davidaulloa/AmericanStories huggingface dataset:
Evening star., 1931-12-11

NEW HOME OF RARE
BEAUTY-ONLY Sii,950l
Splendid location in Chevy
Chase, D. c., surrounded by
higheT-priced homes; UNIQUE
TAlL-not lust a house but
real homel rooms, baths, ga
rage-such refnements as ELEC-
TRIO DISHWASHER, @ E. RE
FRTGERATOR, ETC. Convenient
terms!
TO INSPECT, PHONE
NIT 11kA NJ
Evening star., 1931-12-11
PRAGUE HOTELS ADOPT
"M0URNING" IN PROTEST
New License Requirements Cause
Crepe to Be Hung on Walls
of Restaurants.

PRAGUE (N.AN.A)-A novel way
Of making public lament has been
adopted by Prague hotels. They have
gone into mourning" as a protest
against the number of new licenses
granted to rival establishments by the
licensing authorities. Black crepe has
been hung upon the walls in both hotels
and restaurants in order, it Is said. to
attract public attention to their posi-
ton.
So far the public, after being mildly
amused, seems to talk of other things
and to laugh with its accustomed free
dom. No funeral tears are being shed
and the due solemnity that one would
expect from diners In a crepe-bedecked
restaurant is conspicuous by It's ab-
Sence.
Copyright, 1881, by the North American
Newspaper Alliance, Inc.)
Evening star., 1931-12-11
MILITARY COMPOSITIONS
OF WAGNER DISCOVERED
Six Musical Works Uncovered al
Bayreuth With Aid of
Bayarian Ministry.

MUNICH, Germany (NAN.A)-The
Bayreuth municipal authorities, with
the help OF the archives director of the
Bavarian ministry Of war, have been
carrying out some extensive researches
and these have just brought TO light six
musical compositions by Richard
Wagner.
These works, whose existence was
wholly unsupported, are military music
composed by Wagner during the last
few years of his life for the 9Th Bava-
rian Light Calvary Regiment at Bay
reuth. The scores are written in pen
Gil. The Munich family that possessed
the compositions were completely un-
aware of their nature and value
(Copyrisht, 1881. by the North American
Newspaper Alliance, Inc)
Evening star., 1931-12-11
AUCTION SALEs-FUTURE DAYS.
THOMAS J, OWEN g. SON, Auctioneers,
1881 Eye St NV,
STORY STUCCO AND FRAME DWFf l.
ING SITUATE NO. 22s v STREET

TRUSTEES SALE OF DESIRABLE Two
STORY sTuCCO AND FRAME DWELL
ING, SITUATE NO. 22s STREET
By virtue OF deed Of trust recorded in
Lieer No; e55l at folio .524, of the land rec
sell In front Of the premises, on FRIDAY,
TIE EIGHTEENTH DAY OF DECEMBER,
AD. 1881, AT TWO-THIRTY O'CLOCK p M,
part OF lot numbered twenty-three (23) in
bIock numbered eighteen (18), of Howard
pniversity's subdivision known as "Efang-
nam Place" as per plat recorded In the
ONCE of the surveyor for the District of
Columbia In Liber District / at folios 1914
and IL described as follows: Beginning for
the same is feet west of the southeast cor
ner Of said lot and running thence west
along the north line Of w street. IS feet
inches; thence north $50 feet to the south
line Of public alley; thence east along
said alley, Is feet inches, and thence
south $50 feet, to the place of beginning
Said block numbered eighteen (1s), now
known for purposes Of assessment and taxa
ton as square numbered thirty hundred and
seventy (3oTo).
Terms of sale: One-fourth cash, balance
in one, two and three years, with interest
at per cent per anhum, payable semi
annually. Deposit Of $500 required at time
cf sale and the purchaser allowed fifteen
days from date OF sale to complete the pur-
chase. Further particulars at time of sale.
VERNON G.. OWEN, Trustee.
w. @. SCHAFHIRT, Trustee.
Evening star., 1931-12-11
HoUSES--UNFURSIsHED.

IN .ARIsToCRATIC OLD GFORGFToWN-
Modern stx-room home I'm unsurpassed loca-
Nlon for very reasonable rental Call Mr.
EVANS, Metropolitan I143, for further IN
Evening star., 1931-12-11
TO INSPECT. PHONE
MET il44 10 9 PM

SEMI-DFTACHED BRICK
Located in one of the prettieSt sections Of
Washington, completely surrounded by all
new homes is this very attractive center hail
colonial type brick home containing rooms
"a bed rooms), high tile bath, bullt-in tub
and shower beautiful loT-burninR fireplace,
hardwood floors. pantry, double rear porches,
screens. large lot and brick garage 20 match
house This is q reduction Of several thou
sand dollars ana represents the biggest bar
gain in years.
Call Immediately for details. Clev. s137-w
Evening star., 1931-12-11
PROPOSALS.

PROPOSALS WILL BE RECEIVED BY THE
Bureau Of Supplies and Accounts, Navy De-
partment Washngton g. until fnyn,sbP6k 10 9S5GPGk
hammers, ammeter, yoltmeter, crucibles, ven
tiiating sets, incandescent lamp sockets. to
the Navy Yard, Washington, q .. Apply
for proposals to the Bureau of SuPples ana
Accounts j. j. CHEATHAM, Paymaster
General Of the Navy. Qe4,ll
Evening star., 1931-12-11

| cellar h-wh., cleo, alley Only 81 750
| FRANK NJ. DOYLE, resltor, District 1886 or
Lincoln sra.
Evening star., 1931-12-11
10Th 81 HEIGHTS

DO YOU NEED A FIRST FLOOR BED
ROOM AND BATH?
Cozy home on very large lot with number
OF tall pines and cedars, numerous shrubs
and flowers Rec hall, living room, dining
room, kitchen library or bed room with
bath ard covered porch rooms bath and
large sun or sleeping porch on End floor.
Hot-water heat, electricity and gas, 2-car
garage. win consider small row house in
exchange in good NV. section. Price $4,000,
Fun information from owner. Georgia zoos
Evening star., 1931-12-11
Rnsiness and InHe stmcnt.


Two fine stores and three apart
mentS One store leased and all
the apartments rented. On big
lot, fronting on wide avenue in
good northwest section Bringing
in So, 400 NOW. and priced AT less
than ten times the rent. A rare
chance to locate your business
and get free rent.
SHANNON & LJCHS, INC,
1885 K St. NV. Nat. 2345.
Evening star., 1931-12-11
SALE---LOTS.

OWNER MUST SELL TWO LOTS IN
Chevy Chase at once. For real sacrifice
see Mr.. ROBERTSON, 407 Chandler Bldg
VERY DESIRABLE NV. BUILDING SITES.
streets paved Some as low as 25c foot.
PERCY H. RUSSELL CO. 1871 K 81 NV.
Evening star., 1931-12-11

LET OUR OFFICES BE YOUR CLEARING
house for trades; IS years experience; large
select list in and out of D. c. Apis, busi
ness, investment. colored, stores, and
iam1ly fats, farms, acreage, etc.
N. f. RYON co, 1915 n. Y Ave. 24i8 l4th.
Evening star., 1931-12-11
THOS. J. OWEN & SON, AUCTlONEERs
1881 Eye Street NV

TRUSTEES SALE OF VALUAgIF M
PRoXEp ETS3TT 2,v.FI FEAL Al v,r EsTATE, BEING
co REs1pENcE REs1EefD iGWoGNJ9A9HK GoNTAfNHIKHc5; 5TUGs Is
ROOMS AND s BATHS WTfH VIII Twooo
CAR BU1LT-IN GARAGE. KNOwN as
PREMISES 5QQ1 SIXTEENTH STREET,
SEInG LHE NORTHEAST CORNER OF
NORTHWEST
BY virtue Of a certain deed of trust, duly
oi tne land records Of the District OF Co
cured thereby, the undersigned trustees viii
seii f at public auction, IN front Of the prem
1Se$; 1S On On, THURSDAY, The SEVENTEENTH
O'CLOCK PM, the following described land
Washington, District Of Columbia, and
oeSlgnated as ami being lot and part lot
II square 27l3, in Cameron and Brooks
ca In the ONCE of the surveyor for the Dis
tflct OF Columbia in Liber County 81 at
fo!lo -; said part of lot described as fol-
lows: Beginning at the southeast corner Of
Inc aey e eR VIDE tfss thends sGRs west tss
right anFles to said alley to a point in the
east east line line Of 18th street: thence south IS
the north line OF said lot S, 1914 SO feet to
the place OF beginning. Subject to the cove
Terms Of sale All cash. A deposit OF
sli;5o0 90 will be required at time Of sale.
All conveyaneing, recording, etc. at cost OF
purchaser. Terms Of sale to be complied
VII With within r. thirty days rom day Of sale,
resell the property at the risk and cost Of
defaulting purchaser, after five DAYS ad-
vertisement of such resale in SONS news
paper published in Washington. D, C.
zAfRAf4 4. BRFrroa II 5R9WEs. hASsER
de2d&ds,exSu Trustees
Evening star., 1931-12-11
WANTED TO RENT-HOUsEs.

RESPONSIBLE PARTY DESIRES 4-BED-
room home, finished attic, single or twin, in
Northwest or suburban section; $50 per
month. State particulars and address, Ad-
dress Box 33l-A, Star ONCE.
Evening star., 1931-12-11
Trustees Sale of Detached Two
Story and Attic Stucco Resi-
dence, With Detached Two
Car Garage, 1907 Harrison
Street Northwest.

By virtue Of a deed Of trust recorded in
Ldber sa40, folio li5, OF the land records Of
the District Of Columbia, and at the request
signed surviving trustee will offer for sale
at public auction. in front Of the premises,
on MONDAY, THE TWENTY-FIRsT DAY
DP DECEMBER, AID, 1881, AT FOUR
O'CLOCK PM, the following described land
and premises, with the improvements there
on: Lot numbered three 80 in square num-
bered eighteen hundred and seventy-six
l876) in the subdivision made by the Chevy
Chase Land Company OF MONTGOMERY County,
Maryland, and others OF part OF Mount
Airy" called Chevy Chase Heights" as per
plat recorded in the Office OF the surveyor
for The District Of Columbia in. Liber s6, at
folio 40, subject to covenants OF record,
Terms One-third cash, the remainder in
equal installments payable in one and two
years. with interest at six per centum per
annum, payable semi annually, secured by
deed Of trust on property sold, or all cash,
at the option of the purchaser A deposit
of one thousand dollars (sl,00O) required at
sale; Terms to be complied with within
thirty days from the date OF sale or the
deposit to be forfeited, the trustee reseryina
the right to resell the property, at the risk
and cost OF the defauting purchaser, after
five days advertising thereof in some news
paper published in the District OF Columbia
recording and notarisi fees az
the cost Of the purchaser.
FRANK p. HARTMAN
de9. 9.l1i4,161s,ls,21 Surviving Trustee
Evening star., 1931-12-11

l0i4 Vermont Ave. o. niNtC-so,o m
EXCELLENT LOCATION
32i2 GA. AVE. Nw.-s25
Large store. located in new spd 49,
location. anu thriving
van. CAFRITZ,
-----N--1 ~ .lI ~ Dist eOsn
Evening star., 1931-12-11
rrpTrSrrre, SATr


Valuable downtown business site fronting
over % feet on Mass. ave near 5th and
all zoued commercial. An offer Of only
1880 VIII be recommended by trustees,
This is your chance to get a fine location
fronting on two wide and busy streets. Ad-
dress Box 3l5-A, Star Office
Evening star., 1931-12-11

WE WILL EXCHANGE BUSINESS PROPER
ty on I4th ST. NV. for small piece of prop
erty. all clear Call North 676l.
FOUR HOUSES. CLEVELAND, OHIO, VALUE
$4,000; l8 acres, Toledo. Ohio. value
s25, 600. All free and clear. Exchange for
apartment house, subject to one mortgage
FARh4ELEE- ROSE, 45 West 45th St. New
York.
RECENT PURCHASER OF A BEAUTIFUL
NEW DETACHED HOME containing three
large bed rooms and two baths, located in
the best part of Chevy Chase, Md, between
the two country clubs, has authorized us
to arrange an exchange for smaller house
in a desirable location II you have
house either clear of encumbrance or sub
ject to one trust, this is a real opportu-
nifty TO obtain a lovely new home on a very
attractive basis.
SHANNON & LUCHS, INC,
1435 K st. National 2345.
Evening star., 1931-12-11
pr1rrnERs, ATTENTION

Five wooded lots zone corner lot).
on grade, hiRh-ciass restricted North
west; water. gas, sewer, improved
streets; clear OF encumbrance; for
sale or trade BOSS & PHELPS,
NATIONAL $500.
Evening star., 1931-12-11
OFFICES AND STUDIOS.

MODERN BUILDING,
500 F. nw.--Conveniently located, rooms
with heat, light $40 each; elevator service.
Nat. o7l4. 805 H St. NV
Evening star., 1931-12-11
S6.Q5O.
~ e. ~
DETACHED HONII.

Let US show you a detached home in
q sGetion Of friendly old trees on a lot
b0Xl73. There are three he'd rooms
living room with open fireplace. large
dining room and kitchen The bath is
lied and has built-in tub with
hot-water heat. Pittsburg InSsanta-
neous heater. screens and a one-car
Evening star., 1931-12-11
SALE-BUSINESS PROPERTY.

EXPERIENCED FARMER WITH LOVE OF
country wants home on a fully equipped
farm to be operated on shares, Comfortably
furnished house essential. Lincoln 1880
Evening star., 1931-12-11
SALE OR RENT-BUSINESS PROP.
SALE Or EXCHANGE.

2nd COMMERCIAL; GEORGIA AVE NEAR
You st. NV. Entrance from two streets. EX-
cellent for commercial purposes. Ma 1862.
Evening star., 1931-12-11
SALE-INyEsTMENT PROPERTY.

MODERN COLONIAL BRICK; 6 ROOMS
with 2-car detached brick garage, GOOD
northwest section. facing park. Rented at
$500 per year. Price, $1,000 terms OWNER,
Evening star., 1931-12-11
sALE-HoUsEs.
JUST IMAGINE!
ONLY $6,450. $3.50 CASH.
TAT nY-I-xx -y-TT

AooeTI Drlcs nome OF rooms, Nv h,
hardwood floors electricity, garage; in splen-
olo CONDITION; one block from street cars
ana Dus service, close to stores and schools.
PaYed street and alley. Very moderate pay
nents. For INSPECTION call Adams 2739-M,
WE HAVE THE FOLLOWING HOMES FOR
SAllE, Sai F-,,e, EACA :IasCA AN OUTSTANDING VALUE
ROCK Greek Park-f0-room stone residence,
Csfs8 ~, =, o6sssigned and constructed, 10
I'd yea On 1000 square feet of ground.
uehepJful brick residence of 8 rooms.
eosty @ mooern convenience and IN perfect
Cohaitaohi north OF Webster st. on 18th
8-Toom, 2-bath residence on large land
SSapea 10Y IN nearby Virginia; Just COM
plektu aho most attractive The environ
@nenI @ lS excellent; $1,000 square feet Of tree
corse So - MFqine ground, fronting on the golf
course OF the Army and Navy Club This is
a. great opportunity at 20c square foot. Small
800 900. CAN MISS HILL District tSsg00 ssss W
w. ). HOGE, JR., Realtor,
1927 x
Evening star., 1931-12-11
wSTFR-FRoNT PROPERTY.

coLoRED-26 LOTS IN D C., 2oxl0o FIT
for quick sale sos each; terms, 81 0C
month Phone Adams 1908 after 6.
Evening star., 1931-12-11
REN1-SUBURBAN

FOR FS3t -EsEN. REHT RB1JNNGAsLLQws-vA b. N RMS, b.
Collnar M2nora Nd, rms, b. $50. and al /
rms, b.; s40; 2, C., west Of Wisconsin @ ave
GGORD09HMs; D09HMs; Peo InS. Bldg Dist. 525i; eve. 81
Evening star., 1931-12-11

STORE, 1914 T ST. NW-SUTTARTF F0P
colored barber, tailor shop VI sbner, r LSl Cf.
rent; S25 Apply 1905 18th st. NV. Phohe
LARGE, 2nd-FLOOR STORE, WTTII ,.Sr
ern show window, suitable for anV huNiSaSs
or en- otiice; @ ideal for beauty paror or dental
once, once, eooo downtown location; also iarae
II necessary rent reasonable sic F F'I st paSii
NEW STORE ROOM. SUITABLE POp DpIT
ca ca essen grocery and meats. on 20th and 8
VANDERLOO REALTY GtI
l126 10th St NV poI Io1, 80.
Evening star., 1931-12-11
EXCHANGE.

TWO BEAUTIFUL LOTS ON CHESAPEAKE
Bay adjoining my home; all convenienceS;
close to Annapolis. Write Lenwood Clark,
Annapolis. IL
Evening star., 1931-12-11
NEUTRALITY-SUSPICIOUS.

MODERATE SIZE STORAGE, MOVING AND
parking warehouse; must be well located
Would be interested in purchasing business.
State full particulars SHAPIRO FOREIGN
EXPRESS, West 1882
Evening star., 1931-12-11
SALE--FARMS.
WANTED-FARMS

S350-SIX ACRES LEVEL LAND NEA
State road, 20 miles out, $50 down, 5,
month. Address Box 2s8-A, Star Office /,
Evening star., 1931-12-11
RENT-DEsK SPACE

9Esk dissqicts SPACE ress oRoHED FLOOR BUSINESS
Columbia STA. Branch al. after t Hnq lat,ah;; ";
Evening star., 1931-12-11
WOODBRIDGE

112O I4El oI, NV. National $500
WOODBRIDGE. D. c.
2425 PERRY ST NE-S snnerb ,,o,r a
room home that you can spend ChrlsfneS
in. $500 down will do it. O-'4 '9'IliaS
ter prices. " ~" WIN
49,. rWQopRIDqE REALTY CO.
zot1 N. l. ave. NE North 1908
Evening star., 1931-12-11
TO INSPECT, PHONE
MET. l144 TO 9 PM.
For a
CASH BTYFR

CASH BUYER.
We have a Middaugh & Shannon
built ALJ-BRICK home in Micht-
gan Park. semi-detached. eight
rooms, tile bath with shower, open
fireplace, front and double rear
porches. BRICK GARAGE. On a
large lot with SO FEET FRONTAGE.
We believe that money talks and to
a buyer with $1,000 EQUITY CASH
above q $500 first trust, we can
thing like it in this section
SHANNON & LUCHS, INC,
l435 K st. NV. Nat. 2345.
Evening star., 1931-12-11
NEUTRALITY-SUSPICIOUS.
RENT-STORES.

We SPECIALIZE IN SUBURBAN pPOp
erty. If yours is for sale set in touch VIII, VIII
US Immediately DE sHAZO 1; DOW M IN ~
ll30 l4th st. W. National 552n ----'N
Evening star., 1931-12-11
Sk 900

On one Of the best streets in the com
munity. Three stories and tower. bricl;
construction. Contains FOURTEEN ROOMS.
distributed throughout three stories incnd-
ing the tower room which has flne possibil-
ities for special usage Numerous freplaces
ing this type of property. Inspection
through our Office.
EVENING PHONE UNTIL 9 PM.
BOSS & PHELPS.
l4l7 K ST. Realtors National $500.
Evening star., 1931-12-11
EAIE.--HOUSFS,


Sc, md sT.-2-sTORY BRICK, 6 ROOMS,
cellar. h.-w.h., elec., alley, Only u, 750.
TANK NJ DOYLE realtor, District 1885 or
s7,25O; MARIETTA PAFK--A VERY GREAT
value is in this home at the price quoted
Six nice rooms, tiled bath, hot-water heat
electric light and buit-in sarage. The
dition. Can Nat. 5so4 Til pm.
4 NEW 6-ROON HOUSE, NV; Q PORCHEs,
s5-foot lot; JohnS-M Mansyiue asbestos roof
!nouern hghtins hardwood floors, large ily-
i1s Ilso rg9tqi 22rb $500 sJ0 DE sHAzo DoWLINd
4 DETACHED GEORGIAN HOME WITH
aS,eoo ,eoo square feet OF ground N an exclusive
Iecs1on 8raYi,,v oI Wsshingtoh ash Price. $4,000.
ieo library, dining room. pantry and kitchen
nrst floor. The master bed rooms linen and
Two-car garaee' The formal gardens are
dress OWNER, Box sl6-A Star once. "
NEAR CAPITOL AND HOUSE OFFICE BLDG.
baths with cellar, hot-water heat and elec-
tricity, all in excellent condition Space for
H-car garage Price only $500 on easy
NEAR 10th AND EAST CAPITOL SITS.
SlX-room and bath brick dwelling With
cellar, hot-water heat electricity and ga
rage. Price reduced to $3.50, terms.
INVESTMENT AND SPECULATION
SiK-toom brick dwelling with cellar. fur
mace heat In line Of school Improvement
JofIT scRTYEN&R RIVE SRis'q & BRO.
District 1850. 9l4 6 St. NV.
IN CHEVY CHASE D c.
BED ROOMS AND 3 BATHS.
FOR $1,000 CASH
Ny new brick colonial home on corner
lot IN the most convenient restricted COM
nuhIty I1,3adty available, Al improvements in
agents.
- OWNER, NORTH ssss
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-30
Airplanes Use
Wheel Brakes

A new device ON the American
Anyways Pilgrim 9-paSsenger
transport plane. which Is In service
on the Dallas-Fort Worth Browns
vile line. does away with wheel
chockS. which have heretofore been
an essential part Of airplane equip
ment, according TO Fred Ball, local
representative. This Is a parking
brake" that locks the plane and
enables the pilot to warm up MS
motor, or race it. without getting
under way. Even with the throttle
wide open the plane will not move,
Ball said.
The parking brake has other adj
vantages. II eliminates having a
ground crew stand by to pull out
the checks when the plane Is ready
to take off. which is a dangerous job,
because Of the proximity Of the
propellers. and has occasionally
caused accidents. It permits the pilot
TO take off without grand assistance.
Parking brakes probably would
have been used on airplanes long
ago had II not been for the posi-
bility OF an absent minded pilot
locking his brakes in the air and
coming a cropper when he landed
The new brake on the Pilgrim
IS virtually fool-proof. II Is operated
by a toe pedal. but the locking
mechanism Is worked by hand. The
pilot must first press down on the
pedal. then pull a ring on the in
strument board. then release the
pedal. A second pressure Of the foot
releases the brake.
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-30
TWO ENTOMBED
MINERS ALIVE

MOCANAQUA, Pa, Oct. 80. tF-
Rescue workers shortly after six o.
clock this morning brought out alive
two Of the six miners entombed last
Saturday by a II explosion at the
coal mine Of the West End Coal Co.
The others we're dead.
Those rescued &C John Toma-
shunis, 40. and Joseph Matzoni, p.
Mine officials said both were IN eX-
cellent condition considering they
had been buried alive for five and
a half days. Both viii survive the
ordeal, physicians said.
The dead: John Molitoris, IS
father Of three children: Pacob Hin
us. As. father OF four: Henry
Ceglarski, %, single, and Paul Novak
40.
With but five more feet 10 90
rescue workers throughout the night
redoubled their efforts to get
through rock and coal to the miners
AS hope for their rescue ebbed
slowly away a faint tapping was
heard on the pipes run through Il
the spot where the miners were en-
tombed.
Early today more signals came
from behind the barrier. They were
received by means Of blows struck
on the coal ribs.
At daybreak today the men had
been entombed more than 1873 hours
From rescue workers II was learn
ed that two OF the dead men hac
been killed instantly by the force Of
the explosion and that the other
two had been victims of after-damp
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-30
Bondholder Urged
To Keep Property

the nation, he foresaw the immin-
ent development Of big manage
ment concerns modelled, perhaps,
after the utility unit which con-
structs. finances and operates a
property.
The management factor" Pet
tibone asserted, has certainly
been undereStimated in large res
idential and business properties.
The mortgage banker has now
learned that a mortgage on a
large hotel and a mortgage on a
single residence or small ~ct build
ing are entirely different types oil
business quite unrelated"
His concluding advice 10 the
mortgage banker was: Assist ac-
lively IN recognizing property,
thereby clearing away the debris
which blocks the mortgage bust
ness. Assist In the adoption OF
uniform or better foreclosure laws.
Don't lay your problems at the door
Of government-solve them your
self. In your own community, con-
Germ yourself with any property
ur5n which a mortgage is I'm de-
fault. See that the property Is re-
organized. the new owner recog-
nized and establi'hed in the man.
agement. Once that has been ac-
complished. that piece Of property
no longer presents a problem In the
general situation"
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-30

DALLAS, Oct. 30. -tP- Tbs
plain principles Of business man
agement for defaulting real estate
property, without a cry to the gov
eminent for rescue. were COM
mended TO worried bondholders
and mortgage bankers recently by
Holman ID. Pettibone, president OF
the Chicago Title and Trust Co.
Pettibone, observing a turn for
the better, predicted that fore
closed property throughout the
states soon would be paying q re-
turn 70 the bondholders. He urged
owners Of defaulted mortgages,
therefore. to cling TO their invest
ments until they are reorganized-
He saw no need for the bankers
turning In distress 10 government
aid through a central bank, a
mortgage pool. OF an artificial
building stimulus.
The worst thing that could
happen to the real estate sltua-
ton today" said Pettibone, speak
ing before the Mortgage Bankers
Assn. Of America, would be con-
struction Of buildings Of the type
which are now too numerous,
such as residential, office and
store structures. Building activity
on a large scale in these classical
tons must follow rather than pre-
cede a general business recovery.
AS to a ACKNOWLEDGEMENTS
mortgage pool, he said the lack
Of a standard Of value had given
the governments farm loan system
serious difficulties. and asked what
reason is there to suppose there
would be less difficulty in loans on
urban properties"
But Pettibone decried talk OF
chaos in the real estate and
mortgage field, the only distress
being that Of certain owners. He
advised them TO cooperate with
bondholderS' committees and "sit
tight" until reorganization.
LAS a matter Of fact" he said.
adequate machinery has been SCI
UP for reorganization Of a large
part OF the properties on which
bond issues are in default. Those III
control know their objective ano
are working steadily TO achieve It.
Observing a lack or adequate
management for large properties IN
Brownsville herald. [volume] (Brownsville, Tex.) 1910-current, 1931-10-30
Business Men May
Visit Brownsville

This city will probably be in
cluded In the itinerary OF q special
trainload OF representative Chicago
business men who r TO tour Texas
in February or March.
This was indicated in a letter re-
ceived at the chamber OF commerce
here today from II. L. Pigott Of The
Wabash Railway company, which Is
arranging the trip.
Pigott asks for detailed informa-
ton on Brownsville including the
climate. scenic attractions, etc.
He does not give the route OF the
trip through Texas, but 1t Is con-
sidered very likely that the Valley
will be included.
The local chamber OF commerce
will seek TO have Brownsville made
part OF the Texas itinerary.