New-York tribune., 1919-04-25
Victory f4oai,
To Stimulate
Building Trade
Otto Nj. Eidlitz Predicts
Resumption of Normal
Conditions as soon as
Latest Issue Is Sold

THE success OF the Victory Liberty
Loan will have a direct effect on
building and allied industries. in the
opinion of Otto NJ. Eidlitz, of Mare
Eidlitz & Son, who during the war
was chairman of the Governments
Housing Committee at Washington,
and who through all of the Liberty
building and allied trades committee
of the Rainbow Division of the Gov
ernment Loan Organization for the
Second Federal Reserve District
1T is perfectly natural to expect"
SAID Mr.. Eidlitz in an interview yes
terday (Tuesday), that until the gov
eminent is In a position 10 pay its
honest debts and the citizens of the
country realize that obligation. all in
dustry and manufacturing will be ham
pered as long as we still are laborinc
under the echoes of the world con
fiagration.
The building industry has felt the
scarcity of labor coincident with the
governments priority claims on labor
to prosecute war enterprises The
civil building industry was practically
put out of business" was Mr. Eidlitz's
reply to a question as to how much
the governments reQuisitioning o.
labor had affected the civilian build
ing industry.
Optimistic About Future
AS TO the future of the building in
dustry Mr.. Eidlitz is optimistic The
Victory Liberty Loan, he believes, viii
be a success that will aid business to
regain sound footing for the future
Just as soon as the country has
squared away for business under
normal conditions" said Mr.. Eid-
litz, "and has cleared its skirts
of the farreaching results and obliga
tons due to the war there can be no
doubt there will be resumption of the
building industry, as well as all other
pursuits"
AS result of the governments
Liberty Loan and war savings stamps
campaigns the chairman Of the build
ing and allied trades committee of the
Government Loan Organization fore
sees the birth of a new national pros
perity. People have been taught econ
omy in the use of their money, he says.
They have been taught to be thrifty
also, he points out, with the result
that in spite of the heavy war burdens
of the United States banks have shown
a remarkable increase in savings ac-
counts.
"As a matter of fact Mr. Eidlitz
said, "some owners realize now the
duty to proceed with certain necessary
improvements of appreciable impor-
tance. Architects are receiving in
structions about work laid aside dur
ing the war and plans are being pre-
pared for number of important en-
terprses that will come on the mar
ket Immediately after the loan haa
been taken care Of
Need of Buildings Imperative
"The financing of these enterprises
will, of course" he continued, "be the
crucial point as to whether reason
able amount Of building viii be done,
but the needs of the country of build
ings of every description is imperative;
in view of the fact that deposits in the
banks have grown. rapidly in compari-
son to the prewar days, despite the
large expenditures for war purposes, il
is foregone conclusion, since the funds
are here, that these funds will be used
IN chosen channels of trade and indus
try where the demand exceeds the sup
ply"
The labor and material situation is
gradually clearing itself, Mr.. Edit
believes. "Those interested in real
estate may well recognize the fact that
the item of labor cost is daily becoming
more stabilized" he said. "Wages now
pald, particularly IN the building in
dustry,' he added, will remain at their
present level and possibly 90 higher
Materials during the next month viii
be as low rs they will be for sonc
time to come 1t is advisable from
every standpoint, both RS to demand
Tor buildings, labor and material con
dltions, as we'll as the sound financial
situation, that the normal civil pur-
suits should proceed.
Duty to- Soldiers
In addition we owe II duty 70 those
who are returning from the other eide
TO give nm opportunity for employment
at the earliest possible moment. espe
clally when little VIII be gained aud
much m4y be lost by delay
As chairman Of the Building and
Allied Trades Committee Of the Rain
bow Division of thc government inat
organization. Mr. Bidi'z has nineteen
sub cOtnuitteea under bis supervision.
covering eyety angle of building pui
suits. In The fourth Liberty LoBn hie
coinmitrea oYefsubectibea iheig quota
oi &l,0oO,OoO ~ bJ por cent recurring
total Of tp1t0.ae0 worth r. aubacflp
tions. The committees ara how ~
work OH qDot1 OF 4G.800.00O