The Washington times., 1910-04-30
Real Estate Men Will Assist
Chamber of Commerce
With Project.
EFFECT EXPECTED
ON PROPERTY SALES
Opportunities for Investment Ex-
pected to Impress
Visitors.
By JOHN MARTIN.

Indications are that the Washing
Ton real estate fraternity by an or
gained effort VIII assist the Cham
Der Of Commerce TO make a success OF
sts homecoming week in October
Members of some Of the old-estab-
5ished firms today put themselves on
record as being entirely in favor OF
holding the proposed celebration. and
indicated that they would be willing
10 cooperate IN every way with the
chamber.
One member went so far as to de-
clare that he did not believe ten times
the amount Of money that viii be
needed to make a success of the event
could be as advanta seoUsIy spent ad-
Vertisiug Washington in any other
way.
ngtouIans generally are &C
QUainted with some of the theories
which are advanced to account for
the stability of the local real estate
market, and the great number Of out
side Investments that are made in if.
one Of them is that every American
citizen cherisbes the hope Of visiting
Washington at some time in his life
and doubtless would take more pride
IN owning property in the Capital OF
ms country than in any other CITY
Would Welcome Visitors
Thus the real estate men point ont
that any plan which would reduce
transportation expenses and other
wise lessen the cost Of visiting the
capital would be a big boon TO the
" Washington real estate market
Il WC I'd result they claim in 4n-,or
EtratlnS on a large scale the truth Of
their theory regarding the countrv'>
interest in Washington real estate on
q large scale and be reasonably sue
10 leave many thousands OF dollars
invested in it.
II the Washington market operates
like a finger upon the pulse Of the na-
ton prosperity, as IL j. said TO do
no better proof Of this fact could ht
round, II IS asserted, than III the mar
Eel $ enlarged ana permanent activity
after citizens from every section Of the
country have visited the CauiUaI and
assured themselves that local conditions
ere as good as II not better than. the,
have been represented 10 be-
n H Calfee, Of the y l. SanSbury
11-m7 IS OF the opinion that no projecf
can better advertise The stability OF
Washinston's grounded interests tnar
q homecoming week
Many IndoTse Project
-SEch an event could be made tn,
biggest celebration Washington has eve
had. and neither effort nor exDens.
should be spared in making il reaITz,
al Il IS capable Of" said LI-. CaTfee-
Morton J Luchs, Of shannon & Iucbs
IS equally as enthusiastic over the ad
vantageOus results q homecoming corTe
be made 20 have
1T would stimulate all our business
Interests" said Mr. Luchs- Il beIiev,
real estate men should and will cooper
ate with the Chamber Of Commerce n
the matter"
Among others who have indOrsed IN,
project IS Ernest H Daniel, of WiIlige
Gibbs. & Daniel said Mr. Daniel
a homecoming week in WashinEto1
could be made a national affair, while
similar celebration IN any other city
could be only local We have TN
Government with US here II is a spIen
did opportunity for americans TO be
come better acquainted with their Cap
atal. and I an surprised II has not beer
attempted before II IS my belief TIA
the real estate fraternity in its eutiret7
VIII give the fullest Endorsement to thu
project"
Investment Possibilities
The coming Of thousands Of forme
Neutrality-suspicious. and others TO the Cap
ttRI Just at this time, II is pointed out
shouId have most extraordinary efec
E1pon the real estate market, for N,
reason that the market IS in a position
90 - exploited upon an extraordinar,
scale
The Governments operations aIons
Pennsylvania avenue are pushing tn,
business section nOTthward so rapidly
that z street formerly e Residential
Etreet, is already largely becoming
business thOroUgilfare-
The opportunity for investment il
Washington business property at TIT
present time has never been eXceIled-
IN the northern outlying sections al
ground that IS available for sUbdividin.
purposes is being rapidly acquired
There are many investment pOssibiHtie
IN these sections. for the reason tha
the ground Is in demand, and promise
70 be more 50.
Aspire to Million
As the situation stands. Washington
Development during the next few year
promises 10 be greater than in an
other period in its history Of the sam
length Of time
With the stimulation that would b
given this natural condition by tn
bringing Of visitors TO the Capital frOT
.leVed he growth. Of the Capital wOul
be phenomenal
The claim has been made that Wash
-uCtou, by employing a systematic meth
increase her population 20 100000 Z
ten years
Real estate men believe that the home
coming ceTebra ton viii be Tie first Do
step toward the 1-la.0lt goal