davidaulloa/AmericanStories huggingface dataset:
New-York tribune., 1921-04-24

housing question a recognition of the
practical fact that the local cooperative
savings and loan association, when
regulated by wise laws as in most of
the states, is the ideal and the chief
fundamentally for dealing success
fully with the financial aspect of the
problem as it affects families of small
80 per cent of the rent paying families
of the country.
"People who have savings to invest
increase the already large funds of the
associations, so that they may continue
to be employed in loans to home seek
ers. The inherent safety of these in
stltutlons, as state supervised reposi-
tories for small savings, must be i'm
pressed upon the public, with the fact
that the investing members derive earn
lngs upon their savings at a somewhat
larger rate than that allowed in the
ordinary savings institution
Will Congress Help
Law makers at Washington and at
Albany who already know or who can
be made to realize the great stabilizing
influence upon the character of our
citizenship exercised by these demo-
cratically controlled, and economically
asked to pass laws that will help their
growth in resources and usefulness.
The United States League, represent
ing the state leagues of these associa-
tlons in twenty-five states, is now try
ing to get Congress to help just a
little, by an amendment to the Federal
income tax law that will exempt an
nual income, not exceeding $500, de-
rived from savings kept in one of these
associations. 1t ought to be made a
law. While a small thing in itself it
would probably lead to increased saw
lngs Investments in the cooperative
associations of the country with the
Incidental increase of the funds avail
able for financing new housing con-
struction
United States Senators Calder.
Edge and Kenyon, in signing the report
of the Senate Reconstruction Commit
tee after their exhaustive investiga-
tion of the housing problem, have rec
commended passage by Congress of the
home loan bank bill proposed by the
United States League of Local Building
and Loan Associations, which, should it
become a law, might greatly extend
the credit facilities of these institu-
tlons in an emergency like the present.
Ihe Senate committee describes the
bill in this language:
1T federates into regional banks
the existing building and loan societies,
and enables them to raise money upon
the mortgages in their vaults with
which to finance new building con-
structlon. These societies, true peo-
ple's banks, have sprung up voluntarily
all over the country. The re-
gional banks proposed will greatly in
crease the available capital of these in
stitutions by permitting them to use
their mortgages as security for the
issuing of the loans which they must
in turn invest in further home build
ing. AS the issues of the loans (bonds)
by the regional banks are to be tax ex-
empt, like farm loan bonds. and as thew
are guaranteed by the best of SECURITY
mortgages on the homes of the coun-
try-they can be easily sold The bill
Is step toward dem ocracy in banking
as we'll as a means of meeting press
ing national necessity
"But in my capacity as chairman Of
New-York tribune., 1921-04-24
Miniature Suburb.
With Cosy Houses
and Gardens, to
Continue Another
Week; Wonderful
Educational Effect
ON Renters Shown

ures seem appalling they make tn.
adult think-and that is precisely what
they are there for. In what class will
i fall at forty-fve years?
Save some of what you are now earn.
ing, the associations urge. in the course
of time you will earn less; then your
savings will come handy. Save at
least one tenth of what you earn and
more if you can. Less than one-third
and in some cases, only one-fourth Of
the total cost of the house is neces-
sary in order to begin building II
prospective home owner has no capital
he is advised to join the savings
department OF one of the associations
and lay it aside.
Ownership Instinct Evident
So that is the way it goes up at
the 22d Regiment Armory. Young
couples who are tired of boarding
house existence, younger couples who
are planning to be married this spring,
small families, large families, all most
interested in learning how to become
their own landlords.
During this first week of the Ey-
position an enormous amount af busi-
ness has been transacted on the floor
by real estate men and home furnish
ers." said Robert II. Sexton, managing
director, last night as he watched the
crowds of people waiting to pass up
the ramp leading to the Armory door
from the street. at is not our purpose
to wage war against all landlords, We
merely desire to assist the people who
find themselves in the hands of prof
teering landlords and generally encour-
age home building which makes for q
better citizen. better community q
better nation"
New-York tribune., 1921-04-24

: their aid Out Of my daily experience
in dealing with this situation has come
the conviction that savings and loan
association that would advertise that it
was ready to accomm odate with reason
able loans all the small home seekers in
this vicinity who could present fair
security for the repayment of loans
would need the constant services of the
Police Department during Office hours
Tor the regulation Of the crowd that
would respond to such an announce
ment.
Pennsylvania Great Record
eff visitor to Philadelphia wants to
know why it is called city of home IS
and why the housing shortage (al-
though in evidence even there) is not
as acute in that city as in New York,
the answer is to be found in the great
number of Philadelphia's building and
loan associations. The secretary Of the
Pennsylvania League of Building and
Loan Associations writes me that in
that state, last year, cooperative asso-
Citations created $4,000 new homes.
Many of the associations borrowed
money from their banks up to their
legal limit in order to meet the un-
usual demands made upon them Ca
practice justified only by the emer-
gency) and many others were able to
accomm odate their home seeking mem
bers only by the unusual expedient of
taking small monthly installment Sec
ond mortgages behind first mortgages
representing so per cent of the ap-
praised value, taken by some of the
large trust companies Of the city. This
practice, which has proved safe enough
has greatly expanded the home buying
service of some Of the Philadelphia as
sociations, but it is not permitted to
savings and loan associations by the
banking law in New York or in other
states except under severe restrictions
that make it impracticable on any large
scale
"For this reason New York associa-
tlons could not take advantage of the
offer reported to have been recently
made by the Metropolitan Life Insur-
ance Company to advance loans up to
ten million dollars through the savings
and loan associations for new small
dwelling house construction. The in
surance company's requirement that it's
advances should be secured by the first
lien upon the property, for an amount
not exceeding so per cent of a conser-
vative appraisement, made the offer un-
available for the average home seeker,
unless savings and loan association
loaned an additional Is to 25 per cent
of the value on second mortgage. It
may be possible to secure amendment
of the New York banking law at next
years session of the Legislature, which
would permit, under prudent restrc-
tlons, the taking of this kind of secur-
ity by savings and loan associations.
But, obviously, the proposal of the
metropolitan Life offers no immediate
relief to the small home seeker or the
savings and loan associations in New
York State.
Here, Then, Is the Answer
What. then, is the answer? Which
way is the way out for the harassed
rent payer who would own his own
home? AS l see it,. it is this:
cat the outset, in New York and else
where. We need from the press and
from public men concerned with the
New-York tribune., 1921-04-24

home is extremely popular. Fireproof,
crack proof, watertight and stain proof,
it is an ideal home for the small family
in moderate circumstances. The garden
has been laid out and flower boxes are
at the windows. 1t has been wired
electrically, connected as to plumbing.
The heating plant is in, the ventilation
the most approved method. Each room
is tastefully and consistently furnished
and decorated. Silver is on the dining
room table; the kitchen, marvel of
devices, smells strongly of homemade
biscuits.
The last booth, but not the least in
Importance and educational value is
that established by local savings and
loan associations of New York, under
w. D. Carter, president of the Metro
politan League of Savings and Loans.
New-York tribune., 1921-04-24
OLD ENGZ/SH L/U/NG
RCOH a CHARN//AG
SHOW EEa TURE

husband loaded up with literature from
the booths of the heating and ventilat-
ing companies, who have not air fur
naces, hot water boilers, not water
heaters, steam furnaces, .ypcs of radi-
ators and several newly developed VEN
tilating methods
"There isn't thing [ don't know
now about my side of this game" said
Mr. X. Down at the end of the audi
torium is the real thing-a full size
house-let's go there"
The exhibits are all excellent, the
thoroughness with which they have
been executed is most unusual; but
after all the assembling of every one
Of the 5000 details that experts claim
are necessary in the erection and fur
nishing of a family dwelling is the best
seller. The finished five-room stucco
New-York tribune., 1921-04-24

Fear for Health Iancheds

adequate credit facilities for the small
homeseeker of good character, so that
he may be able on easy terms to
finance the erection of his dwelling
{ house or the purchase of a house al
ready erected. You must concede that
there is something radically deficient
in our financial and economic system
when a decent American citizen of
sound health and steady income Cone
who owns a vacant building site or has
accumulated fair margin of security
and is not looking for charty) cannot
borrow the capital to finance his rea-
sonable needs as homeseeker. ! feel
that if you and other earnest public
men will concentrate attention upon
this aspect of the housing problem you
will be helping the situation a great
deal
"The pressure upon existing housing
facilities would soon be considerably
relieved if when we counsel some
worthy man to own his own home we
could also point him surely to the
financial agency where, having suffi-
cient margin of security, he could get
liberal mortgage money advance to
establish his ownership upon terms
his indebtedness in monthly INSTALL
ments over period of years about
as he now pays his rent.
Work of the Building and Loan
"Now, of all the varieties of fnan-
cial institutions in this country, only
the cooperative savings and loan asso-
ciation Commonly called the building
and loan) is organized to do this sort
of financing. The ordinary savings
bank or commercial bank or trust com
pany can not or will not help the aver
age homeseeker with the only sort of
credit that will assist him in prac-
tical way.
"There are 5000 building and loan
associations in the United States (about
275 of them in New York; and, despite
the little known but significant fact
that these peoples banks are growing
rapidly in resources. and membership,
and are creating home owners by the
tens of thousands every month, they
are, nevertheless, far from being able
to meet the demands now made upon
them. This is not only true of New
York but of many other parts of the
country.
Significant and Unappreciated Facts
"And yet these popular institutions
are doing simply marvellous work.
The secretary of the United States
League of Local Building and Loan As
sociations reports that the aggregate
of mortgages held by the cooperative
associations of the country is now in
excess of $4,000, 100000; their total
membership is about 100000 men,
women and children, and approximately
100000 home purchase loans were made
last aggregating sum in excess
of S500,000,000.
"In New York State, where these as
sociations have had relatively smaller
development than in Pennsylvania, Ohio
and New hy Jersey m it is estimated nat 5o tha6 nat
families into homes of their own. Asso-
Citations in the metropolitan district
put out about $15,00O,00O last year upon
dwelling house mortgages averaging
about $4,000 each in amount They
might have done at least twice as much,
without advertising, il money had been
available for the accommodation Of
every responsible borrower who sought
New-York tribune., 1921-04-24

Here the procedure necessary to fol-
low in financing home building is care
fully explained to each individual and
expert advice is given on budget sys-
TENS and savings plans. 1t is esti-
mated that over one million American
homes have been purchased with
money loaned by such associations
throughout the country which are su-
pervised by the government the same
as banks and trust companies-an in
teresting figure when compared with
that of the national housing shortage
which was placed at the close Of this
year at 1,250,00Q
An interesting schedule painted on
the walls of this booth shows man at
the age of twenty, the boy passing
through the sknow it all period" when
he thinks he Knows more than his IA
.ther. At this age he has everything to
New-York tribune., 1921-04-24

What, then. is the answer? Which
way is the way out for the harassed
rent payer who would own his own
home? AS | see it,, it is this:
cat the outset, in New York and else
where. we need from the press and
from public men concerned with the
New-York tribune., 1921-04-24

gain and nothing to lose. This age rep
resents the boys spending period or the
age of wild oats. At thirty the boy is
now changing his mind and concludes
that he had better begin to save; he
has wife and family to care for. At
thirty yfve he realizes that life is a
reality and he is not saving as much
as he should.
At forty comes the danger period
when no days of grace are allowed,
when the man either succeeds or fails.
At forty-fve 16 per cent are dead; IS
per cent 'self-supporting; Is per cent
dependent wholly or In part, and only
4 per cent have saved anything and
kept it. At sixty-five, 85 per cent of
the men still living are dependent on
children, relatives and charity.
Posted up in red and black these fig
New-York tribune., 1921-04-24

little city of Newburgh, the only one
in the state to. act under this law
Upon request of the Newburgh Saw
ings and Loan Association, the city
authorities invested 100000 in Land
Bank per cent ten~year bonds. This
money was Immediately loaned by the
Land Bank to the Newburgh associa-
ton, which had secured the payment
of the 100000 of bonds taken by the
city by deposit with the State Comp
troller of dwelling house mortgages
upon homes OF Newburgh citizens for
an amount exceeding $75,0OC. The
money advanced by the Land Bank to
the association was presumably put
out in new loans to home seekers in
the city of Newburgh.
II ascertain that the Land Bank has
at this writing, unsatished demands
for funds from its member associa-
tions to the extent of about $1,000 900
which sum, and more, might be set to
work Immediately to relieve the hous-
ing shortage in New York State. if
New-York tribune., 1921-04-24
Ho1EZS HZIZT CHEQA\\\~M
~
.REUoxx~Ex~r 1no roJ

trunks and clothing they never, never
use. Though Mrs. K. being a cliff
dweller had no attic, still she made a
note of that playroom and resolved
never to allow that part of her new
house to become wasted space such
as it is in many houses.
Quite unusual is the bathroom ex-
hibit which is only four feet by seven
feet and provides a combination seat
bath, foot bath, shower and child's
bath, all in one.
Door beds, folding beds, couch beds
space savers and are welcomed in this
day of high costs of materials when
every foot of lumber and extra brick
counts in the total cost. Complete out
fits, rugs, furniture, pictures and hang
ings are shown for every need and for
every type of house exhibited. The fur
New-York tribune., 1921-04-24

niture displayed is not ornate, doesn't
look as if it would be hard to clean,
and is in every way adaptable for a
small house for people of moderate
circumstances.
At Fountain Terrace, the center of
the hall, fountain plays amid bril-
liant beds of early spring bulbs. Each
corner Of the court is resplendent with
landscaping effects, both formal and
Informal, dwarf pines, dogwood, red
bud, bluebells and early wildfowers,
a woody scene and formal lawn where
visitors were told by landscape gar
deners in charge that landscaping-th
proper outdoor environm ent--for the
home is not expensive and that land
scape development should be under
taken by every prospective home
builder.
Crossing the court Mrs K met her
Evening star., 1921-04-27
CITY NEWS IN BRIEF.

An institute for Christian workers
will be held at AS every afternoon
and evening of the week at West
Washington Baptist Church.
The Heddon, Club will give its an
nual outing to Great Falls sunday.
Members and friends invited.
tieth Century club will close its
meetings for the club year tomorrow
at IL o'clock. at the home of it's pres!-
dent. Mrs. Lyman Il. Swormstedt.
The Ohio Girls Club will give n
spring party Friday at s pm. at the
home of Mrs. \. K. Faly. the Chal-
fonte. 2116 L street.
Members Of the American Historical
Association and delegates to the an
nUal session of the National ASSoCla-
tion of State War History orSaniza-
tions will meet Friday at pm. IN
the Cosmos Club.
Senator Thomas Sterling will ad-
dress the Home Club Saturday at S:l'
pm. in the auditorium of the Depart
ment of the Interior.
The Catholic Women's Service Club
will meet tomorrow evening at the
Catholic Community House, COL T.
street.
Prof. John Holland Rose. English
historian. will speak of Napoleon ana
His Times" Saturday morning at 1l:lJ
O'Clock. in Concordia church. under
auspices of George Washington Uni
verSity-
Mount HoIy"kr AIumnae will give Il
reunion dinner May 3 at 6 - at the
New Willard.
Ladies' night at the University Club
Friday evening will be devoted to
AmeriCanization. Mrs George May
nard Minor. Mrs. Annette Abbott Ad
ans and Prof. Seldom +. Ely will
speak and Claude y. Bennett Will pre-
side.
The Agricultural History Society
will meet tomorrow at pm. at the
Public Library. Speakers: Herbert
A. Kellar of Chicago and Frederick
i. Lewton Of this city.
Troop -. Boz Scouts of America.
will meet at st. Peters School hall
tomorrow at I;3h pm.
Members Of the Washington TuS-
kegee Club and all graduates and
former students of that Institution
are requested to meet at the residence
of j. u. Brown. 23I Florida avenue
northwest. t"morrcs> 2. pr
'tise Association of Military En-
Ei1eera will hold one of its regular
luncheon meetings at the Army and
Navy Club tomorrow afternoon at l
o'clock. Il. y. Dean of the Shipping
Board and Rear Admiral II. H Rous-
seau of the Navy will be guests
Kit Carson Post, No. =. Department
of Potomac. will meet tomorrow at
8 pm. at Grand Army Hall.
The National Pen League and Inter-
national Literary Association will
have a literary evening tomorrow at
$50 at Hotel HadIei gh.
The Conduit Read Citizens AssOcia-
finA VIII meet tomorrow at pm at
st. Dayid's Parish Hall, Conduit and
Chain Bridge roads
Evening star., 1921-04-27
EXCURSIONS.
DANCING.
]. ]. Hoffman and Mrs. H. L. Holt

SALON OF pANSE,
Now located at 1S0s Kalorama road blocks
south Of 18th and Columbia road. Phone. stu
do. Col. .61-W. Ballroom and all branches
Of s+sge dancing correctly taught.
Evening star., 1921-04-27
Generous or Just

My neighbor, Biffkin, takes
delight in helping things along !;
ii there's charity in sight, he 5
whooping for 1t strong. His
name is seen on every list OF
giverS to The Cause and people
often wot and Wist that he IS
Santa Claus. To brighten up
the world he strives. he'll
brighten it or bust he's promi-
nent in all the drives" that call
for peoples dust. But ii he
owes YOU iron men he seems to
hate to pay; you'll have to call
again, again, and chase him day
by day. | don't indorse the fire.
quent drive" that bore us
everywhere. that poster voters
and their wives for coin theycan
not spare. | do not give to every
jay who tags me in the mart.
and Bitfkin has been heard to
say that I've a Calloused heart.
But when man presents his bill
for anything I've bought. | take
the roublcs from the till, and pay
him on the spot. No merchant
bones me for the kale upon the
public street. and no collectors.
on my trail. wear out their use
ful feet. | pay up every cent |
owe. that creditors may thrive.
before | dig up any dough to
help along a drive 1t may be
Bitfkin's course is right, and
mine is badly wrong. but Bitf-
kin's credit is a sight, and mine
is good and strong.
WALT MASON.
Copyright by George Matthew Adams.
Evening star., 1921-04-27

A large department store in Boston
has employed as saleSgirl a young
woman who is totally blind. If the
experiment proves successful. it will
probably be the means of extending
tremendously the present restricted
field of employment for the blind. At
the end of the first two weeks the
store management reported that the
work of the blind SaleSgirl was up to
Evening star., 1921-04-27

The city board of health of New
Orleans has just appointed its first
woman inspector. She Will be detail
ed to work among the cohfectionaries es
and her duties will be largely educa-
tional in demonstrating the need for
greater cleanliness in all places where
food is prepared
Evening star., 1921-04-27

Lonesome Club-Dance at $40. Will
son Normal school. Everybody well
come.
Evening star., 1921-04-27

The Marine club will hold a dance
at Pythian Temple at o'clock.
Evening star., 1921-04-27

Miss Ethel Slogadill. a young busi-
ness woman with practical experience
in banking. has been appointed city
treasurer of Wellsville. Mo.
Evening star., 1921-04-27

The Parcnt-Teacher Association of
Lovejoy School meets at the school at
pm.
Evening star., 1921-04-27

The Negro National Educational
street.
Evening star., 1921-04-27

+. l.. Stock viii address the Mems
club at o'clock at Calvary T. r.,
Church. 11th and g streets northeast.
The Young Mems Hebrew Associa
Evening star., 1921-04-27

pr. +. r budding will speak at s
o'cloCk at WomenS City Club.
Evening star., 1921-04-27

The Oklahoma State club will meet
at $50 at Thomson School. Spea kerS:
senator and Mrs. j. W. Harrcld and
Representative J. g. Pringcy. Okla =
hOmanS invited.
Evening star., 1921-04-27

ton, dance at o'clock at the associa =
tion building, 11th and Pennsylvania
avenue.
Evening star., 1921-04-27
ORGANIZATION ACTIVITIES.
TONIGHT.

The Lay Alumni Association Cath
oilc University of America. will meet
at sis at the Raleigh Hotel.
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-06
FORMER ALBUQUERQUE
MAN DIES SUDDENLY
AT CALIFORNIA HOME

John w. McQuade, formerly a
resident of Albuquerque for many
years, died in Los Angeles, Calf,
about 5 o'clock yesterday morning,
according to word received here
last night. His death came uneX-
pectedly, as he had seemed to be
recovering from long illness,
Mr., McQuade was well known in
Albuquerque, having come here
when the town was still young, and
had been engaged in the contract
ing business here. About two
years ago he removed with his
family to California, where he was
residing at the time of his death.
Mr.. McQuade is survived by his
wife and a daughter in California
and son, A. A. McQuade, of this
city. 1t is not known whether the
body will be brought to Albuquer-
que for burial, but funeral arrange
ments will be announced later,
Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1921-08-06

NJ, will hold a special convocation
at o'clock this afternoon for
work in the NJ. NJ, P. M, NJ. L, NJ.
and r. A. degrees. \ large class
from Belen will be present for the
work in these degrees.
Clarence D. Johnson left Thurs
day evening for Chicago, where he
will meet his mother. who is re-
turning from Norway and Sweden.
He will be away about three weeks.
D. w. Hynd of the United States
Indian irrigation service left yes
terday for Ignacio, Colo, where he
will inspect the work on the serv-
ices irrigation project there.
DR.. and Mrs. e. p. Lassetter
went to Santa Fe yesterday to at
tend a dancing party given at the
executive mansion by Governor and
Mrs. M. c. Mechem. They will re-
turn today.