The Washington times., 1925-04-07
INVESTORS FIND.
MORT CAGES
ARE GOOD
Washington Experts Explain
Value as Safe Depository
for Surplus Money
By RICHARD HATTON::

For those who have accumulated
a surplus over their daily financial
requirements there Is no more irn.
portant question than that oL
investment. 1t is from the properly
invested surplus that there comes
the interest and the increase when
makes the difference between
security and uncertainty, between
luxury and ''just getting BY, De-
tween a safe and assured old age
on. one frought with doubt and un-
certainty as to financial conditions.
In q survey of the local invest
ment field there seems to be one
outstanding security wherein lies
ali that can be desired in safety,
IN return and in availability This
Is the first mortgage upon Distrlct
of Columbia real estate.
There are many firms and In
dividlIals in washington dealing in
mortgages. The views OF experts
upon such investments are worth
while consideration by those who
have a surplus which they desire
to put to work.
Explained BY Experts.
In speaking of the first mortgage
upon washington real estate, today,
Percy S. Foster, head Of the invest
ment department of Shannon and
Luchs. explained this form Of i'm
yestment as follows: "a first mort
gage upon real estate is a lien on
record to cover a given sum adj
yanced to the owner Of the
property, which lien precedes every
other form OF obligation or debt
that may be charged against said
property.
.sSuch a mortgage must be paid,
both principal and interest, before
any other debts, including mechanics
liens. Junior and debenture bonds,
unsecured debts, preferred and COM
siAII such mortgages, or deeds
Of trust, placed by u.s." added Mr..
Foster, ARE placed upon Improved
property which lla1lst appraise out
to be at Least double the amount
Of the entire first, mortgage loan" "
Charles d. Sagdr said: There is
no better investment today than the
first mortgage upon District OF
Columbia real estate. am
enthusiastic upon this form Of in
vestment when preperly, placed and
properly secured. When such an
~
reliable and well established house
there is absolutely no chance OF
loss to the investor!
Held Perfect y Sale.
"The first mortgage upon Dis
trict Of Columbia real estate is re-
garded by us as absolutely safe
and desirable for the careful In
vestor," declared Martin r. West,
manager of the mortgage and In
vestment department t Of, Weaver
Brothers, when asked regarding
this. form OF Investment. When
properly secured and when OBJ
tanned from reputable house this
form OF investment qs as desirable
and rs safe as ything that can
be obtained"
First mortgages. said E.. l..
Feugel, manager OF the +. II.
Smith Company, I'm general. yield
q better rate Of interest and give
more complete Satisfaction to the
investor than any other form Of
Investment Our firm deals only
in first mortgage bonds on housing
and commercial buildings In
che curtailment of the first mort
gage annually and the interest to
be collected in monthly payments
out OF the earnings OF the ---aperty.
st consider first. mortgages upon
District Of Columbia nroperty as
safe and as profitable an invest
ment as can be made" declared
Neill Hughes, general manager Of
Goldsmith and Company. I'm our
own case, in addition to the usual
legal and moral requirements, we
20 one step farther in protecting
the investor by providing an un.
conditional guarantee by one Of the
largest bonding companies in the
United States to the effect that the
principle will be paid at maturity
and that the interest will be paid
on the date due. The element Of
risk in such an investment ia
absolutely nil"
The experts in investment quoted
above have had exceptional oppor-
tunity to Judge of the conditions
which effect and influence Wash
ington real estate from the stand
point of those who seek invest
ment along the line Of first mort
cages.
They have considered the fact
that Washington is, today, prac-
ticalIy the political. as well as the
n