Evening Star Newspaper, March 14, 1931, Page 19

REAL COWARDIN CHAPEL NEARS COMPLETION Work Being Rushed So Struc- ture May Be in Service on Founders’ Day. The new Cowardin Chapel of St.! Williams at Georgetown College, do- nated in memory of Rev. William Rey- nolds Cowardin, 8. J., a former student and professor at the college, is rapidly nearing completion. This chapel, belcw which is a stone erypt of unusual archi- tectural design, is & part of the recently erected Copley Hall. The dormitory ‘was occupied, last month and work is being rushed so that the chapel may be placed in service by Founders' day, March 25. The Cowardin Chapel is designed in collegiate Gothic style, rich in color contrast and symbolism. It is 32 feet wide and 67 feet long, with a seating capacity of nearly 300 persons. The chapel was built as a place of worship for the student residents of the dormi- tory, Georgetown having another, Dahl- gren Chapel, in its quadrangle, which is used by the general student bcdy. Altar of Limesione. The altar is under the sanctuary arch, which forms the base for the semi-circular apse, and is of limestone, simple but strcng in character. It con- sists of a table without reredos, sur- mounted by a metal tabernacle. The floor of the sanctuary, like the entrance step, is of 'Roman Travertine blocks, the main floor of the chapel being of mosaic tile, rich in color and pattern. The chapel has stained glass win- dows on either side, executed in delicate tracery stone. The pews are plain but harmonize with the dark English oak- beamed ceiling withcut columns. This same wood treatment has been carried around the walls with wainscoting ex- tending up to the window sills. The upper walls and the panels between the celling beams are plastered in hand- finished monastic style. The genéral character of the interior, designed by Emile G. Perroft of Phila- delphia, has been kept similar in style to the old chapels of Europe. Stone Crypt Impressive. | An impressive part of Copley Hall 1s the stone crypt of medieval archi- tecture, situated beneath Cowardin Chapel. Its simplicity is its principal feature. There are great stone arches bove a variegated slated floor. These hes, of ancient and peculiar design, pport the entire chapel flocr above. The main entrance to the chapel and crypt is from the road that leads to the Jesuit cemetery in the college grounds, hence the crypt can also be regarded as a mortuary chapel. Above the entrance is the seal of the Society of Jesus in stone. The exterior of the chapel and crypt is cf brick, since it is in the rear of the dormitory building. REALTY FINANCING GAINS IN FEBRUARY Rise in New First Mortgage Se- curity Offerings Is 16 Per Cent. Increased activity in the financing of residential properties was reflect>d by a 16 per cent.rise in the volume of new first mortgage real estate security offer- ings in February, according to the monthly investment review of Nelson, Hunt & Co. New real estate bond and stock is sues publicly offered by lsading inves! ment houses in February totaled $10. 168,000, as compared with $8,737.000 in ' January. Of this amount there was $1,032,000 in stock financing on com- mercizl profects. Of the 19 bond and note isues there were 9 of the collateral type, totaline $5.311 52 per cent of hte total the month. “The indications are that the volume of realty financing in February,” the firm states, “will represent close to a| normal monthly figure for the year of 1931. At this slackening pace the real estate security market will have the op- portunity of adjusting itself to a more sound basis, which in the end will be most beneficial to all the various el ments concerned, patticularly th= hold- ers of securities on completed buildings, which are now beginning to benefit by , the curtailed building operations of the . last 18 months.” Total realty financing through stock and bond issues for the first two months of this year now aggregates $18.905,850, | a decline of about 65 per cent from the | total of $53,245,500 in the same period | of 1930. [ In February New York City again tcok its place in the lead by reporting | the largest volume of new financing, | with a total of four issues, aggregating | $2,668,700. Detroit was in second place | with a total of $2,000,000 and Baltimore was third with $1,000,000, St. Louis| fourth with $675,000, with other citles | trailing in the order named: Kansas City, Cincinnati, New Orleans and Chi- cago. Ely Proceeds to Guatemala. VERA CRUZ, Mexico, March 14 (#). —William R. Ely, American representa- tive to the Inter-American Convention at Panama, arrived at Tejeria Thursday by airplane and continued to Tapa- chula, in the state of Chiapas, to spend the night. Today he will proceed to Guatemala. | ‘Traveling with him are Clingen Peel, ‘Wayne Park and William Corthay, rep- | rzsentatives of Southeast Texas inter- ests financing the flight. If You Want a Good Home at a Price Try and Match These Don’t You Think You Would Like Brookland? 3911 7th St. N.E. This brick house of 6 hes, hot-wat Another Splendid Home Exceptionally Low Priced Mt. Pleasant 3106 19th St. N.W. (Between Lamont and Kenyon) two fully tiled b: rdwood panel reception ball; ly sereened: ouse just _ree G M. & R. B. Warren 3900 Connecticut Ave. N.W. Cleve. 7330 ESTATE.. THE EVENING STAR, WASHINGTON, D. C. This large residence at 4344 Forest lane, Wesley Heights, recently was completed for its new owner. It was denlg‘ed, tuilt and sold by W. C. & A. N. Miller and ccntains 11 rpoms, 3 baths and has a two-car built-in garage. APPRAISERS MAY HAVE OWN SOEIETY National Real Estate Com-| mittee Prepares Plans for Organization. | Real estate appraisers may have a| “professional society” of their own as| a result of the efforis of the appraisal division of the National Association of Real Estate Boards. Detailed plans for the formation of an ‘organization to be known as the American Institute of Real Estate Ap- praisers, prepared by a committee dur- ing the t six months, have been lfpmved )y the executive board of this division and are now in the hands of the division membership for approval or possible changes. Tne plan, which is built about the certification of real estate appraisers through admission standards to such an organization, may be inaugurated by the sanction of the association board of directors at the coming annual convention to be held in Baltimore in May. As drawn by the committee, headed by Philip W. Kniskern, New York, the tentative set-up which found favor with the Executive Committee provides that membership in such an organization be earned on an_ability basis and not granted on an honor basis. Foram on Problems. The institute would establish an open forum for the written and verbal discus- sion of practical problems, for the con- sideration of theories, for the building of statistical data and ultimately would hope to provide a soclety publication for the further recording of such valuable contributions. Membershi) %ullificltlans would be “extremely Fu; ,” according to the tentative set-up, but “junior” member- ships would waive some of the qualifications for other classes in order Plumbing Fixtures Furnished by STANDARD Sanitary Manufacturing COMPANY 1412 F St. NW. ‘PlumBing and Heating Supplies Furnished by NOLAND COMPANY 136 K Street N.E. Lee T. Turner Builder “Adams 9040 | at least 7 years and be able to “prove 1366 Perry Place N.W.’ to encourage young men in this field to benefit by the “development of the science of valuation,” which the Kniskern committee -believes such an organization will bring about. The classificatfons, other than the junior _memberships, would include “fellows” who would be not less than 40 years of age and who must have been engaged in the “active, re- sponsible practice” of this profession | for not less than 10 years. “Members" | must have attained the age of 35 years, have been in the appraisal business for their knowledge and ability” to appraise properties in 200,000-population cities There would be also an “assoclate me: bership” for men less than 25 year who would have to demonstrate “their | sbility to evaluate properties in cities and towns of not less than 50,000 popu- lation. The admission standards to such an | organization would the effect of | certifying real estate appraisers, would | very soon give the members of such an | organization a favorable public identifi- cation and in time would create more uniformity in the finding of realty values through the inevitable standard: ization of procedure which would follo the establishment of such a “society according to Mr. Kniskern, U. D. C. Building to Cost $350,000. The United Daughters of the Con- federacy, through its board on plans for a home for needy women, have let con- tracts for a building at Richmond, Va., to cost $350,000. It will be of lime- stone exterior. Lee, Smith & Van Der- voort of Richmond are the architects. RGNSl MR O Importance of Space. Owen Biddle, writer, made this point: “In fixing the size of a door for the front of a house, it is better to make it rather too large than too small, as few things will make & house look meaner than a contracted front door.” RAD]ATOR CABINETS —+to fit any size Radiator. Distinc- tive styles. choice of colors. In- spection invited. Several hundred installations in the city. GEO. E. TERRELL REAR SPACES CHARMING Froft Porch and Garden Gradually Losing Favor. ‘The day of the front porch and the front garden has passcd because of un- endurable street confusion, and other| recreational features must replace them, asserts Earl H. Reed, jr.,, of Chicego. | f our homes are to be truly recre- ative,” says Mr. Reed, “we must defl- nitely retire in the outdoor seasons to | the more secluded sheltcr of open ter- race, covered porch, garden house or lawn bench located in the long-neglected | but charming side of rear spaces in our groun Canada was founded originally by fur traders and at one time supplied prac- tically the entire civilized world with furs. MARKET FORESIGHT | REALTY ESSENTIAL Knowing Public Demand Solves Stability, Says Statistics Authority. Keeping a hand on the pulse of pub- lic demand, especially in the building fleld, is the true solution of business stability in the opinion of Thomas S. Holden, vice pfesident, in charge of statistics, F. W. Dodge Corporation. In a statement announcing the inaugura- tion of a new statistical reseorch serv- ice to register these pulsations, Mr. Holden pointed out that the tentacles of the building indugiry reach out into $3,000,000 to $4,000,000 yearly con- sumption of building commodities. The vast group of construction in- dustries upholds a yearly y roll of $3,000,000,000 to $4,000,000,000 and when fully employed gives occupation directly to 2,500,000 workers. Foresight is Needed. “Both the disconragement of depres- sion and the undue exhilaration 'of boom years would be avolded to the great good of all the people if business men could determine ead of time where markets will exist for manufa tured goods whether those goods be in- dustrial buildings, housing or washing machines,” Mr. Holden said. The building industry is the basis of prosperity. Good times in the build- ing industry mean good times in many allied and in many totally unrelated in- dustries. The working man who earns his living at a building trade spreads his wages into commodity markets covering every item from sfockings to automobiles, “Of course, the bathtub manufac- turer who would go ahead at full See Our New Sample House Facing the Park 252 Madison St. N.W. Open Daily Until 9 P.M. 7 rooms (4 bed rooms), built-in garage. WAPLE & JAMES, Inc. Owners and Builders 1226 14th S.l. N.W. North 0962. The Garden Spot of Washington Expibit Miller Designed Miller Built 1119 Seventeenth Street ANNOUNCEMENT Opening Of Modern Show Room, Office and Shop Saturday, March 14th, 1931 3407 Conn. THOMAS E. Ave. N.W. CLARK, Inc. Plumbing Contractors Displaying Standard Plumbing Fixtures Pittsburg Water Heaters Corcoran Med Weisteel Stall S icine Cabinets howers. & Doors Church Closet Seats Congratulations to THOS. E. C LARK, INC. aeut Pittsburg GAS WATER HEATERS Storage and Inst. antaneous Types On the Opening of Their Unusually Attractive Display Room EDCAR MORRIS SALES CO. Factory Distributors 1305 G Street N.W, National 1031 4315 Hawthorne St. N.W. Spacious corner lot; eight rooms, three baths, artistically and conveniently arranged. I INSULATED WITH CELOTEX l W. €. & A, N. Miller Realtors=Builders House Decatur 0610 Material Furnished by HAJOCA Corporation Rosslyn, Virginia Mill Work Furnished by Langdon Mill and Lumber Co. Inc. Pot. 2303 2150 Bryant St. N.E. Lighting Fixtures Furnished by RUSSELL HAYES 819 13th St. N.W. SATURDAY, MARCH 14, 1931. REAL ESTATE. pacity turning out bathtubs in face of & slump in hotel and other residential building in church build- ing would be lacking in foresight to say the least. There are few bathtubs in the average church building. But that is an extreme example. Trends are seldof 8o clearly indicated. “Likewise a builder would not insist on constructing many new high-rental apartment houses if he had definite knowledge that there was a very poor market for that class of housing ac- commodations. Problem for Executives. “In these uncertain days the ques- tion of what will tomorrow's market be—what will next year's market be— confronts every executive. To be able to foretell increased or decreased de- mand, both nationally and sectionally, is important. The realtor-builder must know whether the people in his town will absorb a given number of small houses, if he builds them—just as the baker must know whether there will be enough accumulated appetite to con- sume 10 dozen or a hundred dozen buns. “Co-ordination between the various factors of the construction industry, between such factors as architectural, financing agencies, realty men and con- struction firms is badly needed. Accu- rate information does much to produce a co-ordinated viewpoint. It tends to Baltimore Building Figures. Construction projects in Baltimore ha Construction projects in Baltimore having an estimated total cost of $2,- 757,480 were approved during the past month by the Baltimore Bureau of Buildings. The fotal for January was $1,354,920. House construction was represented by 95 dwellings valued at $448,000, the highest total for this class discourage the builder about to under- take unneeded construction. It points out weak spots and encourages him to find opportunities for needed projects. “Fnancial institutions will be en-| abled to follow these bullding trends, the reflection of which will be felt in the potential profits behind securities which become their special concern, whether commodity or real estate se- curities.” in any month since last October. The Montana 1726 M Street N.W. Four Rooms, Kitchen and Bath Reasonable Rental: Asia was known as Asu, the Land of the Rising Sun, by the ancients. Beechwood Chevy Chase, Maryland 16 Acres of Forest Trees Exhibit All Brick Recreation Room House—6404 Beechwood D 20,500 - Screened Concrete Porches Model Kitchen 2-Car Brick Garage Other Homes from $17,000 to $30,000 To Iuspect: Drive out Connecticut Avenue to Thornapple Street, turn left— west—two blocks to Beechwood Drive, and left again to house. G. 200 W. Thornapple Street Chevy Chase, Md. F. Mikkelson & Son Wisconsin 4255 Turn Back Your Calendar A Fu To Match —and of equal importance . . , look ten years You have defin virtue of excellent location and endu: ing construction these homes will be just as good investments a decade hence. into the future. that by Tdeally located in booming new section. On 120-ft. boulevard, facing triangular park, block from Fort Slocum Park and 14th St. cars, Homes contain 6 and 7 tile baths with showers and built-in fixtures, front Some 7-room houses 4 bed rooms, others have breakfast rooms. built-in garages, cement double rear porches. Paved lawns. street and alley. Unusual features include all openings, roomy cedar-lined closets, paneled walls, double oak floors throughout, natural finish trim, electric refrigeration, Sanitas on inlaid linoleum and new-typ console gas range with velvetone finish, ts used throughout. Wallpapers by Ci tal Wallpaper Co. Gas heating systems will be installed at slightly higher prices. kitchen walls, I 10 Years + + + This Value of Today M:;dd :Home 5604 KANSAS AVENUE Completely Furnished and Decorated W. N, y:moszs & Sons Inspect this afternoom or tomorrow and 'l join in the enthusiastic acclaim voiced hundreds of previous visitors. Drive out 16th, 13th or Ga. Ave. to fellow, themce east to Kansas Ave., or 14th St. car marked “Takoma” or “Sheridan St” Get off at Longfellow and walk one block east. assurance Y rooms, variegated porches and Fully landscaped, copper screens for Ly é ;_nd 7-- Roo ms++ +$8,950 to $9,250