The Providence news. (Providence [R.I.]) 1891-1906, 1892-04-20
NEWS OF REAL ESTATE.
Affairs at Washington Park Are
Booming.
MUCH BUILDING GOING ON.
The improvement society-Thc Homo In
vestment VIII DO . Banking business
Transactions In Real Estate and Inten-
tions to Build.

uOno 10 bullOs
Washington Park presents lively APP
pearance with new houses springing up
like mushrooms on every hand.
The lawns on Washington avenue are
being graded aud adorned and ono would
certainly think to see the beautiful layout
around Col. COTS house that he had at
last found just the thing and never ex-
pected to move again.
The most costly and elaborate house on
the plat is that Of George A. Youlden, who
is located on the right of Washington
avenue. near Broad. The general appear
ance is most creditable to the place aud
will prove decided ornament to Wash
ingUon avenue, which bids fair to DO the
handsomest street in the city
Just to the rear of the house barn is
going up. in front Of this Is fountains; in
the upper ory of the barn will be hall
which can be used by the Improvement
Society" or for any social or religious pur :
poses.
In course Of the last year Mr.. Youlden
has built about twenty-five houses and
barns in the immediate neighborhood,
which gives some hint OF the extent Of his
business
The houses built by Mr.. Youlden are Of
a neat and attractive style and have al
ways found ready purchasers. This par
tIcular section OF Broad street as well as
Washington Park have received decided
impulse from his efforts.
An excellent class Of people are settling
here many Of them being encouraged in
the effort to obtain home by the liberal
arrangements offered by the Home Invest
ment Company. Clerks, bookkeepers,
scholars, men of business, and those Of
established fortunes are here uniting to
build up community which bids fair to
be very pleasant and desirable.
The meeting OF the Improvement So
ciety, held recently. proved happy indi-
cation OF what may be expected in the
way OF social enjoyment, but more than
this, the society will set it's committee to
work at once on plans for the adornment
OF the whole plat. Ic Is proposed to make
this special feature of the place.
Trees are to be set out of all desirable
varieties, such as oaks, naples, lindens
and that of different kinds so far as to
introduce the most pleasing effects.
Shrubs and Towering trees will be used
SO that all through the summer there will
be something to please the most refined
taste.
Tho Home Investment Co.
The Home Investment Co. will here
after do general banking business. In
connection with the large real estate
transactions of the company as well as
those Of Mr.. Goff, great number Of con-
tractors, material men, insurance agents,
furniture dealers and personal friends Of
the managers desire to keep their accounts
here. Three per cent. will be allowed on
daily balances and arrangements have
been made to have checks on the company
pass through the clearing house.
IN naxrI
Dorrance, proves very advantageous and
popular. No man can easily pass down
WeybOsset street without seeing the Office
OF the Home Investment Company and
that the number OF people who call daily
Is very large.
The directors are certainly well known
in our community. The president is Gov.-
elect ID. Russell Brown, who is at the head
OF Brown Bros. & Co. The vice president
Is Charles Law, who for many years did a
successful business In gas fixtures. He is
now retired from active life aud devotes
much time to the affairs OF the Citizens
Savings Bank, Of which he is a director,
offered as security.
COL Isaac l.. Goff is. more than any
other man, responsible for the existence
OF the Home Investment Company; he
conceived the idea and called about him
those who would successfully carry out
the plan. His experience in the real estate
business led him largely among those
who were seeking homes of medium
price, the great middle class who are the
mainstay Of our community; aud out
OF this grew the idea of the
Home Investment Company, which
should furnish homes for the common
people. The business OF the company as
well as his own have grown beyond his
largest expectation. Benjamin w. Gallup.
the treasurer, Is well known among us.
having been connected with the Phenix
National Bank for many years. Here he
came In contact with such men as Jabez
Gorham. Benjamin White, Edward
Pearce and George Il. Martin and many
Others whose names are synonymous with
success. Mr.. Gallup is therefore
thoroughly familiar with the banking
department of the company's business.
Hon. Edward G. Dubois is an attorney OF
prominence and ability in East Provi-
dence. He has been Senator from that
town and Is always in the front rank Of
Thomas II. Ray is also from East Provi-
dence. He has amassed an ample fortune
In building houses
Robert l.. Greene Is among the most
promising level-headed young men of our
city; he is a son Of the late Rufus Greene
and is engaged In the wholesale paper
business, his courtesy and reliable judg-
Charles +. Hancock is of the firm OF
Hancock, Becker. g. Co., manufacturing
jewelers.. They have very prosperous
business, and Mr.. Hancock has shown q
decided aptness for the real estate bust
ness. Horace III. Franklin, with his
brother, keeps stable on Dorrance street.
Everybody knows him. He, perhaps, sees
rs much OF human nature as any man liv-
ing, and IL any one seeks to impose on
the company Mr.. Franklin could prob
ably detect the fraud mt once.
The present plan OF the Company In it's
real estate department Is TO furnish lots
on the most liberal terms. accepting $40
down and $40 per month thereafter and
when a lot is paid for rmoney will be fur
nished TO build n house.
The sale OF lots at Washington