Evening star. [volume] (Washington, D.C.) 1854-1972, 1913-08-07
COMMITTEE AGAINST
WRITTEN TESTIMONY

VMIILV
CONTINUED from First PagA)
an answer which would commit him
Mr. Kalbfus, under questioning, ex-
board Of assessors. Representative
George made a point OF the fact tina,
| the appeal board includes the men who
make the original assessment and per-
sonal tax assessors. who know moth
Because of Representative Georges evi-
dent theory that the Corcoran estate had
given Mr.. Kalbfus an excellent deal In
| selling him lot 162 for $1,915. about q
| cents a foot and that the Corcoran es-
tate. as represented by the Louise Home
| which was founded by w. w. Corcoran
loaned $1,000 on the lot, Mr.. George drew
detailed testimony concerning the Cor.
coran heirs.
Makes $4,000 on $25 Invested.
Mr.. Kalbfus said he went into a dea,
with J. c. Ramage. buying some prop
| erty for s.. 468. He said he made abou,
$4,000 on the deal. and he had put up sos
| Mr.. Ramage furnished most Of the money
| for this purchase.
At this point Mr.. KAlbfus made a strone
denial that he was q friend of the trus.
loan from that institution was made
through loan broker.
The next deal was with Conrad Becker
lots on Belmont road near Connecticut
avenue. Mr.. Ramage was with Mr.. Kalb-
fus in the sale.
The two lots contained 1875 square
feet bought for Is cents foot q total
OF $12.Ss8.75. L L. Nicholson sold the
property for Frances A. Boyd.
Mr.. Nicholson was with the Corcoran
SON.
Yes"
These lots were sold to William Wat
son Lawrence for 81 a foot. q total of
$17.1s5. making a profit after deducting
charges of $3.7S0.20. The profit was
made In thirty days
Mr.. johnson asked If ''Mr. Lawrence
had not bought the property before
Ka1bfus was put in to make a profit"
Mr.. Kalbfus said Mr.. Lawrence would
have to answer that
Mr.. Johnson. by questioning Mr.. Kalb-
fus, had the witness say that state
ment from which Mr.. Kalbfus had
been reading had been carefully pre-
pared before coming to the hearing.
And it leaves out an important fact"
Il don't see why you say that 1 wish
to answer everything fully.
Mr.. Johnson explained that he thought
the fact that Mr.. Kalbfus had made
$500 in thirty days should have been
included specifically in the prepared
statement
Divided the Profits.
Ibid you keep all Of the $3.50. or did
you give any one any part OF it?'' asked
Mr.. Johnson.
II gave Mr.. Ramage his share; paid
the brokers' fees. That was ALL
The next purchase spoken Of was that
Of 1727 De Sales street. bought for $6,250
July 81. 1908.
Trusts amounting to 5000 were on 1t.
When it came due, Mr.. Nicholson. the
loan broker, secured q loan from the
Louise Home to meet it Mr.. Kalbfus
lived in it q year, now rents 1t out and
the five-thousand-dollar trust Is sun on
it. The original owners were z. Kent
Roberts and Frank ]. Tibbetts. The prop
erty was assessed in 19O5-1006 for $, 400,
and now at $3.50 less. Mr.. Kalbfus said
it was assessed higher than its neigh
bors.
Il paid $3.50 for It. and it is now as
sessed on the basis Of full valuation OF
$3.50, two-thirds Of which amount is
S. O5O," said Mr.. Kalbfus.
Two unimproved lots near the jail
were bought by Mr.. Kalbfus in October
1909. for $685. from the Y. M. c. A. The
deed transferring title was from 8. W.
Woodward and John Joy Edison, trus-
tees Of the Y. M G. A.
"Is John Joy Edison president Of a
bank?' asked Mr.. johnson.
Are these lots in the territory EN-.
braced in the Mcmillan park plan?"
IT don't know"
Have you ever heard OF the proposition
to acquire the Jail property. which cost
million dollars, and turn it into a
park?"
mo, SIR
Tells Of Other Deals.
Following Mr.. Kalbfus' explanation OF
his purchase Of a small Maryland farm
he said that his latter-day transactions
in real estate were all in the nature OF
investments or speculations with Allan
E. Walker.
The first deal with Mr.. Walker. he said,
was the purchase of the BLACK tract
ing of eleven and half acres
Representative Johnson turned the tide
Of the query back to the lots near the
Jail, and as he opened published vol
ume of the Mcmillan plan commission q
to Mr.. Kalbfus.
"Who was the gentleman who just
whispered to your" asked the chairman.
'.My cousin. an official stenographer Of
the senate. maven seen MIN IOT SoV-
eral years"
The two squares In issue were found
to be about a block from the proposed
park.
Representative johnson then went back
| to the property bought from Mrs. Edith
s. Black for $4,000. Mr.. Walker Dor
rowed $4,000 from Charles C. Glover.
Mr.. Kalbfus said. ''The amount Of cash
REQUIRED to purchase the eo property" add;
contributed 5000 and Walker S. 1000"
Mr.. johnson wanted to know whether
| II was Mr.. Glover's money or the bank e
money. Mr.. Kalbfus said he had no
idea.
Says He Borrowed $4,000.
Mr.. Kalbfus said the 5000 was bor-
rowed by him from P. A. Drury.
"a banker and brewer?'' asked Chair
man johnson.
"A banker then and brewer afterward. I"
Mr.. Kalbfus replied.
Some OF the property has been sold.
Mr.. Kalbfus said-about half: but that
the operation is not complete and that
Mr.. Walker has all the Information con-
corning it.
He said he eventually hoped to make
$4,000 out Of It
1T does not look like $4OO00f'
Nowhere near it."
But Mr.. Walker win make $4,000"
"Oh. yes"
"And that's $4,000
II should say So"
"A tidy sunni" :.
IA very nice one; wish I had It now. .
This was a nice speculation, suggest
ed Mr. GeorgA