The New York herald., 1920-01-18
FIRST BANQUET OF
NEWARK BROKERS
Build More Homes" Slogan of New
Jersey Realtors-Acute
Shortage Exists.

Charles F. Kraemer. president of the
Real Estate Board of Newark. at the first
annual dinner OF the organization, at the
Robert Treat Hotel last Wednesday, made
an appeal to the great army of mechanics
and laborers of that city who built homes
for the people to cooperate with the rea
estate men and investors to meet the de.
mands of more than fifty thousand persons
now clamoring for homes.
The people of Newark, Mr.. Kraemer
said. are awake TO their opportunities
They are determined that nothing short OF
the boundaries of Essex county shall be
the limits OF the city, forty feet the depth
of Newark Bay and 100000 the population
of the city.
The real estate men. he declared, are
heart and soul in sympathy with every
civic organza ton for the upbuilding and
the betterment of Newark. Corporation
Is the spirit that nrrst lead TO success. and
is essential to the achievement
of success.
uI.I.A .. Wilson, Secretary OF Labor
spoke on housing and reconstruction. Mr..
Wilson said that when the Department of
Labor launched the "own your home"
and blu Id now campaign last year these
GfOSdUS were CTltlClStu DttdCSt VI lhN 'il6 II
prices OF labor and building materials.
"The Department was actuated by the
conviction that the best way to build up
and maintain patriotism is to have
patriotism rooted in the soil" said Mr..
Wilson, "Bolshev.sm can find no lodg-
ment In the minds of men who own their
own home. This spiritual reason was the
great incentive that actuated us.
The material reasons were these:-
s,..l, fCf or
for peace time operations. New Industrial
centres had thus been established ON a
permanent ba sis in which building had not
kept pace with the demand for homes.
"When we said build now criticism
came that the high prices OF labor and
material would be reflected in rentals and
in the cost and maintenance OF homes
Rentals, Il must be remembered, are mol
so much dependent on the cost of erection
OF buildings as they are dependent on tho
demand for housing accommodations.
"In the New York and Newark district
houses that cost high and those that were
built on n prewar basis command mgr
rents. The only way to get relief Is by
building more homes and hence our slogan
build now and own your own home.
1T is to The best interest OF cities Ike
New York and Newark and otner grea
centres where conditions are similar. tt
keep on building until the building supply
meets the demand.
"The question arises. What will be th'
| labor conditions? Employers and employees
have a mutual interest In producing tn
| greatest amount Of commodities while
the same time safeguarding the health AM
the interests generally OF those engaged Il
production.
III there is nothing produced there J
nothing to divide. II large volume ]
produced there will be a large amount Z
divide. II employers and employees ar
/ wise .hey will sit down AT tho counci
table and arrive az a fair and equal divi
sion Of their Joint production"
/ More than four hundred persons wer
/ In attendance. and there was unanimou
feeling that the year 1890 will be th
greatest in tho progressive development Q
\ Newark and ono CT unusual prosperit'
for real estate interests