Every evening, Wilmington daily commercial., 1919-12-16

houses last year. He announced willing
ness to spend on the houses all the
revenue above five per cent interest oI
his investment He said the real estate
is assessed at $3.50. The rent was in
creased in 81 installments ito make y
easy for the tenants.
William y. White estimated that q
1903 Adams street were assessed at III ,5oe
/ DIR. Dole could have the house repaired
and obtain six per cent interest on ms In
vestment without increasing the rent
DIR. Dole said he had suffered;
Councilman Mearns declared DR.. Dole
had not suffered too much IT he lowered
the standard of living as MIR. Prltchett
represented.
per month 1903 Adams street, II assessed
nj 81 500 and not counting repairs, de-
nreciation and Federal tax, would produce
revenue equal to little more than IA
per cent interest on the investment.
DIR. Dole said that meant he would
have 10 sell the house to live His living
costs more than he receives in pastoral
salary.
GUY X. Ford thought DR. Dole should
be compensated for business.
DIR. Dole claimed that he was entitled
10 six per cent interest on his investment
and six tn ten per cent compensation for
business.
Councilman Lyon asked DR.. Dole if he
were IN the real estate business
DR.. Dole replied in the negative. He
said if the Federal government had pre-
ferrcd charges against him it would not
have hauled him up in public, but would
have sent an agent to examine his books
Tie thought rent profitecring should be
stopped and said the committee is doing
good work, but suggested that it engage
an accountant and save innocent men
from publicity. lie had been panied not
because of his church, but because of
friends who are ashamed of him Had an
accountant examined his books he would
not have been hauled before the commit
tee; the accountant would have reported
mot guilty OF unjust rent. He had been
deeply hurt, deeply smirched The ac-
countant would have saved him from
being brought IN q semi-quasi criminal
proceeding
Mr. Pritchctt announced Willingness
TO pay $50 per month for 1908 Adams
street if it were in Evsble condition.
Or Dole asked if MIR Pritchett wanted
tho house repaired immediately.
Mr.. Pritchett suggested that DIR. Dole
inspect u.
Dr Dole said he would have t~r plumb
ing repaired, but he could not do anything
else
Mr. kurtz asked why Or Dole did
not sell l403 Adams street and put the
other four houses in good condition.
Dr Dole said ne would have to sell five
houses
Councilman Lyon expressed belief that
Dr Dole j. honest, but thought he Is
handling tho many houses.
DIR. Dole, replying to Mr. kurtz, said
he had mortgagcd tho five houses for
S6,OO0 He stated troIlcymen had offered
S16 each for two of the houses and one
man had offered SIS for another, but he
had decided 70 stand by the present
tenants
Ms Mcdowell objected to paving
S24 for l40l Adams street because two
rooms need papcring She has occupied the
house for three years, leasing il when the
rent was Sl7 Her husband had repaired
and repalnted the house, but ceased inn
proving il when the rent wss increased
to x24 In three years Dr. Dole had a
sink and boiler ircd and provided new
steps.
Mr. Lockwood tenant Of 1905 Adams
street for 70 wears, long enough TO own
H. he ssid. oblerted to increase Of rent.
Tie said no money was spent for repair
ing the house last wear, he made repairs
tai be got tircd
Dr Dole said nc dld not know the plumb
ING was out 81 order
Mr. kurtE stated Or lole would not