The Washington critic., 1890-03-09
nrAL rsrArE MATTERS
boom In Amaze ostia Property-Improv-
lnr Howard unIvnrAIfN

~
Ing Howard University.
As the season advances the prudent man
OF means thinks seriously of what he can
do with his money that will yield him the
largest safe return, aud his thoughts uat-
urally turn to real estate Investments. To
the man of large income "a problem easily
solved presents Itself, for II is well known
that almost any property within certain
limits is bound TO advance rapidly in value
with ready market, but to the masses
seeking homes or investments that
will prove better than Government bonds
and snfer than stocks the question becomes
one OF the utmost Importance and most
careful consideration.
Appointment real estate man, referring
to this phsse Of the question, said that he
did not hesitate in saying that the sub
division across the Eastern Branch Bridge
was one In which he has great confidence
and which will find ready market ut
prices within the reach OF ALL The land
lies high, overloOks the city aud surround
ing country, is healthful and admits of nice
subdivision The owners will expend
good deal of money in grading, paving,
curbing, sewering and lighting the streets
so that the neighborhood will soon be in
good condition.
"I am told,n said the same gentleman,
''that a California syndicate purchased op-
tione on nearly all the property on tho Con-
necticut avenue extension; that the closing
out Of these options might possibly depend
on the success of the company In getting
from Congress a charter TO run cable road
to the District line. reaching Pennsylvania
avenue by Seventeenth, ii, and Fifteenth
streets. 1t appears now that there is serious
opposition TO the cable project from resi-
dents on Seventeenth street. In view of
the fact that this syndicate has invested
S2,O0O.00 In real estate in the District and
proposes to invest S4.000,000 In cable
road, making So, 00O, 900 of capital distrbu-
ted, and proposed to be distributed, among
the citizens of this city, think the mere
likes and dislikes Of a few individuals
should not be consulte1.n
Another dealer said: "Therc is continued
activity in the northeastern section, and
there are to-day perhaps more buildings in
course Of erection there than In any other
quarter with the same number of inhab-
itaDts to the square mile. IL Congress
would have North Capitol street vacated
and pave II and other prominent thorough
fares In that section, as should have been
done long ago, that would present one Of
the most attractive districts for investments
within my knowledge.n
Architect John Il. Baker of Orange, N.
j., has submitted plans for o new chapel
which is to be built at Howard University.
The new editce is to be medieval in style
of architecture, and will occupy O com
mandipg position easily seen from Seventh
street road, and will be constructed from
rock-face white marble. 1t will be one
story In height, 55xS5 feet, with moderately
high-pitched slate roof. A large clock
dial will ornament the facade, while o mas
sive belfry will add much to the general
effect. the estimated cost Of the struc.
ture is S25,0 600.
The work will be done under the super
vision of Architect Il. |. Fleming OF this
city, who will also have control of
a magnificent stone and wood cottage
! which will be eracted near the chapel for
| the use Of DR., j. E. Rankin, the present
| president Of the University. This building,
| also designed by Mr.. Baker and under the
the supervision Of Architect Fleming, will
| be three stories with cellar, and contain
| fifteen rooms with modern improvements.
| A high-pitched slate roof, with lofty chin
neys, tower, top bays and roomy balconies
will contribute much to the stylish appear
aDce and ornamentation of the structure,
which, it is estimated, will cost $4,000.
Mr.. John +. Beall purchased, a few
weeks ago, two large farms in the vicinity
of the Tennallytown Electric Road. The
| property contains 1913 acres, and lies partly
in Montgomery County and partly In the
| District. One hundred and sixty thousand
dollars is the price reported to have been
| paid.