bath, three porches, laundry trays in cellar, etc., etc. These homes can be purchased on small cash payments and balance less than rent — an opportunity of a lifetime Adjacent to new $10,000,000 Speedway Park (Between R REALTORS LQQQFEASS Turn Left at Our Signs. Frank. 5678 REALTORS Concrete front porches and many other unusual features Moderate Price, $9,55 Terms SAMPLE HOUSE, 1031 GIRARD ST. N.E. COMPLETELY FURNISHED BY PALAIS ROYAL Open and Lighted Daily end Sunday Unhl 9 P.M. JOSEPH C. ZIRKLE :.’ES Colorado Bldg. Ovwner and Builder Portable kitchen cabinet Main 4985 If You Believe In the United States—Yeou Believe in Washington! The Practical Home in Location Socially Right! New Bri.ck Homes in Smart J Chevy Chase, D. C., at ll ll New Low Record Prices $9,350 and $9,500 Only $500 Cash Coal Supply Guaranteed! Purchasers of these homes need have no fear of coal famine for we will positively guarantee full supply of coal to meet all of the winter’s requirements. l" 42d and Jenifer Sts. N. W. These are splendidly constructed semi-detached brick houses of 6 rooms, fine large tile bath, h.-w. h., elec., hardwood floors, large closets, porches—in fact gevery modern convenience. Close to the highest point in the District, near the splendid Chevy Chase Play- grounds, a section of D. C. where values mounf rapidly. The homes are extremely vractical for the woman who expects to do her own house work. Exhibit House Beautifully Furnished by W. B. Moses & Sons Drive out Conn. Ave. to Harrison street, west to 49d, and north to houses or Wisconsin Ave. to Jenifer Street, tarming east to houses. ALLAN E. ER 813 15th St. N.W. Main 2690 1415 K Street These Homes Offer exceptional investment One Square from the Cathedral— 3712 Garfield St. Two-story semi-detached brick, of six rooms. bath and three porches. The location is most attractive and the plan and equipment of the Home throughout of a character that will qualify with your idea of what a home should be. Price Is Very Special and terms to accommodate Open for inspection Sunday from noon until dark. Or. phone our office at any time up o 9 p.m. £ Northeast’s Best Buy 609-11-13 Girard St. A very attractive section of Brook- land, D. C. Just three of these especially well-built Homes are avail- able. Six rooms, bath. sleeping. breakfast and front porches — and handsome tiled bath. You cannot suggest a feature that these Homes Jack—and they are built to a high standard. Price is $7 ,950 -and $65 a month pays everything Open for inspection all day Sunday. Or. phone our office any time up to 9 p.m out Rhode Island Ave. st orth €0 Central Ave: e e, to Sth Bt N.E. furn right % T {0 Giraed sL. un] MJCKEEVER 4GOS Inspect them without obligation of any sort Chevy Chase Bungalow 3538 Quesada St. Three short blocks from the Circle to the District—stucco finish—six big rooms and bath: and porches front and rear—and an attic above and a cellar under the entire house. The lot is 40x144 fect—with eight towering oak trees. Brand new and ready for occupancy. Price, $]1] -500 with terms you'll appreciate Open for inspection Sunday from nn niil dark. Or. phone ou: office at time Up to O pm In Chevy Chase, Md. 113 East Underwood S A Center Hall Home—stucco con- struction, with Spanish tile roof. A short block from Conn. Ave. Lot 60x125—with a grove of 30 oak trees surrounding. Seven rooms. two baths, - big covered concrete porch and built-in garage. facing the strect You have never seen a more com- pletely equipped Home—and in most delightful neighborhood. Price, $16,000 and terms equally surprising Open for inspection—Sunday_from noo: intil dark. "OF. phone our office at an fime up to @ pan. Motor out Connectics Ave.: or take Chevy Chase cars to Fast Tnderwood St—and it's only a stones throw from the avenue. Main 4752 Deal With a Realter Hot-water heat, electrici ty, hardwood foors, three