Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-10-03
REAL ESTATE GOSSIP.

nothing can surpass the solemn, far-away hum
OF the temple bell.
REAL ESTATE GOSSIP.
The Value of Ideas in Handling Prop
| erty.
/ THE SALE OF THE BACK GROUND OF THE LrNTHIcUM
PLAcE-AN OFFICE BUILDING FOR NEwsPAPER
MEN-A NOVEL ARRANGEMENT OF A STAIRWAY
GENERAL NOTES.
Ideas are as valuable in the real estate bust
ness as in any other calling when the nimble
dollar is to be pursued and securely corralled
before it can be claimed. The man who sug-
gests how property car be made available and
transformed into paving investment is pretty
| certain to gain an audience. There is always
that is, nearly always-money waiting for in
vestment, and even when the cash is not on
hand it is pretty sure to be procured some
where. if the prospect of making turn is at
all alluring.
| There are men who are not gifted with the
faculty of originating enterprises but they ap-
| preciate the gift in some one else and are per-
| fectly willing to follow in the lead of q good
| thing. sometimes investors are compared to q
| flock Of sheep and the comparison is not bad
| long ago a man went into the Office of q friend
and laid before him a plan which he had in
mind for an investment in real estate. He only
gave a very general sketch and before he had
concluded his sentence remarked:
'Tll put $40, 900 into that scheme" It was
| only an instance of a prompt appreciation of a
| good thing, and it further illustrates how
eagerly opportunities of this kind are en-
| braced. These happy thoughts relating to real
estate investments are very much like an ex-
| tensive class of patented articles.
The principle which they involve are so very
simple that everybody wonders when they have
| seen them how it happened that they did not
| think OF the same thing. A retrospect of the
| full reminders of what might have been. 1t is
easy to see the opportunities in looking back.
1t Is correspondingly difficult to perceive the
| opportunities OF the present.
AN INGENIOUS SUGGESTION.
rather ingenious suggestion was made the
| other day by man who is SO constituted that
| he does not make the question of money get
ting personal one. If he had time to make
money no doubt he would be great success
| But he has given his attention to other prob
| lens. But still he sometimes allows his mind
| to dwell upon financial ventures and in one of
these moods, he observed in passing along one
| of the fine resident streets of the city
a gap in the line of handsome improvements.
There was a square, perhaps two. where the
houses we're mean. presenting striking con-
| trast to the sections between which they we're
| the connecting link.
"Why wouldn't it be a good idea ~ he ex-
| claimed. 'for some syndicate to buy up all
| this property and remove these unsightly
places? The ground would then appreciate in
value, corresponding with the values ruling on
| each side, and the syndicate would gather in a
goodly harvest Of profit from their invest
| ment"
THE LINTHICUM PLACE.
The recent purchase of the Linthicum home
stead by Mr.. Henry F. Blount has been fol-
lowed by several other purchases of ground in
the subdivision of the property Of that estate
In the rear of the house a large piece of land
has been bought which will be the site of a
building to be known as the Home for
the Aged and Infirm. The money which
was donated by MS. Bessie j. Kibbey
and it is the intention to erect building which
will cost so, 0OO The ground adjoining on the
east has been bought by Mr.. Henry F. Blount
who desires to preserve the outlook to the
north from his residence. A tract of some six
acres to the west of the Kibbey pur-
chase will be retained by Mr.. Dent, who
intends to erect n residence there for
his own use. All this property was
known as the background of the Linthcum
place, and is separated from the homestead site
by new street, which is named LInthicum
place. The property extends to the grounds
about the fine residence of Mr. Elverson of
Philadelphia, who has made his home there for
number Of years past.
NEWSPAPER OFFICE BUILDING.
1t seems likely that before long large build
ing will be erected in some convenient locality
which will be especially planned for the use of
newspaper correspondents. The idea meets
with favor, as the need of more suitable offices
than can now be obtained is generally felt. Mr..
fhA - II I'll L
Company in this city, some time ago submitted
to the directors OF his company plan
for the erection OF building contain
Ing offices for newspaper correspondents and
and suitable quarters for the use of the tele-
graph company. Mr.. Allen states that he
talked with a number Of correspondents in re-
gard to his plan and it received their unquali-
fled Endorsement One Of the features which
was especially commended we're the tubes run
ming from the different Office rooms directly to
the room occupied by the telegraph oper-
ators. By this arrangement the press matter
could be sent directly to the tele-
graph office without the Intervention of
messenger boys or the necessity on the part of
the correspondents to leave their offices. The
directors OF the company, however, concluded
that they did not want to go into the real estate
business, and very much to Mr.. Aliens regret
the plan was not approved.
1t is now stated that Mr.. Hearst the son of
the late Senator Hearst, has in view the cree
ton OF large office building for the use of
newspaper correspondents and it may be that
such a building will be erected before long.
His representative in this city, Mr.. Wedder-
burn, while admitting that such a project is
talked of, yet says that it has not reached the
stage where any definite announcement can be
made.
QUESTION OF srARwAYs.
One Of the difficult problems which archi-
tects obliged to solve in the erection Of large
ia fha location, of he o<air