Evening Star Newspaper, May 4, 1940, Page 25

REAL ESTATE. * Loan League’s Annals For 1939 Present New Subjects Realistic Approach To Today’s Problems Reported in Yearbook ‘The 10th of the series of year- books of the savings and loan busi- ness, published by the United States Bavings and Loan League as its an- |/ nals, must be compared with the first of the series, published in 1930, | to get the full significance of what has happened in the outlook and problems of mortgage lending be- tween 1930 and 1939. The new vol- ume, edited by Morton Bodfish, ex- ecutive vice president of the league, puts major emphasis on at least half a dozen subjects which are not even mentioned as remote posibili- | ties in 1930. Among them are public housing (which is the subject of the lead article in the current volume); in- terest rates and the concomitant, | dividend rates, which are treated in | three different articles and in sev- | eral committee reports; investment of excess funds, bonus and retire- | ment plans for savings and loan | association managers and staff, trust funds as a source of money for sav- ings and loan—all, three of the latter being subjects of at least one arti- cle in this volume as well as touched on in many committee reports. Two Factions Involved. The new concerns of the mort- | gage lending business arise from two | sources, it would appear from the 1939 annals. Of course, one is the | social philosophy which has risen | to prominence as the depression | went along. The other consists of the steps taken by the savings and This is the first of a series of pictures and articles prepared by Margaret Nowell and Evening Star photographers to aid those about to establish a home or td refurnish existing homes. Stress will be laid on economy of erpenditure with no sacrifice of good taste. The series will continue each Saturday in the Real Estate Section of The Star. would be ideal to illuminate ‘*he ping-pong table in the recreation room where the ceiling is low and a dome light is in the way. These cost $26, plus installation, and are THE EVENING STAR, WASHINGTON, D. C., SATURDAY, MAY 4, 1940. Furnishing the Home at Moderate Cost | Paint Will Brighten Those Faded Awnings Will faded awnings spoil the ap- pearance of your house this sum- mer? If your answer ig yes, wield a paint brush for a few hours be- fore you -put them up. The cost in effort and paint will be well spent. Here are two methods: No. 1—To 12 ounces of a soft paste formed by dissolving white beeswax in pure spirits of turpentine add approximately two pounds of heavy paste white lead into which has been mixed two tablespoonfuls |! of soft soap. When this formula has been stirred thoroughly, work the resulting paste well into the awn- ing canvas with a large spatula. Follow with body and finish coats || of the priming paste thinned to || brushing consistency with equal parts by volume of pure boiled lin- || Smooth || seed oil and turpentine. each coat well with a paint brush, following the usual painting pro- cedure. When a color treatment is desired, add colors-in-oil. No. 2—The canvas may be treated 3315 Carpenter St. S.E. —Hillcrest Section—- Only $8,950 Brand-new BRICK home, 17 rooms, including breakfast room. Attractive corner lot with trees. Drive out Penna. Ave., 1 square be- yond Branch Ave. turn left on REAL ESTATE. % B—3 which has been dissolved In hot | coats of paint composed of three water. Brush the size on the can- | parts by volume heavy paste white ;;;:fi::‘::fiywnm sadiatiow 16 lead, two parts boiled linseed oil Follow by brushing on evenly tw_o! and one purt turpentine. with a thin glue size prepared by’ mixing one pound of glue to three parts of water. Before this mix- ture is applied to the surface to be painted, add one ounce of alum | "AIX LA CHAPELLE" Three Hundred and Eight Acres } 40 Acres in Woodland Near Beallsville, 30 miles from downtown Washington. This is one of the finest estates in Montgomery County, Maryland. A palatial Georgian brick home of 15 rooms, 6Y2 baths. The original old house was built in 1812, beauti- fully restored. Wonderful view of Sugar Loaf Mountain. Inspection by Appointment Only Over the Week End or Evenings Call Mr. Leigh, Wis. 3799 loan business itself to live, move and | No matter how much money you have to spend, it is interesting to Carpenter St., 13 square to property. have its increasingly important be- | i'd out just how much may be purchased at a minimum outlay. It is the answer to many of those difficult lighting problems. ing in the face of radical govern- | ment moves, based on some phases | of that social philosophy. Mr. Bod- | fish, in his chapter on “Realities of the New Decade” sums up the di- ! lemma and the logical response of | the business to its dilemma when | ‘he writes: “The days of Jefferson are gone. We want to find that | common ground and that partner- | ship with government and with our | public officials, who are servants of the people and not the masters, | which will be satisfactory and in! the public interest.” | Looking at the annals of 1930, one | realizes that 10 years ago there was | no problem of government and business which got any attention | from business. Being a business book for businessmen, the annals | performs its usual function of turn- | ing a microscope on the openings | and opportunities for expansion and | development of the business, with- | out pulling punches as to what's still | to be improved, abandoned, or weighed seriously pro and con, | among practices and policies. The | result is complete realism which succeeds in leaving a strong note of optimism about the future of private capital and private enter- prise in the home building and home financing business War Situation Enters. | Based on speeches made at the | convention of the United States League last September, the annals | contains many references to effects | of the European war on the finan- | cial and general policy, both public | and private, in this country, and on business in general. A new time- liness has come to these portions of | the book in the recent few weeksl when any affects of war have | seemed to be more imminent than | ever before. Gen. Hugh Johnson on | “America in a War Economy” and economist Murray Shields on “Eco- nomic Consquences of the War” are | the political and economic prophets respectively of this volume. | Imposingly introduced by a let- ter from the President of the Uni- | ted States and a communication | from Federal Loan Administrator Jesse H. Jones, the annals comprises various sections dealing with gen- eral topics, advertising and business development procedure, attorneys’ problems, Federal savings and loan associations, institutions insured by the Federal Savings and Loan In- surance Corp., managing officers’ special concerns, state league offi- | cers’ problems, supervisors’ concerns | and statistics of the business. Re- ports from the 29 committees of the league at the convention comprise one of the most meaty sections of the book, ranging in subject from public housing to title charges and costs in placing and collecting mortgages. A directory of the league’s | 3,900 member associations with their principal officers, number of inves- tors and borrowers, and assets, in each case, is supplemented by a| directory of the league's officialdom, of the personnel of the Federal Home Loan Bank Board and of re- gional Federal Home Loan Banks, and a listing of state savings and loan supervisors. surprising how tastefully a room may be furnished at low cost. One of the questions an about-to-be-married daughter may ask is “How much will it cost to furnish my kitchen and supply my linen gcloset sufficiently for a five-room house?” suffice to purchase all the things required for this phase of the new home and to apologies. Washington stores offer many services to help the home-maker solve problems and no charge is made for the service. In the picture above, the articles shown with other equipment not on display but required can be had for just a shade under the $170. They | are listed below: Cabinets Cutlery . Silverware Cooking utensiles _ Hardware and cleanin, China for six A _survey indicates that $170 will purchase articles for which the bride will have to offer no | - $1595 315 2545 5239 20.47 198 $125.39 $169.98 M.N. | | | | | | | | | | | | New Spot nghting Lump | which is installed between the cefl- | Can Be Placed in Wall \ing and the upper floors and can | be so adjusted as to light a given | area. No fixture is evident on the | Effective lighting over the dining | surface of the ceiling, merely a | room table or the piano or any area | SMall aperture through which the | | bedm of light penetrates. The ! that needs spot lighting may be | fixture may be installed in a wall to | cleverly done with a new fixture | light a picture across the room. It for. To Reach: Out Georgia Ave. to Peoples Drug Store in Silver Spring, turn right on Montgomery Ave. 213 blocks to house. This beautiful corner home is situated on a large triangular lot containing 11,000 square feet. All streets and sidewalks in and paid center and one block to downtown transportation. priced surprisingly low and may be bought on easy terms. also will consider small house or vacant grourd in trade. 8433 Ga. Ave. 1224 14th St. N.W. SILVER SPRING, MD. New Detached Corner 686 Montgomery Ave. « You will see our sign. Convenient to schools (both graded and parochial), shopfling This home is Owner WAPLE & JAMES, Inc. i SH. 5200 DI. 3346 Kawakamis Divorced RENO, Nev., May 4 (#)—Helene Osterrieth Kawakami of New York won an uncontested divorce yester- day from Clarke H. Kawakami of Washington, D. C., on the grounds of three years’ separation. They were married in Geneva, Switzer- land, July 28, 1932. Kawakami is & war correspondent, now in Lon- don. He formerly represented a Japanese news agency in Wash- ington. Priced for Quick Sale In Beautiful Glover Park *6.950 $250 down, $65.00 a month. 6-room brick house. Excep- tionally high elevation. 2415 Huidekoper P, e In new house condition. 3 bed- r00ms and bath. fireplace in liviy Toom. cedar closets in bedroo 1 nd rear porches, _bult. . complete cellar with I and stationary wash tubs, lovely shrubbery. Schools. stores and transportation within easy walking distance. Please inspect, in_order to appreciate this reai bargain. House open for Inspection Sunday from 10 AM. to 6 P.M. Federal Finance Co. Nat.7416 913 N. Y. Ave. N.W. 25 GLENROSE STREET—CHEVY CHASE VIEW CHARMING SIMPLICITY Many horses in Japan are suffer- ing from beri beri as a result of the‘ shortage of rice. Open Today and Sunday Realty Associates, Inc. REALTORS 1506 K St. N.W. Notl. 1438 $11,950 '8,250 A true-to-type Cape Cod Colonial conceived of the exceptional in construc- tion and material and built in 1939 by present owner and occupant on one- half acre high in elevation. The first floor contains living room 13 by 20 to the left of a 9-foot entrance hall and a dining room 12 by 14 to the right. In addition there is & den 8 by 10, lavatory 4 by 5. de luxe kitchen'§ by 12 and screened porch in rear of llving room. The hall, den and two sides of living room are panelled and ficors are clear white oak of random width. ©On the second floor there are two large bedrooms with huge closets and bath. A furnace room, utility room and panelled recreation room with fireplace comprise a dry basement. Insulation throughout. fir framing. Johns-Manville ashestos roof and copper guttering and spouting piped away from house are only a few of many features. This home cannot be duplicated on a lot of similar value for less than $13.500 and will delight the most * discriminating visitor. OPEN TODAY AND SUNDAY For week day inspection please call WI. 2734- for appointment. Ghete ke o br ki Sirst: far et on Franklin, on. Hook: o Sum i Avenue, turn left on Summit ‘one-half block to Glenrose Street, then ieft on Glenrose to first house. OWNER ADVERTISED IDGEHOOD 35 WOODED ACRES Fronting BEACH DRIVE Over one half mile along Rock Creek Park Featuring Real Architectural Character and Enduring Construction in Dwellings a setting which appeals alike to your artistic taste and your sense of investment values. Broad vistas across gently rolling landscape into the sylvan beauty of the Park delights the eye and relaxes the mind. Every facility for healthful out-of-door sports is right at hand. And proper protective restrictions, enforced, assure the permanent en- joyment of your home in the “Village.” Let us show you how easy it is to buy or build your dwelling here. SPACIOUS WOODED HOMESITES—$2,250 UP REASONABLY PRICED BY COMPARISON. I I ERE, in this urban Country Environment, you will find Drive northerly on Beach Drive through Rock Creek Park to -Western Ave. or East on Western Ave. at Chevy Chase Circle Edson W. Briggs, Inc. Developers OFFICE ON PROPERTY. PHONES: SHep. 3430—EM. 7801 Exhibit Home—6703 FAIRFAX RD. OF COURSE you want the best . . . and this particular group of Bowling end Gardiner homes (one of which was recently awarded the coveted Silver Star) is the place to find it. Spacious 3-bedroom homes in an unexcelled location on high elevation one block south of Edgemoor Club. Quality construction and modern features throughout. Churches, schools and shopping center are convenient—bus at your door. Come out today—they are going fast. F. H. A. APPROVED OPEN DAILY 10 AM. to 9°P.M. TO REACH: Out Wiscon- atn Ave. to Bradley Blvd., left on Bradley Blod. to ZFairfaz Road, then rioht to Ezhidit Home. 729 Old Georgetown Road Wisconsin 6696 Boss and Phelps Na. 9300 1417 K Street Six new, detached houses at ““Close- out” prices—WOODSIDE, MD. The builder of these houses has exten- sive operations un- der way in other sections of the city, and simply decided to reduce the prices $700 and $800 for prompt sale. Each house has 6 rooms, tiled bath, au- tomatic heat and at- tached garage. They are convenient to transportation, stores, churches and schools. At these special prices they should certainly sell quickly. Do Not Overlook ,This Opportunity Open 10 AM. Sunday and daily thereafter. To reach: Out Georgia Ave. to Ridge Road, about 1 mile beyond traffic light at Colcsville Pike to signs on right. WM. M. THROCKMORTON Realtor @ria\ rell WE take pleasure in announcing the opening of a third exhibit home in Briarcliff. In gauging the demands of dis- criminating buyers we are aware that not only is it necessary to build superior homes complete in every detail, but that surroundings of great natural beauty must also be planned with utmost care. How well we are succeeding in accomplishing these ends we invite you to judge for yourselves. Investment Bldg. Drive out Mass. Ave., turn left on Nebraska Ave., continuing on Loughboro Rd. to Maud street, then left to Briarcliff and homes. FRANK S. PHILLIPS 927 FIFTEENTH ST. N.W. DISTRICT 1411 BRIARCLIFF is being planned and developed by Ewd. R. Carr and Frank S. Phillips.