The Washington times., 1894-08-12
SOLID REAL ESTATE VALUES
In Spite Of Money Stringency Prop
erty Has Held Its Own.
MANY CASH INVESTMENTS MADE
Building Operations Especially Active in the
Suburban Sections Washington Park
and the Territory Between Anacostia and
Benning's Greatly Improved.

Real estate has been doing very well, con-
sidering the hard times that have been hang
| ing over the District. The wall OF the croaker
Of course was not lacking, but it had no
effect upon those who always have faith
in Washington's prosperity. They said
that the Capital City would Withstand
the troublous times, and their predic-
rush Of real estate deals, nor have any start
ling announcements been made of big trans
actions, but it has been noticed that all along
! a quiet movement toward a revival OF bu3i-
ness in the real estate market is going on,
! with indications Of success.
The fact that it is now easier to get money
| from the banks and from other sources where
loans are obtained is a most iaitering assur-
ance OF the resumption Of business.
Some notable transactions in real estate
took place during the hard times both in city
| and suburban properties. Many building
sites were sold to people OF small means who
Immediately put up homes.
INVESTMENTS MADE IN CASH.
The investments were made in cash, too,
showing plainly that this class had not felt
the hard times as did those who were sup
posed to possess wealth. Washington main
tanned its reputation for solidity in its busi-
ness and real estate values.
A peculiar fact has been noticed within the
past few months. Land that was not ex-
| pected to be sold on account of the lack of
| facilities to reach 1t has been quietly dis
| posed Of and but little attention given the
sales.
A trip around the suburbs will satisfy any
| one that those parts are not being allowed to
ousYa 10 hpyp oF
have been built during the year, many more
| are still in process of erection and the good
work Of building up those sections is likely to
| continue. 1t is the common belief now that
Washington's future greatness rests in her
suburban parts and the keen-eyed speculator
appears to act upon this assumption.
Active operations appear to have been re-
sumed in Anacostia and in the big territory
that lies between it and Benning's. Large
sums OF money are now being expended in
the work of grading and improving streets
and roads in the new subdivisions there,
and nice homes are being put up.
EAST WASHINGTON PARK HAS BOOM.
In East Washington Park quite building
boom has been started during the past two
months R. ". Young, the yardmaster in the
Pennsylvania Railroad switching yards in
front of the park. is building large fine
house on the high road between Twining City
and Bennings, which will be completed by
the middle Of September. 1t will have all the
latest improvements. Just back of this house.
fronting on Thirty fourth street east ex-
tended, R. G. Jones has started work on a
handsome cottage. A little farther west, on
Emmerson street. J. D. Croissant is erecting
two fine press brick front houses. They are
20x54 feet In dimensions and are pretty
enough to grace any aristocratic section.
r. A. Bispham, the foreman of the Penn
Dali -
nearly completed a beautiful home with
charming outlook toward the country and the
city. This house has also large double
porches and every home convenience. George
l.. Ammon, architect and builder has Just
completed plans for home for himself on
Minnesota avenue, between and streets
southeast. The back building is already up
and occupied by bis family. R. F. Bradbury,
of Twining City, has purchased a lot and
contemplates building store at East Wash
ington Park this fall. Peter Mazzullo is hav-
ing plans drawn for home to be built on
Emmerson street. j. I. Linton, of Mount
Pleasant. has the foundation begun for fine
house, and H. c. Owens will also begin build
ing home in that park this month.
This is pretty good showing for the first
season. There are many others who have
bought lots there and are arranging to build
this fall.
MAKING EXTENSIVE SURVEYS.
A surveying party from Philadelphia has
been engaged for week making elaborate
and extensive surveys opposite the park
where for some time have been the founda-
tions for the Pennsylvania Railroad Com
panys freight and passenger repair shops
The work on these buildings has TOR some
reason, presumably the hard times. been sus-
pended, and the surveying party has revived
the idea that the work will now begin in ear
nest. The engineers from the District Office
have also prepared an elaborate grade sys-
tenn for the whole section from Anacostia to
Benning's. The chain gang from the work
house will help to do the work Of grading the
park. The promoters Of this park made a
liberal offer to the industrial armies of
Coxey ct al. for 100 Of their men to do this
work, but their offer was rejected.
The contract will soon be let for grading
several of the streets, and the building of a
bridge across street southeast extended,
which would open up all that district lying in
the southeast as far as Marlboro. and give a |
direct and short cut to the city. is also being
agitated. 1t is claimed that there is greater
need for a bridge across the Eastern Branch
at this point now than there was five years ago |
for the Pennsylvania avenue bridge Just be-
low.
Buried in the Wrong Cemetery