Evening star. [volume], August 02, 1930, Page B-2, Image 14

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

Image provided by: Library of Congress, Washington, DC

                
B-2
PRESIDENT LAUDS
BUILDING AND LOAN
Jells Convention Employment
Stimulated by Money
Used for Homes.
(Continued From First Page.)
1930 there continued a gradual but
l toady Improvement. Associations
which had borrowed from banks to
meet the withdrawal demands of share
holders began to liquidate their indebt
edness and many resumed the making
of mortgage loans. In the second quar
ter of the present year the associations
did a fair volume of business under
more established conditions.
Many States Report Improvement.
"California, for the first half of the
Gar, reports an improved demand for
ins over last year. Ohio, Wisconsin.
Minnesota, Oklahoma (except in the
northern part), Idaho, lowa, District of
Columbia and most of the States in
the Eastren sections report improved
receipts with less withdrawals and an
adequate supply of funds for all pur
poses.”
Here the league secretary-treasurer
Buggcs„:cl that these Institutions be re
quired in the future to create reserve
organisations or create other more am
ple reserves to meet periods such as the
one last Fall, and stated that New Jer
sey had recently passed an act which
will require building and loan associa
tions in that State to invest a certain
sum annually as a liquid reserve to
meet such emergencies.
Touching on all types of construction
being undertaken throughout the United
Stare*, the speaker stated that con
tracts for residence const-notion award
ed in 36 States in tb ' hree months
of 1930 were down 4t, j; 'nt as com
pared with 1929. Tom contracts
awarded for all classes oi construction
for the first quarter of 1930 fell off
only about 14 per cent, and for the first
half of 1930 residence construction con
tinued nearly 50 per cent less than the
amount shown for the corresponding
period of last year, but contracts for all
classes of construction improved some
what during the second quarter, so that
for the first half of the year all con
struction was off only IV/a P« r cent
over 1929.
Gives Detailed Figures.
In giving detailed figures on gains in
assets by States, Cellarius said New
Jersey showed the greatest gain, having
added $119,074,037 during 1929. Penn
sylvania made a gain of $59,943,656 and
Ohio $46,145,259. Other States making
gains in assets of $10,000,000 or more
for the year were: Wisconsin. $31,162,-
283; Illinois, $28,495,532; Massachu
setts, $27,516,610; Texas. $23,981,515:
New York, $20,680,594; Missouri, $19,-
224,363; Michigan. $18,468,603; Indiana.
$14,047,877, and Kentucky. $13,367,294.
Periodic surveys of the building and
loan business, which will include studies
of the demand for mortgage money and
the forecasting of .demand for homes,
will be made as the result of recom
mendations of the executive committee
of the United States Building and Loan
League.
Herbert U. Nelson. Chicago, executive
secretary of the National Association of
Real Estate Boards, addressed the com
mittee on work begun July 1 by four
large organizations, the first to study
the economic aspects of present-day tax
problems. The organizations are the
Real Estate Association, the Building
and Loan League, the National Associa
tion of Building Owners and Managers,
and the Mortgage Bankers’ Association
of America.
Tax Problem Studied.
Several sides of the problem of the
tax question, including whether or not
State income taxes are a solution of the
heavy burden now imposed on real prop
erty owners, are being studied by this
committee, which represents financial
Institutions with assets and resources of
billions of dollars, the owners of real
estate and the owners of commercial
buildings throughout the country.
-
REAL ESTATE BOARDS
WILL ORGANIZE OWNERS
Effective Voice in Legislation Is,
Desired for Property Holders,
Association Declares.
At present more than 70 local real
estate boards in 32 States and in Hawaii
and the Province of Ontario are or
ganizing or considering the organization
of property owners’ divisions with view
toward affording property owners
throughout the country an effective
voice in legislation bearing upon real
estate, according to the National Asso
ciation of Real Estate Boards.
The association, at its recent Toronto
convention, went on record as favoring
the ‘‘three-way membership” for the
property-owner member, a plan which
Includes affiliation with the property
owners’ divisions of the local board,
the State real estate association and the
National Association of Real Estate
Boards, and provides a means for ex
pression of the interests of the property
owner In local, State and national legis
lation.
HEAVY INSTALLMENTS
HELD FAULTY BUSINESS
League President Declares $4,000
Should Be Home Limit for Men
on Salary of $175.
A man earning $175 a month cannot
gafely agree to pay more than $4,000 for
a home, including the site, garage, lawn,
shades and linoleum. R. Holtby Myers,
Los Angeles, Calif., stated at the open
ing session of the annual convention
of the United States Building and Loan
League, held this week.
Myers, who is the first vice president
of the league and president-elect for the
coming year, scored the businesses that
get the public to undertake installment
payments and other obligations too
heavy for their incomes. He said that
the good building and loan officer will
not permit a family to undertake the
purchase of a home beyond its means.
OPEN SUNDAY
2 to 5:30 P.M.
1529 East Capitol Street
Oil Burner—Frigidaire
Thos. E. Jarrell Co.
Bralter*
721 10th St. N.W. National 0765
ELEVEN BUILT!
—TWO LEFT—
Beautiful 13th St. N.W.
(Sample Houee, No. 5743)
•
Don’t miss this opportunity to
secure one of these modern
homes In one of the finest loca
j tions in the city. 8 rooms, 2
* baths. 2-car garage, large front
and back yards, stone retaining
f. walls, a full 20-foot house. Many
* added features. Drive out Sun
iday and settle the home problem.
Waple& James, Inc.
jl 1226 14th St. N.W. North 0962
REAL ESTATE.
Gables Lend Interesting Silhouette to Home
House of Five Rooms Is
Planned for Lot 30 by
100 Feet.
Stucco on Wire Latk May Be
Used as Material If
Desired.
| Its manv gables lend an Interesting
silhouette to this home of English de
sign. It is a small, five-room house,
planned for a narrow lot measuring
about 30 by 100 feet, although it will
look better on a larger piece of land.
Brick painted white is the ideal con
struction material, but stucco on wire
lath also mav be used if desired. The
woodwork should be natural gray,
weathered, and copper leaders and gut
ters should be used.
Most of the color in this house is in
the roof, for the shingle tiles are meant
to be red. purple and orange in color.
The living room is the largest and
with its fireplace the most attractive m
the house, closely seconded by the din
ing room, with its outlook on the porch.
On the second floor the two bedroom*
have excellent cross-ventilation. and the
bath is centrally located, while closet
space is ample.
The windows of the living and dining
rooms both have a desirable southern
exposure, if the house is placed accord
ing to the architect's plan.
WOMEN PERMITTED TO OWN
PROPERTY 2,000 YEARS AGO
Conveyancing Had Well Defined Rules for
Protection in Laws of All Ancient
Legal Systems.
People who think that the independ
ence of womeft is something new will be
interested to leam that women could
own property in their own right 2,000
years ago in the Grecian city of Gor
tyna, on the Island of Crete.
The conveyancing or transfer of prop
erty had well defined rules for the pro
tection of the property owner in the
laws of all the ancient legal systems in
the world, according to Dr. John Henry
Wigmore, professor of law at North
western University, Chicago, acknowl
edged authority on legal contract*, who
has just published a three-volume book
entitled “A Panorama of the World’s
Legal Systems.” Dr. Wigmore spent 10
years on this work, the first of it* kind
to be attempted.
Arabic Deed Dated 1596.
The longest real estate deed in the
world, recently discovered, Is written in
Arabic and dates from the 1500's, says
Dr. Wigmore in his chapters on the
Islamic or Mohammedan Legal System.
This deed, which established a trust in
favor of the grantor’s heirs and freed
men, is in the Khedivlal (Royal) Li
brary at Cairo.
“Conveyancing of property In the
Islamic system reached a development
well comparable with that of the mod
ern Anglican system, not only in the
standard forms but also in the tech
nical concepts,” says Dr. Wigmore. "The
•wakf or trust * • • exhibits the
remarkable juristic Instinct of the Arab
thinkers. In the ‘wakf’ they invented
a legal concept which equals, if not ex
cels, in originality and practical utility,
the Anglican trust; it combines the
ideas or trust, family entail and chari
table foundation. The grantor trans
fers the bare legal title to God, and ap
points an administrator to manage the
property for the beneficiary; thus there
are four parties to the transaction. This
expedient has proved so flexible and so
popular that In the Ottoman Empire
three-fourths of the city lands were
held by this tenure.”
The Koran, the great blble of the
Arabs, the “Word of Ood," written by
Mohommed in the sixth century, is the
source of Islamic law that still governs
I 250,000,000 people.
Made Alms With Property.
At present in this country, land for
mally dedicated to public use can never
be used for any other purpose. Over a
thousand years ago, the Prophet Mo
hammed wrote: “Ibn Omar relates
that Omar, in the lifetime of the mes
senger of God, made alms of one of his
properties called Tsamgh, which con
sisted of a palm-grove. Omar said: ‘O
messenger of God, I possess a property
which Is precious to me and I would
make alms with it.’ The prophet re
plied: ‘Give it in alms but provide that
it shall never be sold nor given away
nor divided among heirs, but the fruits
of it shall be used.’ So Omar made
alms with the property, dedicating it to
the use of the holy war, the ransom of
slaves, and the support of the poor, of
guests, of travelers, and of kindred.”
On the distribution of an estate the
Koran, sect. IV, verse 12, says: “God
bids that, in distributing an estate, a
son receive aa much as two daughters;
if only daughters remain, and more
than two, they receive two-thirds of the
estate; if only one, the half. Father
and mother shall have each one-sixth,
if there Is a child; If none and parents
take, the mother has one-third; if
brothers survive, the mother takes one
*ixth; provided that legacies and debts
be first paid.”
In the eighth century the use of writ
ten deeds had spread northward from
Italy; but the deeds were in Latin and
were prepared by a scribe, and usually
neither the grantor nor the grantee
could read the document. The clergy
and the monks were the only educated
people at that time. As late as the 1
Almost Unbelievable!
New 7-Room Brick
in Marietta Park
*8,350
Exhibit Home —624 Madison St.
Advance showing of a new group j
of homes that are positively with
out equal at the price. Seven rooms
(4 bed rooms), tile bath, oak floors,
cedar closet, electric refrigeration,
garage, deep lots, many other sea-
Built by
C. W. Williamt tUreS ‘
Facing Government Park and
120-ft. boulevard —near two car
lines, schools, stores, etc. Inspect
Sunday. Open daily until 9 P.M.
For Sale by H. PARKER Col. 1790
f
THE EVENING STAR, WASHINGTON, D. C, SATURDAY. AUGUST 2. 1930.
P
1200's, few of the nobles and large land
owners could write more than their
names; much less could they write
Latin. In a deed of A.D. 757, one of
the oldest extant deeds north of Italy,
the grantor does not even sign his
name; the earliest signatures by grant
ors do not appear until the 1300's.
The conveyancing was chiefly in the
hands of the monks. They had come to
own possibly one-half of all the lands
in Christian Europe, through numerous
pious bequests, and they were naturally
expert conveyancers. A deed dated
A.D. 757, bequests three large estates
to the Monastery of Bt. Gall in Switzer
land. “for the remission of my sins.”
Tbe oldest private Instruments in
Europe north of Italy are at the Mon
astery of St. Gall. These deeds date no
further back than the 700's, so a deed
executed in Japan in August, A.D. 748,
is considered quite antique. It gives
the area of a piece of land sold by one |
Uji-no-sukune Okuni to the family of
the lady Minami Fujiwara. The deed j
states that this is residential property
and has on it two houses; It gives the
exact location of the property and fur
ther states that the papers have been
filed in the office of record —a procedure
necessary in this country today in the
transfer of real estate.
A record of a mortgage loan, also from
Japan, made out in the year A.D. 773, 1
states that “a shingle-roof house on one
lot of residential land” is the security
for the loan which will be repaid with
interest "on receipt of my wages.”
In China during the Ming dynasty,
about A.D. 1400. the minister Yung
Lo framed a new general code and on
this code was founded that of the next j
Manchu dynasty, the Tsing, some two
centuries later. This Ta Tsing Lu Li or
I Code of Tsing because law about A D. I
1650, and endured until the revolution !
of A.D. 1912. i
EX-DICTATOr’TO FACE
OLD CRIMINAL CHARGE
Lithuania Reopens Case Against
Waldemaras Involving Alleged
Misappropriation of Funds,
By the Associated Press.
RIGA, Latvia, August 2. —Lithuanian
dispatches yesterday reported that the
reopening of criminal proceedings
against Prof. Augustine Waldemaras,
former premier and virtual dictator of j
Lithuania, has been announced by M. I
Kalvoitis, prosecutor of the Lithuanian
Supreme Court.
The charge against Waldemaras, who
was recently expelled from Kovno, is
the old one of having misappropriated
50,000 Danish kroner i about $13,500)
in the early days of Lithuanian inde
pendence, when Waldemaras was nego
tiating with the Danish government at
Copenhagen.
The specific allegation la that the
fallen dictator gave an unsatisfactory
account of his expenditures during the
mission. Proceedings were started
against him on this account In 1921,
but for various reasons were postponed.
THE ARGONNE
16th A Columbia Road N.W.
Living Room, Dining Room,
Kitchen, Reception Hall
and 2 Bed Rooms
REASONABLE RENTAL
ELECTRICAL REFRIGERATION
■
ADVERTISING GAINS
ARE DEMONSTRATED
Building and Loan Association
Policy Shown to Hart
Borne Fruit.
There appears to be a direct connec
tion between advertising by a building
and loan association and gain in re
sources of that association, Clarence T.
Rice of Kansas City, Kans., reported at
a meeting of the advertising division
of the United States Building and Loan
League this week.
Reporting on a study of building and
loan associations in eight States, in
discussing the advertising budget and
plans for $1,000,000 associations. Rice
stated that the organizations that use
advertising showed big gains in re
sources.
For instance, he reported 13 $1,000.-
000 building and loan associations In
Arkansas showed gains in resources to
taling nearly $5,000,000, with advertis
ing costs of $23,400, a cost per SIOO of
growth of 48 cent*.
"A $1,000,000 association can safely
spend 2Vi per cent of its gross earn
ings for advertising in order to show
the public the sound and attractive fea
tures of building and loan investment,”
the speaker declared.
! WIFE SLAIN BY HUSBAND
20-Year-Old Matron Shot by Es
tranged Mata.
BIRMINGHAM. Ala., August 2 (A 5 ).
Mrs. Louise Wood, pretty 20-year-old
matron, was shot to death late Thursday
night by her estranged husband, who
later took his own life.
The shooting took place in front of
the home of Mrs. Wood's mother, Mrs.
Marjorie Hall, in a fashionable resi
dential section here.
' ~
I CALIFORNIA BUNGALOWS
r-
V
Piney Branch Road and Rittenhouse
(West of Georgia Ave.)
Five-room tapestry brick bungalow, concrete porches,
tiled hath with shower end built-in tub and pedestal
lavatory; beautiful hardwood floors; hraakfast alcove;
fireplace. Some of these bungalows have extra targe living
room*, vestibules, and unusually attractive and convenient
kitchens. Soma have built-in garage* and othars hav*
outsid* garage*.
Facing a 90-foot boulevard with center parkway, this
subdivision will be unexcelled for location. Near stores,
schools, churches and transportation. Salect ona under
construction and have it finished to order.
Prices, $8,950 and $9,500. Special discount for large
cash payment.
G. W. Chase
Owner and Builder
415 Cedar Street N.W., Phone Georgia 3399
Takoma Park, D. C.
1 " - -
I MICHIGAN MANOR I
Crowning the Crest of Highest Point
in Entire Development
J. B. TIFFY, Builder
fl' \ Breakfast
1 ~ s * n< i
f ireplar. 111
1310 WEBSTER N.E.
Bigger end better than ever—the slogan of Mr. Tiffy, the man
who built these beautiful new homes. Believing that a section with
such natural beauty deserved homes of equal beauty, every effort was
made to build a home as beautiful and complete as modern science
makes possible. Every convenience and luxury known to modem
building have been incorporated in these homes, leaving the modest
cash payment as the only expense necessary to moving in.
Situated on the crest of a hill and almost completely surrounded
by the beautiful grounds of the Catholic University and other similar
Institutions.
Take Brookland ear to Michigan Avenue (end of line), walk right to lith
place, left to Webeter St. and houtee. Or drive out Rhode l eland Ave.. * urn
north at 12th and left on Michigan Avs. to 13th Place, and left to houses.
Tower Bldg., 14th & K Diet. 0853
GEORGIANS REQUEST
REWARD FOR SLAYER
Montgomery County Group Asks
Governor to Put Price on
Killer’s Head.
g
By the Associated Presa.
MOUNT VERNON, Oa„ August 2
The Montgomery County Commission
Thursday adopted a resolution calling
on Gov. L. G. Hardman to offer a re
ward for the apprehension and convic
tion of the slayers of S. S. Mincey, 70-
year-old colored Republican leader.
A mass meeting of citizens has been
called for Monday for a public dis
cussion of the crime.
Mincey was for years chairman of
the Republican Committee of this coun
ty. He was kidnaped from his home,
struck over the head with a gun and
then carried about 25 miles Into
Toombs County, where he was terribly
befttfin.
He was returned to his home at Alley
bv a white man, who found him crawl
ing along the highway.
Officers said Mincey told them his
assailants were masked and robed.
They said that they were satisfied
Mincey's political activities furnished
the motive for the slaying.
INSURED FOR MILLION
NEW YORK, August 2 (A*).—Three
men who died last year in the United
States left more than a million dollars
apiece in life insurance policies, ac
cording to the National Underwriter.
William B. Ward, baking company
president, of New Rochelle, N. Y., left
| approximately $5,000,000 in policies,
i Thomas E. Houston of Cincinnati and
j Elkhorn, Va„ coal man. was insured for
! $1,845,048 and Alexis Romm of Mount
Vernon, N. Y„ for $1,020,000.
BALTIMORE EVICTION
RECORD IS BROKEN
First Six Month* of Year Show
Greater Number Than in 1929
on Court Book*.
Special Dispatch to The Star.
BALTIMORE, August I.—Evictions
and five-day notices to move because
of non-payment of rent, Issued during
the first six months of this year, exceed
the figures for 1929. officials of the
People’s Court here report.
Judges and constables attached to
the court said the usual decrease In
the "poverty cases,” generally experi- j
enced in Summer, was not noticeable j
this year. Instead, they said, the num- !
ber of eviction cases continued to,
mount daily.
Judge Sherbow explained the five-day
notice law which, he said, exists only
in Maryland. In cases of a renter not
paying and not holding an agreement
of more than 60 days or a lease of more
than two months, the landlord, he ex
plained. on the day following the day
the rent is due, can obtain a notice
for the price of 90 cents.
This notice is tacked to the front
door of the residence. Two days later
the man is hailed into the People's
Court and an agreement, Is reached or
he confesses his inability to pay. Three
days later his furniture may be placed
on the sidewalk. Five days after the
rent is due the man may be homeless.
Figures submitted by Chief Constable
Doyle showed, during the first six
months of 1930, 11,735 five-day notices
were issued, against 9.140 for the corre
sponding period of 1929.
Whereas the usual eviction rate was
10 a week, it was explained, the con
stables are now setting out the furniture
of between 35 and 50 families each
week. Rent cases, which formerly
numbered 35 to 50 a day have soared
to about 120 a day.
- ■ ■ ■
U. S. Walnut* Grow in France.
GLENOBLE, France, August 2 (JP).—
The best market for the walnuts of
Grenoble is the United States and they
are grown on trees that came from
America. When groves years ago were
threatened by disease hardy varieties of
walnuts were found in the United States
and planted here.
* Mtalpij ijfriyljtH 1
The Garden Spot of Washington
/TJOWN through the ages architecture has continually developed and
construction methods have progressed accordingly. To keep abreast
of these attainments, we have pledged our untiring efforts to make the ikj
ffliUrr-Suilt house the standard for superior home construction. In
| this we have been successful. Ml
Aware of the difficulty for the average layman to realize from a fin
ished house the kind of materials and workmanship that have been used, m
, ity and appreciative of the fact that the longevity of your house primarily v
depends upon these two elements, we cordially invite the public to
visit JUffllfg and carefully inspect the houses under construe- Ky
tion. See for yourself the finest building rnaterials being woven by
j: skillful artisans into a finished jßtUer-IHutft house.
Although every finished house in Mralril firujljtfl has been sold, you W
will find available for your inspection houses in various stages of con- jj
,v struction. Visit the section around Garfield and 44th Street N. W.
* 11. 0L mb A. N. Millet I
Builders & Realtors
* 111917th St. N.W. Decatur 0610 |
' ... • ~ ■ H? 1 " •'
i '- jBB--i » p%sapf tflf Htt
riaiOi»iWTr-ffir— —
+ + Introducing
The New Cooley Bros?
A DEPARTURE from th. \f aripti/ I. #-/-.! I
-*»■ usual in design and roof- ▼CI I I Wr- L y I wl \J
line treatment lends striking y
beauty and distinct character <y*o <2y<i
to this new group. And this
step ahead in exterior scheme p*
is matched hv the practical DDirtT ilAirv -w JC \Jk 1
plan and de luxe appoint- riUCH, UHLI
ments found within. *
Six hig rooms, front and I EXHIBIT HOME
double rear porches, built-in
garage, variegated tile bath, 997 I nnClfp AW V
deep cedar-lined closets, oak JLXmi LUII sV Jl*
floors, natural trim, Frigi-
daire, 2-tone Sanitas on kitch- Open Every Day Until 9 PM.
en walls, fixtures and decora- -CXS
tions of superior quality and
taste. Arrange an inspection /VT> n
SUNDAY -there are onTy DVOS.
seven homes in this group— ■ fy autLotas of bettcii homes*
and they'll be sold before the
regular Autumn home hunt no . A
begins. Tower Bldg. Nat’l 9240
REAL ESTATE.
| HOUSE COST AVERAGED
$4,008 Declared Usual Dwelling
Price, Exclusive of Lend.
Father must be' prepared to peel off
$4,902 from the bankroll, exclusive of
The Only New Homes 20 Ft. Wide in Petworth
See 424 Farragut St, N.W .
Colonial Type, Tapestry Brick Home
with Concrete Front Porch and Man
sard Roof with Attractive Dormer
Windows.
20 Ft. Wide, Making All Rooms Large (//"V A
and Desirable. y/VJ jf I
Containing 6 Bright, Beautiful Rooms. ' J
2-Color Tile Bath, with Built-in Tub
and Shower. TERMS
Breakfast Porch and Sleeping Porch 20
Ft. Wide by 10 Ft. Deep.
Hardwood Floors and Trim Through- More Features and
• out • More Values than
Urg' Clothe, Closet, with Pl.tfCl.ss tytr ogere< , h u , m
Merror Door —Cedar Closet. ~ "
Beautiful Electric Fixtures. thu Locgtton -
Automatic Hot-Water Heater.
Well-planned Kitchen with Special ,
Built-in Cabinets, One-piece Sink and To reach property
Large Kelvinator. dr ' tve Ave ‘ or
Large Yards 142 x /j ft. Deep, Beauti- Kansas Ave. east on
fully Shrubbed and Garage • Farragut.
Located on One of the Highest Points
m Washington and Convenient to
Parochial and Public Schools, Stores,
Cars and Busses.
14th & K CAFRITZ Dist. 9080
land cost. If he plana a modest one*
family metropolitan dwelling in 1930.
That sum is the average building cost
of 43,320 single dwellings In 85 clues of
the Nation today, according to Henry
Klein St Co.. Inc.
Motors which operate 20 different
kinds of labor •saving devices for the
kitchen are being made In Germany.