Evening star. [volume] (Washington, D.C.) 1854-1972, 1899-10-21

liable investment of all. if judciousiy made.
remain unaffected? We contend that real
estate has been affected. that it is in de-
mand and that good investments therein
are being sought by those having idle capt.
tai. We admit there are many who desire
to make investments, but do not do so be
cause they are wondering and asking every
broker they meet If real estate is as low,
In price it will be; they do not realize
the fact that it has advanced and will con-
unue to advance, and that practical, con-
SerVatlVe business men are picking up bar
gains that being offered
1t may be that some of our proposed
investors are making the great mistake of
wasting their time in search of something
mat does not exist. Property cannot be
purchaSec at price which will yield from
: to 10 per cent interest when money can
readily be obtained on good security at
from "1a to per cent. The intelligent and
active purchasers we find upon the market
ready TO pay for real estate are of two
classes.
Classes of Investors
FIRST. Those who want unimproved
speculative holdings beyond the city limits
which section is now being rapidly af-
fected not only by electric car service. but
by other improvements that always bring
about and actually cause increased values
OF real estate. Beyond the old boundary
line new and improved conditions are
limits in the way of public and private i'm
proVements have been made which have
tduSeu ana must continue to cause the
nature OF things real estate to rapidly en-
nance in value in the immediate future.
That which has been done beyond the city
limits in the way of public and private i'm
provement in the last five or six years.
when local and national depression has
prevailed, is certainly calculated to sug
gest, If not convince us, of that which may
be expected, now that we are at the begin
ming of great era of national prosperity.
Second. We find another class of in
Vestors. They are those who realize the
fact that money, when loaned, will yield
but J or 4 per cent interest. and they are
purchasing well-located improved real es
tate which viii rent to pay the taxes and
3 per cent interest, but so situated that. in
their judgment. VIII in the next few years
increase materially in value. If money is
loaned only this low rate of interest can
be obtained. Nothing more can be eX
pected. This class of real estate will not
only yield the taxes and said rate of in
terest, low il is. but if good judgment is
exercised in making the purchase as to To-
cation, etc, it viii, with the improved con-
ditions that exist, and must continue, pro-
duce great additional profit by reason of in
creased value.
''Of course, to sustain these ideas we
must admit that Washington has greatly
improved, which is a seif-evident fact, and
that it will continue to do so with the
general tide of advancement. That We are
no longer on the eve. but actually par
ticipating in of local and national
prosperity; that the nation Is advancing
ii II,
tent of territory, civilization, education and
all that goes to make it one of the great
est If not the greatest, nation of the world,
and that Washington will continue to in
crease in every respect in proportion there
with must be admitted.
The Iowa Apartment House.
AS mentioned in The Star few days
charter granted, under the laws of the
state Of Virginia, for the purpose of erect
ing quite a large apartment house at the
southeast corner of 18th and streets
northwest, just south Of Iowa Circle.
The president Of the company is Prof.
~Chas. ID. WalcOtt, chief of the geological
survey, and the directors are Prof. S. F.
Emmons and Prof. J. f. Watkins of the
National Museum, Mr.. T. F. Schneider
architect, and Mr.. A. NJ. McLach en- of the
capital stock is $15O. 900 divided into 800
shares of the par value of 800 each. 1t is
the intention to offer a small part of this
stock for sale.
The plans of the building are being pre-
pared by Mr.. T. F. Schneider, and will pro-
vide for seven-story. tireproof structure
with all the conVeniences for housekeeping
mere VIII be fVe apartments on each floor
of four and five rooms each. besides the
bath rooms, which will al, be tiled An
electric elevator viii be in the building A
fandsCm9 iron staircase, with slate treaGs
Will extend from the first to the seventh
floor.
J he size of the building will be about
lu3 feet front on 18th street by 90 feet
deep, and ii will be so planned that the sun
vii enter each and every room at some
time during the day. The front will be
quite imposing, and Will be of Indiana
limestone. white and buff bricks, and the
treatment will be classic. At the entrance
viii be a colonnade rich in design. The
hail floors Will all be of marie. and the
interior construction will be entirely of
steel columns, steel beams and cement
wood only being introduced where it can
not well be avoided, for doors and window
trims, 1t will be a strictly up-to-date
building. and will cost $125.UDU Work will
be commenced this fan, as soon as the
plans are completed.
The Odors of Cooking.
One of the problems in modern house
designing is how to prevent the cooking
odors from going throughout the structure
There has been no solution offered which is
accepted as final. but attempts are con-
Stantly being made. Locally an experiment
mas been tried in that line by Dr. Geo NJ
kober, in an apartment house at 1903 18th
street. Nenulators are provided, which eX-
tend to and above the roof The servants
staircase, with its ventilator, also acts as
an exhaust shaft. A door separates the
passageway to the kitchen from the ba
ance of the rooms. and this passageway
is also ventilated.
New Riggs Hank Ruifding
Plans have been submitted in competition
for the building which the Riggs National
Bank proposes to erect on the north side
OF pennsylvania avenue just west of 18th
street, and also adjoining on the west the
building now occupied by the bank The