Omaha daily bee. (Omaha [Neb.]) 187?-1922, July 11, 1909, EDITORIAL, Page 3, Image 11

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    TIIE OMAITA SUNDAY BEE: JULY 11, 1900.
TIMELY REAL ESTATE GOSSIP
location of Woodmen Building Chief
Interest of Week Past.
MUCH RETAIL BUILDING IN SIGHT
fjrowtb. af City Makes Improreaieat
Alan TfcU Lias Inevitable, flays
Ear Sabarbaa flairs Art
Kintrni,
' Ths location of ths nw Woodmen of ths
World building held the center of the real
eatate stage during the week and prac
tically excluded all other performers. Small
sales went on with undiminished frequency,
but larger sites were held up pending the
consummation of the Woodmen deal. This
was but natural, for practically every un
encumbered piece of property In the busl
ness district wss placed at the opportunity
of ths Woodmen provided they cared to
pay ths price. Ths "price"' In some cases
was out of ths question preposterously so.
The general public1 and those real estate
agents. not themselves active In the matter
bad no particular desire as to where the
building should go, except that It should
be located on fairly high ground and
thereby gain ths advantage of an Imposing
site, .
"The chief Increases In resl estate ac
tivity In the coming year or two," declared
the best posted man In Omaha, "will be
with regard to the central business district
We have seen big building after big build
ing rise in the wholesale district and we
have been erecting dwelling" houses at the
rate of 1,000 a year. To a considerable
extent the retail district has remained as
It was and the greatest chancfe for lm
provement Is here. There is also the de
mand and necessity and It will come with
a speed and extent we hardly dream of.
, "The retail district limits of Omaha are
beginning to define themselves on several-
tides at leant. Expansion of the district
tnuft be westward, and how far It will go
thence Is Impossible to predict.
"Fafnam will continue to be the most
prominent east and west thoroughfare, but
It will not be the exclusive business street
. running In that direction. Both Douglas
and Harney have received a great Impetus
within the year. Douglas street Is already
the. site of much Improvement and Harney
will be helped by the new court house and
the City National bank building."
Omaha suburban sales continue to In
crease In volume. There Is no suburb.
either, which Is not showing an active and
;' healthy growth. In Benson, Florence,
' Dundee, Falracres and Ralston lots are
selling to home builders dally. ' Benson, In
particular. Is going ahead fast, and a big
gain In population Is shown, with an even
larger one claimed. It had to achieve 3. SOU
people to become a olty of the second class,
and (his It did jo me time ago. Nor Its
most enthusisstle residents say It has 4. WW
men, women and children within Its limits.
A persuasive argument In favor of buying
a home Instead of paying rent Is put forth
by a firm which has a good many houses
and lots to dispose' of. When, this firm
aks. you drop Into your landlord's hand
each month about one-fifth of your earn
ings, do you stop to consider why rents are
so high and going higher Do you realise
that you are paying the taxes on the prop
erty? It's figured In the rent Do you con
sider that you are paying all the fire In
surance, the rents and so forth? They are
figured In the rent. There are. as you
know, some renters who never pay any rent
at all, and another class who destroy prop
erty. Do you resllse that these losses mint
earn a certain Income In rent equal to good
Interest on his money? What comforts,
continues the argument has a renter com
pered with the man who owns his own
home? Look at your home-owning friends
and see how differently they have things.
Home comforts and independence and In
crease In property value should be yours.
It Is rightly yours and can be yours If you
put your foot down and say you will stop
paying rent. Cut out all the Items you are
now paying for. together with the land
lord's profit and buy a home of your own.
An amaslngly absurd claim is set up In
re Moines that Improvements there are
grester than in any city west of the Missis
sippi, with the possible exception of Kansas
City, This In spite of the ract mat me
largest Item which the Hawkeye city can
name is one of $500,000. Against this there
are three new 11.000,000 buildings In Omaha,
and the total showings are In the same
ratio. '
WOODMEN STILL TALKING
ABOUT NEW HUME Slit
Glfford-Graham-Brldg-ea Corser Bald
to Have Been Offered to
the Order.
"Something probably wilt happen be
tween now and Wednesday evening." de
clared a member of the Woodmen's build
ing committee Saturday. "As yet no site
hss been selected."
Further statements give additional reason
to believe that no conclusion has been
reached In favor of any site. " The Wood
men continue to receive offers and to dis
cuss prices with real estate agents.
"Nothing doing at all," said J. C. Root
'Wt are chaffing with various agents and
have reached no choice."
Mr. Root spoke the day previously as
though a special meeting of the executive
committee would be called at once to
ratify the building committee's choice.
Now he is Inclined to wslt until the regular
meeting, which Is July 28.
It Is rumored that the Graham-Olf ford
Bridges property at Nineteenth and Far
nam streets has been offered tyie Wood
men. A contract has already been let for
a hotel and store building there and ex
cavation begun, but It Is believed this
would be disposed of In ease the Woodmen
should agree on terms for the corner. ,
1
SEMI-ANNUAL STATEMENT
Omaha Loan & Building Assn.
JUNB 30, 1900.
ASSETS.
Loani oa First Mortgages. ...-. .1.4f ,6i. 8
; Stock Loans . 6S.601.09
Interact Dua from Members ............. ...... 1,844
- Heal Estate ...... mv .- . , .i. . . . .- 6.b SI. 6 5
Foreclosure Pending ........ ..M ...-.. .M t.617.14
Furniture and Fixtures ............... . . . 107.60
Home ButMlnc .............. ... ....... .... . 11,000.00
Sundry Persons and Accounts. ' '688.81
Cash . 178.47t.88
$1,72,46.64
LIABILITIES.
-Running Stock and Dividends ....88,141,884.8
. Paid-up Stock and Dividends. ll.08.4
Loan Stock and Dividends.......,.'. m 806,911.1
' Dae Sundry Persons on Account of Incomplete Loans.. 166.T48.89
"Building Earnings and Expense 1,661.16
Reserve Fund (66,814.18
Undivided Earnings 1,869.48
Interest Due from Members 1.684.94
'- ': fl.7l,946.4
'.' At the Directors' semi-annual meeting;, held June 80, 1909, the
. usual dividend of six per cent was declared and $2,900.00 carried to
. Contingent Fund.
OFFICERS AND DIRECTORS.
GEO. W. LOOMIS, President. ELMER E. BROX, Tic President.
O. M. NATTII-3ER, Secy, and Trees. WM. R. ADAIR, Asst. Secy.
JOHN H. BUTLER. E. A. PARMELEE. H. J. PBNFOLD.
W. S. WRIGHT. M. M. ROBERTSON. W. SCOTT KING.
Architects,
Contractors,
P OF THE BUSY HOME BUILDERS
I; ' ' . .'."X ?.?: ' ':' ' ,'- .'-., ;! y . v:- V.':.--;i;4 -
I 'ri:'--l-i H-Y't-'Vy"-'' v-;rV" -W " ' v::; ju.tItLa, -r-
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WE INVITE YOUR INSPECTION
OF THE BEST AND MOST COMPLETE
AND NICEST LINE OF FACE BRICK,
TILINO, COMMON BRICK AND SUP-v
PLIES OF THIS DESCRIPTION THAT"
YOU HAVE SEEN.
C. B. Havens (Si Co.
1805 Ftvrnam St. Doth Phones.
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"PORCH
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I KITCHEN ILsJI DICING ROOM I
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POBCH
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rUEJIGIi MO 9 29-
ARTHUR C CLAUJEN ARCHITECT
CHAMBER t- CHAMBER I
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lH -c crU m BATH ROOM!
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CLOJ ' 1
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C The Smart and Up-to-Batc
Dwelling House 3
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Guide Posts for the Home Builder
ArUutf O. Clauses, Azoblteot.
J. J. HAK11HEW
IrLiyiUpOWlDl
AND
IE AID PI
1400 Harney St.
Phone Doug. 1146
Success In any undertaking consists to a
large extent In a proper knowledge of the
details of that which is being undertaken.
Guide post No. 1: The average house
builder has a very vague Idea of how to
proceed in the building of a modern home.
The first thing to determine In the building
of a home Is whether or not the funds at
hand or available are sufficient to build
the home which Is desired. A great many
people nowadays build homes on either the
monthly payment or prearranged mortgage
plan, preferring to pay out Interest for the
money borrowed and have a home In the
end, than to continually pay rent year after
year and have nothing to show for It but
the receipts. To try and build a home on
a monthly payment plan with practically no
capital to start with Is not as easy as It
at first appears. In addition to the monthly
payments, there are the taxes. Insurance
and occasional repairs to be taken care of
and for the first year or two the payment
pay so little more than the running Interest
that the principal Is not reduced much. An
other objection to building on this plan Is
that loan companies of this nature almost
Invariably Insist on building the house
themselves. The owner is, therefore, un
able to select his own contractors and
really has very little to say about the houxe
during the course of Jts construction. He
Is not sure whether he Is getting his
money's worth or not A casual glance at
homes that have been built under this plan
Is sufficient proof that the results are not
always satisfactory. It is therefore best to
wslt a few years until sufficient funds have
been gathered together to pay at least half
the expense of building and obtain a loan
on the other half. The amount being re
duced by one-half, a greater gain Is made
on the principal on each payment and con
siderable saved In this way of Interest. The
owner also has the privilege under this
method of selecting whoever he chooses to
build his Uma, profiting by the advantage
of being able to take competitive figures
from different builders. If the loan la made
In advance, before the building is duiii. "
will usually require the paying of an extra
commission of 1 per cent. If the loan Is
made after the building is built this 2 per
cent Is saved. It is therefore beet to have
i hunt bv a contractor whose
financial condition makes it possible for
htm to carry half of the expense of build
ing until the house Is completed. Any con
tractor In sood standing has credit enough
to do this and Is entirely secured for ths
psyment of the money, since he can put a
Hen upon the house. A contract of this
kind should be prepared by an attorney and
be based upon carefully prepared plans so
thet no matters will come up mai win
cause any dispute.
Guide post No. 2: D not let an architect
or contractor draw up your building con
tract. The architect should confer with
your attorney when the contract Is being
drawn up, and look It over carefully after
wards, to be sure that certain points
about which he Is familiar era properly
covered. An architect has to know the
rudiments of a great many Unds of busi
ness that coma In connection with bis
work, but he Is not a lawyer and should
not be expected to know any more about
the pit-falls of the law than a lawyer does
h bo ut the strength of building materials.
THE BEE'S PLAN OFFER
Mr. Clausen Is the author of a
well illustrated hook containing a
great many designs of modern
homes, complete plans for which
will be furnished to Bre readers at
reduced prices. The book is enti
tled TJIX aBT, BOZZVCX AMU BXHTI-
kmt or XOMS Buua
vxa. 46 Chapters SOQ Illustrations.
A beautiful and practical book con
taining complete Information on the
planning and designing of every kind
of borne. It oontalus extensive articles
on that popular style of home, The
American Bungalow, also the Two
Story Bungalow, BUNGAIiOWS
BUILT FOR TWO, Homes of Dis
tinctive Character; Planning ths Cot
tage, the Country Home, the Farm
Home, Homes for Special Places, The
Duplex House, etc. There are ex
tensive Illustrated articles on en
trances, windows, stairways, fire
places, porches, kitchens, pantries,
cement construction, articles on what
not to do in building a home, the Let
ting of Contract., the Practical Bide
of Home Building, the Sentiment of
Home Building, etc.. etc. Price, post
paid to readers of The Bee, $1. Send
all orders to Arthur C. Clausen,
architect, 11SC-37-38 Lumber Ex
change. Minneapolis, Minn.
Stnalf' technical matters In legal phrase
ology are apt to be overlooked by him In
the arranging of a building contract, that
might prove of vital Importance should the
contract be put to a test In court. The
wording of a single phrase or the placing
of a comma has been known to decide law
suits.
Guide Kst No. I: Do not build by day
Ir.bor. Although this point has been em
phasised -several times In these columns,
it will do no harm to call this matter to
the attention of the home-builder again.
System is always economy no matter what
the undertaking and this Is specially true
in the building of a home. A complete
bill of materials for the aversge home con
sists of from 200 to different quantities
and items of. material. These must not
only be figured out In their correct pro
portions and bought at the best prices, but
the purchases rhould be made for delivery
at certain times when the material will
be nesded. Immediate delivery of material
cannot be secured snd the builder must
therefore know how far ahead of time
he will want certain material and should
order It, In order not to delay the con
struction of the building. On the other
hand great quantities of materiel should
not be kept on hand for any length of
time before they are needed. Materials
suffer much from exposure to the weather,
and If placed in the building after the roof
Is on, are a hinderance to the workmen.
The difference between what the material
would cost the average home builder and
what It would cost a contractor Is some
times more than the profit tha.t would ba
charged by the contractor for that build
ing. The greatest loss, however, to a maa
attempting to build bis own home Is In
the labor. Since ths labor on a building
Is usually about the same as the cost of
the material. Is Is Important that compe
tent, conscientious and reliable workmen
only be employed on the work. A man at
tempting to build his own home, In most
cases, has not had enough previous experi
ence to enable him to select workmen
coming up to this standard. He may be
lucky enough to get together a crew of
competent workmen, but the chances are
against him, since these men are to a larva
extent employed the year around by con
tractors. There is also a considerable
loss to a man attempting to build his own
home through mismanagement. .The writer
recently observed on a horns being built
by day labor that the mason was mixing
his own mortar and carrying his own
brick. He was being paid tS a day for his
work and spending half of his time doing
the work of a common laborer at 11.60 a
day or less. Here Is a good example of
the usual results that come from trying to
buy your own material and building by
day labor. , A man recently bought a
double house, which by a few changes was
easily converted Into a six-flat flat build
ing. The work could have been done for
$1,600, but. thinking he xnlght save money,
he hired a carpenter-foreman, purchased
his own material and spent 2.SO0. Instead
of having the property clear as be .might
easily have done had he taken his ar
chitect's advice, he had to obtain a loan
on It In order to complete the work.
Guide pon No. 4: Do not try to reduce
the expense of your home by building
on a cheap lot, and if you are building
for Investment purposes only, be sure that
the cost of the house you are going to
build Is in due proportion to the value of
the lot. A good way to average this mat
ter Is to figure on paying for your lot
about one-third the cost of your house.
inis refers to city cronertv onlv f.w
course, country homes are built under' en
ureiy airreient conditions. If you buy a
lot in a certain locality at a very low price
It is because there is not a great demand
for property In that neighborhood. That
means that other lot are being sold to
people who can not afford more and who
will build an inferior class of houses. A
good example is the beautiful country Just
this side of Washburn park. Here a few
years ago lots were sold as low as 1V0
and J300. The result of this Is that this
beautiful building property was rapidly
filled up with shacks and a few good
homes of a very small slse. It would be
very hard to dispose of a home costing
5,W0 or t,000 in a neighborhood of this
kind, although not a difficult matter to
dispose of one-costing $2,000 or less. Our
bsautiful Lowry Hill district, especially
that part of It that lies nearest Uroveland
Terrace. Is what it Is today through the
foresight of Its two original owners, one
of whom Is still living, who realised the
possibilities of the situation and refused
to sell property to any man who would
not build a beautiful home and Insisted
that it must not be built of frame. The
result Is that an exclusive neighborhood
was built up and in recent years these
men will have profited to a large extent
through the prices which they obtained on
the property that they still had left to
sell. A bouse In a desirable location can
always be sold for more than It cost If it
U well arranged as to plan and has
of
is a wood frame covered on the outside
with cement mortar on metal lath, or
what is commonly called a "stucco
house."
The Old Frame Houses
may, at a small expense, be made up-to-date
by attaching EXPANDED
METfiL LA TH on the weather board
ing and overcoating with cement mor;
tar. This makes them warmer in winter,
with less fuel, and cooler in summer.
They do not need painting and are
practically everlasting.
Write for full particulars.
Korthwcstern Expanded Metal Co.
Old Colony Building Chicago, III.
mm
I Fence "Your Lawnl
BEAUTIFY YOUR HOME. NOTHING
ADDS MOEE TO YOUR PROPERTY
THAN A FINE IRON FENCE. WE
MAKE ANY KIND OF FENCE. SEE
US FOR DESIGNS AND PRICES. : : :
ANCHOR FENCE CO.
205-7 NORTH 17TH STREET, OMAHA, NEB.
Carey's
Roofing
XnTried and Time Tested
A durable light weight roofing for flat or
steep surface on Store Buildings, Ware
houses, Factories, Barns, Sheds, Farm
Buildings, etc. Applied with a liberal
guarantee by a responsible concern
Sunderland Roofing and Supply Co.
1006-8-10 Douglas Street Phones: Douf. 871; A 1225
JOXV X Z.TITOK, T. J. I.TWCH.
Xx-Flumclnff Inspector.
LYNCH BROS.,
Plumhins, Fitting nnd Drain-Tnylwr
705 South lCm Street
Telephone 1477. - - - OMAHA, NEU.
CS JF J 30
MJ
xpres.es In a limited degree only, the m.jnlflcencs of ths
scsoerjr In ths Csnsdlan Rockies viewed enroute o ths '
ALASKA-YUttON-PACIFIC EXPOSTION
Stopover without estra chars at ths famous resorts:
Banff Xks Zrfmla Ti.14 Olacl.r.
This "Land of Enchantment" la reached only by the
Canadian Pacific Railway
Throuch trains to Hesttla from Bt Paul dally at 10:30 a. m
low Baoarsloa Tares from all places to Seattle and all Puget
bound cities snd return.
Alaska and return from Vancouver ftt. by Csn. Paclfle
steamea. Tickets for ssle l.y avnts of all railways,
bend for literature and information.
A. C. Shaw. General Agent, Chicago.
ToUow ths Tlaf.'
fiiiL
New York s Return
CHOICE of ROUTES
Chicago. Detroit via boat to Cleveland and Buffalo, Niagara Kails. Albany via
boat down the Hudson to New York or sll rail. Sold dally, limit 3ft days, strm overs
allowed. Ve have special rates to all eastern r-nns. Afk us for Summer Tour
book, rates and all Information, st Wabash City Offlrt leth snd Karnaui. or address
f MOOSE, a. A.. T. D, Wabasu B. B.. Omaha. Msb.
pleasing exterior. This Is one reason why
It Invariably pays to have this work done
by ona whoa, experience and talent makes
It possible to set ths best looking and
most complete housa that ths amount In
vested can build.
Klsata I.f.
"Am I on the right road to Ripley V In
quired ths traveler. (
"No, sir," answered ths farmer, '"you'd
ought to have turned to ths left at ths
brick bous a couple of miles back."
"ttut I was tuid ibas I'd have no trouble
In finding the way If 1 kept on the rlijlit
road."
"That's right."
"ISo when I rams to two rosds I turned
to (he rlKht."
"Thst wss wrong."
The traveler wss becoming Irritated.
"Then ths rig rood wss the wrung one,
was It?" ho a.Ked.
"You're right."
"How can a thing bs toih right and
wrong?"
"That only shows, mister," said tls
farmer, calmly chewing a straw, "that
you've never milked a cow. If you had
you'd know that her nxht I4 la ber
wrung side." CbluaJMt Tribune.