Evening star. [volume] (Washington, D.C.) 1854-1972, 1904-09-03
REAL ESTATE GOSSIP
Mr.. T. E. Waggaman's Fl
nancial Troubles Discussed.
HIS PROBABLE ASSETS
EXTENSION OF THE 18th STREET
CAR LINE.
Regarded With Satisfaction by Many
Interested Acknowledgement
Items of Interest.

The possible outcome of the Waggaman
incident continues to interest local real es-
tate dealers, and the long promised sched-
ule of liabilities and assets is anxiously
looked for. Much apprehension has been
evidenced in some quarters as to the ex-
tent of the liabilities. 1t has been asserted
with semblance of authority that Mr..
Waggaman's assets might approximate
81, 100000, provided his property is not
thrown upon the market at a sacrifice, but
there are some members Of the real estate
fraternity who fear that his liabilities will
nearly reach that sum. Between the Cath
Ole University and Georgetown University,
Mr.. Waggaman acknowledges indebted
ness. it is understood aggregating close to
81 100000. Through certain suits already
filed in court and others which are believed
to be in course of preparation, the Indebted
ness of Mr.. Waggaman may increase to a
sum which would scarcely allow the full
payment of creditors.
When the matter of Mr.. Waggaman' S
financial ENHANCEMENT was first made pub
lie, his attorney, Mr. Irving Williamson,
was quoted as saying that II the estate
is handled conServatively and wisely, there
will be enough for all the debts, and a
tidy fortune will remain for his client.
This statement is opposed by some dealers
who claim to be in a position to know
much of Mr.. Waggamans affairs. In the
application for receiver made yesterday
before Justice Anderson ii was stated
that list No. l. represents Indebtedness
to the extent of 81. 900. If this is well
founded, the liabilities will approximate
much more than was at first anticipated.
Another incident which is causing some
comment is the delay of the schedule.
which was promised to the public last
serted that the schedule sis not quite COM
pleted." Why it should take long to
complete this work local attorneys and
real estate men are at loss to know I'M
less evidence of indebtedness is multiply
ing.
Extension of 18th Street Car Line.
Less than a month remains before the
extension to the 18th street car line will
be in operation, according to state
ment attributed to General Harries. vice
president Of the road. The accomplish
ment of this much-needed improvement has
already had it's effect upon the realty prices
in the vicinity benefited. The property
owners on the HILL" from 18th street east
ward a quarter of mile, and as far north
as Holmead Manor, are jubilant over the
prospects of being brought ten minutes
nearer the business section of the city. as
well as not having to tramp two three
squares to the 18th street car line. In bad
weather.
In this connection it has been announced
Company which operates the 18th street
car line, contemplates installing several
new single cars, and that, as opportunity
affords, all the trailers on all it's roads
will be replaced by the single cars. 1t
is claimed by the railroad experts that by
the use of a pivot axle on the single
cars curves may be taken without fric-
ton and the consequent grating noises.
with much less wear and tear to the equip
ment. Pivot axle cars will, be placed on
the 18th street line. 1t is understood
For Builders Exchange.
In commenting on the advantages of q
| builders exchange in all large cities, the
Architect and Builders Journal for Septem-
| Der, which came from the press today, says:
Man is a gregarious animal. He seeks
| and likes companionship 1t has been his
| nature to do so ever since the progeny of
| Adam began to build settlements and es-
| tablish communities. The man who fiocks
| by himself is usually nOnenlty who has
something wrong IN his make up. Primar-
| lily the object OF men getting together was
social intercourse and protection The
same motives pertain today. There may no
longer be the necessity to stand ready with
a club to beat off marauding intruders.
but the civilized man of the present has to
defend himself against the encroachments
of unfair competition i'll the avocations of
life. That is why business men organize
themselves into associations of which the
Baltimore builders exchange is conspicu-
Gus example
The advantages which insure to build
ers and those engaged in the allied trades
in being associated with such an organiza-
ton are many and obvious. AS body
| they accomplish what would be impossible
as individuals In dealing with legislative