The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1920-11-08
STAPLES ESTATE TO
Be S0LDAT AUCTION
Sale of COG Lots Situated at n
and Fifteenth SITS. N. E. Opens
Friday. November IL.

At 2 o'clock Friday afternoon, No
vember 18th, will commence the dis
solution of the real estate holdings
Of the estate of Col. Orren G. Staples,
Joseph r. Day, the well-known
New York auctioneer. will sell at
absolute and unconditional auction
sale SOC lots and one moving picture
theater. situated at the junction Of
Florida and Maryland avenues, II. I.
X. Thirteenth, Fourteenth and Fiji
teenth streets northeast and Bladens-
burg and Benning roads. This tract
Of land is commonly known as the
circus grounds" and because of it's
location has afforded exceptional at
fractions for amusements of all kinds.
The sale is unique in many Yea
lures. 1t affords the investor. operator
and Spectator wonderful opportunity
of acquiring most advantageously-
located residential and business plots
in a section which Is unsurpassed in
this city.
The property has the same relative
position in the northeast section of
the city as the u. S. Treasury occupies
in the northwest section.
Everyone knows of the vast for
tunes made in real estate by men
whose names have become famous be-
cause of the extent of their wealth,
but it is only the thoughtful man
who investigates and learns for him
self that these great fortunes were
not acquired as the result Of a hit
or miss policy, but rather as the
result OF cautious and careful pur-
chases in communities already show
ing the 'unmistakable signs of rapid
development and healthy expansion.
Tn n tho inD N
sale OF the Staples property, Mr.. Day
said yesterday: '"The wave Of price
read justment which is sweeping over
the country will have most beneficial
results. Prices of all commodities
with the exception of vacant land
have risen from 100 to 200 per cent
over normal prices.
Building prices are now on the
downward trend Brick, which was
quoted a few months ago at $50 a
thousand, Is now quoted at SIS a thou
sand. Wholesale lumber prices have
declined from\25 to SO per cent down
ward. Fluctuations in other mate.
rails are also noted.
"a study OF the location Of this
Staples estate property discloses a
remarkable and unusual situation--it
Is hard to imagine more excep-
tional and in every way attractive
location for real estate develop
ment-more than ten wide and at,
tractive boulevards converge at this
point, trolley lines running to all Sec
tions OF the city and suburbs pass
directly In front of the property
schools for. the children, stores for
marketing, churches. and every
necessary city convenience dema nded
by modern homes is svailsble-the
question very naturally arises in the
minds OF thoughtful people. why il
this property thrown on the market
without protection and sacrificed In
this manner?
The answer 10 simple--the neoessi-
ties OF the CASE demand 1.-THE sta
pies estate must be settbd-the pro-
visions of Colonel Staples will must
be obeyed and the delay Incident to a
protractcd private sales campaign
will not be permitted by the parties
interested In the proceeds Of the cs-
tate, and. therefore. although II seems
TO some that the a6ction method en-
tails risks and possible ser Gus loss.
no other satisfactory method presents
Itself for quickly turning this prop.
erty into cash. To throw so large a
number - zoe lots on the market Al