Evening Star Newspaper, May 29, 1937, Page 22

C—+4 K REAL ESTATE. SATURDAY, MAY 29, 1937, REAL ESTATE. MORTGAGE AGENCY SURVEY 1S URGED Congress Expected to Get Proposal on Need of Discount Unit. A survey to cover all sections of the country to determine the need for a national mortgage discount agency, privately owned, but under Govern- ment supervision, to serve long-term financing on the basis afforded short- term commercial financing through the Federal Reserve Bank System, will be proposed in a resolution expected to be introduced in the present Con- gress, it was disclosed by the National Association of Real Estate Boards | through Edward A. MacDougall, New York, chairman of the association’s committee on real estate finance. A bill to create such a reserve agency for the country’s real estate mortgage structure is now before Congress. It was introduced jointly by Senator ‘Wagner of New York and Senator Pepper of Florida. The bill, which would open to all sound mortgages the discount facilities that commercial | loans now have, would afford a means | through which Federal Government participation in real estate financing | may eventually be replaced with pri- | wvate capital, MacDougall said. Progress Seen for Plan. Speaking on the necessity for in- through the offices of William M. Throckmorton and Shannon & Luchs. This new corner home at 7801 Thirteenth street has been purchased by Randolph M. Burruss, —Star Staff Photo. suring a sound financial structure for ASK EDUCATION ON ARCHITEGTURE Dean Emerson of M. 1. T. Will Present Recommendation of Committee. Concentration of architectural edu- cation in fewer schools of greater resources, located in cultural centers will be urged by the Committee on Education of the American Institute of Architects at its sixty-ninth con- | vention in Boston, June 1 to 5, ac- cording to an announcement by the chairman, Dean Willlam FEmerson of Massachusetts Institute of Tech- nology. “The committee recommends that education should relate ever more closely to the conditions that sur- round us and that are characteristic of our times whether social, economic, aesthetic, or climatic,” Dean Emer= son says. “The tendencies should be broadening, providing the architec- tural graduate with a foundation that might permit his development in city planning, industrial or decorative de- sign, housing, etc., all of them defi- nitely within the fleld of an adequate architectural education and offering scope for widely varying talents.” Dean Emerson to Preside. The committee’s recommendations will be submitted to the Nation’s arch- | of architectural education, Dean Em- erson points out. “In the Boston Architectural Club the needs of the draughtsman are met by courses in design, drawing and his- tory, offered in a setting that combines library and social facilities with the helpful supervision of practicing archi- tects,” he explains. Welcome Draughtsmen. “Both Harvard and the Institute of ‘Technology welcome these draughts- mer. as special students to their reg- ular courses according to their indi- vidual qualifications. Harward is or- ganized primarily to meet the needs of the college graduate, just as tech- nology draws the large majority of its students from the high schools. The master's degree in architecture is of- fered by both institutions. “All three of these schools are stim- ulated to do their best by the constant friendly encouragement offered in the form of prizes by the Boston Chapter of the American Institute of Archi- tects. Such a perfect relation between such diverse elements is rare anywhere, and is much treasured in Boston as establishing that unity between the | beginner and the accomplished prac- titioner 50 essential to the maintenance | of professional standards. It is stim- | ulating alike to students, schools and | architects.” ‘The Association of Collegiate Schools of Architecture will hold ses- sions in Boston on May 30 and 31. The opening event will be the address of the president, Prof. Sherley W. Morgan of Princeton University. ROOM FOR BATHING IS ANCIENT IDEA King of 5000 Years Ago Used Forerunner of Modern Shower. The idea of & separate room in the house for bathing purposes is 5,000 years old, says the Plumbing and Heating Industries Bureau. The Oriental Institute of the Uni- versity of Chicago has excavated in Iraq, once ancient Babylonia, a room about 15 feet square in the palace of King Urninmar. The room has a floor of waterproof bitumen with a drain made of clay tile. Here the King stood while slaves threw water over him. Thus, says the bureau, the world's oldest bath room is a predecessor of the modern shower cabinet. that the room was built 3,000 years before the beginning of the Christian The fact | era is estabished by the imprint of the name of the King on all of the bricks used in the construction of the palace, In the 5000 years since King Urninmar stood in his erude shower cabinet of clay and bitumen, the bath room has developed until today with glamorous, colorful and streamlined fixtures of vitreous china and ene ameled cast irom, it has become the most beautiful room in the house Shower cabinets, t0o, have been per- fected so that today they are avail- able in handsome and colorful units suitable for the finest bath room. They may be obtained with non-akid receptors, water-saving showerheads and thermostatically controlled mixing valves. . Divided Door Is Solution. ‘When a small bath room makes it difficult to open the door without knocking into fixtures, a door divided nto two and hinged like a screen | might relieve the congestion. A Truly Fine Home—Easily Within Your Means NEW HOME 3948 2nd St. S.W. Overlooking the Potomac itects at a meeting on Wednesday, June 2, at 9 pm. Dean Emerson will preside, and present the committee’s | report. Dr. Walter Gropius of the | Harvard faculty of architecture will deliver an address on “Essentials of | Creative Design.” Dean Everett V.| Meeks of Yale University will speak real estate, he said that the plan for a permanent national real estate mort- gage institutien or mortgage discount bank, urged by the National Associa- tion of Real Estate Boards as needed to this end, has made substantial progress during this session of Con- vided in these cities during April, 1937. The data collected by the Bureau of Labor Statistics include, in addition to private construction, the number and value of buildings for which con- tracts were awarded by Federal and State Governments in the cities in- Housing Division of the Public Works Administration for a low-cost housing project in Nashville, Tenn., to cost nearly $1,400,000. 0ld House Preserved. The old Lafayette House, built in East Haven, Conn., by Capt. Bradley 160 years ago, is still preserved and in excellent condition by the use of paint, ‘The house received its name from the Lovely brick home; large living i 5 th open fireplace; gress. cluded in the report. For April, 1937, fact that Lafayette stayed in it on | on “Foreign Influence on Architectural | || fodwood floos: el “Such a Federal m;)trlaage ba)!()l: the value of these public buildings Mrs. Pearl Pearson of Washington |two occasions. When Capt. Bradley | Education.” "’gr"dg:‘g"imm‘;"’srroor:l‘erxod::n would bring to the mortgage T the | Amounted to $6390,000: for March, Buys Patuxent Hundred. built his home ¢ was painted white.| Joint effort by the architectural kitchen, 3 bedrooms; large the enormous investing power of 1937, to $6,230,000, and- for April, The house has 1een moved to Darien, | profession and educational institu- 4 ' 8408 CEDAR ST., SILVER SPRING Completely Furnished by Sears, Roebuck & Co. Here is a presentation of a truly practical combination of artistry In construction and livability, The well-appointed kitchen and spacious closets will appeal to the most fastidious housewife. The floor plan pro- vides 6 lovely rooms and 2 baths. An interesting feature is its beautiful circular stairway. The home has built-in garage, oif burner and electric health kitchen, large porch and fine landscaped lot, 50x179 feet. “This Is An Electric Kitchen Health Home” TO REACH: Out Georgia Ave. to Montgomery Ave, (Texaco Station) in Silver Spring, turn right on Montgomery 2 blocks to Cedar and homes. masses of small investors, not now represented there except in so far as their savings are being indirectly in- vested through the operation of the fife insurance companies, savings banks and building and loan associa- tions,” MacDougall said. “That a Federal mortgage bank would be a success and the sale of its securities would be popular is evi- denced by the recent successful issue of $25,000,000 one-year 1l per cent LEONARDTOWN, Md., May 29.— Mrs. Pearl Pearson of Washington has Just purchased the farm Patuxent Hundred on the St. Thomas Creek from Mr. and Mrs. R. J. Stark- weather of St. Mary's County, . Mrs. Pearson has started to build a large house on the place, with construction to be completed within a few mont] basement, laundry trays, etc.; front and reer yords. Located on the new boulevard to Fort Washington. $6,950 TO REACH: Drive out Nichols Ave. E_to Xenia Street,” turn right to Second Street, Open Sunday 1 to 5 1936, to $1,367,000. Permits were issued during April for the following important building projects: In New Haven, Conn, for an office building for the New England Bell Telephone Co., to cost $1,695,000; in Boston, Mass., for a new city hall, to cost $2,500,000; in Kearny, M. J., for a factory building, to cost $1,193,000; in New York City, in the Borough of the Bronx, for apartment houses, to Conn., and it, present owner has painted it a mellow, weathered red. tions have strongly influenced the development of Boston as & center debentures of the Federal hiome loan | 52, MeaI\Y $2850.000; in the Borough Think of it! OPEN SUNDAY 1515 f’_ DIstrict S of Brooklyn, for apartment houses, to | | . BE'TlEll nwater Cost mentty 51900 00 e es 21|l A New Five Bedroom Home R. G. DUNNE and DAILY K Street | . 3100 Uses Existing Agencies. of Manhattan, for apartment houses, to cost over $1,700,000; for school buildings, to cost over $1,100,000, and for store and mercantile buildings, to cost over $800,000; in the Borough of Queens, for apartment houses, to cost On Upper 16th St. for $18,950 6408 16th St. N.W. “The proposed Federal Mortgage Bank as outlined in the Wagner-Pep- per bill would deal through existing tnstitutions. It would be privately managed and operated by experts of to 9 P.M. Kass Realty Company. Inc. 200 Southern Bldg. Quwners-Builders _ NAtional fAR2 604 HSt. N.E. Linc. 7636| = she highest standing but under the [over $6,000,000; in Philadelphia, Pa., Built by supervision of the Government, in the | for school buildings, to cost over $1,- F. Mil same manner that the Federal reserve | 200,000; in Chicago, IIl, for factory G. F. Mikkelson & Son banks are supervised by the Govern- | buildings, to cost nearly $500,000, and Detached, center-hall, very ment. It would have two main func- tions: (1) It would act as a bank of discount in time of stress for institu- #lons having acceptable mortgages and would enable them to convert these obligations into cash. (2) But it would in ordinary times act as a medium through which funds would flow from one part of the country where they are available to another part of the country where they are needed. “Experience in European countries, especially in France with the Credit Foncier, shows how attractive to the small investors are the bonds of a || great urban mortgage bank properly || controlled and managed. Small sav- |} ings can be placed or large sums can || be invested and ready market is at all times available so that the value of such securities can be readily as- certained at any time.” large rooms, 3 baths, finished 4 - attic, 2-car brick garage, large > % i * iy MRt Sale—Furnished at Rehoboth Beach, Delaware Open Sunday—1 to 8 P.M. Frank S. Phillips Suitable for Home or Club Ocean front, three lots with large Bermuda type house with 927 15th St. N.W. DI 1411 | screened porch across entire front and sun deck. Two story living room, large dining room, bar, pantry, completely equipped kitchen, six master bedrooms opening onto porch, 4 baths with needle showers, two bedrooms on second floor either side of living room balcony. Two-car garage with servants’ quarters, Whoie beautifully furnished throughout, including silver, china, linen end bric-a-brac. Mrs. Emery Smith, exclusive agent 1900 Que Street Potomac 5200 for store and mercantile buildings, to cost nearly $500,000; in Hammond, Ind., for factory buildings, to cost over $300,000; in Dearborn, Mich. for a rubber plant for the Ford Motor Co., to cost $1,100,000; in Dayton, Ohio, for factory buildings, to cost $378,000; in Topeka, Kans, for public utility buildings, to cost over $800,000, and in Omaha, Nebr., for factory buildings, to cost nearly $500,000. A contract was awarded by the Presenting hall. large tached gar & distinctive group of ny living room and dinin m all modern gas app! s and automatic insulation, weatherstripped and screened, SAMPLE HOUSE 305 Lincoln Street Huntington Terrace, Bethesda, Md. rock wool Toof. attic. Buiiding (Continued from First Page.) 1ssued during the month was 46 per | cent above the level of a year ago. “For the first four months of 1937 the aggregate value of all classes of || building construction for which per- mits were issued in cities having a ' Manor PIae—Obevry Place g : B0 tn e 555 pgme AL930 e HENRY J. CONNOR, INC cent over the corresponding period of a 1936. Gains were shown for each RuileR (GF LiincelHyK (s type of construction, the greatest im- provement occurring in the value of residential buildings, which show an increase of 68 per cent. During the @rst four months of 1937 dwelling units have been provided in these cities for 68,596 families, an increase of 73 per cent over the first four months of the preceding year.” The survey of construction for the |! first four months of the year showed || that Washington was in third place || among the larger cities. The four- month total valuation for the Capi- tal was $18,003,556, an increase of nearly 100 per cent over the figure | for the comparable period of 1936. New York City ‘lead the country in building valuation with Los Angeles in second place. Trailing Washing- || ton were Detroit, Boston and Phila- || delphia. Compared with April, 1936, an in- erease of 65 per cent was shown in the aumber of family-dwelling units pro- 726 Jackson Place MEt. 2401 715 Midwood Road Greenwich Forest, Bethesda, Md. $13,750 Owner leaving city, must sell this exceptionally fine new Colonial home. A -brick construction, copper gutters and down- spouts, copper water pipes, three large bed rooms and den or fourth bed room on second floor, two com- plete baths, finished third floor, attractive living and dining rooms, delightful screened living porch, at- tached garage. Lot 80x135, covered with fine old shade trees and dogwood. OPEN SATURDAY, SUNDAY and MONDAY To reach: Throuch Bethesda, left on OI¢ Georgetoun Road to Wilson Lane to the Forest entrance, right to Midwood Road and the property. EDW. H. JONES & CO., Inc. Exclusive Agents 5520 Connecticut Avenue Cleveland 2300 5 ‘Wa invite you particularly to see these homes—for they've got that | “’SOMETHING'—which makes them different and strongly appealing. They've got the big rooms, the recreation room, the lavishly appointed baths—and every construction and equipment detail—with the won- derful location—things that have made the initial group of Glover f Park Hills Homes sell in record-breaking time. A Prominent Corner Home in BARNABY WOODS Claude G. Johnson, Builder Open all day and evening Sunday, elso Decoration Day—other days, 2 to 9 P.M. COMPANY MOS SHepherd 4517 9:30 tonight and American Home REALTY | From Mass. Ave. turning into 37th Bt. to Manor Ave. south on Wise. One of a Group of Four New Brick Homes Situated on a Wooded Corner NAt. 3668 417 SOUTHERN BLDG. Frank A. Simon PERSONALLY RECOMMENDS THESE HOMES AS OUTSTANDING VALUES OF TODAY! 810 South Oak St. FOXCROFT HEIGHTS, Va. Less Than 10 Minutes From Town Corner Western Ave. & Arcadia : Chevy Chase, D. C. Three large bedrooms, two baths, den, breakfast bar, finished attic; large expanse of shaded lawn, two-car garage. This is an Electric Kitchen Health Home : : ® 6 e C oy ; i : (4 ?)c::::‘esd porch [J E:fl’ee;n;c;:::; Open Daily and Sunday—10:00 A.M. to 9:00 P.M, L A . ° fireplace ® Rock wool insulati . & ¢ 7 . L:::drlyre:n?lavatory in o Dehc‘l:;: gl:v:gne w Furnished by Horace Dulin, Inc., 1307 G St. N.W, $8 650 Tems to suit basement % ©® Convenient to schools, 35’350 -3550 Cash $41.50 ":. I 4 ® Slate roof stores and transportation Use the New Entrance to BARNABY WOODS Exhil 6 Garfield Place , Md. Includes Interest and Payment on Principal Brick home, large living room, dining room, model kitchen with cabinets; 2 bedrooms, 5533 MANNING DR. > BRADLEY VILLAGE, MD. Only $9,850 “Carefree Comfort With Modern Gas Appliances” To Reach: Through Silver Spring past trafic light, ome-half mile north om At Chevy Chase Circle turn right on Western Ave. and drive Straight to Arcadia g large closets, tiled bath with shower, indi. Air Conditioned—O0il Burmer Georgia Ave. to Garfild St. West on Garfleld three squares to momes. Tect lighting, hardwood floors, full basement DEveloper This is a new detached, brick home, with and slate and slag roof. Hot-water heat. three bedrooms, library, two tile baths, large J. D. DRAPER fl Ms .JISHER ” I'A' H. A. Financing Available ’s:o:‘rgeils%:cye: beautiful lot ang, at the price, Presented By | INCORPORATED REACH: Crosw Lincoln Memoriat Bridge to 2 P Waple & James, Inc. s, e oomie FsSRh e iy o n s | TOREACH: prvpme i tiponly . 4 i P § SHep, 453 738 15th St. N.W. DI. 6830 lafs to Fairfan Road, vight to