The Washington times. [volume] (Washington [D.C.]) 1902-1939, 1925-04-25
CLASS Of REAL
SAVERS HERE,
SAYS RHEEM
Prominent Real Estate Man
Gives Views on Develop
ment of Capital
Nv RICHARD HATTON.

are or paramount Importance III the
development of Washington and in
the sustaining OF real estate values
here Is the opinion of Edmund D.
Rheem, of Swartzell. Rheem and
Hensey, one of the oldest and most
successful firms of real estate OPP
orators in the District of Columbia.
Mr. Rheem has been prominent
factor in the growth of the city
and his views upon the present
and future development of Wash
ington are given with the authority
of expert knowledge.
Speaking of the city and its fu-
ture, today Mr.. Rheem said: cit
is easy to understand that the value
OF privately owned property in
Washington has a distinct connec-
tom with the whole scheme of the
Governments building program
which includes magnificent struc-
lures, comprehensive park sys-
tenn and the most magnificent
series of boulevards in the world.
The whole Government plan. as
now being, carried out, is so COM
prehensive that city planning pro
siects elsewhere seem dwarfed In
comparison.
OIlG IGdLuE6 OIL the AIONCI nInCll
plan of development which must
not be lost sight of. continued
Mr.. Rheem, land which will have
a distinct and satisfactory influ-
ence upon real estate values here,
"a that the imposing structures
erected by the Government are not
grouped in one district. but are
scattered with generous disregard
for distance and that between them
lie great residential areas whose
permanent real estate values are
guaranteed by their location. The
vast plans for boulevards and park
ways spreading to the District Line,
and even beyond it. to the north.
east and west. cannot fail to
strengthen property values"
Another thing that is drawing
more and more people to Washing
ton as permanent, homecoming
residents, is the upbuilding here or
a great national educational center.
Outstanding among the institutions
of learning located here, to which
many more will, eventually be add
ed, are the American University,
Georgetown University, George
Washington University and the
great Catholic University of Ameri-
ca. The city. also. is uneQualed as
a center Of schools for girls. Par
ents all over the country are now
sending their daughters here fer
courses in art. music and even
scientific subjects.
Because of the Government de-
partments here concerned with
scientific investigation, many stu
dents OF the higher sciences are
finding Washington an ideal place
in which to carry on their work.
The Congressional Library. with
it's millions Of books. phamphlets.
maps, photographs, pieces of music
and files of newspapers, affords
another limitless source of study.
Students, lawyers, writer's and re-
search workers are constantly max
ing use of the facilities provided
by the library and many of them
remain here permantly because OF
the delightful home conditions and
the availability of the important
data necessary to their study or
work"
''In order to completely under
stand Washington as a center of
educational facilities it is necessary
to consider the Smithsonian In
stitute-a vast museum founded
for the increase and diffusion of
knowledge and, also. the mass of
educational matter issued by the
Government Printing Office
a., In commenting unon the popu
'lation of Washington, Mr.. Rheem
said: In Washington is found a
, class of real savers. Although the
} industrial element is lacking in the
lines at the receiving teller's win
dows, the banks have large Glen
ell Of f-4 nit n
the thirty -dollar-a- week habit, or per-
haps. IS. More than in any other
city these Washington workers ap
preciate the benefits of systematic
saving and in the end accomplish
more than those who deposit larg
er sums at uncertain intervals.
Many of these consistent savers,
after acquiring a sufficient amount
Of capital. invest their savings ip
absolutely safe first mortgage notes
on local real estate, and thereby
furnish the means for the building
UP of the city. and the very fact
that the future of the city must
he one of expansion and increasing
population and real estate values
makes the first mortgage real es-
tate note. il purchased from a reli-
. able house. practically a guarantee
against loss"
"One very noticible future Of
1 Washington life that appeals to
those who work as we'll as TO the
great leisure class that finds this,
ciimatically and socially a desirable
home city, is the absence from the
daily rush and everlasting strain so
evident in some of the larger cities
OF the country. This calm atmos-
phere lie maintained in spite Of the
fact that nearly every large trade
organization in the country main
tains headquarters here and that,
through the Governments interest
in business, Washington has be-
come practically the executive
center Of national trade and in
dustry.
"All OF these elemsnts which
enter into the present life of the
city Are making for a bigger. bet
ter Washington. and the time is
not far distant when the Capital so
picturesquely laid out by Major
L'Enfant in the early days of the
Republic will boast population Of