New-York tribune., 1921-01-24
III. l.. Sti111son
To Prosecute
Hettrick Case
ICON ,'nued from pass one)


placed before both houses Wednesday,
Whatever is the fate of the provisions
that would enable the committee to
investigate insurance companies and
bal-ks, Mr.. Untermyer expects to e
sumo hearings shortly after the ,tn-
clusion Of the Brindell trial, about ten
DAYS hence.
The trial of the reputed lahor czar
will be continued before Justice NJ.
Avov this morning. At the same time
large number of master plumbers
will appear in court to answer ind'ct-
of the Donncl'y antitrust laws.
In connection with the resolutions
adopted by the New York City Real
Estate Board protesting against all the
recent rent laws that were passed to
curb profiteering, demanding their re-
peal and calling upon the Legislature
to defeat the pending resolution to con-
tinue the life of the Lockwood Com
mittee, it was recalled that only few
days previously the New York State
Real Estate Board in session at Albany
had unanimously commended the work
of the committee and had urged it's
continuance and the extension of the
powers asked by the committee.
Inasmuch as the membership Of
the stare BOARD includes many of the
city board. the reasons for this sudden
change of front were sought. 1t is
claimed that solution has been found
in the fact that within the last few
days comprehensive questionable waa
sent out by the Lockwood committee
to the owners of the principal Office
and loft buildings in the city requir-
ing them to furnish the committee
Of hot ho1o
statements that will show the extent
to which they have been increasing
rents.
1t is said to be feared that this
data is to be TIE. forerunner to .
recommendation by the committee to
include Office and loft buildings in
the existing laws against profteering
in rents, which now apply only to
residential properties.
Involves Many Financiers
A reference to the 1921 manual Is
sued by the New York City Real
Estate Board discloses also that among
its present board of governors are
great financial institutions, who
would be directly affected by an in
quiry into rent profteering in Office and
loft property.
1t is this feature of the resolution
now pending in the Legislature and
the presence of many of the repre-
sentatives of great financial interests
with which influential officers and
members Of the real estate board are
identified that are supposed to be re-
sponsihle for the present opposition.
William Raymond Burling, president
of the. Brooklyn Real Estate Board
c%o J.
ne declares that his organization favors
the enlargement of the powers of the
Lockwood committee by the Legislature
to include an investigation Of insur-
ance and banking institutions.
ut is the judgment Of this board. I"
ne says, "that the investigation Of
labor and the building trades, which
the Lockwood committee has been do
ing, has resulted In much good, and is
particularly to the owners Of real
Amy objection to the committee con.
tinulng its investigation along similar
lines can only be opposed on the theorv
that the light Of publicity might cause
embarrassment and possibly show un
conditions which the public have
little, II any, idea exist. Perhaps re-
suits will be obtained which will be of
eAe"so. Sa!ue IN helplng TO relieve the
present situation
1T would be as unfair to presume
at this time that all sources Of mort
gage money were not doing their best
to nelp the present situation, as it
would be to presume that all builders
and leaders of labor were guilty. he
cause some few have been indicted.
II those institutions which are the
major source of mortgage money in
this state are all playing fair with the
people, then there should be no rea-
sonahle objection on their part to hav-
and possibly greater faith in them re-
stored
THE. Brooklyn real estate board, in
view of these facts and giving the ut
most consideration to all points there
on. is in favor Of the Legislature
granting additional powers to the
Lockwood committee to permit a con-
tinuance Of its investigation"