The Washington times., 1926-05-22

Pss The city lis primarily a residential
seity and although having but few in
d1stries, to attract permanent resi-.
dents, its growth has been not only
steadily upward but quite phenome,
nal. 1t is pointed out that in 1890
the populations OF Washington was
a little. more than zoe 900, and that
in 1900 It was about 5000.
Recently the United States Census
Bureau announced that the city had
passed the half-InilIion mark IN its
population, which indicates that IN
35 years the city has grown two
and that in 25 years it has practical.
ly doubled its population. In the
last Is years 1t has added 50 per
cent to it's population and in the
last five years the growth has been
between Is and 90 per cent.
Washington always has been re-
puted to have q larger transient
population, but survey shows that
its permanent population Is grow
ing at the rate OF about 200 pers
sons per month.
This large growth IN population
naturally causes a great demand for
places of abode and, based upon four
persons to the family, its present
rate Of growth requires the com
pletion each month OF ESQ new
homes, whether they take the form
OF individual houses or apartments
and this We find is about 10 for
each working day.
It would naturally follow that
with this demand Tor homes and
permanent places OF residence the
trend OF value would be upward.
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population OF Washington, which
has bearing upon its values. Is
the wealth Of its population Al
though the District Of Columbia
comprises less than 10000 acres,
II is pointed out that 1t has more
gross wealth than at least nine
states Of the United States. For
the fiscal year ending June 30.
1925, the citizens -Of Washington
paid more income tax than was
paid by the population in any one
OF % States, and that the total
Federal taxes paid by the citizens
of Washington for the same year
was more than was paid by the
citizens in any one Of IS certain
States.
This fact would indicate that
many persons, who have adopted
Washington as their permanent
residence, have sufficient means to
enable them to live in other cities,
but have selected Washington be.
cause Of its beauty and attractiye-
ness as q residential city. Their
residence in the community and the
character Of their investments also
tend to stabilize the. values Of real
The realtors ana bnflaera 4,
Washingtont have sought to keep
paceswith the demand upon them iii
furnishing homes for its exer.frl-
creasing population and there have
been many higb-cIass developments
in the community.
This fact is attested by statistics
furnished by one Of the nations
well.known commercial rating houses
which shows a tabulation covering
building construction in 1856 cities
in the United States, including all
the large and important cities.
From the standpoint OF population,
Washington stands fourteenth among
the cities Of the United States and
in 1923 only seven cities spent raOrg
in building construction than was
spent in Washington, and in 1924
Washington stood ninth in the list
from the standpoint OF expenditure
for Building construction.
q IT Is pointed out that these few
observations should create q conf
dence in the value OF. Washington
real estate upon the part OF owners
and the citizenry sof the United
States should have a just pride In
the. splendid stability Of their Ma.
.tional Capital.