Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-04-30
HOMES FOR THE POOR
sAa1rARxs HOUSING COMPANY
HOLDS MEETING.
Officers Elestsd and Statement Made
Regarding outIook-Plan Of Opera
lions Outlined.

III
Congress having pasred the act granting
charter to the Washington Sanitary Hous-
Ing Company, the incorporators held a
meeting at the Columbian University on
Monday. April g. for the purpose Of elect
Ing fifteen directors The following were
elected: Gen. George NJ. sternberg. Gen.
John W. Foster, Mr.. J. w. Pinchot. Mr..
Charles ]. Bell, Mr.. Herbert Wadsworth,
Mr.. s. w. Woodward Mr.. John Joy Edison,
Col. George Truesdell, Mrs Clare G. Ad-
olson. Miss Emily Tuckerman. DIR. George
NJ. kooer. Mr.. E.. Francis Riggs. Command
er Frederick A. Miller, U. s. N; Mr.. Simon
Wolf, Mr.. Thomas w. Smith. A meeting of
these directors was held in the American
Security and Trust building yesterday and
bylaws We're adopted and the following
officers elected: President, George M stern
berg; vice president, George Truesdell:
treasurer, Charles ]. Bell; secretary, George
M. Kober.
A statement submitted shows that:
The following subscriptions to the stock
of the company have already been received:
One thousand dollars each. Gen. Foster.
Col. Truesdell, Mr.. s. w. Woodward, Mr..
John Joy Edison, Commander F. w. Miller.
Mr. A. Graham Bell. Mr.. H. w. Willard,
Mr.. c. J. Bell. Mr.. E. Francis Riggs, Mr..
Herbert Wadsworth. Mr.. Chas. c. Glover,
Mr.. Thos. w. Smith. Mr.. J. W. Pinchot.
Mr. 8. II. Kaufman, Mr.. Crosby 8. Moves.
Mr.. John F. Wilkins. Subscriptions Of $500
each have been made by Mr. Justice Brown,
DR.. George NJ Kober. Mrs. Clare G. Addi
son and MISS Emily Tuckerman. Smaller
amounts have been subscribed by others,
ana 1t Is expected that numerous additional
subscriptions will be made within a short
time, so that arrangements may be made to
commence building operations at an early
date.
The statement continued to the effect that
II any important results are to be obtained
considerable sum of money will be re-
quired. but a commencement can be made
during the present season IL few thousand
dollars more are subscribed. and it is be-
lieved that additional amounts will be
forthcoming when a demonstration has
been made that the stock of this company
is perfectly safe per cent investment.
May Be Made a Success.
"The experience gained in the manage
ment Of the Washington Sanitary Improve
ment Company, which was started seven
years ago, on a basis of 5 per cent divi-
dends, leads to the confident expectation
that this company can be made a success
from financial point Of view as we'll as
the means Of furnishing the deserving poor
OF the city sanitary homes at reasonable
from the national capital the reproach Of
the disgraceful housing conditions now ex-
listing in certain parts Of the city.
This will, of course. require considera-
of money. But all great enterprises must
have a beginning and in a matter of this
kind, where the need is so apparent and so
generally recognized, where an enlightened
public sentiment cannot fail to support the
movement. and where men Of broad BUSH
ness experience are willing to devote their
time to the management Of the affairs of
the company, there is every reason to an
ticipate that In the course OF a few years
very important results will be accomplish
ed. The Washington Sanitary Improve
ment Company was started seven years
ago, and on the LIST Of April. 1898, it's as
sets amounted to a little less than $4,000.
at the present time it's assets are $427.910,
and it has a surplus fund to it's credit
of S33, 81.
Building Temporarily Discontinued.
This company will soon reach the limit
of its authorized capital and the directors
have decided not to build any more houses
at present.-The list of directors of the new
company Includes the names of nine gen
tlemen who have been prominently con-
nected with the organization and manage
ment of the Washington Sanitary Improve
ment Company, and their experience viii be
invaluable in connection with the new en-
terprise The houses built by the old COM
pany are occupied by the better class OF
wage earners, skilled mechanics, etc. The
new company proposes to built sanitary
homes for the deserving poor (day laborers.
laundresses, etc.) whose earnings are less
and who cannot afford to pay more than
from $500 to $500 per month for an apart
ment Of two or three rooms. 1t is not pro-
posed to provide for the idle and the dis
solute and only those who pay their rents
and take reasonable care of the apartments
occupied will be retained as tenants.