Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1912-02-11
TIMELY REAL ESTATE GOSSIP
Trading Stamps for Prompt Rent
Payment is the Latest.
OMAHA OWNERS DON'T LIKE IT
Masons Expect Definite Plans for
New Cathedral Soon-IIlinoi.
Man Buys Property on
Lower Harvey,

The latest green trading stamp propo-
sition is not looked upon with favor by
the Omaha Apartment House Managers
association. to which letter explaining
the scheme was directed. Here is the
letter:
Gentlemen: The enclosed circular pre-
sents unique use of 5. & H." stamps
by the Modern Fireproof Tenement COM
pany Of New York City and it has been
endorsed by them as a success.
This plan eNplodes the old theory that
1t Is cheaper to move than pay rent"
The Flag tenants think It is cheaper TO
remain and collect IS. & H." stamps
Enclosed was a circular, headed, The
Modern Way. Furnish Your Flat at the
Expense of Your Landlord" Then fol-
lows an explanation Of the scheme by
which tenants are actually paid for lIy-
ing in a house. Green trading stamps"
1t says, ARE given 10 all tenants who
promptly pay their rents each week in
advance. The premiums obtainable for
these stamps are OF sufficient variety to
suitably furnish any room in the house. e
On the diverse side of the circular is a
picture of an interior furnished at the
expense Of the landlord"
Masons are expecting definite an
nouncement of detailed plans for the
erection of the new Scottish Rite cathe-
dral at Twentieth and Douglas in the
near future. The committee in charge Of
the plans is rounding out its work
though considerable detail remains to be
completed. The structure will be OF
Ionic design, with massive entrance. On
either side OF the entrance will be col.
umns extending the height of the build
ing. An auditorium with a seating ca
pacity Of 1000. a pipe organ. a banquet
hall. parlors and lodge rooms will be
features OF the interior.
Dewitt W. Smith. an Illinois investor,
who has purchased four different mer-
camille properties in Omaha, through the
agency of Payne & Slater company dur
ing the last eight or nine years, sggre-
eating nearly Sloo 900 valuation. has again
evidenced his faith in Omaha property
for investment by purchasing the four
story and basement. stone and pressed
brick building at the southeast corner Of
Eleventh and Harvey streets. now oc-
cupied by the Crown Cork & Seal COM
pany. the purchase being negotiated for
Mr.. Smith by Payne & Slater company.
The consideration is not given out, but
1t is understood that the property was
sold for about $4,000 cash. The building
alone cost much more than that in the
boom" days of Omaha.
Each Of Mr.. Smiths other four prop
critics purchased in Omaha have enhanced
materially in value and the rentals on
same have been advanced from time TO
time. making every one Of his investments
profitable revenue producers. The first
property purchased by Mr.. Smith was
sold last year at profit OF Is per cent on
the original cost. after paying him an
average net income of over per cent per
annnm, dnrlng the eight or nine years
Mr.. Smith held It.
F. W. Smith has sold house at
Twenty-seyenth and woolworth TO
Charles woodson for sicc0
A. @. Blom has bought from Amanda
Guennette Tor s3lVs a mouse on seward
street. between Thirty-fifth and Thirty
sixth.
Lille Winward has sold TO J. W. Simp-
son ten acres Of land north Of Florence
for $500.
Henry Jensen has sold his elghty-acre
farm south of Waterloo TO A.. C. Ander-
son for $500.
Scott & Hin. who built and sold four
teen houses In Darr Place last year, have
bought ten lots In Dean Place, situated
one block north Of Hanscom Park, on
which they will start several modern
dwellings in the near future. This firm
expects to build fifty or more houses
during the year.