Evening Star Newspaper, May 27, 1933, Page 13

WASHINGTON, D. C., o~ he WITH SUNDAY MORNING EDITION pening Star, SATURDAY, MAY 27, 1933. BUILDING NEWS |B—Y Home-Owning and Building Section for Washington and Suburbs INFLATION TO BE CHIEF TOPIC AT REALTY SESSIONS Proposals Regarding Necessary Adjustments Ex-| pected at Important Meeting of Association Opening in Chicago on June 12. BY VINCENT TUTCHING. trend of real estate, the toward Chicago early ne: ITH prospective inflation and the departure of the United | States from the gold standard reflecting strongly on the eyes of the realty world will turn xt month as the most important meeting in the history of the National Association of Real Estate Boards gets under way. Out of the Illinois city conclave, which will open June 12, realtors expect will come proposals of far-reaching significance concerning what immediate adjustments and changes realtors should prepare for in the face of .impending conditions. The central theme of the conven-< tion, it is expected. will revolve about inflation and its effect on real estate. A new question is thrust into the con- vention program by the President's action in deciding that the United States should go off the gold standard by statute. The meaning of this ac- tion cn real estate doubtless will be an important topic of the meeting. Woodin Settles Problem. Ancthier problem which has been before real estate men since the enact- ment of recent legislation dealing with money seems to have been settled with | the statement by Secretary Woodin of | the Treasury Department yesterday | clarifying the effect of this legislation | on the “gold clause” in public and private obligations. | ‘The question had been raised as to what course the debtor who wishes to make legal tender may take in ordinary obligations and in contractual obli- gations which call for payment in “gold | of the present standard of weight and | fineness.” ‘The administration, Secretary Woodin | #aid, is supporting resolutions in Con- | gress which would make clear that future obligations, public and private. shall not contain the gold clause. He said the Thomas amendment to the agricultural relief act has made all coins and currencies of the United States legal tender for the pagment of all public and privite debts. | Meeting in the face of a national movement toward low-cost home pro- duction, the Chicago convention will turn attention toward the organization of all business groups and forces in- terested in the advancement of home | ownership and to guide this move- | ment for construction of homes. Planning To Be Stressed. In lending its support to this trend, the national realtors’ group will place emphasis on homes planned with the neighborhood as a unit, planning of more satisfactory community life and kindred subjects. Sessions of the convention will be devoted to discussion of present-day real estate problems in the fields of mortgage finance, property manage- gkent, farm land, appraisal and the e. Henry G. Zander, jr., president of the Chicago Real Estate Board, will make the address of welcome. An inspection FREEING DEPOSITS MAY HELP REALTY All Branches of Real Estate Business to Be Aided, Smithy Believes. ‘The flow of between $5.000,000 and $10,000,000 in tied up deposits back into the channels of trade, which is believed imminent with the proposed | bank merger here, should go far toward | | rejuvenating the iocal real estate busi- | ness in all its branches, in the opinion of: Horace G. Smithy, reator. The major portion of these funds consists of comparatively small de- posits representing actual “consumers’ dollars,” Mr. Smithy believes, and the economic life of the entire community will be benefited as they ‘are put to | work. Tenant First to Suffer. to suffer in this enforced temporar; retirement of quick turnover funds, says Mr. Smithy. “Then, in natural | sequence, the suddenly curtailed buying power of an army of consumers mani- fested itself in the real estate field gen- erally. Rental collections were affected in some cases, planned expansions were deferred and the market for new homes suffered. “As soon as these funds are released hundreds of tenants will use a part of them to pay off delinquent rents and other obligations. In the commercial field tenants will take advantage of the low rental levels to acquire additional space against the time when improving business conditions compel expansion. Scores of families now living in cramped quarters will feel that they can, now that the uncertainty regard- ing their funds is removed, afford ad- |ated by the low sloping roof line, ex- “The tenant, as usual, was the first | P Colonial Architecture Blended With Modern | | | Conveniences. ’ | l SOUTHERN VIRGINIA | EXAMPLES COPIED | Low Sloping Roof Line : | Creates Hospitable and | Invmng Feclmg. | E Star Model Home at 1343 Locust | road tomorrow enters upon its third week of pubiic display under aus- ces of The Star. The charming Colonial architecture | of this home, blended with modern ap- | pointments and conveniences, has been cccasion for much favorable comment | | by visitors, and its livability of plan, | | durability ‘of construction, and other | | features have aroused keen interest Colonial architecture, American ar- | chitects have found, is mocre or less | accepted as standard in this country | and "the simple, appealing lines hav | been shown to blend pleasantly in al- | most any community. ~Community | plan, incidenally, is a factor given due consideration by The Star’s commit- tee of experts in housing design and construction, in passing upon homes for | exhibiticn under the sponsorship of this newspape:. | The Locust rcad home, in Northgate, has for its precedent the popular ar- chitecture of the Colonies, having been opied from authentic examples in | Southern Vivginia. Its exterior con- | struction is of handmade red brick, effectively enhanced by white wood- work for porch supports, window and | door trim and shutters. Creates Hospitable Feeling. An inviting, hospitable feeling is cre- NTHUSIASTICALLY received scores of interested persons ing the last two weeks, the Silver tending down to the porch eaves, with dormers protruding through on the up- er story in_typicai Colonial fashion. The interior arrangement has been | executed with an eye to comfort and convenience, and high quality mate- ria's have been employed throughout. WooAwork in the downstairs hall and | in the living and dining rooms has | been finished with old ivorv coloring, | giving a pleasing antique effect. Of center hall plan. the house has a large kitchen and downstairs lava- tory, in addition to the deep living room and spacious dining room on the first floor. A recreation room, finished after the style of old-fashioned “tap rooms” of the early American period, comprises part of the basement plan, | which includes elso a two-car garage, furnace room and laundry. ‘The second floor includes the master bed room, with dressing room and pri- | | vate bath, and two smaller bed rooms. | The main bath room is located forward of the upstairs hall. Ziitchan ol Master Sac Boon 23" rse Silver Star Home Is Received Enthusiastically Upper photo shows a view of the diping room of the Silver Star Model Home at 1343 Locust road, Northgate, u} seen through the arched doorway from tfle living room. Below are shown ihe floor plans. —Star Stafl Photo. | |U. S. HISTORIC BUILDINGS’ [ PRESERVATION SOUGHT | American Institute of Architects Starts Survey to Prevent = ; i Movement—L. B. | | Holland Conducts Landmarks’ Exit. HE preservation of historic American monuments and build- ings is the objective of a movement launched this week by the American Institute of Architects. matter is being conducted by Leicester B. Holland, chief of the A national survey into the Fine Arts Division of the Library of Congress, and chairman of the | institute’s Committee on the Preservation of Historic Buildings. Assisted by architects in every section of the United States, Dr. | Holland’s committee is compiling a national list of buildings either |of architectural importance or of | to be subdivided into lists applying | cities. Only buildings at least a century | old are being considered for inclusions in the Atlantic seaboard tabulation, ac- | cording to Dr. Holland. Likewise, no structure later than 1850 is to be in- | cluded in the survey for any part of the country. Assumed Leadership. | “In foreign nations, where archi-| tecture is a national concern,” says Dr. Holland, “historic monuments are listed and cared for by the state. Here, - where democracy leaves cultural affairs largely to public whim, it is proper for the architects organized in a na- | tional body to assume the leadership of popular interest in preserving im- | portant monuments of our past. | “The first step in any general cam- paign for preservation obviously is the | investigation of what and where our | historic buildings are and why they should be subjects for public considera- tion. But, except for a few favored localities where surveys already have | been made, no lists of the buildings | which might be properly classified as | historic monuments are yet available.” | Tt is the responsibility of the Ameri- can Institute of Architects to conduct such a survey, Dr. Holland asserts, pointing out that, with the institute’s large and widely distributed member- ship, there “should be no great dif- ficulty” in preparing a reasonably com- plete and adequate list of historic | buildings worthy of preservation. Ballots Sent to Members. | A ballot has been sent to each mem- | ber of the institute, with blacks for | seven buildings. Information requested | includes the name and type of build- ing, its architect, the date of erection, | original owner, present owner, features of architectural and historic interest and location. “As specific guidance,” Dr. Holland explains, “members of the institute have been asked primarily to consider the district, city, county or chapter area in which he resides, rather than that in which he has his office, so as to id_excessive duplication of lists 2724 13th ST. N.W. notable historic interest. This is directly to the various States and from large cities and neglect of coun- try districts.” Returns are to be grouped first by chapters and sent to the chapter mem- bers of the committee for comparison and compilation of regional lists. These regional surveys then will be returned to Washington for final combination by Dr. Holland and his group in & national list. : Dr. Holland deplored “the menacing tendency to do away with interesting (Continued on Second Page.) Detached Bungalow in This Fine Neighborhood 338 Quackenbos St.N.W. Open Sunday ‘This beautiful home is situated on a large lot and contains seven rooms, bath, awnings and garage. We of- fer this home at a very attractive price. A visit here Sunday will be worth your while. We will sell on terms. L& Brouninger Sons Investment Bldg. NAt. 2040 Undsual New Home $6,950. 5 Terms ditional living comforts and they will | g0 back into the market for larger and | more modern apartments. Home own- | ers will be enabled to resume mortgage | interest payments and many will start upon long-neglected repairs and im- provements to their properties. Pros- | pective home buyers will return to their | upstairs hall closet. trip of selected Chicago apartment buildings and other income properties is being arranged. A like t-hand study of the Chicago clearing manu- facturing district and of its central| manufacturing district will be on the program. Demonstration appraisals of selected Chicago properties will be an all-day feature of the convention, staged on the day preceding the open- | ing of the general sessions, under the | 9 Rooms, Bath, H-W. H. Elec., Weather Stripped This imposing brick home. con- venient to Central High School. up- town business theaters. churches and sc g of- fered considerably below assessed $7,350.00 Has Ample Closet Space. | bl : | to families for various purposes in con- | ing by the Architects' Advisory Council | 1s provided | s Suihe. ot S vroised| BUILDING AND LOAN | nection with ownership of their homes. |at & recent meeting. | = being | ;26‘»)"1?&0“&1%2! nh n;‘:sire-?fx:]e;yc’g]mmfi; | Advances to pay taxes and insurance,| The group approved the United Mo- | OUTGO IS ANNOUNCED | tons-term credit to refinance short. | tor Terminal structure now under way | quest for suitable investments and| The house is located in a beautifully =T ment, and additional linen space placed | e e o | {term mortgages which other types of |at 607-615 Pennsylvania avenue, de- | . : mortgage lending institutions found |signed by Milburn & Heister. This | those with money available will belandscaped lot, facing south. The set- $700,000,000 Paid Investing and they could not renew, and loans to peo- attracted to the market for mortgage | ting is given added charm by two huge | | ¢ .NW. pen Large living room. dining open_ fireplace. modern kitchen electric refrigeration. has 2" large | room, same rating was given a store being' with built at 516 Twelfth street for George | floor auspices of the American Institute u(| Rea® Estate Appraisers of the Asso- ciation. Philip Benson, president of the Dime Savings Bank of Brooklyn, will address both the gereral convention and the specialized mortgage and finance divi- son on the work of mutual savings banks as an aid to home ownership and real estate financing. ‘Wenzlick To Be Heard. Delbert 8. Wenzlick president of | Real Estate Analysts, Inc. St. Louis, | ‘which institution is engaged in collect- ing, analyzing and putting into use | real estate data from a number of im- portant cities of the country, will ad- dress the general convention on long- trend movements in real estate and the relationship of real estate to other factors of the business cycle. J. Soule Warterfield, chairman of the | recent National Conference on the Re- newal of Home Building, who was au- | thorized by that conference to appoint a committee of 15 to work out a plan for a proposed permanent National Housing Conference Board, will be an- other speaker at general sessions. Clifton R. Bechtel, chairman of the Zoning Committee of the Chicago Real Estate Board, will talk on “Rebuilding the Blighted Sections of Our Cities.” Hayden B. Harris, vice president of the Harris Trust and Savings Bank, Chicago, will be the general convention speaker on “Garden Homes.” General sessions will open Wednesday morning, June 14, and will continue | through the mornings of June 15 and 16. Meetings of the Executive Committees of nine specialized divisions of the association will open on the afternoon of Tuesday, June 14, and will continuc through the afternoon of June 15. The American Institute of Real Estate Ap- praisers will, however, in addition, have a meeting featuring demonstration ap- praisals of actual Chicago properties scheduled in advance of the general sessions of the convention. This meet- ing will be an all-day meeting Tuesday, June 13. | The Washington Real Estate Board | is making elaborate preparations for| participation in the convention. H.| Clifford Bangs, president of the board, | will head a large delegation from the| Capital. Clarence Donohoe is chair-| man of the local group’s Convention | Committee. ——————— | N:w Hinges Devised. Hinges have been devised which per-| mit screens, storm windows to be inter- changed, allow them to be swung open | | other words, the turnover will notes. | “As another result of this increased activity in the market for both com- | mercial and residential properties, fresh | outside capital will be attracted to new building enterprises, with profit to| the construction materials Interests. | This money, in fact, should invigorate | many lines of business as it passes from hand to hand before working its | way back into the bank.” | The deposits now tied up, says Mr. Smithy, are of more importance to business than the total amount in- volved would imply. | “Turnover to Be Rapid.” “Each million released,” he sa “will represent much more than tha xed sum, because of the urgent neces- ity for its immediate employment. In | bz so rapid that in a brief time each hundred dollars will have settled triple that amount in long overdue obligations. “The effects of any considerable mone- tary tie-up were graphically illusstrated in Detroit and other large cities. On the day the sequestered funds were re- leased in Detroit the department stores of that city set a new all-time record | in sales, collections in many lines went | to new high marks and a prostrate realty market was galvanized into ac- tion almost overnight. | “As a foretaste of what raay be ex- | pected to follow the freeing of these deposits here, and in factual support of this somewhat sketchy forecast, it can be stated that the sale of seven new homes constructed by two local firms, | long held up by inability of the pros-| pective purchasers to make down pay- | ments, will be consummated as soon as | funds are again available.” ‘ — LEWIS OPENS OFFICES | Will Conduct Rental and Proper(yi Management Business. E. Roy Lewis, former chairman of the Finance Committee of the Demo- | cratic Central Committee of the Dis- | trict, has opened offices at 744 Jackson place to conduct a rental and property management business. | Mr. Lewis has been associated with| real estate activity in the Capital for| the past 14 years. i Home Site Now like _doors. Near the Catholic University (N.E. Cor. Lawrence and 13th sis. N.E) price $13,500 An old colonial home on & high, rolling lot, 150x150 ft., containing many giant trees and a profusion of shrubbery. The house contains nine large rooms (six bed rooms) and a large porch that rums over halfway around the house, affording a marvelous view of the entire neighbor- hood. To one who loves se- clusion and trees, this prop- erty is most appealing. Three- car garage. Just one square. from bus and car lines, schools and stores, Open Today and All Day Sunday Realty Associates, Inc. Nat. 1438 LAND is a tangible investment— the basis and foundation of all wealth. With the valued of all commodities rising, an investment in land at present-day prices will prove, in the long run, the safest and most profitable form of investment. LAND in the Nation's Capital, particularly that fronting or ad- jacent to Rock Creek Park, will have the greatest value for resi- dential purposes. This Week’s Special Rock Creek Park Estates Home Site—160-ft. frontage on Rock Creek Park—135-ft. front- age on street. Price, $4,500 Edson W. Briggs Co. 1817 Plymouth St. NW, Ge. 4904 4 trees in the front lawn. Shrubs and other landscaping treatment was exe- cuted by the Cornell Nursery. The home was furnished for the dis- play period by Hutchinson's, Inc., and draperies and shades were provided by | the Shade Factory. Paul T. Stone, Inc., are the builders of the model house, which,_was designed by W. Newton | Diehl, Virginia_ architect. The Stone | concern is associated with J. Wesley Buchenan. Inc., realtors, in the presen- tation of the home. | How to Reach Home. | The Siiver Star award of merit was voted the dwelling after careful exami- | tion by The Star's committee of specialists in the various fields of build- ing and planning. headed by James S.| Taylor. chief of the division of hous- | ing, Bureau of Standards. Other mem- | bers include Dr. Louise Stanley, chief | of the Burcau of Home Economics. De- partment of Agriculture; H. Clifford | Bangs. Real Estate Board: John Nolen, jr., city planner of the National Capital Park | nd Planning Commission: Gilbert Ro- | dier. architect; Charles H. Tompkins, | builder, and & representative of The Star. The model home is reached by way of Sixteenth street. morth o Locus road, which is one block above Kalmia road, thence east to house. Hot Water Kept Constant. Hot water at constant temperature is supplied by a new volume water- heating system. The system brings successive quantities of water to full heat before passing them to storage Sheridan Street Overlooking 16th Street and Rock Creek Park $9,350 Small Cash Payment $69.50 Monthly Six Spacious Rooms Step-Down Living Room Two Colored Tile Baths Modern Kitchen with Breakfast Room Modern Ricreation Room in Base- ‘ment Two Log-Burning Fireplaces Built-in Garage Concealed Radiation Gas Heat Furnished House Open Daily and Sunday Until 10 P.M. Borrowing Members During First 4 Months of Year. CHICAGO, May 27.—Building and | loan associations paid some $700,000,000 | to their investing and borrowing mem- | bers during the first four months of 1933, according to totals made public | today by the United States Building and | Loan League. | Morton Bodfish, executive manager | of the league, pointed out that the hundreds of thousands of people into | whose hands this money went, have found that individual thrift, looking toward future emergencies, is the most dependable “relief” program ever de- vised. Dividends paid on the 1st of Jan- uary account for $175,000,000 of the | total. Repayments to shareholders of | the associations, and cash loans to | savings members. on security of their shares in the associations accounted for the largest portion of the disburse- ment, $355,000,000 The remaining $170,000,000 was loaned Built by Dunigan . . . Built Right The Talk of 1933 FINAL WARNING! | Only One ~ of Entire Group Left! " Exhibit Home 5406 Kansas Ave. On a Beautiful Boulevard | With Two Baths, Dinette, Recreation Room and the Large Dunigan Kitchen D. J. Dunigan, Inc. BIRON BROS. GEorgia 9623 Tower Building ple newly undertaking home ownership prijjer either by purchase or building were principal items in this total. The pick- up in residential construction noted in April and carly May figures put out by | the leading building statistical service was largely financed by this extension | of credit on the part of the associations, | Bodfish said. ‘ GET APPROVED RATING Bus Depot, Store and House Com- mended by Architects. | A bus terminal building, a store and | a dwelling were given an approved rat- AIR CONDITIONING | Cool dry air. Complete installations | as low as $200.00 to introduce a new | president of the Washington | the money which they had invested in system. For Homes or Business Phone for Evening Appointment With COLUMBIA ENGINEERS Metropolitan 5626 the Baumer, . Breuninger & Sons. Bargain in New Brick Home 3664 Park Place N.W. Corner Quebec St. and Park Place (Opposite Soldiers' Home) Corner property. Southern ex- posure. New condition. Cash and Monthly $5000 r: enis Owner has also 16-room town property for sale. Open for Inspection by Appointment Phone: ADams 2750 A COZY BUNGALOW A REAL VALUE 3808 Eastern Ave. N.E—WOODRIDGE, D. C. bath, e. C. Line): then turn left on Eastern Ave. 1% blocks. Homeseeker . . . Reduced to $10,950 glass door. screens. NAtional 1265 1519 K St. NW. On a wide avenue, entirely detached on a big lot. it has six bright rooms— living room. dining room. kitchen and three nice bed rooms. full cellar, tiled nice porch, Frigidaire. GOSS REALTY CO. J. S. Eaton, Sales Dept. 1405 Eye St. N.W. Na. 1353 5513 30th Place N.W. Chevy Chase, Just North of Military Road A Value for the Thrifty Individual type home in a select Chevy Chase residential square. rooms; 2 baths, including shower with 3 large bed- Recreation .room with fire- place. Complete kitchen ; pantry; break- * fast nook; electric refrigeration; attic suitable for bedroom; covered porch; OPEN FOR INSPECTION WM. H. SAUNDERS CO,, INC. Dist. 1015 from plans drawn by Joseph | and a house at 802 Dahlia | street, designed by H. L. Edwards for L. Open for Inspection L. T. Gravatte Second bed rooms and tiled bath with shower. Lot 40x120. ga- rage i square to 14/h st. Cars. Waple & James 729 15th Realtor NAt. 0753 H omes an Fully Tmproved + + 7 ¢ 1226 14th St. NW. DI. 3346 “Homewnod” Aurora Hills, Ha. A Community With e« Back- ground of Fine Tradition. .. Homesites conveniently Localed VALUE... IN FOXALL When you think of value, you should think of not only first cost but of up-keep and resale, if it should ever be necessary. FOXALL excels in the following essentials, which assure you of lasting value and permanent desirability. CONVENIENCE—But 10 White House . . . con minutes by motor from the venient buses and street carf. ENVIRONMENT-®Permanently protected by parks, desirable neighbors. and 3 baths, maid's roo; EQUIPMENT—As modern self . . . drive out Qu 1522 K Street estates, and protective restrictions . o . PLANNING—Architecture *' arrangement of from 6 rooms and 1 bath to 8 rooms unusually ‘Commended” . . . excellent m and garage. as tomorrow, with gas heat, electric refrigerator, console gas range, copper screens. ‘TERMS—Made to fit your budget. ACT NOW—Visit our Model Home and convince your- e Street and Reservoir Road, make left turn at 44th Street, three short blocks south to 4410 Volta Place. 4 WAVERLY TAYLOR. %= National 1040