Evening star. [volume] (Washington, D.C.) 1854-1972, 1906-06-23

rapidly bought up by those who forcseeing
the growth in that direction. stand ready
to seize the opportunity and reap the re-
ward of Increased land valuation. Other
hnes, now contemplated. will soon be under
construction, and the time Is not far dis
tant when competing trolleys will so re-
duce the cost OF transportation as TO place
the enjoyments and delights of a country
home within the reach Of every wage
Garner.
Country real estate values are rapidly in
creasing, and. in our opinion, the most in
Wiling investments are to be found In prop
erty within a radius Of twenty miles from
the city.
Washington's Great Future.
Concerning the outlook for real estate
values in the capital city, the consensus OF
intelligent opinion undoubtedly leans 70 a
most favorable view. Mr.. George W. f..
Swartzell of the Swartzell, Rheem and Hen
sey Company. in discussing Washington's
future, takes an optimistic view OF condi-
lions, and the valid and reasonable consid-
erations presented by him seem to amply
justify his faith. Mr.. Swartzell states that
In his judgment:
There is no room for skepticism con-
corning the future OF Washington BUSH
ness or Washington real estate.
The record OF the recent past Is the
most reasonable forecast OF the future.
The city's progress will unquestiouably
be steady and substantial. The eity's llfe
is national as well as local, but chiefly
national. Washington is the nerve center
of the national body.
No railroad Is laid, no post Office Is
opened no congressional district is re-
adjusted without the influence being felt
at Washington.
Here real estate is of course. subject
as other articles of trade are, to the law
OF supply and demand When the market
becomes overstocked, ground is oversold.
and locations overbuilt prices ascline.
Washington real estate has for many
years had remarkable stability, and IL
has generally proved TO be a good invest
ment. To be sure, certain locations have
deprecated. but these are isolated 2ases
and the reasons for the depreciation arc
generally explainable. The prospects for
continuing stability are good.
AS a Place of Investment.
The desirability of Washington as a
place for Investment has been appreciated
for years by many investors in the states,
and the number of these IS increasing.
Considering the large number of transact
tons involving loaning money with real
estate as the security the number of fore
closures Is relatively so small as to be
scarcely worth talking about
Zone reason for the stability Of Washing
ton Investments is the fact of the stability,
of the nations clearing houses-the vari-
Gus departments OF the government
These are not manufactures, but their
management is along lines wAich are sim
liar to those observed by many extensive
manufa curing enterprises, IN the employ
ment of large numbers of people and In the
system observed in their management, but
vastly different, In that they are not Affect
ed by labor troubles or by bitter local politi-
cal upheavals and 10y the fact that her
common council is without an equal in any
city anywhere.
This Is becoming more and more appre-
ciated every year by people OF learning and
wealth who are coming here to reside for
at least a part of the year.
THE coming of such is establishing a
new standard In home-bulding- This is OBJ
servable in many directions, but especially
in the northwestern section and upon the
heights. A new standard of business-build-
ing has also been established and is being
enlarged.
Homes of Newspapers.
What were the homes of the newspapers
a decade or SO ago? Their present homes
will compare favorably with the best or
those in cities which claim a much larger
population than Washington does.
Homes of the Tradesmen.
what shall be said Of the homes OF tho
furniture and dry goods trade, of the trunk
and leather goods business. of the bank
ing and trust business, of the savings bank
business, Of the apartment house business
and the hotel business?
These are all associated with the i'm
provement in Washingtons real estate.
washington may not have the booms
and spurts which some other places have
had, but all things considered. in which she
can be reckoned she will occupy a con-
spicuous position when the comparison
| takes place; and she will keep on growing
as the country does, in population, wealth
| and influence"