davidaulloa/AmericanStories huggingface dataset:
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
EXEMPT SECURITY
DANGERS STRESSED
Real Estate Board Devoting Eff.
fort for Change in
Tax Laws.

Size OF the rapidly increasing eco
nomic factor represented by tax exempt
securities, work for the abolition OF
which has become one of the major
taxation measures advocated by the
National Association Of Real Estate
Boards, Is indicated in a report lust
made public by the National Indus
tries Conference Board. Value Of the
amount Of property in the United
states which has been rendered by
various means exempt from taxation
reached in 1922 the stupendous sum
or $64,00O.0oO.0 900, the report. based
state, shows. This represents slightly
less than one-f1fth Of our national
wealth. and is equal. roughly, to one
third OF all property assessed under
the general property tax, which forms
the bulwark of state and local gov
eminent finance.
The rising output Of tax-exempt &C.
'urities. Offering an escape from taxa
ION to men whose incomes come
within the higher taxation brackets.
IS inimtcal to economic progress. the
association believes. not only because
II works thus to create an untaxed
millionaire class and consequently TO
increase the tax burden of Remaining
property holdings. but also because
~ encourages constructive invest
ing capital.
The entire tax bill paid by the ma.
ton In federal, state and local Ieviee
for 1922 was $7.061. 0O0, 900. as COM
pared with $685.. 900. 900 in 1921 So
iS4.OUO:000 In 1913 and S1,382. Oo0. 900
IN 1913, the research of the confer
:nce board found.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
BY ROGER w. BABSON.
snecial D,snatcb TO The Star.

Special Dispatch to The Star.
. WELLESLEY HILLS. Mass, Novem-
Der 1.-THE recent drop in certain
textile securities has led many inves-
tors to believe that unseen factors
were at work within the Industry.
: Conditions in both the cotton goods
and worsted and wooden goods Indus
tries are irregular and unsettled. The
fundamental reason for this Is largely
the fact that prices of these goods
are relatively much higher than most
other kinds of articles. When BUSH
ness men in any line feel that the
price structure Is beginning to get
topheavy there is likely to be consid-
cradle caution exercised regarding
the purchase of raw materials. the
manufacture of these high priced ma
terials into finished goods and the
buying of goods for retail distribu-
ton. This is the case now in both
cottons goods and wooden and worsted
goods, especially mems wear lines.
Curtailment of production is in
progress.
Buyers show Resistance.
The cotton goods industry began
the fall with a fairly good supply of
orders taken during the late summer.
Production was good during Septem-
Der, especially among southern mills.
During October, however, a tendency
to increase the price of cotton goods
In line with the advancing price of
raw cotton brought about renewed re-
sistance on the part of buyers. AS a
result. many mills in both the north
and south are going on part time.
Whether or not the recent govern
ment report, wherein this years cot
ton crop is estimated about 10.250, 900
bales. as compared with an average
of 100000 during the previous thvee
years. and of 12.3o0,0o0 during the
three years previous thereto, will re-
suit in freer buying of cotton goods.
time alone will show. There is much
evidence presented to show that both
the American and the worlds sup
ply of cotton is very low, compared
TO the need for cotton goods. Buy
ers, however. argue that conditions
are no worse than a year ago, that
consumption is declining, and that 30
cent cotton fully discounts all the
bearish factors. Nevertheless sellers
of cotton insist that there can be no
question of a shortage and that de-
mand far exceeds supply and that
the only reasonable development is
1or cotton prices to advance.
Southern Mills Favored.
The present situation favors low
cost concerns. These are mostly To-
II.
that southern mills usually work
much more steadily than northern
mills.
The wool situation is not quite so
tense as cotton. There is no acute
shortage of wool. and the price ten
dency has been recently downward.
The chief difficulty at present seems
TO have arisen by reason of an at
tempt last summer to name higher
prices on mems spring wear lines.
Considers BILE sales resistance and but
few orders are reported. Another
reason is that makers of mems cloth
ing entered this season with fairly
heavy stocks carried over from a year
ago. There is consequently less rea-
addition to these facts, general busi-
ness as reflected in the Babsonchart
Is now about 10 per cent below nor
NAL.
Women's wear. especially novelty
lines. are, however, apparently meet
ing with more success than mems
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
new CAST LIME TILE
BIG AID IN BUILDING
Blocks Developed at U. S. Bureau
of Standards Can Be Sawed
and Nailed.

A cast lime building tile for use
in making partitions has been de-
veloped at the U. S. Bureau of Stand
ards by a Fellow of the National
Lime Association, which promises to
be a very useful product on certain
classes of large buildings.
The material from which these
blocks are made sets SO that 1t can
be removed from the mold at the
end of ten minutes. After twenty
minutes it can be handled, and after
seven days 1t has a compressive
strength of more than one hundred
pounds per square inch. Additional
advantages which 1t possesses are
that 1t can be sawed and nails can
be driven into It,
The material is composed of Ave
parts by volume of ground quick
lime, ten Of hydrate or slaked lime,
and one Of wood fiber. II is found
to cure best when outdoors exposed
to the weather. The new tile is
about 20 per cent heavier than gyp-
sum tile Of the same size. and ex-
periments are being conducted to see
If the core volume can be increased
without too great a sacrifice of
strength.
The quick setting lime of which
the tile is made was developed sew
eral months ago by the Bureau of
Standards. and can also be used for
other purposes. Difficulty Is found in
shipping il, however.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
From Yesterdays $50 Edition Of The Star
APARTMENT HOUSE
SOLDFOR 100000
Argonne, at 18th Street and
Columbia Road, Purchased
by Stacy M. Reed.

Sale of the newly-built Argonne
apartments. 18th street and Columbia
road. to Stacy NJ. Reed of this city
for a consideration understood to be
In the neighborhood of $4,000, 900, was
announced yesterday. This is one
of the largest real estate transactions
negotiated here in months, it was
said.
The big apartment house. which
was completed last July /, by the
Weller Construction Company was
the property of the Argonne Apart
ment House Company. of which W. s.
Phillips was president The deal was
handled by Harry r. Loveless. The
deed was placed on record yesterday,
The Argonne apartment house
ranks among the larger of the new
apartment houses of the city. The
building Is 420 feet long and 100 feet
deep and Is eight stories high. There
are 229 apartments. The building is
of fireproof construction and of the
latest design.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
Babson Analyses Great Textile
Industry and Its Securities
Statistician You'd Await Change in
Trend Before Purchasing Stocks. Says
Southern Mills Hare Advantage.

lines. Mills making such goods seem
to be operating on better schedules
than those making mems wear.
Status of Securities.
Turning to the securities represent
ing the textile industries. the listed
textile stocks are few in number.
American Wooden, Consolidated Tex
tile and the two silk issues. Mallin-
son and Kayser. come first to mind
In this connection. BY far the ma
jority of the New England mill issues
enjoy only local or over the-counter
market. The trend seems to have
been the same for all kinds. however.
ed its downward course last March
these have offered little resistance to
the trend and are today holding only
about midway between the lows of
1921 and the highs of 1922. In one
or two specific instances. notably
American Wooden, 1921 lows have
been practically realized.
The shrinking margin of profit and
gradual decline in capacity opera
lions of which the Amoskeag closing
is the most striking case. may be
held accountable for the decline in
stock prices. Many other lines of
business have been subject to the
same influences.
Outlook Still Unsettled.
AS for the future. there Is no assur-
ance Of any broad advancing ten
dency while general business and
stocks arc rounding out the balance
of the decline begun last spring. To
be sure, this may not mean mate
rally lower levels in the stock mar
ket, but until the decline has spent
It's force and a broad advance is in
prospect, there is no argument for
purchase of any specific groups. The
chances involved in trying to work
against the trend are too great. Tex
tiles will probably be a profitable
purchase when cotton and other COM
modities stabilize at levels which
give some assurance of, being main
tanned and when the fear of in
creased competition from abroad has
been either fully realized or dissi-
pated. But that time is not the pres
ent
When the time does come to buy
there should be included In ones
broad list a fair sprinkling of those
properties which have diversified
their business through locating in
both the north and south. Further.
the wooden. silk and cotton groups
should all be included in order to
have a truly representative list.
(Mr Babson, the noted statistician and
economist. will continue his special articles
on business and financial conditions In next
Saturdays Starr
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
Building Increase Reported
Through Nation IN October

October building statistics, as re-
ported to Dun's Review. show a much
larger total than those for September.
With permits involving an estimated
expenditure of s226.519,279. last
months figures show gain Of 26.7
per cent over those for September.
and are 36.5 per cent in excess of the
amount reported for October. 1922.
Each month this year, without ex-
ception, has disclosed an increase in
permits as compared with those of
last year. and the aggregate for ten
months is materially larger than that
for the same period of 1922.
The October statistics show a larg-
err value of permits than a year ago
in all sections of the country except
the south, where a moderate decrease
occurred. Most of the cities in New
England report gains. including Bos-
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
LARGE APARTMENT
IN PERMITS LISTS
Frederic J. Haskin to Build
Eight-Story Structure
Costing $780, 1000.

Construction Of an eight-story
APARTMENT at an estimated cost Of
$500, 900 at 21st and C streets north
west by Frederic J. Haskin Is au-
thorized in the list Of building per-
mits issued by the District Commits
sioners during the week. The total
value Of the permits issued aggre-
gated 100000. The list follows:
T. J. Stanton. to erect garage. 3003
o street northwest; $1,000.
George Puglisi, to repair 10 h
street northwest: $4,000.
John p Heap. to build. 552l Caro-
lima place southeast; se'5go. ,ud $40.
O.. w. Hammond. to bulid: 24ZA
Newton street northeast; $4,000.
T.. A. Wilson, to repair S19 18th
A. F. Rideii, to build. 1890 Kearney
street northeast: $4,000.
G. +. Ernest. to build, 1928 NJ street
northeast: $4,000.
w. G.. Irwin. to erect garage, 5aIt
both street; $1,000.
Washington Sanitary Housing Cor
poration. to erect garage, 15l7-l525
NJ street southwest: $500.
Federal American National Bank
to repair 1915 F street patsrsoS Sl'o to build
1929 Edwards street: $4,000.
]. Stein, to build. 5499 Potomac
avenue; $4,000.
Vincent w. Kramer, to build. 9O2-
904-906 I street northeast: $l5.ooo.
G. A. Robinson, to repair 1009-1015
U street northwest; $4,000.
L. Dinowitz, to build, 7S6 18th
street: $500.
H. NJ. Bralove, to build, 2715 Wis
consin avenue; $1,000.
Wardman Construction Company,
to build, 622-626 Otis place northwest
$4,000.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17

Fine residence of ten rooms and
reception hall. The rooms are large
and we'll arranged for entertaining.
There are four master bedrooms
and three baths; two servants
rooms with bath. In excellent con-
dition throughout. Immediate pos
session.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17

ton, Lawrence, Lowell New Bedford
and New Haven, and there are vari-
Gus increases in the middle Atlantic
group. Among cities in that section
showing gains are Albany. Allentown.
Buffalo. Erie, Harrisburg. Philadel-
phia. Troy and Wilkes-Barre. A par
ticularly large expansion is reported
by the central western section, with
increases at a majority of cities and
notably at Chicago. Cincinnati, Cleve-
land, Detroit and Milwaukee. In the
west. gain of about 81 .000, 900 in the
combined total. is noted, Denver and
Omaha making the best exhibits, and
the record for the Pacific coast sec
ton is again favorable, though this
is due to the fact that October per-
mits at Los Angeles involved a total
of nearly twice as large as that of
the same month of 1922.
The cities for this section compare
as follows.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
REAL ESTATE BOARD
LAYS OUT ADVERTISING

real estate board advertising
program in two phases that promises
to be suggestive In the institutional
advertising now becoming notable
development throughout the National
Association of Real Estate Boards
has been planned by the Minneapolis
Real Estate Board for use during
the coming fall months.
The double program is devised to
be used as complementary series in
the two leading local newspapers.
One series will deal with the city's
assets. 1t will enumerate services
which the purchaser Of read estate
within the city receives as part of
that purchase through city-owned
property. such as streets, parks.
waterworks and schools. The other
series stresses realtor service. 1t
will acquaint the public with the re-
sponsibility of the realtor and the
equipment which he has for aiding
and advising his clients.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
FIREPLACE ONE MARK
OF BEAUTY AND TASTE
Home Feature Considered, Not
Alone From Sentimental View
point, But for Practical Reason.

Quite apart from the purely senti-
mental reasons for an open fireplace
in the house is the more practical one
of beauty and taste. There probably
is no such thing as an ugly fireplace.
but one Is free to admit that some
are of greater beauty and more
to assert that the personality of the
owner has great deal to do with
conditions and impressions.
An architect can design and build
a home; he may place open fireplaces
in 1t where they should be placed to
usage, and still the fireplace may not
be success from the visitors view
point.
The owners personality will inter
vene and the work Will be successful
or failure as his personality which
he lends 1t. all unconsciously, makes
il one or the other.
Like every other appendage TO the
house one dwells in, the fireplace
should be fitting. There are almost
are houses in which they are found.
For instance. one should not find
one OF those ancient, wide, cavernous
fireplaces that formerly were found
in the kitchen of the farmhouse trans
ferred to a modern dining or living
room. The incongruity would be so
strongly thrown into relief that one
would lose all affection he ever had
for this feature of the house
There Is happy medium in fire.
places as there is In cookery and
other things.
In the first place. the fireplace
should be in a room where 1t Is ap-
propriate, and 1t never should be for.
gotten that the modern householder
demands great deal more heat than
his forefathers received. The log fire
and the open fireplace are Iuxuries,
just as are flowers and pictures.
When we want the place really heat
ed in cold weather we shall have to
fall back upon the modern types of
heating apparatus and the suggestion
of heating engineers.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
ROMANCE OF REALTY VALUES.

The romance of rise Of real estate
values. the story of which is of peren-
NAL interest to investors and to the
public generally as well as of profess
sional interest to members of the
National Association of Real Estate
Boards, was the subject OF general
hoard discussion at a recent meeting
of the Birmingham. Ala, board. Com
PARSONS were brought out of local
property values at the beginning and
end of the period 1S98-1923 as an in
dication Of what the coming twenty
five year period may produce.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
CURTIS JOINS REALTORS.

Arthur z. Curtis. secretary of the
mortgage and finance division of the
National Association Of Real Estate
Boards, has Joined the headquarters
staff of the association. Mr.. Curtis
will make a survey of the safety
of real estate investments and will
develop the work OF the division In
advancing the desirabilty of real
estate investment both as to safety
and as to income.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
UNDER MODEL CONSTITUTION

The Illinois Realtors Association
at it's recent annual convention adopt
ed in entirety the model constitution
for state associations suggested by
the National Association OF Real
Estate Boards in conjunction with the
committee of state association presi-
dents.
Board has reorganized and adopted
a new constitution and bylaws pre-
naratory to new activity.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17

Southern. .,2s.o1s.7so ,as1s4ssS
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17

1887 New Hampshire Ave. NV.
Between L and M Streets, NV.
$S,500.00
$3.50 Cash
$500 per Month, including all
interest ~.
Semi-detached house, with six
large, bright rooms; also basement
room and attic. Hot-water heat,
electric lights, servants toilet in
basement. House is unusual in size
of rooms and comfort. Double ga
rage. Lot PATS feet wide. Immedi-
ate possession by owner.
Evening star. [volume] (Washington, D.C.) 1854-1972, 1923-11-17
2O3l Thirty-fourth St. NV.
Near r Street
$7,5o0.oO
$4,000 Cash
$1,000 per Month, including all
interest

NEW HOUSE of SIX rooms, thor
oughly modern in all particulars.
Well arranged, with large living
room opening into dining room.
Three bedrooms, all bright. Double
porches in rear. Large yard to
alley, with room for garage. Hot
water heat, electric lights. Large
cellar; light, with laundry tubs. I'm
occupied.
The Cordova daily times., 1923-01-22
INDIANS NAME PARK
 FOR GENERAL F0CH

BILLINGS, Mont, Jan. 22. - The spot at the Crow Indian agency where the great French soldier, Gen. eral Ferdinand Foch, was initiated into the Crow Indian tribe, November 2S, 1921, has been named Foch Park by the Crow Indians in general coun- cil.
 At the same session letter was written to General Foeh asking that Ah-Ba-Ko-Ta Ba-Tsa-Chish, or "chief of all warriors" as the Indians call him, send them some fitting memorial to place in the park in his honor.
 The French general was made an honorary chieftain of the Crows at elaborate initiation ceremonies in 1921, which thousands attended
 The Indians prefer a captured Ger man cannon as a memorial, it was said.
 The letter to Foch was signed by Plenty Coos, chief of the Crow tribe. It calls attention to the fact that the
The Cordova daily times., 1923-01-22
MONEY FOR GASOLINE
 BURNS UP WITH AUTO

WHEELING, w. Va, Jan. 22. - Trouble always comes in bunches- w. c. Griffith of Moundsville, near here, can testify. Griffith brought his automobile up in front of a garage on. Ninth Street here to get ;a supply of gasoline. He forgot to shut off the engine, and the vapor from the gasoline twas isntted by it. The seat cushions and interior of the car weres badly, damaged by the resultant blaze. Then g two-dollar bill Mir. Griffith had laid upon the hood tof the machine to pay the gasoline bill caught fire and was burned up., at4EJ ,.rs.;tu ..ag! :;
The Cordova daily times., 1923-01-22

only 'all4ndian American Legion post in America is located at the Crow agency, ,-'
The Cordova daily times., 1923-01-22
Jap Wada Declared to Be 7 Agent of Tokio Govern
 ment Making Maps of
 Harbors and Mines.

strongly resembled Jujira Wada. He laughed and asked If it could be nos. s1ble I had forgotten my old friend of the trail.
 He gave me the first news from the outside. that Woodrow Wilson governor Of New Jersey, had become President otthe unitsds States. Il was the first'white man 1n the Mount Mckinley region to ,kiox its After impartins this news Wada was. Silent on other outside affairs. He wassreti. cent, as sll brownies are trained to be. A fine listener, but hesitant and careful talker ~-..., ..a,''at " s,z - Eve, ...
 n"strangest of all, he had six other Japanese with him. and he informed me he was going into the Kusko kwim i'm country. It was surprise to me, and I wondered what he was up to, with those companions. From his papers of two years before I knew he was no ordinary prospector. He left and I bade him and his party good-by.
 T immediately wrote warning to President Wilson and later had an acknowledgement of the facts I had communicated from Secretary Yum ulty, with thanks for the information I wrote the former president again yesterday, wishing him Happy New Year, and recalling that letter.
 q called on Mrs Wilson at Wash ington recently and we talked inter. estingly of many things affecting Alaska in which she is deeply inter ested, but the ex-president was too ill to see me.
 Well, Wada went out over the Iditarod trail and I went back home in another direction to my mining properties after a dinner on cold storage turkey Later I made inquir, ies and learned Wada and his expedi, tion had set out to make the North, west passage by land, to circle the shore of Northwest Canada with his little expedition in an effort to reach Labrador and Hudson Bay on the east
 "I never heard that he or his expe- dition ever got out alive, but I will l,i thie, tri ih11tn hn 0f the gamest men of any nation that l ever encountered. He knew what he was going up against, but he did it for his government. His patriotism was his religion.
 "That is the kind of resourceful and determined people that we must count upon as respects the future of Alas ka. There are a good many Japanese in Alaska now, many working along the Government railway, More are coming in and they would like to get footho1d there. There is no doubt of that.
 'T repeat that we must make the ports of entry of Alaska impregnable The country would tbe a paradise for the Japanese if they could get a good foothold there, and they know it. They are not asleep. The Japanese gov ernmentment never sleeps. I some times think our own government does"
The Cordova daily times., 1923-01-22

Notice is hereby given that V. C.. Vance, Administrator of the estate of Joseph White, deceased, has ren- dered and presented for settlement and filed in said court the final ac- count of his administration of said estate; and that Monday, the l2tn day of March, 1923, at the hour Of Z o'clock in the afternoon of said day, at the court room of said court m the Town of Cordova, Territory Of Alaska, has been duly appointed by said court as the time and place for the settlement of said final account at which time and place any person interested in said estate may appear and file exceptions in writing to salo account and contest the same.
 Dated at Cordova, Alaska, this 6th day of January, 1923.
 V. G. VANCE,
 Administrator of the Estate
 of Joseph White, Deceased. First publication, January 6, 1923. Last publication, February 5, 1923.
The Cordova daily times., 1923-01-22

DESIRE TO COMMUNICATE WITH young man to share cozy cottage and board. See MT. Moore at Times Office.
 FOR SALE-BRUNSWIC CABINET photograph with 100 records. Call 1894 rings. 9-tf.
The Cordova daily times., 1923-01-22

FOR RENT-THREE ROOM FURN-
 ished apartment over the Post Of flee Inquire of Mrs Urquhart. 3-tt.
The Cordova daily times., 1923-01-22
LEGAL ADVERTISEMENTS

IN THE COMMISSIONERS COURT FOR THE TERRITORY OF ALAS KA. THIRD DIVISION, CORDOVA PECINCT, BEFORE HONORABLE A. J. ADAMS, UNITED STATES COMMISSIONER AND EX-OFFl- CIO PROBATE JUDGE. In the Matter of the Estate of Joseph White, Deceased
 NO. 15O
 NOTICE OF SETTLEMENT OF
 FINAL ACCOUNT