davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-01-02

income taxation, and it will be de-
feated by mortgage exemption and th.
resulting increase in tax burden nnor
persons of small income. These resnits
would be hurried by the inevitable .r
ftension of exemptions to public util;-
ties and other interests equally Inv
by the Federal surtax. ''
"But, aside from the above. il h..
not been shown that any increase j.,
| funds for real estate finance wouiJ
lower the cost of Installations w;th;n
the term of the present cmerrencv ".'l "a
q point where wage earners can afforS
to invest.
"Tax exemption for profits fron, re.,
estate operations which arc reinyestcd
IN the construction of other homes 10
subject to the same objections. All
tax exemption schemes are vicious. un-
democratic and confer special privi.
lege upon those most able to psv
taxes.
1--WE are unable to concur with tb.>
committee that the Federal Home Loan
Bank would be = most desirable u,.
tional facility and a most promisinc
substitute for governmental participa.
tion in the housing business We ar.
not looking for substitute. This ma.
tional 'instrumentality' would of ne.
cessity be accompanied by not onlv
national but g distinctly burean.
cratic control Of housing finance which
varies according to the economic and
| social status of each community. Th;,
is shown by the fact that the building
and loan associations have assumed
twenty or more forms as to plan Of on
Grafton and their actual local differ.
ences are almost as numerous ns ths
associations themselves. In New York.
where the mutual savings banks alons
have over two billion dollars Of d..
posits, of which half is invested In re,,
estate security, the loan associations
boast only about ono hundred million
dollars of assets.
''In fact, the advocates Of this ulsn
appear to look solely to tbs subsiSy
of tax exemption from all taxes which
the bill carries and which va con-
demned above
THE committee advises that all Fed
eral thrift activities be consolidated
under the postal savings branch Of the
tostofice Department with 'adequa, a,
interest payable quarterly and extra
compensation to postmasters to call
forth their energetic efforts In dcvel-
oping this important national facility,
Would Bring Politicians Into Field
POSSIBLY we must read this in con.
junction with the much discussed plan
to have postal deposits invested in To-
cal real estate mortgages. This could
not be more effective than any other
scheme for government loans to indi.
yiduals. 1t would certainly lead ta
further steps by government tpoliti.
clans? into the field of private banking.
Tho hand of the professional poiiti.
clan could easily turn this to his ed.
vantage, and Of course the larger the
number Of depositors, the more ,rnpu.
dent would government be in It's ef-
forts to correlate interest rates and
loans to economic conditions.
"On the first part of the report, rs.
lating to the regulation of transporta.
tion and coal production, we would
only observe that the situation require,
a serious study with view to develop =,
ing public control and the avoidance ofI
monopoly rather than any further tend.
eGy toward public ownership"
New-York tribune., 1921-01-02
By William Henry Barnum

The market looks three Investors
buyers for pecuator The during
somewhat limited
the sound judgment continuing
values as the basis for loans
There has also been active buying occupancy
business DUE large following
failure of housing accommodations keep with growth population
and IN the other the increasing congoh
the city, with the result through might be termed
rent pan MEANWHILE the customary
1 rising prices has been somewhat negligible market
With prices which expected
in view favorable consld
increasing and artificial
clements will do much to help the investment market
There should be liquidation
that which has been taking place commodities
market this prior Easier
will greatly help the
There will be construction particularly evident as We
get well along in the year.
New-York tribune., 1921-01-02

Street, erected in 1879. three wear,
after Or. Tyng's cdifice was completed.
was removed this year to make way for
the CHURCH and Office building in which
che ruth Church Of Christ Scientist
is interested.
An Interesting Development
Last New Years found the Columhia
trust Building, at Fifth Avenue and
thirty. fourth Street. four stories high:
yesterday the samo building had ten
stories atop of it. The demand for
space is the reason for elevating the
structure to the height of Fifth Ave
nue skyscraper.
The FACADE Of the building ha. been
changed under pressure from the city
authorities, who have been demanding
Tor some time alterations that would
change the architectural features put
INTO the ~rueture by Stanford White.
This is resume of only the most
prominent Of the landmarks cleared
away or altered during the last year.
New-York tribune., 1921-01-02

| ure could not be expected. These
buildings were regarded as much a
part OF the new order of things in
Forty-second Street as tho most mod
ern structure there. They were neces-
sary to the business success of the
district, which was occupied stronglv
by concerns with factories in Other
parts of the country. But the demand
1or oiflce space was so large as to
warrant the sacrifice of this hotel ac
commodatton since several new hostel
ries had been erected in the neighbor-
hood.
Though erected a quarter of a GEN.
Jury ago, the hnlckerbocker was a fine
structure and a great hotel and the
alteration Of the building very likely
brings back to the minds Of MANY folks
persons and Incidents Of interest in the
sporting field. Turfmen favored the
Knickerbocker.
Uptown Financial Landmark
Sherry's, at Fifth Avenue and Forty-
fourth Street, and the Manhattan, at
Madison Avenue and Forty second
Street. are to be landmarks of "up-
town wall Street" because two Of the
largest financial institutions in Wall
Street have taken them for their use.
HoA"itey uSC COMPANY mas
Sherry's and the National CITY Com
pany, the bond marketing corporation
of the National City Bank, has the
Manhattan. The latter building is now
being made over to provide for large
concerns. Sherry's has already been
transformed into Offices. The Carnegie
estate and the Carnegie Foundation
are located in the upper floors Of the
building.
The we'll known store building on the
Milbank property, at the northeast cor
ner of Madison Avenue and Forty-sec-
ond Street, was removed during the
summer to make way for the giant
structure now being erected by the
Ley-Liggett-W Winchester combination.
Tho corner is regarded as one of the
best mems corners in the city-that is.
1t Is q corner which seems to attract
and hold the attention and interest of
men. The stores were erected when
DR.. Tyng's church was removed, twenty
years or more ago. They were put up
to develop the best possible improve
ment for the corner. The taxpayer
was intended IS temporary building
to carry the property through the
period of experimentation.
Old st. Bartholomew Church. At
Madison Avenue and Forty-fourth
New-York tribune., 1921-01-02
Statistics Show Real Estate
Nations Greatest Business
Real Property Represents More
Than so Per Cent of All
Wealth Of fhe II. 6.

Statistics show that mora than half
Of the tangible wealth Of tho United
States Is real estate Figures compiled
IN 1904 and IN 1912 By the government
for the purpose Of arriving At the
great value Of Sic, o,e7e, ,ooo, 900 and the
and call wealth" showed that in 1904
real property vas valued at $62241,-
100000 and that the total wealth Of
tho country in that year was SLOT .004,-
100000.
In 1917 real property reached the
xrest value sfS11o, ,e7s, ,ooo, 900 and the
total wealth was $l87,73e, ,00O, 900
Railroads, street railway and power
company properties were not included
in the real property valuations.
These figures show clearly that the
business Of developing, marketing.
owning and managing real estate is the
biggest business in tho United States.
New-York tribune., 1921-01-02
Tax Exemption Schemes
Vicious, Says Banker
W. A. Sadd, President of Savings Bank Division.
Sees Little Value in Senate Report ON Hous.
ing; Opposed to Relief of Mortgages From Lew

"The United States Senate report on
housing, presented December IA. 1920.
fails to give any facts Of value to
either housing or construction inter
ests, and even the conclusions appear
to be based on such superficial reasons
as to be worthless or even dangerous"
says W. A. Sadd, president of the Saw
ings Bank Division of the American
Bankers Association and president of
the Chattanooga Savings Bank.
Turning first TO the remarks on
finance and taxation the committee
appears to favor 1) investment of
time deposits of national banks in part
in real estate mortgages, (2) exemption
for limited period Of interest from
real estate mortgages, 60 exemption
from the income tax of profits from
home building to tho extent that they
are reinvested in the construction of
other homes, (4) bond issues by Fed
eral instrumentality for rediscountips
mortgages on dwellings by building
and loan associations and other insti-
tutions and (5) development of a na-
tional savings Institution in the United
States Ppstoffice Department..
These various proposals are un-
sound in theory. The only possible ex-
ceptlon we would make from this gen
eral condemnation is that relating to
real estate loans from Savings deposits
IN national banks. but even this may be
questioned.
Against Mortgage Tax EXEMPTION
Gas to the need for exemption Of the
income from real estate mortgages If
revision of the taxation system does
not restrict the issue Of tax exemnt
securities such action has been con-
demned in the strongest possible term 8
by the American Bankers Association.
the Investment Bankers Association
the National Tax Association, recognized
economists and various other organ
izations and persons qualified to speak.
Not only has such form of subsidy
peen shown to be fallacious from the
viewpoint Of borrowers, but it tends to
defeat its own ends. Our program Of
war finance depends very largely for
success upon the progressive system Of
New-York tribune., 1921-01-02
By Robert E. Bowling

The outlook for the real market 1921 fairly satisfactory
Owing the confused condition commercial circles for
he last few months there has rather
mnt OF the soaed Lockwood laws dealing
once While these laws have been unfair
probable that the deterrent saved
tho market from oversupply of buildings
expect that with the falling material efficiency
IN
onas there will be considerable building of dwellings
the year, particularly in the priced apartments.
think there will be little uses Of
course unless there big
markets within the have vev inactive real
estate
New-York tribune., 1921-01-02
NWKER-
BOOKER
MOTEL
6ROAnNWy
and421.'SZ
TO 2EM
OFFICE
NtXO/YO.

erect. The long approved standards Of
realty appraisers to discount tho value
or brick and mortar for every year a
wall stood In place were reversed. and
building values were arrived at by an
plying current construction costs to
the old structure and the taking into
consideration tho cost Of moderniza-
tion. In other words, every brick in
place had value which could not be
claimed by tho brick awaiting place
ment- Therefore it was a lucrative
business, the alteration Of old buildinrs
for trade or residential uses.
Under tho spell, which Is far from,
broken, fell many local and city land
marks. Building Department stati,t,cs
snow now widespread has been this
reclamation wave. Thousands Of dwell
lngs; tenements, apartment houses snd
old business buildings have been NOD
ernlzed, mado equal to new.
dwellings, which characterized earlx
steps IN Anne erican architecture or s-c.
tional development have been made ;nto
sIuo'os s,, or flats for several families
me advance guard of tho great apart.
ment house of to-day, buildings divided
INTO large suites Of large rooms. With
nigh ceilings and much wasted public
nail space, have been taken in numbers
by speculators and fitted with room
arrangement based on modern ansrt.
ment needs. Fscades have been carved
away and pierced here and there to
carry out tho plan to which the old
structures were being fitted. They do
not look like tho Same old buildinows ~
and naturally will not be associated
with tho era Of construction and thl
whie gave them a distinctive place IN
their locality.
Such changes have not made a,
strong Impressions on the public mind
as the passing Of some Of tho well
known Fifth Avenue and Forty-second
Street hotels to business buildings. tho
Eastern Hotel, At tho Battery. and tho
Stevens House, at Bowling Green. The
latter structures werc centuries old.
Flanked on ali sides by tall buildings.
these squatty brick buildings told the
story Of tho great leap mado by New
York and tho entirc country In tho last
century.
Tho Eastern Hotel was erected not bv
intent An old skipper who had gone
rolling down to Rio Htth . cargo from
New-York tribune., 1921-01-02
New Record Rental Established
For Cleveland Basement Space

II may interest local real estate
foiks to know that new high record
rental for basement space In Cleve-
land, Ohio, has iust been established
The Colonnade Company, which oper-
s.es restaurants in several cities in
that section Of Tho country, has taken
1900 square feet in tho basement Of
tesnth Street and Euclid Avenue, for
ffteen years, 1t . rental Of little
less than $f.s7 = square foot. Tho
company will pay $4,000 . year for
the promises, ths total rentals smount-
ing 70 4916.000
New-York tribune., 1921-01-02
Purchase Estate Owned for 60
Years Bought bv Banker

Mlchael Fl. White has sold his cstate
on Lincoln Avenue, between Westches-
ter and Harrison avenues, Purchase.
consisting of thirty acres, a two-storv
dwelling. barns and outhouses, to ".
Hamilton Busk. Of the banking firm OF
Shearson, Hammill & Co. Mr.. Busk
Will improve the property with another
line dwelling. The property was held
at $4,000. 1t had not changed hands
IN sixty years. Bryan L. Kennedy was
the broker.
New-York tribune., 1921-01-02
IS p. C. of States Population
Lives Close To the Hudson

More than three-quarters Of the
millions of folks who live in the EN-
pire State will be found locating within
twenty miles Of each bank Of the Hud-
son River: Statistics say that IS per
cent or New Ysrk's population is in
that area.
New-York tribune., 1921-01-02
Extremes in Population
Congestion in New York

Greatest congestion Of population Is
to be found In Manhattan. A survey
shows that an average of 104,10S per-
sons live IN every square mile of Man.
haitian. Richmond is tho most sparsely
settled, the figures showing 2,0o7 per
sons to the square mile.
New-York tribune., 1921-01-02
When Boston Was Al Hrs. Away

One hundred and twenty years ago
ysstsfdsy the ar:t regular stage lin.
"a operation. II took forty-one hours
"a 4rsves the distance covered to-day
by trains on tho Now York & New
Havsp road IN five hours, and sn air
lins 10 said 20 nalj IL in three hours.
T1s zaes ts Dsst0H In 1910 vas 3Ss.
The state herald., 1921-08-05

ficers SO realistically as to almost
cause my undoing. 1t seemed that
had portrayed my role SO well, that
could not get another job because
of the prevailing prejudice against
the Hun.
was determined to succeed and
wrote Blind Husbands" This took
to Carl Iaemmle. president of Uni
versal. He was advised against TAX
ing chance OH me but finally per-
suaded him to let me produce the pic.
tire. Blind Husbands" justified Mr..
Lammle's faith in me and then came
"'rhe Devils Paaskey." Now l be-
lieve my success is to be crowned
with Foolish Wives,' the Monte
Carlo picture which is nearly finish
ed at cost Of more than $1,000 900.
The state herald., 1921-08-05
Philorado, No. 57-Garnet X. Tien.

Philorado, No. -57-Garnet X. Tien,
Haxtun.
Meakins. No. 5s-Ruth Cline, Hax-
tun.
Glenwood, No. SIS
Morning Star, No. 61-Ruby Ollie,
Holyoke.
Amitie. No. 63-Mrs Z. ]. Martin.
Golden, Colorado.
Paoli, No. 66-Glendora Kapson.
Holyoke; Hazel Holland, Holyoke.
Community Center. No. 71-Eva NJ.
Chainhalt Denver
Broadway, No. IT,
Lone Star No. 7S-Marienne Mar.
rem, Holyoke.
Lakeside, No. S1-Edith Prichard,
Holyoke.
Hartun. No. S4-J. Wesley Miller.
Haxtun; Mary Garfield (resigned)
Loveland. Colorado: Hazel Fuller,
Denver; Hilder Bentson, Haxtnn;
Stella Newman, Haxtun; Jessie Ger.
rish, Dinuba California; Esther
Lucke. Haxtun: /. Florence NJ. Dickey,
Haxtun; NJ Celeste Donnelly, Hax-
tun.
North Star, No. 91-
The state herald., 1921-08-05
SCREEN STAR TELLS HOW
CINEMA CAREER STARTED

How did start upon my motion
picture career? BY Utterly starving
myself into the profession.
For two months and half walk
ed the five miles between my hotel
and the studio twice daily, getting
hungrier each day. Finally in my
desperation, | had the temerity to
criticise John Emerson who was pro-
ducing Ghosts
Having been born and raised
among European royalty and nobility,
was familiar with almost every type
of foreign military decoration. Hence.
| could not help perhaps little bit
terly criticising the very poor imita-
ton of Scandinavian decoration
Emerson was wearing as a part of
his costume.
Emerson, instead of throwing me
out of the studio for being so impru-
dent, asked me to get true repro
duction of the decoration. With the
aid Of S5 loan from my landlady,
did this.
Then Emerson asked me if I had
ever read "Old Heidelburg" er-
planned that had not only read it
but had seen the premiere of the
play in Europe, and had gone to
school at Heidelburg. Thereupon l
was made Emerson's assistant. which
meant doing everything from sweep
ing the sets, to building scenes. All
for SIS week.
Finally | won the position of art
director for Emerson. Later l took
various roles until in the Hearts OF
the World and Heart of Humanity
played the part of brutal Hun of.
The state herald., 1921-08-05

ore shoot in Cresson mine estimated
at s1,5OO.0O0.
Colorado Springs-Large rock
crushing plant to be erected in Ute
Pass.
100000 acres sugar beets sprayed
with paris green in fight against web
worms.
Denver-Freight rates on packing
house products to be reduced be-
tween here and Mississippi river
points.
Greeley-Ditch companies on the
Poudre river planning large storage
reservoir for flood waters, to cost
$75O,O0O
Trinidad-Gas rates here raised
twenty-five per cent.
Denver-$5OO,O to be spent on
remodeling Tabor Opera house, work
to start in go days.
Denver-Moving picture concerns
to construct joint office building at
cost OF S5UOUOO.
President Harding is strong for
subsidy for American shipping.
Sugar consumed by Americans in
the fiscal year ending with July av-
erages 100 pounds for every man,
woman and child. That's nine pounds
more than last year and eleven more
/ than 1914.
Taking an average family income
for last year of $3.50, exclusive of
farmers, as indicated by the last re-
turns, the. total cost of government
is going to be about forty per cent
of the family income for the year
/ starting this month.
Cutting overhead $1,155,S79.177 be-
low last year by federal government
shows effect of lower, tax campaign.
The state herald., 1921-08-05
Where Ignorance Was Bliss.

A farmer saw boy picking apples
from one of his best apple trees. He
tried to catch him but the boy was
too quick for him, and SO the farmer
changed his tactics.
Come here, my little son." he said
in a soft voice, with counterfeited
friendliness, come here to me a min
ute! l want to tell you something"
mot likely!" replied the boy. Lit
tie ones like me don't need to know
everything.-Railroad Men.
The state herald., 1921-08-05
List of Teachers
Employed for Year
1922 in County

Fairview ,No1-velena NJ. Clark,
Bethany. Missouri
Amherst, No. 2-Elma Douhan.
Haxtun: Geneva Briggs. Haxtun: Ad.
die j. Zimmerman. Holyoke.
sunnyside, No. S-Mary Bevard.
Holyoke.
Green Prairie. No. i-Louise Penny,
Julesburg.
Pleasant Valley. No. 81. B. F.
Bishop. Greeley, Colorado.
Highland Center. No. 6-Clarence
Bright. Haxtun: Catherine NJ. Flana-
gan. Holyoke: Mary f. Moore. Hax-
tun.
Prairie Star, No. Laura C. Mil
Ter. Holyoke.
Evergreen. No. s-Bertha Kerch.
ner' Holyoke.
Hilltop, No. 9-William p. Clark,
Holyoke.
Sun Beam, No. 1O-w. d. Atkinson.
Haxtun.
Plainview, No. 1l-Gladys Lucke,
Haxtun.
McKelvey. No. 12-Margaret Noel.
roy, Holyoke.
Summers, No. 1i-Mary NJ. Peter,
Hoiyoke.
Pleasant View. No. 15-Clara Red.
les. Holyoke.
Silver Beam. No. 16-Ciara Herzig,
Holyoke.
Sunny Dale, No. Mabel Schultz
Forbes. Missouri
Beaehville. No. 1S-Rae D. Grow.
ner, Paoli.
Grand View. No. 10 - Martha
Brandt, Holyoke.
Evans. No. 26-EmmalIne Gentert.
Amherst.
Prairie Gem. No. Katherine
Moore Holyoke.
Bryant No. 3i--Nettie Burnett.
Haxtun.
White Star. No. Miss Johnson.
Sterling.
Boston, No. s6-Anna Naggatz.
VenanRo
Holyoke. No. 39-P. 4. Smithson.
Greeley, Colorado; Madge crowner,
Holyoke; Bessie Troutman.' Holyoke:
Maude A. Evans. Holyoke; Kathryn
Harrison, Norton, Indiana: Olive
trand' Nebraska: Ethna Steineweig.
Holyoke. Ruth Tilton. Holyoke.
Liberty. No. il-Mrs. James r.
lilnkle. Holyoke.
Fairfield, No. i7-Edna Youtsey.
Haxtun. Margaret strope. Friend, Ne
braska.
Morning View. No. is
Fair Dell. No. 51-
The state herald., 1921-08-05
Colorado Industrial News

YAo'''"'
Pueblo Colorado Fue and Iron
Co. to rebuild homes of all employees
living in rented houses that were de.
stroyed by flood.
oveland-Mountain States Tele-
phone Co. agrees to pay 2 per cent
Of gross receipts from 1900 phones
here as occupation tax.
Denver-Denver & Rio Grande and
Colorado & Southern shops here are
operating on rs per cent of normal
basis.
Haxtun-New equipment costing
$4,000 has been installed at water
plant.
Akron-New $50 h. p. engine being
installed at light plant.
La Jara-Five cars of 1921 wool
clip shipped from here will bring
from 16 cents to 20 cents per pound
Colorado has record crop of corn,
spring wheat, potatoes and apples.
Brighton-The Hydro Stone Co.
gets contract for 10000 stone blocks
for Fitzsimmons general hospital at
Denver.
Canon Cty-Empire Zinc Co. re.
ceives Is car loads of machinery to
be used in new plant to be construct
ed here.
Canon City-Fremont National
Bank has installed 400 new safety
deposit boxes.
Pueblo Stearns-R Roger Mfg Co.
has moved their plant from here to
Denver.
Stone City-Forty cars of stone
shipped from here TO Pueblo water
works.
Inmates apple crop in this district at
$4,000 boxes.
Delta National Bank opens savings
department
Seibert-Contract let for compile
tion of water system.
Steamboat Springs-Plans being
ildue lOI tdnHsTy mere.
Coal output in state decreases
twenty-five per cent in June.
Alma-Plans being made to build
fifty.ton mill at the Brownlow
mine.
Montrose-Standard Chemical Co
is making extensive improvements al
their plants in this county.
Pueblo-Construction to start on
two new business buildings.
Rock Island r. r. officials esti
mate 10000 cars will be required or
their Colorado division to handle the
wheat crop, an increase of nearly 81
per cent over 1920.
Branson-New grain elevator to be
built here, construction to start i'm
mediately.
Rocky Ford-Federal Farm Loar
Bank to lend s1.500,000 to Arkansas
Valley farmers.
Grand Junction-s5O.0OO raised
here to complete old irrigation pro
ject that Will reclaim 10000 acres
Denver-Colorado Bedding Co
moves here. lets contract for plant tc
cost 100000
Dcnver-Union Stock Yards Co
opens branch in Salt Lake city.
Haxtun- $4,000 garage under con
struction.
Lonemont-s 100000 paving contract
let.
Production in Cripple Creek dis
trict for first half of year totals Sc,
$4,000.
Denver-Coal mine operators raise
price of Ignite coal 80 cents per ton
Boulder--W Western Light and Pow
er Co. cuts tram fare from 10 cent,
To ~ cents.
Cripple creek-l5 mines IA district
are making regular shipments rang
ing from one to nine ears daily.
Cripple Crcek-S.750 tons of or,
shipped from district In June.
Paoli-New $4,000 bushcl elevator
completed and in operation.
s-Constructlon to start i'm
mediately ON $1,000 bushel elevator.
Hugo-iI.5OO acres OF land neai
here TO be colonized
Ault--Work started on sS5.OO'
High school building here.
'Seibcrt-The seibert Kanred whea
Growers association organized here
Creede-Mines here resume shir
Sents after 20 days idleness due 4
rail tie.up from floods.
Cripple Crock-Gross value OF ne,