New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1920-03-23
Record Crowd
To Hear Rent
Bills To-day
Continued from PAGE one

between the legislators and the realty
and investment interests on Friday
night was most discouraging. because
Of the danger that building will not be
resumed. The Mayor and the commit
tee are anxious to do all that is pos
sible to give capital security and en-
enlargement, but, after all, it is the
immediate crisis that is most impor-
tant, and we cannot afford to evadc
meeting that crisis in the hopc Of
stimulating the building of houses that
will not be ready for year"
The Central Federated Union will
be represented at Albany by it's presi-
dent and secretary, Edward l. Hannah
and Ernest Boehm, with a small dele
cation of other officials.
The various tenants organizations
will produce the big crowd. One of
the largest delegations will be that
jr A. B. Simonds, E. V. Bradbury and
Peter Wynee. Mr.. Boyle said last
night that there would be more than
600 in this one delegation. 1t will meet
in the concourse at the Grand Central
and march to the hearing in a body.
The organization has been completed
under subcommittee of the Repub-
lican County Committee of the Bronx.
Delegations from the Tenants League
and other similar organizations are
expected to bring the total to 1900.
The big delegation representing
landlords will be that Of the United
Real Estate Owners, of whom Stewart
Browne, the president, predicted yes
200. This delegation will throw it's
strength to the attempt to block the
restrictive measures, and to have
passed instead of the Black bill, Civ
ing tenants now holding space without
written leases. the right to remain a
year without increased rent. Mr..
Browne himself will advocate the meas
urc fixing the return on rented prop
erty at 20 per cent Of the assessed
valuation of 1919, the proposal which
raised such a storm at the meeting of
the association on Sunday.
To Fight Mortgage Taxes
The Real Estate Board will be rep
resented by Alexander McNulty. it's
counsel, and Edward R. Doyle, both of
whom went to Albany last night.
They will make final attempt to head
off such legislation as would prevent
investment in building, and seek the
repeal of the present taxes on mort
cages Amendments to the present bills
will be offered in the hope that
a compromise can be reached that will
permit permanent relief, and at the
same time curb the profteerng evils
which are recognized by the old line
real estate men as we'll as by others.
The attitude of such owners on the
pending legislation was expressed yes
terday by Franklin Petit, president
of the Realty Company of America, at
2 Wall Street. The company has been
planning to erect thousands of apart
ments for rental at moderate prices
in the Long Island City district, and
the carrying out of it's program will
depend on the legislation enacted.
81 can hardly believe that the dras-
tic, restrictive and probably uncon-
sttutional legislation which has been
made part of the program to be car
ried out at Albany concerning the rent
situation can be seriously considered
for passage by the Legislature" he
said. However, it appears that under
the great pressure which has produced
state of hysteria, several bills which
undermine the fundamental principles
OF property rights are about to be
passed.
"The pity of it all is that this very
action on the part Of the Legislature
will impede the progress of move
ment, which at least had a good start
for construction of new fve-story
buildings, which might have provided
housing for thousands of families.
Many Of these buildings might have
been ready for occupancy in six or
seven months and great many more
in from twelve to eighteen months
This movement for new housing will
be nipped in the bud if this legislative
program is carried out.
Black Bill Indorsed
"The real estate interests have been
asked to suggest other appropriate
legislation in substitution for these
drastic measures, and fault is found
because they are unable to do so.
They are all in favor of bill which
would protect the tenants from having
their rents raised from month to
month, along the lines of the Black
bill or some similar measure, but they
cannot be expected to offer any legisla-
ton which interferes with full rights