Evening Star Newspaper, March 11, 1933, Page 14

HOME FORMISSION BULTBY JOBLESS Work Begun Year Ago When Distriet Took Site for Com- munity Center. Signalizing the completion of an un- usual unemployment relief experiment, the Gospel Mission recently occupied its new home at 810-816 Fifth street, built by labor cf needy n~nd unem- ployed. Forced out of former premises at 214 John Marshall place, through acquisi- tion of the. property by the District government as part of the site for the d municipal center development, the Gospel Mission began less than a year ago the construction of a new ‘ome. Col. P. M. Anderson, a director of the mkission in charge of the work, an- nounced at the time that work on the project would be given to the most needy and unemployed of the city, and the mission employed labor directly, selecting help from application cards. Spanish Mission Design. The design of the new building is of Spanish mission influence. It rises four full stories above the ground, and [+ has & basement and roof garden. Fronting 85 feet on Fifth street, the sfl-uctuxe extends back 90 feet to an alley. ‘The building, which is of concrete, brick and steel construction, has a to- tal eapacity of approximately 240 beds on the three upper floors, each of which has an L-shaped dormitory. Modern shower and bath room facili- ties are provided. A sun room in the main tower on the roof will acccmmo- date several additional beds, if neces- sary. Administrative offices, chapel, clinic and wash rooms occupy the first floor, while the basement is equipped for careteria service, having a kitchen, pantry and storerooms. Furnace and work rooms also are located in the basement, Portion Now Occupied. A of the building is now occupled, Col. Anderson said. The re- mainder will be put into service as funds become available for the pur- chase of necessary beds, bedding and other furnishings. The entire build- ing is under the direct charge of Har- vey V. Prentice, superintendent. ‘The plan followed in the construc- of the building, Col. Anderson sald, proved to be of benefit to both mpluyeu and workers. “It was a pleasure to help these un- fortunate men to help themselves,” he said. “There was never a complaint about wages. Men were started at pre- war wage scales, plus 40 per cent to cover increased cost of living. “There were many more applicants for work than there were jobs. We endeavored to give the work to the most needy. With few exceptions, the Jjobs were given to those having three or more dependents and who had been out of work for more than three months.” REALTOR ASSAILS MATERIAL DEALERS Trying to Restore “Debtors’ Pris- on of the Dark Ages,” De- clares Baltimorean. Bpecial Dispatch to The Star. BALTIMORE, March 11.—Building material dealers are attempting to renew the “debtors’ prisons of the dark ages,” according to the state- ment of Philip S. Morgan, president of the Baltimore Real Estate Board, in assailing a bill recently introduced in the General Assembly. ‘The bill provides for a fine of $1,000 or three years in jail, or both, for mort- gagors, contractors or subcontractors who fail to pay in full or pro rata for services and materials on_construction projects within 30 days after receipt of mortgage money from a lien on the property. “This bill is aimed squarely at in- vestment builders, contractors and sub- contractors who fail to pay their bills,” Mr. Morgan said. “It apparently has not occurred to material dealers that if they would quit giving credit to un- known speculators, then the honest and responsible investors, contractors and sub-contractors might be able to com- pete on a fair basis and pay their bills. “Instead of being guided by the fun- damental basis of credits as follows in all other lines of business, confidence in honesty and ability to pay, these dealers have gone to Annapolis and are urging the legislature to protect them against thelr own incompetent management.” ;TAX AMENDMENT FAVORED MReal Betate Association Would Bliminate Exempted Securities. The National Association of Real Es- %ate Boards, which has for years advo- cated such action, voices its hearty ap- proval of the projected amendment to the Constitution of the United States, recently introduced in Congress, which «calls for the elimination of tax exemp- tion for securities. 1t provides that income derived from seC issued by the United States or any State may be included in any tax on incomes levied either by the United States or any State. Exception eould be made for a war emergency. Exemption for salaries and fees re- celved either from the United States or from any State would also be elim- inated. The article would become a art of the Constitution on ratification the Legislatures of three-fourths of the States. STATEMENT OF THE CONDITION OF THE American National Fire Insurance Company of Columbus, Ohio On the 31st day of December. 1932, der Section 647 of the Cod T L tor the District of Columbia. INCOME. tal interest and ren! her inCOme ...ooe Total income . $88,571.94 DI Net amount holders for losses All other disburseme Total disbursement: $60,260.97 177,092.97 . $237,353.94 $940,844.61 43.630.43 16.909.02 Bonds and stocl 0! 3,547.00 14.602.64 Gross assets. K3 Deduct aseets not admitted. 12 Total admitted assets... $803,254.87 ABILITIES. tal paid s SA00000.00 pil u : T300.000. urpius over il tiablitiies 754.87 . $803,254.87 . R. ACKERMAN, Vice President. MYLES WALSH, Secretary. Subscribed and_sworn to before me this sixth day of February. 1933. (Seal.) J. HOMER REED, 24. 0. LI gher liabilities Total Notary Public Bronx County No. Gertifoate flled in Mew York County, Values of securities used in this state- nt are the values as determined by the tional Convention of Insurance Com- missioners. Insurance Service. BRODIE & COLBEET, 1707 Eye St. N.W. Natlonal 8875, ESTATE. New Home ‘THE EVENING STAR, WASHINGTON, of Mission STRUCTURE BUILT BY UNEMPLOYED AND NEEDY FINISHED. ‘The newly completed home of the Gospel at 810-816 Fifth Street. TEN-YEAR BUILDING PLAN IS FORESEEN Public Works and Creation of New Industrial Centers Would Be Extensive. PPULATON AN 52 FINANGING IN 1932 ON MONTHLY PLAN Installment Mortgage Ad- vancements $52,000,000 for 19,370 Homes. CHICAGO, I, . March 11.—More than one-half of thé new homes built in 1932 were financed by the building and loan association monthly install. ment mortgage, it was reported today by the United States Building and Loan League. The first check-ups on total loaning last year show that the asso- clations advanced $52,000,000 for the construction of 19,370 one-family homes. Statistical organization figures show that only 35,600 single-family houses were built in the past year. Thus the building and lcan business provided for 55 per cent of them. Ward B. Whitlock of Springfield, Il president of the league, says that the association devoted 10 per cent of their total lending activity to mortgages on newly built homes. The remainder was for refinancing of home mortgages held by other institutions, some for remodel- ing loans and others for purchase of existing homes. Total mortgage loans estimated for 1932 show the associations pouring $521.000,000 into the home mortgage fleld, in spite of decreased in- come from savings of shareholders and the need of many other shareholders to use their building and loan savings the emergencies of the critical year. Nature of 1932 Loans. “It is important that the loaning business done in 1932 was almost en- tirely out of the regular receipts of building and loan associations from |gro members, either older shareholders con- tinuing payments, borrowers reducing the princtpal of their mortgage indebt- edness or new shareholders opening ac- counts with the associations,” said Mr. Whitlock. “Not until the groundwork for the operations of the new Federal Home Loan Bank System was laid did the helpful possibility of increasing loaning funds by obtaining advances from a long-time credit source become a reality. Because this source is now definitely established we may look for an increase of lending in 1933 over the previous year, especially in view of the growing demand for home mortgage loans noted in 25 States. Average Loan $2,685. “The average mortgage loan for a newly built home in 1932 was $2.685. This compares with $3,500 and $3,600 for the periods of 1928, 1929 and 1930. Taking the average building and loan association mortgage as 60 per cent of the total value of the home, we find the average home built with association financing last year costing around £4,500. This is a step in the right di- rection, and business and finance may rest assured that the one-family homes | built in 1932 at an average cost of $4,500 are not only better suited to the market than any homes have been for years, but they are also better built than the average home of four years ago. Loaning agencies are paying marked attention to building methods in the present critis, and as a result the homes which they finance today will be outstanding in the residential realty structure of the years to come. 2 r amounts were loaned for construction of homes in January, Feb- ruary, April and May than at any other time last year. Financing for the build- ing of new homes fell off in June and July, and was up slightly in August and the Fall months. This is probably explainable on the grounds that the 1932 business level reached its low both | in figures and in public confidence in | Midsummer last year, and the mood for building homes was considerably damp- ened. The fact that such building || picked up in the months following is a hopeful indication that the damper || Here Is Your Gul'd; ALL NEW HOMES They Are the Best See Them All—Then Decide 1319 Rittenhouse St. N.W. 8 Rooms—2 Baths—Recreation ‘Room Automatic comfort—half price). The h be arranged for two familie de- sired. New section of all new homes. Convenient stores, _churches. schools and_transportation. Priced lower than you would expect; terms you can afford. SEMI-DETACHED BRICKS Rooms—2 Baths—Recreation Room High_ Elevation—Location the Best 706 Nicholson St. N.W. Price No Higher Than Row Houses 5716 3rd St. N.W. Facing Fort Slocum Park Rooms—2 Baths—Priced Low ~—Terms 5615 3rd St. N.W. (Just Above Longfellow n,;‘ The Home With Electric Kitchen All Rooms Well Proportioned and Bright Priced at $7,650—Terms— Convenient Location SEMI-DETACHED BRICK $8,450—Easy Terms 54 Longfellow St. NNW. 6 Large Rooms—3 Porches—Garage 5623 Kansas Ave. N.W. Facing Wide Ave. and Large Gov't Park High Eleyation—Coavenient Location Priced to Sell Quickly SEMI-DETACHED BRICK 20 Feet Wide—8 Rooms—2 Baths Routhern Exposnre—Convenient Location 723 Quackenbos St. N.W. All the ahove homes are open daily to ® p.m. Go out’ an them or phone us and we will send auto for your convenience to inspect them. WAPLE & JAMES, Inc. ome s it Members Washington Real Estate Board 1S SLOWING DOWN Agricultural Economjst Holds Factor Should Be Studied by Business. The slowing down of population growth is not a major factor in the | present economic depression, but it is a factor of increasing importance and should have primary consideration in all plans and policies relating to the utilization of land, accol to Dr. O. E. Baker of the Bureau of Agricul tural Economics, Department of Agri- culture. Prospect of a stationary national population at approximately 150,000,000 people after the year 1960, followed by a decline, he declares, demands con- sideration by all business concerns, es- pecially the real estate fleld. During the next quarter century there will be 20,000,000 more people in the United States to be housed, clothed, fed, and “entertained,” he says. Population growth, he points out, is the principal factor to be considered in studying the outlook for consumption of farm products, and many manufactured products, in the near future. Dr. Baker's forecast of cessation of population growth by the year 1960, and of population decline after 1970, is predicated on a continuing downward trend in the birth rate for a few years and the maintenance of present immi- gration restrictions. -Should the trend in | of the birth rate be reversed, or should the immigration bars be let down, of course, this forecast would not apply. “Prospect for population gro in the Nation as a whole can be expected with considerable assurance, but there is less assurance as to_ population wth in cities,”” Dr. Baker says. “Whereas in the last 10 years there was an increase of nearly 15,000,000 in the population of the cities out of the 17,000,000 gain in the entire Na- tion, in the next 10 years the increase in cities may not be half as large, ¢~ 1 even should it be half as L% 8 than half of the increase be e fected through migration from farms. “During 1932, when the migration from farms to cities was greatly reduced and the migration from the cities to rural areas increased, there was little, if any, increase in the population of the cities. The increage in urban popula- tion between 1940 and 1950, it is ex- pected, will be still smaller than that from 1930 to 1940, and a stationary population, not only in the cities but also in the entire Nation seems likely by the year 1960, unless the restrictions on immigration are relaxed.” The decline in the birth rate, according to Dr. Baker, has been far more rapid in the cities than on farms, “Ten years ago there were about enough children in the large cities to maintain the population of those cities permanently stationary without acces- sions from outside, but today there is about a 25 per cent deficit. - In cities under 100,000 population there is a 10 to 15 per cent deficit in number of children necessary to maintain a sta- tionary population; but in village pop- ulations there is a 25 per cent' surplus of children, and in the farm population a2 50 per cent surplus of children above the number necessary to main- tain the farm population stationary.” The Chinese Government will estab~ lish a large industrial alcohol factory in Shangh: | | economic peoblems of production and distribution with which we are faced. “The future is up to the planners, of basic use in our little problems must be ap- plied eventually to the problems of production in every fleld. “Public works offers a great oppor- tunity now for the beginning of an ex- periment in such Nation-wide plan- public works I mean that possible extent the amenities the people. “The process of development can only be gradual. There is no approach to it which offers so excellent & micro- cosm of the problem as does the study of the shelter of the individual hmlgwln its relation to the community and community to the city or State. “While many techniques will have to contribute to the larger planning, the engineers lndd g: architects have v.h’i t an experience that p% applicable. It is my belief that architects have a unique contri- bution to make to the process which gives them both the privilege and the otligation for ludenhlr & ook upon _their them not 1s needed to plan Circus Man Has 34,000 Acres. John Ringling, in addition to his prow- ess in the circus arens, is an enterpris. ing real estate man. He has a 34,000- acre farm in Florida and plans to sub- the property into small farms. for the man who wants to get &Thing ot of the et * A QUALITY HOME At an Amazingly . Low Price! ® 11,650 Only 1 Left! 3612 Veazey St. t brick. 7 daree | rooms rehes. o Breptace, attractive kitchen Iaiest Oxford eabinet ecasipment. Frisidaire; heuse sersened and weather_sirlp Open Sunday and Daily Until 9 P.M. Wm. M. Throckmorton 208 Investment Bldg. Di. 6093 baths, finished attic. Lot 160 feet deep. portation. To reach: North on 33rd 5520 Conn. Ave. 3237 Patterson Street Chevy Chase, D. C. NSPECT today, this new all brick, Chevy Chase home, contain- ing large living room and dining room, model kitchen, electric refrigeration. Three very attractive bed rooms, two complete Screened, weather-st Near Lafayette School, store and trans- Open Saturday and Sunday -2 Street, to Patterson, turn right to properiy. : EDW. H. JONES & CO ed, oil burner. . Inc. €. 2300 3805 Kanawha St. CHEVY CHASE, D. C. Fronting 60 feet on beautiful street about 1% blocks west of Connecticut Avénue. A substantially built all-brick home (facing south) with slate roof, copper gutters and spouting and wide covered front porch. House is about 40 feet in width, assuring ample living space. Center hall type, with 1st floor study and lavatory. 4 bed rooms and 2 baths with additional lavatory. Gas heat. Built-in garage. All in excellent condition. Attractive landscaping and trees. Be sure to see it tomorrow. Price is right. WILL CONSIDER SMALL HOUSE IN EXCHANGE OPEN ALL DAY SUNDAY . . BOSS & PHELPS 1417 K 8% 1226 14th St. N.W. Dlst. 3347 Realtors D. G, SATURDAY, MARCH 11, 1933. Theater May Be Razed PARKING LOT CONCERN SEEKS SITE. ‘The old Cosmos Theater at 919-921 Pennsylvania avenue. P negotiations now under wiy are successfully completed, the old Cosmos Theater, known also as the Mutual Burlesque, at 919-921 Pennsylvania avenue, shortly will be torn down to mske way for another parking lot. Lease of the theater building, which has been dark for years, is sought by Service Parking Grounds, Inc, a De- trolt concern, according to Harvey Jacobs, attorney for the firm, which operates several similar parking plans in other cities. Commitment papers have been signed, Jacobs said. ‘The Builders' Exchange Building, at 721 Thirteenth street, which recently housed the Strayer Business College and other tenants, has been leased by the Bervice Parking Grounds, Inc., for a period of five years, and the structure is now in the course of being razed to pro- vide space for automobile parking. The Cosmos Theater is syndicate which includes M. D. berg, local attorney, the estate of Alex- ander Wolf, Thomas Armat and others. ‘The total assessed valuation of land and improvements is $200,347. The struc- ture has a frontage of 48 feet on Penn- sylvania avenue, and extends through to D street. ‘The building was said to be the third motion picture theater in Washington, having been conducted by Thomas Ar- mat, one of the inventors of the mo- tion picture projection machine. Im- mediately prior to being taken over by owned by a| United States Express Co. and the Adams Express Co. ‘The structure was one of the early homes of Woodward & lmwgnnmrb- ment Store, which was then known as the “Boston House.” Armat remodeled the bufldings at 919 and 921 Pennsyl- vania avenue, converting one into the Cosmos Theater and the other he named the Crescent. Later the whole was made into the Cosmos Theater. —_— SKYSCRAPER IS FIRST |English Plan 36-Story Hotel at Blackpool. After limiting buildings to the height of suburban apartment houses in this country for decades, the British are about to begin the erection of their first skyscraper at Blackpool. It will be & hotel of 36 floors, which will be con- structed on the south shore, near the bathing beach. The plans have been passed by the Blackpool Town Planning Committee month. It is expected that the hotel will be completed in two years. It will cost £225,000, will be 511 feet high, weigh 40,000 tons and accommo- Armat in 1905, the building housed the | date 2,000. Spring Valley N\ “The Garden of Beautiful Homes” Presenting for Your Approval The Washington Post MODEL HOME 3641 49th Street Completely Furnished Now open to the Public as a Demonstra- tion of the Finer Art in Home Building and Interfor Decorating. Designed and_Built by MILLER W.C & A N. Interior Decoration GALLERY, INC. General Electric Kitchen Fully equipped with the most modern elec- trical appliances through the co-op- eration of THE NATIONAL ELECTRICAL SUPPLY CO. and THE POTOMAC ELECTRIC POWE! R CO. Open Daily 10 AM. to § P.M. Save $1,000 and live for $28.75 a month! Here cash gets quick results: A Magnificent New Brick and Stone Residence in Marietta Park—Semi- detached, with 8 rooms and 3 baths. NE sold and only three left. At this price there will be hundreds of buyers. We build for cash and sell for cash. This splendid big home has the largest and finest wood-panelled ball room in town, a built-in garage, 3 Hollywood tile baths, a wonder kitchen, two fireplaces, and three big bed rooms. . Many more fea- tures. Must be seen. Cash talks. Never before would it buy so much—never again will you find such an oppor- tunity. Come out and let us show you how this home can be yours. Mo trades can be accepted at this slashed price. DIRECTIONS Price: $9,750 $1,000 $8,750 $5,750 Cash Needed: $3,000 Reduction: New Price: 1st Trust: Then you can live for $28.75 a month REAL' ESTATE. OKLAHOMA DELAYS FORECLOSURES WEEK Governor Expects Legislature by Then to Pass 18-Month Moratorium. OKLAHOMA CITY, Okla. March 11. —*“Alfslfs Bill” Murray, the picturesque Governor_of , has instructed the sheriffs of this State that they are not to dispossess any property owner or sell any real estate under foreclosure until March 15. Meanwhile, Qovernor expects the Legislature pass an 18 months’ moratorium. ‘The House has d a bill which ves the district judges more discre- wer in mortgage foreclosure it this is no:h:nvored by the SOUND VALUES In Attractive Homes 720 WHITTIER ST N.W. $11,450 3315 QUESADA ST. N.W. Pri An architectural .':‘d Diece. A colonial A%, with actual reproducti Bx‘“‘:l' from old Virginia é‘“ homes. Fireplace in ost master bed room. J. WESLEY BUCHANAN, INC. Realtors 1427 Eye St. N'W. Met. 1143 SPRING HOMES Built By C. H. Small Let Your HOME Be Your BANK and save in a safe way for old age independence ALL THE LATEST FEATURES have been incorporated for beauty and comfort in these beautiful Semi-detached Homes. House 20 ft. wide, large rooms, elaborate recreation room—with real fireplace. Special kitchen equipment, pantry, 2 colored baths, 3 porches, 2 real fireplaces. 198-ft. lot, garage. MODEL HOME 2024 14th St. N.E. Out North Capitol Si on Michigan Avenue, 14th Street A Pleasant Surprise Auwaits You Drive Out Today and Sunday “The Home Complete” FORMAL SHOWING OF THIS BEAUTI- FUL NEW HOME 1741 Upshur St. N.W. Open 10 A.M. to 10 P.M. ON a large, beautifully landscaped ] 9 ROOMS [] 3 BATHS ® LIBRARY L] FIRST-FLOOR LAVATORY lot in an exclusive neighbor- hood, is built this imposing old English, studio type, all-brick home, containing many unusual features, such as two open fireplaces, slate TWO roof, copper downspouting, maid’s KITCHENS room, and two-car brick garage. A 5 value seldom offered in a new home. . BREAKFAST $13,950 NOOK DRIVE OUT TODAY L] VANITY 161h St. to Upshur St. and turn left to homes. Owner J Chias.Shapir() MASSIVE CLUB ROOM Builder 1508 K St. N.W. L] A HOST OF R OTHE! FEATURES NAt. 4886 The Top of Wesley Heights Price, $24,950 An ideal home—an ideal location. This most artistic home—of English architecture, com- mands an imposing view of the many stately homes and primeval forest that surround it. Of the popular center-hall type, the house contains 10 rooms, 3 baths, 1st floor lavatory, screened living porch, sun parlor. The corner lot is 65x165 ft. with a 2-car garage. An outstanding value in this exclusive community. Open Today and All Day Sunday (The owner will be away all day, so as to assure a leisure inspection.) Realty Associates, Inc. Realtors 1427 Eye St. Nat. 1438