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WINNETKA TALK November 3, 1928 Have funds to loan on choice im- proved North Shore Suburban res- idence property at 5% % interest. See us on renewals. E. G. Pauling & Co. 5 N. LaSalle St. Main 0250 51,9 MONEY | N. U. SELLS PROPERTY Northwestern university has sold 100 feet of riparian right property on Michigan avenue, Wilmette, to Harriet H. Case for an undisclosed considera- tion. Florence Cook of the Bills Real- ty company represented all parties in the deal. for Future 8 THE TREND IS NORTH Highland Park Property Values Are Now Favorable for Present Purchases, With Prospects HARKNESS and BYRN HIGHLAND PARK 2542-1769 Increase N. Sheridan Rd. TELEPHONES Wilmette Chapter Asks Co-operation in Sunday Closing The Wilmette Chapter of the North Shore Real Estate board at its October meeting took action on the Sunday closing problem. It was decided to send letters to all builders in Wilmette asking their co-operation on Sunday closing. Chairman Burroughs suggested that adjoining Real Estate boards be writ- ten to requesting them to notify their members showing property outside of their own territory to conform with the rules of the board in which the prop- erty submitted is located. A motion was made and seconded that a letter be written to the trustees of the Village of Wilmette requesting that the building ordinance in the busi- ness districts be modified. To make a bedroom door distinctive it may be painted a different color from the rest of the woodwork in the room. Any color that will harmonize with the furnishings. The panels should be painted the same color as the woodwork. SHAWNEE COUNTRY CLUB $375,000.00 6% First Mortgage Serial Gold Bonds CLOSED MORTGAGE Description of Bonds (a) Bonds dated May 21, 1928. In- terest payable semi-annually May and November 21st, at the office of Smart & Golee, Inc. nston. Coupon bonds, denominations $100.00, $500.00 ToL pats apo eo bie on aly in: upon y y8 notice at 101 and interest. Payable as follows: $10,000.00, May 21, 1931 5,000.00, November 21, 1931 5,000.00. May 21, 1932 5,000.00, November 21, 1932 6,000.00, May 21, 1933 , November 21, 1938 7,500.00, May 21, 1934, and $7,500.00 due every six months there- er with the final balance due in ten years from the date thereof. Location (b) The Shawnee Country club fis located at the northwest corner of Michigan and Lake Aven Wil- mette, on choice property overlooking a small park and Lake Michigan, having a frontage of 243 feet on Lake Avenue and 300 feet on Michigan Ave- nue. The Club adjoins the better residence section of Wilmette and is one block east of Sheridan Road. Deseription of Building (c) The issue is secured by a direct closed first mo A and a fireproof bricl that will be a beautiful addi- tion to the neighborhood. The build- ing will contain a swimming pool of ceramic mosaic in gay designs, 40x100 feet with removable glass roof, and a loggia for spectators to view the pool. Price 100 and accrued interest to net 6% from date of delivery WE RECOMMEND THESE BONDS FOR INVESTMENT CITY NATIONAL BANK & TRUST CO. Evanston, Illinois NILES CENTER STATE Niles Center, Illinois The ground floor will contain a large bowling alley, handball and squash courts, billiard rooms, library, card rooms, lockers and showers for men and women. The first floor will con- sist of a large ballroom of surpassing beauty, dining rooms, luxurious lounges and lobby. There are living rooms and servants' quarters on the second floor. tractively landscaped with courts at the back. (d) The Clubhouse is now in course of construction and will be completed by March, 1929. Ownership (e) The land and clubhouse is the property of the Shawnee Country Club, an Illinois corporation which is the combination of the old Ouilmette Country Club and the Evanston Country Club. The Board of Direc- tors is composed of men well known in this community. (f)_ The Trustee for the bondholders is Evanston Trust & Savings Bank, an Illinois corporation duly aiithorized lo tennis accept and execute trusts in of issue. SG Bi for the. builds Other Safeguard 3 e Architects for the building (1) A Mortgage policy has been is- are D. H. Burnham & -» J0C., sued by the icago Title & Trust Chicago, and J. B. French Co. Chi- Company for the full amount of the cago, are the general contractors. bond issue, guaranteeing that the Valuation Trust Deed conveys an lute first (h) The size of the lot is 72,900 square feet and a Certificate of Valua- tion in writing is on file at our office, giving the land underlying this issue a valuation of $210,000.00, signed SMART & GOLEE, INC. Evanston, Illinois BANK Burnham & Co., Inc, have issued a statement valuing the improvements when completed at $455,500.00. Valuation $665,500.00. (1) This loan is made for the purpose of erecting the Clubhouse and the roceeds will be paid upon certificates, - 'issued by D. The grounds will be at. a ioots, (3) Smart & Golee, Inc., does hereby unconditionally guarantee the pur- chaser of any one or more of the bonds herein described, that the build- ing now being erected and herein described will be completed free and clear of all prior liens, reserving the right, liability by the re-purchase of said botids at the original purchase price date of such re-purchase. (k) We further certify that no officer, director or stockholder in this corpora- tion has any interest in the property herein described except as the house lien for the full amount of the loan. (m) Fire held by us for the protection of the bondholders. b, SMA John F. Hahn, of Evanston. D. 24 by Christian J. Golee, Vice-President. EVANSTON TRUST & SAVINGS BANK THE WILMETTE STATE BANK Total Purpose of Loan H. Burnham & Co., Inc., Guarantee however, to discharge such th accrued interest thereon to the and tornado insurance is RT & GOLEE, INC. Evanston, Illinois 'Wilmette, Illinois GLENCOE MAKES SPURT TO HIGH BUILDING MARK Twenty-seven Permits Issued for Total of $303,840 in October-- Twelve for Residences Twenty-seven building permits were issued in Glencoe during the month cf October, which, including one for the Glencoe State bank building, costing $70,000, brought the grand total for the month to $303,840. Twelve of the permits were for ncw residences costing $216,500; seven for private garages costing $3,860; six for remodeling jobs totaling $8,480 and one for a two story and basement garage and servants' guarters, which J. R. Montgomery is building at 15 Green Bay road, costing $5,000. Permits for the residences were is- sued to H. E. Jonas, who is building a two story brick veneer at 1055 Bluff road costing $20,000; W. F. Wash- burn, for a two and one-half story brick veneer at 720 Grove street, cost- ing $16,000; two to Mrs. Sadie Cowan. one being for a two-story brick ve- neer at 459 Oakdale avenue costing $20,000" and one for a two-story brick veneer at 234 Vernon avenue costing $14,000: two to Frank Seiden, who 1s building at each of the following num- bers, 265 and 273 Hawthorne avenue, a two-story brick veneer costing $18,000. Two to C. E. Olewine for two-story brick veneer residences on Valley road, one at No. 929 costing $14,500 and one at No. 935 costing $16,000; Albert R. and Elizabeth H. Gates, for a two and one-half story, face brick veneer resi- dence, at 248 Hawthorn avenue, cost- ing $22,000; R. E. Crosby, for a two- story brick veneer at 496 Woodlawn avenue, $14,000; A. IL. Jackson, two- story brick veneer, at 1038 Elmridge drive, $24,000; Mrs. G. P. Fuller, two- story stucco residence, 564 Woodlawn avenue, $20,000. Appraisal Men to Draft a New Code in Chicago Nov. 8 Proposed canons of ethics to govern the appraisal of real estate and a pro- posed detailed definition of standards of practice for the professional real estate appraiser will come before a meeting called by the National Asso- ciation of Real Estate Boards at the Drake hotel in Chicago on November 8. The meeting will be a meeting of the executive committee of the Asso- ciation's Appraisal Division. The Division through a special com- mittee is now drafting provisions to complete its code of ethics for real estate appraisers, a major portion of which was adopted by the Division at a meeting held in connection with the Association's annual convention, in Louisville, Kentucky, in June of this year. The Division is drafting not only a code of ethics but a definition of terms in use in the highly special- ized work of the professional appraiser. Henry A. Babcock, of Chicago, chairman of the Division's committee on ethics and standards of practice, will report to the Division the text of tentative provisions of the code as they have been drafted by the special committee. The meeting of the Appraisal Divi- sion's executive committee will be held simultaneously with meetings of simi- lar committees of the Association's Brokers Division, Home Builders and Subdividers Division, Mortgage and Finance Division, Property Manage- ment Division and Farm Lands Sec- tion. Work of the Association for the coming year in each of the specialized fields of real estate represented by these Divisions will come before the executive committees. hari vin i