The Washington herald., 1920-11-07
SITE OF CIRCUS
CUT INTO LOTS
Parcels of Famous Lot to
Be Sold to 606
Builders.

The circus grounds, where thou
sands of Washington's young and
old have enjoyed for many years
past the stunts under the big tent,
are going to be sold. II has been
divided up into SOC building lots and
will be sold at public auction by
Joseph. p. Day, the New York auc-
tioneer, at 2 o'clock Friday after
noon.
The property is to be sold to close
the estate of Col. Orren G. Staples.
It is located at the. juncture Of
f:ladensburg road. Florida avenue
Snd II street northeast.
Everyone knows of the vast for
tunes made in real estate by men
whose names have become famous
because of the extent of their
wealth, but II is only the thoughtful
man who Investigates and learns for
himself that these great fortunes
were not acquired as the result OF
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.
Praises Waiting Policy.
In speaking OF the coming auction
sale of the Staples property, Mr..
Day said yesterday: THE wave of
price readjustment which is sweep
ing 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.
"A study of the location Of this
staples estate property discloses a
remarkable and unusual situation
1t Is hard to imagine a more excep-
tional and In every way attractive
location for a real estate develop
ment-more than ten wide and at
tractive boulevards converge at this
point, trolley lines running to all
sections of the city and suburbs
pass directly in front of the prop
erty-schools for the children, stores
Tor marketing, churches, and every
necessary city convenience demand
ed by modern homes is available
the question very naturally arises
In the minds OF thoughtful people.
why is this property thrown on the
market without protection and sac
rihced in this manner?
Answer Is Simple.
The answer is simple-the neces-
stiles of the case demand 1.-THE
Staples estate must be settled-the
provisions of Col. Staples will must
be obeyed and the delay incident
TO protracted private sales cam
patgn Will not be permitted by the
parties interested in the proceeds
OF the estate, and. therefore, al
though 1t seems to some that the
auction method entails risks and
possible serious loss, no other sat
isfactory method presents itself for
quickly turning this property into
cash. To throw so large a num-
Der as 606 lots on the market at
any one time is bound to AFFORD the
buying public an opportunity to
purchase very choice lots at much
less than their fair market value,
but what is the estates loss is
the public's gain.
The sale will be held in the
commodious theater. located on the
property, thereby affording COM
| Portable and convenient accommo-
dations for all who attend the sale
The sale will commence at 2:3O
O'Clock, Friday afternoon, Novem-
ber IL. and continue afternoons and
evenings until all the lots are sold.
Every lot will be sold to the
highest bidder regardless of price.
This is the order of the executors
and trustees of the estate of Mr.. G.
Staples and the National Savings
and Trust Company.