The sun., 1901-01-08
Nr Uewttt'~ rltu- TOR Hrncnttng
~otIetN

VI HrV.ru~ -gss"~'IuG. - methods
FOR tn" "yu"uI.'Ir" nf money for fH"
ameIorlror u' -uriI conditions ure prt.'.-
cal and ~" D ..-erNns Of SERIOUS cons. i-
Grafton. both b'.lusn Of their distinguished
SOUR" ant thor Inrru-.. merit, They
are Nr-' rna Improvement ~ me tcn".
ment system hy the demolition Of tie
existing tenement houses tu fhe ieusr,y
crowded districts pf the town and the
constitution IA their u',c" ~ building.
with uuierl sanitary appliances ant {
proper amount o' mr. and space. se.onI.
'ha provision OF k.udrrglrt"ns 20 taxi
'ha I'tl" ,hllr"n from ru" streets. aud.
Jhlri. the .r,ralsa uf homes ior odd men
and women
~ an agency for he tenement hou-"
building he recommend, am association
for the purpose already formed and i"
adds that even the great sum ot on" hun
drad millions would hud lu o. an invest
nen' Welding per cent. IN r"v"uu"
though tho present rental of tonem"nts
was reduced hv onn-half for much better
accummoiatIons But M" inability of
that association 10 g"' IN" necessary
capital indl,are~ that - has not Commanded
confidence \o Investment which IA
these DAYS ~ low rates II interest offers
a good per cent security Will appeal
IN vain 10 capital Mere selfshncsS will
supply an the money ~ moods lo carry ON
Is project
" It j. now. tenement house property
IL not regarded hv great capitalists ~ a
desirable investment Ih" rat" of r"u-
tals IN such houses l. influenced hv m"
consideration of III" trouhl" and uuccr-
raintv involved IN dealing with great
numbers Of NOR" or less wandering or ir-
r.sponsIhl" tenants Moreover the col
lection of rents requires II dcgro" "f severity
IN dealing with poor ponpi" dgaIn>' winch
the instinct Of humanity In landlords =
likely to revolt II. however. a heavily
capitalized corporation should d"vut" IT,
self rn the special business ui erecting iud
renting tenement houses II would h" obi .ed
Ia establish and enforce rules which Wulid
eliminate all such continental oursidrrt-
tlons otherwise II would dcp"n"rat" INTO
a purely charitable cn'rrprr-" mr'ful 'n
socla,v IN generating th. spirit uf pauper-
ism rur th" very sn," "f philanthropy
It would have tn h" managed according
10 strlct business principles
If Mr. HEWITT shall present 4 dotailcd
prospectus to IN" capitalists now engaged
IN foruurg the combinations for 'h" all
mlns,ratiuu of great public INITIATES. -hoH
luy 10 them how they can h,uc'i' hu'h
society and themselves hv ,pN"~rluG the
t,,s tl,
tcncmcn, house districts ~ h" a,'~,rih"s
It Will command Ihrlr attention and 10
ccivc their support. for such opportunities
for profltahl" Investment DO uur - to
waste Al this time
Undoubtedly. he would encounter roa-ou-
able misgiviugs lost the enterprise might
provoke d"magoglr hostility ~ h"Ing uf
the nature ~ y trust which would destroy
the profits " private and smaller land
lords dependent for their living ON tho
income Of tenement house investments
OF course. " il reduced rents 10y one half
for much better quarters It would hav"
that effect ExpercnC" proves that he-
causc a trust lessons the cost Of articles
81 necessity produced by II. or n railroad
combination reduces freights by dimin-
,shing expenses Of management and avold-
ing losses bv ra,ewars. II does not prevent
"A political party from trying to reap
dcmavog,cal profit hy assalling II as hos
tiIo 20 tho public interest Mr. HrwI II :
tenement hous" trust would hav" con
sequences upon fechlc competitors sim
liar 10 those which have been used 10 pro-
woke n popular cry for legislation against
depart nsnt stores,
II actually Il offers the opportunity for
legitimate business investment Of which