The Detroit times., 1916-06-08
HOUSING IS
HOBBY WITH
INGERS0LL
Watch Maker, Here On
Business, Explains
His Plan
EACH WORKER TO
HAVE AN ACRE
Property to Be Paid
For In Small Month
ly Installments

Charles II. fngersoll, or Robert II
lngersoll q Bro, Waterbury, Conn.
tanned far and wide for furnishing
the public with that great necessity
correct time, almost free or charge
40 . Detroit visitor. With his close
personal friend, George l.. Record.
Of Jersey City, one OF the three can
didates for the Republican nomina'
ton for governor OF New Jersey. he
II spending a few days here on pri-
vate business. which includes a visit
70 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-
earded as the almost certain choice
0f the delegates. How that meeting
changed the complexion OF things
- now history.
ft Always actively interested In
politics, Mr.. Ingersoll was the dom
1nant figure in the convention of the
Merchants q Manufacturers asso-
Uiation Of New Jersey, at Atlantic
CITY, and to him Is due the credit
,oe having brought about the franz
1ng and passage Of resolutions ask
s1ng the state to pass laws for the
assumption Of personal property and
improvements thereon.
$ He is deeply interested In the
,Aonsing situation Of Waterbury.
Gem. and has perfected a plan
which he believes will relieve the
Dressing need In that city brought
.about BY the activity OF the ammuni-
s11on makers. Az Detroit Is In the
midst Of . house famine. Mr.. In
.yersoIls proposed solution OF the
problem il Interesting. His plan. in
brief, IL AZ follows:
y .. Form . building corporation
- mobilize funds for immediate use
b. Form Q building and loan as.
ISOLATION a the basis Of permanent
and more especially to
,Ieovide for indefinite expansion OF
Ms plan.
.sls& Purchase q tract or tracts of
Ind from 500 to 5000 acres, accord
Ing TO scope and other facts devel-
oped. g
Il a. Establish q plant for economi-
,cally manufacturing houses, build
ling streets, sewers, sidewalks, and
every requirement OF a municipal
fly.
The purpose OF the plan has three
vital factors.
I. To secure land minus un.
earned increment.
2. To eliminate wastes OF cur
4 rent building methods.
3. To provide unusual terms OF
payment to buyers, 1. e., deferred pay.
aments or installments, and without
). the usual penalties for such terms.
"The idea Is that in communities
,,that are grown up land values
double the cost OF homes, so IL is
proposed to incorporate the tract
4 and adopt bylaws which would pro
xylde that all increment above that
required TO pay interest, taxes and
sYefund the original investment must
20 into common fund to be used
~for municipal improvements" said
Mr.. Ingersoli. This, IL is thought
would take away all incentive e
speculation and provide for every
possible future community need In
-. way never before enjoyed by an,
s1own or city In the world.
: "The process Is worked out 81
that the home of a worker will only
cost him $1,000. On this he will pay
$3.50 per month, one-half going FOL
4 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 60 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 IL one does
mot wish to carry It."
George L. Record was corpora.
lion counsel of Jersey City for eight
years. and when Woodrow Wilson
was nominated for governor, he ad.
edressed to Mr. Wilson a public let.
ter. calling upon him for a declara.
lion OF his stand on the primary
law. workmen's compensation ques.
ton. the supervision OF public utili-
Hes 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 10000 majority
while corporation counsel. Mr..
Record fought TO pass a law com.
<pellinE railroads to pay taxes and
mas successful. thereby putting S..
40 900 into the state treasury.
~ During the era OF ballot box cor.
M. 49,