Evening star. [volume] (Washington, D.C.) 1854-1972, 1908-06-27
ably then not come back with any clear
idea of what is the matter.
Question Of Money.

ably then not come back with any clear
idea Of what is the matter.
Question Of Money.
There is plenty of money. and then
again there is not, If that is under
standable. The banks have large re-
serves, and the rate for loans has sunk
way below the panic levels and are
back again to normal. There is money
to be had for building, as the records
show where deeds of trust are placed
on file. But for some reason invest
ments of this sort are not In full tide.
There is, however, more than was the
case a few months ago. Residences are
In. the majority. Business places and
apartment houses are not as numerous
among the structures that are In pro-
cess of being built.
The reasons given for the statement
that building can be done more reason
ably at this time than was the case. for
instance, last year are that materials
cost less and also that while there has
been no change In the scale of wages
paid in the building trades. yet owing
to the slackness of work and the COM
petition for jobs, men are reported 10 be
doing a fuller days work than was the
work done foots up less in cost on the
wage account than formerly.
This condition OF the market is un-
doubtedly going to make itself felt
more and more as the season goes on,
and there is probability that the
usual course may be reversed and there
may, be more buildings started later In
the season than during the early por-
ton.
Surveyors Office Busy.
The change that is going on in this re-
spect is indicated in the course OF busi-
ness in the office Of the District surveyor,
where Mr.. Richards finds that the appli
cations for surveys of building lots are
more numerous than was the case last
year, and also that the volume of business
is greater than earlier in the season.
This last condition is unusual. for it is
more common that the rush for surveys
on the part Of those contemplating build
ing is greater IN the spring; ano o~,no! nis
the applications for the survey OF lots
do not come from those who intend TO
build. There are other reasons for Sc
curing an official determination OF the
bounds Of land than that OF improving 1t
with building, but for the most part when
a survey of lot is requested 1t generally
is a preliminary to the erection OF
building
At any rate the condition Of business
at this time in that office Is significant
of what is going on In the buildin grades.
and there is no doubt in the minds of
those familiar with the situation tnat the
coming months Will witness an increase
rather than a decline In the operations
in this city.
Enlarging Houses.
Changes of importance are being made
in two of the residences in N street be-
tween nth and 18th streets. which will
result in larger and more. commodious
homes House 1851 N street. which was
recently purchased by Admiral Brownson,
is being enlarged by the addition On the
east Of a two-story and basement build
ing. On the first or main floor will be
one large room, which will be library.
while above will be bedroom. lift Is
being put in, and new staircase and
ether improvements. The architect is L.
Norris and the builder John g. Larcombe
From plans made by the same architect
changes are also being made In the resi-
dence on the opposite side OF the same
street. which Mr.. Morgan Hill recently
purchased The main entrance Is to be
On level with the street, and new
staircase is being provided
The addition to the building of the Cos
mos Club, which extends Its frontage on
Madison place south Of H street, is to be
remodeled so as to conform to the main
club building.
This portion. originally a private dwell
ing, was purchased some years ago by the
club. 1t is interesting to know on account
OF the recent purchase Of property by the
that building on H street. that the club
raid about $50 per square foot. This price
was said to have been given in the re-
cent transaction by which the holdings OF
the hotel were enlarged.
New Subdivision.
Work has been begun on the grading
of the streets in the new subdivision OF
Rosemont. which lies near Alexandria
and along the line Of the electric railway
between the two cities This enterprise
has been undertaken by men Of means I'll
to the plans which they are preparing to
carry out the new town Is TO be pro-
vided with all the conveniences for mod
ern living.
Sidewalks and cutters are to be put
down. and also sewers and water mains.
and next fall it Is expected that at least
100 trees will be set out. II Is stated that
no fences except hedge fences will be
permitted. 1t is also further announced
that the Rosemont Development Company
has given to contractors plans and speci-
1cations for a number Of attractive
houses. and in the very near future build
The restrictions for the new suburb are
said to be such as to eliminate ell objec-
tionable features and prevent any crowd
ing. Plans for railroad station to be
located on the property have been pre-
pared and the building Is to be erected
Immediately
Mount Pleasant Apartment.
A local investor has increased his real
estate holdings by acquiring through
Stone Fairfax the brick ard stone