The Washington times., 1920-12-23
ADVISES WAGE CUT
AS AID TO HOUSING
Senator Calder Asserts Labor
Must Accept Less to Slim
uIate Building.
CONTINUED from First Page.)

Continued from First IaBe.)
cent OF sn<ings deposits mny be
loaned on mortgages.
deduction OF high taxes.
Tax exemption for Incomes from
mortgages.
Creation Of the issuance of tax
empt securities.
Creation Of a home loan banking
system.
Cancellation of nil transportation
priority orders.
EstabIishm ent of n department OF
construction.
Discussing the fuel situation, Sena-
tor calder reiterated his previous
statements that coal profiteering must
be checked by the Government.
"Private interests no win control of
Private interests now in control OF
coal are actually unable to prevent
continuance and repetition or the
present deplorable situation, and 1t Is
the duty Of the Government to take
such reasonable and practical steps
as, it may to remedy the situation,
Senator Calder said. He urged as the
first step in suchsa program the es-
tablishment OF a Federal agency. to
which all coal producers would sub
nit complete reports on prices, dis
tribution and production.
OPPOSED TO SUBSIDY.
Senator Calder opposed subsidy for
home builders and declared that this
has been done in France and England
but that some day England will face
a condition, in attempting to pay It's
housing bonds. that Will, unless ex-
traordinary steps are taken to pre-
u l., L. hN.St aas
and social fabric"
"The construction of houses is like
every business, based entirely upor
the profit in the venture, and mer
will build houses again when they
can see an opportunity for gain,' Sen
ator Calder declared.
Issuance by the States of bonds
for public Improvement have beer
unduly encouraged" under the present
Federal taxation system. Senator
Calder said. These securities ar.
issued tax-exempt and have resulted
in Taking from the mortgage field
almost completely the private In
weston" thereby reducing money
available for building purposes. the
Senator declared.
IT am informed that the Marshal
Field estate in Chicago and the estate
Of Hetty Green, both of whom form
erly loaned heavily On real estate
find their incomes from this source
less than per cent, and they are
diverting their capital funds to more
lucrative Investments"
WOULD LOWER RATES.
when the present revenue laws
are revised, not only should the high
rates be lowered, but l would pro-
taa. nf fnt IN n r,f
municipal bonds should at least b.
subject to normal income-tax rates.
Senator Calder said.
Labor is big problem" the Sena
tor said. "There is no question that
labor has been inefficient since the
war. I think ii is fair, however, to
say that in recent months the eff
cheney of labor has increased. There
is evidence that we are approaching
period when living costs will be
reduced. When that time comes la
Dor must share its part"
Senator Calder urged steps to in
crease the training of skilled labor.
ACTION IS DEMANDED.
Priority orders have RETARDED
business and discouraged building
Immensely during the past year,
Senator calder said, and he advoca-
ted the vacating of all priority or
ders.
Declaring in conclusion that II is
time for the Government to pay
closer attention to the housing situa-
ton and human welfare, Senator
Calder said:
would II not be better to act now
than to wait and have the people of
America rise UP in discomfort and
demand that the Government itself
20 into the building business7"