Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1919-10-18
PERMANENT HOME
FOR N. {. A. To Be
At WASHINGTON
Property Purchased for Ma
tIonaI Headquarters of Or
gaa1nIzation After July 1,
1920 Location Is Desirable

washington, Oct. 1.-THE National
Ltuucalon association now owns the
GuEsenhelm property on 18th and
M streets which after July /. 1920
VIII pc used as the national head
I quarters of the association. This val
uapie property was purchased for the
sum OF $4,000, 1t is now occupied by
the National Research council which
VIII retain possession until july / at
! a rental of $541 a month. The loca-
uoh IS one of the most desirable in
! washington being on 10th street ONLY
| I'VE blocks from the White House and
| qiasohally across the street from the
| nome of the National Geographic So
| city ~
| sixteenth street, or Presidential av
ehue as it is sometimes called, extend
ing from the White House north to
me district line, passing by the lead
ing embassies OF foreign countries and
Lhe most beautiful and expensive
dwellings in the city is not only con-
sldered to be the finest street in Wash
world.
The building is well adapted to the
needs or the association. 1t is beau
tltul four-story structure, S5x42 feet.
crete and fine quality of brick. The
columns and finish are Of heavy oak
me rooms are large and well lighted. |
The building is of colonial design and |
holds its own in a good degree with |
the beautiful and substantial buildings |
or the National Geographic society. |
The board of trustees was author |
lied by unanimous vote of the active
members at the Milwaukee meeting
10 invest portion of the associations
permanent fund in Washington prop
efty TO be used for rental purposes
and as home for the association. A
committee consisting of Josephine
Corliss Preston, w. r. Sders and ].
T. Joyner, visited Washington in July
FOR the purpose of investigating avail
able Hroperty. The committee ac-
cepted for consideration propositions
from real estate men and from own
ers and after selecting eight of the
most desirable employed an expert on
values to make a careful investigation
of these properties and report to the
committee. After receiving this re-
port meeting Of the board of trus-
tees was held at the national head
quarters of the association September
10, when after further inspection and
investigation the Guggenheim prop
erty which had been submitted by
he f. II. Smith company for the
Savings and Trust company
ana valued at 100000, was decided
upon as the most desirable The as
'ociation's first offer of sos, 900 was
lot accepted. A later offer of $4,000
vas accepted and the contract signed |
october g. G
The true assessed valuation of this '
property as shown by the assessors
'ecords is 100000, which may prop
'rly mean that $4,000 would not q
rave been an aeXorbitant price, and i
renee the association purchased it as u
bargain Tor $9S, 900. The association
viii occupy the new location after u
,uly l. using one-half of the space of II
he building itself and leasing the u
ther half to the National Research e
ouncil or to some other reputable as p
=.
Vernon G., owen of washington.
Tho investigated the various proper n
les for the board of trustees, said. IA
In my opinion this property is worth ,
100000. / am also of the opinion =,
nat this is the best property for your ri
imposes yet offered you" III
Gilbert Grosvenor, director and te
lanager of the National Geographic 81
1ciety was one of the first to sug- ssi
est the Guggenheim property as a 10
litable home for the National Edu-
ltion association. He was anxious to -
'e a property selected which would Al
2 in keeping with the dignity and "a
'estige of this association and which
ould meet its needs for more than d
fly years. Many eminent men and u
omen of Washington have shown n
ersonal interest in the matter Of the n
lrchasing of permanent home for
e association.