Newspaper Page Text
THE WASHINGTON TIMES, SATURDAY; JUNE 28, 1919.
WAS 11 4 PER GENT
MH k If Napoleon Bonaparte Were Buying j
"Wishlncton ahowei a. Bln ' 114
Pr cent In building: during- last month
I over the corresponding period in 1018.
I There -were 850 buildine permits is
sued by the Building Inspector for
'construction work totaling $1,648,609
this year, xs against 434 permits for a
cost of $770,097 issued last year.
A. survey of 164 of the principal
cities of the country made by the
American contractors last month, in
comparison with May, 1918, showed a
Cain of 110 per cent. The total cost of
buildings under way last month was
$105,470,299. as against $49,763,085 for
May of last year.
Only twenty-eight cities on the list
showed a loss. This is encouraging
when compared with the record for
the previous months of 1919.
Month cities 1819 vlo. !'?
Jaamry 16 $1J,889,J1S $J7.S91,J18
March 199 64.8I4.J25 S6.529.620
April .! ..... 1S 84 914 008 44.516.828
ifiS ........ Ut 105470.299 49.7c2.08s
NEEDS MONEY FOR
In making a nation-wide survey of
building conditions, the United States
Tepartment of Labor recently sent
out Questionnaires to sereral thou
sand building and loan associations.
These questionnaires covered Inquiries
concerning assets, the average amount
of loans made each year, applications
for 1819, the posibility of increasing
demands for loans and opinions con
cerning the proposed system of Fed
eral home. loan banks.
Returns disclosed, that more than
40 per cent of the building associa
tions have not sufficient available
funds to meet the desirable applica
tions for loans that are coming in as
swssnlt of the shortage of houses
saft th geceral revival of construc
tfa . Mil flea. "While the building as
odxtJons of the country are report
ed sl a, sound financial basis their
difficulties are- due to the
H that they have enormous in
vestments 'and that the long time
mortgages' rcprcsffltinglarge amounts
are sot negotiable at commercial
The-movement to establish Federal
Inline loan -tanks is approved by a
'majority of the associations that re
turned answers to the questionnaires.
Out of 1200 thus far received less
than 10 percent of tne associations
represented are opposed to the plan.
An answer that is typical of the at
titude of associations that are finan
cially independent came from the
"West. "Our organization does not
need a Federal home loan bank sys
tem at this time,' writes the secre
tary, "but it will be helpful to those
who do, and the time may come when
we shall be glad to take advantage
According to recent estimates made
by the division of public works and
construction development, of the de
partment's information and education
service, there are now in the United
States 7.269 building and loan asso
ciations with p&id-in capital stock
amounting to $1,503,770,848, the in
vestment in building association
stock having increased last year
United States Senator Calder is
keenly Interested in the present acute
housing shortage that confronts the
country. In a series of public ad
dresses at various points throughout
the United States during the past few
months he has endeavored to im
press upon builders the necessity for
immediately beginning construction
on a large scale
Senator Calder believes that mate
rial prices must be lowered some
what and that labor must make some
sacrifices to commence the needed
Commenting on the situation last
week. Senator Calder said: "The ces
sation of building activities on ac
count of the war was responsible for
the scarcity of housing facilities.
"The situation," he asserted, ia
not as yet fully realized by the peo
ple, although a large number have be
gun to feel its effects in increased
rents and inability to find any vacan
cies at lower rentals.
"As the months go by, this situa
tion will become increasingly difficult
and it is my purpose now to lay stress
upon the immediate need of providing
new housing, in order to. In a small
degree at least, relieve the situation.
"In my opinion the building of new
houses is the only solution when
there is an absolute shortage, as ex
ists today. The building of new
houses will afford employment to
large numbers of men, who, because
of the cessation of war industries aro
now without employment. As a meas
ure of reconstruction in the sense of
tiding over the Interval between the
closing of war activities and the re
sumption of peace-time enterprises,
there is no better means than in the
erection of large numbers of needed
"The difficulty In the way of new
building is, of course, its present
high cost. In order to reduce this
cost, material men must be willing
to accept a lower price for their ma
terial than obtained in war time; la
bor must be willing to make some
sacrifice on the war-time scale of
wages; and capital must recognize
that increased costs are liable to con
tinue for a period of years, and that
the Increased returns now obtainable
on real estate Justify outlays for new
"Lenders of money on bond and
mortgage must make more generous
loans in recognition of the increased
cost of building, and make for the
amortization of these higher loans
during the years to come.
"The providing of homes in the
great centers of the United States and
especially of New York city today is
no longer a real estate question, but
a public question, since it is becom
ing' more and more apparent that the
proper housing' of its people is a
problem which the government should
PARKWOOD APARTMENT TO
BE CHANGED TO OFFICES
The Parkwood apartment house, at
1746 K street, was sold last week by
Swartzell. Kheem & Hensey to a syn
dicate headed by Allan E. Walker.
The transaction involved about $400,
000. Plans are under way by the syndi
cate to convert the building into a
professional building for doctors. The
bulldlnv is seven stories in height
and contains thirty-five apartments.
The sale was made through James J.
Lamp ton Company.
Blake your money 'wiiit or flgfct.w
If it Is not fighting for yea in the
Industrial field, pat It to wtrric la
War Savings Stamp.
New Houses Ready to Move In
Morse St. N. E.
Take H street cars to 12th northeast, walk three short
squares north. One solA
5 j5V -HTf3JT!.
Six rooms, tile bath.
Lots, 142 ft. to 20-ft.
paved alley. Very large
porches. Side-oven gas
range, concrete cellar.
Open Every Day
NAPOLEON BONAPARTE would have been successful if he had gone into busi
ness. He would likewise have been successful had he entered the profession
of law instead of the profession of arms. The laws that Napoleon established during the
Empire exist today, proving the wisdom of their originator.
You should use your head as well as your pocket
book when buying real estate. Before entering into
negotiations of importance with anyone Napoleon al
ways asked the famous question, "What has he done?"
Before buying real estate he would undoubtedly have
asked the same question as to those who were pro
moting the sale of that real estate. And his judgment
as to final purchase would have depended largely upon
the record of those with whom he contemplated deal
ing. Napoleon's famous question, "What has he done?""
or, in this case, "What have they done?" applied to
THE J. W. HOLLOWAY CO.,. would have been an
swered to his satisfaction in this way:
"The 'J. W. Holloway Company are experienced
real estate developers, who have successfully subdi
vided large tracts of land and enabled the average man
and woman to become a land owner. Their business
is to locate cities that are rapidly expanding and to then
buy up large holdings of land adjacent to them and
split these holdings up into lots. The latest success of
this company was that of Colmar Manor, developed
last year. They have successfully developed thriving
suburbs in Atlanta, Ga., Wilmington, Del., Baltimore,
Md., Trenton, N. J., and New Haven, Conn."
Suppose You Could Buy a Suburban Home Site for T aWeek
Highly Elevated In Full View of Capitol Dome and Washington Monument
Within One Square of Beautiful Two and Three Story Detached Homes Street
Car Lines, Steam Railway, Churches, School, Grocery and General Merchandis
ing Stores Gas, Electricity, and All Modern Improvements.
Including a Six Months' Subscription To The Washington Times
obtain such a home site and on such reasonable terms as ONE DOL
LAR ($1.00) a week. Complete information will be given in a double
page announcement in this newspaper next Thursday and Friday,
July 3d and July 4th.
And You Don't Have to Wait to Learn
All About This Golden Opportunity
'Just fill out the accompanying coupon and MAIL IT TODAY. Certain improvements have as yet to be. made in this big Sub
urban Development which prevented our making the full announcement this week, as we had originally intended. Therefore this
ADVANCE OPPORTUNITY to those wide-awake to the advantages of such an opportunity to those who realize the advantages
of first selection, for while every lot in this operation is an excellent home site, there are necessarily some that you would prefer to
all others. And you can get them if you act today. On the other hand, it costs you nothing, nor does it obligate you in any way.
You simply have an advance opportunity to determine whether we have just what you want in this big Suburban Development
before the other fellow gets the lot that you prefer above all others. ,
This advance announcement is made in the same spirit of fair- -
ness that actuates all our dealings. It appears in the same news
paper that will later carry our complete two - page announcement.
Whether you benefit by acting upon it and MAILING THAT COU
PON TODAY or put the matter off until next Thursday or Friday
that DEPENDS ENTIRELY UPON YOU.
Why wait for the rush that will follow next week's complete an
nouncement when this COUPON will enable you to beat the other
fellow to it? And without any rushing on your part. You can see
for yourself just what a suburban real estate operation is here presented.
THE J. W. HOLLOWAY CO.
The J. W. Holloway Co.
Room 54 Metzerott Building,
1110 F St., Washington, D. C.
Please mail advance information to the
undersigned concerning your new Suburban
Real Estate Development as announced in The
Washington TIMES Saturday, June 28, 1919, with
the understanding that I am in no way obli
gated to make a purchase.
Phone Main 908-909 or Lincoln 3561
For Free Auto Service.
1314 FST.NV .7tb AND HSTS-NX.
54 Metzerott Building
Phone 898 Franklin 111ft F5f W !,, H O
1AV A tfmj W U.OJ.XA Q.VSAA; JES.
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