Evening Star Newspaper, June 8, 1935, Page 24

B—8 REA I ESTATE, SAVINES CUARDE UNDERNEN LAW Federal Home Loan Act Ef- fects Held Beneficial to Many Investors. The new Federal home loan act gives strong impetus to the more general insurance of saving. held by millions of wage earners and salaried workers in thrift institutions of the building and loan type. according to & statement issued today by the Federal Home Loan Bank Board. The state- ment was as follows “The Federal Savings and Loan Insurance Corp. was created in June. 1934, for the purpose of in- guring up to $5.000 the withdrawable accounts of every investor in any duly insured thrift and home-financ- ing institution. By law. all Federal gavings and loan associations must be =0 insured. for the benefit of their ghareholders, but insurance is op- tional for State-chartered associa- tions. “Insurance of savings by the Fed- eral Savings and Loan Insurance | Corp. is wholly distinct from in-| THE EVENING STAR, WASHINGTON, D. C, SATURDAY, JUNE 8 1935 Interior of Home on Jefferson Street FANNY BRICE SINGS IN AS GUEST FRIDAY Comedienne Will Appear on Weekly Broadcast of Beatrice Lillie. CREASE SHOWN IN"34 MORTGAGES Savings, Building and Loan Associations Made Near $600,000,000 Total. REAL ESTATE. | to rehabilitation of the community | mortgage structure. “The approximate total building and loan assets at the end of 1934 stood at $6,611,839,168,” he writes, “a | decrease of only 524 per cent. In | view of the withdrawal situation early decrease in assets was not larger. From comments being received from various parts of the country now we are encouraged to believe that the period of liquidation is ended. “The number of members of build- ing and loan associations decreased approximately 1 per cent. This de- crease, likewise in the face of the withdrawal situation earlier in the mately 35 per cent over the previous year. Those States which report monthly to the American Savings, Building and Loan Institute show that this trend toward increased mortgages is even more pronounced | the first part of this year. Indications in the year, it is gratifying that the are that in the first four months of 1935 associations have made between 80 and 90 per cent more loans than in the comparable period a year ago. This leads to the hope that total lend- | ing operations will exceed a billion dollars in the year 1935.” Other important contributors to the June issue include W. R. Gibbon of Los Angeles, past president of the N. B. C. the airwaves after musical_comedy. front row visitor at almost Estimates that the savings, build- microphone Friday when Fan- | to $600,000.000 of mortgage loans last WO “birds of a feather” will I come together before the same | ing and loan associations made close ny Brice, veteran comedienne, In 1933 the comparable | figure was $435,000,000, it is pointed Like Miss Lillie, Fanny Brice is | out. a leading exponent of satirical buf- | foonery. She first came into promi- | journal of the American Savings, pruces a protege of the late Florenz | Building and Loan Institute, features D e ety ravriees fore [n the current ssue the estimated quarter of a century. The broadcast rjys, on the 14th will mark her return to | the United States Building and Loan an absence of League, many months. While away from the | from 34 States as of the end of 1934 microphone, she has been active in are the basis for the projected figures ‘The magazine, which is the official figures on the business by H. F. Cella- veteran secretary-treasurer of Complete data available given for the Nation as a whole. Com- Miss Brice has been an avid follower i " plete data will be available within a of Miss Lillie's series and has been & | few months. every broadcast at N. B. C. Radio City studios during the past three months. | At a recent broadcast the production Meanwhile the Cellarius estimate gives a hopeful picture with regard year, is surprisingly small, N. “Figures on mortgages made in mortgage lending procedure, 1934 lead to rather optimistic con- clusions as to the trend. The 1934 volume of new loans was approxi- year are given in the June Savings | appears as & guest artist on and Loans, off the press Thursday of | Beatrice Lillle’s weekly broadcast on | this week. a lending institution. - 3339-3343 Quesada St. N.W. Chevy Chase, D. C. New, detached, modern brick homes, convenient to both public and parochial schools, stores, churches with a bus line a few steps from the property. Very high elevation opposite Government park. Many unusual features—a few include bed room institute, and W. A. Biggs, Durham, N. C, in a symposium on current J. Puissegur of Shreveport, La., on ways to dispose of real estate held by This is a view of the living room of new home at 221 Jeferson street. The house. which has been fur- nished by Palais Royal, is one of & group of 10 new dwellings just opened by the Horning Realty Co. —Star Staff Photo. surance of individual mortgages under title 2 of the national housing act.| The latter insures pavment of prin=| cipal and interest of an insured | ortgage to the lending instiution. | ] 3 a 't xv?h:rins insurance of savings in A ,wlrlm would cause “blasts” in the con- instit - | trol room thrift institution safeguards its in e e vestors against loss, | ‘Bn(‘e may sing & chorus or two of | “Rose of Washington Square,” the popular ballad with which she became identified. and bath on first floor, steel casement windows, cop- per water pipes, the most complete Kitchen you have ever seen. Every modern convenience, Superior con- struction and finish. Priced at 13.250 and $12,500 Really worthy of your inspection. Built by Paul T. Stone, Inc. man 1n charge of the programs found it necessary to caution Miss Brice to “cover up” when she felt a laugh coming on for fear that her hearty 5929 3rd St. N.W. A New and Wonderfully Modern All-Brick Home $8,950 YONTAINING six large rooms with modern bath and new kitchen including electrical re- frigeration. Garage, slate roof, open fireplace, insulated attic and every modern bit of equip- ment. Fourteenth St. transpor- tation and only a few steps from a new Government Park. $5,000 Is Limit Set. “The cost of such insurance is paid | directly by the insured institution, not by the investor. Every person holding a withdrawable account is sutomatically insured up to $5000, if | ‘ his funds are placed in an msured P.M. institution. No investor can have his own individual savings insured in =M AL A ity = an institution which is not insured. ~1:00 |Stubby Gordon's Orch. “To date, applications for insur-| 1:15 u = ence have been received from more than 1.000 institutions. representing over $625.000.000 in resources, and ap- proximately a million shareholders or | depositors. Nearly 800 of these in- stitutions have already been approved for insurance. after examination by the Federal Home Loan Bank Board “Several important revisions effected by the new home relief act just ap- proved by President Roosevelt should greatly facilitate insuring against logs some 5.000.000 small investors in seve- eral thousand State-chartered asso- ciations which have not vet applied for insurance in behalf of their share- holders, but which are probably in- surable on the basis of their present sound management and solvent finan- cial condition * ok ok ok NEW dramatic series called “The 4 Sketchbook™ will make its debut |on Columbia June 14. Christopher Morley, author and journalist, and Virginia Verrill, will take part. The Symphony musical background will be provided | " “ :15 by Johnny Green's orchestra, {Radio Romeos A rdia Aces 2 el —_— WWORLD monetary problems will be Spenizh Bhviho discussed by fameus financiers Plaro Leons and industrialists in a special series i = 3 B. C. to begin Can the World Agree is the title of the broad- Eastern Standard Time. WOL 1310k Saturday, June 8. (Copyright, 1935) WRC 930k WMAL 630k | WJSV_1.460k AFTERNOON PROGRAMS Farm and Home Hour Madison Ensemble J. Wesley Buchanan, Inc. 916 15th St. ME. 1143 Al Pearce’s Gang Child Welfare Drama Sherman's Orchestra * x * % Realtors Week End Revue Westminster Choir The Village Green Music Guild Buffalo Presents Open Saturday P.M.—all day Platt and Nierman Sunday and each afternoon Belmont Stakes String Ensemble Pishing Trawler Pishing Trawler Music Guild Novelty Strings Music Festival Belmont Stakes Today's Winners on Money? | = casts. and evening thereafter. Phillips & Canby, Inc. Na. 4600 Xk “*['AXATION for Prosperits™ will be discussed by outstanding political and business figures in a new series of “You and Your Government' pro- grams starting on N. B. C. June 18, TRUSTEE’S SALE SI S iiver Jdtar 21 Cedar P i Model Home | The Chicagoans WoOoDWARD & LOTHROP W™IT™F anp G Steeets Puone District 3300 Hymn Reveries News Flashes Opera Quartet Music Festival Jean Brunesco's Orch., Golf Tournament Investment Bldg. Elsie Thompson . Frederic Willlam Wile One-Time Opportunities Fvening Rhythms LR Frank Dailey's Orch, Our American Schools Sunday School Lesson T Temple of Song Westminster Choir Temple of Song G Bavarian Orchestra Evening Star Flashes The Master Builder EVENI ‘Evening Album Our National Parks 7e | /1@ Sundown Revue ‘Nnr(}‘lcn (?.rthesm ‘ lslt t’l‘/ _Songfellows > PROGRAMS, Arch McDonald Radio Rostrum San Diego Symphony Premium Cost Reduced. . Scores—Music Jimmy Allen Musical Interlude “The most imporiant step taken by ! the new measure in making o150 per cént in the annual premium Sport, Parade B Corle 50 per cen e ann remiu 2 . a2, y cost to insured institutions. The new The Hit Parade ’lm _Spitalny’s Orch. Amateur Show i te is { 1 per cent A | " premium ra only. /a0l “Our Supreme Court™ News Spotlight e 5 Modern Minstrels th sured i h v gfmc :nnz:h‘r]\'.g"r an ditor b o * Dorsey Brothers' Orch. 7 2 V.F. W nstrels Chevy Chase, Maryland B nne = o R v el i 4:00 P.M. Monday, June 10 Eangisisty Fariod bo such amount. Under the new meas- California Melodies | . ; 3 ) By : : s Symphonic Ensemble Very fine residence. 3-story detached frame dwelling. 00 Wal' f ot ro g 9 unusually large rooms—3 baths. 2-car detached P ure the maximum annual assessment Chicago Civic Opera i garage. 1 likewise reduced from ' of 1 per cent to !z of 1 per cent of the insti- This is beautifully located in the old section of Chev; Chase and overlooks the golf course. Today in Sports Reg. Newton, songs Sunday School Lesson Estelle Wentworth Dinner Music Al Jolson !National Barn Dance Al Jolson |National Barn Dance Canadian Fiesta tution's aggregate shareholder and creditor liability. “Equally important in speeding the protection of savings in a larger number of building and loan institu- tions, through insurance. is a provi- sion in the new act which makes | $300.000.000 available for direct in- vestment in Federal savings and loan associations or in insured institutions under State charter, or in members of the Federal Home Loan Bank System, or for the purchase of Federal Home Loan Bank bonds. notes or debentures “A further amendment in the new Federal home relief act provides that | dividends may be declared and paid to shareholders of irsured institutions, Care Free Carnival Edwin Rogers Ben Bernie's Orch, Dance Rhythm & 9 News Bulletins il 5 News Flashes 10:00 Senator Clark of Mo. Je! Hour Archie Bleyer's Orchestra Corlin Tiee's Orch. 5 10:15 Ace Brigode's Orch. S e T | 10115 10:30 Moe Baer's Orch. Ray Noble’s Orch. Claude Hopkins' Orch. Dance Music | 10:30 10:45 G o e e « . | 10:45 11:00 Reggle Child's Orch. Lotus Orchestra In the Barn Loft Dance Music | 11:00 11:15 e (i yis iy Sports Flashes | 11:15 11.30 Paul Pendarvis' Orch. Slumber Hour Ray Herbeck's Orch. Dance Music | 11:30 11:45 el e = R 11:45 12:00 Sign Off Sign Off Sign off Good Night 12:00 12:15 | 12:15 12:30 | | 12:30 | For particulars. see the Maryland News of June Tth or call— The Federal-American Company Real Estate 1429 Eye Street Phone NAT. 9666 |DAIRIES TO BE LICENSED the, Babeock tects or other burtertat MAJOR FEATURES AND | | test. when such tests are used as a The Economical, Convenient Wdy even when losses are chargeable to re- serves, if the declarations of dividends under such circumstances is approved by the Insurance Corp. “Under another amendment the In- surance Corp. is authorized to make loans or contributions to or to purchase the assets of an insured in- gtitution in order to prevent a default, or to restore an insured institution which is in default witkout recourse to liquidation.” 283 MODERNIZATION PLEDGES REPORTED Promises to Carry Out $70,750 of Improvements Obtained by 112 Workers. Washington Better Housing Cam- paign headquarters announced today that the 112 workers in its moderni- zation canvass ootained 283 pledges during the past week. It was esti- mated that these pledges promised to carry out $70,75) in improvements to home and commercial property. Miss Elizabeth Wheeler, F. JI. A PROGRAM NOTES. Walter Huston, Ernest Truex and Trene Bordoni, stage and screen stars, will take part in Al Jolson's program over WRC at 8:30. Jimmy Braddock. contender for the world's heavyweight will be interviewed by Thornten Fisher Maryland Law Names College Dean Administrator. All types of dairy plants in Mary- land will be licensed under the pro- visions of a law passed at the last session of the General Assembiy, championship, Which became effective June 1. it is announced by Dr. Harry J. Patterson, during the Sport Parade program on dean of the Collegs of Agriculture WRC at 6:45. WJSV will broadcast at 6:30 a spe- | cial concert by the San Diego Sym- | phony Orchestra under the direction of Nino Marcelli. of the Universitv of Maryland. who is charged with enforcement of this act. This law provides alo for the licensing of all weighers and samplers Representative Rankin, Democrat, of in such plants ard all operators of Mississippi, will present the “Radio Restrum” program on WJSV at 6:15. N. R. A. legislation will be discussed | over WRC at 10 by Senator Clark, | Democrat, of Missouri. Rubber-Coating Jacket. Protection of articles in shipment or storage is lent by a new non-inflam- mable liquid which, after application, turns into a water-proof, air-tight coating of live rubber. It is sprayed. dipped, or brushed on, is said to strip off cleanly, easily. fleld worker, .n charge of the cam-| paign, stated that the workers inter- | viewed 4.112 property owners during the week. Miss Wheeler said the week's activities brought the total pledges of the campaign to 3,707, and the valuation of work to #325.750 More than 48,000 people have been interviewed in the three and a half wmonths of the canvass. New Rural Refrigerator. Freezing unit of a new refrigerator for rural homes consists of two metal balls joined by a metal tube. Heating the “hot” ball forces the refrigerant {nto the “cold” ball: the latter cools the cabinet as the refrigerant vapo- ¢izes and returns to the “hot” ball. LOOK FOR R | Peach Color for Bed Rooms. Peach is an especially pleasing paint color for the walls of a bed room. An even lighter tint of the same color for the ceiling and white for the | woodwork comprise a combination that makes a very flattering background. |RENOVIZE .., your home, Renovizing Fizthy-six Years. - EBERLY’S. 1108 K N.W, ' Dignify your home, Phone THE HOME THAT INSURES Washington Gas Light Co. @ Georgetown Gas Light Co. DISTRICT 6357 | Eberly's” | 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 115-B community. Center-hall Colonial, three hed rooms, two baths, also 2 finished rooms on third floor, first floor den, large 1 living porch and artistic recreation room in basement—well lighted and heated. Oil burner, electric refrigerator, two-car garage. to schools and transportation. Open Today and Sunday EDW. H. JONES & CO., Inc. Exclusive Agents 5520 Conn. Ave. West Woodbine Street Chevy Chase, Md. $13,750 We invite you to inspect this excellent re the Clubs, in the wooded section of t basis of payment for milk or cream or are made for official inspection, or are for public record, according Dr. Patterson. Six large rooms; two baths; built-in garage; insulated; weather-stripped; screened, A real home, Open for Your Inspection Directions: Out Wisconsin Ave. to Bethesda, left on Leland St. CYRUS KEISER, Jr. 5211 Wisc. Ave. Clev. 5371 idence, located between high class residential ing room with screened Close Cl. 2300 to Borrow Money ACACIA REAL ESTATE LOANS NO GOMMISSIONS or OTHER CNARGES oxeept title expense and small appraisal fee A Definite Monthly Payment A Definite Payment Date A Definite Time of Maturity ACACIA offers three plans: One, at the rate of $6.15 monthly per $1,000, paid up in 25 years; another at $6.90 monthly per $1,000, paid up in 19 years and 11 months; and a third at $8 monthly per $1,000, paid up in 1514 years, For example: On a $4,000 loan you pay $24.60; or $27.60; or $32 per month, ac- cording to the plan decided upon. You also have the special privilege of making larger payments or paying off your loan completely at any time. Under these money-saving plans you pay back a little of the loan each month, and interest only on the outstanding principal, so that after a time the loan is all paid and you do not owe a cent. Be sure to ask Acacia about this feature. Acacia loans are available to owners of satisfac- torily located properties in Washington and nearby Maryland and Virginia. The $6.15 per $1,000 plan is available: only on new properties or properties recently completed. Call at Mortgage Loan Department ACACIA MUTUAL LIFE INSURANCE CO. Assets More Than $56,000,000 1437 K Street N. W. Washington, D. €. The new Silver Star Model Home, 14 East Le- land Street, Chevy Chase, Md., is completely fur- nished by Woodward & Lothrop. this modern home, and Plan to visit see what really delight- ful interior schemes the Woodward & Lothrop home furnishing service can achieve. Keep Your Home Cool With Johns Manville Rock Wool Insulation Johns Manville Rock Wool Insulation will make your home cooler this Summer, easier to heat in Winter and more comfortable the vear 'round. Rock Wool, installed by the pressure method, insures complete coverage and insulation in every crack and crevice between the walls—makes your rooms up to 15 degrees cooler in the Summer. And this same insulation rids your home of cold spots and dangerous drafts in the Winter and saves on heating costs. Our scientific method of installing this modern insulation will not disturb or dirty your home. With Custom-Made Awnings Awnings protect your rooms from the glare and heat of the Summer sun, and contribute much to the cool, restful comfort of your home. . .custom:made awnings provide an inviting coolness and an additional at- tractiveness to the exterior of your home. When you select Woodward & Lothrop cus- tom-made awnings, you know you will se- cure the best obtainable in quality, work- manship and appearance. Only experienced designers and makers handle them, and only the finest materials are used. Telephone Dlstrict 5300 to secure an estimate or further information— Convenient Terms may be arranged. HoMe IMPROVEMENT DivistoN Orrice, SeveNTH FLOOR.