Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1920-10-12


even If building were fully revived, 1t would
be at least two or three years before the
| house shortage here and elsewhere through
! out the country could be overcome.
For that reason the plan for an inter-
| city conference proposed by Councilman
Roper, in order that comprehensive scheme
| of housing relief for the entire state may
be proposed at the opening Of the legislative
session in January, is timely even If it comes
late.
II is mistake to think or talk Of housing
from tho viewpoint of the individual owner
or tenant alone. The question is one that in
the end concerns the whole community. The
growth of the city has almost stopped. The
new population which ordinarily would find
place within the Philadelphia area is
being scattered in n radius Of about thirty
miles. 1t is the city that must pay the final
tolls to the proitcers.
Can n Legislature mp to its ears in fac
tionalsm and distracted by the political am
bitions of its members really help to any
great extent in this instance?
y state bond issue has been proposed for
the benefit of builders who have insisted that
they found it impossible to borrow money
on fair terms. 1t has been suggested that
the state crente revolving fund from which
individual builders might borrow at normal
in''I'"'' - pan thaI hau many lrlehds
w"uld proVioe Tor ia" exemption OF new resi-.
ochtlal puiidlngS from taNation Tor period
of five or ten years. That arrangement Is
,,isi,,s os,oh,;shod .. i,srn tLo oo,oIi., %
all tax laws.
pond. ro,,,1 \, >,o.oo,oJ h., .ho ,.o,,,o,
created under them. If they were to be
s,Iob,o eor,o r,oora ,.o,Id haro 20 ho to,,,d
~ ;ns,ro tha ro.,,ono,,",. os tio.o ,oi,,oS Is
pubIic ,rono, ,rorn to ho ;r,o,tod ,a - ,r.a
nro,osoJ 20 ;rvoo. :, ;n Tou. Vor,, ~ ia
homo buiIdors a ,.o,. ,o,,1d Loro ., ho fo,,,,J
., rrotoc, sroh r,o,o,. or,o;,,st s,t,ro .r,,,,,a
iw tho vaiuo ~ tbo socrritv '''''''
croot dool No., boo,, soid ,o,,o,,., J.,
cri,icism of tbo bnnLs NM, tho ha,,l,ou. co.,
thoir oIoofroes fror, tho rooI ostoto ,,a,,,ot
Yot ,hn SARA 70 - ,,oro 20 90 into tLn -
ycst,,ont hrsinoss u.ou,d Loro o. fo,Ia,, tLo
cvor,nIo ~ tLn b,,,ls if Il uoro rot -, i,,,nI,
thot nuhIir ,,ouev IL so,noLou, Ioss yoIrobIo
md loss WORTHY of nrotortion tbon tbo ,on,,n,.
of nrivoto inyo.tors I'ndor tho Io,,..
r,o,t ~ tbo atotos tLo honI,., ono ,,n,,i..,i
n irvc,t az nor oort of tboir rosn,,rooa l.,
rooi oyt,to mortaoaos ,of tho &c. ai,a''
%ovodors LonLor, Losi,oto 20 ;n,,o,. ,,,u,
than 10 nor conf of tLoir ,ono, n mo,,.
,rn,ortios ord s,,,o of tLis ,,oro- J. ro,.
nj intnrnSt rotoe ohoro mammal no,l,o,,
oir, 81 oorroo 20 ,rotoot ,hoi. Jon"ai.aaa
ocoirs, ,rddcr doc,inoS In tLo nroso,, nv,
orol roIrotiors of rool o,toto
ih're VIII sooner or iater pe d""Ilne IN
property values but II VIII not be nearly so
great as some people IKE 10 benrve' LABOR
u !" per cent factor III uullhlhg OF the
Ordinary sort In the tutUr"' when all mar
kelS settIe' thert hlay DE some decIlnc IN
wages Dut 1t VIII not come tor long time.
IT, therefore, the cost OF building drops 10
or l' per cent IN the next two years 1t Will
b" pretty near the hmlt attalnao!e by cheaper
mat"rlnES and some slight readJustmcnts in
wag" scales
that side of the question Some few Of
them have proftcered. But tight money in
the real estate market usually reflects moth
ing but the desire of conservative iinanciers
to invest their resources in securities which
represent stable and permanent values.
Hearings before the Legislature Of New
York mad" il clear that emergency relief for
pcopl" and communities that are without
adequate housing facilities is by no means an