Evening Star Newspaper, November 2, 1929, Page 19

REAL PIONEERS LAUDED FOR CITY PLANNING Bartholomew Says They Ex- ercised Good Judgment in Handling Civic Problems. Bpecial Dispatch to The Star. NEW ORLEANS, La., November 2.— The early pioneers of this country showed better judgment in city planning than the generations that came after them and the present problems in Amer- ican cities are due chiefly to the lack of vision of modern business leaders, Harland Bartholomew, engineer of the City Plan Commission of St. Louis, Mo., declared .at the sixteenth annual con- vention of the Mortgage Bankers’' Asso- ciation of America here. Speaking on the mortgage bankers’ re- lation to city planning, Mr. Bartholo- mew, who is president of the American City Planning Institute and director of the city planning division cf the Ameri- can Society of Civil Engineers, said that If the subsequent builders of American cities had posessed half the vision of the early pioneers, the city of today would gereunt a totally different aspect and a much more workable structure, Provided for Parks. ‘The early plats of Ameriean cities usually provided rather generously for parks, open spaces and wide streets in aceordance with some more or less definite design, but since business lead- ers took over the direction of city growth, the present condition of our cities is gliscreditable, the speaker de- clared. ‘Twenty years ago the city planning movement received its initial impetus under modern conditions by the publica- tion of the Plan of Chicago and the formation of the National Conference on City Planning, and within this 20- year period 600 city plan commissions have been created, 750 zoning ordi- nances have been passed and consider- able legislation has been enacted, but there still remains much to be done, said Mr. Bartholomew, especially in view of the enormous increasing growth of American cities. “The last half century has witnessed an enormous increase in the urban pop- ulation of the United States,” said Mr. Bartholomew. “More than 50 per cent of the total population now live in citles. 1f we follow the history of older countries, as there is every reason to believe we should, we may look forward to an urban population approximately B0 to 85 per cent of our total g:pulnfion. Estimates vary as to the probable total population increase in this country, but it will possibly be from 50 to 100 per cent. Bince the larger cities will absorb much of the increase, we may confident- Iy expect many of our cities to double and treble in size.” Mortgage bankers should consider the extent to which- their loans may en- courage sound and appropriate develop- ment, for obviously such development will not only add to the strength of the economic structure of the city, but will also raise living standards by providing better housing and will inevitablly result in a general improvement of the city's appearance, said Mr. Bartholomew. Economic Wastes Cited. “The unprecedented growth of Ameri- can cities has been characterized by enormous economic losses and too often by less desirable living conditions. Most significant among the great economic wastes accompanying the = sporadic growth of cities has been the develop- WASHI BUIL ~-ESTATE:.’ ment of blighted districts, those areas of abandoned or transformed resi- dences lying between the principal busi- ness center and the more modern suburbs.” The speaker described the enormous increases in property values that have occurred -in cities that have included abolition of such districts in a carefully worked out city plan. The Michigan Boulevard and Wacker drive projects in Chicago have resulted in the dis- placement of old run-down structures with many new large modern buildings, !and the increase in land values and tax returns to the city have many times offset the cost of these projects, he said. “In St. Louis the widening of Wash- ington avenue and of Olive street has resuscitated values in a large blighted area that had long given the city much concern. The zoninz of Lindell Boule- vard for large modern apartment build- ings over the protests of a speculative group urging garages and filling stations upon the corners of this fine thorough- fare, has resulted in increasing land values from $100 to $800 a front foot. “There are many specific examples of the great economic advantages accuring from city planning. Conspicious among these are the results of street widening in the older districts of cities. The widening of Stuart street in Boston cost $3,100,000 and the increase in assessed value of property along this project ap- proximated $24,000,000.” DEPRESSION CURB IN TRADE ASKED Nashville Banker Declares Real Estate Suffers From Stock Market Infiation. Special Dispatch to The Star. NEW ORLEANS, La.,, November 2.— Deploring the fact that such funda- mental industries as farming and build- ing construction should be financed only in those periods when the stock market is slow, E. E. Murrey, Nashville, Tenn., banker, asked delegates to the sixteenth annual convention of the Mortgage Bankers’ Association of America here to consider ways and means of avoiding depression in the building fleld when there is activity in Wall Street. Mr. Murrey is president of the association. “wall Street has been a magnet at- tracting funds from other activities for the past few months and the burden has ?:llen largely on real estate,” said Mr. Murrey. “We discovered almost overnight that mortgage sceurities were from other forms of securities. Stock issues in the first eight months of 1929 were three times as large as for any similar period in previous -years. Call loans reached the astounding figure of $7,000,000,000. And during the first eight months of 1929 the bullding of residences fell off 26.3 per cent. “Undoubtedly in some quarters real estate has been boomed too much in the t-war years and the present credit stringency is having a healthful effect, But, looking at the situation from a long-pull economic viewpoint, is it desirable for the country as a whole that such fundamental industries as farming and building construction should be financed only in those periods when het stock market is slow?” e e ‘The first time-clock for a bank vauit in this country was sold to the First ;lna.'(.‘lonll Bank of Morrison, Ill, in NGTON DING 15th St., New York Ave. and G St. N. W. OFFICE SPACE Large Areas and Desirable Suites PARTITIONED AND FINISHED TO SUIT OCCUPANT ng&gm REALTORS 809 15th Street N.W. District 9486 face to face with severe competition { THE ‘EVENING “STAR. ' WASHINGTON, - D. C.. SATURDAY, NOVEMBER 2, ' 1929. ON REALTY ROW Reports and Observations Concerning Business and D. C. Agents, Virginians to Be Hosts. Plans for the forthcoming dinner to be given the Washington realtors by the Alexandria-Arlington-Fairfax Real Estate Board at the Washington Golf and Country Club next Thursdny were the chief business of the luncheon meeting of the Virginia Board held at the George Mason Hotel, Alexandria, yesterday. W. 8. Hoge, jr.; Ashton C. Jones and John G. Graham were appointed a spe- cial finance committee for the event. The committee having the tour in charge comprises K. A. Brumback, pres- ident of the board; C. W. Clever, chair- man; R. L. Kane, John G. Graham, W. 8. Hoge, Ashton C. Jones, C. W. Fitch, Guy N. Church and C. A. Keefer. Home Financing Discussed. ‘Home buyers of Washington have un- usual financial advantages over those offered home buyers in almost every other city of the same size in the coun- try, John A. Petty, executive secretary of the Washington Real Estate Board, declared at the Real Estate Forum ses- sion this week at the Y. M. C. A. Mr. Petty said that “home buyers in Washington enjoy a more simple and equitable system of financing the pur- chase of a home than is available in most cities of the country. By com- parison, exceedingly low cash or down payments are required and most rea- sonable monthly payments can be ar- ranged. Interest rates and brokerage commissions are much lower in Wash- ington than in many entire sections of | the country, and they show some favor- able advantages in most comparable cities in all sections of the country.” In reference to the financing of homes, Mr. Petty told the forum “that mortgages are not used in the District of Columbia, but deeds of trust have been used since the early history of the city. This form of security for a debt, whether . covering a borrowed money debt or a deferred purchase price debt, is simple, direct and entirely equitable to the home owner and the holder of the mortgage or notes secured there- under. Flexibility in the use of deeds of trust has made it possible to arrange home financing to fit the financial needs or requirements of the homa buyer with facility and convenience. and also provides sound investments in small units avallable for either the small or large investor.” In making sales and exchanges of real estate generally, Mr. Petty said, “the ablilitv_to proj lv_finance such 13th St. N.W. Just north of Park Rd. Open Sunday 10 to 9 PM. -» Nine rooms, tiled bath, hot-water heat, back stairway, run- ning water on third floor. House in per- fect condition. Deep lot to paved alley. . K] a transactions is the most necessary and important factor in the work of the real estate broker handling them. Cor- rect knowledge of values, contacts with various sources of mortgage loan funds and an understanding of proper meth- ods of adjusting or readjusting mort- gages to fit the requirements of the spe- cific transaction are absolutely neces- sary for a broker to adequately and successfully serve his clients.” At the next meeting of the forum Carl G. Rosinski will discuss the subject of chain store and other business prop- erty leasing. IMPROPER ACTS CURB IS SOUGHT IN REALTY MEASURE (Continued from Seventeenth Page.) and importance of such transactions. This is particularly true in the pur- chase of a home where in most in- stances such a transaction is not only the biggest business venture of a life- time, but frequently involves savings accumulated over & long period. Under such circumstances a laymen is entitled to some reasonable assurance not only of the integrity of the real estate broker or real estate salesman with whom he is dealing, but also his competency as well. In purchasing a home one not only acquires certain definite ad- vantages, but he assumes definite obli- gations, Procedure and custom as well as specific laws governing such trans- actions and the responsibilities involved therein, must be understood by the broker or the salesman in order to assure protection of the legal rights and interests of his clients. By setting up specific particulars in Il’fwect to the activities of licensees the law furnishes real estate brokers and real estate salesmen a very definite group of standards to follow. It also emphasizes the importance and neces- sity of strict adherence to these stand- ards. The public gains a better un- derstanding of the character and type of service to which it is entitled and are provided with a basis on which it can demand protection. Government authorities Africa have installed X-ray machines in some of the diamond fields. These are used to detect stones that may have been swallowed or inserted under the skin by workers in the mines. in South 1347 Montague St. N.W. Look It Over DETACHED 9 ROOMS 2 BATHS STON NEAR 16th STREET ROCK CREEK PARK A REAL HOME In a High-Class, Home-Owned Neighborhood Wonderfully constructed. thick walled. modern, stope, Withf two of, its bed~ rooms, one of its baths and & la; and bath on nd_floor. Espec! embers who do not care to climb CHURCHES, STORES, CARS and B fireplace. OPEN y paved stree! A n 3 r CHILDREN: no (raflic.streets to cross i souther exro-“-lm‘”-u"muznn 35-FT. CON L. Lot 50 by 1321 equaling 6,625 square feet. ksl SEATRRCL s st e ng to 7 CARTE FRONT PORGH. Bis stone i ) rch on_fir: oor; four bedrooms 15" adupted for & nmui Havin ll!rl. Vi CO! INSPECT VERY EASY TERMS ike this entire block located right in the he: for sale. oad-lawned. hom: ached the city, vet trul This PAUL MAGOFFIN Exclusive Agent 317 Woodward Bldg. CHEVY Phone: National 3023 CHASE Individually Built Detached Home with 1st floor bedroom and lavatory 3823 MILITARY ROAD Located just one block west of Conn. Ave, an individually built detached home with slate roof. Unusually roomy in plan, 7 rooms, 4 bedrooms, tile bath, extra tile lavatory, big living room, with open . fireplace and built-in bookcases, immense closets, screens, awnings have 6,750 square Pittsburg instantaneous heater, copper and other ‘extras. The grounds feet and detached garage. —ONLY §13,850— OPEN SUNDAY ALL DAY HEDGES & 1412 Eye St. 1418 Eye St. N.-W. Nat'l 5904 MIDDLETON, INC Realtors Franklin 9503 “The Way to Beautiful Homes" 7538 Morningside Drive N.W. Furnished —by representative Washington firms, each an expert in its line, Furniture by— D. S. Pool 729 11th Se. N.W. Draperies by— Amos W. McDevitt 1211 F S¢. N.W. Pictures by— S. J. Venable 1307 H St. N.W. Lamps and Fixtures by— O. R. Evans & Bro., Inc. 1328 I St. N.W. ' REAL- ESTATE. Autumn Model Home in Shepherd Park ANT to see tables you'd like in your home? Want to see how adorable your breakfast nook can be—what is proper for bedroom set- tings—or how to arrange your draperies—or the latest display of lamps and fixtures? Come, then, to see Our Autumn Model Home of Colonial design, perfectly situated on a commanding elevation that towers above the entire City of Washington in Shepherd Park . . . Today, or as soon as you can, drive out—and nearly a score of delight- ful, informal surprises will greet you. We certainly hope you'll see this home. To Reach—Drive out 16th St. to Alaska Ave. to Morningside Drive, turn left 2 blocks to this home. G Preuninger® Sons Incorporated 211} Tavestinent Blilg: National 2040 Washington's Oldest Established Builders 2 B T B rfec tiy . Appointedfl New Massachusets Detached Colonial Brick Home in . L hirty-one Twenty-one Park leeland ve. In a Community of Magnificent Homes With Rural Background Of Wonderful Trees in Autumn Dress The architect who designed this home and the men who bult it, both perfo: - able piece of work. An attractive curved stone walk lesds to. the Colonial pé!Nr'll'.:nfl m‘gl Both living and dining rooms are charming and bright. ‘The kitchen is finely equipped with inlaid linoleum, butler’s pantry, cabinets with glass shelves, servant's stair to 2d and 3d floors, GENERAL ELECTRIC RE- FRIGERATOR, Electii:c ventilation, tiled lavatory on first floor. OIL BURNING FURNACE. FIVE BED- ROOMS—3 BATHS and worderful 2nd floor den, pan- eled and beamed in natural wood. Inclosed sleeping porch over lower rear porch. The roof is of slate; gut- tering and spouting of copper. Bronze copper screens and weather stripping. 2-CAR BRICK GARAGE with slste roof. This is an ultra fashionable neighborhood and the home we offer here a splendid property for high- class people. Drive out Calvert St. from Conn. Ave., West to Cleveland Ave. Property on north side, near 32nd St. Visit the Ope : n All Day Sunday BO2RESHELPS National 9300 S A T ) Electric Home Jameson-Built Model Homes i i e 6,7 and 8 Large Rooms A n Oth er HOM E Triump Now Ready for Inspection Exhibit Home 415 to 445 Jefferson St. N.W. 832 Concord Ave. Sponsored by the Electric League oF Washington Price, #9,150 . Furnished by Premier Furniture Co., 425 7th St. N. W. 914 Quincy St N.W. 1521 to 1527 Isherwood St. N.E. Isherwood St., One Square North of 15th and D N.E. 1601 to 1619 D St. N.E. Playing the Stock Market is fraught with uncertainties—and apartment renting doesn’t build an equity for the future. Invest NOW wisely and well in Washington’s substantial real estate—in a lasting home for your family. i Inspect at Once The architecture of these fine homes has been carefully designed and selected by our experts of superior 1ome designs. The ma- terial also has been -arefully selected. All ‘abor furnished by skilled mechanics of the best grade. These homes contain six, seven and eight large rooms, tile bath ind built-in tub and shower, one-piece sink ‘n kitchen, extra large porches front and rear. Oak floors, latest fix- ures; floor plugs in ~ach room and lots of Xt Frigidaire and Garage With Each House FOR SALE BY THOS. A. JAMESON . CO. 906 New York Ave. National 5526 “Ask the Man Who Owns One” Featuring ELECTRIC REFRIGERATI’O?J OIL BURNER HEATING PLAN TWO BUILT-IN BATHS GARAGE 6203 14th St. EXHIBIT HOME OPEN UNTIL 10:00 P. M. EVERY DAY See These Outstanding Cooley Bros. Homes Sunday CONSTRUCTION High-grade all-brick construc. tion, genuine slate mansards, rear porches fully screened, large lawns are beautifully landscaped and bounded by Chevy Chase stone retaining walls. Street and alley be ed without cost to home purchasers. FEATURES .6 big rooms, 3 covered porches, built-in or detached garages, com- plete master = baths, hardwood floors throughout, 3 large cedar- lined wardrobe closets, - Frigid- aire and other up-to-the-minute kitchen equipment, new Amer- iences. A stable, rapidly grow- d jacket boiler, fine fix- ing section of protected values. nd finish. * Drive out 16th St., 13th St. or Ga. Ave. to Longfellow; east to 8th St. and north on 8th to Concord Ave. ooley Bros. “BUILDERS OF BE TTER HOMES® LOCATION On 120-ft. boulevard—facing new junior high school, over- looking and flanked by U. S. Government reservation. 1 block from car and bus lines, stores, post office and other conve: Drive out 16th St. to Sheridan St., ‘ opposite the 16th St. Entrance to Rock Creek Golf 3 Course, and then 1437 K St. N. W. District 3830 Tower Bidg. turn right.