Amarillo daily news. [volume] (Amarillo, Tex.) 19??-current, 1921-04-03
REMEDY FOR NATIONS HOUSING
SHORTAGE PROVIDED IN REPORT
OF U. S. SENATE'S COMMITTEE.

WASHINGTON. April 9--That the
remedy for the scarcity Of million
homes In the United states lies In pro.
,idlng better transportation. abundance
~ fuel. credit fur loans. ana fun iufor
nation on 90, icsi methods OF con.
stru,tion. IN ,uut ndcd hy Senator wi.
liam VI. Cild,r uf Sew York. chairman
,f N, s,nlt. Commute en- Eccoustruc.
uun. In q report made public today
To accomplish the desired ends Scna.
Tor calder has recommended tu con.
't,-s ten legislative measures. they are
fellows
\ hill a. establish IN the Department
% Cumm,fr. division fUr the gather.
INK ana dissemination of Information
ns 10 the best construction practices
and methods technical and cost data
aud matters relating 10 rity planning
&C.,. in order 10 encourage standardiyn'
ton ana improved building practices
throughout the country.
4 Hill 90 provide Cor the gathering
ana publishing by existing government.
al agencies of current facts 80 to pro-
irrtiun. distribution, available supplies
andtrd. ~ quality. ,usts and r,uliza.
tDn ~ coal
An amendment CO. thu transportation
act directing thu Interstate Commerce
Commission not io declare wiihou, hear.
nes an emergency which viii give prcf
crcncc ~ priority IN transportation
An amendment ~ iho Frdruil re.
rye act q permit the fdeiil 70.
serve Board 10 direct the us, o. saw.
lngs and time deposits ~ national
banks for iong time loans. thus giving
such deposits greater security and sup.
plyinr a source of long term money FOR
nome building.
A home loan bank hlil 90 provide for
district home lean hanks which may
- n. under federal supervision bonds So.
cured by the aggregated loans deposit.
"a by the member hanks.
An amendment. limited 10 five wears.
10 the revenue act ~; 1915. 90 provide
90 the exemption from excess profits
nd income taxes IT the profits on the
lies u dwelling houses whore such
rofiis plus an equal amount. are ~
Invested IN dwelling house consiruc'
ION.
An amendment in ths revenue act Of
giS a. exempt from taxation ini"ros,
N loans M e. $40 OO0 on improved real
state used for dwelling purposes. when
uch loans are held by an individual
An amendment 90 the revenue act oI
siS limiting "a. taxation u profits
ON the slle %, capital assets M pro
ding lor their taxation as - the years
accrual rather than as % the year oi
| heir sale
/ An amendment to the revenue act %
I aiS 20 limit the surtax upon saved Ia
ONE 10 an amoun, not In excess q 2
% cen, ~ such income.
An amendment 20 the postal saving
aw increasing the limitation ON ds
,osits ~ 90 amount and time and ~
horlzing the rate Of Interest. to Il
hanged from time 20 tim. and provit
nE for compensation ~ postmaster
or IN. extra duties
The report recognizes the present sy'
m OF taxation as an important facto
ui takes a firm stand against national
tate az local governments attemptIn
% relieve the housing situation by III
raniing o. subsidies or by the erectio
( structures az governmental expense
In its recommendation The commit
ee has had IN mind the Importance 9
economy" says the report. The cos
the collection OF coal Information IN
~, u the housing bureau. the supcl
ision 81 the federal home loan hank
yill constitute no appreciate burde
N the Treasury Tho results OF the ~
.ous bills proposed however. In siabl