Evening Star Newspaper, October 12, 1935, Page 24

" B8 FOUR PASS 1000 AR FORLOAS Financial Institution With 39,068 Extensions Tops Modernization Drive. Four financial institutions making modernization loans insured under the provisions of the national hous- ing act bave passed the 10,000 mark, 3t was disclosed today at the Federal REAL . ESTATE. THE EVENING BTAR, WASHINGTON, D. C, SATURDAY, OCTOBER 12, 1935. Residence in New Grasslands Development Housing Administration. First Bank Credit Corp., of St. Paul, | Jeads with 39,068 loans totaling, in | yound figures, $9.579.000, with Bank of America of California in second | place with 22873 loans, totaling $8.- | 543.000. National City Bank of New | York is third, with 18,590 loans, total- | ing $7,910,000, while Heating, Plumb- ing & Finance Corp.. of New York. in| fourth place with 10,573 loans totaling $5.477,000. All of these institutions | represent individual groups, each mak- | ing loans through & number of | branches. Although it occupies fifteenth place n the list, Industrial Bank & Trust Co. of St. Louis leads all individual banks with 2,970 loans for a total of $1,102000. Second highest of the individual bank groups is the Man- chester Bank of St. Louis with 1487 loans, for a total of $723,000. 38 Exceed 1,000. Altogether there are 38 financial in- | stitutions in the country which have | made more than 1.000 modernization each. Included are 10 credit panies. ‘These comprise 194528 loans for a total of $66.708.000 through August 31, 1935. This total number of loans is about 54 per cent of all modernization and repair notes of §2,000 and under. The dollar volume is about 50 per cent of the total of 81l such notes. There are 13,796 ap- proved financial institutions eligible to make modernization loans under | the Housing Administration’s plan. Prior to enactment of the law, less than 150 institutions made this type | of loan. The leading 38 financial institutions and their totals are First Bancredit Corp., St. Paul, 39,068 loans. $9.597.067.15: Bank of “America National Trust & Savings Association, San Francisco, 22,873 loans, $8,543,007.50; National City Bank of N. Y., New York City, 18,590 loans, $7,910,012.95; Heating, Plumb- ing & Finance Corp. w York City, 10573 loans, $5.477,237 Con- sumers Credit Co., Los les. Calif., 0,886 loans, $3,088,596.66: American Trust Co., San Francisco, 9.328 loans, $2,676,623.02: Security-First National Bank, Los Angeles, 9,070 loans, $2.- 984,365.57; Morris Plan Industrial Bank, New York City, $2,399,606.62; Holland Credit Co., Hol- land, Mich, 5973 loans, $1758,321; Johns-Manville Credit Corp., New York City, 5,967 loens, $2.094,291.56; R. & S. Purchase Corp., New York | City, 5,330 loarm, $1,710,181.70; Sears Finance Corp., Chicago, Ill, 4.667 loans, $1,689,403.83; Stratford Accept- ance Corp., Stratford, Conn., 4,197 loans, §1,301,352.24. | Additional Firms. | Union Planters National Bank & Trust Co., Memphis, 4113 loans, $1,386,124.69; Industrial Bank & Trust Co., St. Louis, 2,970 loans, $1,102,- | 846.44; Timken Acceptance Corp., De- troit, 2,627 loans, $1,280,940.91; Valley National Bank of Phoenix, Phoenix, Ariz,, 2,608 loans, $929,347.98; Bank of the Manhattan Co., New York City, 2227 loans, $1,248,043.78; First N tional Bank, Seattle, 2,187 loans, $695- 168.30; Residential Finance Co. San Francisco, 1,912 loans, $458,168.30; National Shawmut Bank, Boston, 1,810 loans, $698,017.50; Bird Finance Corp., East Walpole, Mass., 1.806 loans, $649,930.99; Housing Credit Cor Cleveland, 1,738 loans, $102,138.3 California Bank, Los Angeles, 1,607 | loans, $780, 059.42; Fidelity Union ‘Trust Co., Newark, 1,517 loans, $668,- 158.16; Manchester Bank of St. Louis, St. Louis, 1,487 loans, $723,756.96. First National Bank of Atlanta, 1383 loans, $554.585.! Industrial Morris Plan Bank, Detroit, 1,363 loans, $641,433.38; First Bank & Trust Co. South Bend, Ind., 1261 loans, $307. 108.06; First National Bank of Port- land, Portland, Oreg., 1,251 loans, | $343,213.34; Southwest Bank of St.| Louis, St. Louis, 1,215 loans, $303.- | 656.35; the Morris Plan Bank, Balti- more, 1,189 loans, $482,925.31; United States National Bank, Portland, Oreg., 1,142 loans, $402,046.82; Morris | Plan Bank of Virginia, Richmond, Va., 1,069 loans, $442,725.75. Iowa Des Moines National Bank & Trust Co. Des Moines, Iowa, 1,063 loans, $302, 851.68; First National Bank of Idaho, Boise, Idaho, 1,046 loans, $233,722.47; | Mississippi Valley Trust Co., St. Louis, | 1,021 loans, $412,915.55; West Side Trust Co., Newark, 1,008 loans, $346,- | 65447, | | —_— o Postage Stamp Linoleum. Inlaid linoleum which carries on its back its own adhesive for laying is now available. It is laid directly to| wood or concrete floors (above grade) | simply by moistening the adhesive. | 6.396 loans,q - [ 1913. In relation to farm real estate One of the new homes in Monroe Warren's Grasslands development Jocated at 4420 Yuma street, was purchased by Mr. and Mrs. T. G. Lee. 1L contains which he recently sold. This home, six rooms and two baths. —Stlar Staff Photo. Farms for City Workers Launched Near Ashton, Md. design it is a combination of Cape Cod and Colonial types, and has every modern convenience. It provided a cellar large enough fora recreation deputy | room or a space for storage of “farm- 5 for the ette” products. There arc three bed east of Ashton, ! , two baths and a combination City-Baltimore ' living-dining room, one end of which is paneled and has a fireplace and Dutch oven. Another feature is an outdoor fireplace located on a flagged terrace surrounded by a picket fence The architectural style of the home has been repeated in the barn. There is ample ground about the house far vards, flower and vegetable garden chickens or maybe a horse and a cow. Conner plans to build three more houses in his development «mall farm development might have ad- been A novel where city vantages of cou started by Ch E superinten of i istrict, a t a mile on the Ellicott ha or Md road. The houses are to be located on two- acre tracts containing strips of wood- land, and with a combination small barn and garage in the rear of each house. It is the first “farmette” de- velopment to be started in the Capital section. One house already has been com- pleted. It is an attractive structure of brick painted white. In architectural FARM REAL ESTATE TAXES SHOW DROP Levies Per Acre Decrease 5 Per Cent From 1983 to 1934. Average farm real estate taxes per | taX- acre the country over decreased 5 per cent from the levy of 1933 to that of 1934. The decline in the 1933 levy compared with 1932 was 14 per cent. The figures are from a study by the Bureau of Agricultural Economics. The 1934 figure stands 36 per cent below the 1929 peak. says the bureau, but 54 per cent above the base year, did taxes per acre. The 1929 levies per $100 of “true”, value were 116 per cent higher than in 1913. From 1929 through 1932 taxes per acre declined, but farm real estate values went down more rapidly Uniform Tax. values, taxes reached their highest point in 1932 and have since declined 26 per cent, but in 1934 were still more than 100 per cent above 1913. Average taxes per acre rose 141 per cent from 1913 to 1929. The rise was rapid from 1914 to 1921, but more gradual during the decade of the 20s. ‘The upward trend halted in 1924 and in 1926, but each time resumed the former course. \ Farm real estate values began a de- cline in 1921 which continued through 1932. As a result of this movement, | taxes in relation to the values against | hi th 2110 LeRoy Place FOR SALE: Magnificent home on LeRoy Place. 25 rooms. 5 baths. Exposure 3 sides. Beautiful reception room, running the whole width of house. Servants’ quarters and bath. Hot- water heat. Large closets. Two inclosed porches. Din- ing hall—banquet size. 2 open fireplaces. Ideally suited for entertaining or a small embassy. This prop- ery MUST be sold to settle an estate. For full information, apply National Savings & Trust Co. Real Estate Department 15th & New York Ave. N.W. baths. convenient terms. home. fmes L [) I \ il N cordially invited. 1440 Locust Road, N. W. N DIGNIFIED Colonial Home of Georgian design which we have te- cently completed in Shepheed Park. T here are four bedrooms. Your inspection is “An Electric Kitchen Health Home” Drive out 16th St. to Locust Road and turn right ome block to home. N L. E. BREUNINGER & SONS 1515 K St. N. W. Only $114 Brick Construction Three Bed Rooms o Tiled hs ireplace ele Aluminum L i g hting Fixtures No Unsightly Radi- tors Width. peg- rs Throughout El-ctrically d_Kitchen veri| of NAt. 2040 l DATA ON New | £100 of value) rose more rapidly than | Priced from $11,500 upwards. DIRECTIONS—Drive traffic light, turn left on old Georgetown Roed at Women's Farm Marhket, turn left on Wilson Lane teo property. F. H. A. ASKED Zealand Official. Studies U. S. Agency. From “down under” has come a request to the Federal Housing Ad- | ministration for intormation on its activities. Far off in Wellington, New Zealand, the Right Hon. J. G. Coates, the| minister of finance of the govern- ment of New Zealand, wrote a letter that has been received in Washington asking Uncle Sam's agency for any information to be had on how house medernization and renovation is be- ing stimulated as well as the details of low-cost housing projects. The Right Hon. J. G. Coates. the minister of finance, stated that in New Zealand they “are intensely in- terested” in the reports of what we are doing in this country. Nominates Self, Elected. MOSCOW. Idaho (#.—John Elder of Coeur D'Alene. freshman at the | University of Idaho. set a unique example for the current political crop —and got himseif elected. Elder | nominated himself for class secretary | because, he said, “the fellow who was supposed to do it fell down on of applause. Display house open daily until 9 P.M. Contains ELECTRIC HEALTH KITCHEN—4 bed rooms, 2 baths (shower in each), maid’s room, etc. - out Wisconsin Ave. CAFRITZ CONSTRUCTION CO. Phone Wisconsin 5204 “The Talk of Washington” il i EXHIBIT HOME—6121 14TH STREET N.W. 'ONDERFUL New Homes Wwith A delightful location overlooking Rock Creek Park! cleverly arranged rooms—two colorful baths—wood paneled walls— step-up dining rooms—a modern and really the most unique modern homes ever built in Washington. &3 DRIVE OUT NOW! Out 16th St. to idan, right to 14th and right to homes. Open Daily to ® PM. to MODERN LIGHTING RAISES EFFICIENCY Experts Cite Benefits to Of- fice Personnel—F. H. A. Loans Available. Modernization of the illumination systems in office buildings has pro- duced improvements in per- sonnel efficiency, according to lighting experts. Through the provisions of the Ped- eral Housing Administration’s amend- ed modernization credit plan, funds are now available at private lending institutions with which building own- ers may equip offices with the most recently developed lighting systems. Through a Nation-wide educational program, business executives have been acquainted with the need for adequate lighting, not only from the health standpoint but also as an in- vestment. It has been established that a worker can function more effi- ciently in an office where there is no inconvenience or discomfort because of glare or shadows which produce eyestrain. Indirect Lights Used. The modern trend is toward the replacement. of outmoded ceiling fix- tures which furnish glaring, spotty light. Definite economies are effected in many cases by the installation of shadowless, indirect lighting which eliminates the need for individual desk | lamps, an item of considerable cost in officers where there are scores of work- ers. Private funds adequate to mod- ernize the lighting systems in office buildings are now available at lending institutions approved by the Federal Housing Administration in amounts up to $50,000, depending on the need | and credit standing of the borrower. | Regulations governing the plan al- low the installation of wiring, outlets and fixtures. It is frequently found advisable when installing modern in- | direct lighting to make improvements | to ceilings. Rooms that were for- merly dark and gloomy may be transformed into a cheery, brightly jlluminated room where work is a pleasure rather than a task. Econemies Effected. Definite economies are realized out | of modern lighting installations. Where formerly hundreds of small lamps were required modern lighting sys- tems concentrate wattage into a mini- mum of lamps giving a maximum of | light. The saving in appliances and lamps, therefore, is obvious. ; Complete information concerning the most recently developed technique in office illumination readily may be obtained at an electrical equipment concern, any qualified electrical con- tractor or retailer. Pull details con- | cerning the financing of such modern- ization projects through the amended modernization credit plan may be ob- tained at any office of the Pederal Housing Administration or any co- operating financial institution. —— Cycle Tracks Hit. Cyclists of Englanc are protesting Peru has established a uniform alien the job.” He was clected amid & wave | against the prorosed cycle tracks alongside highways. GREENWICH FOREST 20 Motor Minutes From Downtown Wide, deep, modern lots, beautiful homes of architectural harmoay, built and equipped with the finest nationally known materials—sensible protective restrictions—convenient to stores, schools and churches. Homes range in size from 6 rooms and 2 baths to 9 rooms and 3 Financed by any desired plan on Bus transportation, Before you make your final decision—visit Greenwich Forest, where you can buy or build for at least $2,000 less than price asked for any comparable Bethesda Developers Architects I o DANGER OF ACCIDENTS IN HOME ARE CITED 29,500 Fatalities in 1933 Esti- mated, With 130,000 Receiving Permanent Injuries. In 1933 about 29500 fatal acci- dents are estimated to have occurred REAL ESTATE. e ————————— FOUR NEW INSTITUTE UNITS CHARTERED |Nearly 2,000 Building and Lean Workers May Train Selves \adelphia. was instrumental in organe |izing the group; John R. B. Byers, |formerly director of insur- |ance for the Federal Housing Admin- istration and instructor for several of the New Jersey and New York insti- |tute units, sponsored the Monmouth chapter; Ralph S. Eickelberg, past president of .the Iowa Building and | Loan League, was the leader in Water- in Home Mortgages. {loo, and J. H. Fletchvr, secretary of in houses. There were about 4,230 000 accidents, of which about 130,000 les permai.ently injurious effects. A very large percentage of these came about because of the dilapidated con- dition of stairs and halls. The number of such accidents can be cut down materially if people re- pair their nouses, and it may be ac- Nearly 2000 executives and siaft the Jackion County Building and workers in savings, building and loan | Loan Association, in ‘Medford, will | ussociations have m new w“m‘,itake the responsibility of nstructing |to train themselves. for coming re- |bis local unit. | sponsibilities in home mortgage lend- e ing as a result of four new local units btk dadinad B\n!dlng: y nflSunfluwers for Cattle. |and Loan Institute chartered the past | SUnflower seeds are being collected | week, according to A. D. Theobald, |\ Russia for cattle food. complished at little cost through the Chicago, director of education and | use of the Modernization Credit Plan research for the institute. P . of the Pederal Housing Administra- | One of the new chapters is in Phil- rice, $5,100 tion. A few hundred dollars so spent | adelphia, birthplace of the building 428 Lincoln Avenue erdale, Maryland oem brick bunczalow, might easily save some one from and loan business in America and death or being crippled for life. | leading city in the country in the - | number of associations. The others DRAFTS SPREAD F'RE | are in Medford, Oreg.; Waterloo, Iowa, | and Monmouth-Ocean County, N. J. Since drafts cause fire to spread| Outstanding leaders in these cities rapidly it is necessary that all open- have had a hand in giving them in- ings around plumbing pipes be tightly |stitute facilities. John E. Allen, sec- | inclosed. ’rzury of several associations in Phil- | tiled ze un, eauipped kitchen. located from the Capitol. usually good buy. nis is an th M. D. CAMPBELL 319 Weadward Building. Phone Hyattsvil Etectric Kitchen Home Ducts or shafts for pipes should be fire-stopped at each floor with mortar | or other incombustible material so as | to form tight joints, All exposed pipes which pass| through any floor or wall should have | the surrounding air space closed off at the ceiling and the floor line or on| each side of the wall by close-fitting metal caps. Wherever possible they should be surrounded by mortar or | other close-fitting, in combustible material. OCAKVIEW, VIRGINIA An Extraordinary Value Brick Bungalow Five spacious rooms and attic Beautifully tiled bath Ome car garage An unexcelled sport reom, 12x32, finished in log eabin style In failing to inspect this home you are missing one of the great- est opportunities of purchasing a real home in nearby Virginia. Modern in every respect Large sodded lot Outstanding 1935 Values! 5012-16-20 45th ST. N.W. Just Completed, $9,650 to $9,950 Detached brick, beautiful lot, 3 bedrooms, 2 baths all modern de luxe equipment. Be sure to inspect these houses this week end. Oven Daily from 2 to 9 P.M. Priced for quick sale at only 6.750 Reasonable down payment, balance like rent Open Daily Drive out North Washington Boulevard to Glebe Road, straight on to Harrisor Street on Memorial Drive, left to last house on right. A. & B. DEVELOPING CO., INC. 2116 Wilson Blvd, = Clarendon, Va. Drive out Wis. Ave, left 45th St rnght to houses. BRASURE Dist. 6410 Eves.—COL 5024 Walnut 7625 O DIRECTIONS TO: THE COPPER HOUSE BETHESDA, MD. (LSS, AVE. FAST-WEST HIGH WAY & éa 5»404/@ e 0 7 BETHESDA BANK ¥ OLD GEORGETOWN ROAD Furnished by W. & J. Sloane J. J. Whelan, Architect Built by C. R. Matheny CONSULT YOUR BROKER FOR PRICE, ETC. COPPER HOUSES, INC Subsidiary of Kennccott Copper Corp. Rust Building District 2568 outstanding new features! Six complete electric kitchen— Sher- [ocrzei ] Tower Realter DIs. Bids. 31 Detached Stone—West of 16th St.—Beautiful Lot Over 12,000 Sq. Ft., Bordering on Rock Creek Park 1629 Van Buren St. N.W. It's a secluded, fashionable, refined neighborhood, bordering on Rock Creek Park. Grounds beautifully landscaped with towering trees and well-grown shrubbery. An impesing center-hall-planned home of Norman architectural design. . First Floor: Studio living room, 21x33, with beamed ceiling and gallery, a 5-foot open stene fireplace, dining room, library, kitchen, butler’s pantry, bedroom and bath. Second Floor: Four delightful bedrooms, two baths and sleeping porch. Third Floor: Two bedreoms, bath, storage room, attic with space for additienal rooms. Has hot-water heat (new oil burner), screens, weather strips and 2-car built-in garage. Repossessed—Priced Below Assessed Value Also Can Be Rented Open Today and Sunday L. T. GRAVATTE Realtor z 729 15th St. N.W. National 0753