Evening Star Newspaper, May 11, 1935, Page 22

B—6 * SAVING NSURAKE ADSHONE TERNS Local Guarantees by U. S. System Makes for Lib- eral Lending. Federal insurance of savings in- vested in hundreds of local home financing institutions not only has ex- panded the volume of private funds available for long-term home loans, but has made more liberal lending terms possible to home-owner borrow- ers, the Federal Home Loan Bank Board today asserts in a statement on the progress of the Federal Savings & Loan Insurance Corp. The report indicates that over half & billion dollars in savings, held by an army of 850,000 investors, is rep- resented in the 957 thrift institutions which have already applied for such insurance. The complete statement follows: “In order to protect several million small investors in thrift associations of the building and loan type against loss, the Federal Savings & Loan In- surance Corp., with $100,000,000 of capital, was created by Congress June 27, 1934. It provides insurance similar to that afforded to bank de- positors under the Federal Deposit Insurance Corp. Distinct in Application. “It does not involve Federal insur- ance of the individual mortgages held by such thrift institutions, and, there- fore, is wholly distinct from the mort- gage insurance provided by the Fed- eral Housing Administration. Subject to examination and approval by the insurance corporation, insurance pro- tection for their shareholders or de- positors is optional for State-chartered building and loan associations, but mandatory for all Federal savings and loan associations. “As of April 30, applications for in- surance had been received from 957 associations, holding aggregate re- sources of $568,471,170. Of the ap- plicant institutions, 472 are old-estab- lished building and loan associations, 298 of which have recently converted into Federal savings and loan associa- tions. Some 850,000 large and small investors, with average savings of about $640, constitute the depositors or shareholders of the 957 institutions which have applied to date. Of this number, 748 associations, located in 42 States, have already been approved and represent $307,045,150 of resources and the savings of 477,293 depositors or shareholders, each of whom is now | fully protected by insurance up to $5,000. | “Reports from the majority of in- sured associations assert that the im- mediate result of Federal insurance of their accounts has been a rapid increase in the amount of savings and the number of investors in their insti- tutions, and the almost complete ces- sation of withdrawals of savings by their shareholders. These ascociations also report that the amount of re- sources thus placed at their disposal is greater than the volume of appli- cations for loans for home refinancing, construction or modernization. “Accordingly, the institutions have, in many instances, reduced their in- | terest rates on home loans to the most | liberal terms which they have ever | offered, in order to serve a larger | number of borrowers, and thus keep their lending operations in step with the growing volume of their loanable resources.” HONOLULU STRONG FOR MODERNIZING| F. H. A. Associate Director Tells of Extraordinary Response in Hawaii. Pledges for modernization projects totaling $90.000 were obtained in Honolulu, Hawail, within the first| seven days of the program, according | to Ray Semmes, associate director of the Federal Housing Administration for the Hawaiian Islands. The program began April 8. By noon April 15, according to Mr. Semmes, the total had beer. reached. “I believe this to be a unique rec- ord of achievement for any section of the United States,” the message continued. “Due to co-operation of the Chamber of Commerce and other substantial citizens, was able to launch the campaign within five weeks after arrival. Honolulu ‘offi- clally extends appreciation to the Federal Government for making the Federal Housing Administration pro- gram available here.” Joseph B. Poindexter, Governor of the islands, and Mayor George Fred ‘Wright of Honolulu each issued proc- lamations to commemorate the open- ing of the modernization program. Both the Democratic Central Com- mittee and the Republic Central Com- mittee are supporting the movement, it is reported, and legislation is being drafted favorable to the mutual mort- gage insurance plan. Four approved leading institutions are participating in the moderization activity in Honolulu—the Mutual Building_and Loan Association of ‘Hawali, Bank of Hawaii, Bishop Na- tional Bank and the First Federal REAL ESTATE. Co. THE EVENING STAR, WASHINGTON, D. C, SATURDAY, MAY 11, 1935. Williara F. Friel has bought this center-hall plan home at 5904 Utah avenue from the Floyd E. Davis It contains six rooms and two baths. Colorful BY ELIZABETH LEWIS. HE words “Georgetown garden”™ have a colorful meaning to hundreds of people in Wash- States, in fact. These magic words bring a picture before the mind’s eye, a picture, often as not, glimpsed paths and brilliant borders, of shady trees and vine-cqvered walls. Such a garden hides behind the home of Eliot Wing Gifford of the Federal Housing Administration stad at 1418 Thirty-fifth street, and is still in the making. Imagine such luxuries as a cocktail terrace, a rock garden terrace and a hidden brick terrace for comfortable chairs in a garden 70 by 30 feet. Peter Hamilton, the designer. has produced in this small space an atmosphere of unostentatious ease and peaceful beauty, with very clever use of every inch. One enters the garden from the house down a flight of steps, for it has a decided slope and therefore is de- signed to bring one to rest, after the first descent, upon a cocktail terrace built of brick. The construction of this is & lesson for the amateur gar- dener. Before the bricks are set the | ground is leveled and dug out for 1!z feet. Hoard this soil for the perennial garden below and fill in the empty space with ashes, thus making a good drainage for the bricks which are to in with dirt. Wild violets will come peeping through these cracks. for uniformity of the type of stone and very firmly set. This is one of the first rules to remember in rock gardening. Gather your stones slowly and carefully and let the garden grow slowly. Heuchera rosmundi and cam- panaula (rotunda folia) do well here, but none of these plants is showy or rare and will do well almost any- where. On either side of the garden, flagged paths run between the center beds and border plantings cleverly managed to suit sun and shade. For the sunny side, violas, hollyhocks, sweet William, English daisies, gerani- ums, geum, roses, woodbine, clematis, mullen pink, garden pinks, Japanese anemones, achusa, lavender, Jack-in- the useful parsley make color and fragrance. For the shady side, a grape vine covers the fence with am- phylopsis and clematis, cow-slips, an- nual forget-me-nots, perennial gonias, argeratum, moock orange, spirea, lilac, rhododendron, azalea, mallow, burgomat and veronica cheer the dark places. Old fashioned flow- ers are used for preference throughout the garden and unity of design is ac- complished by planting every flower in its seasonal rotation three different places in the garden. For instance, if one group of zinnias is planted, 3837 28th St.,Mt. Rainier Detached brick home. Just being finished. Large lot. Price, $6,500. Open for inspection. Woodridge A beautiful brick detached home. Also detached garage. Just being built. Exceptional low price. $8450. Cash, $1,000. Balance $57.50 monthly. 2 Bradley, Beall & Howard Savings & Loan Association of Hono- Julu. Southern Bldg. NAt. 0271 HIGHWOOD A New Mikkelson Development in CHEVY CHASE, D. C. This select Chevy Chase location will appeal to the most discriminating. The homes offered set new stand- ards of excellence in construction, plan and details of refinement. De- Plans_and infor- mation at our office on the premises daily and Sunday. tached bri ck; 4 bedrooms, 2 baths; and,3 bedrooms, library with open fireplace and 2 baths. Parochial and public schools, churches, stores and iently near. Curtis Millwork & Lumber by W. T. Galliher & Bro. transportation are conven- Drive out_Conn. Ave. to Chevy Chase Circle, right on Western Ave. Rittenhouse St., property. G. F. MIKKELSON & SON . Ouwners and Builders MILTON F. SCHWAB, Sales 3353 Rittenhouse St. ClLeveland 1131 ington—all over the United | through a half-open gate, .of brick | be set loosely, the cracks between filled | The rocks were selected with care | the-pulpits, rock erebis, day lillies and | bE‘: A Garden Is Discovered and Artistic Place Hides Behind Georgetown Home. three are planted, thus in their season giving the effect of a background. Below the rock garden the grade is sharply cut away by a low brick re- taining wall, about four rows of brick. Here again soil pockets are left be- tween the bricks for wall flowers. At the foot of this is the old-fashioned sweet-scented perennials and annuals, such as bleeding heart, migonette, slips and cockscomb, canterbury bells, tratoma, digitalis, coryopsis and veronica. These and many others give the informal effect so much to be desired at home. Beyond all this a bird bath rises from a rose bed of 30 bushes, made colorful before rose time by tulips and violas. Flags are set about this bed flowers. Past this one comes upon a softly winding little path of flags which were pieces of concrete mixture dug up from an old building plot. This path curves between the rose bed and forsythia bushes which hide the last brick terrace from the house. In early April these forsythias give the garden its keynote of yellow. which is carried on by violas, with blue anchusas and blue grape hyacinth giving the needed con- trast. It is here this little garden ends on 4n adventurous note, with two blue gates set amid hollyhocks of very dark red and cream. BASE FOR W0OD POST Basement Problem Solved by Damp-proofing. When installing & wood-bearing post in & basement it is good prac- tice to rest it on a base that extends above the level of the basement floor. The base may be concrete, metal, rock or similar hard, durable material. If the base is pervious to water it is good practice to damp-proof it. This will assist in keeping floor dampness and water from the post and it will remain dry and sound. Otter Has Rare Color. A light-cream colored otter, which is rare in Scotland, has been trapped on the Isle of Mull. $8,950 5918 2nd P1. N.W. 6 splendid rooms with large closets, modern throughout, spacious porch and breakfast room, paneled recreation room; a brand-new house. See it today. Open Sunday 10 to 9 Weekdays 2 to 6 National 1439 fuchsias, baby’s breath, verbena, cow- | to make care easier and safer for the | jonquils and yellow | New Home on Utah Avenue Bought ~—Star Staff Photo. CAST-STONE METHOD TO BE SHOWN HERE Dupont Carillon Tower Uses En- tirely New Construction Idea to Gain Permanency. A small scale wall section showing the unusual application of cast stone in the beautiful 200-foot carillon tower being erected at Nemours, near | Wilmington, Del, will be a feature | of the exhibit of the Cast Stone In- stitute in the United States Chamber of Commerce Building May 15-17. The carillon tower, planned by the | late Alfred I. Du Pont, utilizes an entirely new method of construction. The walls are to be of cast stone § inches thick, backed by 12 inches of | cast-in-place concrete. The cast stone walls, in panels of approximately 415 by 15 feet, are erected one course at a time and act as one side of the form for the concrete. This new method of construction, engineers say, promises to revolution- | 12¢ building practice. It is especially | suitable for earthquake zones, where‘ | the anchoring of a decorative wall | & difficult problem. ‘The great tower, approxmately 26 feet square at the base, was designed by Massena & Du Pont, architects. Du Pont family lie beneath the base | of the tower. It is to be topped with | a powerful aviation beacon light. Plans were approved by the late Alfred | I. Du Pont shortly before his death. e | Water Heater Square. Square instead of round, a new auto- matic electric water heater is but 36 inches high, 21 wide, 22!, deep. has a porcelain top, usable as a work- ing surface, holds 30 gallons. | Corner Bungalow in Anacostia 1452 W St. SE. 5 Rooms Built-in Garage Only 15 and 20 minutes by ayto to Navy Yard, Capitol and Library. Take 11th St. car line S.E.. get of at W, walk east. Francis A. Blundon Co., Inc. 805 H St. N.W. Phone NAT. 0714 No. 1 Exeter Road Corner Exeter Road and Wilson Lane Situated on a beautiful corner lot, 75x148 feet, in a most desirable material to structure frames presents | || Crypts for burial of members of the | | 1e | i GLASS HEAT LOSS REDUCTION SEEN New Inventions Include Mul- tiple Glazing as Saving in Fuel Costs. New inventions are doing much to reduce heat losses from bulldings through glass. Just as the insula- tion of walls, floors and ceilings, a comparatively recent development, increased efficiency of heating and re- duced fuel costs, multiple glazing of windows now makes possible other sav- ings in fuel consumption. Interest of property owners is more widespread in this activity during the Spring and Symmer months, since many glass installations are made during warm weather, according to building authorities. 1t is possible that as much as half the total heat loss from a building may occur through glass areas, par- ticularly with the tendency toward the use of large and numerous windows in modern structures. With the recogni- tion of this fact, multiple glazing and the value of glass masonry increases in significance, because it offers a major opportunity for the reduction in heat losses in Winter. To Prevent Heat Loss. Several methods of window design and construction for minimizing heat losses have been developed, accord- ing to information furnished the Federal Housing Administration, which is insuring loans for the moderniza tion of existing homes and the con- struction of new ones. Storm sash is the oldest method in use. To be effective these sash must be tightly fitted to reduce air infiltration to a minimum, A variation of the storm-sash meth- od is the installation of two complete windows, each permanently installed and suitably weatherstripped. Some experts consider that the large space customarily used between panes in both the storm-sash and double-win- dow methods to be less effective than a more limited space, such as approx= imately one-half inch. Modern Variation. A modern variation of the storm- sash method is convenient in that double glazing is used in ordinary double-hung or casement sash, double glazing consisting of two panes of glass separated by suitable stops. Air within the space should be d tween the panes, and the two panes should be hermetically sealed. A vari- ation of this type of window is a spe- cially constructed double-hung or case- ment sash with a special rabbeted frame that permits the inner glass to LOANS . HOMES IN Per Month . . Including Interest 6660 Wisconsin Ave. the | hydrated to prevent condensation be- | New Director DEARING F. H. A. EXECUTIVE FOR THE DISTRICT. H. H. DEARING Of Boston, Mass, who has been named to succeed Joseph Karl Gilchrist as director of F. H. A. activities in the District. Gilchrist stepped up into the post of assist ant administrator. Dearing w: graduated from Colgate Univer- sity in 1916 and since has been engaged in the banking business in England and the Orient as well as in this country. He has been with F. H. A. since August. ~—Harris-Ewing Photo. | inclosing the dead-air space. The resulting reductions in heat loss due to double or triple glazing, | with approximately one-half inch air | much as 50 and 70 per cent, respec- | tively. New Zealand Hopeful. | year to be even better economically | than last. 4518 Klingle St. N.W. | Wesley Heights | 8 large rooms. 2 baths and lav- atory on first floor, maid’s room and bath, oil heat, in perfect condition throughout. Located on a gorgeous lot, beautifully planted, 100 by 150 feet. See i e i cellent neighborhood today. Open Sunday 10 to 6 National 1438 ' FIRST MORTGAGE . . for Construction or Refinancing MARYLAND Monthly Repayments $8.50 + Per $1,000.00 and Amortization The Chevy Chase Building & Loan Association Wis. 2488 Herringbone Oak Floors Step-down Living Room Ideal Kitchen Furred Walls Copper Gutters WE WILL CONSIDER YOUR HOUSE IN TRADE IN BEAUTIFUL CHEVY CHASE 8 Rooms, 3 Full Baths New Neo Angle Tub Marble Fireplace Weatherproofed Weather-Stripped REAL ESTATE. ROOF PAINTING EPDEMIC SEEN Paint Association Executive Holds Roof Deserves Deepest Respect. From the all-important pockethook | angle, the roof of a house deserves | the deepest respect, according to! Reuel W. Elton, secretary of the Na- tional Paint, Varnish and Lacquer after the shingles are laid it is im. possible to reach the under and hidden surfaces and full protection is not insured. Properly treated, the life of a shingled surface is more than doubled. “In recosting shingled roofs paint can be applied over stain, but the re- verse is not true—stain cannot be used on top of paint.” The fire-retardant qualities of paint are also pointed out by Mr. Elton in this connection. Paintless, dried-out shingles have a tendency to curl up and blow away. Shingles in this con- dition, in addition to admitiing wols- ture, are a great fire hazard. “Corrosion and decay readily gain a firm foothold on the tin roofs that do not have proper paint protection,” Mr. Elton warns. “Roofs of this type should be carefully inspected fre- quently for signs of such deteriofation and should be recoated with a quality | | be detached for cleaning the surfaces | space between the panes, may be as | Leaders in New Zealand expect this | Association, which is located in Wash- | grade of metal paint at the first symp- ington. tom of that form of roof ‘dilapidosis’— “A national epidemic of shingling | rust.” and roof painting is due,” says Mr. Elton. “Many roofs have deteriorated to the danger point, and there is no part of a house where neglect is more apt to result in serious damage. Fall- ing plaster and rotting framework | are among the usual consequences of roof leaks. It is the poorest sort of | economy to d:lay repair work when 1t has become necessary. And, if the property is being offered for sale, the roof is the first thing the canny real | estate buyer inquires about.” When new shingles are being ap- | plied, Mr. Elton points out, the| shingles should be dipped in a shingle stain or painted before they are set e. “This not only preserves , but prevents the cupping | of the shingles,” he explains. “When | stain or painted before they are set' Application Invited for Mortgage Loans Insured by the Federal Housing Administration Frederick W. Berens Mortgage Loan Correspondent McLachlen Bank Bldg. Phone Dist. 3053 WE WISH to call to your attention at this time a number of moderately priced houses and bungalows now under construction. Some nearly com- pleted in Edgemoor and Battery Park sections. Finest brick construction, slate roofs. Every up-to-date conven- ience. Some of the lots are shaded by fine trees. Price range from $7,250.00 to $7,950.00, with convenient terms. We shall be glad to have you call us for further information. CYRUS KEISER, Jr. 5211 Wisconsin Ave. CL. 5371 506 Quackenbos St.. See This Exquisitely Furnished Home AN APARTMENT can be no more convenient. Electricity has buried the ash man and the ice man, taken the heat out of the kitchen and put it in the stove. The seven generously proportioned rooms, with elegant recreation room and plastered and papered attic, together with the spacious porches, set a new standard for clever arrangement and artistic finish. The two bathrooms are sumptuously appointed, one with Neo-Angle tub. Of course, the heat is automatic oil, and the garage is built-in If properly financed we will con- sider your present house in trade To Reach—Drive out 5th St. N.-W. to Quackenbos St., left fifty feet to home. Open Daily and Sunday 10 A.M. to 9 P.M. WM. H. SAUNDERS CO.,, Inc. 1519 K St. NW. Dist. 1018 First Showing Today Outstanding New Home Values In English Type Studio Homes. o Exhibit Home, 5005 3rd St. N.W. ERE are the homes that you have long awaited and at a price that you can afford—homes that you will be sure to agree are the buys of today! Incorporated into them are all the latest innovations com+ bined with lifetime construction seldom found in moderate priced homes. SIX generously proportioned rooms, foyer entrance to living room , 16x18 . . . arched entrance to dining room . . . all electric heahth kitchen with G. E. equipment, breakfast alcove and cabinet equipment ... three real bedrooms, two exquisite baths with variegated tile floors, one hath with shower stall . . . a recreation room that will prove sen- sational—size 17x24 with beam ceiling, 3 windows and knotty pine full paneled walls . . . detached brick garage. Other luxurious appoint- - residential section is this lovely new all-brick home. Built of hard burnt brick, this home contains all of the most modern conveniences, such as bed room and bath on first floor, large side porch, two bed rooms and bath on second floor, slate roof, furred walls, metal weatherstripping, bronze screens, electric refrigeration, gas heat, insulated roof, built-in kitchen cabinet, open fireplace in living room. $10,750 To inspect, drive out Wisconsin avenue to Bank of Bethesda, left on Georgetown road to Wilson lane. " GOSS REALTY CO. 1405 Eye St. J.S. Eaton—Sales Dept. Open Daily _ and Sunday NA. 1353 Heated Club Room Large Closets Delco Oil Burner Concealed Radiation Come out today and inspect our furnished home. 6209 Melville Place To reach this home: From Chevy Chase - Circle out Brookville Road; 1 block past East Bradley Lane, to Raymond St.; turn right 2 blocks to houses. HARRY WARDMAN, Inc. (Agent) 1512 K Street DIstrict “3830 ments of these homes are Finestra steel sash, studio type windows, ‘marine lighting fixtures and Venetian blinds. BE SURE TO SEE THESE HOMES TODAY! Open Daily and Sunday, 10 AM.to 9 PM. TO REACH Drive out Kansas Ave. to Farragut St. Turm rioht two dlocks to these mew de luze home oferings. HARRY PORETSKY,. Inc. Owner—Builder E. C. BAKER—Sales After 6 P.M. Columbia 7979 HEATH HOME National 7135