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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Aug. 8, 1909)
TMfc OMAilA SUNDAY BEK: AUGUST S. WOO.
TIMELY REAL ESTATE TALK
One Bad Feature of the Woodmen
IBICES ON PROPERTY INFLATED
Efforts to F.ffeet flair at Fletltlotn
Fla-arva l.lbelr to Have lade
slrabte Hefles on Real
"The handling of the Woodmen of the
World real estate deal Is a very excellent
example of how such things should not
be carried on," Mid an observant and con
servative owner of downtown property dur
ing the week. Naturally, the Woodmen
wanted to itet all the advertising possible
out of the erection of their great building.
It Is a mighty big card for the order and
the enterprise the executive council Is dis
playing In Its erection Is most commend
able. But when the decision to build was
reached, If the council had proceeded to
quietly acquire a site before making known
the Intention of the order, much worry and
vexation could have been spared. As It
was, as soon as word came from Deirolt
that the Woodmen of the World were, fig
uring on spending 11,000,000 on a building
In Omaha, all owners of available altes
and all Interested real estate dealers began
to plan to get as much of that money as
possible. Options on possible locations
were secured and values began to rise.
Then came on the game of bluff and coun
terbluff. The Woodmen people didn't care
to be held up, although they had prac
tically Invited the attempt, while the real
estate men wanted to get all they could.
And the game was played out to a finish.
"Now, In a way, It Is nobody's business
outside the order what Is paid for the slle
or what steps were taken to secure It, and
In a way It la. The Woodmen have finally
secured a site tbat Is satlufactory and have
probably purchased It at about what It Is
actually worth. Yet values In other parts
of the city have been unduly Inflated as
a result of the transaction and owners
are given a false notion of the worth of
their holdings. This In turn will reach
to prospective purchasers, and If the news
gets abroad that Omaha Inside property la
being held at fancy figures, many Invest
ment buyers are likely to go elsewheie
for bargains. Omaha Is enjoying a period
of growth, healthy and encouraging, and
Is In no need of the advertising It may
get from fictitious real estate values."
Omaha real estate la going ahead at a
fast rate, but It has not quite attained the
values of Now York, Chicago or London
realty. An acre near the Bank of London
sold at the rate or 119,000,000 and New York
real estate has touched the rate of $14,
000,000 per acre. No local owner la ad
vised to hold for similar prices.
Vice President C. D. Armstrong of the
D. V. Sholes company Is building himself
a residence at the northeast corner of
Thirty-fourth and Woolworth. which will
attract much attention. It Is being con
structed on the pure Spanish mission
style and will be of cement coat finluh.
The roof will be of tile. The wide eaves
and the arched windows will seem a nov
elty In residence building, as will the
vaulted ceiling In the large living room.
Mr. Armstrong Is an enthusiastic auto
moblllst and his provision for the garage
la unique. It Is built Into the bouse and
entrance to the car can be gained from
a vestibule without going from under a
roof. The Idea Is a sort of modernisation
of the port cochere. The lot on which the
house stands cost 13,000 and the residence
will be finished at an expense of 110,000.
A aun parlor and a sleeping porch are
two Infrequently met featurea which will
be incorporated in the dwelling.
The week over was not an exceedingly
active one, outside of the Woodmen sale.
The present month Is not the best in the
year for business of any kind, and real
estate experiences somewhat the lethargy
felt in Insurance circles and others during
Leonard Everett, who bought heavily of
Omaha realty during the week, doe.i not
Intend at once to plat the W acres he
acquired near Kenson from the Creighton
Real Estate and Trust company. The
land Is near enough In, tioweer, t become
an addition at a date not very far in the
future. At ptesent It looked like a good
Investment to the Council Bluffs man,
and that la why he bought It.
The Omaha Real Estate exchange will
hold at least one more weekly noon meet
ing before adjourning for the summer. At
this week's gathering Dr. Palmer Findley
or some other member of the special com
mittee will address the exchange on the
extensive Improvements which the college
of medicine of the fnlverslty of Nebraska
contemplates at Fortieth and Dewey.
BUSY HOME BUILDERS
It is not only the big investor who makes
money in real estate. The man putting In
a comparatively Insignificant sum can
make as big a per cent on his Investment
and sometimes even more. In proof of this
read the, following Interview with Charles
E. Williamson, president of the Ileal Estate
Title and Trust company. He cites only a
few samples, but the list could be continued
at great length:
"We purchased," said Williamson, "for
one customer three little houses on one lot
on Webster street, esst of Thirty
eighth, paying $700. Within three and
one-half years the three houses had
been sold as follows: One house to be
moved al 300. This left the other two with
more ground each, and they were sold,
with half of the ground to each house, at
JsiO and $876 respectively. This made a
total of $2,026. Meanwhile the houses had
been rented almost steadily and the client
had received over $800 rent. Thus a total
gross return of $2,82K on an Investment of
$760 within three and a half years.
"In another Instance we purchased for a
client a small house and lot In the north
part of town near Lake street and Thir
tieth, paying for It $4fi0. In this case our
client approved our proposition to fix the
place up and after Improving It, mostly
new roof and paint, we sold It in a com
paratively short time for $975.
"We often do almost. If not quite, as well
with vacant lots now while the market Is
still active. We purchased for a client a
tract of a little more than an acre and a
half near Fort Omaha. We divided this
Into eight lots and within a year after the
purchase at $2S0 we sold the eight lots to
one person for $775. Getting closer In town.
In the neighborhood of Bemis park, north
of Hamilton street, east of Thirty-fourth,
we purchased a block of ground equal to
four very large lots. It was on a oorner
where we could subdivide Into six good
building lots. This, as a tract, cost $950.
Inside of three years we -put It on the mar
ket and sold It at prices ranging from $350
to I4S0, or an average of $400 each total
$2,400 on an Investment of $M0."
Probably the old maid remains a miss
because she never made a hit.
N"ver trt a man whose dog has gone
back on him.
You can't smooth a man down by rubbing
him the wrong way.
Even the fellow who has nothing to do
doesn't seem to be satisfied to do It.
There Is no such thing as the biggest
half. In spite of the fact that most of us
It takes a pretty slick Individual to match
a sample In buying experience.
A man may sometimes feel that he has
no friends, and at other times that he has
No man works so hard that he hasn't a
little energy left to pat himself on the back.
Ooeslp Is merely a case of nutting two
and two together and making five.
It never occurs to some men that the
easiest way to get a living Is to work for It.
When a boy begins to wash his hands and
face without being told, look for the girl In
the case. New York Times.
SAVE FOR AN OBJECT
A Higher Education
A Dome A Farm
A Winter in the South
A Trip Abroad
A Business Venture
All of these things are out of the question at the present
time, but they may be easily brought within your reach. A sys
tematic method of saving will do It- Subscribe for as many
shares of stock In this Association as' you can conveniently carry
and hold yourself to each month's payments. It win soon become
a habit, like paying board or rent, and never be missed. Unlike
board or rent it will come back to you with dividends at the rate
of 6 per cent, compounded semi-annually.
THE OLDEST SAVINGS INSTITUTION' IN OMAHA. '
25 YEARS IN BUSINESS.
Omaha Loan & Building Association
8. E. Corner 16th and Dodge Street.
AsseU $2,800,000. Reserve Fund $60,000.
G. V. LOOMIS, IVes. G. M. NATT1NGKR, Secy.
W. R. ADAIR, Asst. Secy.
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L 1 , J lEEl I " 1 '
"tL-XV.lCV JL.lv1Mo, '
Arthur C. Clt.ain Arobltet.
THE BEE'S PLAN OFFER
Mr. C usen is the author of a
well Illustrated book containing a
great many designs of modem
norr";, complete pianu for which
will I furnished to Dee readers at
reduea prices. The book is enti
tled TSS alT, BCrEWCE AMD BE2JTI
MXKT Or HOME lUIIiil-
48 Chapters 300 Illustrations.
A beautiful and practical book con
taining complete information on tns
planning unu designing of every kind
of hums. It contains extensive articles
on thai popular style of Dome, The
Ainericuii Bungalow, also the Two
blory Uuntalow. iiLNGAI.UVVS
UL'lLiT l'"OK TWO, Homes of Dis
tinctive Character, Planning tha Cot
tage, the Country Home, the Farm
Home, Home s Tor Special Places, Tha
Uuplex 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 Contracts, the Practical Bido
of Home Building, the Sentiment of
Home Building, tc, etc. Price, post
paid to readers of The Bee, II. 8end
sll orders to Arthur C. Clausen,
architect. 1 136-37-38 Lumber Ex
change. Minneapolis, Minn.
of a living room, dining room, one cham
ber, kitchen, three large closets and a
bath room. This arrangement could be
expanded to Include either two or three
chambers, but experience has proven that
in the right locality a small flat will rent
as readily and for as much money, if
properly built and equipped, as a large
flat. Flats are not Intended for large
families. While the .requirements of real
estate men, with reference to renting
flats to families having small children, is
no doubt entirely In the protection of their
own Interests, to reduce he wear and
tear on the building to a minimum and
forestall any complaint from children's
pranks or noise, there Is no doubt but
what at the same time they serve the
best interests of humanity for a flat is no
place in which to raise children. The re
strictions are such that they must be
necessarily under a constant restraint
which does not Improve either their health
By placing a regular roof on this build
ing with dormer windows, four chambers
could be provided in the third story to
serve as servants' quarters. If such a
building were built but two stories high
it could be made of frame with brick
veneer walls. The dining room, If desired
could have a bay window at the end which
would provide a view toward the street
from the inside flats, or to save the ex
pense, the dinlDgroom could be left as it
is and the bay window la the livlngroom
omitted, providing a pleasant group of
windows in their stead. The bay In the liv
ing room, however, gives a pleasant view
in several directions and serves to carry
out the homelike scheme of the arrange
ment. For a two-etory flat It is practical in
every way to have separate heating plants
and let each tenant take care of his own
heating. For a three-story flat building,
however, it Is best to provide one central
heating plant for furnishing the beat,
charging the tenant for it in the rent, for
the inconvenience to the third story tenant
of having so many steps to climb up and
down to take care of the heating plant
makes It difficult to rent the third story
flat unless the heat Is furnished.
While the "bungalow flat" Is something
entirely new in the way of real estate in
vestments, there Is no doubt but what its
popularity will increase, since It combines
all the essential features of a modern flat,
duplex house and a bungalow.
Let us give you our bid on the hard
ware for your new house. We are agents
for Sargent's Artistic Hardware.
Milton Rogers & Sons Co.
Fourteenth and Farnam Streets.
C. H. GERDER
JOHN P. CRICK
X.XOKT AMD FOWM
Engineers and Contractors
Room 619 -!
Phon Dug. 2171
JOMM X &YVCX,
T. J. LTICE.
Plumhimit Fitting nnd Dvn In-7 y i n gr
Telephone 1477. -
16tii Stree t
Mark Twain is quoted as saying that
the modern flat "Is the greatest archi
tectural achievement of the present gen
eration. A complete home In a space
hardly wide enough for a dog to wag his
tail." While this may be somewhat of
an exagg "ration, there Is no doubt but
what the meaning implied is. to a certain
extent, true. The average flat Is usually
built with the rooms strung out in a row,
and while each flat may be seventy or
more feet In length, it. is seldom over fif
teen feet wide. A complete home may be
obtained In this manner so. far as the num
ber of rooms Is concerned that the average
small family requires, but it is Impossible
to arrange a flat in this manner and have
it appear In any way home-like.
The argument la advanced, however, that
flats were not Inteded to take the place of
private homes. They simply furnish com
fortable and convenient quarters for small
families who do Dot care to assume the
responsibilities of keeping up a private
home and who prefer the comparatively
easy life of living In a flat where heat,
hot water and Janitor services are always
at hard, rvducing the cares of keeping up
a home to a minimum. There Is a class
of people, however, who like the conven
ience of a flat on account of the arrange
ment of the rooms all on one floor, but
object very munch to having the rooms
strung out In one long row on one aide of
the building. It Is with this class of peo
ple that the duplex house Is so popular,
since this gives a complete home on one
floor, compactly arranged, but with the
looms assembled In such a manner that
they give the appearance of a private home
mure than a riat.
Duplex houses, however, provide for liv
ing quarters for two families only. If
four or six families could be provided for
In the same building, dividing the expense
I of hvating, roof, foundation, stairways,
j etc., between them and at the same time
have the rooms t lopely assembled. It would
' prove a better Investment from the build
er's standpoint. The plans accompanying
! this article have been studied out to pro
. vide for four or six families, according
1 to the height of the building, each flat
having the rooma so assembled together
that they have the arrangement of a small
bungalow. The proper lixetion of such a
building on the lot should be one comer,
I and If the lot Is at least Mxl50 It would
j accommodate two such buildings, placed
side by side, the long way of the lot.
! The arrangement is a very simple one,
I the ball being located In the center and
running straight through the building. On
Jther side la a ' bungalow tlms" nrimrmil
Big Increases in Building
Building was upon a more active scale
in July than in any of the preceding
months of the year and was far ahead,
showing an Increase of 28 per cent over
the corresponding month a year ago.
During the month Just closed, according
to official reports to Construction News,
permits were taken out In thirty-eight
cities for the construction of 11,408 build
ings, involving a total cost of $57,074,903,
against 8, COS buildings, aggregating in coat
the foregoing table is that the increases
are large and are pretty generally all over
the country, while the losses are In citiei
to widely separated that they have little
bearing upon the general situation. In
addition to the big increases in New York
and Chicago, the heavy gain of 93 per
cent In Pittsburg Is significant, as is also
the decrease of 26 per cent In St. Louis.
There are also some slight decreases in
such cities as Portland,- Ore., Atlanta,
is the fire-proof substitute for
the inflammable wood lath.
It Prevents Cracking and Falling
cf Plaster on Walls and Ceiling.
Adopted by the U. S. Govern
ment and used everywhere in
all good buildings.
Write for circular.
NORTHWESTERN EXPANDED METAL CO.
84 Van Burn Strattt, CHICAGO
(Fence Your lawn
BEAUTIFY YOUR HOME. NOTHING
ADDS MORE 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 STRET,
OMAHA, NEB. J
New York. Manhattan and Bronx... 344
Chicago. Ill 9"
Brooklyn. N. Y....! 1.41s
Philadelphia. Pa 1,641
Ban FraoclKCO, Cal.....
St. Louis, Mo 864
Pittsburg. Pa 337
Kansas City. Mo 342
Milwaukee, Wis 386
Newark. N. J 220
Portland, Ore 406
Minneapolis, Minn..... tilO
Cincinnati. O '
Omaha, Neb 163
St. Paul. Minn 479
Indianapolis. Ind 383
Spokane, Wash 211
New Orleans, La
Memphis, Tenn 20t
Worcester. Mass 121
Oakland, Cal 2S4
Dallas. Tex 146
Atlanta. Ga 2f7
Grand Kaplds, Mich 117
Birmingham. Ala 101
Richmond. Va S4
Columbus, 0 140
Louisville, Ky 2
Toledo, 0 117
Davenport, la 29
South Bend. Ind M
Stockton. Cal 25
Cedar Rapids, la 41
Mobile. Ala 30
Chattanooga, Tenn 210
Ilarrtsbur.4. Pa 25
Ienver. Colo iM
Salt Lak City, Utah IU
Bldgs. Est. Cost.
S 30. 4.10
Tungsten Lamps Arc
Displacing Other Units.
for store illumination, because of their wonderful efficiency.
The Tungsten lamp radiates two and a half times as much light
as the ordinary carbon incandescent vrith the same amount of
electric current. Its filament is made of a rare metal -which is
capable of IMMENSE BRILLIANCY. With Tungsten lamps
electric light is more economical than any other illuminant,
when you consider the net amount of useful light obtained.
They cut the cost in two. Let us show you the TUNGSTEN
lamps and how to use them.
Omaha Electric Light & Power Co.,
Y. M. 0. A. Building. Douglas 1062; Ind. A1278.
ROOFING OF REPUTATION
When buying a roof it will pay you to look up the
past history of the different kinds.
CAREY'S FLEXIBLE CEMENT ROOFING
Has successfully resisted the severest weather con
ditions for over Twenty-Five Years.
LOOK IT ,UP AND BE CONVINCED. WE
CAN TELL YOU ABOUT IT. : : :
SUNDERLAND ROOFING & SUPPLY CO.
1006-8-10 Douglas Street. 'Phones: Doug. 871, Ind. A-1225
n . I
846,305.924. an increase of 2.T60 buildings
and I11.7C8 974 over the sam month a
year ago. or 25 per cent; and the most
satisfactory feature - of the situation Is
that from all sources from which reliable
Information may be obtained, thers ars no
indications of a letup, and it would not
be surprising if the remaining months of
the year ahow an Increase over the pre
vailing activity. The flgurea In detail are
. Prubabiy the moat Interesting feature of
Richmond, Louisville and Toledo, but
building has been going on so actively
tor so many years in these cities that a
temporary quiet spell should cause no
Pta you ten that photographer you
amn t want your picture taken?
'Yes." answered the eminent but un
"Did he take offense?"
.No He said he dion t blame me.
1408 Harney St.
Phone Doug. 1146
The B66 for Rll the Sporting News
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