The sun. [volume] (New York [N.Y.]) 1916-1920, 1919-06-13
ASK BUILDING LOANS
OF INSURANCE COS.
Members Of Mayors Commit
tee Appeal to Governor to
Help the Project.
SEEK COMPULSORY LAW
Want Legislature to Pass
Measure at Extra Suf-
frage Session.

h A request that the housing situation
be taken UP under q supplemental PROF.
lamation ut the forthcoming special SEES
sion Of the Legislature was sent to Gov.
Smith last night by Nathan Hirsch.
chairman Of the Mayors Committee en-
Rent Pronteering.
Some members OF the Legislature
have pretty accurate information relative
to the finances OF the life Insurance. COM
panies." Mr.. Hirsch said to reporters
There seems to be no reason why al
this coming special session there canno,
be law enacted requiring these wealth
gathering institutions to support the
building loan market to some extent"
Mr. Hirsch believed. he said. that tie
legislators would easily be able to
formulate remedial laws from the mass
of data collected by the Reconstruction
Commission. He urged the passage Of
the Dodge bill permitting single family
houses in Manhattan to be built over &c
accommodate three or four families.
Regarding his committees investixa.
ton Of insurance companies. Mr.. Hlrscf
said
There 10 no disposition on our part e
do anything inimical to these great In
situations. We are not directing our at
| tention to any particular company Of
individual. but want to correct system
which 1t is believed is improper
Life insurance companies, UP to &
! few years ago, were deemed successful
| all -
ments amounted to $50 per cent. 4
couple of years later the net went u
4.b8 per cent. They are all on n 3 pc
cent. basis. consequently anything the!
| earn above per cent. Is in excess o
their requirements.
1.-THE hve great companies operating II
| New York received $2o4,165,420 NOR,
than they paid out In 1917. 1t does no
seem unreasonable to me to ask the mel
in control to invest at least so per cent
| Of their annual surplus In good mortgag
\ loans in New York city"
| Thirteen OF the twenty-five familie
living at 436 williams avenue. Brooklyn
were evicted yesterday as a result of I
rent strike against the owners. Mrs
| Hyman Baum, an evicted tenant
screamed that II was "inhuman" an,
that she had no place to go when he
furniture was placed on the sidewalk
Her five children, the eldest II. groupe,
themselves about her IS she told sympa
thetic neighbors that her husband wa
out OF work and that she had no money
| The police started to take up O collection
but she refused to accept aid Member
OF the Brooklyn Tenants Union sal,
they would put Mrs. Baum's furnitur
In storage and ind quarters for her an,
her children in an adjoining house.
| A letter written 10 the Mayor by Mis-
Marie Wells said she had been paytn,
s95 q month for two unfurnished room
and a bath at 500 West Eighty-sixtl
street. She said she had received motto
from the Watt Investing Company tina
beginning October 1 the rate would b
$3.50 monthly. An investigation was re
| quested.
/ There 70 also trouble at,T2s Riversid
Drive, where one tenant complained tina
he was being asked to pay $1,000 yearl!
| for an apartment which rented for $75'
in 1916. He said the flfty-hve tenant
there had received notices of similar in
creases.