The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1921-03-28


remedy for the scarcity Of a million
homes in the United states lies in pro
viding better transportation, abund-
ance of fuel. credit for loans, and full
information on the best methods OF
construction, is contended 10y Senator
William NJ Calder of New York, chair
man of the senate committee on recon-
straction, in report made public to-
day.
To accomplish the desired ends, Sena-
. tor Calder has recommended to con /
gress ten legislative measures; they |
are as follows;
4 bill to establish in the Department |
of Commerc a division for the gather
ing and dissemination Of information
as to the best construction practices
and methods. technical and cost data
and matters relating to city planning
etc. in orde" to announce standardiza-
-tion and improved building practices
throughout the country.
A bill to provide for the gathering
and publication by existing govern
mental agencies of current facts as to
production, distribution, available sup
plies, standards Of quality, costs ana
realization OF coal.
An amendment to the transportation
act directing the Interstate Commerce
Commission not to declare without
hearings an emergency which will give
preference of priority in transporta-
tion.
An amendment to the federal reserve
act to permit the Federal Reserve
Board to direct the use Of savings ana
time deposits of national, banks for
longtime loans, thus giving such, de
posits greater security and supplying
a source OF long-term money for home
building.
A home loan bank bin to provide for
district home loan banks which may
sell under federal supervision, bonds
secured by the aggregated loans de-
posted by the member banks.
An amendment, limited TO five years,
to the revenue act of 1918, to provide
for the exemption from excess profits
and income taxes of the profits on the
sales of dwelling houses where such
profits. plus an equal amount, are re.
invested in dwelling house construction.
An amendment to the revenue act oil
1918 to exempt from taxation Interest
on loans up to $4,000 on improved real
estate used for dwelling purposes. when
such loans are held by an individual.
An amendment to the revenue act Of
1915 limiting the taxation of profits
from the sale of capital assets by pro-
viding for their taxation as of the years
of accrual rather than as Of the year
of their sale
An amendment to the revenue act OF
1918 to limit the surtaX upon saved m
come to an amount not in excess OF ~
per cent of such income.
An amendment 10 the postal savings
law increasing the limitation on depos'
its as to amount and time and author
izing the rate of interest TO be changed
from time to time and providing ior
compensation Of postmasters for the
extra duties.
The report recognizes the present sys'
TEN of taxation as an important factor
but takes firm stand against nation
al. state or local governments attempt
ing TO relieve the housing situation by
the granting OF subsidies or by the
erection OF structures at governmental
expense.
In its recommendation the commit
tee has had in mind the Importance oil
economy" says the report. THE cost
of the collection of coal information
the cost Of the housing bureau, the su'
peryision of the federal home loan
banks. will constitute no appreciate
burden on the treasury The results
Of the various bills proposed, however,
in stabiliziag the prices OF essential
materials. In preventing unfair com
petition and monopoly In coal and III
directing the flow Of credit the COM
mlttee believes. cause the prompt con-
struct. on ol the homes 80 urgently
needed"
"Ii is evident" the report says, THAT
the cfficioncy and the cost of labor
as well as the resulting efficiency and
the cost Of the manufacture and fahri'
cation Of materials are dependent upon
continuity of operation. and that fed
eral Interruption or interruption 10
tho supply of transportation and fuel
ada 10 the cost of overhead and labor
IL is also evident that the preferential
use Of credit FOR boarding and specula
ton increases the cost Of subsistence
upon which labor Is dependent and thai
combinations OF capital and labor, oil
both. against public welfare thrive
whenever credit Is mlsdirected, trans
portation interrupted. power suppl!
curtailed, and industrial CONTINUITY
broken"
Priority orders the report declares
have delayed the carriage ut structum
material and through delay rcndcro
more hazardous and expensive build
ing construction As means Of de
creasing or aholishing priority orders
the committee would amend the Trans
portation ict $50 that the Iuicrs,at
Commerce Commission might not de-
clare. without hearing. an cmcrgrnc'
which would give preference or pal
olity TO shipments
Though it terms wCfllecrng In coo
during the last year "a national dis
grace drastic handling ct the con
situation is not contemplated by th
report which says wisely to act d
control Of Interstate and foreign com
merce, fairly to conserve the inter