The Richmond Virginian. (Richmond, Va.) 1910-1920, 1919-04-06
|5 IND LONG REAL
ESTATE MORTGAGE


1Skx MAKE satisfactory study oil
6eS L ~ n suOs4is.tion VI Loans.
3swpsnis az rerunstructson are IN
h xSsNNfy satisfactory from the point or
NJ those nho advocate methods
u 5kM IMPOSED III The inertia or custom
IN MI Bfis issnn af nsahl,r works ard cor.
Hss SS.fssss ,.ssvstInpnien 6xsfrs ns* IN
lSX@1Nfrfunsts 10 discuss new nethoua
fgsr torn p.swrs building loans and long
Ii IA M vrssi estate MORTGAGES IN CON
d ssNcfskh wssh campaign IN st&'hh-
\ s8tM xctssity in the building INDUSTRY.
10r this rea scn much satisfaction u
Inexperienced for the progress mat 'n'
Il AAsNr&tan ftankers' association ss max
4 In yn aTeance the methods Of N
\ sA fnksansi investors IN rsai esta'"
D t~*nk as oarostd to custom
Atno.sizastcn nj loans is the pr'o
ssrsrfe rpen which emphasis u place"
Ar mselc0 which will:
Il Nsas avstiable greater tufn
ss.Ar M funds for reinvestmeni In The
rs.ssrer ACTIVITIES " tte building IN
q a..x s.ss
\. rersoer that element ~ specu'a
sss.~ rroa. she risk Of investment mat
HI. $3.50 seiies IN vain upon an ap
s~.sa.sss Ter in the value OF land ic onset
sS@ ~srse8a t*sf. IN The value of structures.
ssepleH8eh the reservoirs o. hn-
s.srs - eitsl. hs encouraging thrift
.fs* hsrrewer 80 tina the supply
90 fsa4ers ynent funds will fow uniu-
ssrvrnnfrdiv IN reseonse 70 require
rs,Ass y. the builders ~ national
vealth
MT rna~ne significance IL the fact
that tn. american Bankers associA
ticr cern eeittee III charge OF the cam
srsxr far amortization tueiudes
arnortst vs. members prominent rep
rssenfaslv from the United States
Is~axue OF building aud Lean a%@ooia-
ff1ns 7hi~ Is as II should he, for ING
4 r~AAcn thS. he fund@ for investment
ssfn rNas as;nte loans provided ny me
( Fusi6lnr asa@ Loan associations OF the
q ~ sfnifs1 State. betf IN respect te the
syssxourt Of CAPITAL contributed and in
ssesDees % is direct effect upon the
snr0eOAritv ~ the building Industry Is
M lAtdvNsy AZ important as the am ounl
rontfibuted hY the stat" banks ana
trust COR panie< com bIned. or the in"
sst~wnc~ companies alone.
II Ranad changes are developing, not
Aa..sly hi methods ~ banking terhn'c
shat toucis he public, Changes with
II, tbs banking system itself due 10
#4hN tandencs. for banks OF All types
RSgAduaify 70 merge their activities into
s4~svN rise II. the belief that fnrcS
HssSxffoed for investment In mortgages
80 lDnxer will follow old channels IN
seneif customary volume. TheF'
ss~t. awres are said TO he the Gauge o.
ssxA1ured Investments by new mem "
res institutions in real estate loans.
Rufre~ ions alreadv have been adj
|ss..s ! sd FROM more than one quarter,
rst the country needs 10 deVetoH a
Ssh - Yn%dsurs similar To the federal
ss.i.sH soan tsoard. that should devote
~yecssf attention SO temporary
Inning leans end long time real
us4 Mortgages In our elites THIS
3si1ssa~ly IL the function OF mort gage
3sas.~ WIN then make the com mend w.
sssf@ a~n iil advance. Of applying the
f-sIyagAs ct amortization to city real
sssset4 loans anil omit providing an
as~-nksefy broad national market for
u dssi~ah biz form Of investment
SIS has. oar federal farm loan sys~
.9s wrv them discriminate against
asssA 9-~s essstA loans OF city origin
sssie altrnfrg them 70 be crowded OUT
As sssAss tha aid channels ana arteries
&C s.syea member banks. simply De
sa.s.~. hs~n nrteries are becoming
-$Ys ~ rapiflv 10 the elements OF
s~serc'u al circulation. without sub
rs.ng some new machinery for
nm - IA q e,34 ~, etsatier The appltca
~ irritation principles is an
at4 Aas. n A. ~tnp towards siahdardixine
Rssx. uae.hn4s fo, handling mortgage
y< srstiaS ana should afford sound
I HI IN upon which 10 establish RED
Sgvri Nsor'eape hank and to safely issue
III fsroati 'lncs under government sup
Nr stx'on. real estate dehentures ana
AZ lateral trust bonds,
Tha United States league OF Build l.
StNc Rnd Loan associations have been
1 ia 4 frularls active in impressin< upon
gffe government the need for new
medium 70 he called the Home Loan
herkk fha: via standsrdize mortgage
vn.la te,ai and create broad market
;s1as The s.tarit ies based thereon IT
s,in grAtifyins IA know harmony Of In
l*sr-eM prevails between the American
1 8Snkers association and United states
I lsAa que OF Building and Loan sssocia-
ttcns In The matter OF amortization,
and we mas not be very far from the
mark when we infer the possibility
that the points upon which these two
I Iatefests agree may ultimately in
siHde the need for establishing fed
Nrai nlortea &c bank.
Nor is this possibility so remote
I'M ne interpret the evidence correctly
III the March - Bulletin, issued by
fh@ savings bank section of the Anteri-
stMn Bar kers' association to the state
NOmntittee on the amortization or
/ naUrtJtA loans. The bulletin develops
/ ne history for long term mortgage
46foAd down to the establishment of
1hc Credit Foneier De France. record
lng THAT before the war this institution
YAs Altering to lend on mortgage for
/ Nevknr.- years at 4 ; per cent rius
gsAn am0rtiza ion premium We are told