Evening Star Newspaper, February 2, 1929, Page 16

g e’ READ INDUSTRIAL VALUES CHARTED BY EXPERT Factors of Transportation, Labor and Accessibility | Pointed Out by Beardslee. The influence of industrial property values flows through all real estate values and affects the price of stores, apartment sites and homes, it is de- clared by Louis B. Beardslee of Chicago in the weekly bulletin issued by the National Association of Real Estate Boards. ‘What makes a manufacturer locate his cranes and derricks and ovens on a particular site and thereby render profit to the owner of the land and to tfe owners of adjoining lands for many miles? Three Fundamentals Cited. | “Among the things that industry must have today to be successful there are three outstanding fundamentals—trans- rtation or railroad facilities, accessi- ility and labor,” says Mr. Beardslee. “And_land that can offer these things has high value, but so important is each of these factors that the absence of any one of them in an industrial location will usually ruin an enterprise. “It is the degree in which each of these fundamentals is present in an area in which an industrial site is located that influences the value of that site. In other words, many industrial sites in @ city may have transportation facilities, which means railroad facili- ties for the delivery of raw materials or distribution of finished products, or both; but some sites, or perhaps one site, may have better transportation facilities than other sites. “The reason for the importance of all these fundamentals in creating in- dustrial property values lies in the im- portance of overhead in modern busi- ness. Every expense connected with the manufacture of any product increases the overhead, adds to the cost of de- livery to the consumer and cuts down on the profits of its makers. And with the sharp competition that now exists in almost every industry manufacturers must keep down costs or be undersold. “The cost of distribution of a product 1s becoming more and more a determin- ing cause of success or failure of in- dustry. “If a site is inaccessible to railroads and a manufacturer locating on it must pay trucking charges to have his raw materials hauled from the freight sta- tion to his plant and the finished prod- uct hauled back for distribution, then these costs show up in the cost of his finished product. It is easy to see why a site directly on a railroad or with switch track facilities to a railroad has & higher value than inaccessible prop- erty. “It is well to point out here that all property fronting on a railroad is not necessarily Switch track properfy. It is not always possible from an engineering standpoint to serve a site with a switch track though it is close to a railroad. “It is the high freight costs that have made industrial locations valuable that ESTATE. Lost Foot of Land In New York Causes Many Complications Building Project in N York Delayed Until Owner Is Located. Tribulations and wearisome complica- tions sometimes attendant upon the as- sembling of a site for a large construc- tion project in great urban centers is strikingly illutrated in the case of the recently completed Printarts Building in New York, in which an extended and costly search had to be made for the owners of a “lost” foot of land in the site, according to an account appearing in_the Detroit News. ‘When the plot was assembled, it was found that the lots stretched along the street for 127 feet, but that when the frontages of the lots were added it amounted to but 126 feet, it is recalled. Somewhere in the plot there was a front foot of land that had not been paid for, and, of course, the building project could not be carried on with the narrow strip of unowned property in the middie of the site, Lone Foot Is Left. “After an investigation it was found that in 1867 one Joseph Molinet, a New York tailor, bought 80 feet of the| property for investment,” it is recalled. “A short time later he was given an attractive offer for 50 feet of his prop-{ erty and ke sold it. Then through an error in the deed’s description of the plot only 29 feet of the remaining 30 were sold to another party, thus leav- ing one foot in the hands of Molinet's heirs after he died in 1876. “Samuel B. Pollak and Abraham Lil- lienthal, the lawyers for the Magoba Construction Co., which was wait- ing to erect the Printarts Building, searched the records of the Surrogate’s Court without avail. There appeared to be no trace of the heirs of Joseph Molinet. Finally Mr. Pollak turned to the marriage license records and found the name of a Molinet girl who had been married some years ago. Through her the family was traced.” Smallest Partition Suit. “The construction company bought a one-third-second share in the foot of land from one of the heirs, and thus was enabled to bring the smallest parti- tion suit in the history of the New York courts. There were 31 defendants scattered all over the country, and several in distant cities could only be found by being advertised against, when the case was ready to be heard one of the principal defendants, a woman, was so old and enfeebled that she could not be moved to the court- room. So the judge and his retinue proceeded to one of the old residences of Greenpoint and there held a special session of court in the woman’s house. “The final foot of land for the huge industrial building was acquired at a cost of about $5,000, not to mention the legal expense and time involved.” CHICAGO POLICE SEEK CRIMINALS WITH RECORDS are strategically located in reference to Taw mal and ma: , 80 the com- bined costs of producing and distribut- .h‘-fl to the consumer are as low as pos- e Highway Value Stressed. “The second important factor that enters into the value of industrial prop- erty today is accessibility. Properties from which a product can be economi- cally and advantageously distributed by sutomobile truck have high value. Such properties must front on or have easy access to paved streets or paved arte- rial highways. “Labor is the third factor that makes for high industrial property values. The owner of a site in a locality that has railroad facilities and accessibility | small and cannot furnish labor will find the presence of the other two elements of comparatively little value. In this con- nection it is well to point out that the presence of parks, amusements and generally desirable living conditions in & city have much to do with attracting labor, and by bringing in the third essential consequently add to industrial property values, “And many other things, such :s municipal facilities, the fuel supply and figefll business conditions in a locality uence the value of industrial prop- erty. The layman might regard a piece of property located on a railroad and believe it to be a suitable site for a giant factory, but it isn't if the city has not put in a sewer. It might be used for & lumber yard, but not for a plapt requiring water. / “Bring the right industry to a town and you bring it prosperity. You bring it a permanent pay roll and you raise the value of every little bungalow in it. But bring the wrong industry and you cause not only great loss and sometimes Tuin to the manufacturer, but you de- crease property values in the unfor- tunate city in which such an error is made.” . Lieut. Col. Barton Is Retired. Lieut. Col. Robert M. Barton, U. 8. Cavalry, on leave of absence at St. Petersburg, Fla., has been Dlaced on the Armg retired list on account of dis- ability incident to the service. Col. Barton is from Tennessee and served in the Spanish War as a first lieutenant in the Volunteer Army, and in the World War as a major of Infantry in the National Army. He enlisted in the Regular Army in-July, 1899, and reach. ed the grade of lieutenant colonel in July, 1920. Four Bedrooms Built-in Garage —Just two of the many features we are offering in one of the choice sections of N.E., a subdivision of ideal brick homes called Gallaudet park See Located just North Them of 10th and Fla. Today Ave. N.E. 86 Sold— Only a Few Left $6.950—%$8.950 We want you to visit these homes and give them your mo st critical inspection. Representative on premises will gladly explain every de- tail. Easy terms, etc. “Call us by phone” Sample House 1509 West Va. Ave.N.E. TPl Geeily 904 14th St. N.W. Main 6181 Auto Service From Prices— Success in Previous Raids Inspires Authorities to Push War on Vice Haunts. By the Assoclated Press. - CHICAGO, February 2.—Encouraged by success of the two previous week end raids, police today were scouring the | city for suspicious persons and crim- inals with records. So confident are authorities that the raids are proving a deterrent to crime that they have made them a regular weekly routine. . Their belief was borne out, Commis- sloner Russell said, by the unusually number of suspects trapped in the raids last night. Only about 100 per- sons were under arrest today, against about 4,000 taken in the two preceding drives. ‘The largest single number of arrests in this latest drive was made in the Stanton avenue district, where 14 were seized. HINDENBURG AT “MOVIE.” BERLIN, February 2 (#).—President vonmmndenhuu has gone to his first movie. It happened last night, the show was “Waterloo” and it was depicted at the | offices of the National Censorship | Board. The President seemed surprised at the accuracy with which historical scenes were reproduced on the screen. Preceding the feature film he was shown a newsreel in which he himself was the principal figure. ‘He chuckled merrily when he saw himself in action. o Krakatoa Volcano Still Spouts. BATAVIA, Dutch East Indies, Feb- ruary 2 (A).—The Krakatoa Volcano continues dctive, with numerous erup- tions in the last 24 hours. The edge of the crater on the eastern side has risen 50 feet above sea level, and the northern edge is. becol visible. THE SELDON SEES HELP INREALTY BUREAU Consultation Service to Aid Dealers and Customers Alike, He Says. ‘The consultation bureau to pass on the proposed development of new resi- dential subdivisions, which was indorsed by the home builders’ and subdividers division of the National Association of Real Estate Boards at the recent con- vention at Birmingham, Ala., will be of great helpfulness both to the public and to realtors, in the opinion of Harry M. Seldon, Detroit, new chairman of the division. ‘This consultation bureau service, which the division is organizing, will undertake upon request to investigate any proposed urban or suburban sub- division and, if such proposed develop- ment fulfills the standards set up by the national association, it will be ap- proved by the bureau committee and a certificate issued to that effect, he ex- plained at the convention session. He said: . “People have lost much money in poorly developed projects and this nat- urally reacis on well developed prop- erty, because the lJayman has no means of differentiating between good and poor development. A certificate for a subdivision, while it would not guar- antee the purchaser’s investment, would signify that the property is a carefully developed project and should under normal conditions prove a satisfacter: investment. Such a service will con- tribute much to the orderly development of our cities.” B Rapid progress is being made in the electrification of the Silesian Basin of Poland, which is one of the most im- portant places in Europe in the con- sumption of electricity. : EVENING STAR, WASHINGTON, D. APARTMENT IS SOLD TO PETER A. DRURY McReynolds, at Eighteenth and G, Is Purchased From Joseph McReynolds. ‘The McReynolds Apartments, large new apartment and store building, lo- cated on the northeast corner of Eight- eenth and G streets, has been pur- chased from Joseph McReynolds by Peter A. Drury, president of the Mer- chants Bank & Trust Co., it was an- nounced today by the new owner. The sale value on the property in the trans- action was not made public. The McReynolds, an 11-story struc- ture, having stores on the first floor, was completed about a year ago by the Wardman Construction Co., and later was purchased by Mr. McReynolds. Mr. Drury acquired the property in a trans- action closed yesterday which was handled through the offices of Whyland Shaffer and W. W. Drury, son of the bank president. FUNERAL SEIiVICES HELD FOR H. E. WILSON, SR. Funeral services for Howard E. Wil- son, sr., 55 years old, assistant cashier of the Lincoln National Bank, who died at his residence, No. 12 Seventh street southeast, Thursday, were conducted in St. Mark’s Episcopal Church this after- noon. Rev. H. A. Woolfall, rector of St. Mark’s, officlated, assisted by Rev. W. W. Shearer, rector of St. Colum- bia's Chapel. Interment will be private in Glenwood Cemetery Monday. Mr. Wilson had been connected with the Lincoln National Bank for the past 35 years and had been assistant cashier for the past 10 years. He was educated in the public schools of this city and was graduated from Business High School. He was a mem- ber of the Federal Lodge of Masons. He was married in 1907 to Miss Vir- ginia Louise Wiley. He leaves his wife, a son, Howard E. Wilson, jr, and a daughter, Eleanore Wilson. Mr. Wilson was the son of "11: late Philip and Ella Wilson of this city. Only One Left! Beautiful Brick Large, spacious Recep- tion Hall opening upon a large Living Room and with direct entrance to model Kitchen. Big Co- lonial Front Porch, 2 Baths. Large rooms and spacious closets. Fire- place, cedar closet, all artistically finished, make this home— THE BEST VALUE IN MT. PLEASANT. See representative at 1752 Irving St. N.W, Open Till 9 PM. Colonial Home Only available new home of this character in the closein Mt Pleasant section! See it Sunday sure! hapiro Tones Standard o JAMESON-BUILT NEW HOMES Ready to Move in—8, 7 and 8 Large Rooms Priced From $6,500.00 Up—On Easy Terms 919 Quincy : St. N.W. 1524 D St. N.E. 504 Central Ave. NE. ' 2620 6th St. NE. * 1814 D St. SE. Sample Houses Open from 7 AM. until 9 P.M. THOS. A. JAMESON CO. 906 New York Ave. N.W. “Ask 4 Bedrooms Cedar Closets Doors Tiled Bath with Shower Pedesta in Tub 9 AM. to 9 PM. Fulllength Mirror in Closet al Lavatory and Built. ANNOUNCING A New Group of Homes BUILT ESPECIALLY FOR THE SPRING MARKET Exhibit Home—510 Madison St. N.W. (open until 9 p.m.) Outstanding quality and many innovations in conveniences. The latest styles in papering and electric fixtures Pr iced at $8,950 Easy Terms Availnhle‘ Note These Feature: Electric Refrigeration Brick Garaves Only Two Squares from Cap- ital Traction Car Line Hardwood Floors Numerous Floor Plugs Breakfast Porch A Fully Equipped Kitchen THERE IS NO FINER HOME IN WASHINGTON AT ANYWHERE NEAR THE PRICE The Thrift Building Co. UNION TRUST BUILDING Main 6799—or Any Broker Large Pantr; Exceptionally Yards Near Schools, Churches and Stores Ouly Washington Railway Car Line FIVE CHOICE LOCATIONS All houses have hewh, elect lights, tile bath, built-in tub; servants’ toilet; wide rear and front porches. Second floors have extra gas and plumbing outlets, and can be e ly con- verted into two- family houses. These houses are conveniently located. Garage with each house. FRIGIDAIRE WITH EACH HOUSE. - Main 5526 Deep Back Three Squares from MRS. W. C. HILL DIES OF HEART ATIACK Family One of Oldest in City. Given Decoration for War Work. Mrs. William Corcoran Hill, former- ly Miss Sallie Phenix, a member of one of the oldest families in Washington, died suddenly of a heart attack yes- terday about noon, at her home, 1302 Eighteenth street. She was the widow of Willlam Corcoran Hill, a prominent real estate operator here for many years and a grand-nephew of W. W, Corcoran, the philanthropist. * Mrs. Hill had been in ill health for some time and her condition was so weak she was unable to survive the attack. Since her husband’s death, about three years ago, an aunt, Miss Clement Smith, had been making her home with her. Her marriage to Mr. Hill, in 1877, was one of the social events in Washington at that time. Both Mr. and Mrs. Hill belonged to socially prominent families and were active in civic affairs. Mrs. Hill's family had resided in old Georgetown, before Washington was founded. Her father was Thomas Phenix. Before going into the real estate business, Mr. Hill was with Riggs & Co., bankers. During the World War Mrs. Hill was active in organizing work for the Bel- glan relief. For these services in be- half of war sufferers, she was awarded a decoration by the Belgian govern- ment. Her only surviving relative is Miss Smith. Funeral services will be held Monday morning at 10 o'clock at the residence and will be attended only by members of the family and a few friends. Rev. E. 8. Dunlap, formerly assistant pastor of St. John's Episcopal Church and SATURDAY, FEBRUARY 2, 1929." now canon of Washington Cathedral, officiate at the service. Burial will be in the family lot at Congressional Cemetery. CIVIL SERVICE GROUP HITS LEHLBACH BILL Declares Measure Fails to Meet Needs of Employes—Indorse Brookhart Plan, Opposition to the Lehlbach pay bill was voted by the League of the Ameri- can Civil Service, meeting last night at the Powhatan Hotel. A resolution was adopted declaring that the Lehlbach measure “fails to meet the needs of the employes” and that “suitable legislation cannot be en- acted at the present session of Con- gress.” Mrs. Margaret Hopkins Worrell, league president, spoke against the measure, declaring that Government employes would benefit more from the ne:1 ‘blll wlfm;h Seni:wr Brookhart, Re- publican, of Towa, is preparing to_abol- ish the Personnel Classification Board and set up a new Board of Arbitration and Appeals. This bill is to be offered in the next Congress. Mrs. Worrell also defended Controller General McCarl in his interpretation of the Welch act. f ' 'REAT ESTATEY TOOTH IN GIRL’S LUNG. Kansas Child to Undergo Operation in Philadelphia Hospital. WICHITA, Kans, February 2 (#).— Esther Elizabeth Croat, 11, today was en route to Philadelphia, where she will undergo an operation at Graduate Hos- pital there for removal of a tooth in her lung. ‘The girl swallowed the tooth last De- cember 20 while her mother was at- tempting to remove it with a string. Physiclans were unable to locate the tooth, and yesterday a serious lung in- fection developed, indicating, they said, that it had lodged in the girl's lung. Accompanied by her mother she left for Philadelphia last night. 2558 Wisconsin Ave. NW Large seven-room and bath brick dwelling. Two porches and sleeping porch. Lot 50x100. electric lights. J.LEO REAL ESTATE-LOANS - INSURANCE 923 NY.AVE.N.W. D/STRICT 5027-5028 Hot-water heat and KOLB . 1237 WIS.AVE. WEST 74 Charles M. Galloway, counsel for the |. league, rapped the efficiency system and declared the authority of the Per- sonnel Classification Board should be transferred to the Civil Service Com- mission. Members of the league said they would rather have nothing at all than what the Lehlbach bill would offer. Last night's action was in conform- ity with the stand previously taken by the league. . ‘To the Duke of Gloucester's discovery that the timid lion can be shooed off by throwing a hat in his face is to be added the testimony from India that the tiger kills for food only and “is mot so cruel or bloodthirsty as man.” What Will You Own Ten Years From Now? EVEN though you do prefer the comforts, con- veniences and economies of apartment residence (most Washingtonians do, according to recent building statistics), that's no reason for you to continue paying rent all your life, Yon can actually pay less than your present rent each month and in a few years own a home for your old age or for your children, This front corner co-operative apart. ment home, on a high elevation, with two delightful exposures, south and west, in beautiful Clev eland Park, one block from Connecti Avenue, convenient to churches, schools, shops and bus and street lines. Ga- rage ce available. Thoroughly modern, substantially constructed building, set in spacious grounds. Entire b uilding co-operatively owned Then you'll admit it We'll leave it to you All we ask is that you inspect this house with an open mind. Consider its location; the type of house it is; the character of construction, and equipment throughout. the money in Washington—and in a neigh- borhood that makes future valuation at- tractive as an investment. s the most house for by very desirable neighbors. -Apartment newly redecorated, complete with awnings, screens, electric refrigeration, ete. Can be purchased, after reasonable first payment, for $75 per month; progressive reductions will eventually bring pay- ments to half the usual rental for such a home, See this attractive home today. Representative at Apartment 104, 3018 Porter Street, all day Saturday and Sunday. Phone Cleveland 929. Other days phone Main Office for inspection appointment. . M. and R. B. WARREN Realtors and Builders Telephone Main 9770 925 Fifteenth St. N.W. Large Brick Bungalow : Brandywine in Chevy Chase, D. C. “A splendid buy in a well- planned all-brick home at high elevation, practi- cally overlooking Conn. Ave. Large rooms, tiled bath, open fireplace in living room, hot-water heat, pantry, separate side entrance, spacious front porch. Lot 50x150 with grape arbor and flower garden. Garage. $11,500 3715 Street OPEN SUNDAY UNTIL 5 PM. Drive out Conn. Ave. two squares beyond Bureau of Standards to Brandywine St.—turn left to house. NL S . Sansbury Clwkflv INC. 1418 Eye St. NW. L3 e 1427 Van Buren St. —Just East of Upper Sixteenth Street— Nine rooms and two batlts and at a price and on terms which make it a remark- ably good buy. Open Sunday from 10 AM. to 9 PM.— Other Days From 2 P.M. to Dark. National 4750 Deal with a Realtcr ervice = EVER FIGURE OUT HOW MUCH RENT YOU'LL PAY IN THE NEXT TEN YEARS ? IF ADDING IT UP MAKES YOU DIZZY,GET BUSY. FOR YOUR OWN HOME — SEE What the Same Money Will Buy in A Fort Stevens Home And You'll Stop Paying Rent VERY one is semi-detached— constructed of brick—six light, airy rooms, large bath, built-in Cash 355 garage and many other attractive features. Over 500 already sold. Monthly Price $7,850 Office at 8th and Tuckerman Sts. Open Until9 P.M. . TO GET THERE—Out Georgia Ave. to Tuckerman St., then one square east to office, or telephone Georgia 394 and we will send a car for you. WARDMAN 1437 K St. N.W. M. 3830 L $