The Washington times., 1923-06-09
ARNOLD POINTS
OUT FUTURE
Of D. c.
Los Angeles Builder Here
Working to Keep Capital
Beautiful City.


:. There is a pertinent lesson for
] Washington people in the recent
i influx Of Shriners, according to
fsR. H. Arnold, president Of Arnold
9 and Company, real estate invest
: ment bankers.
3. Mr.. Arnold's views are Of spe-
: cial interest because his organiza-
z ton was largely instrumental in
the upbuilding Of the Wonder City
aiOf America" Los Angeles, and he
: has chosen Washington as his
home because he fore
n,sees similar possibilities for expan-
-ssion in the Capital City.
y Population to Double.
i :. ''we have SEEN" said Mr.. Arnold,
I; ''what the doubling Of population
X almost overnight has done for, or
Il perhaps should say to, our city.
"a Fifty thousand Of our visitors have
Y been compelled to make their homes
: in Pullman cars, another 5O,OOU IN
Clients, 100000 or more have been
crowded into rooms in private dwell
ings-and with all that our accom-
;-~modations, both public and private,
are woefully Inadequate.
I'VE have been forced to radically
revise our traffic regulations, re-
etricting parking privileges TO
streets far out OF the present BUS
mess district, to multiply our one
way streets-and still traffic is
highly congested. For a few days,
Of course, these conditions are en-
durable. But suppose this mug
mented population were permanent.
I'VE have reliable prophecy" con-
tinued Mr.. Arnold, that our popu-
Iation will actually be doubled with
in the next twenty years. Within
this ensuing score Of years, then,
we must prepare to give housing,
business and highway facilities for
this added 100000 and our present
dilemma illustrates, in some de-
gree, the magnitude Of the task be-
fore US.
Keep City Beautiful.
''we must expand our business
section, revise and extend our
transportation system and, above
all, build homes. say above ALL
because, IL we neglect the build
ing of homes, we shall indubitably
nature Of New York city, becoming
o city of cliff dwellers.' Such alti-
tudinous growth would be wholly
inconsistent with the plan to make
and keep Washington The City
Beautiful Therefore, we must
look to the home builders to make
our growth possible, while pre-
serving our status as the worlds
most magnificent Capital.
ct is obvious that growth in
population and building must be
accompanied by proportionate
growth in value Of real estate"
declared Mr.. Arnold. Modest res
1denffal sections OF today will be
hence and, as the more distant
uration point, they will become
mote spaces win be intensively de-
veloped. The lesson I learn and
one /. think we all should heed.
r. the permanent value Of Wash
ington real estate and its positive
promise of steady, rapid increase"
When questioned regarding the
plans Of Arnold & Co., Mr.. Ar.
mold proved somewhat reticent
1--WE are here" he said, because
we believe Washington is the logi.
cal place for us to utilize the ex.
perience we gained in the develop
ment Of Los Angeles. We want
to help make Washington city of
homes and Washington people a
citizenry Of home owners. We be-
lieve the financing Of builders and
building operations, the handling
OF mortgages on properties and the
bringing Of men and women of
modest means within reach of real
estate investment and ownership
the most helpful work any organ
ization can take upon itself.
"And that is what Arnold & Co.,
is here for-to further the build
ing of and investment in homes
and buildings that will be Of per.
manent value TO our city,"