davidaulloa/AmericanStories huggingface dataset:
Evening star., 1921-08-20
"OWN-YOUR-OWN-HOME" PLAN
URGED AS HOUSING SOLUTION
Housing Committee of Real Estate Asso-
citation Recommends Building Of One
and Two Family Structures

Of one and two family houses by
their prospective occupants" Chairman
Smith points out. =
Report Gives Recommendation.
The report of the housing commit
tee Included the following recon-
| mendations:
That a fair wage be returned for
well-earned labor consistent with the
maintenance of modern dwellings, as
demanded by our present civilization
of housing codes.
/, That plotting of subdivisions. with
out some financial aid being assured
| to purchasers desiring to erect homes,
be discouraged.
That an amendment to the federal
reserve act. to permit the Federal
Reserve Board to direct the use of
savings and time deposits of national
banks for longtime loans, thus CIV
ing such deposits greater security
! and, supplying a source of lonE-term
money for home building. be proposed.
That a home loan bank bill to pro-
vide for district home loan banks.
which may sell. under federal super
vision. bonds secured by the aggre-
gated loans deposited by the member
banks. be passed.
That an amendment, limited to five
years. to the revenue act of 1918. to
provide for the exemption from eX-
cess profits and income taxes of the
houses where such profits, plus an
equal amount, are reinvested in
dwelling house construction, be pro-
posed.
Should Aid Building.
That local home financing compa
nies should be organized in every
community; that people should be
| urged to place. their savings in in
stitutions known to be in sympathy
with home ownership. and known to
have a broad and liberal policy in
assisting the people financially to-
| ward that end: that savings banks,
| life and fire insurance companies
should be urged to adopt a liberal
1 policy of loaning upon medium and
| low-priced one and two family dwell
/ ings of good design, planning and
| construction; that in view of the fact
| that national banks. through their
savings departments or affiliated in
| stitutions have diverted funds which
| would otherwise be available, at
should adopt a more liberal policy
! of loaning. wherever housing is con-
cerned, in order to contribute their
| influence in the relief of the housing
| shortage.
Asks Uniform Ordinances.
| That aid be pledged in obtaining
uniform building ordinances in America
! as ltgltiIldle eHOTl 10 SldDiiiZe cOStS
and encourage housing.
That an amendment to the revenue
; act of 1918, limiting the taxation of
profits from the sale of capital assets
by providing for their taxation as of
| the payers of accrual, rather than as
of the year of their sale. be proposed.
| That an amendment to the revnue
! act of 1918 limiting the .surtaN upon
| saved income to an amount not in
excess of 20 per cent of such income
be proposed.
Evening star., 1921-08-20

Rochester one noon. In the. evening
following the talk l was in the ro-
tunda Of the Seneca Hotel of Roch-
ester and a man came up to me,
shook my hand and said: "Mr. Bah
son. you don't know me. but / know
you will be interested In a story"
Cancellation withdrawn.
He told me how he had received
this withdrawal of a cancellation of
goods from a big Philadelphia store,
and then he added: 1--WE were rather
moved by that. Mr.. Babson, and on
the strength of it we got together
our managers and we withdrew a
great cancellation which we had
forwarded few days before to the
mills OF New England. And that is
not all. 1 was talking with a rep
resentative Of those mills and he said
that on the strength Of the with
drawal of our cancellation. those
mills had started up again"
So those mills began again to pay
wages and that money went out
throughout New England. Soon that
money enabled people to again buy
and once more the wheels of indus
try were running full time.
And as the people bought, they did
not limit their purchases to goods
made in New England. No: the very
first line to pick up was the clothing
trade. and the great wholesale store
in Philadelphia received it's share of
the new patronage and again enjoyed
good business.
So turns the wheel of prosperity.
AS one suffers. all suffer: as one
prospers. all prosper. To make pros
perity permanent each of US must
help the other fellow make good
also.
We have gone far enough in our
analysis of prosperity to see that 1t
comes and goes in accord with the
favorable or unfavorable action of
men and women as individuals.
Hence the succeeding articles in
this series will not have to do with
Economics" or labor" or Capital
or other abstract and indefinite con-
cepts. Making prosperity permanent
is a problem to be solved by indi-
viduals. intend to set forth. as
Evening star., 1921-08-20

merchants and jobbers. Let us re-
member how the merchant and jobber
|>got started. If you will read com :
mecial history. you will find that 1t 1t
there-was no such thing as a "mer-
chant" and only a century ago there
was no such thing as 5obber:
When our ancestors wanted q pair
bought the shoes direct from the
man making them.
Then developed a group of men
travelling with packs on their backs:
who convinced the consumer that II
he would let them: the peddlers: buy i y
agents, he could get the goods cheaper
than il he went to the guild and
bought direct. So these men. with
packs on their backs. gradually got
wagon. then a stall in the public
square and finally they built great
buildings. Most Of the greatest mer-
chants in America started out purely
on their backs. Haven't some of us
who are merchants forgotten during
the past few years that we are simply
the agents Of the consumer? Instead
of simply serving the consumer,
haven't we been gouging the con-
Some jobbers have been gouging US.
too. He has forgotten what function
enabled him to start and the real
purpose of his existence. Hence to
make good in business and to make
business good. we must be honest as
wage workers. as employers. as mer-
chants, as jobbers! We must be
honest as men in our dealings one
with another. We must start right
out today and be honest in our
buying and selling. Those who are
bankers should consider not only
Dun's ratings and Bradstreet's rat
inss, but also Gods ratings.
Recently 1 was speaking in Phiia-
deIphia to a group of business men
along these lines. The next morning
/ received message from the head
Of a large wholesale house there say
ing that he thought l was right and.
drawn a large cancellation of goods
which he had sent to a Rochester.
n. Y, concern. Shortly after that
time 1 spoke to the business men of
Evening star., 1921-08-20
REALTORS /, ETHICS.

Unauthorized placing of "for
rent OF "for sale" signs upon
properties should never. occur.
nor posting numerous signs'
even il permitted. Such prac,
tees cheaper property ana
broker In estimation Of the
public and lead to compiica-
tions over price and commits
,slons. One sign only is recon-
mended.
A member of a real estate
board cannot honorably seek
information concerning deal
of q fellow broker and make
use of the knowledge for the
purpose Of closing the deal
himself or diverting the Gus
toner to another property.
Brokers owe it to themselves
and the general public to main
tain the rates of commissions
and charges of the board.
1t is the duty of members 10
submit all controversies to ar
bitration of the proper board
committee rather than to brins
suit at law against fellow mem
bers, and it is the duty OF both
sides to the contention to ac-
cept the decision Of the board
as final.
(From the code of ethics. Ma
tional Association of Real Es-
tate Boards.)
Evening star., 1921-08-20
Making Good in Business
WE BUSINESS MEN NEED VISION "

(This is the ninth Of = series Of articles a
by Mr.. Babson to be published In Tho Stai.
The tenth will appear In next satnfoASs
Business Section.)
Why. when the country is funda-
mentally sound, need we have these
reckless booms and depressing panics
now so much in evidence?
In charting the trend of business in
our office at Wellesley Hills. we snow
periods of prosperity on a chart as
solid black areas above the line OF
normal activity .And periods Of de-
preston as solid black areas below.
But each of these solid black areas
is divided about the middle by lit
tie white line that is very significant
: This line shows when the character OF
the people changes.
During period Of prosperity the
white line shows when the character
of the people has changed from bet
ter to worse: while during depres-
sion the white line shows when the
character of the people has changed
from worse to better.
Things and Thermometers.
A great mistake has been made in
focusing our minds SO much upon
things. We have been taught to look
upon bank clearings. railroad earn
ings and commodity prices as the i'm
portant factors of business. They are
not at all.
Assume there is a thermometer in
your room. Is the heat of your room
determined bv that thermometer? No.
! not at all. Is tfe heat determined by
the size of the building? Is it deter
mined by who owns the building? By
whether u is owned in Boston. New
York or Chicago? Is it determined by
the decorations? No. The heat of the
room is determined by one factor.
namely. the character of the engineer
downstairs and the character Of TIE
orders.
In the same way it is character that
determines business. These hills and
valleys are not developed without
But these things that we have been
taught as the reason-bank clearings.
railroad earnings. commodity prices
and what not-are not the reason for
busin ess. but simply reactions and in
dicators of business.
Character Controls.
Business is good or bad. according to
ter Of the workers. the character of the
employers; the character of the mer-
chants and jobbers; the character of us
all.
cycles. Take the cycle beginning in the
year 1908 and closing with 1915. Busi-
ness started as usual in 1909, then we
had great prosperity in 1910: then in the
our heads and there deeloped Incidence.
extravaganza, inefiiciency, indifference.
unrighteousness. and those factors de-
veloping in 1901 and IL laid the foun-
dation that caused the period Of depres-
sion that followed.
Then as we got into the period Of de-
preston, people again came to their
senses and in the latter part Of that
Evening star., 1921-08-20

Relief from the housing shortage
must come through the erection Of
one or two family dwellings. built
by the occupants. or by one OF them,
according to a decision of the hous-
ing committee of the National Asso-
citation Of Real Estate Boards.
The position always maintained by
the national association. as empha-
sized in fostering own-your-own-
home movements. is the logical posi-
ton for REALTORS to cleave to, In the
opinion of Fred B. Smith OF Min
neapolis. chairman of the housing
committee.
Housing in Chaotic Stage.
During the past year. the housing
situation has taken Saw-tooth lines,
Chairman Smith pointed out in re-
was acute last January. 1t was not
as acute in the spring and it is not
nearly as acute today as 1t was last
spring. but we expect in the natural
course 1t will become acute again.
The condition is in a chaotic stage"
from every part of the country to
war camps and to Europe left an
oversupply of housing and at the same
time maintenance costs were increased.
1.-THE restrictions placed upon house
building during the war. or the re
turn of those men and women to
their usual vocations, did not mate
rally reduce the cost of maintenance.
but with normal increases in families
and new marriages, exhausted the
supply. This was further reduced by
the attraction of high wages in cities
and towns to a former rural popula-
ton.
yo Severe Shortage,
But with a Tightening in the times
during the past year there has been
a 'dubling up and movement
back to the country. because of lack
Of employment switch has relieved
the shortage in cities. SO that there
is no severe shortage in housing IN
our judgment at the present time.
This fall. however. may possibly
bring a stronger demand for housing.
and to provide for the future it will
be necessary to have money released
to supply the demand. We estimate
that it will take five years more to
relieve the housing shortage. with
the flow of money usual before the
war.
Must Fix Rent Level.
Until the rent level is fixed at a
!, point where the erection of low-priced
houses will yield fair return after
allowance for maintenance, such as
taxes insurance. repairs. manage
ment. services. depreciation and obso-
lescence. little relief may be expected
in the erection of one and two fam
lily dwellings,. built for investmen mt
Neither is man likely to build, even
with the strong desire in his heart for
a home. while the rent level is lower
than the costs of maintaining his own
investment in a home would be, OF
| with restrictive legislation.
'It is. therefore. apparent that re.
lief must come through the erection
Evening star., 1921-08-20

Because the average business man, like
those blind men. judges the world, not
by the great controlling factors of life,
put rather by what he handles. The
Judges the world by the money rate. The
foreign exporter handles bills Of ex-
change all day and he judges the world
py the rate Of exchange. The merchant
handles commodities all day and he
They are all blind. Those Of us who
do that lose sight of the elephant. We
an go home without knowledge of the
elephant.
The Eyes Of the 81 Per Cent.
We are apt to miss the fact that the
real controlling purposes of life, the real
tning tnat makes business good or bad.
Is the character Of the people. Whether
ei per cent have their eye on the star
their eye OF the star of selflshness de-
lermlnes business conditions
z mere are three things you should re-
e nemoer: First. conditions are funda-
mentally mentally all right. Secondly, current
seldom steady. The reason for this ia
shat ouring a period of prosperity We
a0reet our obligations to God and man.
lnen business continues dull until we
AGAIN get back in the path of righteous
ness. Thirdly. the harder we are hit the
sooner we learn our lesson and get back
IN ene path Of righteousness
iet II seems strange that intelligent
men need punishment in order to get
Ta1asdg Tack again In the path of righteousness.
our troubles and that we determine. each
IN our own way. to do something which
VIII make the situation better: that we
eacn oo something to keep ourselves and
otners IN the path Of righteousness.
AS the business of the country is simplv
the sum total Of the nations nav rpii
SO the activities OF our business men
ana the prosperity of the nation as a
Whoie. are simply the sum total of the
INDUSTRY. honesty and purpose of each
one OF US, as individuals.
What Can We DOT
, NOW. what can we do to make and
keep business good? N
FIRST. those Of us who are wage work.
ers can give an honest davis work for
an honest days pay. Labor is the basis
OF all prosperity. Labor is the basis of
air wealth. but that very fact nuts re
sponslpliity OF great Importance upon the
men who labor. to keep their eyes on the
selfish aims. ~
Then. those Of US who are EMPLOYERS
nave duty to perform also. It is up to
US to be honest as well as the Waee
workers Is 1t honest for US to close our
plants down, pretending to take inyen.
tory and then start in at once to nyIr. hir.
at the back door the men we are f,rine
from the front door? No. The men whe
work are intelligent: they are reason
able when they have confidence in their
empioyers employ II SO. is it not up to the en-
workers, to tell them the truth "5 and
tnen ask them to help In bringing abonf
the readjustment? aDoue
ga Agents OF the Consumer
But there are other men besides
wage workers and employers wbo
nave responsibility. There are the
Evening star., 1921-08-20
BY ROGER W. BABSON.

period there developed again industry ir
place OF Incidence. thrift in place of ex-
travagance. efficiency in place Of ineffi-
cheney. integrity in place of dishonesty.
eousness. These factors of industry, In
tegrity. and desire to be Of service,
which developed in the latter half OF. the
period OF depression, caused and laid the
iounda tion for the period Of prosperity
that followed.
We Forget to Serve.
This has been true in every cycle and
Is true today. Wage earners. employers
and merchants during periods Of pros
blindly follow the star Of selfishness.
This bbrings on depression. We remain
In this depression until we get back
again into the path Of Righteousness.
service means. thinking more Of our
duties. or responsibilities, and less Of
our rights or opportunities.
Business men do not always appre-
ciate the real causes of prosperity and
depression. In fact, they are too apt to
Judge business conditions by what has
happened in their own particular line Of
Industry. l will illustrate what / mean
BY quoting poem entitled 'The Six
Blind Men of 1ndostan.'
There were six men Of Indostan,
To learning much inclined.
Who went to see the elephant
Though all of them were blind)
That each by observation
Might satisfy his mind.
The first approached the elephant.
And happening to fall
Against his broad and sturdy side
At once began to bawl:
Is very like wall.'
''The second feeling Of the tusk.
Cried: 'Ho! what have we here.
N AIRY md and ehA
To me tits very clear
This wonder Of an elephant
Is very like spear"
"The third approached the animal
And. happening to take
The squirming trunk within his hands
Thus boldly up he spake:
see.' quoth he. the elephant
Is very like q snake.'
''The fourth reached out his eager hand
And felt about the knee.
What most this wOndrous beast Is like
Is very plain quoth he:
10 very like q tree!'
THE nfth. who CHANGED to touch the ear.
Said: Fen the blindest man
Can tell what this resembles most:
This marvel Of an elephant
Is very like fan!'
''The sixth NO sooner had begun
About the beast to grope
Then. seizinE ON the swinging tail
That fell within his scope.
I see.' Quoth he, the elephant
Is very like q rope!'
"And so these men Of Indostan
Disputed loud and long
Each in his own opinion
Exceeding stin and strong:
Though each was partly in the right,
And all OF them were wrong
All these men were honest, but all
were blind. Statistics show the aver
age business man, when it comes to
fundamentals II as blind as q bat Why?
Evening star., 1921-08-20

see them. the principles that each
of US should follow. and the things
that each Of US should do.
Copyright. 1921. Fleming H. Revell Com
pany. First published in this newspaper by
arrangement with Associated Editors, Chicago J
The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1921-06-16
w. o. W. MONUMENT UNVEILED

On Sunday June 9Th, Ruby Camp
No. 326, Woodmen of the World, un-
vei!ed the monument of Sovereign
Gary E. Crawley, at Hopewell Bap-
tist church cemetery, with appro-
pirate ceremonies. There was a large
crowd to witness the unwilling, and
hear the fine address of Sow. w. X.
Began, of Wadesboro. Sow. Began
is well informd Woodman, and a
fine speaker, man who has studied
Woodcraft and one who is capable of
telling the many beautiful features
of the grand order and what it is do
ing for the widows and orphans
throughout the world. Sow. Began
told us that every time the clock tick
ed, that the Sovereign Camp, Wood
men of the World, paid out 80 cents
to the widows and orphans of de-
ceased Sovereigns.
Ruby Camp is under many obliga-
tions to Sow. Began for the fine ad-
dress and we trust that the EXPIRES
sions made will inspire each member
of the grand order to- live up to the
principles upon which it Is founded.
One principle of the order to which
Sow. Began pointed with pride, is
that "No Woodman shall sleep in an
unmarked grave u Member.
The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1921-06-16
SMALL CAPITALISTS
RAPIDLY INCREASING
GROWING NUMBER OF MODEST
INVESTORS CONSIDERED sioN
OF NATIONAL PRos-
PERiTY

One of the most hopeful signs for
the future Of this nation is the ever
increasing list of small investors. Thu
movement, which gained such great
stimulus through the issue OF Liberty
Bonds, is now continuing with added
momentum. Having once tested the
joys OF coupon clipping, having learned
the rewards Of economy and thrift. the
man Of small means has become an
inveterate investor.
Never before has the absolute safety
OF investment in government securities
been so coupled with opportunity for
sure profit as at the present time. LIB
erty Bonds, Treasury Savings Certifi.
Gates and Savings Stamps offer the
chance for every man. woman and
child to join the ranks Of the capitalists
and to do so without Inconvenience or
danger Of loss
Equally important is the effect on
the habits Of the people. The
movement strikes directly at the ma.
tional vice Of extrvagance. Already
1t has done much to change the Unit.
ed States from a nation Of spenders to
a nation OF savers and the end is not
yet.
The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1921-06-16
NEED MORE OFFICERS
FOR ARMY OF SAVERS
NOW BEING RECRUITED
BOYS AND 0iRls INVITED TO
BECOME MEMBERS OF ORGAN
IZATiON OF YOUNG
CAPITALISTS

Generals and colonies of fourteen
years, majors. captains and Heuten-
ants Of ten or twelve and sergeants
the rule in Uncle Sans Army Of Saw
ers, which Is being recruited among
the school boys and girls Of this dis
trict. Plans for this army were re-
Gently completed and were announced
through the medium OF an art poster
sent broadcast to schools and post
Offices. Within the frst Ave days after
the distribution Of this poster, eleven
young "oficers" had received their
commissions the army. Nearly
5000 have now enlisted, every part
of the district being represented.
The boys and girls earn their pro.
motions In accordance with regula.
ttons explained in the poster announc.
ing the organization of Uncle Sans
Army Of Savers. Their insignia is
conferred, and formal Commission
Is sent by the Savings Division of the
United States Treasury Department in
this district
Regulations for promotion in Uncle
Sans Army Of Savers state that every
purchaser Of one Thrift Stamp in 1921
Is entitled to private's button. The
purchase OF four Thrift Stamps en-.
titled him to Ssrgeant's button. The
purchase Of one War Savings Stamp
issue Of 1921, entities him to q Lieu
tenants button; three War Savings
Stamps to . Captains button; Ave to
Majors button, and ten to = Colonel's
button. The purchaser Of twenty OF
the 1871 War Savings Stamps gains
the award OF . Generals button, EN-.
blazoned with . star to indicate the
rank.
The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1921-06-16

Anyone can bs failure! II takes
Intelligence. thrift and hard work to
be a success
The Chesterfield advertiser. [volume] (Chesterfield C.H., S.C.) 1884-1978, 1921-06-16
SUNDAY SCHOOL DAY
AT DAVID'S GROVE

/. Song, "Open the doors for the
children" followed by marching.
2. Prayer by pastor.
8. 1--WE welcome you," Omer
Griggs, Pruett Rayfield, Jack Curtis,
Jerome Rayfield, d. 4. Curtis.
4. Helping together" Levander
Campbell, Odell Curtis, Area and
Wilbert Welsh.
s. Little Children" Viola Adams.
6. What summer brings" Yer
non Adams.
z. "Jesus loves little children"
Blanche Jordan.
8. Lambs of the fiock," Edna
9. "Childrens Day, our Day." E.
B. P, Thelma Short and Jamie
Short.
10. Song, "Let them come unto
me-"
IL. "Children's Day is here" Rob-
ert Melton, Mamie Curtis, Annie
Vaughan, Carson Rayfield, and Mel,
da Adams.
IL. Recitation, D. T. Curtis.
13. Turn your back to the shad-
ow," Eugene Rayfield.
Id. Recitation, Conrad Curtis.
Is. "Wave little leaves" Armada
Morris.
16. "The Sunbeam band,' Susie
and Isabelle Adams, Little M. Strand
and Edna Vaughan.
II. Song, "Sunbeams Bright"
1S. "Our motto" Maybelle and
Eunice Vaughan.
19. Making the Summer" Pleas
ant Vaughan, Perry Adams, Rufus,
Willie, Conrad and Legett Curtis.
20. Each will do his part" Pearlie
Adams.
21. "This is Sunday School Day.
Viola Stroud, Berta Campbell and
Rosa M. Vaughan.
%. "The Apple Blossom Girl"
Era Gardner.
%. Song, Father let thy bless
ing rest"
"a. Short talk by the pastor.
25. Collection, S11.30.
26. Song, Farewell Children's
Day"