The Washington times., 1911-08-15
INSURANCE FIRM
BACKS WOODNARD'S
NEW BUILDING HERE
Another Demonstration oi
Confidence in Washing
ton Realty Operations.

The confidence with which the most
careful investors Of large funds regard
the safety and earning power of Wash
inston real estate and buildings, is il
lustrated again today by a large loan
which has just been made upon the
new Woodward building. deed of
trust for $50 900 was recorded with the
District Recorder yesterday, showing
that Samuel w. Woodward has secured
that amount Of money from the Tray-
clers' Insurance Company. Of Hartford
Conn.
The mortgage covers the Woodward
building property and runs from one 10
five Years. and the interest Is named at
5 per cent. The City Bank. Of Hart
ford. and +. Quincy smith, OF Washing
ton. are named as trustees.
Considerable speculation and interest,"
in the financing Of the Woodward build
ing has been evident ever since MIR.
ENoodwards plans to erect n large Of
11te building at the southwest corner or
Fifteenth and II streets northwest. were
first announced. Rumors were afoat in
real estate and financial circles that the
money was forthcoming from Boston
and New York sources, but there never
was anything definite.
The other new office building directly
opposite. the southern building. also
was financed chiefly by large lnsur-
ance company, the Equitable, OF New
York. which took sSO0,OOO of the first
lnortCace bonds of the Southern Build
ing Corporation.
To Build Capital City.
Australia is asking the architects of
the world to submit competitive designs
for a new capital city for that country,
and specifications have been received at
the British consulate, II State street,
New York The Australian government
= IL l., a aTNNF To In
township Of Dalsety, in the Bombala
district on the Snowy river, almost on
the border between New South Wales
and Victoria Victoria is the present
capital.
II is estimated that the new buildings
will cost S35, 200 600. Three prizes to COM
peting architects are offered, first
prize of $500, a second of $3.50, and a
third of $2,425.
Buys Dwelling.
Max Abel has purchased from Shan
non & Luchs the two-story dwelling at
1863 Perry street northwest for $5,0O0,
and will occupy It. The house has just
been completed and contains six rooms.
Real Estate Transfers.
'woodley Park-Lea Hin to Joseph L. Brts-
tow, lot So, block r. SO
N street northwest, between Thirty-fourth
and Thirty-ffth streets-Thonas b. Good
y.
60, square 1928, $40.
North Carolina avenue southeast, between
First and Second streets-F1orence D. Nc
AulIfTe ct ux. to Joseph L. and Viola NJ.
Barnard, lot 60, square RS, SO
Tenth street northeast, between c and D
streets-Herman r Howenstein ct ux. tO
Edna NJ. RIvcs and Will c. French. lot 81.
square 963, SO. Same to Leila Lee, lot
81, square 963 so.
Pennsylvania avenue southeast. between
Fourteenth and Fifteenth streets-Herman
r. Howenstein et uX. to Howard r. and
Fannie S. Robey, part lot Il, square 1855.
$3.50.
Hillbrook-Minne r. Collins ct vir. Elmer.
to Mary A. Kundahl. lots % and %, square
5077. SIS.
Fourteenth and streets northwest-William
3. Mcknight ct TO Mamie F. Phillips
part original lot e. square 23S, SO
625 and 627 Thirteenth street northwest
Amanda J. Thorn. trustee. to Edna L.
Clapp part lots 10 and 10, square 2S9
Sl09. OO0. Edna l. Clapp conveys same prop
erty to George p. Hunting. $40
Estate Of William Holmead-Charles w
King ct u1. to Max Oppenheimer, lot Il,
SO