The Washington herald., 1915-12-12

between promise and fuifllment. Per-
haps the deadening atmosphere Of the
assessors office has been too much.
In Respect of the Evening Star Paper
TIL George Report has been roundly
denounced by every land specuiating IN
terest in the District, by every agency
OF favoritism and under-assessment. 1t
has been scored by the unanimously
adopted report of the Washington Board
of Trade with its l5s real estate. loan
and insurance brokers. The Washington
Star has devoted several hundred col
umns to It's attack and attempted demo-
lition, but II still stands.
Consider the Star. ablcst and most
prosperous of Washington dailies With
out doubt 1t Is one q the greatest local
newspapers in the United States. Its ad-
vertisinG income is a round million dol
lars a year. II is as srnugly respectable
as a dormant deacon in a darkened
church.
OF the Stars tremendous income II is
estimated that $4,000 is from real es-
tate advertising. Not consequently. but
coincidently, the Star is champion of the
real estate interests. Were the figures
Of sales and prices which have appeared
and continue to appear in the advertis-
ing and news columns of the Star to be
used as a criterion of land values in
the District Of Columbia their total would
be, not the $50. $1,000 of the z. w.
Oyster 1906 estimate. not the s5ci5oo.s .sso. Of
the George Report, but around $500 00o. 900.
The Star. In good faith. should either
give full credit to the accuracy Of the
able and conscientious reporters who
handle its real estate news and stand by
the integrity OF its real estate adver-
foI, t. rnf hnv1o oafl "
criticise the figures of the George Re-
port), or 1t should print ';Caveat Emptor"
at the head OF its advertising columns.
Washington the Home Of Uncounted
Wealth.
Let me quote from one of the Stars
principal advertising patrons, Thomas ].
Fisher & Co.. agents Of the Chevy Chase
Land Company-tthe principal suburban
syndicate in the DistricO-agents Of
Massachusetts, Avenue Heights.-another
important suburban development.-in fact
the principal real estate agents In Wash
ington: collaterally the firm Is affiliated
with the Union Trust Company. the Union
Storage Company. the Raleigh and New
Willard Hotels. This extract is from the
STORY of the Heights seductive ad-
vertisement dealing with Massachusetts,
Avenue Heights. Washington. d. c., its
whereabouts. its Purpose. its Plans, and
its Attractiveness to Investor and Home
seeker" and copyrighted at that. Con-
cerning the multimiiiionaires and bon
ANA kings who have been drawn by the
beauties of the National Capital to buy
and build palatial homes. II quotes ap-
provingIy from the New York Times:
land so they como. piling millions upon
millions into the National Capital. They
NI..t- .t..ov
The result after the passing of another
decade is hard TO prophesy. Then there
is multitude of wealth on. smaller INSTALL
ments. The wealthy of the seven figures
or less are coming. The gauntlet of the
acquisition of that sort Of wealth that
goes hand In hand with social promi-
nence is thrown down by the National
Capital
Where is the city that can enter the
lists with her? There can be only one
answer There is none.
ABROAD as well as at home Washing
ton is known as the American city en-
joying the most Of that culture which
comes with the Possession of great
wealth. The world knows that the United
States is the country of greatest re-
source and OF the greatest number of
rapidly increasing fortunes. This fact
recently caused the Washington Post to
! remark:
"'If the owners of those fortunes con-
centrate in Washington, soon the city
will be acknowledged the richest capital
in the world. That time seems at hand.
As grows the Nation. SO must grow its
Capital
Real Estate-the basis of all solid
wealth-offers wonderful profit In
Washington. 1t never can shrink In
value unless the Nation shrinks. 1t h
not like stocks and bonds and ether Sc
curities. In 1868. according to 4oody's
Naeaxine, the stocks of this country
!, dropped Ss.coo 900. 600: In 1907 they shrank
s.. 900, Coz. .o0o:i In Is1c-iast year-they went
OF ss5o. 100000. During the past thirty
years. !. according to the Nanufacturer' 3
Record Of Baltimore. the value Of wash
ington real estate never halted, but in-
creased from $eca 0ooooo 10 Ina ooo, ,0oo."
These figures for real estate vaiues are
: - 49, - o1na