Evening Star Newspaper, August 24, 1935, Page 17

REAL ESTATE. RULDERSPLAN * FALL COMENTON Shareholders and Directors Invited to Open Meeting In Cincinnati. The 2,000 executives of savings, building and loan associations and co-operative banks gathering in Cin- cinnati November 13-15 for the forty= third annual convention of the United States Building and Loan League will throw open one session to the thou- sands of shareholders and directors of the associations in the city and its surrounding towns, it was announced today by I. Friedlander, Houston, Tex., president of the league. An innova- tion in the national organization’s convention practice, the mass meet- ing at the city’s largest auditorium will be addressed by nationally known business men and statesmen. Keynote of the convention, accord- ing to Priedlander, will be national security through thrift and home | ownership, emphasizing the necessity for turning the average citizen’s thoughts to self-help, Leadership of the industry which represents $7,000,- 000,000 in assets will figure more prominently than ever before in the speaker list and at least two recog- nized economists will share the lime- light with these home financing notables. Topics of Discussion. Insurance of shares in associations, more flexible lending plans, policies of liquidity, trends of interest rates, the problem of home taxation and its relation to the associations, model accounting methods, and business de- velopment by means of newspaper ad- vertising and other media will be sub- Jects of discussion from the platform and at round tables. Holding their convention simulta- neously with the United States League, the Society of Residential Appraisers, numbering nearly 700 members in its five months of existence, will open its sessions to all savings, building and Joan delegates, according to word re- ceived by Friedlander, from Edwin Einstein, Fresno, Calif., president of the society. Discussion of prefabri- cated houses, trend of real estate values during 1935-1936, and the rec- ommended procedure for a residential appraiser, will occupy the attention alike of appraisers and home financing executives. Committee Reports. Standing committees of the league | which will make recommendations be- fore the convention sessions include the Committee on Economic Policy, that on Federal Savings and Loan Associations, Advisory Committee on State Legislation, the Committee on Titles II and III of the National Housing Act, and the Committee on Reserve Credits and Banking Rela- tions. Attorneys for the associations from practically every State in the Union will hold their special session through- out the second day of the convention, and simultaneously the State super- visory officials will get together for the annual parley of the National Asso- ciation of Buildings and Loan Super- visors, customarily held in connection with the national convention of the league. Other special meetings in- clude those of the advertising and accounting divisions. paes VARIETY OF DESIGNS IN LAVATORIES SEEN Fixture Much Improved in Looks by Ingenious New Styles. ©Of all the fixtures in a bath room, the lavatory offers the widest latitude for expressing the owner's idea of de- sign, the Plumbing and Heating In-‘ dustries Bureau points out. No other fixture is made in such a wide variety of styles and sizes. No | other plumbing fixture has been so much improved both in appearance and efficiency. The home owner who is taking ad- wvantage of the current low prices of plumbing fixtures, and the F. H. A. loan plan to bring the bath room'up ! to date, may choose between lavatories that are practically square or ex- tremely wide, lavatories that have round corners or cut off corners, lavatories with a pedestal base, a center china leg, or slender metal legs. The most welcome advance in lava- tory design has been the addition of shelf space on the fixture. This offers a most convenient and taste- ful location for toilet and make-up accessories. W. C. & A. N. Miller. Beautiful Wesley THE | Special Dispatch to The Star. OMAHA, Nebr.,, August 24—The | important part that painting and | decorating play in aiding eyesight is | emphasized in a recent statement by | Ray Isard, decorator of this city, who | is also first vice president of the Inter- national Society of Master Painters and Decorators. “It is not only important to have | adequate lighting facilities,” says ‘Isnrd, “but it is impergtive to have | wali surfaces that make the most | of that light. Al members of the | painting craft in the country are be- | ing urged to support whole-heartedly the splendid better light-better sight movement. Such backing is not only e benefit to every community, but a humanitarian service for those who, as a result, guard their priceless gift of good eyesight.” Isard calls attention to the fact that this movement applies not only to the home, but also to the factory and office, to schools and hospitals. In talking of such structures Isard | says window openings in the walls of | light shafts and exterior areaways | need particular attention. Many such “wells” receive little light and cause the rooms on which they open to be dim and gloomy. “When such areaways and light| shafts are painted white,” points out Isard, “a flood of light is reflected through the windows and the ad- Jjacent rooms are made much brighter. Seeing conditions are greatly improved | and efficiency is increased. “Owners of large office buildings | are becoming more and more con- | scious of the way illumination can be | increased by reflection and of the sav- ing of their tenants’ eyesight. This | has brought about the painting of the dark and dismal areas.” | _“Scientists have established the fact that unpainted red brick has a co- | = T 0 4639 Davenport N.W. 8,750 New detached corner brick home, Southern exposure, trees; contains six rooms, bath, large terrace porch, built-in garage, electric re- frigerator and screens. The terms of purchase are reasonable. Open Daily and Sunday | | Drive out Wisconsin Ave. to Davenport || st turn tett to proerty. | R B. WARREN 1108 16th St. Wis. 3068 | $10,950 semiDewached §$12,950 EXHIBIT HOMES 3153 Adams Mill Road To Reach: Drive out 16th St. to Irving St. ‘Turn left 3 blocks to Adams Mill Road. Right 1 block to property. BROWN BROS. DEVELOPMENT FEATURES Six Rooms, Two Baths- Detached Garage Solid Brick, Furred Walls Two Real Fireplaces Stall Shower Sanitas Walls Recreation Room Norge Refrigeration Toledo Gas Range 33 Base Outlets Oxford Built-in Cabinets General Electric Gas Heat Ideally located at the intersection of Adams Mill Road and Light Reflection by Painting Urged to Protect Evyesight efficient of light reflection of only 15 or 20 per cent, while the same brick painted with a high-grade white paint has a reflection co-efficient of 80 per cent,” Isard points out. He urges all owners of buildings to get behind the better light—better sight campaign by repainting dark areaways. “They will not only be rendering their tenants a real service,” Isard states, “but tenants will be easier to attract and hold as a result of the brighter quarters they have to offer.” S o Enameled Aluminum. Enameled aluminum sheet is used in a recently developed tile for kitchen, bath, etc. Made in individual pieces, it'’s said not to craze or chip, to be applicable to any fairly even surfac EVENING STAR, Heights Home Sold ||RENTSGRABFUNDS WASHINGTO Arthur G. Dezendorf recently purchased this beautiful dwelling, at 3001 Foxhall road, Wesley Heights, from The transaction was made through the offices of Boss & Phelps. —Star Staff Phcto. “MASS PRODUCTION” HOMES TO BE BUILT Small Residences Will Be Located at Lake Hiawatha, Near Caldwell, N. J. Ground will be broken during Sep- tember for at least 50 ‘“‘mass-produc~ tion” homes at Lake Hiawatha, near Caldwell, N. J,, according to Morton Kline, president of Troy Hills, Inc., developers. The builders anticipate an increased demand for the small houses, designed for Summer or all-year use, through the use of F. H. A.-insured mortgages. About 500 homes already have been built at the lake during the past three and one-half years. Other lake centers in New Jersey also have been active recently. | Ground was broken last week for two more stone cottages at Paulinskill | Lake, at Newton. A log cabin also is ! nearing completion. 4609 Rosedale Avenue Reached—Straight through Bethesda, four blocks be- yond golf driving course, turn right at Rosedale Ave. BETHESDA, MD. Three New, Detached Brick Homes. Full-Sized Rooms—Slate Roofs—Cellars. Monthly Payments Only ® Featuring: All-electric $47.50 health kitchen— living room with fireplace—porches—oak floors —electric refrigerator and blower for furnace — attic — large lot —garage —and remember, “Stone Built Homes Are Better Built” 3412 Rittenhouse St. 6515 MAPLE AVENE Paul T. Stone, Inc. cesie o IN OUR FOREST SECTION OF CHEVY CHASE Will be kept open for your inspection for one week. This is one of the twenty-seven new homes sold by us this season in two of Chevy Chase’s finest residential sections. This is a 4-bed-room and 2-bath home, new in home planning and designing, ultra modern in equipment which WE SELL FOR $14,500 ELECTRIC HEALTH KITCHEN D. C., SATURDAY, NEEDED FOR F0OD Baltimore Relief Unit Finds Grocery Money Goes to Landlords. BALTIMORE, August 24.—Only one out of every eight landlords renting rooms or houses to relief clients is ac- cepting the amount allowed by the Baltimore Emergency Relief Commis- sion for rent in its family budgets, the B. E. R. C. was told at a meeting this week, and the clients are “chiseling” on their food allowances to make up the difference. A survey by the People’s Unemploy- ment League of Maryland revealed that 647 families included in the study actually paid rents totaling $1,440.89 a week, whereas the total B. E. R. C. rent allowances for these families totaled only $867.03. “The difference of $573.86 weekly, or an average of 89 cents per family,” James Blackwell, league chairman, de- clared, “is being paid from the sums allowed for food.” The B. E. R. C.’s rental policy, he added, has been the subject of re- peated complaints, and the commission “has been gullty of serious neglect in its failure to address itself to the problem, which it was well aware existed.” A survey made by the B. E. R. C. some weeks ago to determine how closely clients were adhering to their budgets as a whole revealed a trend | similar to that cited by the P. U. L., though not to such a marked degree. It showed that 346 families studied were budgeted a total of $747.92 for “shelter” but actually were spending $1,020.11, or 37.6 per cent more than their allowances. The overexpendi- AUGUST 24, 1935. ture reported by the P. U. L. runs to slightly more than 68 per cent. the rent item, but Mr. Blackwell’s con- tention that the excess payments were being made up from food allowances was confirmed, &s a general trend, by the B, E. R. C’s survey. It showed that the same 348 families were budgeted at & total of $1967.41 for food, but actually spent only $1,602.82. FINANCIERS’ SCHOOL PROGRESS REPORTED Institute Expects Addition of at Least Dozen Local Units Soon. Addition of at least a dozen new local units to the American Savings, Building and Loan Institute this Fall by the time the regular sessions of this professional school for home financiers have begun is the program now under way, according to Charles P. Axtmann, Youngstown, Ohio, pres- ident of the institute. Already chap- ters and study clubs in 70 cities are conducting courses under the institute system, and the new expansion pro- gram anticipates equipping every city which has building and loan assets of $5,000,000 or more with its own facilities for technical and professional training of managers and stafl workers. Axtmann said that California now has 11, the largest number of chap- ters, while Illinois, second State in the number of local units, has seven chapters and study clubs. ‘Washboards Still Used. A recent survey of farm homes in Maryland showed that over half of the farm women still use the old- | fashioned washboard method of do- | ing the family laundry. Also 96 per cent of the families cook with waod ,and coal stoves, with about 42 per | cent using oil stoves during the Sum- ! mer months. 6212 31st Street N.W. Just off Utah Avenue $12,950 Center-hall brick, 4 bed rooms, 3 baths. vidually built home by owner, who personally supervised its construction. attractive environment. recreation room with fireplace, “Model Electric in Chevy Chase, D. C. Indi- Convenient location, Knotty pine panelled Kitchen,” furred walls throughout, first-floor den. Rock wool insulation. Side porch. Many special features and numerous added conveniences. Large lot, brick garage. Open Daily 1417 K St. NW. Boss & Phelps Until 9 P.M. Nat. 9300 REAL ESTATE. VALUATION THEORY TRACED TO 1000 A. D. Assessment on Basis of Income or Use Value Has Long History. According to Real Property, the official organ of the Real Estate Asso- ciation of the State of New York, assessing real estate for tax purposes on the basis of income or use value is not a new theory of valuation. It was used first about 1000 A. D. In 1933 the last vestige of the old ad valorem tax was formally abolished | in England. It had been inoperative for many years, but had remained on the books. The 1933 action removed it entirely from the statutes. In Italy the only vestige of the old theory is the ad valorem tax on “idle” lands—that is, lands held out of pro- ductivity as private game preserves, hunting estates, etc. ‘The tax program of the National Association of Real Estate Boards urges the income or use value of property as one of the major factors in arriving at & fair assessment for tax purposes. MODERNIZATION WORK ON BOOM IN NEWARK $1,670,771 in 3,679 Loans Is Total Increase Shown in Last Two Weeks. Newark, N. J, is taking to mod- ernization on a large scale. It has touched $1,670,771 in 3,679 loans. ‘This shows an increase of $271,024 in the last two weeks, or $135,512 each | week. Nine loans were made in New- |ark in the new classification above | $2,000 for the sum of $167,804. The Fidelity Union Trust Co. of Newark, which is the first bank in the State to have exceeded the half million mark in home repair loans, re- | ports a total of $597,264.72 on 1,083 notes. This provides the institution with $119,452 of Government insur- ance reserve to meet any losses which may occur. So far the bank has re- ported no defaults. The West Side Trust Co. has made 810 home modernization loans for $327,438; U. 8. Trust Co., 783 loans for $355,766, and the Federal Trust Co., 411 loans for $164,925. charming SHEPHERD P YOU have been seeking a new home . .. LOCUST ROAD, N.W. home which possesses that inherent integrity which makes it increasingly cherished as the years slip by . . . your search may well end here. There are six rooms, two baths, a recreation room and an oil-burning unit. The location, one of the finest in the District, is only a few minutes’ drive from downtown . . . and convenient to schools and shops. In keeping with the charac- ter of the home, the P. J. Nee Co. have furnished it exquisitely. We would suggest that you see it today or tomorrow . .. it will be an enjoyable visit. Drive out 16th Street to Locust Road Turn right one half block to home. [ ] “This Is An Electric Kitchen Health Home” L. E Breunin ger & Sons BUILDERS—REALTORS Investment Bldg. Presenting A NEW SILVER STAR NAt. 2040 4421 YUMA ST. N.W. ” 6 A community planned for the discriminating purchaser of moderate means, to whom environment is an all-important factor in the choice of a home. Landscaping by Furnished by Hutchison, Inc. + Price $10,750-Fe Quaint Acres deral Housing Financing Draperies by John F. Ligon We invite comparison of this home with any $16,000 property about Washington. j WHY PAY MORE? TO INSPECT Drive straight out Connecticut Ave. to Bradley Lane (at the Chevy Chase Club) turn left two squares then right on Maple Ave. to 6515. - Walbridge Place N.W., the homes command a delightful view of Rock Creek Park. Downtown Washington is only a 10-minute ride. Schools, churches and shopping district nearby. Drive out today. Make a careful inspection. We think you'll agree that they are the greatest home values Washington has ever seen! Driv; out Wisconsin Ave. to Yuma St. (at Immaculata Seminary), turn left 4Y; blocks to house. Open for Your Inspection Daily and Sunday from 10 AM. uniil 9:00. P.M. ' Built by~MONROE WARREN Earle M. Dawson, Sales ' . 1