The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1916-06-08
HOUSING IS
HOBBY WITH
|NGERSOLL.
Watch Maker, Here On
Business, Explains
His Plan
EACH WORKER TO
HAVE AN ACRE
Property to Be Paid
For In Small Month
ly Installments

iue pupllt Win NHhl kEfdt utt-fSSils {,
correct time, almost free OF charge,
Is Detroit visitor. With his close
personal friend. George l.. Record,
OF Jersey City one of the three can.
didates for the Republican nomina.
tion for governor of New Jersey, he
Is spending "A few days here on pri-
vate business. which includes visit
10 Henry Ford.
The making OF dollar watches Is
only one and perhaps the least I'M
portant OF Mr. Ingersoll's activities.
He is the man who brought about a
meeting between William Jennings
Bryan and Woodrow Wilson shortly
before the Baltimore convention OF
1912. when Champ Clark was re.
garded as the almost certain choice
OF the delegates How that meeting
changed the complexion OF things
Is nov history,
Always actively interested in
politics. Mr. Ingersoll was the dom.
inant figure in the convention OF the
dSFb-
citation Of New Jersey, at Atlantic
City, and TO him Is due the credit
OF having brought about the fran.
ing and passage OF resolutions ask
ing the state 10 pass laws for the
exemption Of personal property and
improvements thereon.
lie is deeply interested in the
housing situation of Waterbury,
Conn. and has perfected plan
which he believes will relieve the
pressing need in that city brought
about by the activity OF the ammuni-
: tion makers. A. Detroit is in the
midst of q house famine. Mr.. In.
gersoll's proposed solution OF the
problem Is interesting His plan. in
brief, IL IN follows:
a. Form "A building corporation
to mobilize funds for immediate use.
b. Form building and loan as.
ISOLATION as the basis OF permanent
financing. and more especially TO
provide for indefinite expansion Of
this plan.
c. Purchase a tract or tracts OF
land from 500 TO 5000 acres, accord.
ing TO scope and other facts devel.
oped
d Establish a plant for econom!-
cally manufacturing houses, build.
ing streets. sewers. sidewalks, and
every requirement of a municipal.
ity.
The purpose OF the plan has three
vital factors.
I. To secure land minus un-
earned increment.
. To eliminate wastes OF cur.
rent building methods.
3. To provide unusual terms Of
payment 10 buyers, 1 O., deferred pay
ments or installments, and without
the usual penalties for such terms.
THE idea Is that in communities
that are grown up land values
double tho cost OF homes, so II Is
proposed TO incorporate the tract
and adopt bylaws which would pro-
Nlut lIdN All dbONt NtAdA
required TO pay interest. taxes and
+ refund the original investment must
go into a common fund to be used
for municipal Improvements said
Mr. Ingersoli This. II is thought,
would take away all incentive TO
speculation and provide for every
possible future community need in
q way never before enjoyed by any
town or city in the world.
The process is worked out so
that the home OF a worker will only
cost him 81 900. On this he will pay
sS33 per month. one-half going for
interest and the other half applied
on the principal. and In 20 years
the place will be free and clear.
1T is proposed TO build this home
upon an acre OF ground, so that the
worker may have the physical and
moral health which go with outdoor
life and the financial profit which
gardens will give.
For the investor Il is the safest
possible investment, which may be
funded in various ways II one does
not wish to- carry It,"
George l.. Record was corpora.
ton counsel OF Jersey City for eight
years. and when Woodrow Wilson
was nominated for governor, he al.
dressed to Mr.. Wilson a public let.
ter. calling upon him for a declara-
ton OF his stand on the primary
law, workmens compensation ques.
ton, the supervision OF public utill.
ties and 10 other subjects. all deal.
ing with the fundamental principles
OF the governing Of corporations.
Mr.. Wilson responded TO the entire
satisfaction OF the people. and he
carried the state by $4,000 majority.
While corporation counsel. Mr..
Record fought to pass law COM
polling railroads TO pay taxes and
was successful. thereby putting S..
100000 into the state treasury.
During the era of ballot box cor