Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-02-05
Some Favorable Indications Which
Are Noted by Observers.
ABOUT TIE SUBURBAN MOVEMENT
One Reason Why There is a
Market for Houses.
CITY ROV E NJ E n T S

The reviviEg interest in real estate as an
Investment is not general SC vigorous
those who have property to sell, either
as owners or agents. would like to have 1t,
but still it is looked upon as significant,
especially in the condition the market has
been in for the pas, two or three years, to
be able to say that there is any indication
that capital is again being turned into this
channel. There is no doubt however,, that
such is the fact, and while the transac-
tions are neither large nor numerous, still
there are a great many which are being
talked about and which seem to be en- the
verge of realization.
The promoter is in evidence to some ex-
tent. but outside of the schemes which
emanate from the brains of these men,
there are number Of enterprises which
are based on good business judgment and
have the backing of men who are fnan-
cially able to carry than out. 1t is thought
proba BILE by those who are in position to
form an accurate judgment that there is
to be considerable done during the coming
spring and summer in the way of the de-
yelopment of suburban property.
Improvement of the Roads.
In addition to the extension and improve
ment of rapid transit street railway lines,
which make such a wide area of country
ctntributory to the city. mention has al
ready been made of the probability of
Transforming the Rockville pike into
modern road 1t is likely that the authori-
ties in other sections of Maryland and per-
kaps in Virginia will be stimulated by this
example TO begin public works of this
character. which it is believed will con-
tribute Substantially to the prosperity of
citizens who earn their livelihood by bring
ing supplies into this city.
In existing suburbs where settlements
are already formed, as well as in some
WHARF there are few residents, plans are
being discussed for the erection of new
houses Actual preparations have begun
for the erection of some of these houses,
will be a large addition to the number of
homes in the suburbs during the coming
season.
With City Conveniences.
Bills are now pending in the Maryland
legislature giving authority to the towns
of Takoma and Hyattsville, Nd, to issue
bonds in order to raise the funds to pay
for water and sewer systems. 1t is now
the very general practice to provide such
modern facilities when a subdivision is
laid out, for the reason the growth of tie
population is such that in short time
both 4 water supply and sewer system be-
cone necessary.
In former years, when a subdivision was
made, the prospect of securing a large
population was not so promising as it is
now, and for this reason only the con-
veniences were provided which were COM
mon in small country towns. The growth
of the city itself. as Well as the building of
rapid transit roads, has brought about a
change IN these respects, and nowadays
suburban subdivisions, as a rule. are so
equipped that residents can enjoy the
same comforts as they do in the city.
However. there is only certain proper
ton of people who care to live outside of
the bounds of the city, and however much
land in the country may be divided into
building lots and however many houses
may be erected. there is always a demand
for homes in the city. The only reason
why the development of the country about
Washington has not affected materially
the values of city property is because the
population is steadily increasing, and for
this reason, while a great many houses
are being erected in and outside the limits
of the city, the people are here to occupy
them.
Others besides Mr.. Cleveland.
In number Of newspapers recently ar
tcles have appeared reviving the story of
she purchase by President Cleveland of a
home on the woodley road. Special en-
phasis is laid upon the fact that when Mr.
Cleveland disposed of this property h, did
so at a profit of 500 600 and the inference
is made that Mr. Cleveland not only dis
covered that region of the country, but
was the first and last man who made any
money out of property there.
In this connection will be recalled the
fact that Mr.. Whitney. who was the Sec
rotary of the Navy in Mr.. Cleveland's cabi-
net. bought a place in that locality some
time before Mr.. Cleveland acquired his
holdings there, and that when Mr. Whitney
sold he made profit of $4,000. 1t will
also be recalled that there were others be-
sides Mr.. Cleveland and Mr.. Whitney who
made handsome sums of money out of
property transactions in that vicinity, and
one man who has practically been a resi-
dent of this city ell his life made by the
sale Of his property fully as much as Mr.
Cleveland.
1t is also pretty safe to say that from