Evening Star Newspaper, March 28, 1931, Page 19

REALTY LOAN MEN T0 MARK CENTURY Business Now 100 Years Old Was Started With Only $244 in Assets. The second century of the building and loan business in America will be launched August 11 to 15, when the United States Bullding and Loan League holds its thirty-ninth annual conven- tion in Rhiladelphia. Plans for a future home-financing rogram adapted to the revolutionized usiness regime of today and tomorrow will be the serious work of the conven- tion along with the formal celebration of the first hundred years of building and loan in America, according to R. Holtby Myers, Los Angeles, president of the league. Eight million homes were financed by these associations in their century, he reports, X Representatives of the banking in- dustry, of the Nation's politics, of fields of economic research and 5,000 home financiers will be present when the | $9,000,000,000-building - and - loan busi- ness is given a formal start on its sec- ond hundred years. Initial Assets Were $244. “The first century of the building and Joan was likewise launched in the en- virons of Philadelphia, in ths suburb of Frankford, which has since become a part of the city proper,” says Mr. Mpyers. “The Oxford Provident Build- ing Association of Philadelphia. County, the first building and loan organization, was founded January 31, 1831. “Instead cof the spokesmen of the country’s banking industry, legislative leaders and scholars in economics, the sponsors of bullding and loan’s first step into the financial world were - a small town doctor, Dr. Henry Taylor; & country school teacher, Isaac Shallcross; a small town lawyer, Jesse Castor, and a carriage wheelmaker, Isaac Whlt!-l lock. They had $244 in assets to start | the infant business. | “In Philadelphia in August the busi- ness will start its secand century with more than $9,000,000,000. The homes of textile weavers, of a lamplighter and of wage earners in tiny industries were the consideration of building and loan in its beginnings. Had 36 Shareholders. “There were 36 shareholders a hun. dred years lfi,- ‘Today there are 12, 000,000 shareholders, representing wage earners in giant world industries, as well as those who have acquired wealth through building and loan's systematic savings plan. “Building and loan weathered suc- cessfully 17 major depressions in its | first hundred years. When the thou. sands of expert home financiers meet in | convention to launch the second cen- | tury of the business, they will be chiefly concerned with continuing the policies which brought about this success. No single year of that first hundred found butlds and loan unable to pay its divi- “The United States League's plans for the next hundred years, to be discussed at the convention, will dwell upon a ‘widespread program of fostering home ownership, systematic savings and com- ‘munity investment which will mean not only better citizenship, but also a de- crease in losses from speculation by the ‘moderat2-income class which can least afford to lose money. REALTY SHOWS GAIN Monthly Index Figure for February .7 Above That of January. ‘The monthly index figure recorded regular computed from - realty deeds in 64 cities by the National Association of Real Estafe Boards is 66.7 for Feb- | ruary, showing an increase of more than a half a point over the figure 66.0 in Janudry. These figures.are based the norm 100 used for deeds re- g’dcd in the year 1926. A Conveniently Located Home for $5,950 659 South Carolina Ave. S.E. Near 7th & Penn. Ave. Built to withstand time and has Just been mwodernized by completely refinishing _throughout, installing a new hot-water heating plant and is now a thoroughly comfortable home and. in the finest of condition. Has six bright, cheerful rooms and is lo- eated in just the right place for any one to be near the S.E. section. or convenient to the Navy Yard. A GOOD HOME PRICED LOW. Open for Inspection RM HOOKER v Met. 2663 Subscribe Today It costs only about 1% cents per day and 5 cents Sundays to have Washington’s best newspa- per delivered to you regularly every evening and Sunday morn- ing. ‘Telephone National 5000 ard THE EVENING Architect’s conception of structure to be erected by Goldsmith & Keller a . dolph street, having an estimated construction cost of about $300,000. STAR, WASHINGTO. PROPERTY OWNERS URGED TO JOIN BOARDS Intensive Drives Staged in Two | Sections to Get Support in Tax Adjustment. S | In two parts of the country last week | intensive drives were being waged for property owner memberships in local Teal estate boards to bring the help of individual property holders to realtor campaigns for tax adjustment. More | than 26 California cities and Chicago are engaged in building permanent or- ganizations that will seek to cut the tax bills rendered private property own- ers by equalizing the tax levies. California with a goal of 10,000 en- rollments wants support for an amend- ment before the Legislature which pro- vides the taxes on real estate shall be gradually reduced, so that in the year 1942 the amount shall not exceed 50| per cent of the estimated annual local ditures. In many States at pres- | Only a Few Houses Left INSPECT TODAY 1930 L St. NE. In City View Heights $150 Cash $45 Monthly includes all interest, taxes and insurance A REAL opportunity 76 buy & moa- emn al brick_Colonial home with dwood 1l arge on. Take H_street cars to 15th and H N.E, walk 2 squares north or transfer 1o’ bus. OPEN DAILY AND SUNDAY Harry A. Kite, Inc. 1019 15th Sl.ll.w. Nat. 4846 Semi-Detached Home in Beautiful Marietta Park $7,950 Seven rooms. tiled bath and shower, hardwood fioors through- out, electricity, hot-water -heat. automatic hot - water heater, paved: alley and street, garage 422 Marietta N.W. Easy Terms 1009 Modern Open All Day Sunday HERBERT C. ADLER Chandler Bldg. Met. 4333 BRICK Just One! 224 Varnum St. N.W. Open to 9 P.M. Daily Until Sold See this house today; | row may be too late. tomor- Here you have paved streets Near transportation, stores, schools and churches. §! Beautifully located at the high | point between Grant Circle and Soldier's Home. A most attrac- tive and convenient location. House contains 8 bright rooms and bath with shower, Has many attractive and new features in- stalled which you will enjoy see- || ne. WAPLE & JAMES, Inc. 1226 14th St. NW. | ent this amount is as_high as 85 per | cent. ;. | In Chicago Postmaster Arthur Lueder is one of six “generals” in charge of a volunteer army of 1,000 workers seek- | ing property owner members. On the | fourth day of a 10-day drive in this city 2,531 enroliments were reported. | Last week Mark Levy, president of | the Chicago Real Estate Board, and | Albert W. Swayne, chairman of the property owners’ division, dressed in leather leggings and coon-skin caps, | trimmed with long fur tails, called at the tax collector's office in City Hall, acked ofr their tax bills and said they | were wearing the costume of 1818, when | the tax laws still used in Illinois were enacted. The Chicago board wants | these laws brought up to date. NEW DETACHED BRICK HOME 8 Rooms—2 Baths Opento9P.M. ||l 713 Nicholson St. N.W. fi (Out 8th St. to Nicholson, east to House) Waple & James, Inc. 1226 14th St. N.W. North 0962 | T Realtor to Be Memorialized. A memorial to Walter F. McDowell, past president of. the United States Building and Loan League, who died in Los Angeles, is being drafted by present league officials and will be presented for acceptance by the organization at the Philadelphia convention August 11 to 15. Before Buying Inspect 245 Concord Ave. N.W. Contains: 7 lerge rooms and bath. Hot-water heat, electric lights. ~Oak floors throughout. You will be delighted when you have seen these homes, - $8,950.00 Cor. Concord Ave. and Kansas Ave., $11,500.00 FLOYD E. DAVIS CO. 733 12th St. N.W. Phone Natl. 0352 A DISTINCTIVE NEW HOME IN NORTHGATE 1327 This new homte is planned along individual lines, with KALMIA STREET OPEN SATURDAY AND SUNDAY , Drive Out Kalmia, Turn East to House ev €O su ca: 1418 Eye St. N.wW. SUCCESSOR TO B especial place, fully 16th St. to Splendid H.G. Smithlj ‘!:0. Nt attention given to detail that facilitates mfortable living. ery Four bed rooms, large in- lated attic, 2 tiled baths, 2- r built-in garage, open fire- electric refrigeration, roof. high screened,” slate location at point overlooking Rock Creek Park. USINES S 4 N.L.Sansbury COMPANY SNC. MAGNIFICENTLY Appointed New Brick Home in the Exclusive Upper D. C, BATURDAY, IWILBUR SAYS CITY MAY BE INDIVIDUAL Wise Planning for “Personal- ity” Urged by Interior Head in Symposium. A city may win world fame by de- weloping “personality,” Dr. Ray Lyman clares in & symposium of the City and Regional Planning Committee of the American Institute of Architects. “The individuality and charm of cities,” says Dr. Wilbur, who is presi- dent of Better Homes in America, “de- MARCH 28, 1391. nnlmhhumynnlnmquoqunuqb city, b;"él.""‘""rm'?'““’n.:"f"n"fi'm"'" utles are or absent, sible through wise planning of civic centers, of business and residential areas and of street systems to give the city a character of its own. “The planning of streets to take ad- vantage of attractive vistas and the planting of s te shade trees on all residential streets, as well as careful placement of civic buildings and atten- tion to aj prateness and quality in a city by which it ma; n.filmn or world-wide revuu.’ Design Alds Charm. “It s, however, through the design and upkeep of the homes and grounds | and of residential streets that a city Wilbur, Secretary of the Interior, de-| ASUuroy foat intimate charm through 'h it keeps its hold on the affections of its citizens, even after they may have found it necessary to move to other communities. ““There is no doubt that the quality of home life finds expression in citizen- ship, and that good taste and high as- pend a great deal upon their setting and natural topography. Rivers, bays, hills, ledges, and an outlook to the Just Off 16th St. service.” Desirably situated just east of 16th St. on landscaped lot 50 ft. 11 in. wide by 140 ft. deep. Slate roof, brick and stucco construction, like new in every detail. Home contains recep- tion hall, huge living room, with open fireplace; dining room, kitchen, pan- try, double rear porches, 4 real bed rooms, many closets, attic, 3 baths, servant’s room and built-in garage. Rooms on first floor are finished in Textone, hardwood floors through- out; all fixtures of the better grade. Now priced below actual value to ef- fect quick sale. Open for Inspection Sunday Drive out to the 5900 block of 16th St, and turn right on Manchester Lane, Robt. Lee O’Brien 1710 Eye St. Met. 5385 $17,250 HAVE YOU SEEN IT? ensemble . . . pirations incorporated in the home and its gardens are reflected in community Home Builders Incorporate. Spectal Dispatch to The Star. If you are looking for value, for substantial comstruction, for rooms, for a large lot with plenty of shade trees, for something different the way of & home, be sure to inspect these two new homes. Located just one-half square east of Connecticut Avenue, one all- brick, and the other of brick and shingle construction, these homes con- tain & reception hall, large living room with open fireplace and book shelves, exceptionally large dining room, unusually large kitchen with many built-in features, and combination pantry and breakfast nook. ‘There are French doors between reception hall and living room, living room and dining room, and between kitchen and breakfast nook. There are three large, bright bed rooms, and two tiled baths, ane with shower on the second floor (T N silent toflets), plenty of closet space some cedar lined), The third floor has been insulated with Celotex plastered, papered. :;"lg is 1nb:;ery way as llvl'ljle as any ("l[l’l"l!‘!' part of the house, suitable er as Toom or recreation room. ere is 1 space by also ample storage There are a toilet, wash trays, automatic storage hot-water heater, masonry coal bin and masonry cold storage room in the basement. There is a front porch across the entire house, with concrete floor and columns and arches of brick. ‘The roof is of slate. Lots 150 feet deep contain many very large shade trees and garage. Convenient terms can be arranged. SHAFER & STUART Owners and Builders 6712 Wisconsin Ave. Wisconsin 4208 1431 Manchetér Lane N.W. orange walls . . . brown walls . . yet so perfectly blended that one is conscious only of the perfect Space to suit the re- quirements of your business —large or small suites— single rooms . . . K Street at Fifteenth Facilities and conven- iences that characterize the highest standards of build- ing management . . . —and a feature that no other building of its kind has... A BASEMENT .GARAGE “FOR 100 CARS H. L. Rust Company Agent LOW RENTALS 1001 Fifteenth Street NAtional 8100 The New MODERNISTIC APARTMENT! Starlingly unusual . . . blue walls . . . . white walls . . . a riot of color . the delivery will start immedi- ately. The Route Agent will col- T6th St Mesilintint’ Sectionabor the Bright, clear colors . . . deep, vibrant tenes . . . darker hues at lect &t the end of each month K 5 ! ' i the window walls and light colors on inside walls emphasize Exacting Purchaser. sources of daylight and distribute natural illumination by con- trolled reflection . . . Odd new metal furniture . . . with framework of chro- mium-plated steel tubing and upholstered seats and backs . . . conserving space . . . eliminating heavy forms and shadows « « . clean, efficient, and withal, extremely comfortable . . . Unique lighting fixtures . . . chromiuvm-bound opal glass, diffusing even tones of light, without glare . . . For the first time in Washington, a home com- pletely planned, designed, decorated and furnished after the manner of sophisticated modern design « . . unusual color treatment of walls and sim- plicity of furnishings mark a new era in interior decoration . . . Only by seeing it can you appreciate how astonishingly different it is . . . and how fully and forcefully it expresses the MODERN AGE! Open for inspection all day Sunday « « » week days, until 9 P.M, TILDEN GARDENS (A Warren Development North 0962 1327 Shepherd Street Northeast An Ideal Semi-Detached Home ——amid the most satisfactory surroundings, and yet within B iitarios 5ide bf the heurtiof e businiss-and Shobbing 1411 WHITTIER districts. THE BEST VALUE WE HAVE EVER OFFERED 14,750 Superbly constructed of brick, stone and slate. Admirably located just off 16th St. in that section where values are so rapidly enhancing. Semi-detached, 9 very large rooms, 3 well appointed baths, maid's quarters, instantaneous water heater, cedar storage room, garage. English casement win- dows of plate glass lend a charm possessed by few homes. Lots 40 Feet Wide Garage, electric refrigeration, pantry with window, three Shdroshic: AT withiareess to gorch ofen freflace, ohoice of natural or cream and mahogany finish; up to the minute in $9.750 Very Reasonable Terms every respect. Center entrance hall, porenes. 9 1. z 22 1t OPEN SUNDAY (One-half block off 16th) % )\ Connecticut Avenue at Se “CHARLES. M. WALLINGSFORD Cleveland 6084 Builder and Owner 1010 Vermont Ave. N.W. National Mortg. & Inv. Corp. Nat' 2990 1004 Vi. Ave.