Evening Star Newspaper, May 18, 1935, Page 21

REAL HONE FIACIG GUDE EXPUNDE Home Loan Bank Board Counsel Gives Rules for Sound Procedure. A short-term monthly amortized loan on a fragile home property, & medium-termed loan on the average residence and a long-term loan on permanent, substantial and well-lo- cated property. This guide to suitable and sound home financing in the years ahead is set forth by Horace Russell, gen- eral counsel for the Federal Home Loan Bank Board, in an article in the May issue of Savings and Loans Journal, off the press this week. “It is absurd to make a 12-year loan on a nine-year house and it is almost equally absurd to insist upon a 12- year loan upon & 100-year house,” states Mr. Russell. “This plan of | mortgage lending will permit the ad- vertising of an attractive loan plan and will at the same time encourage the building of good houses.” The article treats of “Common | Sense Mortgage Lending” and be- | sides the suitable loan plan empha- | sizes the technique of appraisals for home buying in the current period. “A healthy condition cannot exist | if appraisal is to be on a forced-sale | basis,” he continues. “The scarcity of houses at present justifies giving substantial weight to replacement value of homes. No one could justify appraisals today on a level equivalent to that of ‘1928, but, on the other hand, no one can justify appraisals today on a basis of 50 per cent of re- production cost.” Other articles featured in the May Journal touch upon some of the most significant matters in home financing today, including the projected na- tional educational campaign of the | savings, building and loan business, | which is written of by Fermor S. Can- | non, Indianapolis, chairman of the National Publicity Committee; the problem of making sure taxes on mort- gaged properties are paid, for which a practical solution is presented by C. L. Thomas of Topeka, and the variable interest rate proposition for home borrowers, depending upon their | character risk, the type of property and percentage of loan to value, ex- plained here by R. D. Walton, Hous- | || ton, Tex. | The investment side of the build- | ing and loan business is treated in the articles by G. Vanderende, Berke- ley, Calif., on “Baby Bonds” and that of Edward C. Baltz, Washington, D. C, on “Lower Dividends and More Cash.” ESTATE. New Capitol Heights Bungalow Apartment ‘What is believed to be the first California type bungalow apartment built in the East was rrcen\ly com- pleted in Capitol Heights, Md., for Jacob Boyer, president of the Boyer-Shipley Motor Sales, The apartment was built by Ira Worthington, contractor, and is constructed of steel and stucco. It contains three aparte ments, one three rooms, one four rooms and one five rooms. Hints on Painting. Don't thin paint or clean brushes near a gas flame. Don't use inferior homes, George W. Alder, consulting | or“trsdium phosphate, or an equal | Prushes Chnlc leave a trail of bristles engineer of Good Housekeeping, heads | amount of sal soda mived with a gal- | in their wake. Don't use & new his list of practical suggestions with: | lon of water, will do the trick. ?rush ?;11 lhexn{flxhing coat. Break it = e - n on the priming coat. Don’t forget Keep the house painted to lessen de- Tosuranes Pioneacs that varnish and enamel brushes preciation. Do not wait too long to nsurance ' should be cleaned with turpentine protect surfaces exposed to the British insurance companies were | and shellac brushes should be cleaned weather. the pioneers of insurance in the world. | with denatured alcoh Urges Painting of Homes. Removal of Mildew. In response to the Federal Govern- Mildew can be removed from painted ) izati surfaces with a special solution of an ment's sppeal for modernization of |y I 1" ompound. One pound Special Announcement A completely air-condi- tioned house for $5,900 Automatic heat in the Winter; cooling in the Summer; and fltered, conditioned and circulated air throughout the year comes through the same unit specially designed for this house by the American Radiator Company. All electric kitchen includes General Electric cooking range and refrigerator; Standard three-compartment sink, laundry tub and electric dishwasher, electric clock and ezhaust fam, all built into a& specially designed Ozford Cabinet. The entire house is heavily insulated with Johns-Manville insulating materials, designed to reduce the cost of operating the air conditioning equipment. There are four rooms, a tile bath and a utility room housing the mechanical equipment, all on the first floor. The exterior is brick painted SMALL GARDEN PROBLEM SOLVED Residents of Chevy Chase Transform Site Into Moun- tain Retreat. BY HELEN FETTER COOK. It is more difficult to have a small garden that is really unusual than a large one. The true garden en- thusiast loves so many kinds of flow- ers and it is very easy to have limited space seem cluttered-up. One small garden where the prob- lem has been solved excellently is the one belonging to Judge and Mrs. John W. Norwool, who live at 4509 Elm street, Chevy Chase, Md. The garden seeker finds a real sur- prise when he follows the flagged walk around behind where the garage— covered with a rose vine—mimics the tidy whiteness of the house. Reach- ing a group of graceful trees, the visitor hears the persistent chuckle of a busy creek which flows through the heart of the Norwood garden. Bridge Is Removed. When Judge and Mrs. Norwood bought this home, about 18 months ago, a broken rustic bridge spanned the creek, giving a ragged scar across the face of a genuinely lovely wild spot. They took down the bridge. THE EVENING STAR, WASHINGTON, D. €, SATURDAY, MAY 18, 1935. The judge used part of it to build a rustic seat at the far west end of the garden, Here he had a pool dug 3 feet deep and about 8 by 12 feet in surface size. He had it piped to have a discharge point both at top and bottom. The result is that the pool is filled with crystal clear water all the time. At the wild end near the pool the Norwood garden might have been lifted in its entirety from a spot along any of the famous trout streams in the S8moky Mountains of Judge Nor- wood’s native North Carolina. Every tree, shrub and flower found there grows in that region. Several young hemlocks and spruces give dark, mys- terious woodsy background. Rho- dodendrons, laurel, galax, rattlesnake plantain and many ferns increase the effect. Small blooms include- trailing arbutus, partridge berries. lion’s tongue and several varieties of violets. Wild Flowers in Profusion. Farther down the Norwood's minia- ture ravine wild flowers, so completely in harmony with such a location, con- tinue in patches of rainbow colors on either side of the tiny banks climbing above the creek. Here Mrs. Norwood has velvet-hooded violets, white ones, Spring beauties, narcissus, wild geraniums, anemones of three kinds, bluets, three colors of forget- me-nots (pink, white and blue), shooting stars, wind flowers, bleeding hearts and columbine, their graceful petals swinging mirrored in the wa- ter, and, most prized of all, orchis spectabilis—"spectacular orchid.” On the bank near the house soft green grass makes a delightful carpet beneath the trees where robins and wood thrush that are astonishingl: tame have their nests. Roses, daffo dils, iris, lily of the valley and hy- Model Home, 2320 39th Street N.W. 20-foot all-brick; 8 rooms, 2 baths and rec Johns-| e rock wool. Copper screened, Westinghouse frigerator, gas furnace, Insulated with The kitchen the latest type Oxford C weather- electric 4 real REASONABLY PRICED EASY TERMS Furnished by the net re- bed REAL ESTATE., drangea nod cultivated heads in neat borders clustered close to the house. On the far side of the ravine, where a dogwood tree spreads its flakey white sunshade, rore wild flowers greet the eye. Tall butter-colored tulips make a sunny background beyond the shady ravine. Azalea, jack-in-the-pulpit, dark red trilium, red-bud, Solomon's seal, May apples, blood-root monk's hood and most of all the delicate blue of wild hyacinth form a covering with exquisite blends of color. ‘There are more than 500 bulbs brought from Mrs. Norwood's family home in Montgomery, Ala., planted in the porches as well as all the transplanted wild flowers. Also the flagged paths — winding stepping stones—are fascinating and so are the | two live green frogs who think they own the pool. According to the Judge, Greenie and Stripey believe the | pool their own property and take the garden for granted. Lo on Heating Engineer Needed. Heating is a branch of mechanical engineering. Only a competent radia- tor heating engineer is able correctly to estimate the boiler, pipe and radia- tion requirements of a house. . Boiler Meter Versatile. A new boiler meter records on a single chart the steam flow from the boiler, air flow supplied for combus- | tion, flue gas temperature. Record is also kept of total steam flow. $9,950 »» B—5 10-YEAR LEASE SIGNED- Commercial Office Furniture Co. Takes Entire Building. Leasing of the three-story and base- ment commercial structure at the southwest corner of Eighth and E streets for a term of 10 years to the Commercial Office Furniture Com- pany was announced today by Carl G. Rosinski, realtor. It was stated that following exten- sive alterations to the property. the company, which has been occupying the ground floor, will expand its estab- lishment to the upper floors. Applications and Tentative Commitments Invited for Mortgage Loans Insured by the Federal Housing Administration Frederick W. Berens Mortgage Loan Correspondent McLachlen Bank Bldg. Phone Dist. 3053 $9.950 6220 31st Street “A Home for the Bride and Groom™ ONE OF THE SWEETEST HOMES YOU HAVE EVER SEEN—CHEERFUL, cozy, AND YET THE ROOMS ARE ESPECIALLY COMFORTABLE — THE CONVENIENCES AND EQUIPMENT WILL HAVE TO BE SEEN TO BE APPRECIATED—SIX ROOMS —2 TILE BATHS—A KITCHEN YOU WILL FALL ROCK wooL REFRIGERATOR—GA IN LOVE WITH—ATTIC — INSULATION — ELECTRIC RAGE—UNUSUALLY Hecht Co. Modern Gas Appliances through the co-operation of the WASHINGTON GAS LIGHT CO. rooms, breakfast nook, built-in garage. Out Wisconsin Avenue to Calvert Street; left to 39th St. and Homes. Open Every Day 'Til 9 P.M. B. H. Gruver Owner and Builder white, the roof is slate, the windows are Campbell steel casements, and all The garage is detached, and the lot is 50 by 110 feet, The location is on 14th Street, Waycroft, Virginia, reached by driving out Lee Highway to Glebe Road: left about ome-half mile to Washington Boulevard and right three blocks to $ign—pointing to houses. LARGE LOT—TREES. Open Saturday and Sunday Until 9 P.M, Paul T. Stone, Inc. ‘Stome Built Homes Are Better Bu 3412 Rittenhouse St. FUNDS TO BE ASKED | [l piping is brass. FOR PRIEST STUDIES | ‘To raise funds for boys to continue | || their studies for the Catholic priest- hood. a city-wide appeal is being made by the Washington lay alumni of St. Charles’ College, Baltimore. The prog- ress of the campaign is to be reported at a card and bingo party in the BShoreham Hotel on June 3. Founded in 1832 on a tract of land Investment Building ; Telephone In the same block are five other houses without air conditioning but all with special features, containing four, five and siz rooms and priced from Sixty-four Hundred to Seventy-two Hundred Dollars, Clev. 9142 National 1737 These houses have been built by the E. V. Pugh Company, a corporation recently formed erpressly to build low cost houses of quality and distinction, They are for sale by M. Lazo—39 E. Wilson Boulevard, Clarendon, Virginia— and are now open for inspection. Daily and Sunday. given by Charles Carroll of Carrollton, “Life Begins in Country Club Grove” St. Charles’ College has played an im- Furnished by Hutchinson—Draped by Ligon portant part in the religious life of - - America. James Cardinal Gibbons | was an alumnus, as was Most Rev. | John J. Kane, founder and first rector | Beautiful Country Club Grove of Catholic University. The college is | conducted by the Sulpician Fathers. Very Rev. George A. Gleason, 8. 8., president of St. Charles’ College, is honorary chairman of the committee vice chairmen include Senator Mur- Each one of our Furnished Model Homes has been sold on its first presentation. The present exhibit home is open Sunday through the kindness of the purchaser. Visit it tomorrow— tastefully furnished by Hutchison’s, with draperies by Ligon—and inspect the other beautiful new homes now nearing completion, on which you may select the wall paper, electric fixtures, etc., to your own taste. At the most surprising low prices. ASTONISHING VALUES YOU CAN’T AFFORD TO MISS —homes and natural beauty absolutely unduplicable at these low prices. Only made possible by mass production and cash carload purchases. ray of Montana, George E. Hamilton, Edward Keating, Miss Mary Mattingly, Miss Mary V. Herrick, John Saul, Miss || Mary McGee, Judge Mary O'Toole, || J. J. O'Connor, D. J. Callahan end || Walter Beller. Chevy Chase, D.C. Near the Circle At Only $9’450 3611 Quesada St. A detached brick—six rooms and bath with show- er, screened side porch and garage. Large shade trees. J sl ay, mm die [ n Close to parochial and public schools. Open Today and Sunday To Inspect, drive out Conn. Ave. to Circle. rioht on Western Ave, to Quesada and house. J. LEE DONNELLY REALTOR Investment Bldg. JHOWING LOCAT/ON OF +++ SILVER STAR MODEL HOME- IN THE DISTRICT of COLUMBIA \ Natl. 3317 6501 Barnaby Street A SILVER STAR HOME Colonial t; bungalow with provision for 2 extra bed rooms and bath on second floor. Wood-burning fireplace, furred walls, built-in garage. Nicely landscaped lot. English type—step-down living room, wood-burning fire- place, tiled bath, furred walls, built-in garage. Deep wooded lot, artistically landscaped. 3745 Huntington St. N.W. A fine detached home in a community of fine homes—not new, but completely renovized— unusually large rooms well arranged for grac- ious living. There are six bed rooms, two baths, two- car garage and beauti- ful grounds. Nature has endowed Barnaby Woods with a beauty you will appreciate. Full grown forest trees, running brooks, inter- esting tolling terrain, dotted with dog- wood, combine to make a perfect setting for your home. Location in District of Columbia assures you every convenience. At prices ranging from $9,750 to 811,500 we are able to offer you six and seven room houses, with 2 baths, distinc- tively designed and carefully constructed. BLACK LINE JSHOWS THE MOST DIRECT ROUTE TO PROPERTY 1 K- s //ln‘.\\ We will build for you from your own plans or have our architects help you plan your own home. An Attractive Value at $15,950 Responsible purchaser may acquire with reason- able cash payment and the balance financed on one trust (like rent) until paid. You are invited to inspect this SILVER STAR Home any day from 2 pm. until9 p.m. Sundays, 10 a.m. until9 p.m. English type with studio living room, breakfast room. Facilities for a club room. Wood-burning fireplace. Furred walls. Large, wooded, landscaped lot. English t; with breakfast room. Large rooms. Furred walls, buiit-in garage. Provision made for recreation room. Attractive wooded lot—completely landscaped. Come Out and See for Yourself Why They Are Selling Fast TO REACH COUNTRY CLUB GROVE—drive along picturesque Canal Road, crossing Chain Bridge —straight ahead up Glebe Road 1 mile to development. Turn left into Forest Lane to exhibit home. Virginia Gardens Development Corporation—Owners and Builders W. S. Hoge, Jr., Agent—Clarendon 1135 Modern Gas “:'l.mu;mf;: Through Co-operai J Washington Gas Light Co. [ Model home Furnished in Early American Antiques. Rugs by Nazarian Bros. THOS. J. FISHER & CO., INC, AGENT 738 Fifteenth Street, _Nort.hwe-g « Phone Dlstrict 6830 J. Wesley Buchanan, Inc. Realtors. 916 15th St. BARNABY WOODS DEVELOPMENT CO., BUILDERS AND DEVELOPERS. MEt. 1143