The New York herald., 1921-06-13
DENVER MOVE RObS
BRINDELL OF POWER
-Untermyer and Lockwood
Investigators Applaud
A. f. of l.. Action.
GOOD STRATEGY SHOWN
Influence of Former Gar
Is Said to OOZe Here From
Sing Sing.
MONEY LENDERS PROTEST
Corporation Resents usury
and Other Charges Made at
Hearings in New York.
GOOD STRATEGY SHOWN
MONEY LENDERS PROTEST


and members of the Lockwood legisla-
tive committee investigating housing
expressed satisfaction yesterday over
the action taken by the buildings trades
department of the American Fedora
ton of Labor, in convention at Den
yer. toward compelling rigid adherence
to the rules of the Federation by the
New York Building Trades Council.
Some such action has been what Mr..
Untermyer and the committee have
been urging since the exposure that
resulted in the conviction of Robert P.
Brindell, head Of the Building Trades
Council, now serving five year term
In Sing Sing Saturdays development
at Denver is particularly welcomed,
however as a check upon the influence
that it is believed in some quarters
Brindell still exerts among the present
officials of the council, most of whom
owe their places to him.
The selection Of John Donlin. presi-
dent of the building trades department
of the A. F. of L., to enforce the FEEDER
atoms ruling is regarded as the build
ing trades departments good strategy,
as the choosing of any other labor
leader might have been the signal for
a lively row and the divorcing of all
connection between the old Brinden or
ganization and the A. F. of L.
warning Issued by Donlin.
Donlin only short time ago wrote to
William Kehoe. secretary of the Central
Trades and Labor Council here, warn
ing him that any attempt by his organi-
zation to investigate the Brindell or
ganization would be regarded as a vio-
ation Of the constitution of the A. F. Of
L. The move effectively stopped an Of
fort by Phillip Zaussner, secretary OF the
local council of the Brotherhood OF
Painters, Paperhangers and Decorators
Of America, to pry into the affairs OF the
Brindell organization, with whom Zauss-
ner's crowd had long been at odds.
Mr.. Donlin's letter made reference
TO the defenders of democracy" which
.iabor men generally accepted as thinly
'-veiled hit at Samuel Untermyer and the
Lockwood committee that frequently
characterized Brindelrs Building Trades
Council as an ''undemocratic" organiza-
Lion. These same labor men were ask
-1ng each other yesterday how rigid an
enforcement of the A F. OF l.. rules
sDonlin win demand. They wan- to
aInow how much Of Saturdays action is
bluff and how much Is serious business.
~rhey point out that Patrick Crowley
~Brindelrs successor as titular head OF
fhe Building Trades Council. gave out
Tor publication Donlin's letter TO Kehce,
Revealing his alleged interest in the
~Brindell council.
= A statement described as a reply" 20
. recent session of the Lockwood COM
srnittee was issued yesterday by ingalls,
~kimball. president of the National Thrift
Bond Corporation, rs West Forty-fourth
street.
The statement says in part
- "rs the Lockwood committee in It's in
.-vestigation sincerely undertaking to help
~the building situation or is it seeking
lhe public interest that is so much more
easily attained by attack than by con-
-structive suggestion?
y "Mr. Untermyer seems TO disregard
1he fact that the first duty of savings
Jnstitution is to safeguard the funds OF
Ats depositors and he would / feel sure
mot be the last TO denounce that insti-
tuition which so tied itself up with real
estate loans that II was unable promptly
TO meet the demands Of its depositors
Cor which made its loans on valuations
based upon the excessive building costs
OF the last two years
: 'The Lockwood committee would !
believe. have difficulty In producing wit
-nesses who would testify that, possessed
of money or sound securities TO the ex-
tent OF 40 per cent. OF the reasonable
cost Of n home. they were unable with
out excessive cost or trouble, even in
1he most stringent times. to secure the
remaining so per cent. from financial
institutions.
THE title companies compete actively
for sound, conservative real estate loans
with the Insurance companies and saw
inRs banks. AS general proposition
1ransactions involving Liberty bonds or
1other types Of bonus payments will be
found to have occurred where the con-
Servative amount OF the valuation was
Questionable or where there were specu-
lative considerations"
[. Evidence Combats Reply.
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