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title: 'The Washington herald. (Washington, D.C.) 1906-1939, July 03, 1921, Page 8, Image 20',
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R^ALTYFffiM PAYS *T
TWO MILLION FOR 1
LEASE ON OFFICE
m ** ????
Ten-Story Structure to Be
Sold on Co-operative
WILL FORM COMPANY
TheNew Corporation Will Be
Capitalized at $2,286,300
Allan 15. Walker and MaJ. William
U Browning yesterday took title to
the Southern Buidlng. Fifteenth and
H streetii northwest, for the Allan
E. Walker Investment Company
which plans to proceed with the sale
of the structure on the co-operative
plan. The consideration exceeded
The passing of th? title of thl>
building:, located in the heart of
Washington's financial district.
mt'rW one of the largest realty
transactions in the Capital in years.
The Southern Realty Company was
* lUMtorr ' BsDdiif.
Title to the property was once
held by the Rev. James Gibbons,
archbishop of Baltimore, later cardinal.
At that time George Wash- *
ington University occupied the srte
on wfcich now stands the Woodward
BuTfftng. and Levi P. Morton had
begun the construction of the Shoreham
Hotel. On the other corner
was Wormley's Hotel, famous In
those days as a meeting and eating
plac^ for men prominent in national
A group of Southern business men
gathered at a dinner one evening and
decided to build an office building in
whiclv to house organizations to pro- %
mote trade throughout the South- It
was originally planned to have each
SW take a floor, but this plan was
abasriened and the Southern Building
Company was formed- The list ?
ot stockholders Included many wellknown
Southern business men and Ij
financiers, one of whom was John M- |
Parker, later governor of Louisiana
rwi candidate for Vice President on
the Progressive party ticket with
the late Theodore Roosevelt.
Ckaaged Haad* ta ltll
This company completed the
building and operated it until ISIS
when it was sold to the Commercial
a ad the First National Life Insurance
companies. The latter company
then bought complete controL
In 1S1T the Southern Realty Corporation.
comprising about 800 of
the stockholders of the First Na- *
tional Iusuiance Company, purchased 11
the building. Suit was later brought ?
by receivers of the insurance com- a
pany to set aside the transfer. The 7
sale was approved in a decision by ?
? 'hlef Justice MeCoy in the Supreme
Court of the District and recently
this decision was affirmed by the ?
Court of Appeals. 0
The building was constructed originally
by the Southern Building
Company, on the site of the famous ^
old St. Matthew's Church. The jt
structure has a frontage of 14S feet j n
on H street and 150 feet on Flf- i c
tee nth street. It is bounded on p
the north by a twenty-foot alley. n
The lot contains 22.212 square feet. ; a
It Is a modern fire-proof structure, ! y
ten stories in height. It was com- 1 ^
Fisted in 1910.
- Offered ea Ce-eperattve Plan. h
Through Allan E. Walker and **
Cempany. Inc.. real estate brokers, 11
the building is being offered on tne
co-operative sale plan. This plan J
is a refinement of those used in c
other great cities, with much more ^
liberal terms for purchasers and 1
many additional features that make ?
the idea even more attractive. Success
o&. the plan in sale and ownership A
f co-operative apartments has been ^
ae marked from the standpoint of r
the purchasers that the idea is being
followed in many other cities.
Part ownership is to be offered .
tenants of the building and others 1
where tenants do not purchase, at |
* Prloe that is between 60 and 70 ,
per cent of the cost of reproduc- ;
tion today, with the added asset of
location. It is true of retail
centers that time works many
changes and shifts are very marked. |
but the history ?f no American city '
shows that the financial district
once established ever has changed.
Redae* Oeet ?f Oferatioi.
It is claimed for co-operative ownership
of office buildings that the
co-operative spirit will not only improve
the service and make for bet- a
ter management of the building, but .
that it will materially reduce the ^
coat of operation. ?
As in the co-operative apartment
Plan, the purpose of the company n
wOT be to sell to those who expect P
to occupy the part of the building ?
wm Oust. *
Cnder the terms of sa]. th. par. *
chMor ?f any gtven space will make
a first payment of a sum equal to *
two years' rental, and thereafter
P?T a ram equal to two-thirds of ?
ths rental value for a period of
eleven years and seven month* ?
Thereupon the purchaser acquires
of ""T'tual occupancy 11
soojact only to the payment of a
an agreed proportion of operating Ti
expenses, less than IS per cent of .
the rental value.
**"" ftfr. J]
A ^ corporation to he known as
the Southern Building Owners. Int. ?
will he formed under the laws of s<
the State of Delaware. This cor. ?
^?rV. wl11 be capitalised at $2 - 1!
h^idinan<1 ^,M1 t,k* t,tl# to th* "
.ni l Purchaser-stockholders y
w? *-b?*rd of <""-?tor* Who *
e,#ct "??rs to serve without P
As In the case of co-operative '
apartments, the board of directors. tl
composed of the purchasers, will t<
protect the purchasers by reserving
Ind r^'eLea UP?n C
ofP?meTt",-'n Auftra"? Fragments f,
V e Placed in a liquid a,
k u,"?'"' ""' m,cr?><>es of tf
ich cau!,e mMt ?<> decay. L
and the whole then placed at a ~
temperature slightly above sero. F
Fahrenheit, for live months, after "
that time the meat was still per- Sl
tffttr fresh and good r?
Ueaf beetles that destroy *uear P1
W can be trapped and destroyed ti
Placing and burning piles of la
straw on which they hibernate dur- ol
Ing ,?he win tar. j,
One of the most impoi
Walker Investment Company to
widely known office buildings
V. L FOWLER CO.
Vffl Confine Activities to
Banking and Its Own
The firm of William K. Fowler
nd Company, heretofore engaged
a private banking and general real
state business, with rental, broker,
g? and Insurance departments
esterday retired from the brokerge
field and will henceforth conre
its activities to private hanking
n a larger scale, the buying and
elling of real estate on its owr
ccount and the management of its
wn valuable and extensive proper,
Th? headquarters of the firm wil
e continued on the first floor o1
:s building at 918 Fifteenth streel
orthwest which was recently purhased
and remodeled. Col. Fowler
resident and chief stockholder, ii
iow making an extended pleasure
nd business trip to California anc
[onolulu. Upon his return late ir
kUgust he will give his attentior
xclusively to the firm's privat<
anking features and the management
of its land and building holdngs.
The general brokerage, rental
nd insurance departments hav<
een taken over by William S
fuinter, well known in Washingon
real estate and insuranc*
ircles. Mr. Quinter will keep his
eadquarters in the same offices.
The District Building and 1-oar
Lssociation. of which Col. Fowlei
s president and Mr. Quinter secetary,
will also continue to hav<
ts offices in the same building.
RULES ARE URGEE
Expert Tells Chiefs of Polici
A traffic law that would standrdize
in so far as possible the reguitory
measures in all cities of th?
Tnited States and Canada was recrxunended
by George A- Walters, al
he annual convention of the Inter*
ational Association of Chiefs ol
'olice last week* In St. Louts. Coperation
of police departments anc
utomobile clubs in every city is th<
est way to bring about improved
raffle conditions, the secretary asertedL
Secretary Walters told the polfc<
fficlals what had been accomplished
l Detroit In traffic regulation and
afety first through the Joint efarts
of the police department, Deroit
Automobile Club and othei
gencles. He cited the various
egulatory laws obtained, Including
he negligible homicide law, operaJr*s
license law, headlight law. poice
examination of licensed chaufeurs
and the certificate of title act
The success of f the Joint efforts
long safety lines was show^i by the
ecretary in his report on fatal trafc
accidents in Detroit. He cited
920 and 1*21 figures, which showed
lat in the first five months of last
ear ninety-seven persons were
illed in these accidents, and in the
resent year only forty-six. a reducon
of more than 50 per cent. This
*ving of life was due entirely to
le Joint safety campaign. Mr. Waljrs
7limate Mild in Some
Parts of Alaska
Although less than SO degrees
om the North Pole, the climate of
nuth-Central Alaska Is very mild.
ie temperature seldom registering
slow aero, says the American
orestry Magazine. The mean anual
tejnperature for Prince William
Jund is thirty-eight degrees Fah>nheit.
and, It Is warmer during
ie winter months than at any other
Jint in the world in similar latiide.
The temperate climate is due
rgely to the beneficent Influence
' the Japan Current, which seta
ito tin haad of Ue Quit at
tant deals transacted in the Disl
ok oyer the title of the Southern B
in the East.
Lansburgh & Bro.
Lansburgh & Bro. purchased Saturday
from Mllford Fifhman the j
four-story building, 430 Seventh
I street northwest, now occupied by
, I Lansburgh &' Bro. as part of Its
I department store. The revenue
1 : stamps on the deed Indicate a con
j side ration of about $130,000.
, I The lot contains about 2.000
- square feet, which indicated a price j
of about $65 per square foot, including
the improvements. Mllford
li Fishman, the former owner,
i ducted a men's furnishing fc?.ore
I lrom 1876 until 1902 in the bulld.
ing. and Lansburgh A Bro. held the
i property under lease from him after
I that time.
? The former owner was represent
ed in the transaction by Joseph I.
. ! Weller and John C. EcklofT. The j
t ; purchaser was represented by Lyoa i
\ j and Lyon, attorneys.
Make New Record
In Permit Office
EUr, ' liiJUI WM
T. L. Medford. permit clerk
(above) in the office of John L.
Healy, municipal building inspector,
who. with T. H. Dudley (below),
broke the record of the office. writing
775 more permits from July 1,
1920, to June 30. 1921, than had been
issued In any year previously in the
history of the District.
In all, 8310 permits were issued
for dwellings, stores, apartments.
I repair Jobs and every other sort
of real property Improvement that
can be imagined. ?0Jie highest aversge
previously %s for the year
ending June 30, 19s*. when the record
was placed at 7,126.
Medford is a mative Washingtonlan.
a graduate of Technical
High School, and lives at 16S1
Third street northwest. Dudley lives
at 4455 Conduit road.
French scientists have perfected
an apparatus for lighting and* extinguishing
public gas lamps by
means of a slow change of pressure
in the'gas pipe, this being cootrollabla
t^om tha central station.
' /fj . -N - , , '
:rict in sereral years was completed
uilding, Fifteenth and H streets no
HOUSES ARE SOLD
Savoy and Preston Are Disposed
of to Local Investors.
ftealty sales during the week
were confined mostly to home*, but
several large transactions were
among the features.
The Savoy and Preston were the
largest apartment houses sold. The
former, at 2804 Fourteenth street
northwest, was purchased by Henry
P. Elliot from the Columbia Syndicate
for $175,000. The building is
six stories high and contains thirtyfive
The latter, located at 1743 P
street northwest, was sold to John
W. Gregg for $50,000. The William
H. Spignul Company were the
It was learned yesterday that the
R. P. Whitty Company will start
this week to raze the Hamilton Hotel
property at Fourteenth and K
streets northwest, recently sold.
Among the items of the week also
was the announcement that W. G.
Irvin would start work soon on
nine houses on Varnum street.
George T. Santmeyer is the architect.
and the investment will total
The Rlalto Theater Company
plans a balcony as an improvement
to its motion picture house at Ninth
and G streets.
BIG BUSINESS YEAR
William H. Rankin Company
Opens Branch in Akron
As Trade Increases.
NEW YORK. July 2.?The annual
meeting of the William H. Rankin
Company, nationally known advertising
firm, was held June 15. The
same officers and directors were
elected. The executive and plan
board for the coming year will be
as follows: Chairman. William H.
Rankin; vice chairman, Wilbur D.
Nesbit; research and trade surveys,
Herman A. Groth; art. typography
and layout, Myron C. Perley; plans.
W. S. Nordburg; sales management,
J. D. Driscoll; production, R. C.
Nelson. Robert E. Rinehart. Edward
C. Conover, E. C. Tibbitts, Charles
F. Highom and Thomas R. Shipp.
On July 1 the company opened a
branch at Akron. Ohio, in the FirstSecond
National Bank Building,
with E. C. Tibbitts as resident manager
in charge of the affairs of the
company in Ohio. Western Pennsylvania.
New York and West Virginia.
Mr. Tibbitts was advertising manager
of the B. F. Goodrich Rubber
Company for twenty-five years.
Reports for present and future
business are encouraging, to say
the least, and the compajiy is optimistic
for the future of advertising.
This company now has organisations
in New York and Chicago and
branch offices in Washington. San
Francisco and London. England,
and not only handles advertising In
the United States, but also International
advertising of every description
MAD DOG STARTS
WINCHESTER. V?? Julv 2. ? A
mad flog running amuck, biting and
snapping at everything: in hi* path,
threw the retail district here Into
a turmoil of exeltement yesterday
afternoon, until the dog?a pointer
owned by MaJ. It T. Barton, commander
of the Virginia department,
American T.eglon?waa shot to
Persons who were bitten are unthe
rare of physicians, and dogs
that were attacked have been shot.
One-third of the graphite produced
in this country last year was
produced electrically at Niagara
Falls, but over twice as much .as
thU country's annual production
waa imported, largely from Ceylon
I yesterday when the Allan E.
rthwest. It is one of the most j
f ? - !
. FOR EVENTS OF 4TB
HYATTB VILL.E, Md., July 2 ?The !
stage Is set for one of the most
ambitious Independence Day cele- j
brations in Hyattsvllle'a history.,
The projfram includes a parade participated
1 nby Company F, local I
National Guard, and the Are depart- i
ment; an exhibition drill by Com- !
pany F in Zantzinger's Park, the j
scene of the day's activities, and a i
baseball (fame between the Synder-j
Farmer Post team, local American
Legion, and the Brightwood Athletic
Club of Washington, in the morn.ingr
The afternoon will be given '<
over to patriotic exercises, with addresses
by former Mayor Matthew
F. Halloran and others, and prea- <
| PLAN HELD 1
J Method Adopte
] Allan E. Wall
' ments. purchased under tl
Walker plan. racomli
nde ownership under the
law. In a decision handethe
District rent comntlsc
day. The decision was 1
| the case of J. Estetfb nml
i 1 J. Harry Carnes.
L I Mr. Carnes purchased sp
X I W5 Dumbarton Courts ft
0 | pose occupancy by tl
' his -fairflly. The tenant
/ j vacate after formal notll
V sought to continue posses
1 psaline to the rent comml
\ Evidence was heard ar
i argued before the commlss
| 9. The decision renders*
' holds that Mr. ?Oimes lm'owner
under the law, and
(i possession of his own occi
This is the first case de<
rent commission wherein i
a, cooperative apartment i
session. . Counsel for both
regarding the case as *er
as it sets a precedent
f no*i>er of similar css?a.
f The outcome of
I cloaelr_ followed by ?to*
[ 404 purchasers. of ceentl
I .ments, and by real ertai
1 -Although this*case deal
/ cooperative apartments,'1
I sert that the decision h?
I yesterday also wUI odver
I purchase of business, bu
^ other properties.
1791 Lanier F
The Tenth Apartment Bmldmt
ington Under the WiBcer Co
,E OF SOI
515 8th st se. sq fOt, pt lot L*? u
Jastern Amusement Company to C
North of Varnam it, west of 4th J
t nv, sq 3244. lot II. Petworth?
!has. C- Sharah et ux, Sarah B.. $19. ^
Green vale, pt tract ? Walter B. $
tandall et ux. Edith L, to Paul E !
wttxer et ux. Katherlne M.. $10. *
S of Montana are. e of 10th st ne. (
q 3869, lot 27?Mahlon T. Hill et <
x. Edith R. to Andrew Bet*. $10.
8 ?( E it, v of 7th st nw, s? j
11, part lot B. part orig lot 14?
Kllford Fishman et ux. D. May, to ,
<ansburgh & Bro., $10.
Minnesota ave ne, bet Qault and J
[ayes sts, sq 5077, lots 84 and 85?
oseph O. Miller to Otway B. Zant- J
S of V st, e of 2d st ne. sq 3504, 1
ot 25?Geo. J. Specht et ux. Flornce
V.. to James McDonagh et ux. J
ignes K.. 10 1
1101 Cllftoto st nw, sq 2866, lot
44?Chas. W. I>arr et al., trs.. to 1
tffnes EL Kennelly. $12,000. 1
t* st sw, bet 6th and 7th sts. sq
71, lots 8 to 11 and part 12? 1
Ihalmers F. Groff to Gustave W. 1
'orsberg. $10. 1
Lanier Heights, lot 201?Edwin H.
inyder et ux. Aug*usta L-. to Chas.
I. Glover, Jr., and Wm. J. Flat her, J
716 10th st ne, sq 934. lot 33?
ielena Popp et al- to Mary E. Hun- '
724 North Carolina ave se, sq
99. lot 45?Max Tibbetts et vlr,
fooh V.. t-j Mary V. Mayhugh. $10.
1604 1st st nw. sq 551, lot 203?
Innab^l M. Krezell to Norman E.
Northeast corner of 14th -and K
its nw, sq 248, lots 19 and 60?Robert
Myers to the Hamilton Hotel
Fitch place northeast, between j?
18th and 49th sts, sq 5143, lots 8 ;
ind 9?Geo. W. Wormley to Sallie I
li. Wormley. $10.
*OxenM "Aglncourt Farm." part
.ract?Frank Swider et ux, Julia L*
to Robert L. Manning. $10.
21st nw. between L and M sts. sq
72. part lot 18?Ewd. F. Pickford et
jx. Caroline to Ethel M- Rutty.
44 Randolph place nw. sq 3102, lot
97?Joseph Mann et ux. Romana, to
L?outs Du Bois et ux, Alice I., $10.
Gresham place nw, between 5th st
and Georgia ave, sq 3057, lot 72 ?
David J. Dunigan et ux, Helen M.
entatlon of "new patriot" badges to j
newly-enfranchised voters, and a
baseball game between Company T j
and the Landover nine.
v The celebration will be under the ,
auspices of Company F. assisted by
its women's auxiliary. Proceeds ;
will go to the company's camp ,
fund. Capt. Broks is in charge or;
the program, with Mrs. Charles E. ,
Hutchinson heading tne women's j
committee. Mrs. George H. Morley i
has charge of the patriotic exer- |
cises as the representative here of j
the committee on civics of the j
Prince Georges County Federation |
of Women's Cluba.
ALE 1 A
d i y
Iota , ,*""1* i IMPORTANT <
he Allan El
ted u bona 1 1 apartment uik
I Ball rent \ moves last ves
d down by I . .
lion yester- # plan?purchase
rendered In | f his own OCCI
tarn against f , .
as ownership ol
artment No. \
^ we are a
^Ir^a'd f W because w
slon by ap- J owner* of over
.d*'thi caael pending, and to
ion on June j as to the Allan
1 yesterday I
a- bona fide I
entitled to Ik ak A. m-n
ipancy. ?\Cl W
Jd*d by ths w ^
S5W y walke
sides made I wwcairmw
y Important 1 U l|
affecting a j
oWv" I WE HAVE C
itlv. apart- * "1791 Lan
ta loteraata f
I than rent give j
t only with I ^11 find real 1*
wwjran ?a- A . , .
Laded down oV pnee that is on
^lh*ve an 41
bert "e n
^ WF un<^
I' H I Originator
[ Sold in Wask-operatire
Plan. 913 11
} Walter H. Crack* et ux. LeTlie
36 T it nw, nq fin, iot 12?Benjanin
D. Duvall el ux. Laura M.. to
iaetano 8. Seaeo et uz, Vlttorla, $10.
North ^>f Jew*tt rt, eut of Conluit
road nw. ?q 1438. part lot 3?
iamuel T. Doreett et al. to Wa H.
Jchrelnert and Alice G. 8chreinert.
N of Ordwey ?t. e of 39th et nw.
?Q 2063, lot 13?Harry Ward men
it al. to Robert E. Greer. $19.
1619 8 et nw. sq 177, lot Sf?
Carrie W. Slater et al. to Amelia
RT. Moore and Lucille A. Moore. $ie.
7th et nw. bet P and Q. eq 421.
?art lot 11?Newman Zarin et ux.
fetta, to Lewie Waxberg et ux.
Southern Bid*, n e co^lSth and H
its nw, eq 220. lot 44?Souther*
ilealty Corp to Wm. L. Marcy.
Wm. L Marcy convey? eame property
to Allan K. Walker and Wm.
1342 New York ave nw. eq 252.
ot 11?Matilda C. Markham to Wm
D. West. $10.
N of R et. e of ISth et nw. eq
192. lots 104. 63 to 67. 70 to 72. and
>arts 68. 69 and 73?District Apart nent
Corp to Felix Lake. 810.
1129 New Jereey eve ee. eq n of
Al, lot 46?Archibald Roby et al..
Lre.. to Wm. E Teachum et ux.. !
Marguerite E.. $10.
5419 Illinois ave nw. eq 2995. lot 1
66?Wm. B. Barrowe et ux. Ethel
I., to Harry T*nnyeon ?nd Ida H.
N of P st. E of 9th et nw. sq 421, j
lot 63?Joseph T. Daly to David Oleboid.
Nichols ave ee N of Hinrh View
pi. fq 6004. lots 10 & 11?Robert A.
Sauls et ux. Lillian F? to Matthew
Courhlan et ux.. Molly. $10.
19th et nw bet M & N. sq 11C.
oriff lota 20 & 21?Christian HeuI
I Back Bay Be;
WMklBRlMi'a Fstsre K:
I FREE B
jfl Drive out. bring along tout h
b And select your futu
H Lair* Bailing Site*,
All streets 5
H Take Annapolie Pike to Wi
I Back Bay Beach
harry c al
921 15ti> Street N. W.
decision rendered by Rental Comr
ler Allan e. Walker Plan is bona i
tige of doubt in any mind as t<
means absolute ownership?a pur
upancy, thereby placing co-operativc
f a home.
ad that the decision rendered wa
e had any doubts, but because it
400 apartments in Washington, to
such portion of the public as may
e. Walker Plan.
low if You Wai
ly Choice Feu
>nly a few choice apartments retnj
ier Place. a small payment dowi
'ou possession of an apartment hom
ome life in an apartment for the f
ly 60% of the cost of reproductioi
sset of constantly increasing value
Vc wiD fladiy explain to yon tl
a detail and show you any of I
will be impossible to offer any
crag time in the future at anything
er the Allan e. Walker Plan, our s
pportunity passes by.
I of the Co-operative Ownenhi
n E. Walk
5th St. N. W.
PETTY AND PETTY
REPORT 8 SALES
Petty A Petty report the follow^
In* ulei a*rrecat1n? approximately
124 Park roe?. for H?*h M. Parcell
to John I. Stsrnes. modern
home, alx rooma. center hall plan.
William 8. Pbllltpm representing
11S Quincy atreet northeast. for
Georffe F- Petty to Mary E. Brlcker.
William S Phillip* representing
1347 Newton atreet northwest,
six-room modern home to local Investor.
3487 Holmead place northwest. t?
Mary A. and Ethel G. Brodte. for
Joseph A. Petty.
707 P street northwest, for Joseph
T. Daly to David Okabold. who
will remodel and hold for Investment.
269 N' street northwest. Mary K.
White to Alexander Meyera.
1353 Glrard street northwest, t?a?
C. Marsh to Ida Q Potter, twelv*room
modern residence, which purchaser
will occupy after alterations.
1020 Jackson atreet northeast,
modern bunr&low on lot 60x1(1.
sold for W A Hitt to Mrs. Ulllan
rich A Aurustus B Coppes, tra. t?
Robert E. Tssker. 110.
Robert E Tasker convey? sama
property to Ethel M Rutty, $10.
2108 18tth ft nw. sg 2SS4 lot ?7.
Washington Hta?Herbert A Swill
et al to Margaret 8. Connolly. 110.
1230 B st se. s<j 101*. lot 53?WIUi?r.i
<: Midr*-'* et >i?. M?mi. <' tW
Clarence M Wlnemlller et ux. Mlttie
W . *10
N of Macomb st E of Wlac ave
?w s<] 1*18. lot *. Oak View ?q
1919. lots 19. 20 A 21. Cleveland Par*
?Emily S Mannin* to Florence B.
and 4th I
ach, Maryland I
letartve tosan Colwy M
inch and enjoy real holiday. WM
ire summer home site.
$250 to $37S?Tb**.
0 feet wide. B
uses Daily and SaWav.
ilnut Tree Inn?Turn Rirht bfl
Improvement Co. I
LEN, Mamafer H
Phone Frankh. 6S70
nission declares purchaser of
tide owner. This decision re>
the co-operative ownership
chaser can secure poasession
: ownership on the same plane
is so sweeping in scope?not
is reassuring to co-operatrve
those who have similar cases
have entertained some doubts
nt to Buy a
lining unsold in the Lambert,
n and monthly payments less
e that is your very own. You
irst time. You will buy at a
n and within a few years you
instead of a bundle of rent
be Allan E. Walker
the apartments that 1
apartment building for
like the price of those
incere advice is to act
ip Plan in Washington.
er & Co.