The Washington times., 1906-06-10

w. RILEY DEEBLE.
Outside people appreciate more and
more the value of Washington proper
ties" said w. Riley Deeble. ''and are
rapidly taking Up the bargains which
we here have overIoosed. They fully
realize that every piece Of property Of
fered does not Of necessity show an i'm
mediate return upon the investment at
high rate, but taking the increment
that may attach within five or ten years
the investment Of funds now must show
a good return. At the present rate of
prices asked it may not be possible 10
produce more than or at the most >
per cent return on high priced proper
ties. but when is added to this the en-
hancement that must Of necessity come
within ten years, the rate will easily
be doubled
Washington. as the nations Capital.
must always be attractive to people Of
wealth and refinement, and the fact that
we are free from the vicissitudes that
obtain in cities dependent upon manu-
featuring or other interests. must make
our realty values certain and sure"
VIII. RIDENoUR.
a
acter that gives promise Of continuing
In no sense does it partake Of a specu-
lative or boom character and the deals
made are literally provided for"
HOMER GUERRY.
The Times has called attention to the
unusual demand for the two lines Of
District real estate which are farthest
apart-that is for business and suburban
properties-and 10 the apparent lack Of
demand for property in the present resi-
Dental section. This condition may seem
a little curious at fast glance. but
might be easily explained. The extraOr-
dinary demand OF late for business
property has doubtless been occasioned
by the increasing growth of the city.
AT no time in its history have there
been so many large public improve
ments under way. and the increase in
population and wealth is becoming
greater from year 10 year.
Washington has been for d long time
the official center Of the nation, and II
is now almost the political and social.
and is becoming the educational and
financial center as well. II is already
without doubt the most attractive resi-
dence city in the country. The increase /
In population and wealth necessarily |
causes increase in business. the exten-
sion Of the business area. and an acute
demand for strategic positions Strictly
speaking, this city may never become |
an industrial center or commercial |
mart, but the varied interests centering
here will incidentally develop industries
and lines of business hitherto unknown.
The unusual demand for suburban
homes is doubtless due 10 the growingl
tendency in all large cities to seek the
beauties and comforts If the suburbs. !
where residence has recently been made
possible for the business man by the
trolley system and its development. J
He can now reside from five TO ten
miles from his business and keep in
touch with 1t at all tines, and be al
most as near his office, In point of time.
as the man who resides only few city
blocks away. With the same city con-
Veniences, almost any individual would
prefer a home which can be walked
around without trespassing on another's
property, and il is confidently predicted
that within twenty-five years the pres /
ent suburbs viii contain the greater
part OF the city's population and that
their development VIII go beyond the
widest promises Of the present pro- /
moters.
This does not mean. however tba+
the old residence property will go beg-
ElnS. Some people prefer 10 be as ncar
business excitement as possih!e-otbers
have 20 be there-and besides. in the
natural course of events the greater r,s-t
OF the old section VIII be absorbed for