Evening star., 1907-11-02
HAS ITS ADVANTAGES
District Realty Looks Good 10
Man With Money i
SAFE AS INCOME-PR0DUcEH
Features of Washington as a City
of Homes
RANGE OF CHOICE OFFERED
The Attractive Outlook for Property
Both Distant From ana Neas
the city's ceutea \
SAFE AS INCOME-PR0DUcEA
RANGE OF CHOICE OFFERED

Lie NANy SSAkS<s
Zone Of the features OF the realty mare
ket" said a leading broker. us the dis|
position shown by purchasers to acquire
income producing property for investment
purposes
"Of course. the speculative side OF n
continues IN its usual volume, and thoss
on the lookout for bargains are ready to
pick them up as offered, but there seems
to be marked tendency toward sales Of
property in all parts Of the city which
will Yield an immediate and satisfactory
income upon the investment rather than
the ultimate profit from a future sale
During the past week trading in the
class of property named has been brisk
as regards actual sales. while the inquiry
for such has perceptibly increased
Perhaps the unsettled condition Of the
stock and money markets has had much
to do with the tendency noted. Investors
have seen that in money and stock specu-
lations 1t is possible to have the capital
entirely wiped out. with substantially
nothing to show for the initial investment
Security of Real Estate.
Investments IN Washington real es-
tate, however, are not subject to any such
contingencies, and offering the security
that they do to intending purchasers pre-
sent field for investment that naturally
attracts not only those with surplus cap
itaI who reside with US. but many from
other cities NV office has made, among
others. three sales this week to parties
from Philadelphia of property which may
he said TO be distinctly of the class
quoted.
In these instances an immediate re.
t l. 81. O..
had. which. with good tncome-producing
property, is equivalent to coupons from
gilt-edged securities. and the buyer is re,
lieved Of any anxiety as to the stability OF
his entire capital
Suburban improvements.
while there was much suburban i'm.
provement last summer and fall. espe>
cfally in the northwest section, where
great many new houses were built streets
graded and lots leveled and otherwise put
into shape for sale. anticipate that next
year will see these results very much aug
mented.
With the extension Of car lines Offering
direct communication with the center Of
the city the increased use of automobiles
and the utilization of other facilities of
modern times. suburban life does not pre-
sent the difficulties of few years ago
With business men owning machines time
to and from their offices has been reduced
to minutes. while the added car service
makes to the moderate home buyer in the
outlying sections the problem of easy ac-
cess much less formidable than has been
the case.
Another feature of our suburbs is that
they are situated very attractively which
cannot be said of all cities. The land
usually lies in a high and commanding
situation, conducive to health and en-
joyable occupation and is almost entirely
free from the Objectionable surroundings
which characterize the suburbs Of many
large centers of populations, while inter-
vening marshes. rivers and other obstruc-
tons are conspicuous by their absence.
Conventions Invited.
'In considering the upbuildng Of our
city it should be our desire to attract
as many strangers and residents frou
other quarters as possible.
LAS the seat of the national govern-
ment, Washington is more or less at all
times in the public eyes, and there is
steady stream of visitors and tourists
coming and going through our gates.
This tide of human traffic should be
swelled by all possible legitimate means,
and the making of Washington a con-
vention city will have a strong tendency
toward this desirable end.
Conventions. therefore, should be in
on the other hand we should provide bet
ter and more suitable accommodations
than we now have, and to this end the
project of a fine convention hall should
be revived and carried to a successful
conclusion.
"I note in the entertaining column The
Star is at present running to the most
urgent need OF the District that many
of our merchants urge the erection of
a convention hall, but to make the
scheme a success the idea must be car
ried beyond the mere suggestion stages.
1t has been from time to time agitated,
and once it seemed though 1t might
go through, but the fact remains that we
as yet have not the place such as would
beft a city of the importance Of the
capital.
A City of Homes.
strangers are impressed not only by
our fine public buildings. our beautiful.
smooth tree-lined thoroughfares which
open at nearly all intersections such fne
perspectives and vistas, but by the fact
that the capital is a city of homes.
Indeed OF the many designations
which have been aptly bestowed upon our
municipality, to my mind the city OF
homes is one of the most fitting. Mile
after mile in all quarters extend these
continuous lines of homes, from the
palaces of the rich to the less preten-
tious but comfortable dwellings of thoSa
in moderate circumstances.
1T is these squares of homes, with their
lawns and parkings In front. which, TO
my mind. constitute one CT the best and
most valuable assets of the city, and
they in themselves invite strangers to
come among US and share in the ad-
vantages and comforts which we have
over other cities. Hence. the more con-
ventions and other assemblies that we
can attract to us the better, and some
organized effort should be now made to
carry the project in question to a SUBJ
stantial issue.
Demand for Inside Property.
The demand for inside property and
the general activity il various lines,
especially in good business holdings. con-
tinues satisfactorily. Another present