davidaulloa/AmericanStories huggingface dataset:
The Washington herald., 1920-01-25
Own Your Own Home Gets
Big Boost in Minneapolis
From Long Term Loan Idea

| An interesting description of
home financing. as worked out in
Minneapolis. is given by Herbert U.
Nelson. secretary of the Minneapo-
lis Real Estate Board, in an article
In the National Real Estate Jour-
nal. Just how the plan works out
In that city is recounted and many
hints are given which might prove
useful in other localities. MIR. Nell
son says in part:
when the Home Financing Cor
poration of Minneapolis opened its
doors for business. one of the chief
objects of the Real Estate Boards
own your home campaign had
reached fruition. This corporation
Is similar to many which are being
launched throughout the country,
and has been organized with a
capital of s250,000. solely for the
purpose of financing dwellings on a
basis of long time credits.
| 5. N. Reep, president of the cor
poration, states that the fundamen-
tai purpose of this corporation is
10 stimulate home ownership in
minneapolis among wage workers
ana salar1ed employees. All ques-
tions of policy are to be deter
mined on the basis of whether or
not any given policy stimulates
nome ownership on sound princi-
Piles.
The Home. Financing Corporation
VIII loan any man with steady en-
ployment and a good reputation, 50 per
cent OIL the full value of any property
already built which he wishes to pur-
chase. or a home which he NAV wish
TO build The prospective home -buyer
or home-builder must have the addi-
tional 20 per cent. The terms of a loan
are arranged so as to provide for COM
piete payment with interest in $50
| months. or approximately twelve
years. The rate of interest charged ia
Y per cent above the market rate and
under present conditions in our CITY.
amounts to 81 per cent. The borrower
must also pay the regular real estate
board commission for loans, which is
3 per cent.
In fifty months or about four and
one-half years a loan will have been
/ reduced by monthly payments to 50
per cent of the value of the property.
When this has been done it Will or
dinarily be possible for a borrower to
finance himself in any of our trust
companies or real estate loan offices.
and also eliminate, il he so desires,
the monthly payment feature. Ror-
rowers will be encouraged to do this
in order that the company may re-
serve-fts capital entirely for the pur-
pose of reducing the margin between
50 and so per cent on loans. which for
most home-buyers is the crux of their
| difficulty.
The corporation. in order to pro-
tect its investment. takes title to any
property on which 1t loans so per cent
and deposits the same with a trustee.
When $4,000 of mortgages have been
made In accordance with this princi-
pie, they are placed in the hands of a
trustee, and a series of bonds are is
sued against them. These bonds pay
per cent interest. and in amount
will total about Is per cent of the se-
curity. By this means the corporation
constantly refinaces itself and gains
new funds for investment. On . capi-
tai of s250.000 by this method 1t will
be possible to do more than 8, 900 900
worth of business In a year. Bonds
iwu issued IN aeries ~ ahaye on
The Washington herald., 1920-01-25
John L. Weaver, Local Real.
tor and President of the
National Association Of
Real Estate Boards, Tells
How Best to Win Success
In Meeting Problems.

What cooperation means to real
estate men. not only of Washington
but of the entire nation, was told
recently by John l.. Weaver, presi-
dent of the National Association OF
Real Estate Boards. in an address
before the New York State Associa-
tion of Real Estate Boards.
Incidentally. Mr.. Weaver gave q
few eye-openers on the necessity Of
vision in the makeup of a success
ful real estate man, and told of the
great service to the nation which
might be rendered by the men who
daily buy and sell and improve prop
erty in cities. suburbs and country.
| Mr.. Weaver's speech in full is as
follows:
You. as business men. know tha,
In your community you are over-or,
ganized. BY the same token, you
are often under-efficient. / mean a
community proposition. Buffalo.
or Rochester. or Albany, or Troy
each one has it's civic problems.
Your association. the other mans
association, your friends associa-
tion, deliberates and resolutes, but
you get nowhere. The idea that I
wish to impress upon you is that
the time has come for the real es-
tate men to initiate big community
idea, to make effective by coopera-
ton all the different civic organi-
cations In a progressive community.
Suggests Civic Clearing House.
Il suggest the organization of a
CIVIC clearing house IL you please,
! a BODY in which every upbuilding
agency in your community is rep
resented. Everybody claims he won
the war. Maybe he did. but i want
20 say to you that cooperation won
the war. 1t was team work.
thoroughly directed. 100 per cent
efficient cooperation. That is what
won the war: that is what will
elevate. safeguard and protect pro-
gressive community development in
the United States.
! No matter how good an idea may
be, l. is worthless unless it is put
into execution. What l have said.
and what l am about to say will
hardly be worth saying unless you
! progressive men of the State of
New York take this message home
to yourselves and to your commun-
| ity. We are confronted with many
problems. Old conditions probably
will never come back as they were
before the world war. Every COM
munity has it's labor problems;
! every community has its taxation
problems: every community has its
housing problems; every community
has its public and semi public finan-
cial problems. Community house
keeping, otherwise known as mu-
nicipa! government. must be over
hauled. This is a function for a
civic clearing house. 1t Is an op-
portunity for 3cientific concentrated
cooperation between all the best
elements Of community life in the
! United States.
Builders of Future.
Have you ever stopped to consid-
er that most of the communities in
the United States would not today
be as powerful, as beautiful as con-
venient or as comfortable IL it had
The Washington herald., 1920-01-25

not been for the real estate man
with vision? He Is the man who has
made a mental blue print of whs I
his city should be ten or twenty or
thirty years in advance. and has
worked with all the tools at his
hand to make his dream come true.
Could there be anything more ap-
propriate than that this useful mem
Der OF the community should ask the
merchant and the manufacturer and
the banker and the school teacher
and the other classes of modern
communities to get together around
a table or in room and put to-
gethcr the experiences of each spe-
cialist for the benefit of the COM
munity.
''Hhe real estate man is interested
in housing. but so is the commun-
ity. The real estate man is inter-
ested in taxation. but so is the COM
munity. If there ever was a time
when a man could live his own life,
that time has long since departed.
and the lesson of the world war. as
l see it. is cooperation everywhere.
Housing Problem Serious.
Some great problems are coming
before the American people. Three
years of war. scarcity of material and
prohibited building means that the
housing problem in all communities
in the United States is serious one.
Public improvements halted by the
war must be given attention, great
questions of general public improve
ments like interior waterways, good
roads, and reclamation projects, will
claim attention all over the country.
The financing of these projects must
be given attention. Those who look
beyond the immediate present can see
an effort. constantly growing stronger.
to throw the total burden of taxation
in the communities upon real estate.
This does not affect the real estate
man alone. II affects every artisan.
every manufacture. every merchant,
every single element in community
life. 1t is but one problem OF many
that are coming before al lof us for
solution.
There is now pending before Con-
gress measure known as the Calder
bill. which, If enacted into law, will
permit real estate mortgages, especi-
ally for homes. to be discounted in a
similar manner to that in which COM
mercial paper is handled through the
Federal Reserve banks. This is a step
liz the right direction, for there is 4
vide gap between the Federal Reserve
Bank system which cares for all kinds
OF commercial paper. and the Farm
The Washington herald., 1920-01-25
GROUND FLOOR
OFFICES URGED
Writer in Real Estate Jour
nal Discusses Merits Of
Various Locations.

Real estate men have for years
been wondering as to the relative
advantages of a ground floor loca-
lion for a real estate Office as COM
pared to quarters located on the up
per floors of Office buildings" writes
Stanley l. McMichael. in the Ma
:ional Real Estate Journal ''Ac-
,ording to the subject it would ap-
pear that I am engaging in the
rather novel pastime of having a
iebate with myself. 1t happens in
his instance that ] am an advocate
of ground floor locations. but occupy
he anomalous position of having
recently leased a large upper floor
space in which to launch my own
business. My reason. 1 may explain.
vas the utter impoSsibility at this
time of securing a ground floor To-
,ation in the downtown section of
Cleveland.
Practice General Some Places.
In some cities the practice has be-
,ome quite general for leading real
estate firms to occupy ground floor
ocations. In st. Louis. Indianapolis
Sew Orleans. San Francisco and Los
Angeles there are great many en-
:erprising real estate concerns
which maintain ground floor offices.
IN many of the smaller cities
throughout the country. including
most of those on the Pacific Coast,
ground floor offices are extremely
common.
1t has been my privilege and pleas
are to visit many American and Ca
madam cities in the past eight years
and 1 have made a good deal of a
study of the relative merits of this
proposition and am convinced that
where a real estate concern is op-
rated on a rather extensive scale
hat ground floor offices are prefer
able, If not always entbely feasible.
1t is significant that ground floor
-entals in the large cities, are so high
n sections where real estate men like
% conCregate that it is difficult to
secure locations and the result has
oeen that in cities like Cleveland. New
York, Chicago, Detroit, Philadelphia
md other large communities that
here are comparatively few ground
1Oor locations
In Matters of Costs.
Inc cost OF ground uoor or up
stairs office space is relative. If a
concern l. doing a total business of
10000 per year and estimates that it
,an afford : per cent Of its revenue
'or an upstairs location surely by in
,reasinG its business to $4,000 per
year it could afford a ground floor
ocation at $1,000
ii shirts. sausaEes, shaves and
shoe shines can do a profitable busi-
less on the ground floor | cannot
understand why real estate. the
-reatest and most valuable of COM
mOdities in the world. cannot he sold
IN the ground floor"
The Washington herald., 1920-01-25
Four-Foote Heroes of War
To Have Fitting Memorial

The four-footed heroes of the war
are to be honored by a memorial
tablet in the State. War and Navy
Building. the permission for its erec-
tion there having been approved by
officials of the building.
The tablet will commemorate the
services OF horses and mules used by
the \. +. +. which were killed In
overseas service. The animal casualty
list showed that 62,S62 animals were
killed in action. Seven hundred were
lost at sea.
The Washington herald., 1920-01-25

The popular impression that the
ability to forecast future movements
Of city growth is a quick way to for
tune is an overestimate, since real
estate movements are slow. large
capital is required TO handle il. carry
ing charges are heavy. and even
, though the ofecast may be ulti-
mately correct, the rate of movement
is uncertain. depending upon vast
economic forces impossible of exac,
prediction.-Richard NJ. Hurd. in
Principles of, City Land Values
The Washington herald., 1920-01-25
csuns.ity Cs.tsr Rsesp6sa.

An informal reception viii be given
by the Wilson Normal Community
Center Association TO officers OF the
Columbia Heights Citizens Associa-
ton. Tuesday night at 1:0 O'Clock.
20 acquaint them with educational
work being done at Wilson Normal.
School betterment will be discussed
The Washington herald., 1920-01-25
FORMER MADO0 HOME
BOUGHT BY RED CROSS

seventy-five Red cross vorr.r,
have purchased the residence ~ Is1a
sixteenth street, formerly The horn.
OF William @. McAdoo. a, a ner,ns-
nent home for the chairman OF the
American Red Gross -dur,ng his
tenure of office.
The house was occupied by Mr. Nc
Adoo when he was Secretarv of tho
The Washington herald., 1920-01-25
Plans Real Estate Course.

Meyer EiSeman. of New Orleans, is
preparing a real estate course Of
education to be taught under the
tuspices Of Tulane Business Univer-
uty of that city.
The Washington herald., 1920-01-25

Public grounds OF most cities have
come TO be what they are and where
they are. by various detached and
desultory proceedings. of which the
result, as a whole. illustrates penny
wise. pound-foolish wisdom.-John
Nolen.
The Washington herald., 1920-01-25

Treasury. and prior TO that was the
home OF former Attorney General
George wickersham at the time he
held that position
The Washington herald., 1920-01-25
Selected List of
Homes and Investments
SIS, 100000
B.oomingdale Section

a two-story and cellar brick;
s rooms and bath; heated by
furnace; concrete cellar; deep
lot; paved alley.
The Washington herald., 1920-01-25
SS,750.00
Two-Family Apartment

IN WASHINGTON HEIGHTS:
5 rooms and bath on first floor:
rooms and bath on second
floor: concrete cellars: furnace
heat: excellent neighborhood.
The Washington herald., 1920-01-25
100000
Attractive Bungalow

IMMEDIATE POSSESSION by
owner occupant; unusually at
tractive; heated by hot water:
electric lights; lot 60 by 100
with stone wall along sidewalk
The Washington herald., 1920-01-25
S7,500.00
Corner Residence

s rooms on two floors: well
heated: second floor now rented
at $500 per month: located on
one of the widest streets in
Washington: immediate pos
session of all or part of build
ing.
The Washington herald., 1920-01-25
S,500.00
Holmead Manor

IMMEDIATE POSSESSION by
owner occupant: strictly up-to-
date home: rooms and bath;
hot water heat: electric lights:
colonial front porch; sleeping
porch.
The Washington herald., 1920-01-25
S6,00O.0O
Two-Family Apartment

Located in the Northwest: a
very attractive building; in an
excellent locality; rooms and
bath on each floor; act quick il
you want this.
The Washington herald., 1920-01-25
100000
Business Property

Facing two prominent avenues
in downtown; 80 rooms and S
baths; heated by hot water;
wonderful location for rooming
or boarding house.
The Washington herald., 1920-01-25
s9,5O0.00
Near New Hampshire Ave.

a downtown modern home: 8
rooms and bath: heated by hot
water; electric lights; VACANT.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

The rain fell nice Friday night ov-
err our part OF the country, but the
hail did considerable damage.
Our Sunday school Is doing fine
there was a large crowd attended
Sunday.
Miss Laura Rhea and Miss Lois
Rhea OF Fluvanna visited our Sun
day school Sunday.
Mrs. o. Boss is on the sick list
this week.
Mr. and Mrs. Dave McNeal Sunday
ed with Mr.. and Mrs. 10y Edmond
son.
Miss Cecil Solomon and Miss Ruby
Cater visited Miss Lillian Boss sun
day.
Our meeting will start at Dermott
the second Sunday in July.
Mrs. w. Martin spent Saturday
with Mrs. Dollie Solomon.
Mrs. Myrtle Martin has returned
to her home at Post after visit with
her mother Mrs. Solomon.
Mrs. Lille scrivener is here from
Big Springs.
Coy Watkins baby is very sick
this week with whooping cough
BIG HAT.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25
NOTICE BY PUBLICATION

The State OF Texas.
To the sheriff or any constable OF
Scurry County. Greeting:
You are hereby commanded to
cause to be published Tin newspa-
per of general circulatin. which has
been published continuously and reg
ularly for a period not less than one
year in your county at least once
a week for 3 consecutive weeks pre-
yious to the return day hereof, copies
of the following notice:
The State OF Texas
To all persons interested in the
estate of e. C. Taylor, deceased,
Hugh Taylor, administrator has filed
in the County Court Of Scurry Coun-
ty on the 22nd day of June, 1920,
his final report, which said applica-
ton will be heard by said Court on
the 18th day of June. 1920, at the
Court House of said County, in Sny-
der, at which time all persons inter
ested in said estate are required to
appear and answer said application.
should they desire to do so.
Herein fail not, but have you be-
fore said court on the first day OF
the next term thereof, this writ with
your return thereon showing how
you have executed the same.
Witness my hand and official seal,
at Snyder, Texas, this 22nd day OF
June, 1920.
w. NJ. CURRY.
Clerk County Court, Scurry County.
Texas.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Brother Tate was called to Lorraine
last Monday to conduct the funeral
services in honor of Mrs. |. r. Wal
lace. an old friend and a most worthy
member of the Presbyterian church.
who died very suddenly while visit
ing at that place. Brother Tate re-
ports that Mrs. Wallace was regard
ed by many who knew her manner
OF life, as Prof. Clark of Sweetwater
expressed 1t, "The most perfect ex-
ample of faithful, consistent chris
tan life I have ever known" This
good woman when girl, learned
to read from the church paper. She
was reading her favorite church pa
per when the death angel suddenly
called her spirit away. She was not
sick at all. Just moved over the
other side to live the perfect and
eternal life.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25
THE STATE OF TEXAS No. 30

To the sheriff or any constable of
Scurry County!greeting:
You are hereby commanded to cause
to be published for 10 days before re-
turn day hereof in some newspaper of
general circulation in Scurry county,
Texas, and published in said county,
copies of the following notice:
To all persons interested in the well
fare of Albert Slaton. Hill Slaton
and Sarah Slaton, minors:
frankie Slaton has filed in the
county court OF Scurry county, Texas,
an application for letters OF guardian
ship upon the estates OF the said
Albert Slaton, Hill Slaton and Sarah
Slaton, minors, and on the 29th day
of May, A. Z. 1920, by order of the
County Judge of said Scurry coun-
ty, the said frankie Slaton was ap-
pointed temporary guardian OF the
estate OF said minors, and at the next
regular term OF said court, commenc-
ing on the 18th day of July, A. d.
1920. at the court house thereof in
Snyder, Scurry county Texae at which
time. all persons interested in the
welfare OF said minors may. and are
cited to appear and contest said ap-
pointement. II they so desire. and
F such appointment is not contested
AZ said time said appointment shall
be made and become permanent.
Herein fail not, but have you be-
fore said court. on the first day OF
the next term therof this writ, with
your return thereon showing how
you have executed the some.
Given under my hand and seal OF
said court at office in Snyder, Texas.
this the 29rd day Of June, A. D.,
1920.
w. NJ. CURRY,
Clerk County Court, scurry County,
Texas.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25
Born. In Snyder. to Mr.. and Mrs.
w. p. King. Juno IL. q boy.
=. G. Stewart IS on business In
Amarillo this week.

WANTED-A middle-aged lady with
one little girl s years old, wants to
keep house or cook for private fam
lily. Call at Maxwell hotel-Mrs.
Nettie Written. 4pd
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

FOR SALE-Two new corruga
galvanized tanks, loo barrel capa
each. Have tops with manholes
covers also fitted with pipe conf
lions and valves. Priced right. S
der Utilities Co.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Up to the first of this week,
mic Cox, the fighting governor
Ohio, seemed to be in the lead
the democratic nomination at
Francisco but that doesn't mean
he will get Il.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

The scholastic fund in Texas will
be $13 pre- child next year. Now II
people are not careful there will be
lot of II wasted by extravagant
contracts.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25
Henderson Bros. wants your eggs
ard produce.

President Hansen OF the Camp
Springs OIL a. Gas Company. Is here
this week. helping to get work un-
derway. and is we'll pleased with the
prospects. Like Manager Kerns, he
is practical oil man and hustler.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25
BOX Supper and Ice Cream
To the Signal:

10 tuo o18uaxs "a
Please announce In the Signal that
there will be q box supper and ice
cream supper combined at the Plain
view school house Friday night. July
End. for the purpose OF raising funds
to buy Sunday school organ.
All candidates are invited to at
tend.
l.. M. PARKS.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Judge w. s. Adamson and family
left Wednesday for Colorado and
from there will go on an outing TO
FL Paso
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Senator Harding Is said to have
admitted that he owns three shares
OF brewery stock.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Bulk Peanut oil is cheaper and bet
ter. Just call two-eight.-Farmers
Mercantile Co.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

]. w. Jackson Of Foch was in town
Tuesday.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Keep your eye on the Katy extern
sion from Rotan to Snyder.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

D. S. Leverett merchant of Foch
was n the city Tuesday
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

We will appreciate your June and
July grocery business. Just call 2S.
Farmers Mercantile Co.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Cotton White and Peace Maker
Flour.-Farmers Mercantile Co.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Henderson Bros. has plenty OF
feed.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

Ten thousand acres Of wheat
Floyd county. ready to harvest, :
destroyed by hail last week.
The Snyder signal. (Snyder, Tex.) 1887-????, 1920-06-25

w. NJ. CURRY,
Clerk County Court, Scurry County,
Texas.