Evening star. [volume], May 09, 1925, Page 18, Image 18

About Evening star. [volume] (Washington, D.C.) 1854-1972

Image provided by: Library of Congress, Washington, DC

                
18
BABSON ANALYZES
BUSINESS NEEDS
Finds Better Management
Greatly Needed to Check
Fluctuations.
BY ROGER W. BABSON.
Special Disp?t«*h to The Star.
: W.ELLESLEY HILI.S, Mass.. May
9.—-Many business men are wondering
why. with fundamental conditions so
smuoh better. there is no greater im
jjirovement in general business. With'
money so cheap and labor quiescent,
-why is it that sales are so difficult and
profits so small?
■r One is apt to think that there are
■only two two important factors in in
jflustry—namely, capital and labor. Os
course, this is a great mistake, and
the error never was more obvious
than at the present time. We now
have very cheap money, so that cap
ital can readily be obtained- for even
questionable promotions: while 1 the
country has not been so free from
labor strikes for years.
Management Also Vital.
tVhat then is the difficulty? There
are various difficulties, but perhaps
our real trouble is that we have for
gotten that there are three important
factors, and that the third is manage
ment. Has there been enough im
provement and growth in manage
ment? Are not many corporations still
carrying the burden of a superan
nuated personnel?
Cutting overhead means to many of
ficials the cutting of everything ex
eepting their own salaries, when really
the corporation might be better off if
they quit altogether and gave their
position to younger and more re
sourceful men. There is little question
that all of us should wake up and per
form our work more efficiently.
Factors in Management.
The greatest values tire created
neither by capital nor by labor, hut
by good management, and this good
management is made up of character,
judgment, vision and courage. The
leadership of every corporation is de
termined by this factor. Good man
agement is not a question of age, of
family or of wealth. Sometimes age
helps and sometimes youth helps,
while other factors are sometimes a
handicap or an advantage.
One thing, however, is certain —that
however large the corporation find
however many officials it may have,
some ohe man is usually responsible
for the management. Moreover, cor
porations without such a “boss” are
well nigh hopeless. Certain railroads
and industrials which are not doing
well today are cither lacking a boss
or need a new one.
After a successful battle Napoleon
always gave the credit to his “brave
generals.” He stated that they really
had done all the work and were en
titled to the praise. Whatever Napo
leon really thought, we shall never
know. History, however, teaches that
after Napoleon was taken to St.
Helena all the “brave generals" went
to farming! If they were all so im
portant. it seems as if one of them j
puiMn • * ;■ ■; - ijj; 'iNiiiPUil®
..uin.aiui'iJ".'-.... i«j!liui...... AmdiiliimiiiilillL;;: t »i..:u .. ..ili! . i ‘•U>.
| 5 Built —2 Sold
Newly Completed Detached Homes
In
West Chevy Chase Heights
Values to Be Appreciated by Thrifty People
Have YOU Seen Them?
1 *6,975 to *7,975 1
SI,OOO Down; Balance Monthly
Exceptionally well built—open brick g
fireplaces, hot-water heat, gas. electricity, j§||
jjt*ii«s=»*3fi»*Sßs,=isS».;,! water, sewerage, concrete cellar under §I|I
DIRECTIONS ' ™ tire house - , fr l ont l anfi , ,™ ar porches.
Drive out S hive r °oms and bath with large attic. Igg
jjj Connect icut ■ 1
| Ss&Ar.'S :■ THOMAS E. HAMPTON -
m and north on
Sj Rockville Pike m Owner and Builder
n two squares ~-&k . g§g
; beyond the g Tel. Bethesda 244 m
.; Bank of Beth- gj . jf=
esda to houses, gj
•i .. w
THIS IS THE
Built by Us Under the Guidance of the
Home Economics Association
] You Are Cordially Invited to Carefully Examine
This Model House
Whenever It Suits Your Convenience.
Take Alexandria or Mt. Vernon car at 12th St. and Penna. Ave.,
and get off at Aurora Hills station; or motor across the 14th St.
bridge toward Alexandria and look for our signs. •
L AURORA HILLS .VIRGINIA
OFFICE —SOI GREENE AVE.. AVRORA HILLS. VA.
PHONE CLARENDON 640-W-3
■■
REAL ESTATE.
would have made good without Napo
leon to lean on.
All of which makes me believe that
the trouble with some corporations to
day is that the "old man" is either!,
| dead or else is not tending to his job.
The "brave generals" are doing the
best they can, but they are helpless
without their leader, however large
their salaries may be.
I wish there was some way by which
management could be satisfactorily
! listed in every balance sheet. Os
course the balance sheet reflects man
agement. but does not actually list is
as a liability or as an asset. Yet in
most corporations the management is
the greatest asset or liability which
the corporation has. Management
not only is of greater importance than
cither capital or labor, but manage
ment attracts the capital and directs
the labor.
Ilow Fortunes Are Made.
Nearly all great fortunes have been
made either because of the posses
sion of great leadership qualities or
because of the ability to select these
qualities in the men hired to build an
organization. Wealth, education and
other things which we think so im
portant are merely trimmings. The
real question deciding success or tail
ure in the industrial world is a man’s
leadership or management qualities.
Those who have such may safely
go into business for themselves or
undertake a managerial position with
a great corporation, but those who
have not such qualities should always
work as employes and never attempt
to dictate policy.
Change in Views Noted.
Many who wore very pessimistic on
railroad securities a few years ago are
optimistic today. Such men are now
buying railroad stocks at prices above
what they sold them for in previous
years. In. some cases the situation
has so fundamentally Improved lha'
such a change in attitude is justi
fied. but this is not a safe assumption
in many cases. Many of the rail
roads are still in need of a real boss
and many others need a change in
management.
Just because the railroads are now
free from labor troubles and are en
joying good rates and easy money is
no reason why they are permanently
; Mass. Ave. Heights |,|
2711 36th St. :
I |
J Desirably located on 36th St. ; j
| near Mass. Are., in the vicinity j
| of the proposed British Km- j
j bassy, an attractive colonial 1
j brick, just completed. First I
1 floor—-living room, sun parlor. j
! dining room, kitchen and pan- I
j try. Second floor —Five bed- |
rooms, 3 baths: hot-water heat; j
with large uttic: interior deco- j
ration all hand-painted; in every i
detail of construction is evi
dence of skilled craftsmanship, i
good taste and careful plan
ning. Lot is 50x110; 3-car brick
j garage.
Open for Inspection
| Sunday Between 10 A.M.
and 6 P.M.
Salesman on Premises
Thomas J. Fisher & Co., Inc.
738 15th Street N.W.
Main <>B3©
|
I ~ --^11
THE EVENING STAR, WASHINGTON, 1). (J., SATURDAY. AIAV 9, 1925.
! P U J, wo °d s . Frankly, 1 do no.
believe they are. The old troubles
will return in many cases where the
I former unsatisfactory management
conditions still exist.
All of this means that there may
.>e a good reason why business as in
dicated by the Babson chart* has been*
jumping around so’of late. In the
ball of 1924 business was 14 per cent
below nof-mal. In February, 1925, 1
was up to 7 per cent above normal.
It is now sliding off again, standing
at only 1 per cent above normal. Tin
probable reason for this is that, aJ
though fundamental business condi
tions have unproved, there has no.
yet been a corresponding improvement
in management.
So far as nil of us are responsible
foi this condition let us help to rem
ed.v it by tending more closely t<
business, insisting on stricter dis
cipline and by promoti ig according tc
ability rather than by friendship.
(Copyright,' 1025. i
SALE OF MONROE HOM.E
FOR BUSINESS SITE HIT
John A. Stewart Calls Transaction
Bitter Commentary on New
York Indifference.
by the Associated Press.
N'KW 1 OHK, May 9.—Announce
ment .of the sale of the old home ul
James Monroe, fifth President of th<
United States, last night broughi
from John A. Stewart, a director oi
the James Monroe Memorial Associa
tion, criticism of the citizens of N*‘\\
York in permitting its loss. Tht
historic home, now used as a rag
pickers* mart, is to be replaced by
a skyscrai>er to house a. cloak ant
suit business.
"The failure to save the Monrot
home for posterity.” he said, over tht
telephone from Washington. D.
a bitter commentary on tbe utter in
difference of the seven and one-hal:
million of New Yorkers to anything
that does not pertain to pleasure oi
business.”
New Homes of Unusual Merit i
i j THREE SOLD
On Border of Glover-A rchbold Park Extension
Nos. 2400 to 2416 Thirty-seventh Street N.W.
Colonial Style—Exceptionally Well Built
Seven well-proportioned rooms and large sleeping
porch; roomy bath with built-in tub and shower; pantry
with built-in refrigerator. Huilt-in garage; spacious front
and rear concrete porches. Interior decorations in excellent
. taste; distinctive electric lighting fixtures; best quality
plumbing fixtures; Detroit-Jewel gas range. Front rear
lawns sodded; handsome stone retaining wall.
$9,500
(End Houses, $11,500)
Lee D. Latimer Company
Realtor
| 907 !sth Street N.W.
mmtmtmttmmmmrnnsxmmmttm#
| “Martin Quality-Built Homes’ H
♦♦ Inspect Them Today ♦♦
H 707 to 727 Kennedy St. N.W. |
H »
it —Compare These Features — ♦♦
♦* ♦♦
XZ 3 Large Bedrooms Tiled Bath, IVith Built-in Tub ++
ii Large living and Dining Booms , „ 12
TY „ _ . , , ■> Porches (Concrete Front Porch) 55
Xt Fu y E( l m PP ed At/rAe* Lot 140 feet to Alley ZZ
♦♦ Built-in Ice Box Garage ♦♦
»♦ ♦♦
ZZ To Inspect ♦♦
I ZZ Take 14tli Street ear, get off at Btli and Kennedy Streets, ZZ
♦♦ or take any 9(h Street car and get off at Kennedy Street and ♦♦
♦♦ walk east to houses. ♦♦
ill in
| JAMES MARTIN REALTY CO. \\
%Z Exclusive Agents tt
H 721 13th St. N.W. Main 2850 H
♦♦ ♦♦
a A
edgemoor"
BY WILLIAM W. BRIDE
COMMUNITY life—w’thin the portals of Edge
moor is a new spirit of friendliness and con
tentment. Folks here are genuine. They love
the beautiful setting of their homes, and their
friendliness extends to tlie sports, recreation and
social environment of this “The Supreme Achieve
ment in Community Bui.ding.”
We have the only Community Club House in the
Washington suburbs. Within a few minutes’ motor
ride, in different directions, we have ten country clubs
and golf courses, a fact true of no other suburban com
munity in America.
Although we are only thirty 'minutes from down
town Washington, we are far removed from the ordinary
undesirable features of city life, yet close enough to ap
preciate and enjoy its advantages.
MADDUX, MARSHALL, MOSS & MALLORY
nos 16th St. n.w. (Incorporated) Mu. 8970
$
$325,000 REALTY
SALES REPORTED
Active Selling Market Is Shown in
Sansbury Transfers in All
Parts of City.
The recent transfer of 30 properties
is reported by the office of N. L. Sans
bury. These transfers, which Include
residences, lots and business proper
ties, are valued at $325,000.
Sales in all parts of the city are in
cated in the report, which shows a
very active selling market. The trans
fers include:
The property at 1501 .Delafleld place
northwest was sold for an out-of-town
owner, Ethel G. Headen", to R. Vir
ginia Hoover. The purchaser was rep
resented by the office of T. M. Neale.
Two lots on Taylor street west of Six
teenth street were sold by George Y.
Worthington & Son to Harry Blake
through the office of Allan E. Walker
& Co.. Inc.; 1655 Harvard terrace
northwest was sold by Eleanor O.
Lewis to Annie Glass, who is occupy
ing it; 1746 Kenyon street northwest
was bought by John D. Kehoe and
Nellie M. Pay fair from Maj. W. C.
Short; Alice G. Schreinert sold 1221
Quincy street northwest, one of the
Saiisbury-built houses <>n this block,
to William H. Scott and wife; prem
isos 5712 Thirteenth street northwest
was bought by Edith E. Byrne from
an out-of-town owner; 1031 Park road
northwest, a three-story brick house,
was purchased from Lee Roy Brown
and wife by E. M. Sparks; Mr. and
Mrs. Ernest Knighting purchased 713
Princeton place northwest; 323 Var
num street northwest was bought by
William C. Cunningham and wife
from Fred W. and Ruth M. Conrad.
The semi detached home at 432 La
ment street northwest was sold by A.
M. Hanseh to Mrs. Lucretla K. Conlon.
A row of new homes, at Third and
Adams streets northeast, just off
Rhode Island avenue, built by the
N. L. Sansbury Co., Inc., has been
sold by them within the last few
weeks. Purchasers for the respective
houses are: No. 301, Charles G. Dern;
303, William M. Heyl; 305, Rosa E.
Smith; 307, Patrick J. Collins; 309,
William J. Poch; 311, Anthony De
Sales Baden; 313, Joseph H. Moore,
and 315, Minnie L. Spessard.
A home in Chevy Chase, 5219 Forty
second street northwest, was bought
by William F. Wallis from Luther B.
Sleet; 4529 lowa avenue was sold to
Henry Leibel by John T. and Eliza
beth Williams. The property at 2476
Ontario road, a three-story, 10-rooni
house, was sold by Helen Myers to H.
L. Coleman and wife; 305 C street
southeast, owned by Mary T. Metzel,
was bought by Joseph M. Phillips.
Several new Petworth homes have
just been sold also by the Salisbury
Company. These include 4312 Second
street northwest, bought by W. E.
Orillbortzer from D. J. Dunigan; 431
Second street northwest, bought by
Charles H. Quillan from D. J. Duni
gan; 5233 Seventh street northwest,
bought by Charles E. Perry from D.
J. Dunigan; 4710 Fifth street north
west, bought by Frank Steerman from
Shaplro-Katz Realty Co.; 5010 Illinoi:
avenue northwest, bought by Willian
L. Marshall and wife from Walter
A. Dunigan.
A store at 4805 Georgia avenue was
sold by Henry A. Strickland to Marj
G. Knessi; 520 Quincy street north
west, was sold by M. and It. B. War
ren to Fred J. Leonberger: 2619 Thir
teenth street northwest was bough;
by William H. Chamblin from Law
rence C. Fountain. *
•
When a man is long on schemes he
is usually short financially.
New Brinkley Homes
ANACOSTIA
Corner Shannon Place and Chicago St.
Tapestry brick dwelling’, with six rooms and tiled bath, hot
water heat, electricity, hardwood trims, double rear
porches, built-in garage.
$7,500
Reasonable Terms of Sale
3 Sold—Open For Inspection
TO INSPECT—Turn to right on Nichols Ave. at Police Station
and walk one block to the new Brinkley homes.
Consult Your Broker or See
WM. P. NORMOYLE
810 F St. N.W. Main 2255
,[|
Location Is One of the Principal
Things to Consider When
Buying a Home
SEE OUR SUBDIVISION OF
Eakoma sark
6640 Piney Branch 820 Aspen St.
Road N.W. Northwest
Corner home, on 105-ft. street. Eight rooms. Oak floors
Six rooms. Four large porches. throughout. Open fireplace.
Built-in garage. Cedar closets.
$12,950 —$2,500 Cash $14,500 —Easy Terms
6700 4th St. N.W.
Six-room bungalbw, all on one floor. Tiled hath, built-in tub and
shower: Attic over entire house.
Large lot, with shade trees and side drive.
$10,750 to $11,500
MKaa^oaua
1410 H CYRUS Main
St N.W. riIMMON I 1023
NEW HOMES
A Value Seldom Offered in This
Exclusive Section
1717, 171,
One Block West of 16th Street
These homes are unsurpassed in beauty, design, or
construction. They undoubtedly represent the best
home values in the city of Washington today, being
located in the most desirable of residential sections.
DESCRIPTION
Th«f homrs consist of eight rooms and two baths, besides the provision
made for servant** quarters and bath, i large double garage in rear of premises,
the most modern plumbing and electrical fixtures obtainable and, above all. that
superiority of workmanship that has earned Mr. Sugar an emiable reputation
its a builder.
Price and Terms Will Surprise You
Inspect These Homes Today
Open Daily anil Sunday Until 9 P.M.
MAX SUGAR
Owner and Builder
Or Your Own Broker
1905 Kenyon St. N.W. Adams 546
Minor Girl Seeks Divorce.
Mildred F. Bowie, a minor, through
her mother Nellie T. Stebbins, has
filed suit for a limited divorce from
Thomas C. Bowie. They were married
at La Plata, Md., February 7, and
the wife charges cruelty, desertion
and non-support. Attorney William
Wendell appears for the wife.
Pikes Peak Motor In
NEW CHANDLER
Auto Sales Co., 1711 14th N.W.
We are pleased
to announce that
Walter A. Buscher, j
formerly of
Walter A. Busclier &
Co., Inc.
is now associated with us
where he will he pleased to
meet his many friends.
Edward Strolieeker,
Inc.
1023 15th St. N.W.
Main 354-355
REAL ESTATE.
I3ISiSJBJ3MSM3JBn2fSJ3/SfSMSMBISMSJ6J3fS®SISEISEMSISJK®SJ3MS®SfSI3JSiSJSJSiSn\^
Beautiful Detached Home
Very Reasonably Priced
Easily Financed on Splendid Basis
Chevy Chase, D. C. |
3902 Huntington Street
One Block From Connecticut Ave.
Seven rooms and bath, large reception hall, hardwood [a
floors, gas and electricity, large front porch. Spacious lawn and ~
shade trees.
gj A Splendid Buy—Wonderful Location
Open for Inspection Sunday |
E ( / Goldsmith£CoA;;7 1
\ ( \ J.M.N. Goldsmith Pres.
j|j Goldsmith Building
a 1405 Eye Street N.W. .Main 9670 jp
1 28 SOLD |
Hj % The Bungalow Beautiful
I WEST CHEVY CHASE
= AND =5
| MASS. AVE. VILLAS |
IN THE DISTRICT OF COLUMBIA
S m A PART OF THE CITY OF WASHINGTON
NEW BUS SERVICE THROUGH PROPERTY
1§ % SALIENT FEATURES: §§
= VERY LARGE ROOMS =
j == PLENTY OF BIG CLOSETS m
| == POLISHED OAK FLOORS
jjg BEAUTIFULLY TILED BATH
H HOT-WATER HEATING SYSTEM
Is TAPESTRY BRICK FIREPLACE
I ELEGANT LIVING ROOM |||
j m DELIGHTFUL DINING ROOM ||j
jfs SPACIOUS BEDROOMS ||
\m REFRIGERATOR AND KITCHEN CABINET
i §§§ ATTIC LARGE ENOUGH FOR TWO ROOMS jl
| = DAYLIGHT CELLAR—LAUNDRY
§! COLONIAL FRONT PORCH
>§= LARGE GARDEN LOTS Z 2
= FRONT SHADE TREES ||§
| $8,650 J
= S3OO to SI,OOO Cash ==
== $67.50 to $77.50 Monthly
\M TO INSPECT p
| === Drive out Wisconsin Avenue to Fessenden Street, west on ==
! §== Fessenden to 47th to sample house. Or take any car, transfer to 5=5
| = Wisconsin Avenue, to Fessenden Street, west on Fessenden to ===
= 47th Street, to.houses. ==
= NOTICE—WhiIe Wisconsin Avenue is being: improved drive out < m- H=?
neeticut Avenue to Harrison Street, west on Harris.n street t<> W.- onsm r
! == Avenue. SOUTH to Fessenden Street, west on Fessenden to 47th. through 1 :e
! = property to Massachusetts Avenue. See houses completed and in all stages of
construction. =v
| WASHINGTON REAL ESTATE €O. |
|= 1415 Eye St. N.W.
== Main 2257—Main 833—Evenings, Adams 1514
= Residence Office, 47th & Fessenden Sts. N.W. Tel. Cleve. 3456 ==
P 3616 DAVIS ST.
A Detached Home
That Will Meet AH Competition
At $16,500-
In Massachusetts Avenue Park
\te urge you to inspect this splen
did home on Sunday. At this price
r 1 it will go quickly. Located in a
!y beautiful section, in midst of ex
, : j pensive homes, it offers an oppor-
I tunity to the bargain seeker the
j chance of a lifetime. Eight spacious
rooms, two baths, all modern im
provements. large lot, many features
>• that will please you on inspection.
Open Sunday
11 A.M. Until 6 P.M.
egjpvfl Drive out Mass. Ave. to Observatory Circle 92PN?
into Davis Street
-..-MfKEEVERwGQSC ...
1 lI.HtAI.TOKS. I.J
--1415 K St. Main 4752