Evening star. [volume] (Washington, D.C.) 1854-1972, 1893-11-25
REAL ESTATE GOSSIP.
The Lender Seeks the Borrower,
Showing a Change in the Situation.
TAXPAYERS A LITTLE UNCERTAIN.
A Clearing Away Of Old Suburban
Names Suggested.
SOM e I M P r o V e NJ E n T S |.
AXPAYERS A LITTLE UNCERTAIN.
SOME IMPROV ENTS.

be the case, the lender is low seeking the
borrower, a reverse in the condition of
affairs which is appreciated by those who
are anxious that business should be some
what brisker than it has been. With an
outpouring of the money which has been
boarded and is now slowly being restored
as deposits in banks it is natural to ex-
pect that all branches of business will feel
the impulse. 1t is expected that real es-
tate, in common with all other branches
of business, will feel the influence OF the
easier money market, and that transac-
lions which nave been impossible because
of the inability to get hold of ready money
will now be carried out. 1t has been diff
cult to sell property recently, not because
its value is not appreciated, but because
of the money famine Property in this city
has not deprecated during the past sum-
mer and fall. Prices remain much the same,
but there has been but little activity in
sales and a marked falling off in the build
ing operations, all of which is directly at
tributable to the tightness in the money
market. Now that money is again easier
and can be obtained readily. it is natural
TO expect that business will revive. 1t is
not predicted that a boom is to set in all
at once. but it is safe to say that the mar
ket will continue to improve along the lines
already indicated
Some Big Projects.
There are several schemes talked of which
need only some friendly support to be able
to stand alone. While the atmosphere of
late mas not been favorable for enterprises
requiring money, it is thought that a more
genial air now prevails. Progress is being
made with the project which has been
mentioned, of erecting a building for a
theater in a central locality, ard IL is ex-
pected that the necessary papers will soon
be signed. For the present at least, the
location selected is kept a secret but il
will be sufficient to say that a commodious
lot in the vicinity of 14th and IL streets
Is lkeiy TO be the site OF the new building.
The erection of hotel building at the
northeast corner OF Florida avenue and
10th street is s;ill under con sideration by
Mr.: Pierre Waggaman, who controls the
ground He wants to organize a company
composed of the hotel keepers of the coun-
try, ana with the proceeds of the stock
which they are 70 subscribe, he proposes
that hotel building shall be erected which
shall be the Iinest structure of the kind
in the world. 1t is proposed to throw in
the shade anything OF the sort to be found
la New Iora 1he amount TO be expended
on the building is a generous one as is
IN TACT. the entire plan as outlined by Mr.
agSaman, ana no doubt every one who
likes to tne city improve will he ra
loiced when he has succeeded in Carrying
out his plans.
,necrtain Taxpayers.
1t is likely that number of taxpayers
VIII be made uncertain b. the discussion
which has been going on in regard to the
injustice of the assessment and in conse-
qGence delay the payment of their taxes
70 Nc
the opinion that Congress will either author
ize new assessment or a revision of the
present figures, and in that event they
argue that there is no use in paying their
taxes until they know certainly what they
VIII have to pay. The character of the
times coupled with the fact that the nav
ment OF taxes does not call forth at any
time great degree of cheerful alacrity
makes it seem highly probable that there
Will be a longer list of delinquent taxpayers
at the end of the present month than is
usual 1t is quite probable that the present
assessment will be brought to the attention
of Congress in some form, but of course II
is impossible to say whether Congress will
take any action or not. 1t seems to be the
general opinion that it is a good time for
some needed legislation on this subject in
order that the causes which contributed
mainly to the elevation of the present as
sessment may be removed and gotten so far
out of the way that they will never again
appear to disturb the peace of mind of the
taxpayers of the District
Names in the Suburbs
When the street extension plan gets far
enough along in its official course, as laid
down and prescribed by law, in the oI,inion
of many residents it will be a good plan for
the powers to be to take into consideration
the ACCESSIBILITY of abolishing all names of
subdivisions. There will then be streets
which will be well known, and along which
the habitations of people will be arranged
Citizens il is argued, will not be lost or hid
away as they would be if they continued to
be credited in the directory to one of the
numerous heights" Their addresses will
be given on some street that is well known
and easily found, owing to its relations to
other streets in the plan of the city. 1t is
likely, also, that a portion of the suburbs
which Immediately adjoins the bounds of
the city will rapidly lose what little of its
suburban character remains, and in that
event the subdivision titles which were de-
vised for the most part so as to attract to
the country city residents, will lose all
reason for existence and might as well be
dropped along with other relics of the times
when this city a country village. Be
sides all this, there will be no use for these
names. and they will only be in the way
one will object to dropping them quietly on
the DUNN where other old material is
carted The collection will be quite a large
one when it is all brought together.
Sale of business Property.
During the past week the transfer of the
property at the northeast corner of 18th and
G. streets was placed on record. The pur-
chaser is Judge Lowerv, who is already
quite a large owner of business property
in this city. 1t is stated that the new own
er intends TO erect on this site a large
building which will be used for business
purposes. The lot has a frontage of fifty
nine feet on eth street and depth of nine
weight feet to an alley. The price paid
$15,OOO, was at the rate of nearly S13 per
square foot
4 Ground Rent Instance.
A rather odd auction sale is advertised
which is described as the sale of bust
ness site. 1t is stated that the estate or
interest i'm the property which is to be Of
fered for sale is the unexpired term of a
lease of the property for ninety-nine years
which has run some twenty years and re-
movable for another term of ninety-nine
years, and thereafter perpetually for a
fixed sum per year The oddly in the pres
ent inst lies in the fact that it is one
of the few instan of the existence i'm
this city of the ground rent system which
is so common in other cities. 1t is lookal
upon by many interested in real estate
here fortunate that this city has prac-
tically escaped the infiiction of such a sys-
TEN. While a: the outset it is easier for
men TO control property in this way, as