The Washington times., 1902-01-05
ALL BUILDING RECORDS
BROKEN DURING PAST YEAR.

!
steadily during the past year. and at the
/ present time prices are almost as high, il
not quite, as they were at the top of the
I boom two years ago.
! gratifying indication that the present
building operations are not in excess of
! the demand for new buildings is to be
! found in this very matter of high prices.
The advance of prices always tends to
| restrict building operations - the abso-
| lutely necessary. 1t is inferred, there
fore. that mp to the present time there has
! been a demand for the new buildings
! erected and little more.
This is in fact, the condition reported
| by the real estate men. Houses are
bought or rented before they are erected
and they are occupied as soon the
paper has been put on the walls, and
/ sometimes before. With the apartment
houses the condition is the same. They
are all occupied to their full capacity
nearly, and there is a demand that can
not be filled all the time.
Exchange soon TO Begin Business.
The Real Estate Exchange is in shape
to begin active operations almost with
the new year. The officers of the organi-
zation for its first year were chosen on
Thursday. All of them are prominent in
the realty business. and the selection is
generally commended.
The officers are as follows: President,
Jesse L. Heiskell, of the firm of Heiskell
& McLeran; First Vice President Col R. G.
rutherford. of the firm of Tyler e. Ruther-'
ford: Second Vice President, c. ]. Bell
president of the American Security and
Trust Company: executive committee
William Corcoran Hill. George W. F.
Swartzell, of the b. H. Warner Company;
b. f. Saul, and the president of the ex-
change eX offcio.
The position of secretary and treasurer
has not as yet been made. The position
is salaried one, and it is understood
that the executive committee had received
several arplica tions for it.
NO OFFICES for the exchange have been
chosen yet but it is said that they will
he located between and Ninth and Fiji
teenth Streets and on either or G Street
= New Avenue Hotel
As was announced in The Times several
weeks ago Mr. Stison Hutchins intends
to build hotel on the property recently
purchased by him at 1881 and 1888 Penn
sylvania Avenue. Mr. Frank H. Jack
son, the architect, has prepared the plans
for the structure. which is not to depart
in its general design from the building
described in The Times II will be siX
stories, and will front 80 fet on Pennsyl-
vania Avenue, by a depth of 90 feet.
Af. X. T. Warwick has arranged with
Mr.. Hutchins to lease the new building
Inc property was purchased by Mr.
Hutchins from Mr.. Warwick. who at one
time intended himself to build hotel on
the lot.
RenIt, vTrru.ferS
The handsome brownstone residence
1i06 Sixteenth Street northwes. has been
scld by Stone & Fairfax, real estate
brokers. for Charles Schnabel for $45 .OeG.
There is stable at the rear The pur-
chaser is a capitalist who has decided to
make this city his home.
Through the same firm Franklin T
Faurce has sold the house lS47 Nintwood
Place for $4,000, and ex-Governor Pinch
backs house, 1897 Twelfth Street to Ell
lis Atkinson for $4,000 cash This firm
has also received deposit on the pur-
chase OF valuable piece of business
property, but the negotiations are not
completed
Stone & Fairfax in 1901. had record
Of 25S sales, which included property in
all parts of the District. ranging in price
from 81, coo TO $4,000.
first Street. which was given by Mr.. Car
negie to his wife when he took her there a
bride. viii have an added interest through
associations connected with Mr. Car
negie's great benefactions.
Where lie Plans His Gifts.
Here have been planned the gifts which
have astonished the world-the $500 900
library gift to New York City, the SO. .000,
600 gift to Washington for national edu-
cation. the $40. 900 to Scotland for her
universities and the 81 000, 600 TO Pitts
burg for old Carnegie employees who need
pensions. At least $50 0O0. 000 has been
given away from the private library in
which Mr. Carnegie enjoys his Shake
speare and other standard works.
On the walls are these notices:
The present movement is our aim; the next
see.
He that dare not reason Is q slave: he thai
not Is fool; he that Will not Is bgot.
This library is on the second floor of
the Carnegie house. In a connecting room
sits the secretary. one Of the busiest men
in town. Hundreds of letters come in one
delivery OF Mr.. Carnegies mail. and these
must be assorted by the secretary.
In his new mansion MIR. Carnegie vii!
have uucn larger library, and Il s9icnd!G
Office for the transaction Of his business
OF bettering humanity.
As scon as J. PierpOnt Morgan TOOK
Mr. Carnegies business troubles oil his
mind he began to get rid of his wealth
with a free hand, and the belief is that
lie viii keep up the pace. His first inti-
nation of the greater gifts which were to
come was made on the date of his depart
ure for Europe early in March.-New York |
World
DISABLED STEAMER ARRIVES. T!