The public ledger. [volume] (Maysville, Ky.) 1913-1968, 1921-04-30
HOME BUILDING PLANNED
BY SENATOR W. NJ. CALDER
Head Of Reconstruction Committee
Mays Out Program to Supply Def.
cheney of Million Houses.

Washington. d. c. - That the rem
edy for the scarcity of million homes
in tho United States lies in providing
better transportation, abundance of
fuel, home credit or loans, and full
information on the best method of con-
struction and city planning, is con-
tended by Senator William NJ. Calder,
Of New York., chairman of the Senate
Committee on Reconstruction, in a
report made public today.
To accomplish these ends he has
recommended to Congress ten legisla-
tive measures. They ere as follows:
A bill to establish in the Depart
ment of Commerce division for the
gathering and dissemination of infor-
nation as to the best construction
practices and methods, technical and
cost data, and matters relating to city
planning, etc, in order to encourage
standardization and improved build
ing 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 and
realization of coal.
An amendment to the transporta-
ton act directing the Interstate Com
merce Commission not to declare
without hearings an emergency which
| will give preference or priority in
transportation.
An amendment to the federal re-
serve act to permit the Federal Re-
I'VE Board to direct the use of saw
ings and time deposits of national
banks for longtime loans, thus giving
such deposits greater security and
supplying source of long-term
money for home building.
A home loan bank bill to provide
for district home loan banks which
may sell, under federal supervision
bonds secured by the aggregated
loans deposited 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 rcinvested in dwelling house con-
struction.
An amendment to the revenue act of
1918 to exemp from taxation interest
on loans up to $4,000 on improved
reel estate used for dwelling purposes,
when such loans are held by an indi-
vidual.
An amendment to the revenue act
of 1918. limiting the taxation of profits
Fl ON 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 limi the surtax upon saved
income to an amount not in excess of
twenty per cent. of such income.
Rn amendment to the postal savings
| law Increasing the limitation on de-
posits as to amount and time and
authorizing the rate Of interest to be
changed from time to time and pro-
viding for compensation of postmas-
tiers for the extra duties.
ON its recommendation the COM
mittee has had in mind the Importance
of economy" says the report. "The
cost of the collection Of the coal in
formation, the cost Of the housing bu-
reau, the supervision Of the federal
home loan banks, viii constitute no
aDpreciable burden on the Treasury.
The results of the various bills pro-
posed, however, in holding down the
price of essential materials, in pre-
venting unfair competition and mon
opoly in coal and in directing the flow
Of credit toward the building indus
| try will, the committee believes, cause
the prompt construction of the homes
so urgently needed"
Bowling Green, Ky. Miss Mary